🚨 Beware while you trade on Huobi ! They opened trading while deposits suspended ! You know what it does mean 😏
Huobi Trading started at 40+ usdt and deposits are suspended. Which raise doubts who is selling if no one can deposit!
Meanwhile total supply as per whitepaper is 80bn which means 3.2Tn FDV.
Circulating supply also around 1-2bn. But supply in Huobi must be close to 0 except Huobi team itself selling their own stack. Too much shady behaviour by Huobi.
Huobi Trading started at 40+ usdt and deposits are suspended. Which raise doubts who is selling if no one can deposit!
Meanwhile total supply as per whitepaper is 80bn which means 3.2Tn FDV.
Circulating supply also around 1-2bn. But supply in Huobi must be close to 0 except Huobi team itself selling their own stack. Too much shady behaviour by Huobi.
⚡️MARKET MOVEMENT⚡️
While macro has been the main driver behind crypto price action throughout most of the year, this changed after the FTX implosion. Correlations dipped to as low as 0.17 immediately following the collapse and have stabilized below 0.6.
Overall, despite briefly decoupling from US equities markets, crypto is not insulated from the broad macro backdrop.
While macro has been the main driver behind crypto price action throughout most of the year, this changed after the FTX implosion. Correlations dipped to as low as 0.17 immediately following the collapse and have stabilized below 0.6.
Overall, despite briefly decoupling from US equities markets, crypto is not insulated from the broad macro backdrop.
வரும் ஆண்டு உங்கள் அனைவரின் நியாயமான விருப்பங்கள் அனைத்தும் நிறைவேறும் ஆண்டாக அமைய அனைவருக்கும் அன்பு வாழ்த்துகள்.
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nammacrypto.com tamilbtc.com cryptoindia.link signup.asia
What you need to know about Inversed Head and Shoulder Pattern?
✅An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
✅It is used to predict reversals in downtrends.
✅Investors typically enter into a long position when the price rises above the resistance of the neckline.
✅An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
✅It is used to predict reversals in downtrends.
✅Investors typically enter into a long position when the price rises above the resistance of the neckline.
What you need to know about ascending triangle and Imbalance Candle?
✅An ascending triangle is a bullish formation that could be use to spot a reversal price action.
✅The Trend support is formed by a successive higher high.
✅A good entry set up is always on a breakout retest for confirmation to avoid fake out.
Imbalance Candle:
✅An imbalance candle is a price action that is overpowered by either seller or buyer. It creates a long gap between the previous and proceeding candles.
✅The price usually fill this zone to make it balance at any given time.
✅An ascending triangle is a bullish formation that could be use to spot a reversal price action.
✅The Trend support is formed by a successive higher high.
✅A good entry set up is always on a breakout retest for confirmation to avoid fake out.
Imbalance Candle:
✅An imbalance candle is a price action that is overpowered by either seller or buyer. It creates a long gap between the previous and proceeding candles.
✅The price usually fill this zone to make it balance at any given time.
📖Quick Technical Analysis Education
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
📖Quick Technical Analysis Education
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
📖Quick Technical Analysis Education
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
📖Quick Technical Analysis Education
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
BTC Quick Take:
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range