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🌟 DeFi vs. CeFi: Unraveling the Financial Revolution 🌟The financial landscape is undergoing a seismic shift, and at the heart of this transformation lies a heated battle between two contrasting ideologies: Decentralized Finance (DeFi) and Centralized Finance (CeFi). 🚀 In this post, we're diving deep into the world of DeFi and CeFi, unravelling their key differences, advantages, and implications for the future of finance. Buckle up as we navigate through the decentralized wilderness and the fortified citadels of traditional finance. Decentralized Finance (DeFi) and Centralized Finance (CeFi) represent two distinct paradigms within the world of finance, each with its unique characteristics and features. Here are the key differences between DeFi and CeFi: 🕵🏻‍♂️ Control and Intermediaries: DeFi: DeFi operates on decentralized networks, typically blockchain platforms like Ethereum. It eliminates the need for traditional intermediaries such as banks and financial institutions. Users have full control over their funds and transactions without relying on a centralized authority. CeFi: CeFi, on the other hand, relies on centralized intermediaries like banks, brokerage firms, and financial institutions. These entities facilitate and oversee financial transactions, acting as custodians of users' assets. 👨🏻‍💻 Access and Inclusivity: DeFi : DeFi is accessible to anyone with an internet connection and a cryptocurrency wallet. It promotes financial inclusion by allowing individuals worldwide to access financial services, regardless of their location or background. CeFi: CeFi services are often subject to geographic restrictions and require users to meet certain criteria, such as identity verification and residency, which can limit accessibility. 🧑🏻‍🔬 Transparency: DeFi: DeFi transactions and smart contracts are recorded on public blockchains, providing a high level of transparency. Users can independently verify transactions and contracts. CeFi: CeFi transactions typically occur within closed systems, making it harder for users to scrutinize or validate the underlying processes. 🙅🏼‍♂️ Censorship Resistance: DeFi: DeFi platforms are resistant to censorship since they operate on decentralized networks. Transactions cannot be easily blocked or censored by governments or third parties. CeFi: CeFi platforms may be subject to government regulations and can comply with requests for transaction censorship or freezing of assets. 👮🏼‍♂️ Risk and Security: DeFi: While DeFi offers increased control, it also comes with risks related to smart contract vulnerabilities, hacks, and scams. Users are responsible for their security measures, such as managing private keys and selecting trustworthy DeFi platforms. CeFi: CeFi platforms often have established security measures, including insurance, regulatory compliance, and fraud prevention. However, users may still face risks associated with centralized data breaches and third-party vulnerabilities. 💼 Financial Services: DeFi: DeFi provides a wide range of financial services, including lending, borrowing, trading, yield farming, decentralized exchanges, and more. Users can access these services directly from their wallets. CeFi: CeFi offers traditional financial services, such as savings accounts, loans, investment products, and trading services. These services are managed by centralized institutions. 🧐 Regulatory Oversight: DeFi: DeFi operates in a largely unregulated space, which can offer innovation but also risks. It may face increased regulatory scrutiny in the future. CeFi: CeFi entities are subject to financial regulations and oversight by governmental authorities, which can provide legal protections but also limit flexibility. In summary, DeFi and CeFi represent contrasting approaches to finance, with DeFi emphasizing decentralization, accessibility, and transparency, while CeFi relies on central authorities and established financial institutions. Each has its advantages and disadvantages, and the choice between them depends on individual preferences and risk tolerance. As we conclude our journey through the realms of DeFi and CeFi, one thing is clear: the financial world is evolving, and the choice between these two paradigms isn't just about technology—it's about how we envision the future of finance. Whether you opt for the autonomy and transparency of DeFi or the stability and familiarity of CeFi, always remember that the power to shape your financial destiny is in your hands. Stay tuned for more insights, trends, and analyses here at TradingView, your compass in the ever-changing world of finance. PS Remember, your likes are my inspiration! 💖 Don't hesitate to tap 🚀 if you find my content valuable. Together, we are shaping an incredible financial future. Let's grow and thrive together! Your Kateryna
