DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅
Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process:
1. **Identify Weekly Resistance Levels:**
- Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher.
- These levels are typically points where the price reversed in the past or where it has shown a strong reaction.
2. **Confirmation:**
- Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns.
3. **Monitor Price Action:**
- Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum.
4. **Wait for a Reversal Signal:**
- Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level.
5. **Risk Management:**
- Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through.
6. **Target Profits:**
- Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio.
7. **Consider Fundamental Factors:**
- Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements.
8. **Practice Patience:**
- Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan.
9. **Risk-Reward Ratio:**
- Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success.
10. **Keep an Eye on Market Sentiment:**
- Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal.
Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
Bitcoinlong
#Bitcoin - thoughts out loud #11Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Work plan.
Because it is necessary.
There may be a slight deviation.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
BLX Year by YearYear by Year Bitcoin (BLX) logarithmic chart, ready for a Massive Explode in 2024.
.....................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
[Watch] MARA versus Bitcoin 5️⃣9️⃣| Year to date:455,31%What is going on Team NASDAQ:MARA
Let's look at Hawkeye Traders turning green (monthly chart) for the first time since August 2020.
I include in this video J.R.'s Roadmap in 2024.
Simple to follow and yes, I am not using any stop loss, but you need to evaluate your risk and objectives.
Keep your focus so you can make it happen.
Breath and flush those negative emotions.
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
BTC Another disappointment for the bearshello dear trader and investors
If you follow my page, you know that I have already said that you should only buy Bitcoin, an economic crisis is coming...
Today I want to present another analysis
Bitcoin has reacted to the 0.23 Fibonacci retracement wave... the next target according to the harmonic pattern can be the 2.616 Fibo savior... which is a prz savior consisting of:
(dynamic resistance + fibou 0.618 + harmonic (ab=cd 2.618)
Another disappointment for the bears
good luck
Mehdi
BitcoinMost Altcoins have been in the red since the weekend and the past 24 hours have been no different. Ethereum is currently down 2% and below $2,200. Binance Coin (-1.5%) has dropped below $240.
Even larger daily drops come from Ripple, Dogecoin, Polkadot, and Polygon. Solana has lost 5% on the day and is down to just under $70.
Cardano and Avalanche have dropped the most compared to larger-cap Altcoins. ADA is down 6%, while AVAX is down 9% and trading below $40.
The cumulative market capitalization of all crypto assets has fallen by $50 billion since yesterday's peak of $1.6 trillion and dropped to $1,550 on CMC.
BTC : RSI Macro-TREND Market Hack 😎Hi Traders, Investors and Speculators of Charts📈📉
As I've said before, I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation.
A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level.
This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes.
With help of technical indicator RSI, we can use the macro logarithmic together with the RSI as a sort of "roadmap" to identify the current dominant macro trend .
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
COINBASE:BTCUSD
BTC bullish CLASSIC divergence rsiBTC bullish CLASSIC divergence rsi
RSI Hidden Divergence Trading Examples
Some traders identify a hidden divergence and jump into the market immediately. But I find it more useful to think of a hidden divergence as an alert for possible continuation setups.
Once the alert is issued, we can start looking for continuation trade entries. Short-term bar patterns are helpful at this stage.
Trading Tips And Review
As we’ve pointed out, when marking hidden divergences, the choice of the first swing pivot is critical.
Choose a solid pullback swing that stands out on the chart. It leads to a more reliable RSI hidden divergence. Don’t choose a meandering sideways consolidation.
If you review the examples above, you’ll find a few regular divergences as well. Regular divergences point to reversal, while the hidden ones get you into pullbacks. Such conflicting signals present a problem for our analysis.
But unless other factors support a reversal, give more weight to hidden divergences. (Examples of reversal factors are climactic volume, significant support/resistance, and prolonged congestion.)
Finally, let’s wrap up by reconciling the standard RSI strategy with the hidden divergence.
Recall the standard oversold and overbought RSI strategy. When the RSI falls below 30, we buy; when the RSI rises above 70, we sell. This basic strategy uses arbitrary levels of 30 and 70.
Think of the hidden divergence approach as necessarily the same strategy.
However, instead of 30/70, we use oversold and overbought levels implied by the first swing pivot. (For instance, in Example #1, we were using RSI value 55 as the oversold level.) Hence, this approach seeks to adapt to current market conditions.
If you want to learn more about hidden divergences, check out this review on the MACD Hidden Divergence.
Weekly DXY Breaking Down Below 103 = Bitcoin and Crypto RallyThis is a great looking chart of the DXY on a weekly time frame.
