Trading Crypto Guide ™

2024-05-12 09:30:16 #BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, closed with the strong rejection candle and next candle tapped into the resistance by which its try to close below the support. If weekly candle closes below the $61,500 support, then we can expect some more correction in the coming weeks. The worst part is closing below $60,000 will start a new mid-term correction in the market. Open / Comment

2024-05-11 20:00:44 #ETH UPDATE :

#ETH still moving inside the falling wedge pattern but its moving closer to the apex point. Price still moving back and forth between the zones and currently, reaching the support. Anticipating a false break below for testing the supporting trendline and a decent push. Open / Comment

2024-05-11 16:02:05 What is Liquidation ?

Liquidation is a critical concept, particularly in leveraged trading, where traders borrow funds to amplify their positions. When traders use leverage, they have the potential to magnify their profits, but they also expose themselves to higher risks. Liquidation occurs when the value of a trader's position falls below a certain threshold, known as the liquidation price. At this point, the exchange automatically closes the trader's position to prevent further losses.

Liquidation is a risk management mechanism implemented by exchanges to protect both traders and the exchange itself. By closing out positions that have reached or exceeded their liquidation price, exchanges ensure that traders cannot lose more than their initial investment or margin deposit. This helps to maintain the integrity of the trading platform and prevents traders from accumulating unsustainable losses.

The liquidation process typically involves selling off the trader's assets to cover the outstanding debt or margin requirements. The proceeds from the liquidation are used to repay the borrowed funds and any associated fees. Depending on market conditions and the size of the position, liquidation can result in partial or full loss of the trader's assets.

Traders must be mindful of their liquidation price and manage their risk accordingly when engaging in leveraged trading. Setting appropriate stop-loss orders and monitoring market conditions can help mitigate the risk of liquidation. Additionally, understanding the mechanics of liquidation and its implications is essential for navigating the complexities of crypto trading and protecting one's investment capital. Open / Comment

2024-05-11 14:00:58 We can see a Tiny bit of liquidation sitting at $61,600 and major one at $63.800

You know the next move now :) Open / Comment

2024-05-11 12:01:10 #TRB gave a pin precise entry after tapping into the support and did near about 2.3x in profits. Already said, this gonna me highly risk/ rewarding move. If you're still on it book major partials, and trail the stops. Open / Comment

2024-05-11 09:30:56 #BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, moved from the support and minorly broke the market structure. Currently, price made a deep retest back to the support and hit the support too. The week was bit slower than the expected, so next week might come up with strong moves, as price siting at a crucial support zone. Open / Comment

2024-05-10 20:31:13 Here's the Analysis of #BLZ :

#BLZ is been rejected strong and moving lower from the resistance trendline. Currently, there's no key level nearby, only the major support zone area of $0.285 - $0.290. Better to wait for the pattern break and look for the opportunities on the breakout. Open / Comment

2024-05-10 16:01:53 What Are Repair Miners?

Repair miners are a proposed type of mining node within the Filecoin network. They are distinct from two other types of miners: storage miners and retrieval miners. Note that repair miners are a feature of the Filecoin network that has not yet been implemented.

Filecoin’s developers have defined repair nodes as a type of node that facilitates “network self-healing.” To understand this, we can consider the structure of Filecoin, a decentralized system for data storage, and some aspects of the network’s operations.

In the Filecoin network, data is stored in sectors, which are each of a fixed size. Storage miners fill these sectors with data that is stored on behalf of their clients, who contract the storage miners’ services for a particular period of time. These contracts between storage miners and their clients are referred to as deals. Repair miners are envisioned as a third actor that could ultimately intercede in the case of an unreliable storage miner and help address the risks posed by this. Open / Comment

2024-05-10 14:01:27 The Euphoria phase (NUPL>0.5) has lasted 7 months in this bull market. Corrections are common, offering insights into investor sentiment. We've analyzed two conditions:
1. Relative Unrealized Profit > 0.5, indicating widespread gains.
2. Relative Unrealized Loss > 0.01, showing significant pressure on investors during corrections.

As illustrated in the charts below, such correction events are common in all bull markets. Since reaching the ATH at $73.1k, this pattern has occurred in three separate retracements to the ~$60k zone. Open / Comment

2024-05-10 12:02:16 #GOLD Analysis :

#GOLD is been riding up with the Symmetrical Pattern Break and hits the Strong Resistance Area of $2,358 - $2,363. Well, if price gives a flip above the resistance then it will open up room for the next leg up there at resistance around $2,400. Rejection must come with in Daily TF, so looks bearishness in price. Open / Comment