I looked at their liquidations first, so to speak, they did not leave longcu, they wiped it out in this coin.
I cannot comment because the whales are very horizontal.
While there are purchases on Coinbase, Binance tends to sell both derivatives and spot, and since Binance is much higher in terms of volume, a decline is inevitable.
Buy orders have been placed at 6.01 derivative and 6.15 spot, these levels can be followed.
#BTC #Bitcoin Current view. He retested on the blue train. If this resistance continues to act as support, that is, as long as the trend does not break down, there is no problem and the targets are in order. 📌65.5K 📌67K 📌73K There will be levels.
#BTC #Bitcoin Current view. He retested on the blue train. If this resistance continues to act as support, that is, as long as the trend does not break down, there is no problem and the targets are in order. 📌65.5K 📌67K 📌73K There will be levels.
Fundamentals of the crypto industry: What is Halving? How does it affect cryptocurrency prices?
The halving event, which occurs periodically in some cryptocurrency networks, especially Bitcoin, is one of the most important events in the functioning of the Blockchain network. This event, which directly affects people and institutions carrying out IT activities, called cryptocurrency miners, is also closely followed by crypto investors. Halving means the halving of the mining reward in Blockchain networks operating on the proof-of-work consensus mechanism. This event, which roughly reduces the supply of crypto money, increases the upward trend of the price due to the increase in demand. Bitcoin is the first Blockchain network to implement halving as the first cryptocurrency. When Bitcoin was released in 2009 by its still-mysterious developer, Satoshi Nakamoto, the mining reward was 50 BTC. With the reward halving, which takes place every 4 years, the block reward was reduced to 25 BTC in 2012, 12.5 BTC in 2016, and 6.25 BTC in 2020. While miners currently earn 6.25 BTC for each block they mine, this amount will decrease to 3,125 BTC with the 4th reward halving that will take place on the Bitcoin network in 2024. #Binance #Bitcoin #Halving! #ETH
Because a low volume formation means an indecisive market. In an undecided market, the outcome is not clear. That's why every time the candle crosses the strength or the bars, we first look at the volume. If his volume is strong, we'll see, hmmm, it's not fake for a while and he wants to decisively break his trend and go his own way.
Many times traders make such a mistake that the candle hasn't broken the power yet, but they open long positions until the red candle lights up and the trader says "I'm so unprofitable. I buy, it falls, I sell, it rises." enters into this mentality.
Because of that, when we break the trend, we should first take it to Volume!!!
RSI is a buy and sell indicator. His account is still complicated so don't worry too much about it. This is what you need to know. When the RSI falls below the level of 30, it indicates that oversold has occurred in that coin and there is a high probability of receiving a reaction. If the RSI rises above 70, it indicates that the coin is overbought and is likely to make a downward correction.
Sometimes when buying increases, RSI goes above 90. But since the calculation of Rsı is based on the average price and purchase, every time the price increases, it continues to rise more slowly. However, we see this in big falls as well.
Therefore, one should not open positions just by following the RSI. If the price is on the copal, and the volume is low, you are looking at the RSI. Has the RSI also fallen according to the price or not? If the RSI has also fallen according to the price, then you can place your buy order near the top of the chart.
1 👉 Volume should be strong 2 👉 The candle should be closed on the trend
*** Many times we see that new friends open buy positions even if the trend is not broken. A candlestick that broke the trend is about to return to the bottom of the trend. Then the friends say, "Hey, my friend, I'm buying it." Therefore, in order not to back down, one must follow both of the above signs, make the decision to break and open long positions."