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Bitcoin's most awaited October is here!Let's take a look at how COINBASE:BTCUSD performance in October month. 2011: -31.54% 🔴 2012: -9.98% 🔴 2013: +61.22% 🟢 2014: -13.58% 🔴 2015: +31.32% 🟢 2016: +14.60% 🟢 2017: +48.63% 🟢 2018: -4.46% 🔴 2019: +10.26% 🟢 2020: +28.19% 🟢 2021: +39.98% 🟢 2022: +5.52% 🟢 2023: +0.5% 🟢 ⌛ October month is considered one of the best month for BINANCE:BTCUSD , historically we have seen postive candle with upto +61% increase in price in a single month. BINANCE:BTCUSDT usually repeats past trends, if that happens we can expected a green candle with significant upward moment in BITSTAMP:BTCUSD price. Follow us for more updates. Cheers GreenCrypto
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
A hope for BullRun, Bitcoin September Month's PerformanceLet's take a look at how Bitcoin's performance in September month. September is considered worst month for bitcoin. 2011: -39.75% 🔴 2012: +20.28% 🟢 2013: -1.37% 🔴 2014: -18.36% 🔴 2015: +2.76% 🟢 2016: +6.57% 🟢 2017: -8.62% 🔴 2018: -5.98% 🔴 2019: -13.51% 🔴 2020: -7.52% 🔴 2021: -7.04% 🔴 2022: -3.16% 🔴 2023: +4.11% 🟢 ⌛ Whenever September month closed in green, we had bullish momentum October month, hopefully this September will close in green candle and fuel the bull run for October. Follow us for more updates. Cheers GreenCrypto
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
Bitcoin SMA 200 is the current major supportBitcoin is currently staying strongly above the 200 SMA level. Usually 200 SMA line acts as a strong support or resistance level. We can expect BITSTAMP:BTCUSD to stay above 200 SMA and bounce back from that level. If BITSTAMP:BTCUSD breaks 200 SMA then we can see a sudden drop in BTC price upto 22000. In the last 3 weeks we did not see a major drop in bitcoin price (we had sudden pump and dump in bitcoin price but it failed to move it below 25K. ) Given the way BTC price is moving I expect it to stay above the 200 SMA level, may be we can see a small wick moving below it but nothing more than that. Once it bounces back from the 200 SMA area we are in for a huge upward momentum, we can use the 200 SMA a stoploss level and enter a LONG position after clear bounce back. Let's wait and see how market reacts. Follow us for more analysis and updates. Cheers! GreenCrypto
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
5
Simple Introduction to RSI for Crypto TradingCrypto trading can be a rollercoaster ride, with prices jumping up and down. To help you make smarter trading choices, many traders turn to technical tools like the Relative Strength Index (RSI). In this article, we'll break down what RSI is, how it works, and how you can use it as a crypto trader, even if you're not a finance expert. What is RSI? RSI stands for Relative Strength Index, but you don't need to worry too much about the fancy name. It's just a tool that helps you figure out if a cryptocurrency is overbought or oversold. Think of it like a traffic light for crypto prices, telling you when to slow down or speed up. How Does RSI Work? RSI works by looking at recent price changes and comparing how much a cryptocurrency has gone up versus how much it's gone down. This gives you a number between 0 and 100, which you can use to make better decisions about buying or selling. Here's the simple way RSI is calculated: First, you pick a specific number of days to look at, usually 14 days. This is called the "period." Next, you figure out how much the price went up and down during those 14 days. Then, you calculate the Relative Strength (RS) by dividing the average gain by the average loss. Finally, you use that RS to find the RSI with a simple formula. Interpreting RSI Once you have your RSI number, it's time to understand what it's telling you: RSI above 70: It's like a red light, indicating the crypto might be overpriced and due for a drop. This could be a good time to sell or take some profits. RSI below 30: It's like a green light, suggesting the crypto might be a bargain and due for a rise. This could be a good time to buy or hold on to what you have. RSI between 30 and 70: It's like a yellow light, showing that things are neither too hot nor too cold. It means the market is in a neutral state, and you might want to use other tools to make your decision. Using RSI in Crypto Trading Here are some practical tips for using RSI in your crypto trading: Double-Check with Other Tools: RSI works best when you use it together with other tools and analysis methods. Don't rely solely on it. Look for Divergence: Keep an eye out for times when RSI disagrees with the price. If RSI is showing one thing and the price is doing something else, it could signal a change in the market. Adjust Your Settings: You can tweak the RSI settings to match the crypto you're trading. Shorter periods (like 7 days) react faster, while longer ones (like 21 days) give smoother signals. Manage Risks: Always be careful and use good risk management. RSI can help, but it's not a crystal ball. Set stop-loss orders and make wise decisions about how much you're willing to risk. Conclusion The Relative Strength Index (RSI) is like a helpful traffic light for crypto traders. By understanding its basics and using it alongside other tools, you can make better decisions in the world of crypto trading. Just remember that RSI is a part of your toolkit, not the whole strategy. Use it wisely and keep learning to become a more successful crypto trader. Cheers! GreenCrypto Follow us for more such articles and trading ideas.
BITSTAMP:BTCUSDEducation
by GreenCryptoTrades
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ If LTC breaks this resistance successfully then we can expect a decent upward movementum. I'm planning to enter a LONG position after a successful breakout with a tight stoploss. Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits. Stoploss is must! Follow us for more updates. Cheers!
