When in doubt about whether to continue holding or to sell? In a bull market, everyone is excited about making profits, and many have forgotten how their accounts were in the red before. I have been in that situation during the bull cycle of 2021 when the market wiped out all my profits in just a few short weeks. At that time, I was greedy, thinking it would go up further. Currently, I see many friends have made some profits from their investments, yet many are hesitant to hold for fear of a price drop, and are afraid of selling too early and getting burned. In the excitement of the market, greed and fear still exist within each person. So, what should we do? 1. If you've already tripled or quadrupled your investment, I honestly advise you to withdraw your principal and then take profits gradually at different price levels. Instead of selling everything or holding on, which only makes you uncomfortable. This way, you can preserve your capital while still having coins to sell if the market rises. If there is a drop, you will still feel comfortable because you've withdrawn your principal, only losing part of your profits. At this point, holding onto coins will also give you confidence to wait for the market to recover. 2. If you have profits but haven't tripled or quadrupled, and you're not sure whether to hold or sell, in my opinion, the best approach is to sell 50% and keep 50%. If the price goes up, you still have 50% left to sell; if the price drops, you've already sold 50%. ššNo one is skilled enough to buy at the bottom and sell at the top. Before thinking about grander things or protecting yourself, first protect the capital you've created.
P/S: This is the chart #LINK ; I've been DCA-ing since 2022, and I've already quadrupled my investment, I withdrew my principal when the price was at $26, and recently started taking profits at $30. I think this asset can go up further, and if it does, I'll continue to take profits. Itās been raining too heavily this weekend, canāt go anywhere. Just wanted to share here!
Bitcoin Heatmap! A brief explanation of the liquidity chart of bitcoin for those who are unclear. - The chart shows a large liquidity zone for btc in the price range from 95k to 105k. It can be understood that there are many orders, and if the price touches or exceeds this zone, these orders will be liquidated. So what does it mean? + Case 1: If btc breaks 105k, short orders will be liquidated immediately. We understand that when shorting, you will borrow btc from the exchange and sell it to get usd. So when the order is liquidated, the exchange will sell your margin usd to buy back btc, at this point the demand for buying btc increases sharply, causing the price of btc to continue to rise. + Case 2: If btc drops below 95k, it is similar, but this time long orders will be liquidated, causing the price to drop significantly. * In summary, at the price range of 95-105k, there is strong liquidity. If the price breaks 105k, it will cause btc to rise strongly to higher levels, and if it drops below 95k, there will be nothing left. Those who play stocks are probably familiar with the case of Tesla and Gamestop a few years ago, as many short-selling funds were wiped out. You know what to do!! If it rises, it will rise strongly, and if it drops, it will also drop strongly. If you find it useful, please give a like šš.
Pumped 10k Usdt SCR in the past 2 weeks! Reasons - Extremely strong backer lineup - 2 rounds of series A, B have raised 80m$ valued at 1.8b$ in series B. - circulating supply 190m and it won't start paying early investors until 5/2025. - quite a high rating, even higher than projects worth several billion $ - only 6 investment funds, the likelihood of these funds partnering together is quite high. Thatās enough to invest ššPersonal opinion, not advising anyone to invest based on this. Profit and loss are at your own risk $SCR
What to do in this fierce market!! If you zoom in on the daily, weekly, or monthly frames, you can see that coins have been growing quite strongly over the past two months, doubling or tripling is normal. The drop last night was nothing unusual, BTC is still holding strong, the upward trend is still there, and a correction is necessary to calm down the indicators that are at high levels. So what should we do next? I think we should just sit still, I see many experts calling to invest in altcoins right now, but I don't. BTC has lost upward momentum in the short term, and if the weekly candle doesn't close above 100k, it's quite dangerous. The other day it broke 100k but with low volume, which seems suspicious, and if BTC drops, all the altcoins will be in trouble. Let's wait until the end of this week to see what BTC wants. If it drops sharply and you have money, then buy altcoins heavily; if it goes sideways, just keep watching; and if it goes up, just watch as well. š„š„š„ Investment must determine the position to withdraw capital, okay folks, just seeing it rise and hoping for it to keep rising will leave you with nothing. The other day I withdrew capital #LINK and now I'm just watching it perform. Wherever it goes, it goes.
