This market is incredible; in 24 hours, the asset can increase by more than 50%, which is a great opportunity to see money grow quickly, but certain requirements must be met for this to happen.
The big opportunities are the hardest to catch, so it is necessary to persist in studying this pattern that makes prices rise like this.
It's very simple to see when a crypto begins to create interest among investors and the crypto community; just look at its market value or daily appreciation. But I want to talk about $C98 , its chart is trending upwards, confirming what I just mentioned earlier. It has appreciated and suffered liquidity, but investors continue to hold it, following the resistance as you can see from the marking. You know what will happen next if it is broken.
The mistake made by many players is to trade without training beforehand. Many look at the market as a solution to achieve financial freedom, but unfortunately, few succeed, and I believe this is due to a lack of training.
The #Binance offers a training account, both for spot or futures traders. In this account, you can develop your strategies and test them without losing any value. Don't be anxious to make money; first, learn in a demo account, then move to a real account.
I decided to take a look at the chart of $XRP , last year there was a bullish session and now we have entered a bearish session.
By looking at the chart, we can see the trend and a zone that represents profit for some traders as you can see the marking made, the probability of decreasing is higher because there is no price consolidation and all attempts at correction have been rejected.
We are in a down session and therefore decided to talk about one of the most common mistakes made by traders.
Many say that you should buy when the price depreciates, but they do not mention when to make the purchase. The purchase should not be made just because the price is low; this operation should be based on analysis. You need to open the chart and check if it is the exact moment to make the purchase or not, because it is from the charts that we can predict a correction or the continuation of the trend.
A real example occurred with $BTC , $BNB , they were going down but still did not show signs to act on the purchase operation.
It is a pattern when a cryptocurrency appreciates after losing its value, now it is happening with $BTC , it's her turn to follow the market pattern that what goes up must come down, but this devaluation does not mean the end or that we won't see the price appreciate again, this is just a buying opportunity, if it goes down then it can also go up.
If you don't know what support and resistance are, I say you should already know because the market moves based on that.
Continuous low session for $BNB after an attempt to correct we see the price drop further down, we now have an open buying opportunity, but do not buy like a speculator.
Well, analyzing the graph in the image we see that it is lateralizing or the price is between 72k and 67k, but it is important to note that we have supports and resistances formed that are the basis for predicting a movement. For now, there are no signs of a downward or upward trend, but we can see that at any moment.
$ZKP had a good increase in the last 24h and the market shows a very simple pattern that if we are not monitoring all the crypto we could understand the moment it goes up or down. Monitor $ZKP because it will drop at any moment.
$BTC and $BNB show almost the same behavior, this seems like a coincidence, but I think that cryptocurrencies follow the movement of Bitcoin perhaps because it is the mother of cryptocurrencies, I believe this is a pattern created by large investors. Monitoring these cryptocurrencies is important because it helps us predict the trend of other cryptocurrencies; it can also be considered as a fundamental or technical analysis of the markets.
There are still no signs of a possible correction despite the price having risen slightly, we have a resistance in the range of $666, the first attempt to break was rejected and we can see that the price is tending downwards, if the support is broken we will see the price lower.
Yesterday we saw the price of $BTC between 69k and 72k, there was a lateral movement and 4 attempts to break the resistance of 71k, its rejection indicates a probability of seeing the price today below 69k.
$ARC and $BIRB shorts have fully delivered and hit targets clean. Momentum expanded exactly as expected and sellers kept control throughout the move, giving a very smooth follow-through from the breakdown.
I’ll be closing the entire position here and locking in full profits. Clean execution, clean result — this one played out exactly according to plan. {future}(BIRBUSDT) {future}(ARCUSDT)
The influence of $BTC is significant, they are following the same trend, and this is logical because of short-term traders, but there are still no signs of a possible correction.
The two show you the percentages, one negative and the other positive; knowing this is essential before carrying out a transaction, whether buying or selling.
A cryptocurrency that has increased by 45% or more is very risky to buy; if another has increased by 150% and then had a liquidity of 45%, it is also risky, except if there is a consolidation, I will explain why.
The one that had a 45% increase is risky because its appreciation reflects the volume of investment, and this means that there are traders who expect to profit from it, and we know what happens when traders take their profits; liquidity occurs.
The second case is risky because it only had 45% liquidity, but there remains 105% which represents profits for the traders; consolidation is a sign that the price will be maintained for some time. In this case, it is necessary to carry out constant monitoring by analyzing the chart and updating the news because the crypto market is very volatile.
As a reference, I can mention $DASH and $ZEC ; we saw them well above their current values because those who held their value decided to take their profits.