Blessed to be recognized by Top Crypto exchange Binance two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
The market is not going anywhere. It won't cease to exist. Opportunities will always present. So, why all the rush? To make fast progress now? To become profitable right now? All this rush will only slow you down... In trading - Slow is Fast!
$BTC Weekly Update A good start of the week so far but does that change anything on the weekly chart?
This update will be pretty straight forward as the market haven't done anything yet so i think there is no need to write a long article while things are still the same.
Bitcoin Weekly chart is still in-between two important zones and on a swing perspective i think the better opportunity will be the reclaim of broken range or a move down into the weekly/monthly demand. These are the areas where i will be looking for high confidence swing trades.
BTCUSD (Daily chart)
On the other side Bitcoin daily chart is still within a downtrend. Until these two timeframes shift the trends. I think it's better to take short term opportunities in between.
This $AUCTION drop is reminding me of $TRB when it pumped to $600. Similar pattern can be seen there, Price moved up and dropped without a bounce in between.
Somehow sentiments are the same as well. People kept buying TRB as it was dropping and whales kept selling it. And now people are buying Auction since $40-45 zone while market makers keeps selling it.
Only a small little pops were there on TRB but it was failed to recover back to the highs. Not sure what Auction will do but remember that not every dip deserves to be bought.
I observed the whole Auction move yesterday. They setup a good trap before crashing it. Showed people -2% funding rate for whole day, Bounced the price from $43 to $62. I saw everyone was talking about it and was saying it will keep moving.
I feel sorry for those who lost money on it. Every market move leaves a lesson for you. Take it, Learn from it and keep moving.
There goes $AUCTION dumping almost 50% in a few hours
Crypto Mechanic told you not to chase it right at the top.
CRYPTO MECHANIC
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I don't think it will be a good idea to chase $AUCTION now looking at this daily chart. Price is up 500% without any (Daily) pullback or consolidation in between. It may keep moving up but the risk is a lot more higher here.
A pullback or few days of consolidation will be a better opportunity imo.
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One of my friend got scammed for $2000 and here is how it happened.
I have no idea from where he found this exchange i never even heard of it but he got interested in that because $SOL was trading there at $139 while the original price was $129. He thoughts its a good opportunity to make some money. He decided to test it with $1000. He bought sol on Binance at $129 and deposited into that exchange to sell it for $139.
Luckily he was able to take the withdrawal. Then greed kicks him he bought Sol again for $2000 and deposited it back to that exchange. Now his $2000 is stuck there and that exchange is asking him for another $1000 for verification purpose so they will proceed the withdraw. Its 100% a scam for sure.
I tried to find information of that exchange on X and google, i found nothing. Not sure how he found it but his $2000 are now gone.
Never ever trust any exchange that is not reputable and have no background. Doesn't matter how good the opportunity is the chances of you getting scammed are way more than you'll actually make money. Personally i only trust Binance for the safety of my funds.
I don't think it will be a good idea to chase $AUCTION now looking at this daily chart. Price is up 500% without any (Daily) pullback or consolidation in between. It may keep moving up but the risk is a lot more higher here.
A pullback or few days of consolidation will be a better opportunity imo.
Was in uptrend for days. Price gave a sharp over 30% drop straight into the 1hr demand.
it Was worth taking the risk so i took it.
Don't take it now, I am just sharing how i played this quick move and how you can do it as well. When a token is in an uptrend and gives a good discount going straight into a good zone. it usually provide a good scalp opportunity.