Hello, Traders! Bitcoin continues to trend upward! Do you know Satoshi Nakamoto's original idea for the leading crypto? It is a fact that Bitcoin was first referred to as “electronic cash,” highlighting its purpose as a means of everyday payment. When BTC first appeared in 2009, its creator, Satoshi Nakamoto, had a clear goal: to create a digital currency that...

What Are Support and Resistance Levels?

BTCUSD

, 1M

WhiteBIT Broker

Hello, Traders! 🌐 Have you ever wondered why prices tend to “bounce” off certain points on a chart? Check out the image above. Those two lines? They represent support and resistance levels—the invisible boundaries guiding price movements. Let’s break it down so you can use these levels to your advantage. Support Level: The Market’s Safety Net 🛡️ Take a look...

What is Profit and Loss (PNL), and How to Calculate It?

BTCUSD

, 1M

WhiteBIT Broker

Hello, Traders! 🌐 Profit and Loss (PNL) is a primary financial metric used to determine the profitability of investments or trading activities. It shows the difference between your earnings and expenses, making it an essential tool for traders and investors to assess their performance and decisions. At its core, PNL is pretty simple: it's the difference between...

A Complete Analysis: Investor Emotions During Market Cycles

BTCUSD

, 1M

WhiteBIT Broker

Hello, Traders! Markets are often as much about psychology as they are about numbers. Cycles typically mirror market participants' emotional ups 📈 and downs 📉 experienced by market participants, with distinct phases reflecting collective sentiment. Understanding these emotional stages can provide critical insights into how markets behave, offering valuable...

Understanding ATH and ATL in Cryptocurrency Trading

BTCUSD

, 1M

WhiteBIT Broker

Hello, Traders! The terms ATH (All-Time High) and ATL (All-Time Low) are crucial in crypto trading. They represent the highest and lowest prices ever reached by a particular asset. These metrics capture the extremes of an asset's value and serve as indicators of future market trends. In this article, we'll explore what ATH means in cryptocurrency, how ATH and...

Understanding Crypto Market Cap

BTCUSD

, 1D

WhiteBIT Broker

Hello, Traders! Navigating the cryptocurrency market can be a thrilling ride 🎢, but it's also a maze of data and trends. One crucial metric that helps guide investors through this complexity is Market Capitalization or MCAP. So, if you’ve ever wondered how to make sense of all the numbers and signals, understanding the cryptocurrency market cap is a great place...