Well, I was not posting for a very long time on #BinanceSquareTalks because I was busy trading forex, but today I just want to enlighten some of you regarding the next possible move of BTC & GOLD.
First and foremost, we need to check the last two months of Non-Farm Payroll (NFP) data released by the Bureau of Labor Statistics (BLS), which indicates the number of employed individuals in the US economy. The #Nonfarmpayroll for March was 185,000, and April was 177,000, which was significantly lower than the previous month.
NOTE: High NFP denotes a strong USD, and low NFP denotes weak USD.
The NFP for May is expected to be lower than the previous month (according to public Sources), and it denotes a weak USD and lower possible interest rates.
So, here is what could happen in the upcoming few months with $BTC or other top crypto pairs like $BNB , $ETH etc. Due to the fear of a weakening USD, the forex/crypto market pairs associated with the USD were dumped by institutions. Now, BTC will face #FOMO because influencers and other so-called crypto traders will tell you to buy this sharp dip at 101k, but in reality, they are paid by institutions to spread FOMO so that those institutions can exit and get a possible lower entry, leaving retail traders in blunder.
What to do now?
Wait for BTC to reach around the 94-98k level and time an entry where there are "choppy Bollinger Bands" on 1D timeframe, because that is where BTC will be accumulated and ready for the next leg up to 120k. You can short gold in Forex and long BTC between the 94-98k level at the same time. Just take a low-leverage entry and try to put a stop-loss around the 92k zone and a take-profit of 118k-124k.
Meanwhile, gold will likely reach the 3500-3600 level due to possible USD weakening, after which it might sharply drop to the $3000 zone & even $2800 zone .
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#XRP/USDT is looking bullish on all Major Timeframes.i have noticed some large block orders every time $XRP went below 0.6$ Mark means all those big whales are accumulating . So here i am Longing XRP at 0.6$ and keeping my STOP LOSS at 0.57 , Putting a target of 1.2$ at the same time.
The Liquidity Heatmap Clearly shows many short Liquidation zones around 0.63 so we might see an impulsive wave directly to 0.63 and onwards. For me XRP is soon going to be on top gainer list. Cheers !!! 🍻
Currenly BTC is running around 26k and it might touch to 20k within 30-40 days. Btc will surely liquidate everyone between 20- 19 k area.BTC can never show a bull run without Bollinger band squeeze on weekly TF so don't worry bears we have a chance , so you guys may short #BTC between 26-27K. And please Follow me on Binance Feed if you like my analysis.
I am Feeling Super Bullish On #PEPE 🚀. Yesterday Coinbase had Already apologized For the False Report that Caused PEPE to Shrink More Than 21% , and Coinbase Stocks Also Fell Down By 4% Due to Mass criticism Faced By PEPE Supporters.
Market will Run Flat Now for at least 7 days and there will be no bullish moment what so ever, you can expect little spike on few new coins like , FLOKI ,PEPE,SUI,EDU,LQTY etc ..
#LUNCARMY A perposal regarding the upcoming v2.0.0 terrad upgrade has been added to agora. This proposal will HALT the chain at block, 12,812,900, on approximately May 17, 2023, 14:03:32 UTC.Version Of the Cosmos SDK will be Upgraded to v0.45.13 if the proposal gets Passed 🚀
How To Become a Better and Profitable Trader? Must Read !! 👇
Hello Guys !👋, So Here i am Going To mention Some Key methods that you must implement in your day to day trading life to advance your trading skills , So Have a look at all of them mentioned Below 👇
Read Books about technicals of trading , My fav Books are "Bollinger on Bollinger Band" by John Bollinger and "Japanese Candlestick Charting patterns" By Steve Nison. So You Must Read and Master these two Books if you want to Transit yourself from a Beginner Trader to an advanced Trader.
Learn to Monitor Orderbook , Depth of the chart and Volume on the Chart.
Screentime Matters, So practice , practice and practice! whatever you learn & try to do paper trading to test your skills.
Learn Pine Coding (A Programming language to create indicators on tradingview) and try to play with the indicators and backtest your strategies.
Always keep yourself updated about all the happenings inside the financial world 🌍. NOTE- You may Subscribe for topics on "google alerts" or you can use Twitter or Reddit to keep yourself updated.
Always Keep an Eye on Inflation, recession, Govt Meetings, Fear & Greed index ,Exploits etc Because they Might Cause a Major Impact on the Market.
Learn To Cut Your Losses , by using proper stop loss or Trailing Stop loss Functions and never forget to book Profit. So in Short You must learn the Concepts of risk management because "Market plays With Your Emotions" and you cannot trade while being Emotional 😊.
Give Yourself a target and try to give 100% to achieve that target. NOTE- You Must Learn to Compound Your Money 💸.
Never Go with the Crowd, and always Believe in your analysis. "Sell the News and Buy the rumour".
I hope that this article Might be helpful to you 😊. Please! Like,share,Comment and Follow if you want to support and Motivate Me so that I can keep motivating You all throughMy future posts and articles 🙏