it can be difficult to discern which assets have the potential for growth and which do not. However, upon closer examination of $LTC , it appears that this digital asset may have a promising future.

Despite a price decline over the last two years, the On Balance Volume chart indicates a significant amount of buying pressure for $LTC as compared to $BTC . This suggests that investors are bullish on $LTC and believe that it has room for growth in the future.

Investors and traders alike should keep a close eye on $LTC and consider it as a potential addition to their portfolio. As with any investment, it is important to conduct thorough research and analysis before making any decisions. However, the indicators suggest that $LTC may be a worthwhile investment opportunity for those willing to take the risk.

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#SHIB /USDT 1- DAY CHART UPDATE ;

SHIB

SHIB coin has just touched the trend line and is back up! If it crosses the trend line and closes above the trend line , we could see a potential increase of up to 28% 💰📈

Make sure to keep a close eye on SHIB and set your stop losses accordingly.

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Educational Post

Basic Crypto Terminology & Basic Concepts

Crypto Trading Terminology & Concepts

1 Bitcoin = 100 million satoshis (1.00000000 BTC)

What is a Satoshi? The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

Exchange: A platform that connects buyers and sellers. Users can buy and sell available cryptocurrencies on the exchange. The top exchanges for trading are Binance, BitMex, and Kucoin.

FOMO: Fear of missing out. This happens when a coin is rapidly rising in value and people buy it without research, hoping to make quick profits or not to be left behind.

FUD: Fear, uncertainty, and doubt. Investors or traders are unsure about the next movement of the coin and sell at market price, causing panic and heavy selloff.

Total supply: The total number of coins that will ever exist. The total supply of Bitcoin is 21 million.

Circulating supply: The number of coins in circulation, or the number of coins that have already been mined.

Bull market: A market in which prices are rising. The coin is making higher highs in a given time frame. Bull markets can depend on time frames. If you look at the BTC chart from 2010 to 2020, you will see many bull markets on the chart.

Bear market: A market in which prices are falling. The coin is making lower lows in the given time frame.

Note: A bull market can have many bearish cycles and vice versa, as shown in the chart.

CMP: Current market price.

Market cap: The product of the current price and circulating supply.

Bubble: A market that is increasing without any technical or fundamental basis. The market continues to increase regardless of market conditions and sentiments. The best example of a bubble market is Tulip Mania.



Bots: Trading bots that trade continuously according to their setups.

Swing trading: Swing traders buy and sell a coin on a daily or weekly time frame. Swing traders do not hold positions for long.

Positional trading: Positional traders wait for the best entry and hold trades for weeks or months to maximize profits.

Day trading: Day traders complete trades daily. They close all positions at the end of the day, regardless of profit or loss.

CPI: Consumer price index.

FOMC: Federal Open Market Committee.

Leverage: Some exchanges allow users to buy or sell more coins than they have. This is possible through leverage. For example, many exchanges such as Binance, Kucoin, OKX, and By bit offer leverage trading. The exchanges allow users to borrow extra money from the exchange and trade with it. You can open a position of $2000 with just $200 by using 10x leverage. Leverage may vary by exchange and coin.

Margin: The total amount of funds required to open a leveraged trade. If the margin value drops below the position value, the position will be closed. For example, if you want to open a $2000 trade with 5x leverage, the margin required will be $400. $400 * 5 = $2000

Long position: Buying assets with leverage. Profit and loss depend on the leverage taken. If the leverage taken is 5x and the spot price moves up 10%, the total profit on a long position is 50% minus exchange fees.

Short position: The opposite of a long position. If you think the price of the coin will go down in the coming days or weeks, you can open a short position with leverage.

Bag holder: A trader holding a large position in a coin for a long time.

Volatility: "Volatility" is the percentage change in the price of an asset. Traders check the daily volatility of a coin before opening a short or long position.

"ROE" is the acronym for Return-on-Equity. It is calculated by the actual margin used in a position.

"Altcoin" refers to all coins except Bitcoin, which are known as altcoins or Alts.

A "Whale" is a person who has a large amount of a given coin.



A "Bull trap" is when the price of a coin suddenly increases and retail traders start buying it. However, the price then falls after a fake out on the chart, resulting in many long positions being liquidated.

A "Bear trap" is the opposite of a bull trap.

"Ask" and "Bid" refer to sell and buy orders, respectively.

"Spread" is the difference between the buy and sell orders. Exchanges with high volume typically have low spreads and vice versa.

"Support" and "resistance" refer to a price level where the price of a coin has bounced back multiple times (support) or has retraced from (resistance).

"Walls" are large orders at a specific price. There are both buy and sell walls.

"Stop-loss" is the price at which traders want to cut their losses. For example, if a coin is bought at 100 with a stop-loss at 90, the position will be closed if the price drops 10%. Stop- loss is an important tool for managing risk in trading.

"Liquidity" is a measure of how actively a coin is traded on an exchange. High liquidity means there are more buyers and sellers on the exchange and that the spreads will be low and orders will be filled easily.

An "uptrend" is when the price of a coin makes higher highs and higher lows in a given time frame.

