The MFI (Money Flow Index) is a technical indicator used to analyze price and volume movements together to determine the strength of money flow in and out of an asset. It is similar to the RSI indicator but also takes volume into account.
Here’s how to use the MFI indicator on the Binance platform for day trading:
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1. Adding the indicator to the chart:
Open the Binance platform and select the currency you want to analyze.
Click on "TradingView" on the chart.
From the top, select "Indicators" and search for "Money Flow Index" then click on it to add it.
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2. MFI Settings (default):
The common time period is 14 days or 14 candles (can be adjusted according to your strategy).
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3. How to read MFI:
Above 80 = Overbought zone → the price may be about to drop.
Below 20 = Oversold zone → the price may be about to rise.
The area between 20-80 → Normal movement.
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4. Entry and exit signals:
Buy signal:
MFI below 20 then starts to rise.
It is preferable to confirm the signal with other indicators like RSI or reversal candles.
Sell signal:
MFI above 80 then starts to drop.
Also, it is preferable to have another confirmation (like EMA crossover or reversal candle).
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5. Quick strategy using MFI + RSI or MACD:
Trade on a 15-minute or 1-hour frame.
Enter a buy position when:
MFI is below 20 and starts to rise.
RSI is below 30 and starts to rise or MACD gives a positive crossover.
Enter a sell position when:
MFI is above 80 and starts to drop.
RSI is above 70 or MACD gives a negative crossover.
"💡 Did you know that trading using indicators like MACD and RSI can help you identify the best entry and exit points? 🚀 When the MACD crosses the zero line, it could be a signal of a change in trend. 💥 And if the RSI is above 70 or below 30, it may indicate that the market is overbought or oversold. 🔑 The secret lies in combining these indicators with technical analysis and achieving a balance between risk and reward. Have you tried these strategies before? 💬"
Basics of Cryptocurrency Trading: Your Guide to Getting Started on Binance
Cryptocurrency trading has become one of the most popular ways to invest and profit in recent years. With the variety of cryptocurrencies and platforms offering trading services, Binance stands out as one of the largest and most well-known platforms in this field. In this article, we will learn how to start trading using Binance and the key basics you need to know.
#Xrp🔥🔥 Cryptocurrency trading is the buying and selling of currencies like Bitcoin and Ethereum with the aim of making a profit from price fluctuations. Before you start, open an account on a reliable platform like Binance and begin with a demo account to learn. Use technical analysis to understand market movements, and don't neglect risk management by setting stop-loss limits. Avoid trading on emotions and start with small amounts. Keep up with daily news and updates as they significantly impact currency prices.#CryptoTariffDrop $XRP $ETH #MarketRebound $BNB #VoteToDelistOnBinance
Trading and how to trade. Over time, you will discover that trading is not luck, but a science that you learn over time and from your mistakes to become successful in trading. You must learn every day and discover everything that makes you a skilled trader. If you learned something in trading, it is about gathering information to make a successful spot trade. Yes, spot trading because the rest is prohibited. Good luck to all. The MACD (Moving Average Convergence Divergence) indicator is one of the most popular technical indicators used in technical analysis of financial markets, especially in day trading. It is used to determine the trend direction, momentum, and potential entry and exit points. It consists of 3 main elements:
1. MACD Line: The difference between the exponential moving average (EMA) of 12 periods and 26 periods.
2. Signal Line: Exponential moving average (EMA) of the MACD line itself, usually over 9 periods.
3. Histogram: Represents the difference between the MACD line and the Signal line. When the MACD is above the Signal line, the histogram is positive, and vice versa.
Trading Signals:
Buy: When the MACD line crosses the Signal line from below to above.
Sell: When the MACD line crosses the Signal line from above to below.
Divergence: When the price direction contradicts the MACD direction, it may indicate a potential reversal in trend.
The MACD (Moving Average Convergence Divergence) indicator is one of the most popular technical indicators used in financial market analysis, especially in day trading. It is used to determine the trend direction, momentum, and potential entry and exit points. It consists of 3 main components:
1. MACD Line: The difference between the 12-period and 26-period Exponential Moving Averages (EMA).
2. Signal Line: The Exponential Moving Average (EMA) of the MACD line itself, usually over 9 periods.
3. Histogram: Represents the difference between the MACD line and the Signal line. When the MACD is above the Signal line, the histogram is positive and vice versa.
