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#GOATMomentsGiveaway #Crypto_Angel

Can Beginners benefit from Day Trading ?
(Episode 2 )

Day trading strategies: how to make more money with trading

Scalping:

Scalping is a very common trading strategy among day traders. It involves taking advantage of small price moves that happen on short time frames. These can be gaps in liquidity, the bid-ask spread, and other market inefficiencies.

Scalpers will often trade on margin or trade futures contracts to amplify their results with leverage. Since the percentage price targets tend to be smaller, larger position sizes make more sense. In fact, this is generally true for most day trading strategies.

However, trading with leverage doesn’t mean that risk management principles go out the window. A successful scalper will be aware of margin requirements and apply proper position sizing rules. If you’d like to read about a simple formula for position sizing, check out How to Calculate Position Size in Trading.

Scalpers may use strategies such as order book analysis, volume heatmaps, and many technical indicators to define their entry and exit points for individual trades. However, due to the fast trade execution and high risk, scalping is generally more suitable for skillful traders. In addition, due to the extensive use of leverage, a few bad trades can quickly blow up a trading account.

In essence, you Should know how to trade before using scalping strategies to make money .

Moreover , it is advisable to scalp with reasonable amount of money in order to make profits with little price movements.

DYOR

Wait for new strategy in the next episode

#Crypto_Angel

I'm very bullish on Bitcoin now!!

This news can fundamentally trigger more uptrend in Bitcoin

Michael Saylor’s Microstrategy Buys Another $147M of Bitcoin

MicroStrategy, the largest corporate holder of Bitcoin (BTC), has announced its latest purchase of approximately 5,445 BTC for $147.3 million in cash. The average price per coin, including fees and expenses, was approximately $27,053

This acquisition brings MicroStrategy's total Bitcoin holdings to around 158,245 BTC, purchased at an average price of $29,582 per coin. The company has invested a total of $4.68 billion in Bitcoin.

The continuing accumulation of Bitcoin by MicroStrategy demonstrates the company's belief in the cryptocurrency as a long-term investment and store of wealth. However, due to the current bear market, the fiat value of Bitcoin held on MicroStrategy's balance sheet is around $4.1 billion.

MicroStrategy began acquiring Bitcoin in 2020 and co-founder Michael Saylor has emphasized the company's objective of continuously, openly and responsibly purchasing and holding Bitcoin.

Let's keep building

#Crypto_Angel

You might be Fed up with Crypto!

I have a very big secrete to share with you. Maybe as you are reading this post, you might be totally Fed up or tired of trading cryptocurrencies because of your constant losses.

The irony of life is that, you might have lost just $100 and you feel your whole world is crushing!! While the other guy might lost above $1,000 and still be strong and even ready to risk more! Why?

There are three obvious reasons:

1. You felt that $100 is a heavy loss because that is almost all you have in your savings! You start to remember what $100 can do for you and your family because you don't have enough money yet. The $100 loss therefore become almost unbearable that you might even think of giving up in crypto!

2. The other guy that lost $1k in trades might feel as if he lost a $1 because he has more to risk.

He doesn't feel it because that money is a little of what he can afford to loose. He is a rich guy who wants to increase his money.

3. The other guy might not have enough, but he has the mind to bear the loss, he has a strong and positive mindset of making it out on crypto no matter how many times he losses! This guy is simple being persistent and pessimistic that he must make profits out of crypto trading.

Meanwhile, whichever category you belong to, wait to hear my category.

In the next post, I will tell you my category in the above three explained. My journey can be a good encouragement for you.

Don't miss it!

We need each other to survive in this space, one way or another!

#Crypto_Angel

Can Beginners benefit from Day Trading ?
(Episode 1)

How day traders make money 🔥

Successful day traders will have a deep understanding of the market and a good chunk of experience. Day traders will typically use technical analysis (TA) to create trade ideas. They will usually use volume, price action, chart patterns, and technical indicators to identify entry and exit points for trades. As with any trading strategy, risk management is essential for success in day trading.

As fundamental events may take a long time to play out, day traders may not concern themselves with fundamental analysis (FA). Even so, there are some day traders that base their strategy around "trading the news." This involves finding assets with high volume thanks to a recent announcement or piece of news and taking advantage of the temporary spike in trading activity.

Day traders aim to profit off of market volatility. As such, volume and liquidity are crucial for day trading. After all, day traders need good liquidity to execute quick trades. This is especially true when it comes to exiting a position. A large slippage on just one trade can have a devastating impact on a day trader’s trading account. This is why day traders will typically trade highly liquid market pairs.

