Eles enrolam pra não deixar comprar na baixa, qnd mercado subiu meus usdt caíram, a moeda que quis comprar qnd depositei tava 0,028 qnd caiu o dinheiro no fim do dia já tava 0,040
#MarketPullback The pullback isn't over yet, and even if $BTC moves higher, take a closer look at the chart.
Does anyone know what this candle represents? To me, it resembles a gravestone doji, though I’m no expert.
In my view, it's more evident that we’re at the top of the hill, with higher probabilities of a downturn rather than a significant rise.
For this reason, I’ve taken a small short position, and if the market moves slightly higher, I plan to increase my short.
If there’s another market crash, I want to be on the right side of the trade.
I also believe that #BTC’s long-term potential remains strong, and by March 2025, the market could rise again, as it typically does in cycles.
However, for now, I’m choosing to be cautious this month and avoid unnecessary risks during a possible crash.
The last two days have shown us a glimpse of what such a scenario could look like.
Personally, I’ve started accumulating altcoins with solid fundamentals. Prices are very low, and if they dip further, I’ll add more. I see strong potential for gains in the coming months.
This isn’t meant to scare anyone, nor is it financial advice. Always Do Your Own Research (DYOR).
Feel free to share your thoughts, insights, and research in the comments so we can all grow together.
If you found this post helpful, please like and share!
Cryptocurrencies have fallen. We look at the rates on December 9, 2024
Cryptocurrencies have fallen. We look at the rates on December 9, 2024 Myfin.by editorial team December 9, 2024 Photo from open sources On December 9, 2024, the following cryptocurrency rates were set on the exchange trading: Bitcoin rate - $99,579, Ethereum rate - $3,949.81, BNB rate - $727.392, Ripple rate - $2.49201, Solana rate - $232.74. BTC trading against the dollar ended with a decrease of -26.4445$ to 99579, which amounted to -0.0265492%. In total, BTC increased by 23,296$ in a month ETH trading against the dollar ended with a decrease of -24.1997$ to 3949.81, which was -0.608949%. In total, ETH increased by 866.74$ in a month. BNB trading against the dollar ended down -$22.7638 to 727.392, or -3.03455%. In total, BNB has increased by $108.892 in a month. XRP trading against the dollar ended down -0.0563663$ to 2.49201, which was -2.21185%. In total, XRP has increased by 1.9398$ in a month. SOL trading against the dollar ended down -4.67585$ to 232.74, which was -1.96947%. In total, SOL has increased by 33.99$ in a month. Guys, what do you think about the temporary effect that will last 24-48 hours? The rates were taken from another source. #BTC #ETH #BNB #XRP $BTC {spot}(BTCUSDT)
**Introduction** A golden cross is a well-known bullish indicator in technical analysis, signifying a potential upward trend in an asset’s price. This pattern occurs when a short-term moving average (MA) crosses above a long-term moving average, often accompanied by high trading volume. Based on the GALA/USDT chart provided, there is evidence suggesting a golden cross in development.
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**Understanding the Chart** 1. **Moving Averages**: - The chart shows multiple moving averages, with the MA(70) (short-term) and MA(200) (long-term) clearly diverging upward. - This crossover signals the start of a bullish trend, as the shorter-term MA overtakes the longer-term MA, reflecting increased buying momentum.
2. **Price Action**: - GALA’s price has seen a significant upward move over recent days, reinforcing the golden cross signal. - The 24-hour trading volume, exceeding 1.65 billion GALA tokens, further supports strong market participation during this upward trend.
3. **Supporting Indicators**: - **SAR (Stop and Reverse)**: The SAR dots are positioned below the candles, indicating bullish momentum. - **Performance Metrics**: Over the last 7 days, GALA has gained over 26%, with a staggering 157.95% increase in the past 30 days, which aligns with the bullish implications of the golden cross.
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**What Does This Mean for Traders?** 1. **Bullish Sentiment**: - A golden cross is traditionally seen as a sign to buy or hold an asset. However, traders should confirm the trend’s strength with supporting indicators like RSI or MACD to avoid false signals.
2. **Volume as a Confirmation**: - With high trading volumes observed, the golden cross is more likely to be a reliable signal.
3. **Risk Management**: - While a golden cross is bullish, it’s not infallible. Traders should set stop-losses and monitor key support levels (e.g., $0.05544, the 24-hour low).