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XRP cool opportunity🚀 Hey traders! Let's dive into an exciting opportunity on XRP. It appears that XRP has been forming a triangle pattern since 2017. This signals potential for a significant breakout!🚀 🎯 Buy-In Levels: 0.5 - 0.6 🎯 Considering the current market dynamics, it might be a strategic move to accumulate XRP within the range of 0.5 to 0.6. These levels offer favorable entry points for traders looking to capitalize on the impending breakout. 💰 Profit Targets: 0.93 - 1.23 - 1.57 - 1.89 - 2.8 💰 Once XRP breaks out of the triangle pattern, we anticipate notable price movements. Set your profit targets at 0.93, 1.23, 1.57, 1.89, and 2.8 to secure gains at various levels. 🛑 Stop Loss: Below 0.13 🛑 As with any trade, risk management is crucial. Place your stop-loss orders below 0.13 to protect your capital in case the market moves against us. Remember, trading involves risks, so always perform your own analysis and use risk management strategies. Stay informed, stay disciplined, and seize the opportunities! Happy Trading! 🚀 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:XRPUSDLong
by RocketBomb
3
The cyclic nature of Bitcoin's price Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating phases of appreciation and depreciation. These fluctuations stem from the perceptions and actions of market participants, involving buying and selling, and are influenced by various factors including market sentiment, regulatory shifts, technological advancements, and broader economic conditions. Historically, Bitcoin has adhered to a four-year cycle closely tied to Bitcoin halving events, occurring roughly every four years. A halving event entails a 50% reduction in the Bitcoin reward miners receive for validating transactions; consequently, the rate of Bitcoin supply growth slows down. This often triggers a significant price surge, assuming the demand for Bitcoin either remains constant or increases post-halving. The upcoming halving is slated for April 2024, where the block reward will decrease to 3.125 bitcoins. The chart below illustrates the cyclic nature of Bitcoin's price and its historical patterns. What Constitutes the Phases of the Bitcoin Market Cycle? Phase 1 – Accumulation This phase emerges when prices are low, yet there are early indications of growth. It's a period where buyers accumulate Bitcoin at lower prices, representing a pinnacle of financial opportunity. Typically, bearish sentiment prevails in the market, resulting in low trading volumes and prices fluctuating within a narrow range, often near the bottom. Phase 2 – Continuation (growth) During this phase, the price continues its ascent towards the all-time high. Historically, a halving event occurs here, coinciding with diminishing exchange reserves as buyers stockpile supply in anticipation of surging prices and new record highs. Phase 3 – Parabolic (bubble) As the price surpasses the previous all-time high, it begins to rise exponentially, leading to a new all-time high that significantly exceeds the previous peak. This phase is marked by extreme volatility, with rapid price spikes followed by substantial corrections. Sell volume increases as some investors lock in profits, while others continue buying, believing the bull market has further potential. Consequently, price volatility diminishes as buying and selling volumes begin to balance, amid a backdrop of overconfidence. Many investors may perceive the Fear & Greed Index as signaling Extreme Greed during this phase. Phase 4 – Correction (crash) Following the euphoria of the Parabolic phase, the market undergoes a major downward correction. Previous bear market periods have witnessed approximately 80% drawdowns from the peak, with negative price movements lasting for roughly a year. For instance, the most recent downturn saw Bitcoin's price plummet from an all-time high of $69,000 (November 2021) to $15,476 (November 2022). What maximum price of Bitcoin do you expect this or next year? I hope You found it interesting. If yes, boost this post 🚀 so others can see it too, and subscribe to stay connected. Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
8
The key to understanding movements🔐Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see it. And that's what we'll do together now.😊 Let's take a look at the weekly Bitcoin chart👀 Every trader can see something of their own. The most striking thing is the ascending trendline under which triangles are depicted. Each triangle is a cycle. In it, I discovered an interesting pattern, that I want to share with You. I have highlighted the pattern on a white background on the left side of the chart.📊 Even before the formation of the triangle, the price forms an accumulation zone (orange 🟠 color), then goes through a distribution phase (red 🔴 color), then there is a 100% growth 🟢, after which the price corrects by 30%, and then comes the final phase - parabolic growth. This is where the bull market ends. Then comes the bear time, and the price forms a descending triangle trend for several years. In addition to what I have depicted on the chart, it is important to consider such factors as: ▪️ Fundamental analysis: Understanding economic, political, and social factors influencing the market helps predict its movement. This may include data on interest rates, inflation, unemployment, geopolitical conflicts, and other events. ▪️ Technical analysis: Analyzing charts and statistical data helps identify patterns and trends in price behavior. This includes using various indicators, chart patterns, and support and resistance levels. ▪️ Market sentiment: Understanding the moods and emotions of traders also plays an important role. Market sentiment can be optimistic, pessimistic, or neutral, and this affects trading decisions. ▪️ Manipulations: Sometimes prices may be subject to manipulations by large players or institutional investors. Understanding their strategies and tactics can help determine possible price directions. Understanding the key factors that determine market movements is an important tool for successful trading. Whether you are a novice or an experienced trader, continuous learning and analysis will help improve your results. And remember, the market is always full of opportunities if you can recognize them. Happy trading! Sincerely yours, Kateryna
BITSTAMP:BTCUSDLong
by RocketBomb
10
