THERE IS TRADE HERE! DYDXHello friends!
DYDX is clearly in a wedge on the 3h chart.
We note that after the recent push, the asset returned a 50% Fibonacci retracement.
So we have a purchase setup here.
Buy in the current range, between 1.20 - 1.15.
Stop: 1.00
Final target: 2.50
Exceptional risk-return ratio.
That's what I'm going to do. And it is not an investment recommendation.
Who will accompany me?
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To the next!
Gustavocorrea
BITCOIN IS GOING TO EXPLODE SOON!
Hello Trading View friends!
I will bring another analysis about BTC.
Notice this pattern that I describe in the center of the graph:
This classic widening pattern is a consolidation that occurs in the asset.
See the 2014-2016 cycle.
The price came from the top to the bottom and entered a widening pattern.
After making 3 touches on the 3-week chart near the top, it broke through and made an extraordinary move.
See the current cycle now:
The price once again came from top to bottom.
It produced 2 touches near the top on the 3-week chart.
Will there be a strong upward breakout like the 2014-2016 cycle?
In my view, there are reasons to understand that yes! And we are very close to this moment.
And you, what do you think of this possibility?
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To the next!
BITCOIN - THE BULL MARKET HAS ALREADY BEGUN AND YOU DIDN'T EVEN Hello friends from TradingView!
Take a look at this chart and its details. We can clearly identify three events.
The colors help describe:
Gray: Accumulation.
Blue: Pattern breakout.
Green: Bull Market.
1- In 2015, BTC went through an accumulation phase in a symmetrical triangle throughout the entire year. However, after breaking out of this accumulation triangle, the BULL MARKET began, as indicated in green.
2- In 2019, we see a similar situation. There was accumulation within a bullish wedge for almost an entire year. Shortly after breaking out of this accumulation pattern, the unexpected Covid-19 occurred. I describe this event as extraordinary because it was truly out of the ordinary. Nevertheless, BTC entered a BULL MARKET, surpassing all expectations.
3- In 2022, we had another similar example. Accumulation within a bullish wedge for nearly a year. And please note that the breakout of this accumulation pattern has already occurred.
In 2023, up to the present moment (October), BTC has already risen by more than +80%.
Could we have an Extraordinary event like the corona crash? YES, it's possible. It could be triggered by anything, such as war, inflation, or a new pandemic. But the fact remains: In the previous two events we experienced, we witnessed the birth of the Bull Market.
My conclusion is that we are already repeating this pattern for the third time!
I've been saying this since January2023 in the article: "THE PAST AND ITS TRACES" and March 2023, when I posted here the article "Bitcoin - The big wave has already begun". I'll leave the article below in the description.
You may be looking for excuses and favorable global situations to await a Bull Market, but IT HAS ALREADY BEGUN AND HAS ACCUMULATED +80% IN 2023.
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BITCOIN - This indicator has never failed since 2017.Hello Trading View friends!
I bring here a reading about Bitcoin!
The hash ribbons indicator is known for accurately pinpointing BTC buy points. And it has long served as a benchmark for crypto traders.
Since 2017, there have been 7 buy signals on the weekly chart.
All these signals were quite profitable.
Now note the following:
The close of the BTC weekly candlestick generated a new buy signal on Hash Ribbons, the eighth.
This was highly expected by many traders in the crypto market.
Another interesting fact:
This new buy signal in BTC occurs precisely at a time when the asset touches the bottom of an upward channel again.
This is undoubtedly a beautiful momentum for BTC.
Another beautiful sign is that again a wedge appears to be breaking upwards.
The targets would take us to 40k.
Hope this helps.
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