BITSTAMP:BTCUSDEducation
by RocketBomb
2
Bitcoin on 4h chartHello! Welcome to my page!🫶 Bitcoin is a word, that resonates throughout the cryptocurrency world and beyond. It brings with it magic and endless opportunities for traders and investors. Bitcoin is famous for its volatility, which opens up innovative possibilities for traders. In a single day, its value can rise or fall by thousands of dollars, creating ideal conditions for successful trades. If you're here, you're probably interested in Bitcoin analysis, so I'm happy to share my thoughts with you! On the chart, I've marked areas of interest in blue. Why? Because their movement indicates the beginning of accumulation (the lower circle) and the start of distribution (the upper circle)! The price formation is very similar, so by flipping part of the formed price in the accumulation zone, we can assume that the price will form identically (only in reverse) in the distribution zone. If the assumption is correct, we may see a price level of $28,000 - $28,500 in the near future! After that, I expect a price decrease, but it's essential to carefully analyze further price formation! Get ready for an exciting journey into the world of Bitcoin. This cryptocurrency is constantly changing, so study, analyze, and trade wisely. Risks and opportunities are open to you. May your trades always be profitable! 💰🚀 Don't forget always to be cautious and invest only what you can afford to lose. Bitcoin is intriguing and attractive, but the risks are significant too. Best of luck on your path to successful trading! 🌟 What do you think the price will do next? Share your thoughts! I'm looking forward to your comments! Sincerely, Your Kateryna
BITSTAMP:BTCUSD
by RocketBomb
16
Trading Opportunity: ETC/USDT😱 Ethereum Classic is a blockchain platform that provides decentralized smart contracts. It emerged as a result of a contentious hard fork from Ethereum (ETH) in 2016. ETC aims to preserve the principles of blockchain immutability and decentralization. 🟢Green Entry Zone: 14.72 - 16.60 🚀 Targets: Target 1: 17.99 Target 2: 19.50 Target 3: 21.35 Target 4: 23.25 🔴 Stop Loss: 11.22 📢 Trade Alert: Ethereum Classic (ETC) has caught our attention! With its unique blockchain philosophy, ETC offers a compelling trading opportunity. 🔍 Before you proceed, remember to exercise caution and conduct thorough research. Cryptocurrency markets can be highly volatile, so managing risk is crucial. Good luck with your trading! Your Kateryna💙💛
Long
by RocketBomb
3
Bitcoin Price Analysis As we delve into the analysis of Bitcoin's price, it's essential to consider the key elements that influence its trajectory. From the recent price movements, it becomes evident that Bitcoin has been following a distinct pattern. Initially, we observed a consistent upward movement, aligning with a long-term ascending trendline. However, this momentum was momentarily halted as Bitcoin encountered a formidable resistance level, leading to a brief pause. Subsequently, the cryptocurrency resumed its ascent, targeting the long-term descending trendline. This marked the beginning of a multi-month correction phase. Remarkably, the conclusion of this correction phase witnessed a sudden and sharp breakthrough of the long-term descending trendline. While this breakthrough appeared promising, it's essential to remain cautious as it may potentially be a false signal. Moreover, during this journey, Bitcoin managed to surpass a strong resistance line, which has now transformed into a formidable support line. Currently, Bitcoin is poised to confront another significant resistance level. The outcome of this encounter may dictate the cryptocurrency's future path, including the possibility of reuniting with the long-term ascending trendline. Stay tuned for further updates on Bitcoin's price dynamics as we continue to monitor this ever-evolving market. Thank you for your attention, sincerely yours, Kateryna♥️
BINANCE:BTCUSD
by RocketBomb
15
