Dominance's relationship with Bitcoin and other currenciesHello traders
. In this post, I have explained the relationship between Domains and Bitcoin and other currencies
.According to this table, you can make the right decisions in trading
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LUNA
LUNA/USDT ----> TUTORIAL (when and why take position ) HI guys we have some questions and now answer that. if you have any idea , you can comment .
answers:
1 and 2 : if we had a strong sell movement it couldn't brake it without any react !! and now if it had broken it would pullback on that level.
(caution : the price goes everywhere finally it has to ( again i repeat it : it has to) pullback that level. and why it has to pull back you must find answer on supply and demand orders.
3: when you have strong movement it hasn't enough time to settled price level but anyway it settle on another time.
4:thats joking if you think Russian or Ukraine people buy and price grows whenever other currency were approximately constant. the answer is exchanger and market makers. but why? they are take profit with 2 strategy. one ,take profit with liquid novice trader with raising unexpected price for many times . two ,they bought on 40$ level and now price is above 90$ so they need time to sell. and they may make another trap for trader they brake the highest historical price and when novice traders were trapped exchanger and professional trader take sell position.
conclusion :
when you see enough reasons for take buy position or sell position and price have enough distance from your levels find entry situation and DONT FORGET MONEYMANAGEMENT then take a your position that's not important after that price go where you just need money management and wait.
be profitable.
Will the crypto market recover? ❇️Hello guys,
Some of you have texted me asking if this market will stay this way? What happened to LUNA? What happened to Tether and Terra?
Well, I will keep this short. You do not need to worry!
People always do this. They always panic and sell RANDOMLY, without reading and investigating the situation.
There will be no time until all intelligent investors realize that it is a significant opportunity for buying. And as soon as the buy volumes start to increase and the fundamental news starts to spread about what a great chance it is to buy crypto, people worldwide will begin to follow and buy more and more out of FOMO, which is not a bad thing.
Of course, we have to be careful. There have been regulations and apparent reasons behind this big crash. And indeed, there will be more regulations. So If you are waiting for this buying opportunity, do not jump ahead.
Wait for some signals, read the news, analyze the market and make sure before jumping on the recovery train.
Until then, have these items in mind in heavy dumps:
1. Do not do leverage trading
2. Do not buy coins in FOMO
3. Do not stick to the screen all-day
4. Do not do revenge trading
5. Do not average out every dip
6. Do not go all in one coin
Let me know your ideas.
Good luck.
Source and Reference: www.forbes.com
❗Black Swan by stablecoins. Threat or opportunity for traders?Hi friends! If it heppen to one UST is it heppen to another stablecoins? Next trigger for BTC dump can be caused by stablecoins instability. In this idea i`ll show you some facts about it!
🦢Black Swan. The last Black Swan in all financial markets happened in 2020 because of Covid-19. The crypto market fell by 64%. After the bull market, the Fed Reserve started raising the interest rate, BTC fell by 56%.
What if all the stabelcoins are not secured by anything? If previously the fall of cryptocurrencies was caused by global cataclysms, now we can expect the first black swan only for the cryptocurrency market.
With a EXTREME fear in the market and panic sales of retail traders, BTC could fall to $22k or lower.
📊Stablecoins by Market Capitalization:
1. Tether (USDT) - $83B
2. USD Coin (USDC) - $48.5B
3. Binance USD (BUSD) - $17.1B
4. Dai (DAI) - $6.9B
5. TerraUSD (UST) - $6.9B
Total: $169.4B
❗It`s almost 10% of TOTAL Crypto market Capitalization (169.4/1400).
💱We all know what happened to Luna and UST stabelcoin. US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year. Even if the LUNA and UST recover to their previous price, a lot of attention will be focused on other stablecoins as well. On the other hand, this is positive for the crypto market and market players, as crypto security will increase.
✅Friends, if you don`t know what to do when BTC fall by 60-75%, check this idea! I made an educational idea for you when BTC was $39k. It describes 3 ways how you can identify the bottom of the market for BTC and Altcoins!
Friends, where will Bitcoin bottom price? $20-22k or lower? Or BTC already find the dip and go to renew ATH? Share your ideas in comments!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
potential strateges to survive the bear marketThe war between Bulls and Bears are natural and inevitable, as a matter of fact the market needs the bearish momentum in other to create more entry opportunity for buyers.
Bear market is difficult to articulate as no one can actually predict the top or when it would hit the bottom making it difficult. to tell when to exit the market during the bull run and when to enter during the bear blood bath and wrong timing leaves traders with regret.
the most important thing in every war is being the survivor and to be the survivor you need some strategic approach. in view if this i am highlighting 6 Crypto bear market survival insight on this article to help you survive any bear market.
1/} DO NOTTING: why should you sell the innovation which you you believe in and also has the potential to change your life in longer term.
>more so its much better to be hodler than a trader as you wont be missing any opportunity
>knowing that crypto market is not just designed to only moon should give you the assurance not to panic sell.
>the crypto market correction (aka bear market) should be seen as an opportunity to buy more.
2/} GO 100% CASH: if you are good in market analysis and you dim your trading strategy fit, you may consider going 100% cash or 100% stable coin any time the market hit resistance and you buy back on support bottom. but chances are that you will miss some opportunity as no one can actually be 100% accurate on crypto market.
3/} DCA: this is one of the unique strategy that many individuals utilize even michael saylor the founder of micro strategy which holds about 129,218 bitcoin have been trading with this method.
Dollar Cost Average technique is a great method method to lower the entry price of an asset. This can be archived by buying more during a potential market decline (eg, 20%, 40%, 60%,) this could give you an edge as you could make 10x of your investment before the market rebounds to your first entry point.
4/} portfolio Allocation: in other to minimize the wight of bleed in your portfolio during bear market, it would be wise to diversify your portfolio (eg, 60% Bitcoin and 20% eth and 20% stable coin.) if bitcoin goes down 50% their are chances that other alt has hit 70-90 percent lower from the all time high.
i will be posting how to effectively portion your coin on my twitter page so try to check it out.
5/} Fund Management: you need to have a strategic approach on managing your buying power. i have had people complain of not having fund to buy more. don't go all in at a time in other to have funds at your disposal. always anticipate that the market could go lower. split your 100$ in 10 packs to enable you buy more 10 market dips.
6/} Be smart: stay healthy with good diet, exercise regularly and read
that would be the end for today, i would like to here your opinion or the strategy that you are using on the comment section.
plz kindly follow and share with your friends.
don't forget to hit the like button.
trade safe
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction
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FLAG pattern Definition :
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag .
A bearish flag is known as a Bear Flag .
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction
📚 LEARN MORE
💰 EARN MORE
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag .
A bearish flag is known as a Bear Flag .
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Luna Starts To Look Up (How Does It All Works?)The bias on the chart above can be seen clearly...
Prices continue to aim higher.
The market moves in cycles...
The pairs move in cycles/waves...
We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.
After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.
But if you look at it closer, you can clearly notice higher highs and higher lows.
When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.
We can wait patiently for the next jump.
Only if prices print lower highs and lower lows, we can expect for things to go wrong.
As the chart looks now... The Luna bulls are in full control.
Namaste.