I decided to conduct a small experiment: try to earn money for New Year's gifts for my family and friends using cryptocurrency trading. Initially, I wanted to start with $100, but I only managed to deposit $40, which I sent to futures. In this post, I share the results of the first days of trading. I plan to publish updates once a week.
To date, I have already had 4 days of trading. Having started with $40, I was able to increase the deposit to $96. My ultimate goal is to reach $1000.
Every day I make 1-2 trades, working both short and long. I set stop-loss and take-profit levels based on the situation on the chart, so I do not set a strict goal, for example, 20% profit per day. Everything depends on the specific coin and the current market situation.
If anyone wants to support me in achieving my goal, I will be glad, come to the comments
Write who is doing what, are you sitting on the spot or trading on futures?
November has been one of the most exciting months in crypto history. Let's take a look at why this period is causing such a stir: 1. In one day, we saw Bitcoin jump from $80,000 to $90,000, followed by a quick correction to $86,000. 2. Bitcoin ETF is showing impressive results, attracting from $600 million to $1.2 billion daily. It's just WOW!
I just don't understand why people decided to trade today?
Just think about these numbers: over the course of 24 hours, positions worth $611 million were liquidated, of which $427 million were shorts. Especially strange are the short sellers)
It was clear that today would be better spent with a book, a walk, and a break from trading.
Well, as I mentioned earlier, we went below 60k and then a new high. I expect that $BTC will be able to hold and show 80k in the coming month. I also like the growth of $SOL , I like this project, and they also expect a new high for it.
Share your thoughts in the comments, how much did you lose in trading today and what coins are you watching?
Yesterday, Bitcoin ETF attracted another $800 million on its rise. In the last 30 days, this is the largest inflow into Bitcoin ETF.
Many are saying that there are large sell limit orders in the order book, and again, many have placed shorts, while some 'unique traders' are waiting for Bitcoin at 58,000 and below.
Of course, we are already seeing a correction and a squeeze towards the support level of 72,000.
I believe that Bitcoin will make a slight squeeze below 72,000 and then will start collecting all the stop losses on the shorts. Or it might go straight to collect the stop losses on the shorts without a squeeze. If it can break 73,700 (a very important level), we will see very beautiful liquidation numbers)
Last night, short positions worth $150 million were liquidated. If we manage to break the 72,000 mark today and hold it, there are good chances to reach 74,000 and collect all the stop losses of the shorts.
I've seen a lot of different posts from traders over the week and noticed that all the stop losses are set between 72,000 and 74,000. As I mentioned earlier, if we collect the stop losses, it will act as fuel for growth. And judging by the fact that many have been caught in shorts, a cascade of stop losses will allow us to fly to 74,000.
Almost 65k traders were liquidated in the last 24 hours, the total amount of liquidations was $161 million. Moreover, shorts were liquidated for $90 million and longs for $71 million.
Fear and greed at 54% is neutral.
Bitcoin dominance is at 58.5%, while the altcoin is standing, Bitcoin is growing and sucking in capitalization. The price of Bitcoin is already $70,000 per coin.
Bitcoin ETF has brought in almost $800 million in the last 7 days.
My favorite Solana, despite all the cries about shorts and a fall, is holding on and continues to go to the level of 190. I wonder if we can break through this level and gain a foothold, we'll see soon.
I don't understand why everyone is waiting for Solana to fall? I read the news and everyone is sitting in shorts, and they are sitting in the minus and asking what to do: close or wait? Why can't anyone open a chart and see what is happening with the coin?
Look at the chart below. It is clear that the coin is now moving sideways and this impulse is going to 190, it is possible to just touch it and roll back, or there may be a breakout.
How do you take a short from the middle of the chart? There is a clear channel of $120-$190.
Conclusion: if you want to try a short, then you need to put it somewhere from 185-190 with a stop behind the level and pull it down. Putting a short in the middle is some kind of murder)
Why is it important to analyze past cryptocurrency cycles?
Analyzing past bull and bear markets is not only useful, but also necessary. It is important not only to study charts and metrics, but also to follow the opinions of bloggers and the mood of the masses on social networks. This helps to understand how to manage your investments: when to buy assets and when to take profits.
Short Liquidations: What Are They and How Do They Affect Price Growth?
A short squeeze is a phenomenon that often results in a rapid increase in the price of an asset in financial markets. Let's see how it works. What is a short position? A short position is when a trader sells a borrowed asset, expecting its price to fall. Once the price drops, the trader buys the asset back at a lower price, returns it, and locks in the profit on the difference. However, if the price starts to rise instead, the short seller's losses can be unlimited.
Which Altcoins Do I Prefer? My Investment Portfolio.