🟣 Channel Trading Strategy 🟣 Hello, friends! 👋🏻Today I'll wanna share with You my knowledge about channel trading strategy. ❗️ Channel Trading Strategy ❗️ is a classic form of trading in both crypto and other markets. This is a trend trading strategy , so accuracy and safety are very high. Today, I will present all of you about the Channel pattern and how to trade with it in the most complete and detailed way. ❓ What is a Channel Pattern? ❓ The Channel pattern is a development of price following the trend which consists of two parallel support and resistance levels. Prices will fluctuate and create trends along the corridor created by these two levels. ⚡️This pattern ends when the price breaks out of either the resistance or support and creates a new trend . The breakout direction is often in the opposite direction to the direction of the pattern.👇 Two Common Types of Channel Patterns With two parallel and horizontal resistance and support levels, this is a rectangular price pattern. Channel Up or Ascending Channel This Channel pattern type has two parallel and upward levels of Resistance and Support . The breakout of this pattern will usually be at the support. After the breakout, the price will reverse down. In some cases, the price may retest this support. Channel Down or Descending Channel In contrast to the Channel Up pattern, we have the Channel Down pattern with two parallel and downward levels of resistance and support. After creating this pattern, the price usually breaks out upwards (resistance breakout) and goes up. It is possible for a strong uptrend to appear after this breakout. Trade Effectively with the Channel Pattern There are two types of trading using the Channel pattern: trading within the price channel and trading as per the breakout of the pattern. 💡With this type of trading, You should remember clearly: In a Channel Up, only open UP orders. Conversely, in Channel Down, you can only open DOWN orders. How to Open an Order? 🔺 For a Channel Up: 🔺 Entry Point: When the price hits the support of the price channel. Stop-Loss: At the previous position where the price touched the support. Take-Profit: When the price hits the resistance. If the previous order wins, the stop-loss of the following order will be the entry point of the previous order. 🔻 For a Channel Down: 🔻 Entry Point: When the price hits the resistance. Stop-Loss: At the previous position where the price touched the resistance. Take-Profit: When the price hits the support. Trade After the Breakout The trading strategy is based on the breakout point of the price channel. This is a very good signal of a trend reversal. You open an order as follows. 🔺 For a Channel Up: 🔺 Entry Point: When the candlestick breaks out of the support. Stop-Loss: At the previous position where the price touched the resistance. Take-Profit: When price re-touches the support levels it creates within the pattern. 🔻 For a Channel Down: 🔻 Entry Point: When the candlestick breaks out of the resistance. Stop-Loss: At the previous position where the price touched the support. Take-Profit: When price re-touches the resistance level it creates within the pattern. The article is a bit long. However, I have covered everything I know when trading with price channels. Thank you for reading. Do you have any tips for trading with price channels? Please help me improve myself. Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
BINANCE:BTCUSDEducation
by RocketBomb
1
Explaining Dow Theory - Does it Deliver Results? Dow theory stands out as one of the most revered theories in the history of financial markets. Whether you're engaged in intraday trading, short-term trading, or long-term investment, understanding this theory is bound to help you formulate diverse strategies. Originally crafted by Charles Dow in the late 1800s, Dow Theory, also known as Dow Jones Theory, has stood the test of time. Charles Dow, the founder of the Dow-Jones financial news service WSJ (Wall Street Journal) and Dow Jones and Company, developed this trading strategy. Even after a century, Dow theory remains influential and is considered one of the most sophisticated studies in technical analysis. I trust this will be beneficial to anyone involved in trading or investing in financial markets. What is the essence of Dow Theory? In an article published in the Wall Street Journal on January 31, 1901, Charles H. Dow likened the stock market to the ebb and flow of ocean tides. He stated, "A person observing the rising tide and wishing to determine the precise moment of high tide places a stick in the sand at the points reached by the incoming waves until the stick reaches a position where the waves no longer reach it and eventually recede enough to indicate that the tide has turned." This approach proves effective in monitoring and predicting the rising tide of the stock market. Dow believed that analyzing the current state of the stock market could offer insights into the current state of the economy. Indeed, the stock market can serve as a valuable gauge for understanding the underlying reasons behind upward and downward trends in both the economy and individual stocks. How Does the Dow Theory Operate? The Dow Theory operates based on several principles, which include the following: 1. The Averages Account for Everything: Market prices incorporate all known or unknown factors that may impact supply and demand. It is believed that the market reflects all available information, including information not yet public. This encompasses various events such as natural disasters like droughts, cyclones, floods, or earthquakes. Major geopolitical occurrences, trade conflicts, domestic policies, elections, GDP growth, fluctuations in interest rates, and earnings forecasts or anticipations are all already factored into market prices. While unforeseen events may arise, they typically influence short-term trends while leaving the primary trend intact. 2.The Market Exhibits Three Trends: a)The primary trend: This trend can extend from one year to several years and represents the dominant movement of the market. It is commonly known as either a bull or bear market. The bullish primary uptrend sees higher highs followed by higher lows, while the bearish primary downtrend witnesses lower highs and lows. The challenge lies in predicting when and where these primary trends will conclude. The goal of Dow Theory is to leverage known information rather than making speculative guesses about the unknown. By adhering to Dow Theory guidelines, one can identify and align with the primary trend. b)The intermediate trend or secondary trend: This trend typically lasts from 3 weeks to several months and is characterized by reactionary movements. In a bull market, these movements are viewed as corrections, whereas in a bear market, they are seen as rally attempts. For instance, during a primary uptrend, a stock may retrace from its high to establish a low (known as an intermediate trend or correction). Conversely, in a primary downtrend, a stock might experience a temporary rebound after a prolonged decline (known as bear market rallies). c)The minor trend or daily fluctuations: This trend, lasting from several days to a few hours, is the least reliable and is often disregarded according to Dow Theory. Long-term investors should perceive daily fluctuations as part of the corrective process within intermediate trends or bear market rallies. These fluctuations represent the noise in the market and can be susceptible to manipulation. While daily price action is important, its significance lies in the context of the broader market structure. Analyzing daily price movements over several days or weeks can provide valuable insights when viewed alongside the larger market picture. While individual pieces of the structure may seem insignificant, they are integral to completing the overall picture. 