Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:

How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!
#Write2Earn‬ #Bitcoin #Binance
$BTC

$ETH

$SOL

$BNB

The idea of turning a small investment of $100 into a life-changing sum of $1 million might seem like a far-fetched dream, but in the world of cryptocurrencies, it's not entirely impossible. While the path to becoming a crypto millionaire is not without its challenges, we'll explore a realistic strategy that you can follow to potentially achieve this remarkable feat.

Image Source: www.coinrocco.com
Adopt a Long-Term Mindset:
Building substantial wealth in the crypto market requires patience and a long-term perspective. Avoid get-rich-quick schemes and focus on sustainable growth. Understand that the journey to $1 million may take several years, so be prepared to ride out the market's ups and downs.

Start with Thorough Research:
Before investing your $100, dedicate time to researching the crypto landscape. Familiarize yourself with the top cryptocurrencies, their underlying technologies, and their potential use cases. Identify projects with strong fundamentals, active development teams, and the ability to disrupt their respective industries.

Diversify Your Portfolio:
Rather than placing your entire $100 on a single cryptocurrency, diversify your investment across multiple promising projects. This approach helps mitigate risk and increases your chances of finding a true "diamond in the rough" that can potentially skyrocket in value.

Dollar-Cost Averaging (DCA):
Implement a dollar-cost averaging strategy by investing a fixed amount, such as $10 or $20, at regular intervals. This method can help you navigate the market's volatility and build your position over time, potentially maximizing your gains in the long run.

Leverage Compound Interest:
One of the keys to turning $100 into $1 million is harnessing the power of compound interest. As your initial investment grows, reinvest your profits back into your portfolio. Over time, the compounding effect can accelerate your wealth accumulation, provided you maintain a disciplined approach.
Identify and Capitalize on Emerging Trends:
Keep a close eye on the crypto market and be on the lookout for emerging trends, new technologies, or promising projects that show significant potential for growth. Be agile and willing to adjust your portfolio to capitalize on these opportunities as they arise.

Employ Risk Management Strategies:
While the prospect of turning $100 into $1 million is exciting, it's essential to manage your risk exposure. Set stop-loss orders, diversify your holdings, and never invest more than you can afford to lose. Prioritize preservation of capital as you work towards your long-term goal.

Reinvest Strategically:
As your portfolio grows, resist the temptation to withdraw all your profits. Instead, consider reinvesting a portion of your gains back into your portfolio to maintain and accelerate its growth. Striking the right balance between enjoying your success and continuing to build wealth is crucial.

Patience and Perseverance:
Becoming a crypto millionaire from a $100 investment is not an overnight success story. It requires unwavering patience, discipline, and the ability to navigate the market's volatility. Stay committed to your long-term strategy, and don't be discouraged by temporary setbacks or market corrections.
Turning $100 into $1 million through cryptocurrency investments is an ambitious but achievable goal for those willing to put in the time, effort, and discipline. By adopting a long-term mindset, conducting thorough research, diversifying your portfolio, and employing effective risk management strategies, you can increase your chances of becoming a crypto millionaire. Remember, the journey is as important as the destination, so enjoy the process and learn from every experience along the way.
Disclaimer: The content provided here, including responses and information, is intended for informational and educational purposes only. It is not intended as financial advice, investment advice, or any other form of professional advice. We do not endorse or recommend any specific investments, strategies, or financial products.

Always conduct your research (DYOR - Do Your Own Research) and consult with qualified professionals before making any financial decisions. The cryptocurrency and investment markets can be highly volatile and carry inherent risks, and you should be aware of the potential for significant gains as well as losses.
🚀🌐Visit COINROCCO for the latest trends, charts, and news! Stay informed and ride the crypto wave! 📈💰 #CoinRocco #Crypto #ETHETFsApproved #FIT21 #EarnFreeCrypto2024 🌟✨

$BTC $USDC $ETH

Surprisingly, I didn't need endless trades.
Almost all my profit came from a few Lowcaps that gave 100x-1000x.
Many Lowcaps will give 100x in the next few months.
Here are my next plays 🧵👇

Before I begin, I have a favor to ask...
I spent a lot of time writing this Article, trying to make it genuinely useful for you, so if it's not too much trouble, please bookmark it, retweet, leave a comment, or simply hit like 🤍
The stages of a bull run: btc pump > eth pump > high cap alts pump > low caps pump > meme pump
This cycle was a bit different, with meme coins pumping earlier than usual.
But now liquidity is returning to $BTC, which means next it will be $ETH, then high caps, and finally low caps.
This means now is the perfect time to pick up low caps at the market's bottom.

