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ATH

30% chance of ATH soon for BTCIn this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring. Continuation to ATH: 33% "Dead-cat bounce" with a head and shoulders forming in the $48K-55k range: 33% Immediate rejection around $48k-52k, then a drop down to the $30k range: 33% Yea..."it could go up down or sideways"... I get that, however this is my "more detailed" version of that here. A healthy movement on the RSI over the next week or two will be the best indicator here for the bullish scenario, and an over correction of the RSI will most likely signify the bearish scenarios.
by DoozerInvest
🌳very important terminologies in Trading🌳Hello every one 🟡(1) Price action The Movement of an asset or Security's price over Time , Plotted on The chart 🟡(2) All-Time High (ATH) The Highest asset has Ever been in Price 🟢(3) Support a Point in the market where the Price is less likely to drop below due to previous demand or price action 🟡(3) Resistance a Point in the market where the Price is less likely to break above due to previous demand or price action 🔵(4) Trend line a line indicating the General Price Direction of a chart 🟡(5) break out when the Price of the asset break through a pre-determined Trendline ⚪(6) Formation when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions. 🟢(7) pump or bullish The price of an asset is going up 🟡(7) Dump or bearish The price of an asset is going Down 🔵(8) Long Position a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value 🟡(8) short Position The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Education
by CobraVanguard
21
BIG news! BTC broke 45k! Bull market cycle getting closer! Another HUGE move by BTC. I didnt think we would cross 45k this week. Maybe next week but it happened TODAY. There is some serious strength going on with the market now and all indicators are showing this is the start of a full reversal. As i always note this isnt 100%, we are marking off check box after check box and we have just a little bit more to confirm before we can ring the BULL MARKET ARRIVAL bell. Exciting times. Good luck everyone! I also go over SHIB a bit in this video and I go over showing how BITCOIN affects the crypto market as a whole.
Long
by ConqueringCrypto
4
SAND, May jump soon from the support to the new ATH !SAND is reaching to strong support while completing an abc correction pattern ! It may pump soon ! SAND is nicely inside a up going parallel channel with two price action to upper boundary and many to channel mid line. As shown on the chart, SAND has completed waves i,ii,iii,iv and v of a wave cycle to form larger degree wave (iii) and currently is correcting that cycle forming wave (iv). Strong support can be recognized at 3.33 USD formed by 0.618 golden ratio of wave (iii) , 1.272 extension of wave b of (iv) and 100% projection of wave a from top of wave b . This PRZ (Potential Reversal Zone) coincides with top of wave iii which is strong static support. If true , SAND is going to show us a new ATH and offers huge profit ! . First major resistance and our target is 10-12 USD . If it can break that resistance, we can think about reaching to top of channel once more and making much more profit as well !. Please note this is the Best Case Scenario . We know that wave 4s can take complicated forms like triangles which are confusing and boring. For now , lets hope for the best. Wish you nice profits.
Long
by SaeedSajedi
4
ROSE - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: left ROSE is overall bullish trading above the blue trendline and now retesting its All-Time-High so we will be looking for trend-following buy setups. on M30: right ROSE is forming a channel in red, so we are waiting for a new swing high to form around the upper trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ROSE would be overall bearish can still trade lower till the blue trendline before going up. In this case, we will be looking for new buy setups to form. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
18