Trading Terminalogies
1 Order: This means how /where u enter or exit a trade
2 Buy. Meaning u should buy(enter) a coin
3. Sell: meaning u should sell off (exit) what u have bought
4. SL: means stop loss ,the point at which a trade is considered invalid and will go against ur prediction ,at this point u are to exit the market
5. TP means Take Profit or Target Points , these are places u are expected to take profit or sell off ur positions
6. Satoshi: The smallest units of Bitcoin usually in this form (0.00000001)
This means 1sat and so on, will throw more light on it
7. ATH: All Time High,the highest point a coin have ever gotten to reached
8. ATL : All Time Low, lowest ever reached by a coin
9. Ranging/Consolidation
When a coin is resting at this point there is no significant increase or decrease by coin
10: Trend: The direction of a coin, can be uptrend or downtrend
Uptrend if going up and downtrend if going down.
11The Bulls: These are sets of traders or investors who wants to the price of a coin to keep going up
12: The Bears : Those who wants the price of a commodity/coin (Market) to go down wards
13: Support: The lower boundary which prevents the price of a coin to keep going down,this is where a buy order can be placed
14: Resistance: The Upper boundary which prevents a coin to keep going up , this serves as a place to sell or close ur trade.
15. Tether Your Fund: This is when a trader converts his/her fund to a stable coin known as USDT (United States Dollar Tether) which is one is to one,bcus the market is unstable at the moment or bcus he/she doesn't want any effect from btc instability actions to effect his/her fund.
$1=1USDT
16 PUMP : when a coin is rapidly going up.
17 DUMP : When a coin is rapidly going down which is also known as crashing
18: FOMO : Fear Of Missing Out ,this usually happens when one hurriedly joins a pumping coin just because he/she doesn't wants to miss out on the trade.
It is always advice not to FOMO in
19: FUD : Fear , Uncertainty and Doubt. when people creat unnecessary panic in the Market without being certain or sure of their source of information
20. Coin Market Capitalization (CMC)
This is a site where all the cryptocurrency is listed and has information concerning them detailed.
1 Order: This means how /where u enter or exit a trade
2 Buy. Meaning u should buy(enter) a coin
3. Sell: meaning u should sell off (exit) what u have bought
4. SL: means stop loss ,the point at which a trade is considered invalid and will go against ur prediction ,at this point u are to exit the market
5. TP means Take Profit or Target Points , these are places u are expected to take profit or sell off ur positions
6. Satoshi: The smallest units of Bitcoin usually in this form (0.00000001)
This means 1sat and so on, will throw more light on it
7. ATH: All Time High,the highest point a coin have ever gotten to reached
8. ATL : All Time Low, lowest ever reached by a coin
9. Ranging/Consolidation
When a coin is resting at this point there is no significant increase or decrease by coin
10: Trend: The direction of a coin, can be uptrend or downtrend
Uptrend if going up and downtrend if going down.
11The Bulls: These are sets of traders or investors who wants to the price of a coin to keep going up
12: The Bears : Those who wants the price of a commodity/coin (Market) to go down wards
13: Support: The lower boundary which prevents the price of a coin to keep going down,this is where a buy order can be placed
14: Resistance: The Upper boundary which prevents a coin to keep going up , this serves as a place to sell or close ur trade.
15. Tether Your Fund: This is when a trader converts his/her fund to a stable coin known as USDT (United States Dollar Tether) which is one is to one,bcus the market is unstable at the moment or bcus he/she doesn't want any effect from btc instability actions to effect his/her fund.
$1=1USDT
16 PUMP : when a coin is rapidly going up.
17 DUMP : When a coin is rapidly going down which is also known as crashing
18: FOMO : Fear Of Missing Out ,this usually happens when one hurriedly joins a pumping coin just because he/she doesn't wants to miss out on the trade.
It is always advice not to FOMO in
19: FUD : Fear , Uncertainty and Doubt. when people creat unnecessary panic in the Market without being certain or sure of their source of information
20. Coin Market Capitalization (CMC)
This is a site where all the cryptocurrency is listed and has information concerning them detailed.