A "downtrend" is the opposite of an uptrend, where the price makes lower highs and lower lows.

"Consolidation" refers to a price range where the price of a coin will trade after a rally or sell-off. The market will be volatile after breaking out of the consolidation zone.

A "correction" is a fall in price after making a new peak or an upwards rally. In the cryptocurrency market, corrections often result in a 20-30% drop in price after reaching an all-time high.

"Sell-off" occurs when traders start to book profits after a rally, leading to a decrease in the price of the coin.

"Rally" refers to an immediate increase in the price of a coin.

"Pattern" refers to a predefined shape on a chart that has been historically studied by technicians. Traders use these patterns to try to predict future price movements.

A "Limit order" is an order that will only execute at a predefined price if the market reaches that price.



A "Market order" is an order to buy or sell at the current price level, executed immediately.

"Time period" or "time frame" refers to the difference between the formation of candles on a chart. Common time periods include 5 min, 15 min, 30 min, 1 hour, 4 hour, daily, weekly, and monthly.

"ATH" stands for all-time high prices.

"Average down" refers to the practice of trying to lower the average entry cost of a position by slowly buying the asset at decreasing rates.

"Initial Coin Offering (ICO)" is a type of crowdfunding using cryptocurrencies to raise capital for early

"Liquidation is a condition in which positions are closed because there is not enough margin available in the account.

Arbitrage is a trading method that involves buying coins from an exchange with a low price and selling them on another exchange with a high price. For example, if Bitcoin is trading at

$5000 on Binance and $5000 on Bitfinex, traders may buy on Binance and sell on Bitfinex.

Websites for Chart Analysis

There are many websites that offer cryptocurrency charts. Trading view is one of the best websites for chart reading and analysis, as it offers a wide range of tools and indicators for chart analysis. Coinmarketcap and Coingecko also provide charts for cryptocurrencies, but do not have as many tools and indicators available for analysis.

Pump-and-dump refers to a situation in which the price of a cryptocurrency is suddenly increased by a group promoting the coin, followed by a sudden decrease in price due to negative news or heavy selling.

#Binance #eth2.0 #crypto2023 #multipreneurs

🚨 Breaking News 🚨

Russia 🇷🇺 has become the second biggest bitcoin miner after the USA 🇺🇸! According to recent reports, Russia's mining output now accounts for over 11% of the global total.

This significant increase in mining activity is likely due to several factors, including the availability of cheap electricity in some regions and the growing interest in cryptocurrency as an alternative investment.

It's worth noting that Russia has also been investing heavily in blockchain technology and is currently exploring the potential use of digital currencies for cross-border payments.

With the Lightning Network and other technological advancements, the future of Bitcoin mining looks bright. Who knows what other countries will join the mining ranks in the near future?

Stay tuned!

#eth2.0 #askbinancesensei #Binance #crypto2023 #BTC

A widely followed crypto analyst says one Ethereum (ETH)-based altcoin has the potential to double in price even after exploding by 500% so far this year.

Render is an image-synthesizing ecosystem consisting of distributed Graphics Processing Unit (GPU) computers. It closed 2022 at $0.406 and is currently trading at $2.46, which is a gain of 505%.

The crypto analyst lays out three different scenarios for the future performance of Render after a meteoric rise this year: a bear case, an “expected” case, and a bull case. He notes his bull case prediction could take until 2025 to materialize.

“This is price prediction per the next bull run, after we get through it. I have a bear case, the expected case and bull case. And this bull run can go through 2025…

I know the moon boys and girls out there will want a 50x or $100 price, et cetera. I don’t see that happening. I do expect the number of tokens to be in circulation at about 465 million by 2025, maybe a little bit sooner, depending on exactly how the burn mechanism works.

And the bear case [at $3.68] will give us a market cap of $1.7 billion, the expected case [at $4.87] $2.3 billion and then $2.6 billion for the bull [at a price of $5.62]. If you are in this and you were lucky enough to buy at $0.40 at the beginning of the year, $0.40 to $3.68 is a pretty good return for a couple of years.”

The InvestAnswers host also says there are a few things to watch for with Render that could make the bull case prediction more likely, including wider adoption and development activity.

“The price action year to date has been stunning. We need a major narrative to drive a major return. So AI (artificial intelligence) has to really explode as well as decentralization has to explode and adoption has to explode and gains will be tied to, again, the performance of the cryptocurrency market.

Now, adoption of Render by businesses and individuals is key for success. They need some new developments and new features. Maybe some more compute power used for different things.”

#Binance #crypto2023 #ETH #eth2.0 #ai

🚨Attention Bitcoin users!🚨

Bitcoin is currently facing a serious threat from BRC-20 "junk" coins. This is causing record high fees and thousands of unconfirmed transactions.

Unlike Ethereum's ERC-20, BRC-20 does not use smart contracts and only operates with wallets that support the Bitcoin blockchain.

Be aware of this issue and take the necessary precautions when making transactions. Stay safe and stay informed!

Follow us for more Quality content.

Thank you.

