BTC Followed Path A with Support From Powell Sirji ❤️
Currently Looking At Daily Frame We Are Saying Very Smooth Parabola Structure , Short Term Correction Will Play Out Undoubtedly But Every Correction Is For Buying !!
Don't Short Else You Rekt Market Is Changing It's Way !!
Closing Daily Above 24500$ Will Give Confirmation To This Pattern To Play Out !!
Currently Looking At Daily Frame We Are Saying Very Smooth Parabola Structure , Short Term Correction Will Play Out Undoubtedly But Every Correction Is For Buying !!
Don't Short Else You Rekt Market Is Changing It's Way !!
Closing Daily Above 24500$ Will Give Confirmation To This Pattern To Play Out !!
Why So Crypto?
BTC Followed Path A with Support From Powell Sirji ❤️ Currently Looking At Daily Frame We Are Saying Very Smooth Parabola Structure , Short Term Correction Will Play Out Undoubtedly But Every Correction Is For Buying !! Don't Short Else You Rekt Market Is…
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R u all enjoying this ride 💸🎢
#Shiba 🐕 is trying for a breakout in daily made a small fresh position 🌧🌧🌧
#Binance Labs has made a strategic investment in Web3 infrastructure provider Ankr.
Forwarded from -_•🌋 HITMAN 🌋•_-
BREAKING ‼️
The Ethereum Merge has been scheduled for ≈ September 15th/16th.
The Ethereum Merge has been scheduled for ≈ September 15th/16th.
Why So Crypto?
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📌RULES FOR TRADING & INVESTING CRYPTO'S:
A. While you can trade with any amount. $5,000-10,000+ is ideal to do anything substantial. $2,000 bare minimum. Otherwise, you’re just wasting your time. Raise some funds through work, sell some stuff, study these materials in the mean time, then come back.
B. Don't chase every moon. Narrow your choices down to ~1-5, & keep a bit of spare cash for swing trading & Initial offerings.
C. Always check BTC/ETH before trading, their prices & trends have the biggest influence of anything over the price of alt coins. Knowing what they are doing is vital for knowing how alts behave.
D. The hardest one to follow: Never FOMO into ATHs. If there's hype but already pumped, close the chart & forget about it – you've missed the boat but there is ALWAYS a correction.
E. Never sell good coins at lows. Just as coins don't just keep going up, they don't just keep going down either. If you bought high & are down 40-50% & it's a good coin, just take the hit & hold it. Only sell if it's a true shit coin, & cut your losses ideally at ~10-15%, and at worst case scenario -30%.
F. Don't stare at charts all night – this makes you impatient & your brain finds all sorts of 'signals' to justify bad trades. This is where you make the worst decisions.
G. Don't buy into hype or sell into FUD. Read & check it from multiple different sources. Usually it's nothing but volatility of emotions of the market participants. If you don't know whats going on leave it.
H. Learn to read charts. TA (Technical Analysis) is predictive, but not definitive. It can, however, show you possible price movements, & probabilities of price action. Generally, TA breaks down during black swan events, & uncertainty.
I. TA is important for checking up/downtrends, support & resistance areas, & patterns in the charts. Most importantly, check the volume: Is there enough volume to justify the pump? Is there enough volume to support the price increase?
J. When doing TA start from dailies, & work backwards. Generally, 1-4h charts are best for figuring out trade opportunities. Use 5-15m charts for finding entry & exit points. Rarely are 1m charts useful for most traders.
K. Warning: Always monitor bitcoin prices on charts while in alt positions. For every 1% change in BTC price, there tends to be a 1-3% change in price in the short-term on alts. If you are unsure, hold a BTC position if you are bullish on BTC in the long-term.
A. While you can trade with any amount. $5,000-10,000+ is ideal to do anything substantial. $2,000 bare minimum. Otherwise, you’re just wasting your time. Raise some funds through work, sell some stuff, study these materials in the mean time, then come back.
B. Don't chase every moon. Narrow your choices down to ~1-5, & keep a bit of spare cash for swing trading & Initial offerings.
C. Always check BTC/ETH before trading, their prices & trends have the biggest influence of anything over the price of alt coins. Knowing what they are doing is vital for knowing how alts behave.
D. The hardest one to follow: Never FOMO into ATHs. If there's hype but already pumped, close the chart & forget about it – you've missed the boat but there is ALWAYS a correction.
E. Never sell good coins at lows. Just as coins don't just keep going up, they don't just keep going down either. If you bought high & are down 40-50% & it's a good coin, just take the hit & hold it. Only sell if it's a true shit coin, & cut your losses ideally at ~10-15%, and at worst case scenario -30%.
F. Don't stare at charts all night – this makes you impatient & your brain finds all sorts of 'signals' to justify bad trades. This is where you make the worst decisions.
G. Don't buy into hype or sell into FUD. Read & check it from multiple different sources. Usually it's nothing but volatility of emotions of the market participants. If you don't know whats going on leave it.
H. Learn to read charts. TA (Technical Analysis) is predictive, but not definitive. It can, however, show you possible price movements, & probabilities of price action. Generally, TA breaks down during black swan events, & uncertainty.
I. TA is important for checking up/downtrends, support & resistance areas, & patterns in the charts. Most importantly, check the volume: Is there enough volume to justify the pump? Is there enough volume to support the price increase?
J. When doing TA start from dailies, & work backwards. Generally, 1-4h charts are best for figuring out trade opportunities. Use 5-15m charts for finding entry & exit points. Rarely are 1m charts useful for most traders.
K. Warning: Always monitor bitcoin prices on charts while in alt positions. For every 1% change in BTC price, there tends to be a 1-3% change in price in the short-term on alts. If you are unsure, hold a BTC position if you are bullish on BTC in the long-term.
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BTC Update:
1. Daily Close was really bad into the resistance again indicating there is still a lot of sellers near 24.5k
2. Price needs to get above here with strong close for forwards movements.
3. This close is pretty nasty creating a bearish candlestick.
4. Also going into the weekend will be some low volatility and movements.
5. If BTC ranges slow movements we could see some pop ups in Alts. So focus should be trading there.
1. Daily Close was really bad into the resistance again indicating there is still a lot of sellers near 24.5k
2. Price needs to get above here with strong close for forwards movements.
3. This close is pretty nasty creating a bearish candlestick.
4. Also going into the weekend will be some low volatility and movements.
5. If BTC ranges slow movements we could see some pop ups in Alts. So focus should be trading there.