📖 Are you familiar with the origin of Mt. Gox — one of the earliest cryptocurrency exchanges?

🤓 Interestingly, it started out as a card trading platform, and the project ended up... Well, we won't spoil the fun 🤫

✍️ For this week, keep Steve Clark’s simple mantra close to heart: “Do more of what works and less of what doesn’t.”

👨‍💻 Many traders tend to overcomplicate their trading strategies but lose sight of how simple and enjoyable trading can be. So, sit down, analyze your winners and your losers, and figure out what works and what doesn’t.

😉 See you on https://ping.exchange/

🐺💨And then the wolf said: 'I'll huff, and I'll puff, and I'll raise the price of your coin!”

🥱 Or something like that. We weren’t paying attention to the story; we had numbers to crunch.

➡️ https://www.instagram.com/p/C7O0elBqCrt/

#cryptomeme

📈📉 “Believe in analysis and not forecasting” – Nicolas Darvas

✍️ If analysis does not precede trading, it will become similar to gambling. An American football player trains the strength of his toss by throwing a medicine ball at the wall. A marathon runner builds his stamina by running gruelling distances way before his marathon. Similarly, a trader’s success hinges on his analysis.

😉 Don’t forget about this when finalizing your trades this week.

🆕In the newest addition to the “Charting The Markets” series, we take a look at the hammer & hanging man market patterns.

🔨The hammer pattern occurs at the end of a bear trend. Its long lower shadow indicates that the sellers attempted to push the price downwards, but the buyers prevailed and managed to pull it back up.

👇On the contrary, the hanging man occurs at the end of a bullish trend. In this case, its long lower shadow signifies an opposite effect. However, it is important to wait for confirmation from the consequent candlestick.

➡️Read the entire article: https://pingexplore.com/post/charting-the-markets-hammer-hanging-man

❗️❕IMPORTANT ANNOUNCEMENT❗️❕

Residents of Mainland China and the Russian Federation can now withdraw their assets from Ping Exchange.

However, other features, such as trading or depositing, will not be available. Please keep in mind that any new deposits made using old deposit information will be locked permanently, so please refrain from using old deposit values.

All affected users received an email containing this information.

On behalf of the entire Ping Exchange Team, we apologize for any inconvenience this might have caused and appreciate your cooperation and understanding.

📉📈 One of the most important aspects of trading is being able to recognize a good opportunity. But recognition alone won’t cut it if the trader does not capitalize on the opportunity.

💯 Warren Buffett put it best when he said: “When it's raining gold, reach for a bucket, not a thimble.”

🪣 So, get your buckets ready for this week and start looking for rain.

🎢 Trading can be quite the roller coaster, believe us 🥴

🎢 But, if you think you got what it takes, hop on the Ping Exchange ride at https://ping.exchange/ 🚂

➡️ https://www.instagram.com/p/C7ypULXp604/

🤝 We can all agree that remembering you have 127 BTC lying around on your old computer is the opposite of having skeletons in your closet. 🦴

😮 Find out just how much money this survey participant withdrew after rediscovering his old crypto wallet. 💸

👀 Have you ever noticed these two patterns out in the trading wilderness? Here’s what both of them mean:

🔨 The hammer pattern signals the start of a bullish trend. Its long lower shadow indicates that, despite the sellers' attempts, the buyers prevailed and managed to pull the price back up.

👇 On the other hand, the hanging man signals the start of a bearish trend. Its long lower shadow means the buyers have not managed to pull the price up.

👍 In both cases, it is wise to wait for a trend confirmation from the first subsequent candlestick.

➡️ Read more about market patterns at: https://pingexplore.com/

💪 “Confidence is not ‘I will profit from this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” - Yvan Byeajee

So, at the end of the day, do not trade what you’re not willing to lose. Well, unless you’re sure you won’t lose it. 😉

📈 Happy trading!

🔵 For all blockchain newcomers and the uninitiated, we’ve prepared an article explaining the principles and technology behind decentralized applications, or DApps.

📖 Learn what DApps are, how they function, and their transformative potential here: https://pingexplore.com/post/what-is-a-dapp

🍏 Here’s another fresh market recap before you dive into your trading sessions this week. But, remember:

“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz

😮‍💨 Sometimes, it’s best to take a breather and think wisely about your next move. And thinking about your next move doesn’t necessarily mean staring at a screen, either. We all know less is often more, so consider taking a pause, rejuvenating, and getting back to it in full force. 🙌

👔 If you want to be a true trading connoisseur, you have to use the right lingo, or should we say lexicon? 🤓

Since our last Charting The Markets article, you’ve probably come across inverted versions of the Hammer & Hanging Man called the Inverted Hammer & the Shooting Star 🌠

📊 These two patterns consist of a candlestick with a body, a longer upper shadow that is typically twice the length of the candlestick of the body, and a minimal-to-non-existent lower shadow. In both patterns, the length of the upper shadow has a significant meaning, as it indicates the demand for the given asset in the set time period and a potential shift in the market.

Learn more about interpreting these patterns here: https://pingexplore.com/post/charting-the-markets-inverted-hammer-shooting-star

🕗 “The market is a device for transferring money from the impatient to the patient.” – Warren Buffet

⌛️Sometimes, time stands in the way of successful trades, other times, a certain lack of time does the same. It is important to take your time when trading and truly separate the wheat from the chaff – the excellent trades from the okay ones.

So, do your due diligence and think things through carefully before you make sudden moves. Slow and steady wins the race, traders! 🏁

🔄 If you've read our latest Academy article, you might've seen the Inverted Hammer & Shooting Star make an appearance 👀 But, just to bring you up to speed, here's a refresher:

🌠 The Shooting Star occurs when a bullish trend is ending, and a bearish trend is beginning. Its long upper shadow indicates that the buyers have attempted to ramp the price up, but the sellers pushed the price back up.

🔨 The Inverted Hammer occurs when a bearish trend is ending, and a bullish trend is beginning. If you spot it near a support line, it is always wise to wait for a trend confirmation from the subsequent candle.

➡️ Head on over to Ping Explore if you want to learn more: https://pingexplore.com

💙 Another week, another Ping Exchange price pulse. No need to keep an eye out for the prices – we’ll do that for you so that you can focus on other things, like handling change in a market that shifts at breakneck speeds. 😵

💯 To stay on top of your game, make sure to notice all the little things that occur when substantial changes happen. Once you’ve done that, all you need to do is adapt 😉 In other words,

“It is not the strongest or the most intelligent who will survive but those who can best manage change.” - Charles Darwin

☝️ “The four most dangerous words in trading are: 'This time it's different.'” – Sir John Templeton

⌛️Sometimes, the belief that "this time it's different" leads traders to make hasty and risky decisions. It is important to remember that patterns and principles in trading often repeat themselves, and ignoring them can be costly.

📖 If you wish to learn more about market patterns, how to spot them, and how to react to them, take a look at our charting the markets series: https://pingexplore.com/blog-categories/academy