LIVEProfitangel
@Profitangel
I pledged to make multiple streams of income before 40yrs & here we're, it's not over until it's over. I take the crypto business so seriously, all or nothing
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UNDERSTANDING THE ROOT CAUSES OF LOSSES IN CRYPTO TRADING: GREED, PANIC, EXCITEMENT.
Cryptocurrency trading is exciting and profitable for many people. However, itโs important to understand that trading in digital currencies is risky and not without its share of losses. This is why it's crucial to have a good understanding of what triggers losses.
In the cryptocurrency world, there are three common root causes of losses - "greed holding," "panic selling," and "excitement buying."
Greed Holding
One of the most common problems that cause traders to lose money is greed. It invol
In the cryptocurrency world, there are three common root causes of losses - "greed holding," "panic selling," and "excitement buying."
Greed Holding
One of the most common problems that cause traders to lose money is greed. It invol
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WHAT TRADERS SHOULD DO WHEN CRYPTO PRICES GO DOWN?
As a trader in the cryptocurrency market, it's important to understand that prices can and will fluctuate. Although most traders love it when prices spike up, they should also be prepared for times when the opposite happens โ when the prices plummet.
When crypto prices go down, traders should take a step back and reassess their strategy. Here are some tips on what traders should do when the market takes a dip:
1. Don't panic
It's natural to feel anxious when prices start to drop rapidly. Howe
When crypto prices go down, traders should take a step back and reassess their strategy. Here are some tips on what traders should do when the market takes a dip:
1. Don't panic
It's natural to feel anxious when prices start to drop rapidly. Howe
We've been rejected at 77k for the second time, confirming it as our resistance level, while 75,560 remains our key support that we need to hold. We're now just 3k away from making history, which could draw more attention to the crypto market. This increased interest could lead to a significant inflow, potentially sparking momentum in altcoins. #BullRunAhead #BTCโ #EthereumRally #FedRateStrategy #AltCoinSeason
U.S. Federal Reserve Lowers Benchmark Rate, Bitcoin Holds Strong Amid Fedโs Cautious Stance
In line with market expectations, the U.S. Federal Reserve lowered its benchmark federal funds rate by 25 basis points, bringing it to a range of 4.5% to 4.75% on Thursday. As anticipated, this rate adjustment reflects the Fedโs ongoing strategy to moderate economic conditions while monitoring inflation trends closely. Remarkably, #Bitcoin has maintained its position near a fresh all-time high, showing resilience even as the market awaited commentary from Fed Chair Jerome Powell.
Key Takeaways
Key Takeaways
Bitcoin Primed for a Breakout as Key Indicators Align ๐
Pro-Bitcoin President in Office
Hash Rate and Difficulty at Record Highs
Bitcoin is on the edge of a potential price surge, trading just below $75,000 during the European morning as markets await the Federal Reserve's anticipated rate cut. Meanwhile, Ethereum has led the market with an impressive gain of over 6% in the past 24 hours.
The Bank of England has also cut interest rates further, now at 4.75%, following its August reduction from 5.25% to 5.0%. These moves are a response to decreasing inflation, which fell to 1.7% in September, below the Bank's target of 2%.
According to CNBC, multiple analysts are predicting that Bitcoin could hit $100,000 before January, in time for Trump's inauguration.
The stage is set โ Bitcoin could be ready to soar! ๐
Pro-Bitcoin President in Office
Hash Rate and Difficulty at Record Highs
Bitcoin is on the edge of a potential price surge, trading just below $75,000 during the European morning as markets await the Federal Reserve's anticipated rate cut. Meanwhile, Ethereum has led the market with an impressive gain of over 6% in the past 24 hours.
The Bank of England has also cut interest rates further, now at 4.75%, following its August reduction from 5.25% to 5.0%. These moves are a response to decreasing inflation, which fell to 1.7% in September, below the Bank's target of 2%.
According to CNBC, multiple analysts are predicting that Bitcoin could hit $100,000 before January, in time for Trump's inauguration.
The stage is set โ Bitcoin could be ready to soar! ๐
The BNB Foundation has just completed its 29th quarterly token burn, removing over 1.7 million BNB (valued at approximately $1.07 billion) from circulationโa substantial reduction.
Why burn BNB tokens?
BNB is designed as a deflationary token, meaning its supply gradually decreases over time to help support its value. To achieve this, periodic token burns are conducted to permanently reduce the circulating supply.
Following this recent burn, BNBโs current supply stands at 144,099,981.1 BNB. An additional 43,533,387.84 BNB will be burned in future cycles until the scheduled burns conclude.
Will this impact BNB's price?
Price movements depend largely on supply and demand dynamics. When the supply of an asset decreases and demand remains steady or increases, prices tend to rise. Given Binanceโs position as the top crypto exchange, demand for BNB is likely to stay strong. With the ongoing reduction in supply and sustained demand, this could positively impact BNB's price over the long term. #29thBNBBurn #16thBTCWhitePaperAnniv #NovCryptoOutlook #CryptoPreUSElection
Why burn BNB tokens?