Long
by GreenCryptoTrades
6
Bitcoin: A Fib based view on next Bitcoin SupportAs you can see from the chart, the next Fib level 0.5 is at the range of 23600, so we can expect the Bitcoin to consolidate at this range in September, Historically September month ended negatively for Bitcoin most of the time. So it's hard to expect a positive candle close for bitcoin this September. Based on what I see we can expect further negative movement for bitcoin upto 23600 range and price consolidation at this range, this move can be very quick as we can psychological resistance at 25000, if 25K breaks then we can expect bitcoin to reach 23K range very quickly. I would advise again any long term LONG position for bitcoin at this moment unless we see some serious stable price movement upto 27K. Stay tuned for more updates.
CRYPTO:BTCUSDShort
by GreenCryptoTrades
Bitcoin 2020 vs 2023 , just a comparisonA looks 2020 and 2023 bitcoin chart on weekly candle. Trend looks similar, however bears are stronger this time compared to 2020, in 2020 we had similar patter but that we after continuous upward momentum and this pattern emerged after that, but this time it is after continuous downtrend from 60K. Changes are having another correction is higher but let's wait and see. PS: This is just an outlook on comparing the current pattern with 2020, this is not a trading advice, take it pinch of salt. :) Cheers
BITSTAMP:BTCUSD
by GreenCryptoTrades
BTC Dominance, Up or Down ? Both good for crypto!As we can see in the above chart BTC dominance is at a crucial point, It is at a resistance which is tested multiple times in last 2 years but failed to break it. We can expect 2 + 1 scenario based on the above chart. Scenario A: Bitcoin will pump and Alts will bleed which will result in break of this resistance for Bitcoin dominance. So if you are holding bitcoin you are gonna be very lucky Scenario B: Bitcoin price will remain the same or see a minor correct but Alts will pump like a bull market. this can result in BTC dominance getting rejected at the resistance. Scenario C: Both Bitcoin and Altcoins will crash and Bitcoin dominance doesn't matter anymore. Personally i'm expecting Bitcoin dominance to increase in the upcoming weeks and we can expect the dominance to break-out the resistance in the upcoming month. Bitcoin price will increase similar to past bull runs and Alts will follow the bitcoin price only after few months when bitcoin starts consolidating. In a bull run Bitcoin always leads the rally and Alts simply follows it.! GreenCrypto
CRYPTOCAP:BTC.D
by GreenCryptoTrades
2
Bitcoin, A long term overview!Let's take a look at Bitcoin in 1D chart, a long term overview of the possible bitcoin moment for upcoming weeks. Recently Bitcoin is showing more bullish momentum and everyone is optimistic towards the bull run. However as we have seen the past, a proper bull run starts after the Bitcoin halving. Whatever the momentum that we are seeing now is just a preparation for the real bull run which is expected after the bitcoin halving (which is expected around April 2024) and we are going see new ATH for bitcoin in end of 2024 or beginning of 2025 Let's see what we can expect in the upcoming weeks. As expected we can see some consolidation of the bitcoin pricing around the current resistance around 27-30K. Breaking 30k barrier will add some positive sentiment to the market and we can expect some consolidation after breaking 30k. If the positive sentiment continue we can expect bitcoin to rally towards it's next major psychological resistance of40K. I believe run from 30K to 40K will be a smoother one and should be achieved within a month. Overall i'm bullish on the overall bitcoin pricing expecting it to reach 40K within next 4-8 weeks. Once we reach 40k, it's hard to reach 50K barrier and we can some downtrend after that. For now let's wait and watch for 40k target and enter some low leveraged trades on Bitcoin with Stoploss around 23k range. Cheers!
Long
by GreenCryptoTrades
What happens when Bitcoin price moves below 200 EMA ?A historical data of the Bitcoin with EMA 200 shows that whenever Bitcoin moved below 200 EMA, it always bounced back to Higher High. We can expect the same bounce back in this case. This is an excellent opportunity for the people to buy more Bitcoin and HODL for long term. As per the chart we can expect BTC to move sideways for few more weeks and after that, it's gonna a Green Candles back to back. Let's wait and watch. Cheers GreenCrypto.
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
7
DOGE - Ready for symmetric triangle breakoutBINANCE:DOGEUSDT has formed a very nice symmetric triangle and it's ready for breakout. We can expect to DOGE to break upward since the overall trend is upward, we have very nice LONG trade if the triangle breaks upward and our next exit is at next resistance line. It is also possible for DOGE to break downward, if its break out downward then we have very strong support line. If the strong support line is broken then we can expect a sudden drop in the price. Check the posted chart for more details about the entry and exit prices. Like and follow for more updates. Cheers GreenCrypto Team
Long
by GreenCryptoTrades
8
CAKE ( Pancake ) is at Major Support LevelCurrently pancake (CAKE) is trading at its major support level. This support level is very crucial for the CAKE to hold its double digit price. In the past this support level acted as bounce back price for pancake. If you are planning to add some CAKE to your portfolio then this is a good time buy and if the price goes lower then probably you can do DCA after that. You can also get 70+% APY by staking CAKE at pancakeswap exchange. Stay tuned for more updates.
Long
by GreenCryptoTrades
6