3.Major Trends Comprise Three Phases: Dow focused extensively on major trends, identifying three distinct phases within them: Accumulation, Public participation, and Distribution. These phases occur cyclically and repeat over time. a) Accumulation Phase: This phase occurs when the market is in a bearish trend, characterized by negative sentiments and a lack of hope for an upcoming uptrend. For instance, we witnessed steep declines in mid-cap stocks in the Indian share market, with new lows being made frequently. While many investors anticipate this trend to persist indefinitely, this is actually when significant investors, such as large fund houses and institutional investors, begin gradually accumulating these stocks. This period is known as "smart money" investing for the long term. Despite ongoing selling pressure in the market, buyers are readily found. b) Public Participation Phase: During this phase, the market has already absorbed the negativity, with "smart money" investing. This marks the second stage of a primary bull market and typically sees the most significant rise in prices. At this point, the majority of the public (retail investors) also considers joining in as prices rapidly increase. However, many are left behind due to the speed of the rallies and the upward trend in averages. Traders and investors may experience regret for not participating in the rally. This phase follows improved business conditions and increased stock valuations. c) Distribution Phase: The third stage represents excess, eventually transitioning into the distribution phase. In this final stage, the public (retail investors) becomes fully engaged in the market, captivated by the bull market rally. Some investors who previously felt left out may still seek opportunities to join the rally based on valuations. However, this is when "smart money" begins to sell off shares at every high point. Meanwhile, the public attempts to buy at these levels, absorbing the selling volumes from large investors. In the distribution phase, whenever prices attempt to rise, "smart money" unloads their holdings. This marks the onset of a bear market, where sentiments turn negative, bankruptcy filings increase, and economic growth shifts. During a bear market, frustration levels rise among retail investors as hope dwindles. 4.Confirmation Between Averages is Essential: Dow used to say that unless both Industrial and Rail(transportation) Averages exceed a previous peak, there is no confirmation or continuation of a bull market. Both the averages did not have to move simultaneously, but the quicker one followed another – the stronger the confirmation. To put it differently, observe the image above, as you can see both the averages are in bull market, trending upward from Point A to C. 5.Confirmation of Trends Through Volume: Volume serves as a metric indicating the amount of shares traded within a specific timeframe, aiding in trend and pattern analysis. According to Dow theory, a stock's uptrend should be supported by high volume and exhibit low volume during corrections. While volume data alone may not be comprehensive, integrating it with resistance and support levels can provide a more comprehensive understanding. 6.Trend Persistence Until Clear Reversal Signals: Similar to Newton's first law of motion, which states that an object will remain at rest or in uniform motion unless acted upon by an external force, market trends are expected to persist until a significant external force, such as changes in business conditions, prompts a reversal. Signs of trend reversals become apparent when impending changes in trend direction are observed. 7.Signal Recognition and Trend Identification: A significant challenge in implementing the Dow theory is accurately identifying trend reversals. Adhering to the Dow theory requires not only assessing the overall market direction but also recognizing definitive signals of trend reversals. A key technique employed in identifying trend reversals within the Dow theory is analyzing peaks and troughs, or highs and lows. Peaks represent the highest points in a market movement, while troughs signify the lowest points. According to the Dow theory, markets do not move in a linear fashion but rather oscillate between highs (peaks) and lows (troughs), with overall market movements trending in a particular direction. An upward trend in Dow theory consists of a series of progressively higher peaks and troughs, while a downward trend is characterized by progressively lower peaks and troughs. 8.Market Manipulation: Charles Dow believed that manipulation of the primary trend was improbable, while short-term trading, including intraday movements and secondary movements, could be susceptible to manipulation. Short-term movements, ranging from hours to weeks, may be influenced by factors such as large institutions, speculators, breaking news, or rumors, potentially leading to manipulation. While individual securities may be manipulated, such as artificially driving up prices before reverting to the primary trend, manipulating the entire market is highly unlikely due to its vast size. Why Dow Theory Is Not Foolproof: Dow Theory is not a fail-safe method for outperforming the market, as it is not without its flaws. Critics argue that it lacks the depth and precision of a formal theory. Conclusion: Understanding the Dow Theory enables traders to identify hidden trends that may elude more seasoned investors, empowering them to make informed decisions about their positions. The Dow theory aims to pinpoint the primary trend and capitalize on significant movements. Given the market's susceptibility to emotion and tendency for overreaction, the goal is to focus on identifying and following the prevailing trend.
