#Educational_post

Inverted head and shoulders

🔅 Bullish inverted head and shoulders is a trend reversal pattern.

🔅 It will mark a desire to make a bullish reversal.

🔅 The theory is the same as a triple bottom other than the second bottom will be lower than the others, which are technically at the same height.

🔅 The reverse head and shoulders pattern will be formed by three bottoms that will succeed.

🔅 In the case of a Bullish inverted head and shoulders chart pattern, the stop loss should be placed at the previous low of the pattern.

🔅 The limitation for the target will be the previous resistance level which was formed before by the price action.

ByBit USDT
#OMG/USDT
Take-Profit target 1 ✅
Take-Profit target 2 ✅
Take-Profit target 3 ✅
Take-Profit target 4 ✅
Take-Profit target 5 ✅
Profit: 62.0188% 📈
Period: 18 Hours 2 Minutes ⏰

Binance Futures, ByBit USDT
#MANA/USDT
Take-Profit target 1 ✅
Take-Profit target 2 ✅
Take-Profit target 3 ✅
Profit: 44.7207% 📈
Period: 17 Hours 4 Minutes ⏰

Binance Futures
#ALPHA/USDT
Take-Profit target 1 ✅
Take-Profit target 2 ✅
Take-Profit target 3 ✅
Take-Profit target 4 ✅
Take-Profit target 5 ✅
Take-Profit target 6 ✅
Profit: 72.1438% 📈
Period: 1 Days 14 Hours 12 Minutes ⏰

Binance Futures, ByBit USDT
#SAND/USDT
Take-Profit target 1 ✅
Take-Profit target 2 ✅
Take-Profit target 3 ✅
Profit: 39.9952% 📈
Period: 16 Hours 9 Minutes ⏰

ByBit USDT
#ETH/USDT All take-profit targets achieved 😎
Profit: 563.0631% 📈
Period: 4 Days 16 Hours 7 Minutes ⏰

Huobi.pro
#IRIS/USDT Take-Profit target 6 ✅
Profit: 8.3333% 📈
Period: 2 Months 13 Days 10 Hours 44 Minutes ⏰

💧💧#Rent/USDT💧💧

#Futures_signal

SHORT


Entry : 0.12576 - 0.12685

Targets :

0.12486
0.12221
0.11956
0.11691

Stop : 0.13351

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💎 Users Can Now Verify the Bitcoin They Own on Binance via Merkle Tree

The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves. The feature will initially show only bitcoin’s holdings, while other coins will follow in the future.

Binance has taken some additional measures to reaffirm its customers’ trust during the turbulent times following the FTX crash. In a recent announcement, the company disclosed the launch of a Proof of Reserves (PoR) system showing that its on-chain reserve is composed of 582,485.9302 BTC. Customer Net Balance (Equity – Debt) equals 575,742.4228 BTC. Binance will also hire third-party auditors to check the results.

#BTC/USDT ANALYSIS

BTC breakout descending triangle retested successfully. It has also cleared Ichimoku clouds which are giving a change in trend sign. MACD crossover is turning out to be bullish.

As long as the price continues to hold above the Ichimoku clouds, a bullish move is expected in it toward the horizontal resistance, and for the mid-term bullish confirmation, bulls need to break the horizontal resistance with a retest above it.

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