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Crypto for Beginners: What Is It and Why Is Everyone Talking About It?
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Are you new to crypto and feeling overwhelmed by all the complicated terms? I’ve been there too! That’s why I decided to start sharing simple, clear posts to help others understand what crypto is all about — step by step.
So, what is crypto?
It’s a new form of digital money.
It’s not controlled by banks or governments.
You can send or receive it anytime, anywhere.
Some popular cryptocurrencies are Bitcoin, Ethereum, and BNB.
Want to learn more with me? Follow my posts and let’s explore this world together!
(What was the first thing you ever heard about crypto?)
#begginers #CryptocurrencyWealth #BinanceLearn #learnAndEarn
Crypto for Beginners: What Is It and Why Is Everyone Talking About It?
Post:
Are you new to crypto and feeling overwhelmed by all the complicated terms? I’ve been there too! That’s why I decided to start sharing simple, clear posts to help others understand what crypto is all about — step by step.
So, what is crypto?
It’s a new form of digital money.
It’s not controlled by banks or governments.
You can send or receive it anytime, anywhere.
Some popular cryptocurrencies are Bitcoin, Ethereum, and BNB.
Want to learn more with me? Follow my posts and let’s explore this world together!
(What was the first thing you ever heard about crypto?)
#begginers #CryptocurrencyWealth #BinanceLearn #learnAndEarn
RSI (Relative Strength Index)
RSI (Relative Strength Index) is a momentum oscillator used in technical analysis to measure the speed and change of price movements. It helps traders identify overbought or oversold conditions in a market.
Key Points:
Scale: RSI values range from 0 to 100.
Overbought: RSI > 70 (price may be too high and could fall).
Oversold: RSI < 30 (price may be too low and could rise).
Default period: 14 (typically 14 days for daily charts).
How to Calculate RSI
Formula:
RSI = 100 - [ 100/(1 + RS)]
How to use it:
Buy signal: RSI crosses above 30 from below.
Sell signal: RSI crosses below 70 from above.
Divergence: When RSI moves opposite to price, it may indicate a potential reversal.
Step-by-Step RSI Calculation in Excel (14-period RSI)
1. Get Your Price Data
Start with a list of closing prices. Let's assume you have 15+ days of data in Column B (B2:B16).
2. Calculate Price Change
In Column C, calculate the change:
C3 = B3 - B2
Drag down to fill.
3. Separate Gains and Losses
In Column D (Gains) and E (Losses):
Gain (D3): =IF(C3>0,C3,0)
Loss (E3): =IF(C3<0,ABS(C3),0)
4. Calculate Average Gain and Average Loss
In row 16 (or after 14 values):
Average Gain (F16): =AVERAGE(D3:D16)
Average Loss (G16): =AVERAGE(E3:E16)
5. Calculate RS (Relative Strength)
In H16:
= F16 / G16
6. Calculate RSI
In I16:
= 100 - (100 / (1 + H16))
7. Smooth RSI for subsequent rows
From I17 onward, use:
AvgGain = ((PreviousAvgGain * 13) + CurrentGain) / 14
AvgLoss = ((PreviousAvgLoss * 13) + CurrentLoss) / 14
Note: You can use this to keep the RSI "smoothed" for each day after the initial 14.
Create an RSI Chart:
Select your RSI values (Column I).
Insert a Line Chart in Excel.
Add horizontal lines at 70 and 30 to show overbought/oversold levels.
#RSI #chartpattern #begginers #TradeSecret #DYOR🟢
Key Points:
Scale: RSI values range from 0 to 100.
Overbought: RSI > 70 (price may be too high and could fall).
Oversold: RSI < 30 (price may be too low and could rise).
Default period: 14 (typically 14 days for daily charts).
How to Calculate RSI
Formula:
RSI = 100 - [ 100/(1 + RS)]
How to use it:
Buy signal: RSI crosses above 30 from below.
Sell signal: RSI crosses below 70 from above.
Divergence: When RSI moves opposite to price, it may indicate a potential reversal.