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Is This the Start of a New Bull Run?Hey traders! Taking a brief hiatus to recharge and gain fresh insights from the market, I stumbled upon a fascinating observation. 🔍 Upon closer examination, I noticed a striking resemblance between Bitcoin's recent price behavior and a small fractal pattern dating back to late February. Overlaying this pattern on the current chart, the resemblance is uncanny! 💡 What does this mean? If this similarity in price movement persists, we could be on the brink of witnessing Bitcoin surging to $71,000 in the near future. 💥 Brace yourselves, because the Bull Run might be closer than we anticipate! Stay tuned for more updates and insights as we navigate the exciting world of trading together. Keep those charts close and your strategies sharper than ever! Happy trading!🫶 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
2
📉 Bitcoin Price Update: Medium-Term Downtrend Continues 📉Hello, fellow traders and investors! 😊Let's dive into the latest analysis of Bitcoin's price movement. As we assess the current market conditions, it's evident that we remain within a medium-term downtrend. Despite recent attempts to break above the main descending trendline, the price has failed to sustain upward momentum. This failure to breach the trendline resistance suggests that further downside movement is likely in the near future.📉 What can we expect next?👀 With anticipated minor pullbacks along the way, it's reasonable to project a descent towards the key psychological level of $60,000. However, the journey doesn't end there. Once we reach this level, it will be crucial to closely observe price action for potential further developments. While my bias leans towards a continuation of the downtrend with a target of $58,000 and potentially lower, it's important to exercise patience and vigilance. Market dynamics can change rapidly, and it's essential to adapt our strategies accordingly.📊 Stay tuned for more updates as we navigate through these market movements together! Don't hesitate to share your insights and observations in the comments below.🩷 Happy trading!🫶 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
Short
by RocketBomb
7
Ripple up to 3$ this year?👀Hello, dear friends! Ripple (XRP) has been forming a massive triangle pattern since 2018, indicating a potential breakout to the upside towards the $2-3 level. This makes holding Ripple in your portfolio particularly relevant. The prolonged consolidation period reflected in Ripple's price chart suggests a significant accumulation of market forces. This triangle pattern typically signifies a period of indecision, with buyers and sellers balancing each other out. However, as the pattern nears its apex, pressure builds, often resulting in a breakout. In Ripple's case, a breakout to the upside is anticipated, given the historical bullish momentum of the cryptocurrency market and the positive sentiment surrounding Ripple's technology and partnerships. 💥To confirm the typical price movement of Ripple, it is worth examining the formations and breakouts from similar triangles in the past. 2017👇 2018 👇 For traders and investors, the breakout from this triangle pattern could present a lucrative opportunity. A decisive move above the upper trendline of the triangle, coupled with strong volume, would confirm the bullish bias. Traders may consider initiating long positions targeting the $2-3 range, while investors could view this as a validation of Ripple's long-term potential and consider increasing their exposure to the cryptocurrency. It's important to monitor key levels and indicators to confirm the breakout and manage risk effectively. Additionally, staying informed about developments in Ripple's ecosystem, regulatory changes, and broader market trends will help navigate the evolving landscape of cryptocurrency investing. Overall, the formation of this triangle pattern on Ripple's chart underscores the importance of technical analysis in identifying potential trading opportunities and optimizing portfolio allocation strategies. Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:XRPUSDLong
by RocketBomb
42
BTC: short term perspectiveHello, dear friends!🩷 Let's quickly review the short-term perspective of Bitcoin. What do we see on the hourly chart?🧐 The price hasn't reached the upper main medium-term resistance line; we're still within the descending trend. The price has formed a small head and shoulders pattern, indicating that the price will likely decline in the short term. Possible levels are: 61,100; if it manages to hold and bounce off this level, it's a good sign. If the price will continue falling, the support level will be 59,800. Take a look at the weekly chart and add the MACD indicator to it.🤫 It will surprise You!😱 What do You see there? Write in the comments! Which charts are You more interested in? Short-term or long-term? Thanks for Your attention🤗 Yours sincerely, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
$ 59 500 soon? Hi! The "Bart" pattern in trading is named after a specific type of price movement on an asset's chart, resembling the contour of Bart Simpson's head from "The Simpsons" cartoon series. Characteristics of the Bart pattern include a sharp price surge (vertical spike), followed by a rapid decline (horizontal consolidation), and finally a return to the initial level (second vertical spike). This pattern is often associated with market manipulation or anomalies, where large players such as traders or crypto exchanges may create the illusion of rapid price movement to induce other traders to enter trades and then exit with a profit. The name "Bart" was coined for this pattern within the trading community due to its resemblance to the head of the character Bart Simpson. Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
What do we have this time?Hello, dear friends! 🩷In your opinion, does the price formation look like it's heading upwards or downwards?🧐 Let's disregard the halving event and the moonshot hype. 🤷🏽‍♀️To be honest, in 2020 everything seemed quite obvious to me: 🟢there was significant accumulation; 🟢all possible indicators were giving bullish signals; 🟢chart patterns were also quite positive; 🟢additionally, there was the halving event. What do we have this time? 🔴The price is moving in a downward trend; 🔴Indicators are bearish; 🔴Chart patterns seem to indicate uncertainty in the medium-term perspective; 🔴The halving event has occurred. I'm so interested in Your opinion. Bitcoin cycles have been stretched in time (each subsequent one has been longer than the previous), so it's quite plausible to expect a price decrease followed by further growth, possibly not very rapid. What do You think? Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
