It is indispensable for every trading professional to use basic daily indicators, which include constantly monitoring the flow of funds and liquidity. Among these important indicators comes the#totalindicator, which provides a comprehensive overview of the state of the markets. In addition, the#total3indicator is required to examine the flow of funds without the influence of Bitcoin.
The importance of monitoring the Bitcoin Acquisition Index cannot be ignored, as it reflects the movement of the markets inversely, making it a vital guide for anticipating trends. As for the#dxyindicator, which highlights the strength of the dollar, its rise carries within it a warning of a decline in markets, including Bitcoin.
Also, do not neglect the take indicators for .USDT and #USDC, as they provide vital information when shorting them, as their decline can be exploited to make smart decisions in purchasing altcoins. Continue to accompany these indicators, as they are the perfect companion on your long trading journey. #btc🚀 , #USDT #TradeNTell
🔥🚀 Recently participated in a thrilling future trading tournament organized by Binance, bringing together traders worldwide for an intense competition. The tournament, focused on generating maximum profits within a set timeframe, provided a dynamic platform for traders to showcase skills and compete for attractive prizes.
The competition featured a seamless registration process, exposing participants to various future trading instruments. Binance played a crucial role by offering real-time market data, comprehensive charts, and technical indicators, empowering traders to make informed decisions in a fiercely competitive environment.
Educational resources, including webinars and tutorials, enriched the experience, allowing participants to enhance their trading skills. The live leaderboard fostered camaraderie and healthy competition, creating a supportive community.
As the tournament concluded, top performers were rewarded with cash prizes, adding excitement to the overall experience. Reflecting on my participation, it wasn't just a competition but a comprehensive journey offering insights into the complexities of future trading.
I highly recommend such tournaments for those seeking to refine trading skills and experience the vibrant global trading community. 🚀🔥🔥 Best of luck to all traders! 🤗 #BinanceTournament
Solana (SOL) Price Declines from Upward Trend as Institutions Withdraw
The price of Solana (SOL) has seen a significant drop in the past ten days, impacted by the broader market collapse.
This decline has caused concern among institutional investors, prompting them to withdraw their funds from the cryptocurrency.
Growing Doubts about Solana among Institutions Solana is currently priced at $137, attempting to recover from its lowest levels, which reached around $110 due to selling pressure. This decline reflects the behavior of institutions that have notably withdrawn over the past week.
According to a CoinShares report for the week ending August 3, institutional investors withdrew more than $528 million from cryptocurrency assets. While most of this outflow came from Bitcoin (BTC), Solana also saw outflows amounting to $2.8 million.
Bitcoin (BTC) is my choice because it represents money freedom and economic transformation. I can rely on it as a means of exchange without going to banks or traditional financial institutions. It also reflects my desire to be free from government control and central institutions, which makes it a popular choice for me. #BTC☀ #FavoriteToken
ETH is gaining momentum, finding support from both the horizontal line and the trend line. The 200 moving average is currently appearing as a resistance level.
A breakout above the 200 SMA indicates an uptrend, while a successful breakout of horizontal support indicates a potential downward move.
The rise in holdings from 50% to close to 53% put pressure on currencies due to the withdrawal of liquidity in favor of #Bitcoin.
It must fall below 52% in order to give alternative currencies #Alts a chance to rise, as happened in the previous wave (red box) at the beginning of January. #btc #Write2Earn #TradeNTell
In my tweets, I used to give entry and exit points to all my followers based on my trading of various currencies such as BTC and ETH.
But over time, I realized that it was a mistake to give an exit decision for a correction only when we are approaching a coming bull run, because many bought from excellent numbers, and I don't want to waste their opportunity to achieve a higher x if they continued without selling until the bull run. Buying from high numbers is not like buying from low numbers and our situation today is not like yesterday, there is no comparison.
Therefore, the ideal maturity in trading is that each trader has a different opportunity than the other trader. #btc , #Eth #TradeNTell
The price of Bitcoin at the moment is $40,167.33. The price has decreased by 2.08% in the last 24 hours. There are a number of factors that could affect the price of Bitcoin in the next six hours. One of these factors is the performance of global financial markets. If the financial markets decline, the price of Bitcoin will likely follow. Another factor that can affect the price of Bitcoin is news related to cryptocurrencies. If there is positive news about cryptocurrencies, the price of Bitcoin is likely to rise. Based on these factors, the most likely prediction for the Bitcoin price in the next six hours is that it will remain stable or decline slightly. However, there is also a possibility that the price will rise if there is positive news about cryptocurrencies. Here are some specific scenarios that could happen: Scenario 1: The price of Bitcoin continues to decline, dropping to $40,000 or less within six hours. Scenario 2: Bitcoin price stabilizes at or above $40,713.98 within six hours. Scenario 3: Bitcoin price rises, exceeding $41,000 within six hours. It is important to note that these are just predictions, and nothing can be guaranteed. #btc #TradeNTell
ETH/BTC: analysis: The ETH/BTC currency pair focuses on trading Ethereum against Bitcoin. Ethereum is considered the second largest digital currency in terms of market capitalization. What can be paid attention to: Ratio between ETH and BTC: Tracking the changing ratio of the value of Ethereum to Bitcoin can provide an understanding of how each coin is performing compared to the other. Latest Network Developments: Network developments for each coin can greatly impact its performance. Guidance: It may be worth keeping an eye on Ethereum's technological developments and any impact they could have on its value compared to Bitcoin. Please keep in mind that this information is not investment advice, and it is always best to do personal research and consult with a financial professional before making any decisions.
btc/usdt analysis: The BTC/USDT currency pair represents the trading of Bitcoin against the US Dollar. Currently, it is observed that Bitcoin occupies a leading position as the largest digital currency in terms of market capitalization. What can be paid attention to: Technical Analysis: Studying charts and technical indicators can provide a better understanding of potential market direction. Mainstream News: Bitcoin prices are heavily influenced by mainstream news and developments in the digital currency space. Guidance: It may be useful to monitor RSIs and support and resistance levels. Using advanced strategies such as hedging or hedging requires a deep understanding of the market.
I wish you all a happy birthday and a new year filled with joy and success! 🎉🎂 I hope you have wonderful times with your loved ones and achieve all your wishes in the new year. Happy birthday and a new year full of positivity and fantastic achievements! 🎉 #BinanceWish @Hoshan @epprwppr777
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Binance Excellence: My Journey into Futures Trading as a Novice
As I tread the paths of cryptocurrency trading, I boldly ventured into the realm of futures contracts, finding no platform better suited for this exciting venture than Binance. This is the story of my journey as a novice speaker in the world of digital trading through the Binance platform.Part 1: The Journey of DiscoveryIn an attempt to comprehend the world of futures contracts, I embarked on a journey of discovery. I explored their concepts and benefits, understanding how they could play a pivo