#BNB IS READY TO BOUNCE, DON'T MISS THIS OPPORTUNITY😱Binance Coin (BNB) Technical Analysis:
BNB is trading at 278$ which is a strong level of support, we are expecting a good bounce up to the upper level of this symmetrical triangle
and if it breakout this pattern then we can see some good bounce according to the pattern.
we have 353$ and upper resistance of this rising channel 510$ or all-time high
It can offer long-term investors an excellent entry point.
Conclusion:
Overall, technical analysis indicates that Binance Coin (BNB) could expand by 50% or more in the near future, indicating that there is tremendous potential for development in the asset. But like with any investment, you must conduct your own research and base your choices on your personal risk appetite and financial objectives.
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TRADING IS HARDER THAN YOU THINK: THE COMPLEXITY OF TRADINGHello traders, today we will talk about THE COMPLEXITY OF TRADING
THE FIRST DECISIONS ABOUT YOUR TRADING STRATEGY
People who are unfamiliar with the financial sector may find it daunting to have to respond to several questions before they can even make their first trade. However, because each element and idea is interconnected with the others, leaving out even one will cause your otherwise flawlessly constructed trading strategy to fall apart.
Each and every one of the financial markets is significantly dissimilar from the others and requires a completely unique skill set and perspective. Do you prefer trading less leveraged equities that require a larger account to the 24/5 forex market where leverage allows traders to potentially make large gains with as little as a few hundred dollars? Are you more interested in trading on the simple spot market or the more complicated.
If you have to balance trading with your everyday life, time and time horizon are the main determining elements, and this directly relates to questions regarding your trading approach. The question of whether you want to be a day trader or a swing trader who holds positions for a longer period of time is related to the timeframes you want to trade and affects how long you keep positions. If you don't currently trade full-time, you will also need to figure out how to fit trading into your daily life. Additionally, you must choose your trading instruments, such as price action patterns and/or indicators. Which one you like is a matter of personal preference, but the fact that there are thousands of self-described trading experts
TRADING DECISIONS BEFORE YOU TAKE A TRADE
You are prepared to proceed to the next level once you have provided answers to the questions above. Once your trading strategy has been determined, you should be extremely clear about the entrance criteria, the significance and order of each entry condition, and whether or not the various entry criteria have an impact on your win rate.
Then, be completely honest with yourself and determine if you actually possess an advantage. Have you backtested your trading method without lying to yourself or cheating? If it's even conceivable, did you demo trade and handle demo trading as you would real money trading? Are you able to gauge whether markets have altered and are you ready to respond to them?
Additionally, you will need to have an organised and well-considered risk management strategy. Your trading performance is significantly impacted by the size of your account alone. If your account is too huge, fear and greed will dictate your trading choices, as opposed to your trading being very sloppy if your account is too small. What is your position sizing strategy, secondly? Do you utilise a fixed % amount for each trade, or do position sizes change depending on the strength of setups? Last but not least, how much exposure are you ready to take on for all open trades, and do you take correlations into account when making new trades?
TRADING DECISIONS WHEN YOU ARE IN A TRADE
You are prepared to make a deal once you have answers to all the previously asked questions. However, once you enter a trade, you are forced to handle a completely different set of issues while feeling the strain of actual market exposure. As a result, it's crucial that you have all the answers before making any transactions so that you can carry out your trading strategy without having to think too much.carry out your trading strategy without having to give it any thought.
Scaling in and scaling out, increased risk, and having to deal with comparable trading decisions if you have open positions in linked instruments are some of the ideas connected to risk management that come up in the questions. Do you also monitor how your risk-to-reward ratio changes throughout the course of a trade? Your risk management strategy will also influence how you respond to challenges like news events, unforeseen political and geopolitical developments, and making trades over the weekend.
The principles of risk are very intimately related to issues of trade management. Stop loss and take profit management are the two most crucial aspects of trade management. When a trade goes in your favour, do you actively move your stop loss order? If the answer is yes, develop a complex and tried-and-true stop loss technique rather than hopping around stops. For your take profit orders, the same is true. The reason why most traders take profits too soon is because they confuse a small pullback with a trend change. In order to improve, write down your stop loss and take profit management rules, test them, and evaluate their results.
Furthermore, non-chart events are just as significant as your active trading choices on your price charts. The difference between a competent, lucrative trader and a continually losing amateur trader is a sound trading strategy, where you map out potential trading scenarios beforehand and prepare your trades before they take place. His trading journal is the trader's second-most crucial instrument. A trader keeps a record of all of his previous trades in a trading notebook in an effort to identify weak points and improve his edge. Because it takes a lot of discipline and effort, yet will mean the difference between continually losing and making profits, it is surprising how few traders have neither of the two.
CONCLUSION: BEING A TRADER MEANS MAKING DECISIONS
Despite the fact that trading initially appears to be relatively straightforward, being a successful trader demands a very professional mindset and approach. A trader has to come up with sophisticated and tried methods to manage his deals before, during, and after they occurred. He must deal with a number of extremely difficult issues on a regular basis.
This article's objective is not to scare you away, but to inform you of the complexity of trading and provide you with a rule to follow in order to maximise the effectiveness of your trading strategy.
Be disciplined
Be flexible
Never stop learning
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#BTC will break this resistance or we will see a pullback?#BTC UPDATE
On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge.
