With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
1. Shorts Only I focus exclusively on short positions. Why? Because I’ve observed consistent patterns where breakouts or pumps tend to reverse after hitting key resistance levels. Specializing in shorts allows me to refine my skills and develop a deeper understanding of market behavior in these scenarios.
2. Planned Entries My entries are based on where I believe the price will reverse. For example, if I see an asset like $FXS approaching $3.50 or $4.30, I anticipate a pullback at these levels. Instead of guessing, I plan my trades logically and execute them with precision.
3. Risk Management and DCA
Risk Management: I ensure that no single trade risks more than I’m willing to lose. This protects my capital and keeps emotions in check.
DCA (Dollar Cost Averaging): I scale into positions at predefined levels. If I short at $3.50 and the price moves up to $4.30, I add to my position rather than panic. This strategy allows me to mitigate risk and maximize returns.
4. Data Over Emotion The key to my success is data. I don’t trade based on hunches or hope. I analyze the market, identify patterns, and make informed decisions. When I deviate from my strategy and let emotions take over, that’s when losses happen.
The Results Speak for Themselves
Out of over 300 trades since March 2024, I’ve had fewer than 10 losses. And those losses? They weren’t due to flaws in my strategy—they were caused by emotional decisions. This underscores the importance of sticking to a plan and trusting the data.
What Makes This Strategy Work
1. Logic and Math: Trading isn’t guesswork. It’s about probabilities. I use data to support my decisions, just like the whales do.
2. Consistency: By sticking to a single approach and refining it over time, I’ve developed a reliable edge.
3. Discipline: Emotional control is everything. The market rewards discipline and punishes impulsiveness. $FXS #BinanceAlphaAlert
The cryptocurrency market is experiencing intense volatility, marked by massive liquidations primarily in over-leveraged long positions. This suggests that market participants were overly bullish, leading to forced closures as prices dropped sharply.
Key Analysis Points:
1. Liquidation Surge:
Liquidation events are often triggered when traders use excessive leverage, and price moves against them beyond their liquidation price.
The reported $1.17 billion liquidation volume is indicative of market stress, reflecting overconfidence in bullish sentiment.
2. Critical Support Levels:
$92K: If this support level breaks, it signals weakened buyer confidence, potentially accelerating a drop to $90K, the next psychological and technical support.
Strong support levels can provide opportunities for short-term rebounds, but failing to hold them could indicate prolonged bearish momentum.
3. Bearish Structure:
Consistent lower lows suggest sellers are in control, with no clear signs of reversal yet.
The overall market trend remains bearish, supported by liquidations and declining market sentiment.
4. Psychological Impact:
The round number $90K serves as a significant psychological level. A breach of this could lead to panic selling, but it may also attract institutional buyers looking for discounts.
Strategy for Traders:
Short-term Traders: Consider trading with reduced leverage and tight stop-loss orders to manage risk in this volatile environment.
Long-term Investors: Wait for the market to stabilize before making significant entries. Look for confirmation of support levels holding before adding to positions.
Scenario Planning:
If $92K holds, we could see a relief rally toward $95K–$96K.
If it breaks, expect a move toward $90K or lower, potentially triggering further liquidation cascades. $BTC $XRP
MARKET UPDATE: $VET ➖➖➖➖➖➖➖ VET is retesting the horizontal support level. A successful retest and bounce from this level would confirm a bullish outlook, signaling potential upward momentum.
Conversely, a decisive candle close below the horizontal support could indicate the onset of a correction, suggesting a bearish turn in the market sentiment. ➖➖➖➖➖➖➖ Follow for more ✨️
3️⃣ MicroStrategy and US spot ETFs each acquired approximately 200,000 BTC.
This shows a significant redistribution of BTC supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.
Today, I’m sharing my thoughts and experiences on futures trading—a must-read for anyone starting small! 📚
Growing small capital in futures trading is challenging but achievable with discipline, strategy, and proper risk management. Let’s break it down step by step:
---
Step 1️⃣: Start Small and Use Low Leverage
Your primary goal is consistent growth, not overnight riches.
Why use low leverage? High leverage increases risk and can wipe out your capital.
The market’s in chaos—alts are crashing, fear is everywhere, and panic is spreading like wildfire. But here’s the kicker: this is exactly when the tables start to turn.
Being in the market for years teaches you one thing—emotions are weapons. Most people let fear and doubt break them. You? You use them to your advantage.