š¬š¬BTC is rising and altcoins are being sold off quite strongly!!! Last night BTC made a candle up to 99k, seems like it wants to break the psychological resistance of 100k. In my prediction, if the weekly candle does not close above 100k, it is likely to return to the 86-87k range. If it can't break higher, as the volume isn't increasing much. In both cases, whether it goes up or down, altcoins will still bleed. š¤š¤š¤Anyone holding altcoins should best stay still, I still think altcoins have just begun, the account might decrease in the coming days but itās just temporary. For those who have withdrawn their principal to USD these days, you can wait; whichever coin comes back to a better price range, you can buy lightly. šPersonal opinion, wrong at your own risk!#BTCā $BTC $LINK
BTC sneezed and all the altcoins dropped!! āµāµāµMany people say alt season is coming, I've been believing that for the past few days too, seeing my account rise 15-20% daily is great, thinking back to the downtrend days when I lost my SH in a single day was really frustrating. Honestly, everyone has probably made some profit lately, and those who DCA long-term are also getting deserved results after months of feeling numb seeing their accounts in the red. It's possible to think about withdrawing the principal now, and just keep the rest. Before thinking about houses and cars, letās secure the capital we put in first. Keep a clear mind to plan for the future. šµāš«šµāš«#LINK I DCAād and even made a profit on the phone case, withdrew my principal at 25.33 this morning. The rest, let it be, whether it goes up or down is unpredictable due to the market..
After nearly 3 years of hard work in DCA, this is the result I received back, thinking about researching this coin and that coin, what's the point, just keep investing in BTC, isn't that good enough, less headache...#linkusd , #achusdt $LINK $ATOM
The cup-handle pattern is the most reliable and often occurs during bullish season!!!..
*A little introduction, this is a model that has been repeated quite a lot in the past, not only in the crypto market but also in the stock market and especially it often appears in coins that increase in price strongly. * Regarding the model, I took the ZIL/USDT model as an example during the 2021 price increase (I made a lot of money that year). The model consists of 2 parts: + The cup drawn in red occurs during the accumulation phase and ends with a price increase. This is the phase where big hands collect goods. When they feel they have collected enough, they start to push the price up with increased volume (white arrow).
Altcoin season? (personal opinion, whoever wants to read it)
*This market is frankly a niche and unofficial market so it is natural that it is not managed and prices are manipulated.
*In the past, altcoin season happened when btc continuously broke the peak, people's attention increased (newspapers and radio stations continuously reported), a large number of new people entered and at this time btc was quite high, people wanted to find cheaper coins in the hope of finding a winning lottery ticket.
Is anyone mistaken about an altcoin season? I went around square and saw saints commenting on which altcoin season is a sign (btc side, d.usdt down, total up, d.btc down), I suddenly felt like there are still so many chickens who don't know anything and comment like it's real, knowing a little bit just think I'm good.
You can't find what I wrote below because this is my experience and research after being beaten down by the market many times from 2016 until now. First: I would like to say that the above signs only happen when the altcoin season is happening, when you see those signs clearly and jump in, you'll just be in a pot of boiling water for them to pluck feathers and put on a plate.
Second: Btc is the face of the market, the fluctuations of btc will affect the whole, btc must increase but may not increase as strongly as in the first stage, history shows that altcoin season does not occur at the end of the period when btc increases and then goes sideways, but during the period when btc is increasing but is no longer strong (if anyone wants to hear an explanation, please comment and let me know). Third. Money flow will flow from high to low, but that does not mean that every coin receives money flow, so you have to look at the trading volume of btc and altcoin to know where the money flows, and how I will explain in another post. Fourth. The altcoin season will not last long because if btc fluctuates, the market's emotions will follow it, so altcoins can easily go up and down quickly despite signs of good market health, so it is necessary to have a suitable trading strategy (risk management, capital preservation, profit optimization). If you think you're still young, just ask, there's nothing to be shy about.
Heatmap Analysis #bitcoin 1. Important Price Levels - Strong Resistance**: The area of āā**56,000 - 58,000 USD** is indicated by bright areas, indicating large trading volume and could be a strong resistance zone. Here, sellers may be dominating and it is difficult for the price to break through.
- Support**: The area below **54,000 USD** is brighter, indicating large buying volume, this could be an important support zone for the current price increase.
