#CEXvsDEX101 CEX - Central Exchanger as like Binance DEX - | sajib5700 on Binance Square

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#CEXvsDEX101 CEX - Central Exchanger 
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DEX - Decentralization Exchanger 
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$BTC Technical Analysis from 4Hour chart 1. Candlestick Patterns Say Pattern- A bullish engulfing candle appeared after the price retraced to the support level around 105,800$ which may push toward a potential bullish reversal. A hammer candle formed at the same support level, reinforcing the likelihood of a bullish bounce. 2. Technical Indicator's Say RSI-Moving around the level of 40's, indicating market is neither in overbought nor at oversold conditions, providing room for movement in either direction. MACD Indicator- Shows a potential bullish crossover which may support positive momentum in hours to come 3. Support and Resistance Levels Say Support- A strong support level(105800$) that has been recently tested. Resistance- A nearby resistance level(106800$) that the price may test if the bullish momentum continues. Conclusion in Nutshell- Bullish Scenario- If the price continues to hold above the support level of 105,800$, we may see an attempt to break the resistance at 106,800$, which might open the way to higher levels such as 108,000$. Bearish Scenario- If the price breaks below the support level of 105,800$, it may test lower support levels such as 104,500$.

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#TradingTypes101 1. Hammer Candle Appears at the end of a downtrend and indicates a potential reversal towards the upside. 2. Hanging Man Candle Similar to the Hammer but appears at the end of an uptrend, which may indicate a reversal towards the downside. 3. Doji Candle Indicates a state of indecision in the market, where the opening and closing prices are very close. 4. Bullish Engulfing Candle Consists of two candles, where the second bullish candle engulfs the body of the first bearish candle, indicating a potential price rise. 5. Bearish Engulfing Candle The opposite of the bullish engulfing, indicating a potential price drop. 6. Morning Star Pattern Consists of three candles and indicates a reversal from a downtrend to an uptrend. 7. Evening Star Pattern The opposite of the Morning Star, indicating a reversal from an uptrend to a downtrend.

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