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What is Stop-Loss? (explanation)

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On 10/16/2020 at 6:38 PM, odisseu said:

ı think a stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. 
 

Yes @odisseu also we can call it Stop orders are usually used fix or to limit potential losses to avoid or in case the price suddenly rises higher or drops. When we place the stop order we set two points an entry and exit price. Once the price will be surpasses the predefined two points entry or exit, the stop order convert to an instant order and will be executed.

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1 hour ago, tienda said:

Yes @odisseu also we can call it Stop orders are usually used fix or to limit potential losses to avoid or in case the price suddenly rises higher or drops. When we place the stop order we set two points an entry and exit price. Once the price will be surpasses the predefined two points entry or exit, the stop order convert to an instant order and will be executed.

 

What you both talking about? :classic_huh:

@odisseu how "buy" can be stop loss please explain me?

And @tienda why you complicate when it's simple, why call it stop order when you can simple call it stop loss like tittle of topic?

 

I really dont understand you, I understand that you want to write more posts but why you complicate something which is really simple. And a lot of members write already that when they read topic they understand that trading "expression" (stop loss). Please if you dont have anything interesting or new which is not already written dont write anything try to find some other topic.

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2 hours ago, BullRunBit said:

I understand that you want to write more posts

You are wrong! @BullRunBit I m not here to write more post okay! and always I investigate before I send my post. About your topic before my participation I did the search about Stop loss and Stop order for this reason I am sure what I have written.

So I will repeat you STOP LOSS is like STOP ORDER... "Stop orders are usually used to limit losses in case the price suddenly drops or rises" means we can use stop order in buying or selling. In case you want to understand more about Stop order with examples, please check here: Bitstamp Faq Stop-order

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Nice guide. But in my opinion stop loss is like the bad weapon. Because if we always put stop loss in every trading, we like don't believe our strategy and analytic. Many times i put stop loss and get loss in the end. So for now i trading without stop loss. So what happen if the price going down? I will going to buy more until the price going up again. I will sell it if more than average price my buying price.

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Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

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On 10/31/2020 at 7:33 PM, tienda said:

You are wrong! @BullRunBit I m not here to write more post okay! and always I investigate before I send my post. About your topic before my participation I did the search about Stop loss and Stop order for this reason I am sure what I have written.

So I will repeat you STOP LOSS is like STOP ORDER... "Stop orders are usually used to limit losses in case the price suddenly drops or rises" means we can use stop order in buying or selling. In case you want to understand more about Stop order with examples, please check here: Bitstamp Faq Stop-order

Is this what you talking about:

In this topic I'm talking about just about cut your loss not about function on exchange.

And I dont want to write everything again.

20 hours ago, febriyana said:

Nice guide. But in my opinion stop loss is like the bad weapon. Because if we always put stop loss in every trading, we like don't believe our strategy and analytic. Many times i put stop loss and get loss in the end. So for now i trading without stop loss. So what happen if the price going down? I will going to buy more until the price going up again. I will sell it if more than average price my buying price.

Agree, if you believe in that coin/token.

But if you are day trader you will probably use stop loss.

But again I agree with you that if you believe in some coin/token and if price go down that you buy more that coin/token and when price recover you will have bigger profit.

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On 5/4/2020 at 5:10 PM, scorpiali said:

This a good feature in every exchange because they can protect your money to lose value and stable them in some price,But still Yobit exchange dont have this feature and more ,they really should work for that

Sometime SL/Stop Loss prove better for your trading and sometime it will not as its good and recommended way to use the stop loss but I will prefer to sit in front of the system while trading.

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5 hours ago, Khan said:

Sometime SL/Stop Loss prove better for your trading and sometime it will not as its good and recommended way to use the stop loss but I will prefer to sit in front of the system while trading.

You can use the stop lose if you do have a time and you can't stay in front of the chart to see the price and you put it to secure your funds because the price is moving to much,but if you have time you can not use it

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On 11/10/2020 at 10:35 AM, HanSerb said:

Stop loss is accurate at times, but the last time I used it, my bitcoin converted to tether but later the price of bitcoin started to increase. I lose and get the price increases above $15000. We should be careful to use stop lose carefully because it can also result to loss. 

Nobody is perfect, just learn more about trading and make use of RSI indicator before using stop loss, stop loss is good, I understand what you commented, but stop loss is really helping many traders. 