2. Price Trend
- The price has dropped sharply to near **52,000 USD**, then bounced back. The candlestick chart shows that after bottoming at **52,000 USD**, the price is in a recovery trend to return to **54,000 USD**.
- However, the bright zones at **$56,000** and **$58,000** will be difficult resistance levels to overcome unless there is a large buying force.
3. Trading Volume
- The bright zones at **$54,000 - $56,000** show significant trading volume, which could create a big move when the price approaches these zones.
- If the volume continues to increase when the price reaches this level, the possibility of a correction is high.
4. Potential Signals
- Bullish Signal: The price could continue to increase if the current buying momentum is maintained, especially when it is at the resistance level around **$54,000**.
- Correction Risk: If the price fails to break above the **$56,000** resistance zone, it is likely that the price will be pushed back and test lower support levels.
Conclusion:
- This chart shows that Bitcoin is in the recovery phase after the drop, but the strong resistance zones around **$56,000 - $58,000** could be a big challenge.
- The important support below $54,000 will play a key role in keeping the price from falling further
1. **Price Level** - The current price has reached **10.39**, an important resistance level near the EMA200 (10.33).
- Previously, the price fell to **9.28** and then bounced, indicating a strong recovery after a sell-off.
2. **EMA Line** - **EMA50 (10.14)** crossed **EMA100 (10.14)** from below, which is a sign of a short-term bullish reversal.
- **EMA200 (10.33)** acts as a strong resistance level, the price needs to break through this level to continue the long-term uptrend.
3. **MACD Indicator** - **MACD** is showing bullish momentum with blue bars, and the **DIF** indicator (0.07) is above **DEA** (0.06), reflecting increased buying pressure.
- However, the MACD level is positive but not too high, so we still need to be cautious with the possibility of a short-term correction.
4. **Trading Volume (Vol)** - The average trading volume is not too high, but there are some spikes, which could be a sign of the participation of big players or profit-taking sessions.
5. **Important Zones** - **Resistance**: 10.39 - 10.53 (where the EMA200 intersects with recent peaks).
- **Support**: 9.86 - 9.28 (where the recent bottom was formed).
Conclusion: The current chart shows a short-term bullish signal, but for the trend to be consolidated, the price needs to break through the resistance zone of 10.33-10.53 along with high volume. In case of failure to break through, a correction to the support zone may occur.
The chart shows a strong downtrend after peaking at 4,093.92, the price is currently at 2,292.40, below the Bollinger Bands average (MB - 2,834.55). The Bollinger Bands are expanding, indicating high volatility. The price moving near the lower band shows that selling pressure is dominant.
Regarding the moving averages (MA), both MA(5) and MA(10) are falling, reflecting a short-term downtrend. The price is currently below both MAs, reinforcing the negative sentiment.
High trading volume at the dips suggests that many investors are taking profits or cutting losses, increasing selling pressure.
The MACD indicator also shows continued bearish momentum as both the MACD line and the signal line (DEA) are below zero and are falling. DIF is at -236.50, indicating that the bearish momentum is still strong, with no signs of a reversal.
In short, the short-term trend is still bearish and there are no positive signals for a reversal. Investors should be cautious and monitor technical factors before making a trading decision, especially if the price continues to remain below important resistance levels.
1. **Bollinger Bands (BB)**: The price has touched the lower band at **9.28** and is bouncing up, currently approaching the middle level (MA line, around **10.03**). This indicates that the price is likely to reverse to the upside. However, if the price fails to break above the middle band, the downtrend may resume.
2. **MA Line (5,10)**: The MA(5) line is below the MA(10), indicating that the short-term trend is still weak. However, the gap between the two lines is currently narrowing, signaling the possibility of a golden cross (MA(5) above MA(10)), a bullish signal.
3. **MACD**: The MACD is in the crossover phase with the signal line, and both are near the 0 level. This usually signals a potential reversal from bearish to bullish. At the same time, the histogram columns are turning from negative to positive, indicating that buying momentum is increasing.
4. **Volume**: Although there were some large volume columns before, the volume has recently decreased, which may indicate caution from buyers. However, if the price continues to increase with higher volume, the uptrend will be reinforced.