Step-by-Step RSI Calculation in Excel (14-period RSI)
1. Get Your Price Data
Start with a list of closing prices. Let's assume you have 15+ days of data in Column B (B2:B16).
2. Calculate Price Change
In Column C, calculate the change:
C3 = B3 - B2
Drag down to fill.
3. Separate Gains and Losses
In Column D (Gains) and E (Losses):
Gain (D3): =IF(C3>0,C3,0)
Loss (E3): =IF(C3<0,ABS(C3),0)
4. Calculate Average Gain and Average Loss
In row 16 (or after 14 values):
Average Gain (F16): =AVERAGE(D3:D16)
Average Loss (G16): =AVERAGE(E3:E16)
5. Calculate RS (Relative Strength)
In H16:
= F16 / G16
6. Calculate RSI
In I16:
= 100 - (100 / (1 + H16))
7. Smooth RSI for subsequent rows
From I17 onward, use:
AvgGain = ((PreviousAvgGain * 13) + CurrentGain) / 14
AvgLoss = ((PreviousAvgLoss * 13) + CurrentLoss) / 14
Note: You can use this to keep the RSI "smoothed" for each day after the initial 14.
Create an RSI Chart:
Select your RSI values (Column I).
Insert a Line Chart in Excel.
Add horizontal lines at 70 and 30 to show overbought/oversold levels.
#RSI #chartpattern #begginers #TradeSecret #DYOR🟢
Every Trader journey💓
it not about how we all start but it matter how it ends...
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it not about how we all start but it matter how it ends...
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Candlestick Patterns
1. Bullish Engulfing
Shape: Big green candle fully "engulfs" the previous red candle.
Meaning: Strong bullish reversal.
2. Bearish Engulfing
Shape: Big red candle fully "engulfs" the previous green candle.
Meaning: Strong bearish reversal.
3. Doji
Shape: Open and close prices are almost the same.
Meaning: Market indecision. Could signal a reversal if found after a trend.
4. Hammer
Shape: Small body, long lower wick.
Meaning: Bullish reversal after a downtrend.
5. Shooting Star
Shape: Small body, long upper wick.
Meaning: Bearish reversal after an uptrend.
#candlestick_patterns #begginers #CryptoSecrets
Shape: Big green candle fully "engulfs" the previous red candle.
Meaning: Strong bullish reversal.
2. Bearish Engulfing
Shape: Big red candle fully "engulfs" the previous green candle.
Meaning: Strong bearish reversal.
3. Doji
Shape: Open and close prices are almost the same.
Meaning: Market indecision. Could signal a reversal if found after a trend.
4. Hammer
Shape: Small body, long lower wick.
Meaning: Bullish reversal after a downtrend.
5. Shooting Star
Shape: Small body, long upper wick.
Meaning: Bearish reversal after an uptrend.
#candlestick_patterns #begginers #CryptoSecrets
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Do you want to be free through trading? First understand this before losing money
Path to success
Hello, if you stumbled upon this, you're probably looking for answers. Maybe you've already invested in crypto and lost, or perhaps you haven't taken the first step, but the dream of financial freedom is knocking at your door.
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Hello, if you stumbled upon this, you're probably looking for answers. Maybe you've already invested in crypto and lost, or perhaps you haven't taken the first step, but the dream of financial freedom is knocking at your door.
And before I tell you 'how to make money trading', I'd rather tell you why so many lose it... and what you need to understand if you want to avoid that fate.
You don't need a mentor with Lambos (well, of course, a mentor with Lambos inspires more confidence, but that's not the point), you need a realistic perspective, but also hopeful. Because yes, it can be achieved. But the path is deeper than just green numbers.
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Quoted content has been removed
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where do I get the beginner's guide on the Binance app?
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#begginers How to read crypto charts – A beginner’s guide
Key takeaways #CryptoKey
• Crypto trading charts, such as line charts, bar charts and candlestick charts, show how crypto prices and other information changes over time.