A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support.
Let's understand deeply
Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023
Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network.
The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings.
Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability.
In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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Bitcoin can make corrections and then bounce up!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATED
As we can see on this chart In the long term BTC is forming these two patterns head and shoulder pattern and ascending triangle pattern, both important support is around 26500 which is also the neckline of an inverse head and shoulder pattern.
According to both patterns, there is a chance that BTC may retest the 25,500K level if it’s able to hold this 100ma support.
Currently its holding above 100ma at the moment.
Stay tuned I will keep updating
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#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE
ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday.
The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier.
The currency will start to strengthen if the bulls manage to keep the price in the new channel.
The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index.
Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel.
Strong support: 1880, 1846, 1775.
Strong resistance: 1920, 1941, 2021.
I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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#BTC is getting ready for the Big move!!
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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#BTC UPDATE
BTC is forming this bullish pennant pattern
what is bullish pennant pattern
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
*BTC Need to Clear the 29,500 Resistance to Confirm the bullish pennant pattern Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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BTC 55 EMA pattern perdition In yellow I have put what I think BTC will follow, my prediction of the 55 EMA Last week of April up to $28500 then down to FWB:25K for support, then rally to $35k by mid-end June, then a flat week to follow into July, anything past that is luck but I see the bull run starting this summer, BTC Halving events at end of 2023 and 4-year cycles are all in play to make the end of 2023 and all of 2024-25 great years. Let the bulls run wild. God speed!
2019 all over again?Bitcoin is looking to repeat 2019 price action, with this bear run rally.
It would bring us above 40,000$ and then slowly bleed into 2024 and a real bottom, before next halving.
I don't guarantee for the exact days and numbers, but if true, we are in for 40-60 more days of pump, before rest of the year slow bleed to 15-17k area.
Confirmation of this idea: next few weeks close green, consecutive.
Rejection: new low on weekly.
MARKET UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
A weekly candle close above 25k could suggest that the market is expecting a bullish trend.
So let's see how the weekly candle closes
* RSI is also sowing some bullish divergences move
#USDT.D UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
TOTAL 2 UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Are you guys ready for the bull run?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#Bitcoin Long Term Technical Analysis:-
In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently bouncing from there.
After the breakout of this expanding triangle pattern, we expect a 400% bounce technical
TARGET:- 73k, 90k, 150k,
This is not a piece of financial advice.
(DYOR)
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BTC bottom and bull run start!! Magic indicators!!I'm looking at weekly timeframe. I added 2 magic indicators which predicted exact BTC bottom and bull run start 3 times in the whole history of BTC.
As you see, when 2d indicator flashes orange color it marks BTC bottom and 1st indicator's bullish cross marks Bull run start with main trendline breakout.
I expect that major diagonal trendline to be broken in late November and early December 2022.
This is my another analysis based on history data which proves my previous analyses about BTC bottom I published since June 2022 are accurate till now.
As you remember I published BTC bottom was in at 17.5K on 18.06.2022 and later added more than 12 charts which proves BTC has already bottomed.
You can check all my analyses about BTC bottom bellow related ideas and if you like my ideas , don't forget to like and follow me please.
Vethor Projection and rising scallop. In this idea I am investigating Vethor and seeing what kind of profit we can project for stake holders of VET. So looks like we got a clean Ascending Scallop and we will see some decent movement. Not a lot compared to other coins, but when you get Vethor free just for holding VET doesn't much matter if the interest token goes up as it is best to take what you can get. If you agree throw me a like and follow me for unique ideas and Charts that keep you in the gains! - Much love to my supporters ND
SOL/USDT 4 Hour Chart Possible Ascending Triangle In this idea I see a possbile ascending triangle forming. From what I can see this is a pretty bullish pattern being expressed and we will see if it plays out over the next couple days. Obviously Bitcoin will have to cooperate. The pattern preceding the ascending triangle is the reason for this chart idea as you can see I have no real touches on my lines which I have placed to illustrate what I see. I will update this idea with projections of the top of the this leg of the bullrun in the digital assets market. If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
BTC bottom range based RSI indicator, 24-period based on highsINDEX:BTCUSD
RSI is a trend indicator...
Based on the RSI period 24 based on the high of each candle, being oversold at 30 and overbought at 90, we have incredible results in anticipating bull runs, and always buying in the bottom range, As well as taking the operation to optimal sales values
In 2017, the sale indication was at the exact top, in 2020/2021, on the other hand, the sale was well anticipated, but still very profitable, but the repurchase came at much better values than the sale is soon a success.
XRP WHAT WE NEED FOR 1$HI guys, our next step is 0.57$ in the weekly and the montly chart(see thouse)
after that as i marked in the red pattern line, another down trend followed for a bull run to the 1$>
in the daily and weekly chart we bounced the 50% on RSI.
0.57$ is the Mark, if we cross it, if we close above it i will buy.
CAN BIT2ME GO TO 1$?hello guys i hope you are well.
in recentry news Telefonica new adquisition is BIT2ME.
telefonica is one of the greates comunications company around the globe, and its new adquisition of a spanish crypto company make me believe that Bit2Me will reach 1$ soon or this year..
why? because Telefonica as i said, never make mistakes.
we are in a resintance zone now and if surprice it , next eyes in 0.04$