Magnar1
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Step-by-step plan for creating a bot for a deposit of $500-2000:
#CryptoComeback to everyone in the world and profit
I read a lot about how users do not have enough time to watch their phone all day waiting for that pump or dump. I propose a step-by-step strategy for creating a trading bot:
Step 1. Choosing a pair for trading
• Choose an asset with good volatility, but sufficiently liquid.
I read a lot about how users do not have enough time to watch their phone all day waiting for that pump or dump. I propose a step-by-step strategy for creating a trading bot:
Step 1. Choosing a pair for trading
• Choose an asset with good volatility, but sufficiently liquid.
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determine the strength of momentum and the level of support or resistance
To determine the strength of momentum and the level of support or resistance, it is important to consider several factors:
1. Strength of momentum
Momentum is the rate of change of price. It shows how fast the price is moving in a certain direction.
How to determine the strength of momentum?
• Candles: Long candle bodies without shadows (or with small shadows) indicate strong momentum.
1. Strength of momentum
Momentum is the rate of change of price. It shows how fast the price is moving in a certain direction.
How to determine the strength of momentum?
• Candles: Long candle bodies without shadows (or with small shadows) indicate strong momentum.
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Important technical indicator EMA, application features (Golden Cross, Death Cross)
EMA Cross (Golden Cross & Death Cross)
Example:
• Golden Cross (bullish signal): When the short EMA (e.g., 50) crosses above the long EMA (e.g., 200), it signals a potential upward trend.
• Death Cross (bearish signal): The opposite situation – when EMA-50 crosses below EMA-200, indicating a potential price drop.
Example:
• Golden Cross (bullish signal): When the short EMA (e.g., 50) crosses above the long EMA (e.g., 200), it signals a potential upward trend.
• Death Cross (bearish signal): The opposite situation – when EMA-50 crosses below EMA-200, indicating a potential price drop.
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Accumulation and Distribution Cluster Chart + Indicators
To understand whether accumulation (active position building) or distribution (position unloading) is occurring, several factors should be considered:
1. Volume analysis in conjunction with price
• If volume increases while price remains sideways → Accumulation (large players buy the asset, preventing the price from rising significantly).
1. Volume analysis in conjunction with price
• If volume increases while price remains sideways → Accumulation (large players buy the asset, preventing the price from rising significantly).
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Reversal Signals
Reversal signals help identify moments when the trend may change. They are divided into candlestick, technical, and volume signals.
1. Candlestick reversal signals
These patterns show the weakening of the current trend:
• Pin Bar – a long shadow (wick) and a small body of the candle indicate rejection of the level.
1. Candlestick reversal signals
These patterns show the weakening of the current trend:
• Pin Bar – a long shadow (wick) and a small body of the candle indicate rejection of the level.
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If the candle is bullish (closing above opening) and it has equal shadows above and below, this indicates a struggle between buyers and sellers. However, if the price goes up after this candle, it gives important signals.
Possible interpretations:
1. Candle of uncertainty (e.g., 'Doji' or 'Spinning top')
Buyers and sellers actively fought, but in the end, the close is above the open.
If the next candle is confidently bullish, it confirms the continuation of the uptrend.
2. Testing support/resistance level
If such a candle appears at a strong support level, it may mean that the price tested the lows, but in the end, the buyers held it.
If the price goes up after this — it’s a bullish signal.
3. False breakout (market makers' manipulation)
If there was a strong downward impulse before this candle, such a candle can be a reversal.
How to confirm the uptrend?
The next candle should be confidently bullish.
Volumes: an increase on high volumes strengthens the signal.
Indicators (RSI, MACD): if they confirm the bullish momentum, the growth is more likely.
$BTC $ETH #TradingSignals #StrategicTrading
Possible interpretations:
1. Candle of uncertainty (e.g., 'Doji' or 'Spinning top')
Buyers and sellers actively fought, but in the end, the close is above the open.
If the next candle is confidently bullish, it confirms the continuation of the uptrend.
2. Testing support/resistance level
If such a candle appears at a strong support level, it may mean that the price tested the lows, but in the end, the buyers held it.
If the price goes up after this — it’s a bullish signal.
3. False breakout (market makers' manipulation)
If there was a strong downward impulse before this candle, such a candle can be a reversal.
How to confirm the uptrend?
The next candle should be confidently bullish.
Volumes: an increase on high volumes strengthens the signal.
Indicators (RSI, MACD): if they confirm the bullish momentum, the growth is more likely.
$BTC $ETH #TradingSignals #StrategicTrading
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Choosing cryptocurrencies for futures trading on Binance
Choosing cryptocurrencies for futures trading on Binance depends on many factors, including liquidity, volatility, trend, fundamental background, and technical indicators. Here is a step-by-step methodology that will help select the best instruments for trading:
1. Asset filtering
1. Asset filtering
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Using KDJ to Determine Impulse
When the three KDJ lines (K, D, and J) converge at one level, it means the market is in a state of balance with no clear impulse either up or down.
What could this mean?
1. Market in a flat
• If the three lines are moving horizontally and close to each other, it indicates low volatility and a lack of strong trend.
What could this mean?
1. Market in a flat
• If the three lines are moving horizontally and close to each other, it indicates low volatility and a lack of strong trend.
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How to distinguish a breakout from a false breakout on a cluster chart?
When the price breaks through the support/resistance level, it is important to understand whether the movement will continue or whether it is a trap. Let's analyze it step by step.
1. Volume and delta at the moment of breakout
• True breakout → high volume + delta confirms move
• On breakout down: large selling volume (negative delta)
1. Volume and delta at the moment of breakout
• True breakout → high volume + delta confirms move
• On breakout down: large selling volume (negative delta)
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