Benny Shamburger CexJ

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.

If you're new to trading, understanding basic candlestick patterns is a powerful first step. The chart above introduces these foundational tools, which can guide traders in interpreting market sentiment and spotting potential price movements. Whether aiming to catch a bullish breakout or avoid a bearish reversal, these patterns offer valuable insights and opportunities to profit. On a fast-paced 5-minute chart, quick, informed decisions are essential, and recognizing key formations can make the difference between a successful trade and a loss. Beginners can benefit greatly from focusing on core patterns like the Doji, Engulfing, and Hammer to enhance decision-making in dynamic market conditions.
Key Bullish and Bearish Patterns to Watch For
For quick trades, mastering patterns like Bullish Engulfing and Bearish Engulfing is essential. A Bullish Engulfing pattern appears when a smaller red (bearish) candle is followed by a larger green (bullish) candle, signaling potential upward momentum. This suggests that buyers are overpowering sellers, which often points to a price increase. On the other hand, a Bearish Engulfing pattern indicates the reverse, where a bullish move is overtaken by sellers, hinting at a possible price drop. Spotting these patterns on a 5-minute chart can help you enter or exit positions before major price changes unfold.
Profitable Use of Candlestick Patterns
Concentrating on these patterns during active trading hours can help you time your trades for consistent, incremental gains. For instance, recognizing a Morning Star — a pattern that signals a potential reversal from a downtrend to an uptrend — can allow you to buy low and sell high within minutes. Similarly, identifying a Shooting Star at market highs can prompt a well-timed sell, letting you secure profits before a price drop. As you become skilled in spotting these formations, you can gradually increase your earning potential to $20 or more in a single trading session, especially when trading high-volume assets like popular cryptocurrencies.
#CryptoAMA