5
Bitcoin on 4h chart💥 Hello, dear friends! I think many of us were cheered up by a little Bitcoin pump. In fact, nothing unusual, it's seen within the framework of a descending trend. It's very important to monitor the price behavior, which may approach 63,000. I see several possible scenarios: 📌Scenario 1: The price will rise to 63,000+ and test the descending trendline, then go back down to the lower part of the wedge. 📌Scenario 2: The price will rise to 63,000+ and test the descending trendline, then start a consolidation process (this will be an excellent signal for growth). 📌Scenario 3: The price will rise to 63,000+ and test the descending trendline, then sharply drop to around 62,000. Which of these scenarios will unfold, there may be other unexpected ones for me, but the MACD indicator has crossed the lines indicating a price decline.🤫 Exciting times ahead!👏🏽 What are Your thoughts? I'm very interested to read Your thoughts, write in the comments!👇 Thanks for Your attention Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 4h chart by RB🚀Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇 Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line) and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish sufficient support at this level, the price decline will continue, and we'll witness 54,500 and a sharp dump to 52,000. If You found my analysis interesting, hit the 🚀 and subscribe, and I'll be delighted to see You in the comments under my posts. Thanks for Your attention🫶 Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
4
BTC $58 000 incoming...$52 is possible🧐Hello, dear friends! 😊The cryptocurrency market continue declining rapidly. Of course, Bitcoin is doing the same.🔻 I've shown You on my chart, what we might expect in the next week or two.👇 In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖 I think we can expect something similar. 🧐The $58,000 level has been looming for a while.🤓 If we hold there, we might be able to bounce off it. It's a strong support level. If we quickly drop below it, then we might see $52,000.💡 ❌Being in a long position right now is very risky.❌ People, who were planning to wait it out should reconsider their strategy. The market is still in a downtrend, as usual before a halving. However, the current downtrend might last a bit longer.🤷🏽‍♀️ 📌But: there are plenty of cool opportunities ahead, so don't despair!🩷 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
12
Is it realistic? Or too pessimistic?👀 Hello, dear friends! I hope You're having a great weekend!🫶 Today it happened! The halving has occurred. The price hasn't reacted yet. And that means that significant movement awaits us ahead! How are You feeling? Will bulls or bears dominate the market? I wanna share with You one of the possible scenarios for price behavior in the near future. What do You say? Is it realistic? Or am I too pessimistic? I want to preempt trolls - that's just one of the possible scenarios! There's no need for negativity in the comments, it's better to skip the post and move on! And for those who agree - press 🚀, let's see how many of us anticipate a price decrease. 😊 Thanks Your attention🩷 Sincerely Yours Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
6
Ethereum vs Bitcoin by Rocket Bomb 🚀Hello, friends! 😊Today we're looking at the Ethereum to Bitcoin chart! As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market. 👀Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.💥 Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! 💡On the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,🚀 which has always happened after the wedges in the history of this pair. The wedges, that I colored in pink 🩷 had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%. Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms! In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown 🟤 for clarity! As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.🤫 🔻In the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.🚀 You can see the levels for the medium-term perspective on the chart.🧐It's better to make purchases on price pullbacks, so keep an eye on that!👀 Thank's for Your attention, I hope the information was useful to You. If yes, click 🚀 and subscribe so You don't get lost!🫶 Always sincerely Yours, Kateryna💙💛
Long
by RocketBomb
6
Quick BTC Update📊Hey, friends! Here's a quick Bitcoin update just for You!😊 What do we see?👀 On the two-hour chart 📊, I've identified a forming descending triangle. The price has tested the main descending trendline several times, but it has failed to break above it. This indicates, that the price is more likely to continue declining, ultimately completing the formation of the pattern. With minor pullbacks, we can expect the price to reach the level of 60,000, and then it's worth observing the subsequent formation. What do you think, friends? Are You feeling bullish or bearish?🧐 Is the rise postponed, or will it sneak up on us? Share Your thoughts in the comments! Thanks for Your attention,🫶 Sincerely Yours, Kateryna💙💛
Short
by RocketBomb
5
How To Trade Triangles Like A Pro?Welcome, traders and investors, to our educational post on ascending and descending triangles! In the fast-paced world of financial markets, understanding chart patterns like these is crucial for making informed trading decisions. Ascending and descending triangles are powerful tools that provide valuable insights into market dynamics and potential price movements. In this post, we will delve into the characteristics of these patterns, explore how to identify them on price charts, and discuss effective trading strategies to capitalize on their implications. Whether you're a novice trader or an experienced investor, mastering these patterns can greatly enhance your ability to navigate the markets with confidence and precision. What Is An Ascending Triangle? An ascending triangle chart pattern is formed during the upward price movement in an uptrend. The price tends to consolidate for a while and allows the trader to draw a horizontal trend line on the upside. Simultaneously, it allows the trader to draw a rising trend line downwards. The pattern implies that the price is consolidating and existing buyers are closing partial positions and the market is expecting new