BNB is designed as a deflationary token, meaning its supply gradually decreases over time to help support its value. To achieve this, periodic token burns are conducted to permanently reduce the circulating supply.
Following this recent burn, BNBโs current supply stands at 144,099,981.1 BNB. An additional 43,533,387.84 BNB will be burned in future cycles until the scheduled burns conclude.
Will this impact BNB's price?
Price movements depend largely on supply and demand dynamics. When the supply of an asset decreases and demand remains steady or increases, prices tend to rise. Given Binanceโs position as the top crypto exchange, demand for BNB is likely to stay strong. With the ongoing reduction in supply and sustained demand, this could positively impact BNB's price over the long term. #29thBNBBurn #16thBTCWhitePaperAnniv #NovCryptoOutlook #CryptoPreUSElection
Why All Crypto Traders Must Watch Bitcoinโs Movement to Understand Market Dynamics
In the world of cryptocurrency, Bitcoin (BTC) holds a pivotal role that no trader can afford to ignore. As the first and most prominent digital currency, BTC has a massive influence on the entire market, often setting trends and acting as an indicator for other coinsโ price actions. Understanding Bitcoinโs movements is crucial for traders of all levels to navigate the crypto market successfully. Hereโs why BTC remains a key factor in analyzing and anticipating market changes.
1. Bitcoin Dominan
1. Bitcoin Dominan
If you entered a short at a right time then it's gonna pay out. It's not too late tho. We also trade the FUD. #BullRunAhead #CryptoPreUSElection #BTC67KRebound
Warning to Traders: Binance Delisting of Monitored Tokens Sparks Major Losses.
In the ever-volatile world of cryptocurrency trading, vigilance is key. Recent events have highlighted the importance of being cautious when trading tokens under monitoring by major exchanges. Binance, one of the largest cryptocurrency exchanges, has just confirmed the delisting of three tokens: $OOKI, $UNFI, and $KP3R. These tokens had been under monitoring for some time, and the news of their delisting has caused their prices to plummet, leaving many traders with heavy losses.
Hereโs what tra
Hereโs what tra
When a new coin gets listed, drops, then bounces back into price discovery, itโs one to respect. Keep that coin on your watchlist for a solid entry point. $Neiro was the first token to recover from the recent pullback, and it's now in price discoveryโpretty impressive for a meme project!
Hereโs another tip: keep an eye on the market and look for projects that bounce back quickly after a crash or pullback. Those are the ones people are eager to invest in or accumulate. If you want me to keep dropping these random lessons, just hit me with a '๐๐พ'! #WeAreAllSatoshi #BTCUptober #NeiroOnBinance #BTCReboundsAfterFOMC #BTCโ $NEIRO
Hereโs another tip: keep an eye on the market and look for projects that bounce back quickly after a crash or pullback. Those are the ones people are eager to invest in or accumulate. If you want me to keep dropping these random lessons, just hit me with a '๐๐พ'! #WeAreAllSatoshi #BTCUptober #NeiroOnBinance #BTCReboundsAfterFOMC #BTCโ $NEIRO
Hello businessmen and women,
Itโs important to note that Bitcoin (BTC) plays a significant role in driving the cryptocurrency market. BTC is often seen as a leading indicator, and its price movements tend to influence the entire market. Historically, a 1% drop in BTC can lead to a much larger decline across other cryptocurrencies, sometimes up to 5%.
Interestingly, daily traders of BTC outnumber long-term holders, although those who hold BTC tend to possess larger amounts than those trading regularly. This dynamic helps explain why the market may experience short-term bearish trends but maintain a long-term bullish outlook. I encourage you to stay alert and seize opportunities as they arise.
God bless you all ๐๐ผ #BTCUptober #BinanceLaunchpoolHMSTR #SECAppealRipple #BTCโ #BullRunAhead
Itโs important to note that Bitcoin (BTC) plays a significant role in driving the cryptocurrency market. BTC is often seen as a leading indicator, and its price movements tend to influence the entire market. Historically, a 1% drop in BTC can lead to a much larger decline across other cryptocurrencies, sometimes up to 5%.
Interestingly, daily traders of BTC outnumber long-term holders, although those who hold BTC tend to possess larger amounts than those trading regularly. This dynamic helps explain why the market may experience short-term bearish trends but maintain a long-term bullish outlook. I encourage you to stay alert and seize opportunities as they arise.
God bless you all ๐๐ผ #BTCUptober #BinanceLaunchpoolHMSTR #SECAppealRipple #BTCโ #BullRunAhead
If we keep up this momentum and Trump wins the election, we could see a massive bull run. However, be cautious over the next 25 days as it might turn into a bull trap. Donโt put all your capital into the market; a correction is likely, and youโll need cash on hand to seize opportunities. Stay safe and God bless ๐๐พ. #FOMC #BTCReboundsAfterFOMC #BTCโ #BullRunAhead #BinanceSquareFamily
Summary of Fed Chair Powell's Statement (9/18/24):
1. The Federal Reserve views the economy as "strong overall."
2. There is "growing confidence" that the labor market's strength can be sustained.
3. Consumer spending has "remained resilient."
4. Inflation has eased but still "remains above the 2% target."
5. The labor market is less tight compared to pre-pandemic levels.
6. The Fed is shifting to a "neutral stance" but is "not on any preset course."
Given the economyโs strength, why is a 50 basis point rate cut necessary?
