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BITCOIN SUPPLY AND DEMAND I have shown the supply and demand zones on the graph. At this point it remains to be seen how the price will react 43.6k$-44k$ . If we see acceptance, prices of 48K-50k are very possible. If we get a big rejection, it will be a trigger that the sellers are in advantage and we will have to look for strength in another zone (demand zone). Right now it's late to trade (long), so it's better to be patient and wait to see the reaction. I always go against the majority, and so far the sentiment is very positive. Big volume on sale and I think that in this in-between zone (where there is no trading) everyone will lose. Closing the week above $43.6k will be a very good indicator for continuation. I'm definitely of the opinion that bitcoin has done most of its work, it's time for ETH and I think 2024 is its year
BITSTAMP:BTCUSD
by learnfromfailure
1
🚀 Why Ethereum's Current Price MattersHello Traders, Lets dive into this . Pay attention. - **Market's Pulse:** ETH's price is the heartbeat of market sentiment. Rising? The market's optimistic about Ethereum's future. Falling? Time for a closer look. - **Ethereum's Weight in Crypto:** Think of ETH's price as a measure of its clout in the crypto world. Higher price, bigger footprint. - **Smart Investment Moves:** It's not just a number. ETH's price helps you decide when to jump in or take a step back. Timing is everything. - **Ripple Effect on Ethereum Projects:** A strong ETH price can supercharge the entire Ethereum ecosystem, giving a boost to all those innovative projects built on its platform. - **Staking Rewards:** Ethereum's shift to Proof of Stake makes its price crucial for those juicy staking rewards. Higher price, happier stakers. - **Gas Fees Watch:** ETH's price can make or break your transaction fee budget. High price, high fees. It's a delicate balance. - **Crypto Weather Vane:** Ethereum's price trends can signal the overall health of the crypto market. It's like a weather vane for digital currencies. - **Liquidity Lifeline:** High trading volume and price indicate a lively market, essential for a thriving Ethereum ecosystem. 🔥 **In Short:** Ethereum's current price is more than just a number. It's a window into the crypto universe, an indicator of market trends, and a guide for your investment journey. --- **Key Ethereum Price Points:** - **All-Time High (ATH):** \$4,800 - **All-Time Low (ATL):** \$1 - **50% Retracement Level:** \$2,400.50 - **Current Price:** 2252
BITSTAMP:ETHUSD
by M1ndless
2
AUDUSD-Money managementHi friends, After the previous signal reached all the set targets, today I would like to share my opinion about money management and how to manage open positions. In my opinion, in the first 2 years of trading on each position, a maximum of 3 to 5% of the total account balance should be involved. Second, convert the money into several parts for a signal or one idea, for example, Two or three to 0.01 lot. Risk-Free: The important thing is when to do risk free? For do Risk-Free (change the stop loss to the entry point) after the price reaches 50% of the forecast or primary idea. For this trade, I risk-freed after the price reached TP2.
by Ario_trader