buyers to join and continue the Bullish trend. As a result, the price consolidates on the upper trend line and is unable to move higher and make new higher highs. However, the price does not make lower lows either, instead makes higher lows. So technical analysts look for trading opportunities and enter the market once the pattern is spotted on a price chart. How To Identify The Ascending Triangle? The ascending triangle pattern is similar to the other triangle patterns, but the location and shape of the triangle formation is very important. The shape of the ascending triangle should strictly contain the upper horizontal trend line and the lower rising trend line, failing this will invalidate the pattern. The pattern must be located within the uptrend, so it can be validated as a trend continuation pattern. The ascending triangle can be spotted easily by its shape. The horizontal upper trend line and the rising lower trend line make it easy to spot the triangle. An ascending triangle forms during a bullish uptrend as the pattern is a continuation pattern. However, the pattern may form in any part of the chart and trend. The ascending triangle pattern formed during a uptrend is significant and produces the best trading results. So traders should look for the pattern while prices are in an uptrend and identify it using the triangle shape. Features That Help To Identify The Ascending Triangle: ▪️ There should be an existing uptrend in the price. ▪️ The upper trend line should be horizontal. ▪️ The lower trend line must be a rising trend line. ▪️ The trend lines should be touched at least twice. The greater number of times the trend line is touched, the stronger it gets. How To Trade The Ascending Triangle? As mentioned earlier, the pattern not only provides the best entry point but provides the stop loss and takes profit too. Moreover, these points can be clearly defined and understood by the trader. Entry point: During the market consolidation phase, the upper trend line acts as a resistance and the lower trend line acts as a support. As the market consolidation ends and the price starts to get momentum, it breaks the upper trend line. The best entry point is the breakout of the upper trend line or the resistance. Price breakouts are normally associated with spikes in the trading volume. The increased trading volume implies the entry of fresh buying orders. Traders should look for trading volume levels during the breakout and confirm the breakout before entering the market with a BUY position. The next confirmation is the classic price action which shows that the resistance has changed into support. Normally, price once breaks the upper trend line tries to move lower but will have ample support from the upper trend line which now starts to act support. This price action confirms the buying interest and gives the trader with additional confirmation and confidence. Stop Loss: The best stop loss method is to exit the trade if the price breaks the support or the lower rising trend line. The breakout of the lower trend line implies the non-availability of the upside momentum and indicates the possibility of the return of the bears. (In the cryptocurrency market, there are often fake breakouts, and that's also worth considering!) Take Profit: The projected take profit target is the farthest distance between the upper and lower trend lines. At the beginning of the pattern, the upper and lower trend line will be wider from each other. This distance can be measured and can be projected from the entry point to the upside. As per the pattern, this is the best take profit target. What Is An Descending Triangle? A descending triangle appears during a downtrend. The price tends to move lower and then finds a consolidation area, this consolidation area is the potential price level at which the market allows the trader to draw a horizontal trend line, due to the failure to make lower lows. On the other hand, the price tries to move higher and fails to make any higher highs. Oppositely, the failure to make higher lows results in lower lows so the price action allows the technical trader to draw a descending trend line on the upside. The combination of the upper and the lower trend line forms the shape of the descending triangle. Traders look for trading opportunities once the price consolidation ends. Price breakout from the descending triangle pattern indicates the beginning of the trend resumption. So traders enter the market in the direction of the previous trend direction. How To Identify The Descending Triangle Pattern? The following are the features that help to identify the descending triangles chart pattern. ▪️ There should be an existing downtrend in the price. To validate the pattern, it should form during an existing downtrend. The pattern that forms during an uptrend should be invalidated and not taken into account. As the trend is a BEARISH continuation pattern the formation during the downtrend is essential. ▪️ A lower trend line should be horizontal. The price should fail to make lower lows and usually bounce from the low, as a result, the lower trend line should be as horizontal as possible. The upper trend line must be a descending trend line. The price action on the upper side is very crucial for this pattern. The failure of the price to make higher highs and instead of making lower highs shows the failure of the price to reverse the trend direction. ▪️ The trend lines should be at least touched twice, the greater number of times the trend line is touched it gets stronger. Trend lines must be validated independently, as a general rule of the trend line the price should touch the trend line at least twice. However, the more times a trend line is touched it gets stronger. The upper and lower trend lines converge each other and look to join at the end, thereby forming the shape of a descending triangle. Traders can spot the pattern easily due to the shape of the trend lines, as the chart will make it easier to spot a consolidation area during a downtrend. How To Trade The Descending Triangle Like A Pro? As discussed earlier the pattern is a completely trade-able pattern, meaning it provides the trader with the best entry point and stops loss, and takes profit points. It must be mentioned that all of the parameters can be measured and identified easily. Entry Point: During the market consolidation phase, the price action makes the price bounce from the lower trend line and prevents the price to move higher than the upper falling trend line. The resultant