Today I want to talk about the cryptocurrencies I have invested in and share my thoughts on them. I formed my portfolio back in 2022, bought a little more in 2023 and now I am sticking to my strategy, waiting for the set goals to be achieved. For all this, I sold only a couple of coins. This is what it consists of:
Today we will look at what tapalki are and who makes money on them. Initially, the concept of tapalok appeared together with the TON cryptocurrency. The first of them – the NOT tapalok – attracted fewer players than subsequent projects, which allowed early users to make a small profit. However, as the popularity grew, new projects appeared, and today almost anyone can launch their own tapalok.
Why is Bitcoin growing while altcoins remain stagnant?
I often come across such questions, and in fact the reasons are quite obvious. Here are some key factors that explain this phenomenon:
1. Bitcoin is a leading cryptocurrency with huge support. It is the first and most famous cryptocurrency in the world with a strong community, support from top investors and tools like spot ETFs.
I recently shared my opinion on Solana's prospects, pointing to an important resistance level in the $160 area. This morning I saw my analysis come true: Solana broke through this level with one powerful candle without any pullbacks and reached $170, after which there was a small pullback.
Now the situation requires “fuel” for further growth, and two scenarios are possible:
1. Accumulation: a small consolidation in the $160-190 range with a subsequent attempt to break the $190 level.
2. Fuel for shorts: an increase in the number of shorts that can be quickly liquidated, which will create additional momentum for a breakout of the $190 level.
Conclusion: I believe that Solana can break the $190 mark in the next 1-2 weeks, based on a combination of factors.
Dogecoin Analysis: Is the Market Ready for a New Leap?
Dogecoin has shown impressive growth over the past few days, rising 45% and reaching a key resistance level at $0.14. This level has been tested many times: in mid-2023, we saw a sharp breakout, but it was short-lived and the price quickly rolled back to $0.10. In 2024, $Dogecoin broke through $0.14 again, held in a range, and reached a new resistance level around $0.175, but again faced a sell-off amid investor fatigue.
“Why many people get “unwound” in futures and how to avoid it”
Lately I often see comments from newbies: "A $50 deposit evaporated on futures", "The coin went the wrong way, and I'm in the red", "I entered on a signal, and the market went in the opposite direction." These stories are repeated over and over again. The problem is that many new traders, inspired by YouTube videos or posts about big profits on futures, start trading without even learning the basic principles. As a result, they lose their deposits.
Solana is approaching an important level in the $160 per coin area. If you look at the chart, you can see that the price approached this level and rolled back several times, but each subsequent fall was smaller, forming a triangle with a squeeze to the upper zone.
Possible scenarios: -Breakthrough of the $160 level: If it manages to break through this level and consolidate above, a small trade in the $160-$190 range is expected. - Unsuccessful breakout: In case of failure, a fall down to the $120 area is likely.
Conclusion: Given the current macro indicators and the absence of negative events, I believe that Solana will be able to break through the $160 level and, possibly, overcome $190, and then - only a higher)
Share your opinion in the comments, let's discuss together!
Today the market turned red. But this is not a reason to panic, but a great opportunity for those who wanted to buy more coins, but did not dare. Such moments are rare, and now is the time to take advantage of the situation. History shows that after the halving in October, there was always growth, followed by all the cryptocurrency.
There is panic on social networks, no one understands what is happening. Someone is hastily selling at a loss, someone is frantically looking for answers on YouTube. And someone is shorting and making money!
My opinion: if you are prone to panic, cryptocurrency is not your path. Those who have experienced at least one serious fall, for example, like in 2022, have already hardened and calmly perceive slight corrections.
Personally, I bought a few coins and am enjoying my vacation with a clear conscience.
DeFi Market Rebounds From 30-Month Low, Volumes Reach Highest Since March
Decentralized finance (DeFi) is once again showing signs of recovery from a 30-month low. Trading volumes have reached their highest level since March, with the total value of assets locked up in DeFi protocols rising from $35.8 billion to $42 billion in two weeks.
The rise is due to rising asset prices and new inflows aimed at generating income through staking and borrowing #defi #CryptoNewss $BTC
Solana continues to solidify its position as one of the leading platforms for Web3 development. With its high throughput and low fees, Solana is attracting more and more developers and projects.
Solana recently introduced new tools and libraries, such as **@solana/web3.js**, which make it much easier to build and integrate decentralized applications.
These tools allow developers to easily interact with the Solana network, manage accounts, and process transactions.
In addition, Solana is actively collaborating with various projects and companies to advance Web3 and improve the blockchain infrastructure.
These efforts help create a more open, decentralized, and secure internet ecosystem.
How one Bitcoin fan lost his wallet... in a pizza!#BTC☀️
Last week, one crypto enthusiast decided to celebrate the rise of Bitcoin with pizza. He ordered a huge pizza and thought it would be funny to hide a flash drive with his Bitcoin wallet inside the box, so he could take a photo and post it on social media. But here's the problem - in the midst of the pizza party, he forgot about his creative idea and threw the box and wallet in the trash! When he remembered and ran to the trash bins, they had already been taken out. As a result, the happy garbage man became the owner of a Bitcoin fortune.