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BTCUST trade ideas

Exchange ERASED the trade and Kevin lost $16 billionThe Tragic Story of Kevin, His exchange ERASED the trade and lost $16 billion Kevin Day, a tech geek from Nebraska, loved video games and the internet. In the 1990s, he worked as a video game developer. After his startup failed during the Dot-Com Crash, he started hosting websites. This led him to discover Bitcoin, which he loved for its web freedom. Kevin joined the #Bitcoin world when the price was $7. He was amazed as it had risen from $0.30. Eager to be part of this new digital money, he spent a lot of time mining Bitcoin. On June 19, 2011, Kevin’s life changed forever. Bitcoin's price crashed from $17 to $0.01 in just 20 minutes. While most people panicked, Kevin saw a chance. He decided to buy $3,000 worth of Bitcoin at the incredibly low price of $0.0101. His order went through, and he bought 259,684 Bitcoins for under $3,000. The price bounced back quickly, and Kevin's investment turned into $5 million. But his happiness didn’t last. The crash happened because someone hacked Mt. Gox, the exchange where Kevin bought his Bitcoins. The hacker stole coins and sold them, causing the price to drop. Mt. Gox decided to cancel all trades made during the crash, including Kevin's. Kevin had managed to withdraw 643 Bitcoins before the rollback, the maximum allowed by Mt. Gox. But he lost the rest – 259,360 Bitcoins. This was a huge loss, worth about $16 billion today. Kevin learned a hard lesson: never leave your coins on an exchange. What is a Crypto Wallet? Kevin’s story highlights the importance of understanding and using a crypto wallet. A cryptocurrency wallet is a digital tool that allows you to store, send, and receive crypto securely. It doesn't store the actual crypto but the private keys needed to access the crypto assets on the blockchain. How Does a Cryptocurrency Wallet Work? 1. Public and Private Keys: Each wallet has a public key (like an account number) and a private key (like a password). The public key is used to receive funds, and the private key is used to access and manage them. 2. Types of Wallets: - Hot Wallets: Connected to the internet (e.g., mobile, web, and desktop wallets). They are convenient but less secure. - Cold Wallets: Offline storage (e.g., hardware and paper wallets). They are more secure but less convenient for frequent transactions. 3. Transactions: When you send crypto, the wallet uses your private key to sign the transaction, ensuring it is authorized and secure. 4. Security: Keeping your private key secure is crucial. If someone gains access to your private key, they can control your crypto. Why Use a Cryptocurrency Wallet? - Control: Unlike exchanges, a wallet gives you full control over your private keys and, therefore, your funds. This means you're not relying on a third party's security measures. - Security: Wallets, especially cold wallets, provide a high level of security. They're not connected to the internet, making them less vulnerable to hacks. - Privacy: Wallets offer more privacy since you don’t have to provide personal information as you would with exchanges. - Backup: Most wallets allow you to create a backup phrase or seed phrase. If you lose access to your wallet, this phrase can help you recover your funds. Choosing the Right Wallet - Hot Wallets: Suitable for everyday transactions and frequent access. Examples include mobile wallets like Trust Wallet and desktop wallets like Electrum. - Cold Wallets: Ideal for long-term storage. Examples include hardware wallets like Ledger and Trezor, and paper wallets. - Multi-Signature Wallets: These wallets require multiple keys to authorize a transaction, providing an extra layer of security. They are often used for business purposes. Best Practices for Wallet Security 1. Backup Your Wallet: Always create a backup of your wallet and store the backup phrase securely. 2. Use Strong Passwords: Protect your wallet with a strong, unique password. 3. Enable Two-Factor Authentication: If your wallet supports it, enable two-factor authentication for added security. 4. Keep Software Updated: Ensure your wallet software is always up to date to protect against vulnerabilities. 5.Beware of Phishing Scams: Be cautious of phishing attempts. Always verify the authenticity of websites and applications. Kevin’s tragic loss serves as a powerful reminder: always store your crypto in a secure wallet, not on an exchange. This way, you have full control and protection over your digital assets. Understanding and properly using a crypto wallet is crucial for anyone involved in the crypto world. #CryptoConcept
Education
by FortuneAI