shape of the descending triangle will be broken the consolidation phase ends as traders enter a fresh buying phase. The price breaks the lower trend line and continues to move lower, which is the prevailing downtrend. Traders should confirm the entry point using additional confirmation using the trading volumes. Any breakout of trend lines or triangles is generally associated with increased trading volumes. The increased trading volumes provide the necessary momentum for the price movement. So traders should look for increased volumes, however, if the descending triangle breakout does not show any increase in volume traders should refrain from trading as it may be due to a false breakout. The next type of confirmation is by applying the support and resistance or trend line trading rules. The lower horizontal trend line effectively acted as a support during the market consolidation phase, while the upper trend line acted as a resistance. So once the price breaks the support, it becomes resistance. There may be few instances when the price broke the support line and fails to continue or displays a false breakout. Stop Loss: The stop loss is the upper falling trend line because, if the price makes higher highs it shows the market intent to move higher or reverse the trend. So the best method is to exit the position if the price breaks the falling upper trend line or resistance. Take Profit: The pattern allows identifying the take profit by measuring the longest distance between the trend lines. Normally during the beginning of the descending triangle pattern is the longest distance, this shall be measured. This measurement from the entry point will provide the potential take profit position. Understanding ascending and descending triangles is essential for any trader navigating the financial markets. These chart patterns offer valuable insights into potential price movements, providing traders with opportunities to enter and exit positions strategically. Ascending triangles typically indicate bullish continuation patterns, suggesting that an uptrend may persist after consolidation. On the other hand, descending triangles often signal bearish continuation patterns, indicating potential downtrends following consolidation. By recognizing these patterns and applying appropriate trading strategies, traders can enhance their decision-making process and improve their overall trading performance. Remember to combine pattern analysis with other technical indicators and risk management principles for optimal results in the dynamic world of trading. Happy trading!🩷 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
Editors' picks
BINANCE:BTCUSDEducation
by RocketBomb
27
Conquer Trading Challenges: Pro Tips for Understanding Hello, friends! Today I'm sharing with You some trading tips, that will help You to understand some of the complex aspects of trading. Tip 1: Trading more or longer is not the best method. Sometimes doing nothing is the best thing You can do. "Many people get so tangled up in markets that they lose perspective. Working longer doesn't necessarily mean working smarter. Sometimes it's just the opposite." - Martin Schwartz Most jobs are created with a time attachment. Spend X hours, and we'll pay You Y amount. This link between time spent and reward is so commonplace that we take it for granted in everything we do. Unfortunately, this doesn't apply to traders who want to maximize profits from their trading edge. Why? As Martin Schwartz noted, we need to work smarter, not longer. The key argument is that the market is beyond our control. Sure, we can spend more time trading, but if the conditions aren't optimal, it will do more harm than good. "The urge to keep on doing something, regardless of the basic conditions, is responsible for many losses on Wall Street even among professionals who feel they must bring home a little money every day, as if they were working for a regular wage." - Jesse Livermore As Jesse Livermore said, we need to abandon the idea of a "regular paycheck" and respect the basic conditions of the market. Think about it. If the market doesn't offer You a trading edge, then the best thing You can do is stop trading. "If most traders would learn to sit on their hands 50% of the time, they would make a lot more money." - Bill Lipschutz Bill Lipschutz's opinion underscores the fact that most traders trade much more than they should. Tip 2: A trader doesn't need to be a genius. Smart people achieve success. That's what most of us think. But for successful trading, intelligence is of secondary importance. Peter Lynch has a more specific opinion on how academically competent traders should be. "All the math You need in the stock market You get in the fourth grade." - Peter Lynch So, if intelligence isn't the key factor in successful trading, then what is? "The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." - Victor Sperandeo If You had enough trading experience, You'd be dealing with issues like overtrading, strings of losses, and revenge trading. So agree with Victor Sperandeo. Occasionally, we can benefit from such a reminder. If You're a beginner in trading, perhaps I haven't convinced You of the importance of the emotional side of trading. But keep this idea in mind, and hopefully, it will shorten Your search for the Holy Grail. Tip 3: The harder You try to make money, the harder it is to achieve. "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder Focusing on making the best trades means focusing on the process. When You focus on the process, You'll find ways to improve it. When You focus on the results, You'll be distracted and jump around without a consistent approach. Therefore, let money be a by-product of a reliable trading process. Bill Lipschutz put it aptly: "If you're motivated by money, you're making a mistake. The truly successful trader has to be involved and into the trading process; money is the by-product... The primary motivation has to be the playing itself." - Bill Lipschutz In other words, anyone facing financial difficulties shouldn't be trading. If You feel You must make money, it diminishes Your trading productivity. These advice explain why trading isn't the easiest way to make money for most people. But let's suppose Your primary goal isn't about making money; instead, it's about extracting lessons from this process. In that case, You'll find pleasure in the challenges trading throws at You because they'll force You to question your assumptions and confront Your emotional shortcomings. If You achieve success, beyond financial rewards, You'll gain valuable life lessons. However, since these ideas and advice aren't intuitively understandable, it's practically impossible to heed them from the outset. Fully internalizing them requires a certain trading experience, one that includes disappointments and regrets. Nevertheless, by analyzing and reflecting on them, we can shorten our path to becoming mature and consistent traders. Subscribe to stay updated! Thanks for Your attention:) Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
