Patience is the key in trading I am holding my position in n | Knowledge Seeker on Binance Square

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Bullish

Patience is the key in trading
I am holding my position in negative from 7 months 

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BTC CME GAP Still open The infamous CME (Chicago Mercantile Exchange) gap! Current Status: - CME Gap: $11,700 - $12,100 (approx.) - BTC Price (4-hour TF): $62,839.80 - Gap Status: Open Historical Context: - CME gaps have a high fill rate (~85-90%) - Most gaps fill within 1-3 months - Recent examples: Feb 2021 ($45,500 gap filled), July 2021 ($35,500 gap filled) Technical Analysis (4-hour TF): - RSI (14): 53.27 (neutral) - MACD (12, 26): 202.12 (bullish) - Moving Averages: - 50-MA: $61,439.19 - 100-MA: $59,551.19 - 200-MA: $47,833.19 Bullish Factors: 1. CME gap as a potential support level 2. Rising trend line from July lows 3. Bullish MACD crossover Bearish Factors: 1. Overbought RSI levels (potential consolidation) 2. Resistance at $65,000 - $67,000 Probability of Gap Fill: Based on historical data and technical analysis, there's a moderate to high probability (~60-70%) that the CME gap will be filled in the coming days/weeks. Possible Scenarios: 1. *Gap Fill*: BTC price drops to $11,700 - $12,100, filling the gap. 2. *Consolidation*: Price consolidates between $60,000 - $65,000 before deciding on next move. 3. *Breakout*: Price surges above $65,000, potentially targeting $70,000 - $75,000.

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BTC🚀 BTCUSDT: Technical Analysis Current Price: $62,839.80 USDT 1-day Chart: Indicators: - RSI (14): 64.91 (bullish) - MACD (12, 26): 515.19 (bullish) - Moving Averages: - 50-MA: $59,551.19 - 100-MA: $53,439.19 - 200-MA: $47,833.19 - Bollinger Bands: - Upper: $65,339.19 - Lower: $56,039.19 Candlestick Patterns: - Current candle: Bullish Engulfing - Previous candle: Hammer Trend Analysis: - Short-term trend: Bullish - Medium-term trend: Bullish - Long-term trend: Bullish Support and Resistance: - Support levels: - $61,000 - $60,000 - $59,000 - Resistance levels: - $65,000 - $66,000 - $67,000 Recommendations: - Buy: $61,000 - $61,500 - Sell: $65,000 - $65,500 Important Note: Not a investment advice. Next Resistance/Support Levels: - Resistance: $65,339.19 (Bollinger Band upper) - Support: $56,039.19 (Bollinger Band lower) Breakout/Breakdown Levels: - Breakout: $65,500 - Breakdown: $59,500 Additional Insights: - Bitcoin's RSI is in overbought territory, indicating potential consolidation. - MACD's bullish crossover suggests continued upward momentum. - Bollinger Bands indicate volatility expansion.

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Future Trading Levrage and funding Fee. In trading with leverage, funding fees can significantly impact your profitability. A negative funding fee means you receive a payment, while a positive funding fee means you pay. *How Funding Fees Work:* 1. Funding fees are periodic payments exchanged between long and short positions. 2. Fee rate is calculated based on market conditions, leverage, and position size. 3. Funding interval typically ranges from 1-8 hours. *Impact of Increasing Leverage on Funding Fees:* Increasing leverage can amplify both profits and funding fees. *Scenario 1: Negative Funding Fee* - Initial Leverage: 2x - Funding Fee: -0.05% (you receive $5 per $10,000 position) - Position Size: $10,000 - Profit: $1,000 (10% move) - Increased Leverage: 5x - Funding Fee: -0.13% (you receive $13 per $10,000 position) - Position Size: $10,000 - Profit: $5,000 (10% move) In this scenario, increasing leverage from 2x to 5x: - Amplifies profit from $1,000 to $5,000 - Increases funding fee receipt from $5 to $13 *Scenario 2: Positive Funding Fee* - Initial Leverage: 2x - Funding Fee: 0.05% (you pay $5 per $10,000 position) - Position Size: $10,000 - Profit: $1,000 (10% move) - Increased Leverage: 5x - Funding Fee: 0.13% (you pay $13 per $10,000 position) - Position Size: $10,000 - Profit: $5,000 (10% move) In this scenario, increasing leverage from 2x to 5x: - Amplifies profit from $1,000 to $5,000 - Increases funding fee payment from $5 to $13 *Key Takeaways:* 1. Increasing leverage amplifies funding fees, whether positive or negative. 2. Negative funding fees can become more profitable with increased leverage. 3. Positive funding fees can significantly eat into profits with increased leverage. *To Maximize Profits:* 1. Monitor funding fees and adjust leverage accordingly. 2. Consider hedging strategies to minimize funding fees. 3. Maintain a risk management strategy to avoid excessive leverage.

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#BIGTIME/USDT Chart Overview: Timeframe: 4 hours Exchange: Binance Indicator settings: Default Trend Analysis: Current Trend: Uptrend Trend Strength: Moderate Support Levels: $0.143, $0.135, $0.127 Resistance Levels: $0.155, $0.165, $0.175 Technical Indicators: Relative Strength Index (RSI) (14): 56.42 (Neutral) Moving Averages: 50-MA (4-hour): $0.1455 100-MA (4-hour): $0.1339 200-MA (4-hour): $0.1239 Bollinger Bands (20, 2): $0.143 - $0.155 MACD (12, 26): 0.0021 (Bullish crossover) Candlestick Patterns: Current Candle: Spinning Top Previous Candle: Bullish Engulfing Analysis: BIGTIME/USDT is experiencing an uptrend, with moderate strength. The RSI indicates a neutral condition, suggesting a potential consolidation. The 50-MA and 100-MA are bullishly aligned, supporting the uptrend. Bollinger Bands indicate a moderate volatility range. MACD's bullish crossover suggests continued upward momentum. Candlestick patterns indicate indecision (Spinning Top) following a bullish reversal (Bullish Engulfing). Trading Suggestions: Long: Consider buying near support levels ($0.143, $0.135) with a target of $0.155 - $0.165. Short: Consider selling near resistance levels ($0.155, $0.165) with a target of $0.143 - $0.135. Stop-Loss: Set around $0.127 (strong support) for long positions. Important Notes: Technical analysis is subjective and not foolproof.

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