Understanding Bitcoin Price MovementUnderstanding Bitcoin Price Movement through Wyckoff's Theory Richard Wyckoff, a legendary figure in the world of trading, left us with invaluable insights into price action and market behavior. His principles, outlined in "Charting the Stock Market," lay the foundation for understanding how markets move. Let's delve into two pivotal rules from Wyckoff's playbook: Rule 1: The Market's Unique Behavior Wyckoff's first rule reminds us that the market is a dynamic entity. It never repeats the same price action exactly as in the past. Each moment in the market is distinct, shaped by a multitude of factors. Recognizing this uniqueness is essential. Rule 2: Comparative Analysis The second rule dovetails with the first. It emphasizes that the true analytical value lies in comparing current price action with historical behavior. By drawing parallels and contrasts, we can extract meaningful insights into market trends. These two rules serve as the cornerstone for comprehending the Wyckoff Market Cycle theory, which remains influential in modern trading practices. Wyckoff Market Cycle Theory Wyckoff introduced a groundbreaking theory based on price action, defining four distinct stages within a price cycle: 1. Accumulation Phase In this initial stage, institutional demand rises, and bulls begin to assert control. However, price action remains relatively flat, resembling a range-bound structure. Identifying higher lows within this range signals the Accumulation phase, hinting at an impending bullish move. 2. Markup Phase The second stage, Markup, sees bulls gaining enough momentum to breach the upper boundary of the range. This breakthrough signifies the emergence of a bullish trend. 3. Distribution Phase Distribution is the third stage, characterized by bears attempting to regain control. Much like the Accumulation phase, price action remains flat, but with a different twist. The sustained failure to establish higher bottoms hints at a looming selloff, depicted by lower tops. 4. Markdown Phase The final stage, Markdown, marks the onset of a downtrend following the Distribution phase. It signifies that bears have gained the upper hand, driving prices lower. Confirmation of the Markdown occurs when price action breaks below the lower boundary of the horizontal distribution channel on the chart. The beauty of Wyckoff's theory is its cyclical nature. After the Markdown phase, the entire process restarts with Accumulation, offering traders a framework to navigate the complexities of Bitcoin price movement. Understanding these principles allows us to discern patterns in Bitcoin's price action and make more informed trading decisions. By embracing the wisdom of Richard Wyckoff, we can navigate the ever-evolving landscape of cryptocurrency trading. 🫶 Thanks for Your attention, sincerely yours, Kateryna. Wishing You successful trades and unforgettable adventures in the world of cryptocurrencies and the financial market!
BINANCE:BTCUSD
by RocketBomb
7
Bitcoin in Diamond (Rhombus) Pattern Hello friends! ♥️ Today we'll talk about one of the rarest patterns! You probably already guessed what I mean😉 The Diamond pattern in trading is a reversal pattern, and it's relatively rare. Let's explore how to identify it on a chart and use it in trading. The Diamond pattern, also known as the Rhombus, is a technical analysis pattern consisting of two triangles. Its appearance on a chart indicates a potential reversal, especially if it's spotted at the top of an uptrend or at the end of a downtrend. Trading the Diamond Pattern: Identification of the Diamond Pattern: Firstly, you need to learn how to recognize the Diamond pattern on a chart. This involves identifying two triangles, one typically vertical (representing a volatility squeeze) and the other horizontal (indicating a period of consolidation). Determine the Trend Direction: Before making a trading decision, it's important to determine the current trend direction. If the Diamond pattern forms after a prolonged uptrend, it may signal a potential reversal to the downside, and vice versa. Wait for Confirmation: The Diamond pattern alone can be a false signal. Traders often wait for confirmation, which can come in the form of a breakout by price from one of the Diamond's sides. If the price closes above the top of the Diamond for an ascending Diamond or below the bottom for a descending Diamond, it may serve as a signal to enter a trade. Risk Management: Setting a stop-loss order is crucial to limit potential losses if the trade goes against you. Determine the size of your stop-loss and take-profit levels according to your risk management strategy. Manage the Position: Once you've entered a position, monitor its progress closely. Consider using a trailing stop to protect your profits and reduce risk. You may also contemplate partial position closure as prices move in your favor. Volume Analysis: Trading volume can be a valuable indicator when trading the Diamond pattern. High volume during the breakout can add confidence to the reversal signal. Conclusion: The Diamond pattern is just one tool in technical analysis, and its use requires an understanding of the market context and additional confirmation factors. Traders often combine various analysis methods to make more informed trading decisions. Remember that no technical pattern guarantees success in trading, and there's always a risk of capital loss. It's crucial to maintain discipline and manage risks when trading the Diamond pattern or any other patterns. Thanks for your attention, and happy trading!