#Binance #crypto2023 #BTC #eth2.0 #bitcoin

#FLOKI /USDT 5-MIN CHART UPDATE:

🚨Attention Floki token traders!🚨

The current market trend for Floki token is showing a formation of a parallel channel, which may indicate a potential drop in price before a possible market turnaround.

It is important to trade with caution and keep a close eye on the price movement.

Stay informed and trade smart! 💰📈

#eth2.0 #askbinancesensei #Binance #BTC

The world of cryptocurrency has been abuzz with the recent developments surrounding Ethereum. Despite facing network outrage and criticisms, the price of Ethereum has managed to recover slightly in recent days. This recovery has left investors wondering if the coveted $2000 mark is still within reach for the popular cryptocurrency. In this in-depth article, we will explore the factors contributing to Ethereum's recent price fluctuations, examine the network issues it has faced, and analyze whether the $2000 target remains a feasible goal.

Price Volatility and Recovery: Ethereum, the second-largest cryptocurrency by market capitalization, has experienced significant price volatility in recent times. The price of Ethereum faced a considerable decline amidst concerns over the network's scalability and transaction fees. However, despite these challenges, Ethereum has shown resilience by staging a modest recovery. This recovery can be attributed to a variety of factors, including renewed investor confidence, positive market sentiment, and developments within the Ethereum ecosystem.

Network Outrage and Scalability Concerns: Ethereum's recent recovery is noteworthy, considering the network's outrage and associated scalability concerns that had previously impacted its price. The Ethereum network has faced criticism for its high transaction fees and network congestion, causing delays and frustration among users. These issues have led to calls for improvements and upgrades to enhance the network's efficiency and scalability. The Ethereum community is actively working on solutions such as Ethereum 2.0, which aims to address these concerns by implementing a more scalable and sustainable infrastructure.

Achievability of the $2000 Mark: With Ethereum's recent price recovery, many investors are wondering if the coveted $2000 price target is still achievable. While it is difficult to predict the exact future price movements of any cryptocurrency, several factors indicate that reaching $2000 remains a possibility for Ethereum. The ongoing development of Ethereum 2.0, which promises improved scalability and reduced transaction fees, could significantly impact the market sentiment surrounding Ethereum. Additionally, the increasing adoption of decentralized finance (DeFi) applications built on the Ethereum network continues to fuel its demand and potential price appreciation.

It is important to note that various external factors, including market conditions, regulatory developments, and investor sentiment towards cryptocurrencies as a whole, can influence Ethereum's price trajectory. While $2000 is a significant psychological milestone, investors should approach price targets with caution and consider a long-term investment perspective, as short-term price fluctuations are common in the volatile cryptocurrency market.

Conclusion:

Despite facing network outrage and scalability concerns, Ethereum has shown resilience by recovering slightly in recent days. The achievement of the $2000 price target remains a possibility, considering the ongoing developments within the Ethereum ecosystem and the increasing adoption of DeFi applications. However, investors should remain cautious and understand that short-term price movements can be influenced by various factors. Long-term success in the cryptocurrency market requires thorough research, a strong understanding of the underlying technology, and a diversified investment strategy. As Ethereum continues to evolve, keeping an eye on its network improvements and the broader market trends will be crucial in assessing its potential for future growth.

#Ethereum #eth2.0 #ETH #crypto2023 #dyor

There is a popular saying among Bitcoin traders and enthusiasts that goes: "Bitcoin has never made a new low after the Monthly RSI crossed 50, or when the monthly MACD crossed over." This saying is based on historical price action data, and it suggests that when Bitcoin's monthly Relative Strength Index (RSI) crosses above the 50 threshold or when its monthly Moving Average Convergence Divergence (MACD) indicator crosses over, it is a sign that a bull market may be on the horizon.

The RSI and MACD are technical indicators that are commonly used by traders to analyze market trends and momentum. The RSI measures the strength of price action and oscillates between 0 and 100. A reading above 50 indicates that buying pressure is increasing, while a reading below 50 suggests that selling pressure is dominant. The MACD, on the other hand, tracks the relationship between two moving averages and can help identify changes in momentum.

When Bitcoin's monthly RSI crosses above 50 or its monthly MACD crosses over, it suggests that the buying pressure is increasing and that momentum is shifting in favor of the bulls. This historical pattern has been observed across multiple Bitcoin bull markets, including the ones in 2013 and 2017.

While past performance does not guarantee future results, many traders and analysts use this pattern as a tool for identifying potential entry points into the Bitcoin market. However, it's important to note that technical analysis is just one part of a comprehensive trading strategy, and traders should consider a wide range of factors, including fundamental analysis and market sentiment, before making trading decisions.

In conclusion, the saying that "Bitcoin has never made a new low after the Monthly RSI crossed 50, or when the monthly MACD crossed over" is based on historical price action data and suggests that a bull market may be on the horizon when these technical indicators signal a shift in momentum. However, traders should use this information as part of a comprehensive trading strategy and consider a wide range of factors before making trading decisions.

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

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#eth2.0 #BTC #bitcoin #shapella #cpi