On 02/26/24 I bought 23 USDT to start trading in Spot with this bull market (I don't like Margin). Today, after 12 days of entering some days on and others not because of my work, I have doubled my investment to 46 USDT to date. I have identified that no market is bad or good if you have the knowledge and tools to surf. However, I like the volatility of Crypto memes because they give quick profits.
Without charging you a penny I will tell you what I have done (if you are as new as me). In any case always remember: DYOR
(With your money in the SPOT wallet)
1. Locate the 1-hour time chart of the Crypto market you want to buy (you can do it with other time frames but this one has worked much better for me).
2. Configure the bottom panel to show you the RSI indicator (as it is in the images).
3. Wait (YES, PATIENCE IS KEY) for the RSI to be below 30, hopefully close to 20, to place a buy order. Don't be distressed if when you buy the price continues to go down (it will eventually go up again as the probabilities are high). HERE READ ABOUT WHAT an RSI indicator is and what it is for.
4. Once you have placed the buy order, identify the resistance zone that the price has frequently been touching.
5. Once the above is done. Place a sell order with the price target you identified in the resistance zone.
6. Leave that there and go have a coffee or do something else. Monitor every half hour or hour how the price is going. If you see that the price is too far from your target, consider repurchasing even lower and setting a new target price (This in case some FUNDAMENTAL breaks the TECHNICAL indicator). Although always, and more so in this bull market, when buying with an RSI less than 30, close to 20 or less, it almost always results in the price being at RSI 70 or 80 in a few hours, making your investment grow.
Repeat this exercise as many times as you can. If it helps you, come back here and say thank you ;)
Imagine you have a magic box where every time you draw something cute about cryptocurrency and share it with your friends, the box gives you little treasures. Binance Square has created something similar with its#Write2Earnpromotion.
If you draw (write) something interesting about cryptocurrencies and share it on Binance Square, and your friends like and click, comment or share your drawing, you can get up to 5% of what Binance charges for allowing your friends to trade cryptocurrencies. It's as if, when you share your drawings, the magic box gives you coins for being popular among your friends.
To participate, you simply have to go to Binance Square, make your drawings (write your posts) making sure they are long and good, and don't forget to put a special hashtag #Write2Earn. If you do it right, you can start receiving treasures in the form of digital currencies called USDT.
But remember, your drawings have to be original and you can't just ask your friends to click or share without them actually liking it. There is a limit to the amount of treasure you can receive each day, and Binance will make sure you play fair.
So get creative, share your cryptocurrency knowledge or stories and start earning treasures! 🚀
Binance Square Crypto Enthusiasts! 🚀 Here I bring you a fresh summary of the latest trends in the world of cryptocurrencies so you don't miss anything. 🌍💼
1️⃣ Bitcoin Maintains Stability: As US regional banks face turbulence, Bitcoin remains firm around $43,000. This behavior highlights its potential as a safe haven asset in times of financial uncertainty. 2️⃣ Bold Predictions for Bitcoin Price: An analysis based on ETF flows suggests a bright future for Bitcoin, projecting a price of up to $131,000 by the end of the year. This analysis highlights the positive influence of ETFs on the Bitcoin market, promising a significant boost to its value. Staff Reductions at Polygon Labs: In a move toward greater efficiency, Polygon Labs has reduced its workforce by 19%. This adjustment reflects the efforts of crypto companies to optimize their operations in the current economic climate *What does this mean for us, Binance Square traders and enthusiasts?** These developments underline the importance of always being informed and ready to adapt to the changing dynamics of the crypto market.
✨ My advice: Keep an eye on how these trends may influence the market and consider adjusting your trading and investment strategies accordingly. Knowledge is power and being informed is the first step towards success in the crypto world!
Remember, the future is bright for those who intelligently navigate the waves of the crypto market. Let's continue sharing and learning together!#TradeNTell🌐💡
Attention#BinanceSquarecrypto-creators! 🌟 Did you know that now you can earn 💰 simply by sharing your crypto wisdom? With Binance's new#Write2Earnpromotion, it's possible! Here I tell you how: 1️⃣ Create and Share: Publish interesting and original content on Binance Square. Remember to include the hashtag#Write2Earnand make sure your post is at least 200 characters! 2️⃣ Hook your Audience: Make your publications attractive. The more users interact (like, share, comment), the more chances you have to win! 3️⃣ Earn Commissions: Earn up to 5% of the trading fees for spot, margin and/or futures operations made by your readers, if they interact with your content within 180 minutes of its publication. 📈 Earning Potential: There is a total of 10,000 USDT in vouchers available. Don't miss this opportunity to monetize your passion for cryptocurrencies! 👉 Golden Tip: Keep your content authentic and valuable. Content that encourages liking or sharing does not qualify for rewards! 📅 Deadline: You have until February 25, 2024 to participate! So what are you waiting for? Start creating, sharing and earning on#BinanceSquaretoday! 🚀#CryptoKnowledge#CryptoCommunity #EarnWithBinance
LIVE
Binance Announcement
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Binance Square #Write2Earn: Enjoy Up to 5% Trading Fee Commissions With Your Binance Square Posts!
