What do the lines mean on Binance?

There are three lines moving across the top graph. Each represent a moving average. The Yellow line shows the moving average over the last 7 days. The purple line shows the moving average over the last 25 days. The red line is the moving average over the last 99 days.

How do you analyze a Binance chart?

How do candlestick charts work?

  1. Open — The first recorded trading price of the asset within that particular timeframe.
  2. High — The highest recorded trading price of the asset within that particular timeframe.
  3. Low — The lowest recorded trading price of the asset within that particular timeframe.

How do you read a Binance order?

You can visualize the order book via the market depth chart on Binance. Bids in green on the left side and asks in red on the right side, forming what looks like a valley around the market price. You can also fetch order book data through Binance’s API.

What does the 5x mean on Binance?

Your Margin Wallet balance determines the amount of funds you can borrow, following a fixed rate of 5:1 (5x). So if you have 1 BTC, you can borrow 4 more.

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How do you read a Binance trade history?

To view your trade history on Binance, tap on “Markets,” then select any base currency. Alternatively, if you have any trading pairs saved, select “Favorites,” then tap on any trading pair. Either way, select either “Buy” or “Sell” from within the summary page to get into that coin or pair’s buy or sell page.

How do you trade in Binance for beginners?

How to use Binance for Basic Trades

  1. Login to your Binance account. Nice and easy!
  2. Click on Exchange on the taskbar and select Basic.
  3. As you can see, Basic isn’t very basic!
  4. Choose a trading pair. Binance lists hundreds of trading pairs. …
  5. Choose which type of trade you want to make. …
  6. Choose the amount you want to trade.

19 июл. 2020 г.

What is the purple line on Binance?

The purple line shows the moving average over the last 25 days. The red line is the moving average over the last 99 days. It is human nature to not want to buy something at a higher price than its average, but past performance is not indicative of future results.

What is order book in Binance?

The order book is a list of the currently open buy and sell orders for an asset, organized by price. The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The orders color-coded in green show buy orders at specific price levels, while the orders in red show sell orders.

How do you set buy and sell orders on Binance?

After logging in to your Binance account, choose the BNB market you want (e.g., BNB/USDT) and go to the trading page. Then, find the Market order tab, set the amount to 2 BNB, and click the Buy BNB button. After that, you will see a confirmation message on the screen, and your market order will be executed.

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Can I have 2 Binance accounts?

I believe that the first level account do not need any KYC so you can have multiple accounts for a daily withdrawal limit of 2 BTC but if you plan to have a higher level account with a daily limit of 100 BTC, that will require KYC. Quite sure you cannot have 2 KYC with same person.

Why Binance is not working?

Probably the server is overloaded, down or unreachable because of a network problem, outage or a website maintenance is in progress…

What does Binance 10x mean?

The 10x refers to margin trading. This is in a different mode (although advertised within the regular spot trading mode). Don’t play with this unless you’re very experienced. I’m not sure what you mean by “the other way around”. You buy and sell using the same trading pair.

Why is Binance banned in the US?

This isn’t something new. In Mid 2017, Bitfinex decided that it would be removing access to its platform for US clients, citing regulatory uncertainty in the States.

Does Binance report to IRS 2020?

Likewise, Coinbase, Kraken, Binance.us, Gemini, Uphold and other US exchanges do report to the IRS. Therefore, if you receive any tax form from an exchange, the IRS already has a copy of it and you should definitely report it to avoid tax notices and penalties.

How long does Binance take to withdraw?

Binance withdrawals are normally quick and usually take no longer than 30 minutes to reach your destination wallet.

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