💥 Feel free to share Your thoughts on this topic with us Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
6
Fractals in Bitcoin PriceHello, friends!🖐🏼 When it comes to analyzing the price of Bitcoin, one powerful tool that traders often use is fractal analysis. In the world of trading, fractals are not just fascinating mathematical concepts; they are essential for identifying patterns and potential price movements. Let's dive into the world of fractals in Bitcoin price analysis. What Are Fractals? Fractals are self-similar patterns that repeat themselves on different time frames. In the context of Bitcoin trading, these patterns can be observed across various time intervals, from short-term charts like minutes and hours to long-term charts like days and weeks. Why Do Fractals Matter in Bitcoin Trading? ▪️ Pattern Recognition: Fractals help traders recognize recurring price patterns, which can indicate potential trend reversals or continuations. ▪️ Support and Resistance Levels: Fractals can pinpoint crucial support and resistance levels, helping traders make informed decisions about entry and exit points. ▪️ Market Psychology: Fractals often reflect market psychology and sentiment. Understanding these patterns can provide insights into the collective behavior of traders. Types of Fractals in Bitcoin Trading: 📎 📈 Bullish Fractals: These are patterns that suggest a potential upward price movement. They often appear after a downtrend and may signal a reversal. 📎 📉Bearish Fractals: These patterns indicate a potential downward price movement. They typically form after an uptrend and may suggest a trend reversal. 📎 Regular vs. Hidden Fractals: Regular fractals are easily visible on price charts, while hidden fractals are less obvious and may require a more skilled eye to detect. Applying Fractals in Your Trading Strategy: 📌 Confirm with Other Indicators: It's often wise to confirm fractal patterns with other technical indicators like Moving Averages, RSI, or MACD for added confidence. 📌 Risk Management: Always implement risk management strategies, including stop-loss orders, when trading based on fractal signals. 📌 Multiple Time Frame Analysis: To get a comprehensive view, consider analyzing fractals on multiple time frames. A fractal pattern on a higher time frame can carry more weight. 📌 Backtesting: Before fully relying on fractals, backtest your strategy to ensure its effectiveness in different market conditions. Fractals offer traders a valuable lens through which to analyze Bitcoin's price movements. They can help you identify potential turning points and make more informed trading decisions. However, like any tool, they should be used in conjunction with other forms of analysis and risk management to navigate the complexities of the cryptocurrency market successfully. So, as you delve deeper into Bitcoin trading, remember that fractals are your allies in deciphering the market's intricate patterns and uncovering opportunities for profitable trades. Thanks for Your attention.♥️ I hope this post was engaging and informative. Yours sincerely, Kateryna 🚀
BITSTAMP:BTCUSD
by RocketBomb
4
Bitcoin: Identifying Fractal FormationGreetings, dear friends, traders and enthusiasts! Today, let's dive into a chart analysis that uncovers a phenomenon – the formation of a fractal pattern. As we explore the intricacies of this market movement, we'll navigate through key trends and potential shifts that offer valuable insights for our trading journey. On the chart, we can observe the formation of a fractal pattern. The downtrend formation began within July, characterized by a prolonged sideways movement with periodic false upward breakouts, continuing until mid-August. Confirmation of the continuation of the descending trend was marked by a sharp price drop from 29 to 25 thousand. Currently, the price is following a very similar path (fractal) as before. We are now in a sideways phase, having already experienced one false breakout. Ahead of us lies a few days of sideways movement, with price oscillating within the range of 25,900 to 26,000. By the end of August or so, another false breakout might emerge. In the final days of summer, a price decrease can be anticipated, potentially even a significant one. I've attached my chart with a larger timeframe for a broader perspective👇 Thanks for Your attention.♥️ I hope this analysis was engaging and informative. Yours sincerely, Kateryna 🚀