Some day traders will only trade one market pair, such as BTC/USDT. Others will create a watchlist based on technical or fundamental attributes (or both) and choose what instrument to trade from that list.

Wait for the next episode .

#Crypto_Angel

BEGINNER'S GUIDE TO CRYPTOECONOMICS - THE IMPACTS TO TRADERS & INVESTORS
(Part 2)

Continues from part 1
With the creation of Bitcoin, Satoshi Nakamoto introduced economic incentives to a peer-to-peer network and solved this problem.

Since then, decentralized networks have continued to rely on cryptography to achieve consensus regarding the state of the network and its history. Also, most networks have been incorporating economic incentives that encourage network participants to behave in certain ways.

This synergy of cryptographic protocols with economic incentives enables an entirely new ecosystem of decentralized networks that are resilient and secure.

What is the role of cryptoeconomics in Bitcoin mining:

The goal of Bitcoin is to create a value transfer network that accurately verifies transfers of value, and that is immutable and censorship-resistant. 

This is achieved through the process of mining, in which miners who successfully validate a block of transactions are rewarded in bitcoin. Such economic incentive encourages miners to act honestly, making the network more reliable and secure.

The process of mining involves solving a difficult mathematical problem based on a cryptographic hash algorithm. In this context, hashes are used to tie each block to the next block, essentially creating a timestamped record of approved transactions called the blockchain. 

Hashes are also utilized in the computational puzzles that miners are competing to solve. Additionally, one of the consensus rules that transactions have to follow is that a bitcoin can only be spent if a valid digital signature is generated from a private key. 

These technological rules relating to mining are aligned with the security requirements of the Bitcoin network, including preventing malicious actors from taking control.

Let's keep Learning and building together 💪

#Crypto_Angel

Getting deep into Bitcoin Blockchain as a beginner ( Part 6)

Is Bitcoin Safe?

One of the main risks associated with Bitcoin is the potential for hacking and theft. For example, in phishing scams, hackers use social engineering techniques to trick users into revealing their login credentials or private keys. Once the hacker has access to the user's account or crypto wallet, they can transfer the victim's bitcoins to their own wallet.

Another way hackers can steal bitcoins is through malware or ransomware attacks. Hackers can infect a user's computer or mobile device with malware that allows them to access the user's Bitcoin wallet. In some cases, hackers can also use ransomware to encrypt a user's files and demand payment in bitcoins to unlock them.

Because bitcoin transactions are irreversible and not insured by any government agency, users must take precautions to protect their bitcoin holdings. This includes using strong passwords, two-factor authentication, and storing bitcoins in a secure crypto wallet that is inaccessible to hackers. It's also important to only download Bitcoin-related software from trusted sources.

Another risk associated with bitcoin is price volatility. The value of bitcoin can fluctuate highly over short periods of time, making it a risky investment for those who are not prepared for the potential losses.

CLOSSARY:

Bitcoin is a decentralized digital currency that has gained significant attention in recent years. It was created to provide an alternative to traditional financial systems and operates on a peer-to-peer network, allowing users to send and receive payments without intermediaries.

While Bitcoin is still a relatively new technology, it's already revolutionizing the way we think about money. As bitcoin and other cryptocurrencies continue to evolve, it will be interesting to see if they become a part of our everyday lives.

#Crypto_Angel

BEGINNER'S GUIDE FOR ENTERING A PROFITABLE FUTURE TRADE (Episode 2)

Ensure to read episode 1 because this episode is a continuation of it.

Bearish Divergence - Enter a short position when price action is getting higher highs, and RSI is getting lower highs. Better if it occurs in overbought conditions (RSI>70). Additional confirmation may come from the appearance of a hammer candlestick or a bearish engulfing pattern.

Exit Strategy

The next significant levels of support and resistance.
When RSI reaches overbought (>70) or oversold conditions (<30).

PRO Tips

Best used following a trend as it is a sign of possible trend reversal. Look for Bullish Divergence when the price is on a downtrend and Bearish Divergence when the price is on an uptrend.

Wait for the next episode

Let's keep Learning and building together 💪

#Crypto_Angel

UNDERSTANDING SUPPORT AND RESISTANCE AS A BEGINNER( Part 5)

In this part of our lesson , I will be teaching about trend line support and resistance as one of the types .

Trend line support and resistance:

If you’ve read any  classical chart patterns article, you’ll know that patterns will also act as barriers for price. In the example below, an ascending triangle keeps the price contained until the pattern breaks to the upside.

In the screenshot below ,Trendlines acting as support and resistance for the S&P 500.