When the market messes with your head, it’s a game of chess, not checkers. Extreme fear? That’s your signal. Confusion? That’s your edge. When doubt creeps in, it’s the market’s way of telling you a big move is coming.
Pair this with technical analysis and sentiment reading, and you’re playing on a whole new level. Master the fear. Dominate the market.
Because the truth is simple: the ones who stay calm in chaos are the ones who win.
Shakeouts are part of the game. They are designed to scare retail investors into selling, while whales seize the opportunity to accumulate assets at lower prices.
Shakeouts are opportunities for accumulation, not to panic.
$BTC In November, Long-Term Holders (LTHs) are experiencing a dramatic shift in their profit-to-loss ratio, primarily because almost all of their held Bitcoin is now in a profitable position. This indicates a strong market sentiment where nearly all LTH-held Bitcoin has appreciated in value. Historically, such periods of euphoria can persist for several months, provided there is continuous and significant new demand entering the market. The current scenario suggests a robust and optimistic Bitcoin market dynamic. #BinanceHODLerMOVE #2024withBinance
Current Phase: Likely in Wave 4, consolidating between $0.00002460 (support) and $0.00002700 (resistance). A breakout or breakdown will confirm the next move.
---
Key Scenarios
1. Bullish (Wave 5 Continuation):
Trigger: Break above $0.00002700.
Targets: $0.00002754, then $0.00002800.
Stop-Loss: Below $0.00002460.
2. Bearish (ABC Correction):
Trigger: Break below $0.00002460.
Targets: $0.00002400, then $0.00002160.
Stop-Loss: Above $0.00002520.
---
Conclusion: Watch for a breakout above $0.00002700 to confirm bullish momentum or a breakdown below $0.00002460 for deeper retracement. $PEPE #ElliottImpulsive #MemeWatch2024
#2024WithBinance In 2024, Binance has continued to solidify its position as a global leader in the cryptocurrency industry. The platform has introduced innovative features, enhanced security measures, and expanded its reach to new markets. Binance has played a significant role in promoting blockchain education, launching impactful initiatives, and fostering the adoption of digital currencies worldwide. Its commitment to innovation and user experience has made it a trusted name in the ever-evolving world of crypto.
What’s Happening? $LAZIO is on fire! 🔥 It’s up +5.66% in the last 24 hours, +16.42% this week, and a jaw-dropping +70.22% over the last 90 days. Clearly, bulls are running the show.
Why ? 📊 Solid 24-hour volume: $8.84M 🪙 Low circulating supply: 8.60M 🌟 Room for growth with a market cap of just $17.75M
Targets: $2.30 lines up with recent resistance, while $2.60 is the next big hurdle if the bullish vibes continue.
Pro Tips: ✔️ Dollar Cost Averaging (DCA) in the $1.80 - $1.90 range can be a safer way to play. ✔️ Keep your Stop Loss tight at $1.47 to minimize risks (-30%). ✔️ Remember, crypto moves fast—don’t overleverage, especially with futures.
⚠️ DYOR (Do Your Own Research) and manage your risk. High volatility = high stakes!
💡 Found this signal helpful? Feel free to trade by clicking my mentions.
A whale’s $3.64M purchase of 240B $PEPE tokens at its peak on May 29, followed by a rapid price drop, highlights the volatile nature of crypto markets. While the whale may signal long-term confidence, the move triggered profit-taking and sentiment shifts among investors.
Key Insights:
1. Whale Moves Matter: Large acquisitions can influence market sentiment but often precede unpredictable reactions.
2. Avoid Hype Chasing: Retail investors must exercise caution; a whale’s risk tolerance often far exceeds theirs.
3. Market Volatility: Meme tokens like $PEPE remain highly speculative, emphasizing the need for diversification and disciplined investing.
This event underscores the importance of staying informed and making independent, calculated decisions in the crypto space.
🚨 XRP Whale Alert: $52M XRP Acquired from Binance! 🚨
A massive whale just scooped up 21.77M XRP tokens (~$51.94M) from Binance, igniting excitement across the market. Such large transactions often signal bullish sentiment, with whales strategically accumulating during dips.
🐋 Why You Should Act Now:
1. FOMO Potential: Whales sense opportunity—do you?
2. Discounted Entry: XRP is at a key level, ideal for long-term gains.
3. Momentum Brewing: Whale moves often spark market rallies!
---
🔥 Earn Big with GMT’s Voting Burn Mechanism! 🔥
60-Day Lock: Stake GMT to vote in governance decisions, fostering long-term commitment.
100M GMT Reward Pool: More tokens and longer staking = bigger rewards!