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 2h chart 17/08 by RBHello, friends! Today, I'm excited to provide an update on the 2-h chart of Bitcoin! In my previous analysis, I predicted a potential downward movement towards the 27,400 level, and the pricing appeared quite bearish. Subsequently, the price can experience a further decline, reaching 26,400. The next steps in price action allowing us to gain a clearer perspective. Recently, I stumbled upon a thought-provoking quote by a renowned individual which I believe resonates with our trading journey: “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. In the end, what matters isn’t crossing the finish line before anybody else but just making sure that you do cross it.” -Benjamin Graham Comparing your progress with fellow traders not only yields no meaningful insight but can also hinder your growth. Focus on setting personalized trading goals and channel your energy into achieving them. Remember, trading is a personalized journey, akin to running your unique race. Although these concepts might not be novel, revisiting them can aid in better absorption and application. How's everyone doing? Feel free to share your thoughts. I'm here to chat with You ! Warm regards, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
9
Decoding Bitcoin Halvings by RB🚀"Decoding Bitcoin Halvings: Analyzing Price Shifts and Patterns" Let's embark on a data-driven exploration of Bitcoin's halving phenomena, delving into the intricate interplay between scarcity, market dynamics, and price evolution. 🚀 Bitcoin's halvings, programmed to occur approximately every four years, are pivotal events designed to control its issuance rate. By halving the block rewards miners receive, Bitcoin enforces a deflationary supply model, mirroring precious metals' scarcity-driven value proposition. Halving I (2012): In November 2012, Bitcoin's inaugural halving took place, reducing the block reward from 50 BTC to 25 BTC. The immediate aftermath witnessed a modest price increase, revealing the early market's appreciation for reduced new supply. Halving II (2016): The second halving occurred in July 2016, lowering the block reward to 12.5 BTC. This time, the price response was more dramatic. A prolonged bullish trend began several months before the halving, peaking about a year after. The post-halving correction was followed by an extended bullish phase, underlining the cyclical nature of market sentiment. Halving III (2020): The most recent halving took place in May 2020, reducing block rewards to 6.25 BTC. This event was particularly notable due to its alignment with growing institutional interest. Bitcoin's price exhibited a similar pattern—pre-halving speculation, post-halving correction, followed by an aggressive bull market rally. Several intriguing patterns have emerged across halving events: 📌 The Pre-Halving Rally: Anticipation-driven rallies occur ahead of halvings, reflecting investor optimism about reduced supply and potential price appreciation. 📌 The Post-Halving Correction: Historically, a price correction follows halvings, often attributed to the "sell the news" phenomenon. This correction serves as a market reality check before the next growth phase. 📌 The Subsequent Bullish Phase: Post-correction, Bitcoin tends to enter a sustained bullish phase, as observed in the aftermath of each halving. This phase is often fueled by growing retail and institutional interest, media coverage, and macroeconomic factors. 2024 and Beyond: With the next halving expected in 2024, speculation is rife regarding its potential impact. While historical trends offer insights, it's important to consider new variables, including regulatory developments, technological advancements, and macroeconomic shifts. 💡 The story of Bitcoin halvings unveils a captivating blend of economic theory, market psychology, and technological innovation. These events not only reinforce Bitcoin's scarcity-driven narrative but also underscore its resilience amidst evolving market conditions. ❗️Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks.