You can use these patterns to your advantage and identify areas of support and resistance that coincide with trend lines. They can be especially useful if you manage to spot them early, before the pattern is fully developed.

More coming shortly !

So, wait for part 6 as I will be talking about Moving average support and resistance.

stay tuned .
Let's keep Learning and building together 💪

#Crypto_Angel

Getting deep into Bitcoin Blockchain as a beginner ( Part 5 )

How many bitcoins are there?

The protocol sets the maximum supply of bitcoins at 21 million coins. As of 2023, just over 90% of these have been mined, but it will take over a hundred years to produce the rest. This is due to periodic events known as halving, which gradually reduce the mining reward.

What Is Bitcoin Halving?

Bitcoin's halving is a process that reduces the rate at which new Bitcoin blocks are created. Specifically, it refers to the periodic halving events that reduce the block rewards offered to miners. The next Bitcoin halving is expected to happen in 2024, roughly four years after the last halving, which took place in May 2020.

Bitcoin halving is at the core of its economic model as it ensures that coins are issued at a steady pace, getting increasingly difficult at a predictable rate. Such a controlled rate of monetary inflation is one of the key differences between cryptocurrency and traditional fiat currencies, which have an essentially infinite supply.

more coming shortly !

stay tuned.
Let's keep Learning and building together 💪
#Crypto_Angel

BEGINNER'S GUIDE FOR ENTERING A PROFITABLE FUTURE TRADES
( Episode 1)

RSI trading strategy :

Having studied about candlestick patterns and the applications, now lets learn how make profits in futures trading using RSI.

RSI (Relative Strength Index) is a momentum indicator showing overbought and oversold levels. If the RSI reaches above 70, it is considered overbought; if it reaches below 30, it is considered oversold. The RSI Divergence strategy indicates possible entry points when the RSI trend is diverging (or going in a different direction) with the price action.

Timeframe:

RSI Divergence is a possible trend reversal setup and can be used in any timeframe but is more effective on longer timeframes (4H or D1), as this is where you can see the primary trends of a currency pair.

Acceptable Cryptocurrency Pairs:

✅ Applicable to any currency pair.

Tools/Indicators Needed

Price Action
RSI (14)

Entry Strategy:

Bullish Divergence :(Sown in the attached image)
* Enter a long position when price action is getting lower low, and RSI is getting higher lows. Better if it occurs on oversold conditions (RSI<30). Additional confirmation may come from the appearance of an inverted hammer or shooting star candlestick or a bullish engulfing pattern.

Wait for the next episode for more understanding ✅

Let's keep Learning and building together 💪

#Crypto_Angel

The 7 more things that will make you grow from a beginner to a successful and rich trader (Episode 3)

1. A profitable trader lets their profits run until their trading strategy gives them an exit signal.

2. A profitable trader trades with the trend (for the most part). Pullbacks and countertrend strategies may be traded conservatively, but profitable traders understand that countertrend movement is short-term and fleeting.

3. A profitable trader views each trade as a separate and distinct interaction with the market and analyzes it accordingly.

4. A profitable trader never chases. They don’t chase the markets. They don’t chase the money they lost in a bad trade. They stay sound and wait for the setups their trading plan dictates.

5. A profitable trader never overtrades. They stay patient.

6. A profitable trader becomes a student of the game, hungry for knowledge and always in pursuit of more information to sharpen their game.

7. A profitable trader analyzes the market and makes calculated decisions. They do not trade on a promise and a prayer.

Wait for more episodes 😇🧡

Let's keep Learning and building together 💪

#Crypto_Angel

We hit 50k 🔥🚀Yepee !!

Next target: 100k 🚀🚀🔥🔥

Thank you my 50k Fans !! cheers 🥂👏🎉

TBH, we did this together because, as you learn from me, I also learn from you via your questions and earnest contributions.

Hence, I will keep creating educative,informative and inspirational crypto contents to satisfy your trading and investment needs.

And I wouldn't have achieved this milestone without you , my amazing fans!🧡

As you already know, all my contents are totally free for your consumption , however , you can always show appreciation when you keep on participating actively on my posts by liking it, sharing it and commenting on it each time I create helpful posts or articles .

I'm so proud of you all my followers.

Lets hit the next target ASAP 🥰

Don't forget to always share as you hit like!

Lets keep learning and building together 💪

#Crypto_Angel

Beginner's guide to cryptoeconomics - the impacts to Traders and investors (Part 1)

In simple terms, cryptoeconomics provides a way to coordinate the behavior of network participants by combining cryptography with economics.