**Conclusion**: Potential growth signal after a sharp decline. However, it is necessary to monitor the volume factor and the intersection of the MA and MACD indicators to confirm a stronger uptrend.
1. **Bollinger Bands (BB)**: - The price is moving within the Bollinger Bands with a downward trend, near the lower border. It shows that the price may be in the oversold zone, but there is no clear sign of a reversal.
- The middle line (MB) is currently sloping down, confirming the downtrend.
2. **MACD**: - The MACD line is slightly crossing below the signal line and both are in the negative zone, indicating that the price may fall further.
- However, the difference is not too large, it is possible that this decline is not too strong or is nearing its end.
3. **Recent Price**: - The recent price is 10.19, just bounced from the recent bottom of 9.82. There is a possibility of a short-term small recovery before deciding the next trend.
4. **Trading volume**: - Volume does not increase suddenly, this shows that the selling force is not too strong or buyers and sellers are still cautious.
In summary, the price is in a downtrend, but there is a possibility of a short-term recovery. AE be careful with firewood.
Price action shows that after a sharp drop to 10.50, the price tends to move sideways and fluctuate in a narrow range between 10.50 and 11.00. The Bollinger Bands indicator shows that the price is near the lower band (10.89), signaling a possibility of recovery or continued sideways movement. The MACD has almost no clear crossover, showing a lack of direction in the market. The decreasing liquidity also shows indecision from investors.
Trading strategy:
Open a buy order when the price exceeds 11.00, Stop loss below 10.50, Take profit at 11.70.
***Give me a follow so I have motivationš„³š„³š„³ >>Note: the market can have unusual fluctuations, manage risks, always set SL >>>Do your own research and be responsible for your moneyššš #LINKUSD
1. **Main Trend:** - The price reached a high of 44,800, then dropped sharply to 9,931 and continued to decline below 4,656.
- The long-term trend shows a significant decline after a period of strong growth.
2. **Bollinger Bands:** - The Bollinger Bands are widening, which usually indicates increased volatility.
- The current price is moving near the lower Bollinger band, indicating that the downtrend may continue.
3. **Moving Average (MA):** - The MA(5) and MA(10) are above the current price, indicating a downtrend.
- The MA(10) is above the MA(5), a sign that the downtrend may continue.
4. **Trading volume:** - Trading volume has decreased after a period of explosion, which may indicate a lack of interest from investors at the moment.
**Conclusion:** - The price is in a long-term downtrend with weak support from technical indicators.
- If the price continues to hold below the MA lines and the lower Bollinger band, the downtrend may continue.
***Give me a follow-up to motivate meš„³š„³š„³ >>Note: the market may have unusual fluctuations, manage your risk, always set SL >>>Do your own research and be responsible for your moneyššš
LINK price update on August 31, 2024 >>>Link closed the previous day's candle with a green candle with a long candle wick and not too high volume, showing that the buyers are trying to push the price up but not really strong. If the market is good in the coming days, LINK may return to the previous peak level: 12.4$ , on the contrary, the price range below 10$ is likely to return. ---In the coming time, I think LINK will go quite uncomfortably because I have not seen the cash flow yet. If you have faith in the project, you can consider DCA below 10$ , this is a fairly strong support area ***Please follow me to motivate meš„³š„³š„³ >>Note: the market can have unusual fluctuations, so manage your risks and always set SL >>>Do your own research and be responsible for your moneyššš#LINKUSD
WARNING šØ Spot Trading Pair Removal As always, BINANCE Announcement
To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs and may delist some spot trading pairs due to various factors, such as low liquidity and trading volume.
Based on Binance's most recent reviews, Binance will delist and cease trading the following spot trading pairs:
At 03:00 on 2024/08/30 (UTC): ALCX/BTC, BCH/TUSD, CHZ/BRL, ETHFI/BNB, OMNI/BRL >>>
SOL price update on 29/8/2024#SolanaUSTD SOL price in D3 frame closed a bearish candle with the candle body covering the previous bullish candle, the possibility is that in the next few days the price will move within the range of the body, so the price will decrease if the price breaks out: 1: D1 closed the candle below: 142$ open short position and target: 128$ 2: D1 closed the candle above: 160$ open long position and target: 180$ >>Note: the market may have unusual fluctuations, please manage risks, always set SL >>>Do your own research and be responsible for your moneyššš