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Great and really straightforward explanation about stop-loss. Actually, many traders end up losing substantial amounts of money for not using this useful risk-management tool. Many other do use it but don't stick to it as the price get close to the price triggering the stop-loss. This is a common mistake driven by the feeling that the market might recover, and we can eventually get some profit. Definitely, using and adequately managing the stop loss can save ourselves from quite some headaches. 

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And the great weapon of our business to prevent any loss.  If we set a stop loss then and if the price of the currency goes against our order or business and when the price moves in the opposite direction then the trigger damages to help us stop our trade.

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5 hours ago, Pranto1 said:

And the great weapon of our business to prevent any loss.  If we set a stop loss then and if the price of the currency goes against our order or business and when the price moves in the opposite direction then the trigger damages to help us stop our trade.

Stop loss is not used to prevent losses fully, you will still have to lose a little when the market price of the coin is dropping and dropped to the price you set to sell the coin, still there will be little loss but further loss will be prevented. 

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One of the main reasons for stop loss is that you are always waiting for the luckk that maybe today is your day and you can make a huge profit and this is the thought that overwhelms you. When you buy an share and Can't decide whether to sell it or wait any longer and when suddenly the market rate goes down than there  stop loss occurs and that relationship directly depends on you how you can avoid it.

stop-loss-order.png

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59 minutes ago, Abuzar hashmi said:

One of the main reasons for stop loss is that you are always waiting for the luckk that maybe today is your day and you can make a huge profit and this is the thought that overwhelms you. When you buy an share and Can't decide whether to sell it or wait any longer and when suddenly the market rate goes down than there  stop loss occurs and that relationship directly depends on you how you can avoid it.

stop-loss-order.png

Interesting photo, but why not to sell when price is up?

Why to wait and use stop loss order?

That "dots" can be your stop loss for example, and if price touch that point then you sell that coin/token.

But if price go up for example 10%-20% you can to sell and dont need use stop loss.

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Stop loss is rally great feature in trading and every exchange provide this feature for their traders, because they don,t face huge loss. Trading is not easy and without this stop loss feature we loss our funds in few hour. stop loss can prevent you lose a lot of money. Always keep in mind.

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Stop loss is the management of your loss it is advanced order to sell an asset when it reaches a particular price point.it is using to limit loss or gain in trading.

The concept can be used for short term as well as long term trading this is an automatic order that investor place with their platform or broker.

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On 3/5/2020 at 4:51, BullRunBit said:

La explicación simple de la función Stop-Loss es que usted reduce sus pérdidas si el precio va en la dirección incorrecta, y que reduce sus pérdidas utiliza la función Stop Loss.

Ejemplo:

Compro Bitcoin a un precio de 8,700 $ y configuro mi stop-loss en 8,000 $ que es más del -8% de stop-loss de mi precio de compra y si el precio baja hasta los 8,000 $, lo venderé por ese precio y si el precio baja más Reduciré las pérdidas y tal vez compraré a un precio más bajo, etc.

 

La función Stop Loss consiste en reducir las pérdidas si cree que el precio bajará.

Una explantación más (imagen):

900551253_MovaviScreenShot039-YoBit.Net-DASH (DASH) Exchange-yobit_net.jpg.c193f15e2b264ee05d3c25f62c8407b7.jpg

Si tiene alguna pregunta, pregunte libremente aquí.

This since it was implemented greatly reduced losses, this is the greatest thing that exists to be able to trade with more security without being afraid of losing a lot of money.

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On 03.05.2020 at 11:51, BullRunBit said:

Simple explanation of function Stop-Loss is that you cut your loss if price go in wrong way, and that you cut your loss you use stop-loss function.

Example:

I buy Bitcoin on 8,700$ price and set up my stop-loss on 8,000$ that is over -8% stop-loss of my buying price and if price go down till 8,000$ I will sell for that price and if price go more down I will cut loss and maybe buy at lower price etc.

 

Stop-loss function is that you cut your loss if you think that price will go down.

One more explantation (image):

900551253_MovaviScreenShot039-YoBit.Net-DASH(DASH)Exchange-yobit_net.jpg.c193f15e2b264ee05d3c25f62c8407b7.jpg

If you have any questions freely ask here.

