There is no god but Allah, He is alone with no partner, to Him belongs the kingdom and to Him belongs the praise, He gives life and causes death, and He is capable of all things 🌹🤍 O Allah, send blessings and peace upon our Prophet Muhammad and upon his family and all his companions 🌹🤍
Two words that are light on the tongue, heavy on the scale, and beloved to the Most Gracious: Glory be to God and praise be to Him, glory be to God the Almighty. 🌹 Pray for our Prophet and beloved Muhammad, may the best prayers and most complete peace be upon him. 🌹🤍
I seek forgiveness from Allah, there is no deity except Him, the Ever-Living, the Sustainer, and I repent to Him. O Allah, send blessings upon Muhammad and upon his family and companions altogether 🌹
O Allah, make Paradise our home and our abode, and let our Prophet Muhammad, peace be upon him, be our neighbor 🤍 O Allah, send blessings and peace upon our Prophet Muhammad and his family and companions altogether 🌹 Send blessings upon the Messenger of Allah 🌹
Explanation of Support and Resistance and How to Identify and Draw Them on Charts
Definition of support and resistance: Support and resistance refer to price levels where the price of the stock or asset tends to stop falling or rising, acting as a "floor" or "ceiling" for price movement. Each support floor and each resistance ceiling. Once a support level is broken, it can turn into a resistance level, and vice versa. Support: A price level where demand is strong enough to prevent the price from falling further. It is often viewed as a "floor" where buyers are likely to intervene and buy, preventing it from falling below this level.
Bitcoin is at the last point in the distribution phase before the drop and correction, and the start of the accumulation phase, now at the last supply point.
Sell Signal (SOW)
The minimum is breached when the price starts to confirm its downward trend. Another last supply point may form, but this is the final step before the drop.
Last Supply Point (LPSY)
After the price drops, the final tests of the demand level are conducted. Like the accumulation phases, these points can form before or after the sell signal and are usually the last upward movements before the drop.
Many ask me how to know if a cryptocurrency is good and not a failed project or a scam?
I will answer you briefly, the first steps you should take before investing in any cryptocurrency:
1- Check the type of project, whether it is technical, artificial intelligence, etc., whether it suits you or not, whether it actually solves problems we face or not, and whether it has a clear future or not.
2- Go to the project's page and open the Tokonomics and check the distribution ratios. If the ratios are distributed among the project owners, supervisors, employees, and marketers, and there is only a small percentage allocated, for example, 10% for traders, then you know it is a scam and a failed project.
3- Look at the market value of the cryptocurrency; for example, if it is less than 70 million, this is a sign that the project will fail. If it is large, that is a good sign.
4- Check the project team and those responsible for it, including owners, managers, engineers, employees, and marketers, and it’s best to follow their accounts on social media and see their profiles on LinkedIn to verify if they actually have degrees and experience in this field or not. If they do not have them or this is their first project, it is an indication of the likelihood of the project failing soon or it being merely a scam.
5- Follow the main pages of the project on social media and their content and posts, and see their interaction on social media platforms and the interaction of people, and whether there is interest in the project from companies and institutions or if they are just running advertising campaigns to attract traders.
Currently, it has broken through the trend line just like it did on December 10 when it dipped to 1.9 and then surged in early January, breaking the trend line to peak at 3.4.
Today, it broke the trend line and bounced at 2.6, then dipped and bounced off the trend line marked in the image. If today’s candlestick closes above 2.4930, that’s a solid signal, indicating a potential trend reversal to the upside if it surpasses 2.5533 without retracing, along with bullish momentum.
Keep an eye on levels 2.5260 and 2.6456; if it breaks them with bullish momentum and doesn’t retrace at 2.6461 (retrace zone), expect a rally to 2.6700 2.7000 2.9000 3.0000
If it exceeds 3.0020, expect further gains to 3.1500 3.2000 3.4000
If today’s candlestick closes below 2.4800, expect a drop to 2.3500; if that breaks, the decline may continue to 2.2900 / 2.1340, and 2.2123 would be a retrace area. If it doesn’t bounce and breaks down, it will aim to break 2.0617 to test 1.9528 and 1.7683.
If it breaks 1.7680, expect a drop to 1.6270 1.5200 1.4300 The lowest expected bottom at 1.1000 The highest expected peak at 3.4034
$BTC I will give you a summary of the Bitcoin topic from my point of view..
Currently it is in an upward trend since January 2024.
1- Either it will drop these two months at 77, 74, 66, and 64 and return to complete the upward trend on the one-year frame, to a higher peak at 130 until December of this year or the first half of 2026, then the downward trend and correction will begin, and it will take a few months until December 2026 or the first half of 2027, then a new upward trend will begin until 2029!!
2- Or it will rise in the coming months to a peak higher than 110, then target the levels of seventy and sixty at the end of this year or the beginning of 2026, and become a downtrend until the end of the year or the first half of 2027, then start an uptrend until 2029-2030
This is generally on the annual scale, not its precise movements in the months and weeks.
In addition, the Bitcoin correction in general will range between 40,000 and 60,000 at the next downtrend, and it will start from the peak it will reach!
(If you have another expectation, feel free to ask respectfully! Otherwise, keep it to yourself)
I do not recommend buying or selling. You are a free person to make your own trading decisions. This is just an analysis and a point of view, not an investment advice or recommendation. 🤝🏼🌹
In Nov 2017 there was a price gap between 6-9 thousand and it rose to a peak of 19 thousand then closed it in Jun 2018 and fell to 3 thousand in January 2019 then rose to 13 in Jun 2019 and there was a gap at 6 thousand and closed it in Mar 2020.
The first picture of the left square is dated May 2019 at 6-7 thousand and the last square on the right when targeting to close the gap was on OCT 2020.
Then after that it rose and reached a peak of 65 thousand on Apr 2021 then after that it fell and closed the price gap at a price of 17 and 16 thousand on Jun 2022 and Dec.
Then at the beginning of 2023, the rise began and there was a price gap at 24 thousand on Feb 2023, then it closed on Aug 2023 and rose to a new peak at 74 thousand on Mar 2024.
There was a gap at 48 thousand on Feb 2024 and closed it on Aug 2024. Then it rose to its last peak at 109 at the beginning of this year, January.
There is a price gap between 77 and 78 on Nov 2024, which the last decline targeted to close, and there is a gap between 70-74 on Nov 2024 and a gap of 62 and 64 on OCT 2024 that has not been closed yet, in the last picture. It may go down, close it and rise to a peak higher than 110, or it may be satisfied with the last target that reached 78 this year and closed many price gaps, but these are the most important gaps in Bitcoin's history.
A trading strategy is a set of rules and guidelines that traders use to make informed decisions about buying, selling, or holding financial instruments such as stocks, currencies, or commodities. It is a systematic approach that helps traders identify and capitalize on trading opportunities based on their analysis of market conditions.
Main ideas: Having exit strategies, such as stop-loss orders, take-profit targets, and trailing stops, can make it easier for traders to manage risk and preserve profits without getting carried away by their emotions. Risk management and exit strategies are important for any trader who wants to maintain discipline and succeed in the long term, especially in volatile crypto markets. This article looks at five exit strategies for traders and then discusses some ways to combine the different strategies.
You can achieve your financial ambition in this world in several ways, the most important of which is mastering some skills; as the more skills you have, the more your opportunities multiply. Swing trading is one of the skills that may enable you to achieve that goal, and perhaps the most important thing that distinguishes it is that its return does not depend on the number of hours you spend trading, but on the quality of the deal and the accuracy of targeting.
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