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Maintaining Clarity in Market ViewHello, traders of the Trading View community! Today, I wanna emphasize the importance of maintaining your own perspective on the market and trading, while avoiding being overwhelmed by information noise. Here are a few strategies to help you steer clear of this trap: ✔️ Define Your Own Approach: Develop your own trading strategy and plan. Don't conform to the standards set by bloggers or experts—determine what works best for you. ✔️ Choose Sources Carefully: Select a handful of trusted information sources. Don't immerse yourself in the multitude of opinions from various authors, as this can lead to confusion. ✔️ Set a Time Limit: Allocate specific time for analyzing resources and blogs. Use this time mindfully, preventing information overload. ✔️ Fact-check Information : Always fact-check information before incorporating it into your strategy. Don't solely rely on the opinions of others. ✔️ Focus on Education : Enhance your own market analysis and trading skills. The more you understand, the less you'll depend on others' opinions. ✔️ Review Opinions Critically : If you've already gathered information from others, always conduct your own analysis before making a decision. ✔️Track Your Own Results: Remember that the results of your personal strategy are more important than others' recommendations. ✔️ Implement Information Gradually : Don't attempt to incorporate all new approaches at once. Test them gradually and cautiously. May your strategy and approach to trading be grounded in your own analysis and common sense. Maintain your market sense even in the face of overwhelming information. Share which methods help you avoid information overload. It will be very interesting to read! Don't forget to subscribe so you don't miss out. And give it a like – it motivates me to create consistent and high-quality content for you. Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
BITCOIN out of RISING WEDGE?Hello dear friends! An interesting picture of Bitcoin's price movement! What are your thoughts? It certainly resembles a rising wedge, doesn't it? But what exactly is a rising wedge? A rising wedge is a pattern that develops on chart due to a narrowing amplitude. If you connect the highs and lows with lines, they'll form an imaginary angle that gradually narrows. Moreover, this angle needs to have a positive slope, creating an upward-pointing corner, indicative of an uptrend. A rising wedge serves as a bearish reversal pattern. Typically, it marks a reversal of an ongoing uptrend, although exceptions exist. There are instances where the rising wedge extends the trend. If a downtrend occurred before the wedge, the price declines after the wedge, effectively continuing the trend. Nonetheless, it's crucial to remember that post-rising wedge, a price decline tends to follow. The rising wedge is a relatively uncommon pattern and isn't easily identifiable. Despite the apparent balance between bulls and bears, the narrowing of the wedge corridor suggests that supply is prevailing. Ultimately, buyers capitulate, and sellers gain control of the market. If we presume this to be a rising wedge, then in the medium term, a significant price drop to $20,000 could be anticipated. Prior to that, a potential price retracement to the $28,000 level might occur. What's your take on this Bitcoin price movement? Feel free to share your insights and analysis! Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
5
Fundamental vs Technical Analysis📊🔍 Fundamental vs Technical Analysis: Unveiling the Differences and Advantages 🔍📊 In the exciting world of trading, two distinct yet equally important methodologies dominate the landscape: Fundamental Analysis and Technical Analysis. Both approaches provide valuable insights, but they stem from different philosophies and offer unique advantages. Let's dive into the heart of this debate to explore the contrasting attributes of these two analytical powerhouses. Fundamental Analysis: Delving into the Essence Fundamental analysis revolves around the study of a company's intrinsic value by assessing its financial statements, economic indicators, and market trends. This approach examines the broader economic context that influences the asset's price, making it a staple for long-term investors. By scrutinizing earnings reports, balance sheets, and macroeconomic factors, fundamental analysis seeks to identify whether an asset is overvalued, undervalued, or fairly priced. 🔍 Advantages of Fundamental Analysis: • Provides a holistic view of the asset's health and potential future growth. • Useful for long-term investment decisions. • Helps investors understand market trends driven by economic events. Technical Analysis: Unveiling Price Patterns Technical analysis, on the other hand, is all about decoding price patterns and historical data. It relies on charts, indicators, and patterns to predict future price movements. The emphasis is on understanding market sentiment, trends, and psychological factors that impact buying and selling decisions. Technical analysts believe that historical price data can indicate potential future price direction. 