6
BTC: Everything points to $ 58,000🔻Hello, dear friends! 😊I've been closely watching the Bitcoin chart and trying to find the answer to the question: what awaits us next? 🧐 I intentionally replaced the usual Japanese candlesticks with lines on the chart for clarity, so that no noise would interfere with us seeing what I want to show you. And that's t he triple top pattern .📊 I know many of you wouldn't want to see further decline in Bitcoin, as it will take more time for the price to recover, but still - the importance of technical analysis patterns cannot be underestimated.🤷🏽‍♀️ A Triple Top is a chart pattern that consists of three equal highs followed by a break below support. The chart pattern is categorized as a bearish reversal pattern . ⚪️ All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish resistance. ⚪️ The highs do not all have to exactly the same level but should be “close enough”. ⚪️ The Triple Top pattern is similar in appearance to the Head and Shoulders pattern, in that it is represented by a series of three high highs and lows. ⚪️ The difference is that all three highs of the Triple Top will be around the same height, while in the Head and Shoulders pattern, the second high is higher than the first and third high. ⚪️ The appearance of the Triple Top indicates the existence of an uptrend, which is currently in the process of reversing into a downtrend. Buying pressure is declining so the uptrend is running out of steam. ⚪️ While the Triple Top is developing, it can look like other chart patterns. For example, before the third high forms, the pattern may look like a Double Top.Three equal highs can also be found in an Ascending Triangle or Rectangle. ⚪️ With a Triple Top, the support level can be identified by drawing a line at the base level of the lows, which forms a “Neckline“. Preceding trend intensity is also important. A Triple Top emerging after a steep uptrend might be expected to result in a steeper decline. It can be concluded that there's a high probability of seeing the price at the level of $58,000 soon. 🔻Whether the price will go even lower is hard to say at the moment. Let's keep watching.👀 Thanks for Your attention🫶 Always Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
10
Quick BTC update💥Hello, dear friends!😊 As promised, I'm updating the Bitcoin chart for the short-term perspective🤫 After breaking the triangle downwards🔻, the price dropped below the $62,000 mark. We see, that further on, the price tested the lower trendline of the triangle (rising to over $66,000), and now there is a high probability that the price will again drop to the levels around $63,000 (possibly slightly lower) to retest the support line, which was formed. I've also highlighted it on the chart for clarity!📊 🧐What will happen next? It's very interesting, and I'll continue to monitor closely and try to update the charts promptly for You.🩷 Stay tuned, Your Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
10
Halving History Repeats? 👀🚀 Attention Crypto Traders! 🚀 Did you know that history might be repeating itself in the lead-up to Bitcoin's halving event? 📉 Last year, just one day before the halving, Bitcoin's price plummeted by a staggering 19%! And guess what? This year, we're seeing similar corrections as we approach the halving once again. 📉 It's a pattern worth paying attention to! In the past few days, Bitcoin's price has been experiencing some turbulence, possibly foreshadowing what's to come. 📉📈 In the midst of this uncertainty, analysts are closely eyeing the charts, with some predicting that we could see a potential drop to the $58,000 mark before the halving kicks in. 📉💰 But hey, don't panic just yet! 🚨 Remember, volatility is par for the course in the world of crypto. And while corrections may be unnerving, they also present potential buying opportunities for savvy investors. 📈💸 So keep a close watch on the markets, stay informed, and make strategic decisions that align with your investment goals. 💡💰 What are your thoughts on the current market situation? Are you prepared for potential price fluctuations leading up to the halving? Share your insights in the comments below! 👇💬 And don't forget to hit the like button and share this post to spread the word! Let's navigate these market waves together! 🌊🚀 Thanks for Your attention,🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
45
Bitcoin's Steep Decline: Is $58K Inevitable?🫨 Hello, friends! 👋🏻Today, let's dive into the world of Bitcoin trading and explore some key insights from the daily chart. ⚡️ Today, let's take a look at the daily Bitcoin chart, where I've highlighted the time frame from the decline in 2021 to our current days in 2024 with a white ⚪️ bowl-shaped area. Starting from November 2022 until the beginning of 2023, the price was in the accumulation zone (highlighted in green 🟢 on the chart), after which we finally bid farewell to the downtrend, and the bears gave way to the bulls.💪 💡I've also added the Moving Average indicator, which is one of the simplest for novice traders and one of the most widely used indicators for trend and momentum determination: it's suitable for traders working in any style and on any time frame. And what can we see?🧐 That each correction starting from the beginning of the uptrend touches this moving average line! 💥 It can cautiously be assumed that this time will be no different: the price may drop to levels of $62,000 - $60,000 - $58,000. You can see a strong support level on the chart: the price shouldn't fall below it, as we are still in a bullish trend.📈 I've highlighted the direction of price movement with orange 🟠 circles. By the way, the correction occurred immediately after the price broke the previous highs, as it has happened many times before, and this time was no exception!🤷🏽‍♀️ I wonder, what do you think, will the price drop to $58,000? or will the correction not be so deep? Write in the comments, let's make some noise!💥 Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
5