mhk665

BTC/USDT on Binance [1d]
💰Price: 61,504 USDT
📊Volume: 3,700 BTC
🔥 Average Volatility: 3.51%
⚪ RSI(14): 35.25
⚪ MFI(14): 41.74
⚠ CCI(14): -153.10 - Oversold
⚠ BBands(20,2): Near Lower Band
📊 ATR: 2,183 USDT
🔴 SMA(50): Price is below SMA
🔴 MOM(10): Below 0 - Bearish
❇ MACD: Bullish Crossover Mode
🔴 ADX Signal: Strong Bearish Trend
🔴 Parabolic Sar: Bearish
🔴 TD Sequential: 3 Down

$BTC

BTC/USDT on Binance [1d]
💰Price: 61,504 USDT
📊Volume: 3,700 BTC
🔥 Average Volatility: 3.51%
⚪ RSI(14): 35.25
⚪ MFI(14): 41.74
⚠ CCI(14): -153.10 - Oversold
⚠ BBands(20,2): Near Lower Band
📊 ATR: 2,183 USDT
🔴 SMA(50): Price is below SMA
🔴 MOM(10): Below 0 - Bearish
❇ MACD: Bullish Crossover Mode
🔴 ADX Signal: Strong Bearish Trend
🔴 Parabolic Sar: Bearish
🔴 TD Sequential: 3 Down
#ta $BTC #technicalanalyst #BTCBreaksBelowRainbowChartFloor

BTC/USDT on Binance [1h]
💰Price: 61,566 USDT
📊Volume: 692.08 BTC
🔥 Average Volatility: 0.89%
⚪ RSI(14): 52.45
⚪ MFI(14): 44.74
⚠ CCI(14): 120.26 - Overbought
⚪ BBands(20,2): Normal Range
📊 ATR: 499.38 USDT
🔴 SMA(50): Price is below SMA
❇ MOM(10):Above 0 - Bullish
❇ MACD: Bullish Crossover Mode
❇ ADX Signal: Weak Bullish Trend
❇ Parabolic Sar: Bullish
❇ TD Sequential: 2 Up
⚪ RSI Divergence: None

$BTC #ta #technical_analysis #BTCBreaksBelowRainbowChartFloor

Bitcoin State and Market Data - $BTC
💰 Price: $61,578
⤷ ₿ 1.00 | Ξ 37.46
⚖ H/L: $62,966 | $59,175
📈 1h: 1.33%
📉 24h: -1.75%
📉 7d: -3.61%
☠️ 30d: -19.59%
🏆 ATH: $126,080 (-51.16%)
📊 24h Vol: $43.32B
💎 MCap: $1.23T
$BTC

Brent crude futures settle at $73.74/bbl, down $3.34, 4.33%.
#OilFuturesFallAbout4%

*Important message*

Building a true bottom takes time, patience and, above all, confirmation. The market does not reverse a trend simply because it reaches a certain price or a specific support level.

A bottom is an accumulation process that develops gradually: first on lower time frames, where the first signs of selling pressure being absorbed begin to appear, and subsequently on higher time frames, where the structure really starts to change.

Many try to pinpoint the exact low, but the reality is that a bottom is recognised through a series of converging factors: a return of volume, a recovery to key levels, structural changes in price, an increase in demand and technical confirmation on higher time frames.

As things stand, personally, I do not yet see these elements. I do not see a convergence strong enough to be able to state with conviction that the market has formed a definitive low.

This does not mean it cannot happen, but it does mean that for the time being I prefer to observe the data rather than chase hopes. In the coming days or weeks, we will see whether the market really begins to build a solid base. Until then, talking about a bottom seems premature to me.#BTCBreaksBelowRainbowChartFloor #BTCFallsBelow200WeekMA

$BTC Update ....

*There are very high chances that we might see Full recovery of yesterdays Dump.*

$BTC #BTCBreaksBelowRainbowChartFloor #BTCFallsBelow200WeekMA

thoughtful

Quiz time

Quiz time

Question: You have deposited $1,000 in your trading account. According to Ed Seykota's risk management strategy, what is the maximum amount you should put on a single trade?

$1

$10

$100

$ 1000

Answer in comments please

#RiskManagementMastery $BTC

Ed Seykota, a trading legend, advocates for strict risk management to preserve capital. His approach dictates that no more than 1% of the total trading account should be risked on a single trade. This method ensures that a string of losses won't significantly deplete the trader's capital, allowing them to stay in the game longer and recover from downturns.

#RiskManagementMastery

In the tradingbusiness,
if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

Peter Lynch
$BTC $ETH

Question: Can you be profitable while being correct only 30% of the time with your trades?

No

Yes

post your answer in comments

#RiskManagementMastery

Trading success does NOT depend on just being right more than 50% of the time. Success depends on controlling and cutting the losses quickly AND letting the profitable trades run.

Of course, you should strive for a higher profitability rate than 30%.

This is just to illustrate the power of proper risk management.

"Risk management" sounds boring, but 99.99% of pro traders swear it's the most important factor for success.
#RiskManagementMastery #StockMarketCrash $BTC

Here's the good news

You don't need to be right 90% of the time.

Do the best traders win 80% of their trades?

Not even close.

It's possible to be profitable while being correct only 30% of the time.

If your average wins are 2.5 times bigger than your average losses, you can theoretically be profitable even while being right only 30% of the time.
#AIBinance $BTC

Hi Friends, I m designing a course for basics of trading. Support is requested from all for liking and subscribing to my post for encouraging me.
Always remember:
1. Trend is your friend. Never go against the trend while trading crypto.
2. Risk management is the key. Never risk more than 01 percent of your asset in a single trade.
3. Trading without stop loss is like a suicide.

Details soon

Thanks

I didn't follow the rules taught by my mentor:

15m decides direction
5m finds setup
1m executes entry

rules:
trend direction
liquidity sweep
displacement / imbalance
shift / confirmation$ $ROBO #ROBO @Fabric Foundation

strategy matters. trend is your best friend

loss is certain if you don't follow the rules

same here