BTCUSDT ThoughtsJust thought I would post this slightly contrarian view. The 0.382 retracement of what I think is wave 3 of 3 is around $85K and this is where many analysts are expecting price to go. To be fair to them, this would be the normal pullback target. However, two things go against this argument. First, wave 4 of an impulse does not usually fall below the wave 4 of the previous move; this would be around $90.7K. BTC has already fallen far into this range and price action looks like we could be in a Wyckoff re-accumulation. The head and shoulders looms threateningly but I feel like it is probably a bear trap. The second reason is that BTC is crawling along the bottom of a rising channel that it has been near the top of since 2011 and it's move to the bottom of the channel began in June 2019. A significant dip would push it below the channel and signal a dramatic change in price action for BTC that I personally feel would invalidate the bull market case for 2025
by cultureofwoods
#BTC/USDT Urgent Update. If you like money, Read This!Welcome to this quick update, everyone! Bitcoin (BTC) is currently trading at around $98,400 at the time of writing. BTC is making a **bearish retest of the 21EMA** on the daily chart, which is a crucial indicator for identifying short-term trends. This is particularly significant for traders involved in futures and options within the crypto market. - Break above the 21EMA is bullish. - BTC is also retesting the previously broken pennant pattern to the downside. If you're feeling FOMO (fear of missing out), it's better to wait until BTC reclaims the Blue EMA and trades back inside the channel/pennant. If these two levels are recovered, we could anticipate a new all-time high (ATH). However, until that happens, exercise caution. Trading volume is exceptionally low across exchanges, and it's worth noting that during holiday seasons, market makers often exploit these conditions to manipulate prices, leaving retail traders at a disadvantage. While you're free to make your own decisions, my advice is to trade with confirmations. This approach provides an edge and makes holding positions more comfortable while effectively managing risk. If you found this analysis and chart helpful, please hit the like button to show your support and feel free to share your views in the comments section. Thank you! #PEACE
by Cryptorphic
2
$BTC: are we at the peak of this bull run?The chart says yes, and here’s the breakdown of my analysis: - **MACD on Weekly**: Overheated. The last time this happened was in June, and it led to a six-month consolidation with a -30% dump. - **RSI**: Overbought. Same story—this signals consolidation, but since we’re on the weekly timeframe, it’s going to drag on for a while. - **Daily Indicators**: Also overheated! This is double trouble. It means we’re likely to see a significant dump until the daily indicators reset at the bottom. Now, here’s the kicker: **everything in this cycle is messed up by the ETF FOMO.** - We’ve already passed the previous ATH *before* the halving—something that’s never happened before. This suggests a short-lived bull market is highly probable. - **Alt season? Canceled.** Bitcoin is hogging all the attention, news, and institutional money. Altcoins are sitting in the corner, forgotten like last year’s Christmas sweater. To be clear, I’m not saying we’re headed into a four-year bear market. But the traditional halving cycle? It’s over. - The halving doesn’t have the same impact anymore because miners no longer contribute significant sell pressure. - Instead, we’re looking at **six-month cycles**: alternating between FOMO rallies and consolidations, driven by weekly timeframes and the MACD. If this idea holds true, we’ll see a reset of all indicators by June, followed by a six-month rally for BTC. Altcoins might tag along, but don’t expect a classic alt season. The ETFs aren’t here to rotate money—they’re here to park it in BTC and ETH. And the altcoins? They’ll starve. Buckle up; it’s going to be an ETF-dominated ride! 🚀
Short
by CryptoNikkoid
3
Bitcoin to 92,823Currently Bitcoin trading above 50 and 200 EMA, which make the near-term momentum is bullish. Stoch RSI around the 90+ range indicates a possible overbought condition, which can point to limited upside in the immediate term. RSI just below 70 also puts it near overbought territory but not necessarily at extreme levels. A Rising Wedge has been formed which is a signal for a potential reversal to 95000 or even lower to 92,823 If volume is picking up on pushes to higher prices, that’s a point in favor of continued upside. If volume dries up as price rallies, it can mean buyers are thinning out.