#FOMC #BTCโ #BullRunAhead #BinanceLaunchpoolHMSTR #altsesaon
1. The Federal Reserve views the economy as "strong overall."
2. There is "growing confidence" that the labor market's strength can be sustained.
3. Consumer spending has "remained resilient."
4. Inflation has eased but still "remains above the 2% target."
5. The labor market is less tight compared to pre-pandemic levels.
6. The Fed is shifting to a "neutral stance" but is "not on any preset course."
Given the economyโs strength, why is a 50 basis point rate cut necessary?
#FOMC #BTCโ #BullRunAhead #BinanceLaunchpoolHMSTR #altsesaon
Fact is August was a rough month.
We witnessed Black Monday, and Bitcoin went from $68K to $49K.
But, with all the bullish factors lining up for Q4, it looks like the choppy sideways price action could be ending soon.
The next 3-4 weeks could be the last chance to grab your favorite coins at cheap prices.
Are you making the most out of it? #TON #CryptoMarketMoves #BTCโ #BullRunAhead #altsesaon
We witnessed Black Monday, and Bitcoin went from $68K to $49K.
But, with all the bullish factors lining up for Q4, it looks like the choppy sideways price action could be ending soon.
The next 3-4 weeks could be the last chance to grab your favorite coins at cheap prices.
Are you making the most out of it? #TON #CryptoMarketMoves #BTCโ #BullRunAhead #altsesaon
Why we have a pullback now.
And $TON is falling hard๐คฆ๐ฝโโ๏ธ, we will have most telegram tokens dip and this may affect the launch of $Dogs wish they never kept on postponing it๐. #BinanceLaunchpoolDOGS #BTCโ #Pullback #BullRunAhead #CryptoMarketMoves
And $TON is falling hard๐คฆ๐ฝโโ๏ธ, we will have most telegram tokens dip and this may affect the launch of $Dogs wish they never kept on postponing it๐. #BinanceLaunchpoolDOGS #BTCโ #Pullback #BullRunAhead #CryptoMarketMoves
Remember, voting is still open, and your input matters. Visit the profile to cast your voteโeach vote is important and greatly appreciated! #BinanceLaunchpoolDOGS #PowellAtJacksonHole #VOTEme #TradingMadeEasy #BTCโ
HOW FED RATE CUTS POSITIVELY IMPACT THE CRYPTO MARKET AND VICE VERSA.
The relationship between Federal Reserve (Fed) interest rate cuts and the cryptocurrency market is a topic of significant interest. Here's an exploration of why rate cuts often have a positive impact on the crypto market and, conversely, why the health of the crypto market might influence central bank policies.
1. Lower Interest Rates Lead to Cheaper Borrowing and More Liquidity
When the Fed cuts interest rates, borrowing becomes cheaper for businesses and individuals. Lower interest rates oft
1. Lower Interest Rates Lead to Cheaper Borrowing and More Liquidity
When the Fed cuts interest rates, borrowing becomes cheaper for businesses and individuals. Lower interest rates oft
BITCOIN NOW RANKS AS THE SIXTH LARGEST MONETARY ASSET IN THE WORLD๐
- Gold: $14.81T
- USD ๐บ๐ธ: $5.88T
- EUR ๐ช๐บ: $5.74T
- CNH ๐จ๐ณ: $5.17T
- JPY ๐ฏ๐ต: $4.65T
- BTC: $1.19T
- GBP ๐ฌ๐ง: $1.1T
- Silver: $0.85T
- CHF ๐จ๐ญ: $0.62T
- INR ๐ฎ๐ณ: $0.56T
- AUD ๐ฆ๐บ: $0.29T
- RUB ๐ท๐บ: $0.29T
- HKD ๐ญ๐ฐ: $0.25T #CryptoMarketMoves #BTCโ #CryptoNewss #Dominance
- Gold: $14.81T
- USD ๐บ๐ธ: $5.88T
- EUR ๐ช๐บ: $5.74T
- CNH ๐จ๐ณ: $5.17T
- JPY ๐ฏ๐ต: $4.65T
- BTC: $1.19T
- GBP ๐ฌ๐ง: $1.1T
- Silver: $0.85T
- CHF ๐จ๐ญ: $0.62T
- INR ๐ฎ๐ณ: $0.56T
- AUD ๐ฆ๐บ: $0.29T
- RUB ๐ท๐บ: $0.29T
- HKD ๐ญ๐ฐ: $0.25T #CryptoMarketMoves #BTCโ #CryptoNewss #Dominance
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