🔍 Advantages of Technical Analysis: • Well-suited for short-term trading decisions. • Helps traders identify entry and exit points more precisely. • Focuses on price action, which reflects market sentiment and behavior. The Synergy of Both Approaches: A Balanced Strategy While fundamental and technical analysis may seem to belong to separate worlds, combining both can yield powerful insights. Successful traders often utilize a hybrid approach, leveraging fundamental analysis to understand the broader context and technical analysis to fine-tune entry and exit points. This combined approach can enhance decision-making and help traders navigate the complexities of the market more effectively. 🌟 Conclusion: The Path to Informed Trading Fundamental analysis and technical analysis are like two sides of the same coin, each offering distinct benefits. The choice between them often depends on your trading style, time horizon, and risk tolerance. As you delve deeper into the world of trading, consider incorporating elements of both approaches to develop a more comprehensive understanding of the market dynamics and make more informed trading decisions. Remember, understanding the nuances of both fundamental and technical analysis can be a valuable asset on your trading journey. Stay curious, stay informed, and keep refining your analytical toolkit. Happy trading! 💙💛 Feel free to share your thoughts and experiences in the comments below. Let's support and inspire each other on this exciting trading path. Your Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
Overview of the Elliott Wave TheoryThe theory of Elliott Waves, an intricate subject we've delved into in previous posts, beckons me once more to distill its essence. Let's gather the pivotal elements anew, unraveling the complexities to forge a deeper understanding. Elliott Waves exhibit fractal characteristics. Each wave possesses segments that closely resemble the entire wave, a quality known in mathematics as "self-similarity." A trending market adheres to a distinct 5-3 wave structure. The initial 5-wave pattern is termed the impulse wave. One among the three impulse waves (1, 3, or 5) always extends, with Wave 3 typically being the elongated one. The subsequent 3-wave pattern is recognized as the corrective wave, denoted by letters A, B, and C in lieu of numbers for tracking the correction. Waves 1, 3, and 5 consist of smaller 5-wave impulse patterns, while Waves 2 and 4 are comprised of lesser 3-wave corrective sequences. While there exist 21 varieties of corrective patterns, they fundamentally stem from three straightforward and comprehensible formations. These core corrective wave shapes encompass zig-zags, flats, and triangles. Three fundamental principles define the labeling of waves within the Elliott Wave Theory: First Principle: Wave 3 must NEVER be the shortest impulse wave. Second Principle: Wave 2 must NEVER surpass the commencement point of Wave 1. Third Principle: Wave 4 must NEVER overlap with the price region of Wave 1. Upon thorough chart analysis, you'll observe that the market indeed advances in waves. Since the market seldom conforms precisely to theoretical models, honing your ability to analyze waves requires extensive practice over numerous hours before you find yourself at ease with Elliott waves. 🙌🏻Persevere diligently and remain steadfast in your pursuit!Happy trading! Your Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
3
ETH/USD on 3h chart by RBGreetings, friends!♥️ Welcome to a realm, where charts come alive and financial insights flourish.💥 Here, we dive deep into the world of trading, analyzing, and strategizing.🙌🏻 📈 Price Analysis and Potential Trade Opportunity 🔍 Price Movement: On the left, we have a real-time visualization of the current price movement. 📊 Typical Price Pattern: Displayed on the right is a chart illustrating the characteristic price movement pattern. 🔵 Potential Trade Range: I've highlighted the potential trade range in blue. 📉 Price Projection: It seems that the price can poised to oscillate within the range of $1858 - $1820. Subsequently, a price retracement to $1920 is plausible, followed by a potential decline to $1720. 🔍Have you observed a similar pattern in the past? What name would you assign to this particular pattern? Let's discuss and share your insights in the comments below! Remember, this post is not financial advice, and thorough analysis is essential before making any trading decisions. 📌This content is for educational and informational purposes only. Trading involves risks and it's important to do your own research Feel free to adjust and customize this post as needed. 🙏 Happy trading! Your Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