Meanwhile, Cryptoeconomics brings together the fields of economics and computer science to study the decentralized marketplaces and applications that can be built by combining cryptography with economic incentives.

More specifically, cryptoeconomics is an area of computer science that attempts to solve participant coordination problems in digital ecosystems through cryptography and economic incentives. 

It is essential to consider cryptoeconomics when building decentralized networks because it is the mechanism that provides a way to align participants’ incentives without the need for trusted third parties.

Rather than being a subset of traditional economics, cryptoeconomics is a mix of game theory, mechanism design, mathematics, and other methodologies from the field of economics. The main goal is to understand how to fund, design, develop, and facilitate the operations of decentralized networks.

This article will dive into the origins of cryptoeconomics and its role in the design of Bitcoin and other decentralized networks.

What problem does cryptoeconomics solve?

Before the emergence of Bitcoin, it was commonly believed to be impossible to create a peer-to-peer network where consensus is achieved without significant vulnerabilities to attacks and faults.

This problem is often referred to as the Byzantine General’s Problem. It is a logical dilemma that demonstrates how, in distributed systems, it is critical for the different actors to reach agreements.

The problem assumes that since some of the actors might be unreliable, agreements can never be made, and the network cannot function as intended. 

Wait for part 2

Let's keep Learning and building together 💪
#Crypto_Angel

The 8 more things that will make you grow from a beginner to a successful and rich trader 🔥 (Episode 2)

In trading the markets, there are many things that separate successful traders from those who end up losing money. Knowing what these things are can help you become a better trader, and potentially make more profit in the long run.

Here are 8 habits that profitable traders exhibit. Learn from them and implement them in your own trading to become successful even as a beginner.

1. A profitable trader analyzes every single closed trade — both winners and losers — to find areas of improvement.

2. A profitable trader may have different trading resources they use, but they always rely on their own sound reasoning rather than blindly following other trading influencers or signal-callers.

3. A profitable trader steers clear of the markets when they have certain reservations and doubts.

4. A profitable trader knows the reward-to-risk ratio of any trade they enter — before they enter.

5 A profitable trader knows if they have adequate capital to risk in order to realize their objectives.

6. A profitable trader exhibits self-control and patience, understanding that they don’t need to be in a trade at all times. They know there are stretches of time where they just won’t have a position, simply because their trading plan does not warrant it.

7. A profitable trader keeps their stop-loss where it is, never widening it on a whim or canceling it altogether.

8. A profitable trader abides by their stop-loss and cuts their losses — instead of wishing the trade reverses for them.

Wait for the next Episode

Let's keep Learning and building together 💪
#Crypto_Angel

UNDERSTANDING SUPPORT AND RESISTANCE AS A BEGINNER (Part 4)

So, we’ve gone through how support and resistance works when it comes to price action. But what other types of support and resistance are out there? Let’s go over a few of them.

1. Psychological support and resistance

The first type we’ll discuss is called psychological support and resistance.

These areas don’t necessarily correlate with any technical pattern but exist because of how the human mind tries to make sense of the world.
In case you haven’t noticed, we live in a staggeringly complex place. As such, we inadvertently try to simplify the world around us so we can make more sense of it – and this includes rounding numbers up. Have you ever thought to yourself that you have a craving for 0.7648 of an apple? Or asked a merchant for 13,678,254 grains of rice?

A similar effect is at play in the financial markets. It’s especially true for cryptocurrency trading, which involves easily divisible digital units. Buying an asset at $8.0674 and selling it at $9.9765 just isn’t processed the same as buying it at $8 and selling at $10. This is why round numbers can also act as support or resistance on a price chart.

Thus, this phenomenon has become well-known over the years. As such, some traders might try to “frontrun” obvious psychological support or resistance areas. Frontrunning, in this case, means placing orders just above or below an anticipated support or resistance area.

Take a look at the example in the attached screenshot below which shows US Dollar Index (DXY) reverses before reaching 100.

As the DXY approaches 100, some traders place sell orders just below that level to make sure those orders are filled. Because so many traders expect a reversal at 100 and many frontrun the level, the market never reaches it and reverses just before.

Wait for part 5

Lets keep learning and building together 💪

#Crypto_Angel

UNDERSTANDING SUPPORT AND RESISTANCE AS A BEGINNER (Part 3)

Lets continue from How traders can use support and resistance levels

Entering a trade near a level of support or resistance area may be a beneficial strategy.

Mainly because of the relatively close invalidation point – where we usually place a stop-loss order.

If the area is breached and the trade is invalidated, traders can cut their loss and exit with a small loss. In this sense, the further the entry is from the zone of supply or demand, the further the invalidation point is.
Something else to consider is how these levels may react to changing context.

