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🔥 Arbitrum's Short Looks Great: Patience For Reversal!At the start of the month I was looking for a short entry on ARB, which has been playing out great thus far. However, with ARB losing value rapidly, I'm starting to look for long opportunities. ARB is trading in a very well-defined bearish channel (or wedge). My strategy is to wait for the price to touch the bottom support. Ideally, the daily RSI will be below 30 to increase the reversal probability. Until then, the short stays active. Patience is key.
Short
by FieryTrading
3
🔥 Bitcoin Secret Trading Pattern Revealed! Long Term Growth 🚨 In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI. As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern. Long-term investors and whales are using this pattern to time their entries and exits of the market. Remember, the best strategies are often the simplest ones. Buy BTC once the monthly RSI has hit the bottom green support, sell once the monthly RSI has hit the top red resistance. If you followed this strategy over the last years, you would've bought around 3k, sold around 60k and bought back in around 17k! Do you consider this a useful pattern? If you have interesting long-term strategies, share them in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
32
📐Solana's Giant Accumulation - BullishThe Triumph of the Triangle: Triangles are classic chart patterns often characterized by converging trendlines. Solana is currently shaping an immense triangle formation on its chart. A Bullish Perspective: Triangles are typically continuation patterns, meaning they suggest the resumption of an existing trend, which, in this case, is bullish. The pattern demonstrates a balance between buyers and sellers, with neither side dominating. Anticipating the Breakout: While triangles show price consolidation, they are also known for explosive breakouts. Traders are closely watching Solana for a breakout, which could lead to a substantial price move. The Fakeout Game Plan: Some traders anticipate a potential fakeout, where the price briefly moves beyond the triangle's boundary before reversing. This deceptive move can trap unsuspecting traders before the actual breakout occurs. Trading Strategy: Navigating Solana's Triangle Traders should exercise patience and caution when awaiting the breakout. Consider implementing risk management strategies to protect against unexpected price swings. Conclusion: Solana's Chart Saga Solana's chart pattern is akin to a suspenseful story, with traders eagerly awaiting its climax. While triangles can be bullish indicators, it's essential to remember that trading involves risk. As Solana carves out its path within this massive triangle, we watch with anticipation. Whether it's a fakeout or a direct breakout, this crypto's journey is far from over. Stay informed, adapt to market dynamics, and may your trades be ever in your favor! The crypto world is filled with patterns and puzzles, and Solana's triangle is just one of the many tales unfolding. 📊🚀🌐 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments! 💚🚀💚
Long
by Yaroslav_Krasko
Déjà Vu of 2021's Bearish Shift? 📉📉📉The Eerie Resemblance: If you've been in the crypto game for a while, you might be experiencing déjà vu. In 2021, Bitcoin was riding high before it underwent a profound transformation from a bullish to a bearish trend. What followed was a period of intense volatility and uncertainty. 🐻 The Bearish Divergence: One of the key signals of concern is the emergence of a notable bearish divergence. This phenomenon occurs when an asset's price makes higher highs while an oscillator, like the Relative Strength Index (RSI), forms lower highs. It suggests weakening buying momentum and is often a precursor to a trend reversal. 📊 What Lies Ahead: While history doesn't always repeat itself, it can offer valuable lessons. The current market sentiment, combined with the bearish divergence, is a reminder of the importance of caution in crypto investing. 🚦 Trading Strategy: Risk Management: Protect your capital by setting stop-loss orders and defining clear risk tolerance levels. Diversification: Consider diversifying your portfolio to spread risk across different assets. Stay Informed: Keep a close watch on market news and developments that could influence Bitcoin's price. Conclusion: The crypto market is inherently volatile, and it can shift rapidly. While the current situation may appear similar to 2021, it's essential to approach it with an open mind and a well-thought-out strategy. Remember, trading and investing in cryptocurrencies carry risks, but they also offer opportunities. Stay vigilant, stay informed, and adapt to the evolving market conditions. 🌟 The future remains uncertain, but it's our ability to navigate the unknown that sets us apart as crypto enthusiasts. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
1
GM TA - General Motors going downhey guys whats up its amir So General Motors, what exactly do we have here: - Beautiful bearish flag just got broke down - I want you to notice to the RMACD we had last week a bull trigger and got rejected and now were closing a bearish trigger, and exactly the same happened in the drop last time (vertical lines) its a sign that the bears are stronger than the bulls. - Watch at the volume indicator, for about two years you can see clearly who have control on the stock look at all the red bars, clearly the bears are in charge here. - Good risk reward ratio 1:3 its fine. defintely work for me. *not financial advisor*
NYSE:GMShort
by amirhemo
📈 Litecoin's Ascending Channel: A Sign of Strength 📈Litecoin, often referred to as "digital silver," has been quietly making waves in the cryptocurrency market. A compelling technical pattern has emerged, signaling the coin's strength and potential for a sustained bullish trend. Let's explore the concept of an ascending channel and what it suggests for Litecoin. The Ascending Channel: A Bullish Structure An ascending channel is a technical pattern characterized by a series of higher highs and higher lows. It represents an upward trending channel where buyers consistently enter at higher price levels. Litecoin's Strong Position: Riding the Channel Litecoin's price action has been remarkably consistent within this ascending channel. The channel's boundaries serve as support and resistance levels, providing clear trading signals. The Significance: Strength and Potential The presence of an ascending channel is often seen as a sign of strength. It reflects a consistent balance between buyers and sellers favoring upward momentum. Trading Strategy: Navigating Litecoin's Channel For traders, an ascending channel provides valuable reference points. Consider long positions near the channel's lower boundary and take profits as the price approaches the upper boundary. Conclusion: Litecoin's Ascending Channel Litecoin's ability to maintain this ascending channel is a promising sign for its future performance. However, always remember that the cryptocurrency market can be volatile. Stay informed, adapt your strategy, and manage risk wisely. As Litecoin continues to ride this bullish structure, it demonstrates the resilience and potential for growth within the crypto space. 🚀📈🌟 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! 💚🚀💚
BITFINEX:LTCUSDLong
by Yaroslav_Krasko
🔥 PEPE Falling Wedge Break Out Soon? Crazy Potential!PEPE has been losing a lot of value after the initial listing on Binance. However, there might be some good news for the bulls in the near future. Seeing that falling wedges are bullish reversal patterns, a break out from this pattern might be the signal where bulls are waiting for in order to step back into PEPE. With a bullish/neutral BTC, this token can fly high. The trade on the chart has a R/R ratio of 26, making it a great short-term trade with a high potential pay-off.
Long
by FieryTrading
16