Making Unlimifed Profit Sui : 120%
Zen : 61%
Xlm: 45%
Join The Marathon : https://t.me/+d8aQGaTVa1AyMjk1
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Morning Start With Running Marathon & End With Trading Marathon
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Earn Just By Walking
Market : MEXC Bybit , OKX & Many More https://www.coingecko.com/en/coins/sweat-economy
Join Now : https://sweatco.in/i/prafulljoshi
Earn Just By Walking
Market : MEXC Bybit , OKX & Many More https://www.coingecko.com/en/coins/sweat-economy
β€37π30π26π24π20π₯16π€©14π₯°12
BlockMap | Announcement
Morning Start With Running Marathon & End With Trading Marathon Join Now : https://sweatco.in/i/prafulljoshi Earn Just By Walking Market : MEXC Bybit , OKX & Many More https://www.coingecko.com/en/coins/sweat-economy
I donated β20,000 steps to help build water wells in africa! https://sweatco.in/i/prafulljoshi/37876
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BlockMap | Announcement
#LTCUSDT LONG 3x [Max] Entry : Market SL : 89.5 TP : 110
My Done π«‘ !
No Liquidation
No Liquidation
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TOMO Looks OverBuyedπ«‘
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"Overbuying" or "overbought" refers to a situation in trading where the price of an asset, such as Bitcoin (BTC), has risen too quickly and is considered to be overvalued. Investors or traders may be excessively optimistic, causing the market to become imbalanced. This can lead to a potential reversal in price as the market corrects itself.
The role of the RSI (Relative Strength Index) is to measure the speed and change of price movements. It is used as a momentum oscillator to identify overbought and oversold levels in an asset. RSI values range between 0 and 100, with readings above 70 suggesting overbought conditions, and readings below 30 suggesting oversold conditions.
As for providing an example with a BTC However, imagine a hypothetical BTC chart from a few years ago. Let's say that BTC's price rapidly increased over a short period, causing the RSI indicator to reach above 70, indicating overbuying. This could have signaled that the market was overvalued and due for a correction. Investors who pay attention to such indicators might have taken this as a potential sell signal, expecting a price reversal or a decrease in value.
The role of the RSI (Relative Strength Index) is to measure the speed and change of price movements. It is used as a momentum oscillator to identify overbought and oversold levels in an asset. RSI values range between 0 and 100, with readings above 70 suggesting overbought conditions, and readings below 30 suggesting oversold conditions.
As for providing an example with a BTC However, imagine a hypothetical BTC chart from a few years ago. Let's say that BTC's price rapidly increased over a short period, causing the RSI indicator to reach above 70, indicating overbuying. This could have signaled that the market was overvalued and due for a correction. Investors who pay attention to such indicators might have taken this as a potential sell signal, expecting a price reversal or a decrease in value.
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I was in short last night π and earned well π
Whats About. YOU ?
Whats About. YOU ?
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Forwarded from MikybullπCrypto
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What is a Spot Bitcoin ETF and why does it matter?
Lots of talk this past month around ETF's. Let me explain what it is and how it affects the market. ETF stands for "exchange-traded fund". A BTC Spot ETF is one that directly invests in Bitcoin. You know what "Spot" means, it is buying and selling of real Bitcoin on an exchange or directly from someone.
A spot ETF would would hold real Bitcoin as its primary asset. This means that the price of the ETF would be directly tied to the current ("spot") price of Bitcoin. This is a big step, as it would cause massive demand in the spot market, tied directly to the demand for the ETF.
Why do we need it? Can't we just buy real BTC?
Yes, WE can. But a BTC ETF will allow US based investors to gain exposure to Bitcoin without dealing with the complexities of buying and storing it directly. It also allows them to buy and sell that exposure easily, as the ETF would trade on a regular exchange.
There are trillions of dollars that can't access BTC due to regulatory or trust issues. These people don't trust Binance or Coinbase, but they trust Blackrock and Fidelity, that's really what it comes down to.
ETF's make BTC bigger. Bigger = more liquid. Liquid = more people can buy in. That is how the next phase of adoption begins.
Lots of talk this past month around ETF's. Let me explain what it is and how it affects the market. ETF stands for "exchange-traded fund". A BTC Spot ETF is one that directly invests in Bitcoin. You know what "Spot" means, it is buying and selling of real Bitcoin on an exchange or directly from someone.
A spot ETF would would hold real Bitcoin as its primary asset. This means that the price of the ETF would be directly tied to the current ("spot") price of Bitcoin. This is a big step, as it would cause massive demand in the spot market, tied directly to the demand for the ETF.
Why do we need it? Can't we just buy real BTC?
Yes, WE can. But a BTC ETF will allow US based investors to gain exposure to Bitcoin without dealing with the complexities of buying and storing it directly. It also allows them to buy and sell that exposure easily, as the ETF would trade on a regular exchange.
There are trillions of dollars that can't access BTC due to regulatory or trust issues. These people don't trust Binance or Coinbase, but they trust Blackrock and Fidelity, that's really what it comes down to.
ETF's make BTC bigger. Bigger = more liquid. Liquid = more people can buy in. That is how the next phase of adoption begins.
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