This is a general announcement. Products and services referred to here may not be available in your region. Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis. Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC) How to Participate Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement. Rewards Structure Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s). Post on Binance Square Now to Earn 5% Commission! Notes Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode. About Binance Square Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history. For More Information What Is Binance Square and Frequently Asked Questions Terms & Conditions This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-01-22
🌟 Hello Binance Square community! 🚀 Here I bring you the latest trends in the crypto world for this January 30, 2024:
1. Bitcoin Maintains Strength: Bitcoin remains around $43,000, showing signs of recovery along with increasing momentum in altcoins. This could be the prelude to a broader bullish wave! (Source: CoinMarketCap) 2. Binance and Custody with Swiss Banks: Binance adapts to increasing counterparty risks by offering custody services with Swiss banks. This is a strategic move that reinforces security and trust in the platform. (Source: CoinMarketCap) 3. Google Opens Doors to Crypto Ads: Google has decided to allow ads related to cryptocurrencies, including Bitcoin ETFs. This is a positive sign for greater adoption and visibility of cryptocurrencies. (Source: CoinMarketCap)
🔮 Projections for Major Cryptocurrencies on Binance:
• Bitcoin (BTC): With an eye on the upcoming halving, some analysts are optimistic about its future value. • Ethereum (ETH): Continues to be a key player, with expectations for further growth. • Binance Coin (BNB): As the native token of the largest cryptocurrency platform by volume, it maintains a track record of solid performance.
Stay tuned for more updates and always remember to do your own research!#TradeNTell🌐✨
🌟 Hello crypto community! 🚀 Here I bring you a summary of the latest news from the world of cryptocurrencies on January 29, 2024, full of emotions and news.
✨ Google has announced that it will allow cryptocurrency ads, including Bitcoin ETFs. This is great news as it could increase the visibility and adoption of cryptocurrencies! (Source: CoinMarketCap)
🔎 On the regulatory front, the US SEC has postponed its decision on BlackRock's proposed Ethereum spot ETF until March 10. Stay tuned to see how this influences the market! (Source: Crypto.com)
🌍 Internationally, Hong Kong is preparing to launch its first spot crypto ETFs in mid-2024, which could be a big step forward for the Asian market. (Source: Crypto.com)
📈 As for the projections for the top 5 cryptocurrencies on Binance, here's a quick summary:
1. Bitcoin (BTC): After a weekend of slight rise, Bitcoin continues to show its strength. Watch out for upcoming ETF decisions! 2. Ethereum (ETH): With ETF anticipation and continued development, it could reach new heights this year! 3. Binance Coin (BNB): Always a strong competitor, Binance Coin could benefit from more adoptions and developments on the Binance platform. 4. Solana (SOL): With a record increase in new addresses in January, Solana is attracting a lot of attention! 5. Ripple (XRP): Always on the radar, Ripple could see interesting moves depending on the results of its legal battles and adoptions.
🔮 Remember, the crypto world is always full of surprises and opportunities! Stay informed and don't forget to do your own research before making investment decisions. #CryptoUpdates #BinanceTrends #MarketWatch #TradeNTell 🌐💹
Attention crypto enthusiasts! 🎉 This weekend, Bitcoin put on a show, dancing around $42K! 🚀 The bulls are back and the bears… well, they're in hibernation. 🐻💤
Altcoins were not far behind, with a green party in the market. 📈 Manta Network and SATS are leading the conga with spikes of 21% and 18.4%. What a rhythm! 🎶
Bitcoin long contracts are also riding the wave of optimism. Will we be surfing towards a fabulous February? 🏄♂️ Analysts have their eyes on the top of $50K!
And while some DeFi tokens stumbled, others got up and put on their dancing shoes. 💃 The NFT market may be in the shadows, but it's gearing up for its big comeback! 🌟
So, ready to ride the crypto wave with me? Let's get on board and share this journey with #TradeNTell! Let's go Team! 🌐✨
[Remember, invest wisely and never more than you can afford to lose.] 🙏
What an exciting day in the markets! With #Bitcoin crossing the 40,500 USDT mark, it seems we're up for a potential rally towards 41K! ✈✈ What are your thoughts? Is it time to hodl or take profits? 🤔
Meanwhile, #ALTSEASON is making an impressive jump of 8.46%! Is this the beginning of an altcoin season? 🌟
Don't forget to share your thoughts and strategies using #TradeNTell. Your experiences could guide others in their crypto journey, and you could also win up to 5,000 USDT! 💰
➡️ Prediction of the day: If Bitcoin holds above 40,500 USDT for the next few hours, we could see a push towards 41K. Keep your eyes on the prize and those charts updated!
✋ Share your journey, support fellow traders, and let's keep growing together! #CryptoCommunity #BinanceMagic
Do you have any winning strategies or trading tips you want to share? It's your time to shine! 🌟
Use the hashtag#TradeNTellin the Community tab and share your wisdom with the world. Not only will you help other traders, but you can also earn up to 5,000 USDT. 💸
Remember: In trading, knowledge is power and sharing it is our strength! 💪#CryptoCommunity#BinanceTips