Charts | Signals &Trading

2022-05-12 09:40:09 Educational Post:
What is LIQUIDITY?
Liquidity, in cryptocurrency, is the ease at which a digital token is converted to cash or another digital asset without affecting the price. At its core, liquidity reflects the overall health of the cryptocurrency market. Thus, the more liquid a crypto is, the less volatile and more stable the asset.
. Asset liquidity is when there are buyers and sellers for that asset.
. Exchange liquidity is when there are makers and takers on the platform and desired trading pairs to use.
. Market liquidity is when all these pieces together make up how healthy the crypto market is.

Just like Paul Krugman, the winner of the 2008 Nobel prize in Economics, put it: “Liquidity for markets is what oil is for car engines.”
Liquidity is the lifeline of the crypto market. It reduces investment risk; and, importantly, helps define your exit strategy — making it easy to liquidate your holding. As a result, investors and traders prefer liquid markets.

@ChartsSignalsTrading Open / Comment

2022-05-11 11:34:47 New Trade for #AVAX/USDT

Pair :AVAX/USDT
Exchange: Binance

Entry: $39.32 - $26.24

Target 1 : $41.50
Target 2 : $45.08
Target 3 : $49.02
Target 4 : $52.64

SL : $22.68

@ChartsSignalsTrading Open / Comment

2022-05-11 06:17:23 New Trade for #SOL/USDT

Pair :SOL/USDT
Exchange: Binance

Entry: $70.63 - $50.00

Target 1 : $75.19
Target 2 : $82.25
Target 3 : $89.32
Target 4 : $98.71

SL : $41.15

@ChartsSignalsTrading Open / Comment

2022-05-11 05:58:42 BTC update : Wekly Time Frame
BTC broke major trend line support of 33600 and after that dropped to the liquidity zone which was untapped since 19 July 2021 ! This liquidity zone / strong support zone extends from 28800 - 31778 .
For perfect liquidity hunt BTC must close this week's candle above 31780
At the moment weekly RSI for BTC is at strong trend line support from where we have seen multiple bounces in the past and also that weekly RSI is at 2 years low !!! Weekly RSI now is around 35 which was last seen in March 2020 from where we witnessed a mega bull run of around 600%. RSI is also forming a strong hidden bullish divergence!
This is the 7th consecutive red week for BTC , last consecutive 7 red weeks were seen in 2014 ,actually they were 8 red weeks ,starting from 6 Jan 2014 - 24 Feb 2014. And after that we witnessed 78% pump in BTC
If we consider history along with TA ,BTC seems to be super bullish due to Stated confluences .This week will be crucial for BTC, a good closing is needed here. Open / Comment

2022-05-10 08:47:34 New Trade for #CRV/USDT

Pair :CRV/USDT
Exchange: Binance

Entry: $2.146 - $1.859

Target 1 : $2.248
Target 2 : $2.351
Target 3 : $2.452
Target 4 : $2.776

SL : $1.688

@ChartsSignalsTrading Open / Comment

2022-05-10 07:20:24 New Trade for #FIO/USDT

Pair :FIO/USDT
Exchange: Binance

Entry: $0.0685 - $0.0585

Target 1 : $0.0736
Target 2 : $0.0774
Target 3 : $0.0804
Target 4 : $0.0958

SL : $0.0547

@ChartsSignalsTrading Open / Comment

2022-05-09 14:07:35 New Trade for #CELO/USDT

Pair :CELO/USDT
Exchange: Binance

Entry: $2.281 - $1.595

Target 1 : $2.400
Target 2 : $2.514
Target 3 : $2.629
Target 4 : $3.018

SL : $1.471

@ChartsSignalsTrading Open / Comment

2022-05-09 10:30:55 #NEAR/USDT Trade 1 Target reached.

Target 1 5.00%+

Profit: 5.00% Gain
Period: 1 hour 30 Minutes.

@ChartsSignalsTrading Open / Comment

2022-05-09 08:44:39 New Trade for #NEAR/USDT

Pair :NEAR/USDT
Exchange: Binance

Entry: $11.173 - $9.685

Target 1 : $11.544
Target 2 : $11.881
Target 3 : $12.217
Target 4 : $13.493

SL : $9.105

@ChartsSignalsTrading Open / Comment

2022-05-09 04:56:43 Educational Post:
What is CME gap?

CME(Chicago Mercantile Exchange) is an exchange that offers trading facilities including Bitcoin's future contracts. Now we all know that these exchanges have certain times to trade in. They do not stay open 24/7. CME closes weekly on every Friday and than reopens on Monday. During the time when CME is closed, the worldwide trade of $BTC doesn't close on other exchanges like Binance, Kucoin and others as it is a 24/7 trading facility.

Consequently, there is a gap created in between the closing price of Friday on CME and opening price of Monday on CME charts, which is widely referred to as CME gap.

90% of the time the CME gap is filled in the coming week.

@ChartsSignalsTrading Open / Comment