Trading Signals:
Buy: When the MACD line crosses the Signal line from below to above.
Sell: When the MACD line crosses the Signal line from above to below.
Divergence: When the price direction contradicts the MACD direction, it may indicate a potential reversal in trend.
The concept of liquidity on Binance (or in any financial market) refers to the ease of buying or selling assets (like cryptocurrencies) without causing a significant change in price.
The higher the liquidity, the easier it is to execute buy and sell orders quickly with lower spreads.
The Relative Strength Index (RSI) is a technical tool that helps you determine whether a currency is in a state of oversold or overbought, which can provide signals about the likelihood of price rising or falling.
___ Potential Buy Signals through RSI
How to know that the currency "might" rise using RSI:
When the RSI is below 30:
This indicates that the currency is in the oversold area.
In this case, there is a possibility that the price will start to rise soon, especially if the RSI starts to rise again.
It is best to wait for the RSI to break above the 30 level, as this provides a stronger confirmation of the beginning of an upward movement.
___ Positive Divergence
Appearance of Positive Divergence:
This occurs when the price makes a new low, but the RSI does not make a new low.
This could be a signal of weakening downward momentum and the possibility of starting to rise.
___ Crossing with Moving Averages
Crossing with Averages (if you are using EMA with RSI):
If a bullish crossover occurs between the price and the EMA, and the RSI is below 30 and starts to rise, this is a stronger buy signal.
___ Important Warnings
Alert:
RSI is not usually used alone to make buying or selling decisions.
It is better to use it with other indicators like MACD or EMA, or with price patterns (like support and resistance).$BTC #BTCBelow80K $XRP $ETH
Yes, spot trading in cryptocurrencies can be permissible (halal) if conducted according to Sharia guidelines.
Here are the details:
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___ Definition of Spot Trading
What is spot trading?
It is the immediate buying and selling of cryptocurrencies, where the currency is delivered immediately after purchase (i.e., transferred to your wallet), without delay or borrowing.
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___ Reasons for the Permissibility of Spot Trading
Why is spot trading considered permissible?
Because it meets the following conditions:
1. Immediate buying and selling (hand-to-hand transaction): The currency is delivered immediately, which is a fundamental condition in financial transactions in Islam, especially when it is between two currencies.
2. No Riba (usury): It does not involve leverage or interest.
3. No Gharar (excessive uncertainty) or gambling: As long as the trader acts rationally and knowledgeably, and not randomly or as a gambler.
4. It does not rely on prohibited contracts such as derivatives or options.
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When is Spot Trading not permissible?
If it is used with leverage even if it is in the spot trading section.
If the currency itself is prohibited or questionable.
If trading occurs in a gambling manner or with excessive speculation without analysis or study.
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Conclusion:
Yes, spot trading is permissible on the condition that:
You trade with your actual funds without loans or interest.
You buy and sell legitimate cryptocurrencies.
The transaction occurs immediately without delay in delivery.
$BTC The sharp decline in the price of Bitcoin today may raise questions about whether this is just a temporary correction or the beginning of a broader downtrend. The expectation of a price rise after the drop depends on several factors, including:
1. Technical Analysis (short-term)
If the price rebounds from strong support (for example, the 78,000 or 76,000 area), we may see a bounce upwards.
Indicators like RSI if in an oversold area (below 30), this supports the possibility of a rebound.
MACD if showing signs of a bullish crossover, this is also a positive signal.
2. Fundamental Analysis (medium and long-term)
There is concern in the market about bond volatility and its impact on risk assets like crypto.
However, on the other hand, there is expected momentum from the upcoming Halving event (expected in April), which often supports the upward trend after a short period of volatility.
3. Market Psychology
Many investors view any sharp decline as a buying opportunity, especially before major events like the Halving.
But if a break occurs below important support levels without a rebound, selling may increase due to fear.