Mimranhussain
Open Trade
Occasional Trader
2.3 Years
2 Following
2 Followers
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⚡️BREAKING
Tether adds 8,888 $BTC for $735M in Q1 2025, boosting its total holdings to 100,521 $BTC, valued at $8.29B.
Tether adds 8,888 $BTC for $735M in Q1 2025, boosting its total holdings to 100,521 $BTC, valued at $8.29B.
The recent Bitcoin pump is likely due to BlackRock increasing its Bitcoin holdings once again. if you learn the art of tracking market markers’ wallets combined with solid fundamental and technical analysis, Inshallah, you could see thousands of dollars in profits in the coming days. Are you ready for coming crypto trading —this could be the opportunity you've been waiting for
#bitcoin #cryptocurrency #Ethereum #Solan #bnb
#bitcoin #cryptocurrency #Ethereum #Solan #bnb
🚨JUST IN: BlackRock integrates its blockchain-based money market fund with Solana, in order to expand its reach into decentralized finance.
Patience is the key to success for #crypto spot traders. Stay focused, stay calm, and always prepare for your next strategy.
#bitcoin #cryptocurrency #Ethereum #bnb #ChainlinkUpdate
#bitcoin #cryptocurrency #Ethereum #bnb #ChainlinkUpdate
Latest update related to T. N.F.T pending withdrawals, withdrawal time extended from 168 hours (7days) to 360 hours (15days). Stay tuned for latest updates.
How Traders Use RSI for Spot Trading
Buying at Oversold Levels (Below 30)
When RSI goes below 30, it is a sign that the coin is oversold, i.e., it might be undervalued.
Traders look for a change in price and enter a buy position here.
Example: If XRP’s RSI is 25 and starts moving up, traders may buy expecting a price recovery.
Selling at Overbought Levels (Above 70)
If RSI goes above 70, it means that the coin is overbought, and the price may go down.
This signal is used by traders to sell and profit before a downturn.
Example: If the RSI of Bitcoin is 80, traders may sell some assets before a correction.
Confirming Trades Using RSI Divergence
Bullish Divergence: Price is decreasing, but RSI is increasing → Potential reversal to the upside.
Bearish Divergence: Price is increasing, but RSI is decreasing → Potential reversal to the downside.
Example: If Solana’s price makes a new low, but RSI moves higher, it can be a sign of an impending rally.
Best RSI Settings for Crypto Trading
The default setting for RSI is 14-period, though traders sometimes alter it:
7-period RSI: Produces faster signals, ideal for short-term trading.
21-period RSI: Slower signals, better suited to longer-term trades.
Final Tips for RSI Spot Trading
✔️ Utilize RSI along with other indicators like Moving Averages & Volume for greater accuracy.
✔️ Always consider RSI on several timeframes (5-min, 1-hour, daily) for stronger signals. ✔️ Don’t trade based on RSI alone—market direction and news matter as well.
By mastering RSI, traders can make smarter spot trades on XRP, Bitcoin, Solana, BNB, and other cryptos, hitting profitable entries and exits like a boss.
Buying at Oversold Levels (Below 30)
When RSI goes below 30, it is a sign that the coin is oversold, i.e., it might be undervalued.
Traders look for a change in price and enter a buy position here.
Example: If XRP’s RSI is 25 and starts moving up, traders may buy expecting a price recovery.
Selling at Overbought Levels (Above 70)
If RSI goes above 70, it means that the coin is overbought, and the price may go down.
This signal is used by traders to sell and profit before a downturn.
Example: If the RSI of Bitcoin is 80, traders may sell some assets before a correction.
Confirming Trades Using RSI Divergence
Bullish Divergence: Price is decreasing, but RSI is increasing → Potential reversal to the upside.
Bearish Divergence: Price is increasing, but RSI is decreasing → Potential reversal to the downside.
Example: If Solana’s price makes a new low, but RSI moves higher, it can be a sign of an impending rally.
Best RSI Settings for Crypto Trading
The default setting for RSI is 14-period, though traders sometimes alter it:
7-period RSI: Produces faster signals, ideal for short-term trading.
21-period RSI: Slower signals, better suited to longer-term trades.
Final Tips for RSI Spot Trading
✔️ Utilize RSI along with other indicators like Moving Averages & Volume for greater accuracy.
✔️ Always consider RSI on several timeframes (5-min, 1-hour, daily) for stronger signals. ✔️ Don’t trade based on RSI alone—market direction and news matter as well.
By mastering RSI, traders can make smarter spot trades on XRP, Bitcoin, Solana, BNB, and other cryptos, hitting profitable entries and exits like a boss.
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