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Bitcoin 4th Halving : Get Prepared!Hello Team, Looking at past historic Bitcoin halving events you can see a historic rise in price followed. During previous halving events, the price of Bitcoin significantly declined after the previous run-up and is consolidating & stabilizing allowing good entry points. This is occurring again before the 4th halving. If history repeats after the 4th halving during the estimated March 2024 date we can see another historic rise in the Bitcoin price. Always remember, "This time is different" When Bitcoin was 20K people said, "I wish I bought at 3K!" When Bitcoin was 70K people said, "I wish I bought at 10K!" Now Bitcoin is ~16-25K will people wish they bought here? Time will tell, and history repeats. Invest wisely.
COINBASE:BTCUSDLong
by GenesisGo
1
BEING PREPARED & PATIENT YIELDS RESULTS*DISCLAIMER: NOT FINANCIAL ADVISE BUT WHAT WORKS FOR ME* This post is to highlight though we are in a bearish market there are still good opportunities to make great gains if you're prepared and patient. I rarely make intra-day trades when gains are far greater if you can weed out the chop and stay focused on the bigger picture. I.E. in the last 30 days I've been able to achive 40% gains in my active trading portfolio *(excluding hodl, savings, other investment accounts)* using leverage and hodl'n positions 5-15 days. We've seen a 33%ish drop in $BTC price and I was able to capitalize on 21%, I consider the other 9-13% to be educational tax, with a win loss rate of 20:1 (I consider this very fortunate and the trend mainly moved short). *Variety is absolute key, don't put all your eggs in one basket but also don't spread yourself too thin.* This has been achieved through the following steps: Trading plans for both scenarios before entering a position Trading Logs, Record EVERYTHING. The data will uncover trends in your own trading. Trade Management Trading with the trend Many many more but these are the big guys ... A very interesting positions here, we've broke downward of a major trend line (in red) and the neck of the head and shoulders developed by 9k-14k prices on the daily and weekly charts. Looking at the 4hr we've also built a quick inverse head and shoulders just under the red trend line. Lots of contradicting signals here today so I've devised both bullish and bearish scenarios. I suspect the 9MA/18MA on the daily moving into current price action could be the time-frame triggers BULLISH SIGNALS: Bullish divergence on the daily RSI, Price action bottoming out on it's bearish channel, and the 4hr inverse head and shoulders could be a small signal. ENTRY TRIGGERS: Price breaking LONG and a daily close ABOVE 7500 FIRST TROUBLE AREA: 8000 TARGET: 8500 13% MOVE STOP-LOSS: 7300ish PRICE ACTION DEPENDENT BEARISH SIGNALS: Possible weekly close under major trend (In RED) which is now also .618 FIB off the 20K ATH, Major trend being bearish ENTRY TRIGGERS: Price breaking SHORT and a daily close BELOW 6800 FIRST TROUBLE AREA: 6500 TARGET: 6100 and BELOW 12+% MOVE STOP-LOSS: 7000ish PRICE ACTION DEPENDENT At the end of the day I remain long term bearish with the trend, just too risky atm to confirm a bearish move is to follow.
BITFINEX:BTCUSDShort
by SHITSHILLER