As a general rule, a broken area of support may turn into an area of resistance when broken. Conversely, if an area of resistance is broken, it may turn into a support level later, when it’s retested. These patterns are sometimes called a support-resistance flip.

The image in this post shows the area of support breaks and turns into resistance when retested.

The fact that the previous support zone acts as resistance now (or vice versa) confirms the pattern. As such, the retest of the area may be a favorable place to enter a position.

Another thing to consider is the strength of a support or resistance area. Typically, the more times the price drops and retests a support area, the more likely it is to break to the downside.

Similarly, the more times the price increases and retests a resistance area, the more likely it is to break to the upside.

Lets keep learning and building together 💪

#Crypto_Angel

SUMMARY Q&A In Dual Investment To assist you in passing it's corresponding quizzes

Q1) What kind of product is Dual Investment?

Answer: Investment product where users have a chance to sell high or buy low at their desired target price on the desired settlement date while earning additional crypto rewards. Dual Investment does not guarantee a minimum return

Q2) Which statement about the Dual Investment Auto-Compound feature is correct?

Answer: The Auto-Compound feature helps users to automatically renew their Dual Investment subscriptions on the Settlement Date

Q3) What are the risks of Dual Investment?

Answer: The risk is that if the market price on the Settlement Date goes far below my Target Price to buy, I am buying at a relatively higher price and vice-versa

Q4) Which statement about the Dual Investment Auto-Compound feature is not correct?

Answer: The Auto-Compound feature comes with no additional risk involved

Q5) What is a benefit of using Dual Investment?

Answer: Earning High Rewards

Q6) For which scenario can users use Dual Investment?

Answer: Both A and B are correct

NB:
To understand scenario A and B, read this article: https://www.binance.com/en/feed/post/1120102?ref=114597231&utm_campaign=app_share_link article

Q7) Which asset is not available in Dual Investment?

Answer: SHIB

Q8) In which wallet can users find their active Dual Investment subscription?

Answer: Earn Wallet

Q9 ) In what wallet will I see my returns from dual investment after it expires?

Answer: Spot wallet

Q10) What is the Target Price and Settlement Date in Dual Investment?

Answer: Target Price = the price at which I want to buy or sell cryptocurrency, Settlement Date = the date at which I want to buy or sell cryptocurrency

Q11) I am hoping to buy 1 BNB at 210 USDT. I subscribed to BNB Dual Investment “Buy Low” product with a $210 Target Price to buy BNB. At the settlement Date, the BNB price is $250. How much will I receive at the end?

Answer: 1 BNB + interest yield in BNB

Q12) Add your last question
#Crypto_Angel #BinanceEarn

(SPONSORED)

DUAL INVESTMENTS MADE EASY WITH THESE REVELATIONS FOR BEGINNERS

Question 1.
Can I get double rewards in USDT if I subscribe to dual Investment even as a beginner?

Answer:
You can get investment amount plus double interests / profits using Binance Dual Investment

Asking how:

firstly, If you buy BTC USDT low and sell it high = Capital + 1st Interest(profit)

Secondly , You will get interests in APY for subscribing to Dual Investment = 2nd Interest (profit )
This is how you will make double interest by subscribing to Dual Investment in Binance.

Question 2
Give me 1 reason I should use dual investment instead of spot trade

Answer:
I will give you 3reasons instead:

1. In spot trades, you earn only one type of interest which is the direct gain you got from your trades in case you didn't sell below purchase price WHILE in dual investment, you get double profits if you sell high; which is the profit from selling high +interest in APY

2. In spot trades, you don't make interest when you buy a coin WHILE in dual investment, you get interest in APY for buying low

3. You also have to pay some trading fees in spot WHILE in dual investment, there is no trading fees at all

Question 3
After the settlement day/time, how will I get my invested money from dual investment ?

Answer :
Your total earnings including the capital and interests will automatically drop into your spot wallet.

Question 4
What are the risks of dual investment ?

Answer :
I already provided answers for this question , but because some new users are still asking in comment section , so I will repeat;

The only major risks of Binance Dual Investment are as follows :

1. You cannot cancel your subscription once you subscribe until the settlement date

2. You may end up not selling or buying the assets at your desired price target because the market price couldn't reach your target till the settlement date.

Apart from these, Dual Investment is great passive income generator .

If I haven't attended to your own question, drop it in comment, I will answer.

#Crypto_Angel

(SPONSORED)

Hey everyone ,

please check this post out. it is amazing 😍