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Tamilnadu Crypto News
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By @tamil_btc
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#Educational

We have some candlestick pattern which are widely used by the trader inside those technical chart pattern just to add extra confluence to it.
Distribution of #ETH staking by validator pool
Bitget is preparing to apply for a crypto trading license in Hong Kong.
#Educational

Stop-loss and limit orders

When trading with us, you can Set stop loss and limit orders to automatically close your positions at market levels you choose.
A stop-loss caps your risk by closing your position when the market reaches a position that’s less favourable to you.
Basically, by using a stop loss , you’re establishing the maximum amount you stand to lose if the market moves against you.
#Educational

What is Engulfing Candlestick Pattern ?

#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.

There are two types of Engulfing Candlestick patterns:

1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.

2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
Alchemy Pay adds Google Pay for on-ramp fiat-crypto purchases
The Chinese central bank injected $92bn #USD into the market on Friday!

This easily outpaces the Fed’s current QT.
#LDO , During the good growth it has made, but it has not yet reached the ceiling of its ascending channel, the growth will continue until it fails to break the dynamic support.
#NEO has a very important resistance in the area of ​​13.20-12.20 dollars. And considering the upward movement it has had, we expect it to move another step and reach resistance.
#DASH going aggresive with Higher Highs and Higher lows . Price is on its way to a strong resistance zone of $81.20 - $85.40. A retracement would be best case for entering a buys. So, wait for a drop till support around $65.00
#Educational

What Is the Risk/Reward Ratio?

The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns.

Example : If you risk $100 and expect to make $200, your Risk/Reward ratio will be 1:2 .
Fetch.ai Partners with Bosch to Form a Foundation to Promote Industrial Applications Using Web3 Technology.

Peter Busch, Chairperson of the Fetch.ai Foundation, Bosch:

“Bosch as one of the world wide leaders in industrial engineering and mobility solutions sees the huge need for smarter technologies and governance to cope with the challenges coming with ever more connected ecosystems regarding safety/security, privacy and data ownership. In combining disrupting Web3, AI and Open Source technologies with the proven world class hardware and software capabilities of the classic engineering corporations, this foundation is the perfect endeavor at the right time — this gets even more exciting the more other partners will join!”

Humayun Sheikh, Fetch.ai CEO & Founder said:

“This is an exciting phase in Fetch.ai’s journey as we will see our Web3 tech products enabling real world industry applications with partners such as Bosch. Bosch will also help us fast track Web3 adoption in the industry and encourage other industry players to join us in this journey. More industry applications will also bring new business opportunities for the existing tech entrepreneurs in the Fetch.ai ecosystem.”

https://medium.com/fetch-ai/fetch-ai-partners-with-bosch-to-form-a-foundation-to-promote-industrial-applications-using-web3-58b11ba70871

📍 Follow @Coins for the hottest news in crypto.
Money is flowing back into bonds again.

📍 Follow @tamil_btc for the hottest news in crypto.
Fetch.ai Partners with Bosch to Form a Foundation to Promote Industrial Applications Using Web3 Technology.

Peter Busch, Chairperson of the Fetch.ai Foundation, Bosch:

“Bosch as one of the world wide leaders in industrial engineering and mobility solutions sees the huge need for smarter technologies and governance to cope with the challenges coming with ever more connected ecosystems regarding safety/security, privacy and data ownership. In combining disrupting Web3, AI and Open Source technologies with the proven world class hardware and software capabilities of the classic engineering corporations, this foundation is the perfect endeavor at the right time — this gets even more exciting the more other partners will join!”

Humayun Sheikh, Fetch.ai CEO & Founder said:

“This is an exciting phase in Fetch.ai’s journey as we will see our Web3 tech products enabling real world industry applications with partners such as Bosch. Bosch will also help us fast track Web3 adoption in the industry and encourage other industry players to join us in this journey. More industry applications will also bring new business opportunities for the existing tech entrepreneurs in the Fetch.ai ecosystem.”

https://medium.com/fetch-ai/fetch-ai-partners-with-bosch-to-form-a-foundation-to-promote-industrial-applications-using-web3-58b11ba70871

📍 Follow @tamil_btc for the hottest news in crypto.
Between 25k-26k, there are open ~14K #BTC  short positions.

1st Scenario. These positions are being liquidated or squeezed, which could increase the price.

2nd Scenario. The ones that open them will force a long squeeze, which could decrease the price.

@tamil_btc
🆘 Here is a list of the China coin narrative.
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