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by Karim1Hassan
BTCUSDT bouncing from crucial support zone!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT : BTCUSDT is trading sideways, between a crucial support zone of $92,500-$91,100 and a resistance zone of $98,500. A decisive break above the resistance zone could signal a bullish trend, while a break below the support zone may indicate a bearish trend. However, if Bitcoin fails to break above the $98,500 resistance level in the daily timeframe, a significant drop towards the $85,000 to $76,000 zone remains possible. Currently, Bitcoin is attempting to break through the $98,500 resistance level. This move could be a crucial test before either a sharp decline or a sustained upward break. Key Support Levels: $94,700 $92,500-$91,100 Key Resistance Level: $98,500 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
Potential Rounding Top and Key Support Levels🔷 Greetings, fellow traders! In this analysis, I’m observing a possible rounding top structure on the BTC/USD chart, suggesting that bullish momentum might be cooling off in the short term. Below is a step-by-step breakdown of the current technical picture: 🔹 Rounding Top Formation The price action has carved out several swing highs near resistance, forming a curved pattern at the top. This type of structure often signals a loss of buying pressure and the potential start of a corrective phase. 🔸 Key Horizontal Support The horizontal support zone around the mid- to high-90k region is critical. A decisive break below this area could open the door to further downside. Secondary support aligns with the lower 90k range, which coincides with the prior consolidation zones and trend intersections. 🔺 Possible Price Path (Scenario A) A breach below the identified support could trigger a deeper move to the mid-80k area or even toward the upper 70k region if selling accelerates. Momentum indicators (such as RSI or MACD, not shown here) should be watched closely for confirmation of weakening bullish momentum. 🔻 Alternate Upside (Scenario B) Should the price hold above the primary support and regain strength, a bounce back toward the 100k–102k zone is plausible. Look for bullish signals (e.g., higher lows on lower time frames) before anticipating a sustained push higher. 🔶 Trading Considerations Risk Management: As always, define your stop-loss levels in accordance with your risk tolerance. Entry Triggers: Wait for confirmation, such as a candlestick close above (or below) key support/resistance levels, before entering a trade. No Certainty in Markets: Remember, patterns can fail, and news events or macro factors can rapidly shift market sentiment. 🔷 In Summary BTC/USD appears to be at a turning point, with a potential topping pattern coming into play. While there is a clear risk of deeper downside, a convincing hold above the primary support could support another push to the upside. Stay patient, always practice disciplined risk management, and let the price action confirm your bias before entering or exiting positions. Educational Purposes Only — Not Financial Advice. Always conduct your own research and use proper risk management. cryptolinx aka jango_blockchained
Short
by cryptolinx
WHY DOES BITCOIN LOVE THE SABBATH? My next trade!🎥 Today's Bitcoin Analysis 🎄🎉 🚀 Bitcoin's Price Movement: The weekend brought some slow action 💤 as everyone enjoyed the holiday celebrations 🎅🎁. However, as we've seen lately, Sundays and Wednesdays are when Bitcoin tends to wake up from its slumber 🦁. 🔥 Gearing Up for Another Volatile Sunday: The bearish leg 📉 seems to still have inertia, guiding price movements downward. We're eyeing range extremes 📊 for a rotation play 🔄. Why not get in on some of the action if the opportunity arises? 🤔💼 ⚡ Let's watch how this plays out! 🔔Enquire for 121 lessons / academy #500FOLLOWERS 🎉 #500GIVEAWAY 🎁
by Trade-Journal
Tow-case scenrioTrading volume: The trading volume during a bearish trend should be taken into consideration. If the trading volume increases during a price decline, it indicates greater selling pressure and confirms the bearish trend. In the chart, you can see that the trading volume is decreasing. News: Important news and events can also have a significant impact on the price of Bitcoin. Make sure to stay informed about major news and events. Caution: Given the current conditions and selling pressure, it is recommended to proceed with caution when entering a trade at this time. Monitoring: Carefully monitor the chart and pay attention to any changes in patterns and indicators ( Don't forget that indicators only provide insights into the past market and clarify volumes and trends for us. Do not rely solely on them for trading. ). Buying: If you intend to buy, wait for the price to reach the support level of $91,300 and look for signs of a price reversal. Risk Management: Be sure to use stop-loss and engage in trading with proper capital management.
Short
by Bpay13