mastery queen how are you not going to do live today you missed it 🤪
Mastercrypto33
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$PAXG $XAU $BTC Hello lovely family... let's think about what's happening? "Bitcoin is weakening and gold keeps growing"??
Amid great geopolitical and macroeconomic uncertainty, gold touched historic highs and continues to grow as a safe-haven asset against the weakness of the dollar, a factor that is conditioning Bitcoin.
In this context, a prestigious market research firm conducted a comparative analysis between gold and the main cryptocurrency, highlighting that Bitcoin exists digitally and is potentially "Vulnerable to future technological threats, while gold needs to be stored."
To consider: "A weaker dollar can exert upward pressure on U.S. inflation, which would also drive up the price of gold" I leave this as a reflection when making a decision on which cryptocurrencies to invest in. I wish you the best and act wisely. Hugs and have a lovely day
The most common trap in trading has a name and surname: let's talk about the False Breakout
This term describes an event where the price breaks an important resistance. We enter Long excited because we are almost millionaires and suddenly, the price turns around so quickly that we don't have time to react and we end up like a dictator who thought he was untouchable, crossing a hemisphere in a matter of minutes without understanding what happened... Gud mornin japi niu yiar 🫠
And what happened there? There was no real money backing that rise. 🤷🏻♂️ To avoid this bad moment, we must know an extremely useful tool: The Volume Bar (VOL)
If I had to stick with just one indicator on the entire Binance interface, it would be this one. Volume is the trace that money leaves when it enters or exits the market. The price can lie, but volume always tells the truth
Green bar: There was more buying pressure and the price closed higher Red bar: Greater selling pressure and the price closed lower. Three things you should know:
1. Sales Climax: After a long drop, a giant red bar appears (taller than the previous ones). If after that bar the price stops falling, it means that the Whales absorbed those sales and the floor is near
2. Trend Harmony: In a healthy trend, volume should increase in favor of the movement and decrease during pullbacks. If the price rises and volume decreases, the trend is about to reverse
3. Pro Setup: MA(20) On Binance, the volume defaults to MA(5) and MA(10). My recommendation is to activate MA(20) (I will leave you a video for its setup)
When using MA(20) on the volume, you are seeing if the current money inflow is above the average of the last complete cycle. If a bar exceeds that average line, the interest is real. If it is below, it is pure noise
Volume is the lie detector of trading; if the price rises but the volume does not accompany it, do not believe it!
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