• Understanding how to read cryptocurrency charts for day traders is essential for analyzing cryptocurrency trends and determining price movements.
• Popular overlays and indicators on live crypto charts help traders make informed decisions.
• Noticing common bullish and bearish patterns is important for successful crypto trading and trend following.
• Using multiple indicators and backtesting strategies is important to improve trading approaches.
Why do you need to understand cryptocurrency market charts?
Reading crypto trading charts is pretty important for anyone looking to get into crypto trading or investing. After all, these charts provide a visual representation of market data, enabling traders to make informed trading decisions.
By analyzing price movements and patterns, traders can see market trends directly on the charts — whether bullish or bearish — and make predictions about future price directions. This helps determine the best times to buy or sell assets, as well as where to set different orders to protect the trades, such as stop-loss or take-profit orders.
Think of reading these charts like learning to read a map before a journey. Maps can help predict what the journey will look like. Just as a map helps navigate to a destination by showing the best routes and potential obstacles, crypto charts guide traders in navigating the market by highlighting trends and potential price movements.
However, it’s not as simple as reading a map when you sit down for a trading session — reading cryptocurrency charts is part of the (rather tricky) school of crypto technical analysis that requires a lot of practice and mastery.
Indeed, you’ll need to learn how to use charts to identify patterns, such as head-and-shoulders, double tops and bottoms and triangles, which can signal potential price
Key takeaways #CryptoKey
• Crypto trading charts, such as line charts, bar charts and candlestick charts, show how crypto prices and other information changes over time.
• Understanding how to read cryptocurrency charts for day traders is essential for analyzing cryptocurrency trends and determining price movements.
• Popular overlays and indicators on live crypto charts help traders make informed decisions.
• Noticing common bullish and bearish patterns is important for successful crypto trading and trend following.
• Using multiple indicators and backtesting strategies is important to improve trading approaches.
Why do you need to understand cryptocurrency market charts?
Reading crypto trading charts is pretty important for anyone looking to get into crypto trading or investing. After all, these charts provide a visual representation of market data, enabling traders to make informed trading decisions.
By analyzing price movements and patterns, traders can see market trends directly on the charts — whether bullish or bearish — and make predictions about future price directions. This helps determine the best times to buy or sell assets, as well as where to set different orders to protect the trades, such as stop-loss or take-profit orders.
Think of reading these charts like learning to read a map before a journey. Maps can help predict what the journey will look like. Just as a map helps navigate to a destination by showing the best routes and potential obstacles, crypto charts guide traders in navigating the market by highlighting trends and potential price movements.
However, it’s not as simple as reading a map when you sit down for a trading session — reading cryptocurrency charts is part of the (rather tricky) school of crypto technical analysis that requires a lot of practice and mastery.
Indeed, you’ll need to learn how to use charts to identify patterns, such as head-and-shoulders, double tops and bottoms and triangles, which can signal potential price
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#begginers $SHIB $PEPE $PENGU are the #Memecoins🤑🤑 that everyone is talking about. Their popularity is indisputable and they can surprise you at any time. My recommendation is to buy a little of these coins just to monitor and in case of seeing profits, withdraw the entire amount to invest in coins with projects that will give you better benefits in the long term. Keep monitoring and repeat
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How to get cryptocurrency bonuses easily and fun on Binance Megadrop.
Hello crypto enthusiasts! Ready to learn about the latest Binance adventure? Meet Binance Megadrop, a mega-distribution that can turn your BNB into even more crypto treasures!
What is Binance Megadrop?
Imagine a party where instead of confetti, new tokens from promising projects are given out. Binance Megadrop is just that! It is an innovative way to get new tokens by participating in various activities on the Binance platform.
What is Binance Megadrop?
Imagine a party where instead of confetti, new tokens from promising projects are given out. Binance Megadrop is just that! It is an innovative way to get new tokens by participating in various activities on the Binance platform.
The cryptocurrencies that ChatGPT recommends for beginners in 2025 : #StopLossStrategies #begginers #Write2Earn #DiversifyYourAssets
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