Nice guide, even though i knew it before. Honestly, you could have unite Stop-loss and Take-profit orders in one topic, to give more information for the newbees.

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Usually trader use stop lose feature to get safe from big lose in trading because sometime our price prediction go in wrong way which can give us huge lose so if we use the stop lose feature then easily pass the huge lose and buy more coin when it dump as you said..  But some time trader forget to use it and get lose  money .. 

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This function is something cool for those who do not have enough time to keep up with the daily news of the charts and the currencies that they are trading with, But in my opinion, I think sometimes when you monitor the movement of the the signal and you understand it very well you might prefer to not put that function in order to not stop buying or selling even if you might lose more but you are sure that you will make a better profit.

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The stop loss order was developed to reduce the trader's losses in currency trading and various financial instruments.  It is good to have this tool, because sometimes you are unable to sit in front of the computer and observe it, and there is also a simple and important reason is that you cannot predict the exact future, it is good to have a stop loss order.

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As far as I know, stop loss is a system where a purchase is placed at a lower price than the specified price, and the sale is executed after buying at a certain price. This system is made to avoid much damage. Where to put the stop loss looks at the person's ability and knowledge.

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@BullRunBit A stop loss is a set price point on your chart, where you determine where you get stopped out or close your trade, automatically. You can use a stop loss for a buy / sell ( long / short ) trade. As soon as your trade is live, you should place your stop lose ( S / L ). You should also use a Pip Size Calculator to help you determine your entry price, take profit & stop loss. Google - Baby Pips - Pip Size Calculator.

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On 5/4/2020 at 1:10 PM, scorpiali said:

This a good feature in every exchange because they can protect your money to lose value and stable them in some price,But still Yobit exchange dont have this feature and more ,they really should work for that

Yes it is a great feature in every exchange, it helps traders cut lose automatically, I wish yobit has such feature because i have not seen such button in yobit.

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Against this backdrop, the likelihood of a dollar interest rate cut at the Fed's June meeting, according to the FedWatch Tool, fell to 15%. Market participants believe that, at best, a decision to change the current policy may be taken in September. Some economists, including analysts from Morgan Stanley and Societe Generale, even suggest that the Fed may delay the first rate cut until early 2025. Such forecasts led to the US currency rising to five-month highs in mid-April against the euro, British pound, Australian, and New Zealand dollars, with USD/JPY once again reaching a 34-year price record and the DXY index climbing to 106.42.   However, that was in mid-April. For the last ten days of the month, the DXY was under bearish pressure, pushing EUR/USD upward. Jerome Powell stated that decisions on rate cuts are not made in advance but depend entirely on macroeconomic statistics. The statistics released in the last few days looked ambiguous, causing doubts that the US economy could maintain its previous positive dynamics. Tuesday's statistics on April 23, regarding US business activity and core durable goods orders, disappointed investors. Preliminary data from S&P Global showed that the Business Activity Index (PMI) in the US services sector unexpectedly fell from 51.7 to 50.9 points. The manufacturing sector's indicators were even worse, where the PMI crossed the threshold, separating progress from regression. In April, this indicator fell from 51.9 to 49.9 (forecast 52.0). These data alone are not as significant as labor market or inflation reports, but two days later, on April 25, they were supplemented by equally disappointing US GDP data. The preliminary estimate showed that US economic growth in Q1 was only 1.6%, lower than the forecast 2.5% and previous 3.4%. Compared to the same quarter in 2023, GDP growth decreased from 3.1% to 3.0%. Against this backdrop, the DXY, and with it EUR/USD, underwent a correction, with the pair rising to 1.0752.     It should be recalled that the US inflation data released on April 10 showed that the Consumer Price Index (CPI) reached 3.5% year-on-year, the highest in six months. On Friday, April 26, the Bureau of Economic Analysis reported that inflation measured by the change in the Personal Consumption Expenditures (PCE) Price Index in March rose to 2.7% (year-on-year). The core PCE, which excludes volatile food and energy prices, instead of the expected decrease to 2.6%, remained at the previous level of 2.8%. Thus, on the one hand, we see that inflation is resistant and does not want to go down, and on the other hand, we observe a slowdown in GDP growth.   According to our forecasts, faced with such a crossroads, the Fed will still not deviate from its previous path and will choose to fight price growth. Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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