Recently, many narratives have begun to gain more and more popularity such as:
- RWA
- AI
- GameFi
More and more new projects are emerging that have just entered the market with low mc yet, but have the potential to become the next $ONDO, $TAO, etc

I scanned ~1500 Lowcaps from the narratives I mentioned and made an updated portfolio of 10 Lowcaps.
Here're they are: (but keep in mind that alongside high upside, Lowcaps also carry high risks of losing +- everything 😁, so invest only as much as u afford to lose)👇
1/➮ @patex_ecosystem | $PATEX
✧ Patex Network is a platform for deploying contracts and building cross-chain apps, with tools and guides for developers.
✧ Market cap: $4.94M
✧ Price: $3.9

2/➮ @KTX_finance | $KTC
✧ KTXFinance is a decentralized platform offering up to 100x leverage on trading pairs like BTC and ETH, aimed at democratizing perpetuals trading.
✧ Market cap: $7.3M
✧ Price: $1.01

3/➮ @oraichain | $ORAI
✧ AI Layer 1 for Data Economy, Oracle services in smart contracts/Dapps. Stake $ORAI for governance/earnings, ensuring AI quality.
✧ Features:
- Interoperability with IBC, ETH, BSC, TRON
- Decentralized Storage with encryption
MC: $220M
FDV: $240M

4/➮ @autonolas | $OLAS
✧ Marketplace created for developing, managing, and selling Autonomous AI agents. These agents use a public framework for autonomous operations both on-chain and off-chain, aiming to enhance operations and user experiences.
✧ MC: $117M
✧ Price: $2.86

5/➮ @GoNeuralAI | $NEURAL
✧ Convert text into stunning 3D models instantly with NeuralAI. Power up your design tools and game engines with the 3D AI Bittensor Subnet. Hold 750 $NEURAL = access the dApp. 2000+ models generated in the dApp.
✧ MC: $16M
✧ Price: $1.6

6/➮ @StarHeroes_game | $STAR
✧ StarHeroes is an esports-oriented multiplayer third-person space shooter, delivers dynamic, competitive gameplay and intense gaming emotions.
✧ Market cap: $14.6M
✧ Price: $0.34

7/➮ @badmadrobots | $METAL
✧ BADMAD ROBOTS is a free-to-play multiplayer shooter where teams fight to survive against violent robots in a post-human world.
✧ Market cap: $20M
✧ Price: $0.028

8/➮ @graphlinq_proto | $GLQ
✧ GraphLinq offers a no-code platform for automation across blockchains, featuring a drag-and-drop IDE, app interface, and a marketplace for templates.
✧ Market cap: $32M
✧ Price: $0.09

9/➮ @maplefinance | $MPL
✧ Maple is an institutional capital network linking lenders and borrowers via on-chain lending, transforming capital markets with blockchain tech.
✧ Market cap: $62M
✧ Price: $14.1

10/➮ @AITProtocol | $AIT
✧ AIT Protocol uses blockchain to create a decentralized labor market for AI data annotation, offering "Train-to-Earn" tasks to enhance AI development.
✧ Market cap: $35M
✧ Price: $0.29

That's it for today.

➮ Liked this article? I write educational content daily, so don't forget to:
✧ Follow me @Crypto PM

THANKS.

#WhaleAlert
#Whale.Alert
#BinanceLaunchpool
#buythedip
#Altcoins👀🚀

Turn $35 to $35,000 by flipping shitcoins.
No genius required, just master the art of shitcoin trading
These secrets will help you earn 100x more
So, let's start by addressing those who claim that going from $100 to $10,000 is an easy task.
The immediate response is: No, you really need to put in a lot of hard work for this.
It's not all rainbows and unicorns.
However, understanding some key trading rules can help you achieve success faster.
① Everyone has a different portfolio sizes and different risk levels when it comes to aping into coins:
When I had $100, I went all in, and somehow it worked out.
While I was investing $100, others were putting in $1,000, $5,000, or even $20,000 into the same coin.
Take your time and don't rush to compare yourself to others.
You'll get there soon. The longer you stick to your size, the safer you'll be.

② Don't fall in love with a project – you are a trader, you're here to make big money:
Avoid holding onto every bullsh*t investment. In reality, 99% of projects won't reach even $100M mcap.
Secure your gains and keep progressing.
Our goal is to create wealth, not just send stickers all day in Telegram/Discord groups.

③ On your way to the first $10,000, you should aggressively take profits:
Yes, you heard that correctly.
Don't be afraid to exit a trade even if looks very promising and can surge by 1000x, as the likelihood of hitting such high returns is very slim – typically just a 1/100 probability.

Therefore, it's wiser to secure some profits rather than risking your entire stake each time.
While you might regret missing out on huge gains if the coin skyrockets to millions, remember that it's all part of the process.
It's a slow but safe way, so appreciate what you've earned.

④ Please, remember this one very important thing – cut your losses early:
Bro, just keep in mind, that having looser trader are completely normal.
Even the greatest trader in the world, suffer looses.
It's a part of the game we are all playing in.
Statistically speaking, there have been very few cases in the market when a meme coin could reverse after a -60% loss.

⑤Avoid chasing unnecessary trades when you're uncertain about potential gains:
You don't want to see your deposit plummet to $0, am I right?
Some coins surge rapidly but also crash just as quickly.
Remember, those who enter early very often like to dump their bags when others join due to FOMO at the peak.

⑥ When flipping shitcoins, FUD is often misleading about 70% of the time:
Don't blindly believe everything you hear; conduct your research and trust your instincts.

Here's a personal example 👇
There have been times when FUD led me to sell a coin at a loss, only for it to spike 100x just a few days later from my initial entry.
Now, I've completely changed my strategy. This shift has had a really positive impact on my portfolio.

I have a quick favor to ask 👉👈
I put a lot of effort into crafting this article to be genuinely helpful for you, so if you find it valuable, please follow me, share, comment, or just hit like❤️

#BitEagleNews #Memecoins