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Follow these 10 rules for chart patterns: don't let losses hinder your trading journey
======^_^====== #tinduan
🚀 1. Always trade with the trend
Don't fight the trend! If the price is making higher highs and higher lows, that's an uptrend. Lower highs and lower lows? That's a downtrend. Align your trades with the trend, and you will significantly improve your odds.
🧠 2. Learn to identify support and resistance
Support is where the price stops falling. Resistance is where the price stops rising. Identifying these levels helps you time your entries and exits like a sniper.
📉 3. Respect breakout points, but wait for confirmation
Breakout points of chart patterns like triangles, flags, or rectangles are very strong. But don't rush! Always wait for a candle to close outside the pattern to confirm the breakout.
📊 4. Double tops and double bottoms are game changers
These classic reversal patterns can be gold mines. A double top indicates a reversal to a downtrend, while a double bottom means the bulls may be coming back.
📈 5. Head and shoulders = strong reversal signal
This is one of the most reliable chart patterns. When the neckline is broken, the trend often reverses. Don't overlook it!
⏳ 6. Patience will be rewarded: let patterns fully form
One of the biggest mistakes new traders make? Entering trades too early. Let the pattern develop. The clearer the pattern, the higher your success rate.
======^_^====== #tinduan
🚀 1. Always trade with the trend
Don't fight the trend! If the price is making higher highs and higher lows, that's an uptrend. Lower highs and lower lows? That's a downtrend. Align your trades with the trend, and you will significantly improve your odds.
🧠 2. Learn to identify support and resistance
Support is where the price stops falling. Resistance is where the price stops rising. Identifying these levels helps you time your entries and exits like a sniper.
📉 3. Respect breakout points, but wait for confirmation
Breakout points of chart patterns like triangles, flags, or rectangles are very strong. But don't rush! Always wait for a candle to close outside the pattern to confirm the breakout.
📊 4. Double tops and double bottoms are game changers
These classic reversal patterns can be gold mines. A double top indicates a reversal to a downtrend, while a double bottom means the bulls may be coming back.
📈 5. Head and shoulders = strong reversal signal
This is one of the most reliable chart patterns. When the neckline is broken, the trend often reverses. Don't overlook it!
⏳ 6. Patience will be rewarded: let patterns fully form
One of the biggest mistakes new traders make? Entering trades too early. Let the pattern develop. The clearer the pattern, the higher your success rate.
Tôi là một newbee. Các anh em của tôi sẽ giúp tôi cùng thành công không?#newbee #memecoin #tinduan
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Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet By Double Digits
The total crypto market saw a massive correction on Friday evening, with more than $200 billion leaving the space within hours.
The liquidations have shot up to nearly $1 billion on a daily scale, but some of the most notable losers come from the ever-volatile meme coin niche.
CryptoPotato already reported the big Bitcoin retracement that took the primary cryptocurrency from around $71,000 earlier today to a weekly low of $65,000 within minutes.
However, that’s just a part of the story as the altcoins and meme coins, in particular, have experienced even more pain within the past day.
BONK leads this adverse trend with a massive 25% drop that has pushed the popular Solana-based token to under $0.000017.
WIF follows suit with a similar decline that has further driven dogwifhat to way below $3. It’s worth noting that the meme coin recently charted a new all-time high at almost $5.
PEPE is next in line with a daily slump of 21%, followed by FLOKI (-20%), Shiba Inu (-13%), and Dogecoin (-12%).
Data from CoinGecko shows that the entire meme coin industry has lost almost 20% of its total market capitalization in the past day and is now down to $54 billion. At the same time, the total crypto market cap is down by 6.5%.
The total value of liquidated positions in the last 24 hours is at almost $900 million, according to CoinGlass. Meme coins’ crash only goes to highlight their volatile nature and that investors should be more wary when dealing with them, especially if there’s leverage trading in place.
The post Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet by Double Digits appeared first on CryptoPotato.
The total crypto market saw a massive correction on Friday evening, with more than $200 billion leaving the space within hours.
The liquidations have shot up to nearly $1 billion on a daily scale, but some of the most notable losers come from the ever-volatile meme coin niche.
CryptoPotato already reported the big Bitcoin retracement that took the primary cryptocurrency from around $71,000 earlier today to a weekly low of $65,000 within minutes.
However, that’s just a part of the story as the altcoins and meme coins, in particular, have experienced even more pain within the past day.
BONK leads this adverse trend with a massive 25% drop that has pushed the popular Solana-based token to under $0.000017.
WIF follows suit with a similar decline that has further driven dogwifhat to way below $3. It’s worth noting that the meme coin recently charted a new all-time high at almost $5.
PEPE is next in line with a daily slump of 21%, followed by FLOKI (-20%), Shiba Inu (-13%), and Dogecoin (-12%).
Data from CoinGecko shows that the entire meme coin industry has lost almost 20% of its total market capitalization in the past day and is now down to $54 billion. At the same time, the total crypto market cap is down by 6.5%.
The total value of liquidated positions in the last 24 hours is at almost $900 million, according to CoinGlass. Meme coins’ crash only goes to highlight their volatile nature and that investors should be more wary when dealing with them, especially if there’s leverage trading in place.
The post Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet by Double Digits appeared first on CryptoPotato.
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Accidentally threw away 8,000 Bitcoins, sued the city for not digging through the landfill to find them.
$BTC
Accidentally threw away 8,000 Bitcoins, sued the city for not digging through the landfill to find them.
James Howells accidentally threw away a hard drive containing 8,000 Bitcoins, estimated to be worth $600 million, while cleaning his house. He repeatedly asked the city to help him dig through the landfill to find it, but was refused.
39-year-old software engineer James Howells has filed a lawsuit against Newport City Council for more than £495 million ($647 million) in a "last-ditch effort" to retrieve 8,000 Bitcoins he threw away in the trash in 2013.
Accidentally threw away 8,000 Bitcoins, sued the city for not digging through the landfill to find them.
James Howells accidentally threw away a hard drive containing 8,000 Bitcoins, estimated to be worth $600 million, while cleaning his house. He repeatedly asked the city to help him dig through the landfill to find it, but was refused.
39-year-old software engineer James Howells has filed a lawsuit against Newport City Council for more than £495 million ($647 million) in a "last-ditch effort" to retrieve 8,000 Bitcoins he threw away in the trash in 2013.
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