Poor_Billionaire_98
I am not professional and i don't give advice, nor signals, I provide news and I hope it'll benefit you.
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What is ADL indicator, what it meant when it is all red.?
I am seeing so many $FUN high funding posts, why the hell you guys do futures if you don't know what is funding rate, you guys don't have eyes.
Don't trade in coins that have high funding rate and if you want to trade then watch for funding rate, do scalping instead,
#FundingRates
Don't trade in coins that have high funding rate and if you want to trade then watch for funding rate, do scalping instead,
#FundingRates
I am not sure why but there are very less shadows, and it feels so weird, what's the myth..?
$BTC
$BTC
$BTC Analysis: Double Supply Concept
Just Wow! back in Nov 21 to Jul 22
I was practicing Demand and Supply Concepts for reversals and found this.
🔍 Price Movement:
Bitcoin has seen significant volatility, peaking over $70,000 and dropping to around $18,000.
📊 Market Structure:
Key "low-high" and "low-low" levels highlight crucial swing points, with "CHOCH" (Change of Character) suggesting a potential trend reversal might be near.
#bitcoin #CryptoAnalysis #Trading
Just Wow! back in Nov 21 to Jul 22
I was practicing Demand and Supply Concepts for reversals and found this.
🔍 Price Movement:
Bitcoin has seen significant volatility, peaking over $70,000 and dropping to around $18,000.
📊 Market Structure:
Key "low-high" and "low-low" levels highlight crucial swing points, with "CHOCH" (Change of Character) suggesting a potential trend reversal might be near.
#bitcoin #CryptoAnalysis #Trading
Day 03 of Learning Trading 😊
Needed Volume and Candle Formation:
When a price candle (like a bar or a candlestick) is formed in the market, it often has an associated volume that indicates how much trading activity occurred during that period. If a candle closes with lower-than-expected volume, traders may note this as a "volume gap."
Market Reversion:
The theory is that if there’s a significant volume that was not traded during that candle (i.e., needed volume), the market may later return to that area to "fill" the volume. This means that as the market moves, traders might see a pullback or retracement back to that price level where the volume was insufficient, allowing for more trades to occur.
The Chart is of $BTC on 4h time frame
#Trading #learntogether
Needed Volume and Candle Formation:
When a price candle (like a bar or a candlestick) is formed in the market, it often has an associated volume that indicates how much trading activity occurred during that period. If a candle closes with lower-than-expected volume, traders may note this as a "volume gap."
Market Reversion:
The theory is that if there’s a significant volume that was not traded during that candle (i.e., needed volume), the market may later return to that area to "fill" the volume. This means that as the market moves, traders might see a pullback or retracement back to that price level where the volume was insufficient, allowing for more trades to occur.
The Chart is of $BTC on 4h time frame
#Trading #learntogether
Day 2 of Learning Crypto Trading
Today, I dedicated my time to practicing the drawing of support and resistance levels, as well as trend lines on TradingView for various cryptocurrencies. Here are my key takeaways:
Resistance: I’ve learned that resistance occurs when sellers push the price up, followed by a subsequent downturn. This bouncing pattern can occur repeatedly, and a breakout above this resistance can signal the start of a bullish trend.
Support: In contrast, support is established when sellers pull the price down, but at some point, buyers intervene to prevent further declines and stabilize the price. A breakdown below this support level may lead to a bearish trend.
Trend Lines (Bullish/Bearish): Trend lines are essential tools that help identify potential trend changes, such as transitions from bearish to bullish markets.
This practice has significantly enhanced my technical analysis abilities and improved my understanding of market behavior. I’m excited to apply these concepts as I continue my journey in crypto trading!
#CryptoEducation #TechnicalAnalysis_Tickeron #TradingView #CryptoTrading
Resistance: I’ve learned that resistance occurs when sellers push the price up, followed by a subsequent downturn. This bouncing pattern can occur repeatedly, and a breakout above this resistance can signal the start of a bullish trend.
Support: In contrast, support is established when sellers pull the price down, but at some point, buyers intervene to prevent further declines and stabilize the price. A breakdown below this support level may lead to a bearish trend.
Trend Lines (Bullish/Bearish): Trend lines are essential tools that help identify potential trend changes, such as transitions from bearish to bullish markets.
This practice has significantly enhanced my technical analysis abilities and improved my understanding of market behavior. I’m excited to apply these concepts as I continue my journey in crypto trading!
#CryptoEducation #TechnicalAnalysis_Tickeron #TradingView #CryptoTrading
Technical Analysis: Cup and Handle Pattern for $ENA
Exciting developments for ENA$ENA as we observe a classic cup and handle pattern! After several months of steady price movement, we've successfully broken out above the resistance level at $1.10.
Key highlights to monitor:
Neckline breakout confirmed at $1.10 ✅Strong volume backingthe move!
Next significant target: $1.53 🎯
What makes this pattern particularly noteworthy is the clear accumulation phase we've experienced since September, culminating in this decisive breakout. The handle’s formation has been quite shallow, which is often seen as a bullish indicator.
However, it's important to remember that no pattern is foolproof, and maintaining proper risk management is crucial! What are your thoughts on this setup? Are there specific levels you're keeping an eye on? 📊
#ENA #TechnicalAnalys
Exciting developments for ENA$ENA as we observe a classic cup and handle pattern! After several months of steady price movement, we've successfully broken out above the resistance level at $1.10.
Key highlights to monitor:
Neckline breakout confirmed at $1.10 ✅Strong volume backingthe move!
Next significant target: $1.53 🎯
What makes this pattern particularly noteworthy is the clear accumulation phase we've experienced since September, culminating in this decisive breakout. The handle’s formation has been quite shallow, which is often seen as a bullish indicator.
However, it's important to remember that no pattern is foolproof, and maintaining proper risk management is crucial! What are your thoughts on this setup? Are there specific levels you're keeping an eye on? 📊
#ENA #TechnicalAnalys
Be careful, as $XRP is currently fighting at the support level and could go further bearish if it break the support level.
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