We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level.
This is looking very Bullish for Bitcion and the Total Crypto Market Cap.
Also notice what happened after the last Bearish engulfing candles in October and November.
This is great to see, after 11 straight weeks of Bullish Green weekly DXY candles prior to that.
This is starting to look very interesting, and as we know as the DXY falls, Bitcion goes up.
Also see my recent analysis on how we could see new highs by January, and $100k BTC by or before the Halving.
Let me know what you think!
Sorry Bears, Rare buy signal PUMP COMING!!Hi fellow Traders and Investors
I have already talked about this rare signal with you on the NVT HV. However the the direction is always last to print and has not been exposed until now. I had a bias to the pump side but with no proof, well now I have some confluence coupled with another rare buy signal. The one is on the BBWP (Bollinger band width percentile). Very recently the Bollinger band has printed a rare blue buy signal. if you couple that with the NVT HV it leads to a fairly substantial pump. Another thing to note is the first NVT HV either dumped prices below or was below the Gaussian channel and the second signal lead to a pump when it regained the channel.
Thanks
WeAreSatoshi
Bitcoin And my projection for the KINGHi Everyone;
Today I have a special guest in my Analysis Collection
THE KING
I love Bitcoin and even if it doesn't have the Perfect Investment opportunity, but it is the BITCOIN
the freedom, our freedom
thanks for the all supporters, and for the haters I thank you even more.
Good luck everyone.
A Rocket Called Bitcoin Will Take Off SoonSince the beginning of 2023, the price of Bitcoin has risen significantly relative to other asset classes, demonstrating once again to Wall Street that “digital gold” should not be discounted even despite legal battles with FTX and Binance.
Moreover, in recent weeks, we have seen strong momentum in Bitcoin, bouncing off support with ease even in the face of criticism from US Senator Elizabeth Warren, who is attempting to impose tighter restrictions on many aspects of crypto.
From a technical analysis perspective, we believe that the impulse wave marked on the chart as (3) was completed on December 8, 2023. After which a corrective wave (4) began, which will end in the range of $37,800-$38,200 per BTC, which is a potential opportunity to consider opening a long position ahead of its halving in April 2024.
After the end of the correction, the first stop for digital gold that we highlight is $49,500-$50,000. On a more global scale, we expect its price to reach $110,000 in 2024.
What are we doing?
Considering the significant decline in natural gas prices in recent months and its high reserves in the US and Europe, we believe this will also positively impact the margins of mining companies such as RIOT and HUT8.
We plan to open a long position in RIOT when its price reaches $11.8-$12 per share.
Show your support by liking👍, following✅, sharing🙌, and commenting✍! Feel free to share your ideas and charts below. Your engagement is crucial in spreading the word and maintaining the relevance of the content. Thanks for being an essential part of this community!
Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
[Watch] MARA versus Bitcoin 5️⃣8️⃣| Year to date:309,22%What is going on Team NASDAQ:MARA
Let's think about cause and effect.
Everyone is looking for Fibonacci Projections; I am not.
I want to know how far the asset can run after the last three months of resting.
Yes, in July, August, and October the asset recharged its battery and now it is ready to go.
All you have to do is endure and withstand the aggressive pullbacks and keep your faith.
How do you do that?
You do that when you do not leverage your positions.
You do that when you invest and trade with your spare cash.
That's how you take heat and hate from everyone including your family and keep going until you achieve victory.
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
📈Bitcoin golden position for left behinds📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. Let's make it simple. I think:
Bitcoin will retest lower levels around 35k. (But the most important dynamic level is the weekly Bollinger midline.)
Then the targets for the next jump are 45k, 47k and then 50k.
Above these levels, the most important price resistance is around 52K and 55K.
I personally bought some bitcoin close to 40k and will keep buying until the price is above 35k. (As you can see, Bitcoin touched the mid-Bollinger line on the daily TF)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
📈 Bitcoin Update - Navigating the Zone! 🚀Bitcoin is now in the precise zone we anticipated. We've canceled the last limit order, expecting a pullback from Wave 3 to Wave 4. While a sharp drop is not my primary expectation, even if it occurs, I anticipate it shouldn't fall below the 50% Fibonacci level, roughly at $35,000 maximum, with our entry at around $37,460. Once this correction completes, we might witness a new upswing, possibly coinciding with tomorrow's US inflation figures. Regardless, I foresee a retest of this zone, so patience is key until the limit order is filled. 📈🚀