#Binance expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business
🇺🇸 US lawmakers reintroduce bill to remove roadblocks for #crypto investments in retirement accounts.
#Bitcoin moved exactly as we're watching on daily TF. Price is been in a retracement phrase and finished. Massively jumped higher and printed a new Higher High as of now. Price entered the major resistance zone of $25000 - $24,800. Well, its a crucial point now, if price breaks above then we can see continuation further.
#Educational
Moving Average Convergence Divergence (MACD)
MACD is a momentum indicator which shows the relationship between the two moving averages, i.e. 26 EMA and 12 EMA.
It consists of the MACD line and the signal line. The MACD line is the difference between the 26 EMA and 12 EMA, and the signal line is 9 EMA.
The buying signal is generated by MACD when the MACD line crosses the signal line from below, and the selling signal is generated when the MACD line crosses the signal line from above, as shown.
Moving Average Convergence Divergence (MACD)
MACD is a momentum indicator which shows the relationship between the two moving averages, i.e. 26 EMA and 12 EMA.
It consists of the MACD line and the signal line. The MACD line is the difference between the 26 EMA and 12 EMA, and the signal line is 9 EMA.
The buying signal is generated by MACD when the MACD line crosses the signal line from below, and the selling signal is generated when the MACD line crosses the signal line from above, as shown.
#MKR is close to its uptrend line and can be well supported from this area and grow to the $820 price area.
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#Educational
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
About 60% of total #Ethereum staked is underwater at current price
#AAVE is moving between the support and resistance area. If the $93 resistance is broken, the price will rise to $110.
#Educational
A general rule is that the longer the time frame, the more reliable the signals being given. As you drill down in time frames, the charts become more polluted with false moves and noise.
Once the underlying trend is defined, traders can use their preferred time frame to define the intermediate trend and a faster time frame to define the short-term trend. Some examples of putting multiple time frames into use would be
🔅1. A swing trader, who focuses on daily charts for decisions, could use weekly charts to define the primary trend and 60-minute charts to define the short-term trend.
🔅2. A day trader could trade off of 15-minute charts, use 60-minute charts to define the primary trend and a five-minute chart (or even a tick chart) to define the short-term trend.
🔅3. A long-term position trader could focus on weekly charts while using monthly charts to define the primary trend and daily charts to refine entries and exits.
A general rule is that the longer the time frame, the more reliable the signals being given. As you drill down in time frames, the charts become more polluted with false moves and noise.
Once the underlying trend is defined, traders can use their preferred time frame to define the intermediate trend and a faster time frame to define the short-term trend. Some examples of putting multiple time frames into use would be
🔅1. A swing trader, who focuses on daily charts for decisions, could use weekly charts to define the primary trend and 60-minute charts to define the short-term trend.
🔅2. A day trader could trade off of 15-minute charts, use 60-minute charts to define the primary trend and a five-minute chart (or even a tick chart) to define the short-term trend.
🔅3. A long-term position trader could focus on weekly charts while using monthly charts to define the primary trend and daily charts to refine entries and exits.