Explanations for Not Following Your TPHi! Have you ever abandoned your trading plan?🧐 If not, you should still read this, because you might be deceiving yourself!😉 If you have, why do you think you've been "unfaithful" to it? It's about you. Do you attribute it to your personality? Temporary loss of reason? Or perhaps, you see it as an inherent part of trading? Several factors could contribute to your lack of discipline. Depending on your personality, background, training, and experience with markets, you may struggle to control impulsive actions. For some, impulsiveness is ingrained. They find it challenging to concentrate, easily get bored, and seek quick thrills for relief. For others, impulsive behavior is linked to emotional vulnerability. Some individuals have difficulty managing their emotions, leading them to act impulsively out of frustration. Temporary setbacks are inevitable in trading. When highly emotional traders face these setbacks, they become overly distressed, leading them to close positions prematurely or make major trading errors in a frantic state, which can only be rectified by closing the position. No trader is perfect; any trader can be impulsive at times. Research has indicated that tiredness can impair concentration. As much as your conscious mind cares about adhering to your trading plan, your unconscious mind might think, "Who cares? I just want to get this over with and relax." Your psychological resources get depleted. Pushing yourself to the limit makes it difficult to concentrate on and adhere to your trading plan. Other traders may be impulsive due to lack of experience. It's unrealistic to expect adherence to a trading plan when you're uncertain about what you're doing. If you're new to trading, you may lack confidence and feel uneasy. You might hesitate to act, unwilling to risk your money because you don't have the strong belief in your plan's profitability that seasoned traders exhibit and it’s ok. "Who does nothing makes no mistakes." It's not you, it's your trading plan. You can't stick to a trading plan that you can't follow. If your trading plan is incomplete and crucial aspects remain unclear, you'll have difficulty following it. A trading plan should have well-defined entry and exit strategies. Monitoring signals that indicate trade progress are also crucial. Underestimating the importance of a clearly mapped-out trading plan is a mistake. The successful trader is a disciplined trader. Disciplined traders adhere to their trading plans and don't act impulsively. It's crucial to identify the reasons behind impulsive trading. It might be related to your personality or your trading plan, but whatever it is, gaining awareness of these factors and resolving them is essential. Once you control the impulse to act, you'll trade more profitably and consistently. In conclusion, a successful trader is not only someone who achieves consistent profitability but also someone who continuously learns and grows in this dynamic market. Remember to stay disciplined, manage risks effectively, and embrace both wins and losses as opportunities for improvement. As you continue your trading journey, may the charts align in your favor, and may your strategies be filled with wisdom and insight. Wishing you the best of luck and success in all your trading endeavors! Feel free to share your thoughts and experiences in the comments below. Let's support and inspire each other on this exciting trading path. Best regards and happy trading! Your Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
2
Bitcoin by Rocket Bomb🚀💣Hello there, my beloved friends! ♥️I'm delighted to have You on my page!🤗 I recommend You evaluate my price movement scenario! I'd love to talk about it with You in the comments! On my chart, you can see the dynamic levels of support and resistance, which gradually narrowed by forming a triangle, from which we'll soon be able to see a way out! I still believe the exit will be in the 24-26 thousand range! However, if we break past the level 28-29k, the price may rise and begin a rising trend after leaving the triangle! If the price falls below $24,000, the declining trend will almost certainly continue! That, in my opinion, is what we can expect in the near future! What are your thoughts? Thank you for taking the time to read this. Sincerely, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
1
Bitcoin by Rocket Bomb🚀💣Hello, dear friends! I'm glad to welcome you on my page!🤗 Since the beginning of this month, russia has shelled Kyiv five times in various ways: these are super-heavy bombs and drones! The whole huge multi-million city trembled from the loud sounds of shots - our defense forces worked perfectly!💪 Just today I slept for the first time in two weeks! And immediately here to YOU!😊 Let's see what happened during this time and what we can expect in the near future :) You can pay attention how price of Bitcoin is formed! It's reminiscent of the previous design! Someone might say that it looks like accumulation and distribution, someone sees triangles, someone sees Bart's heads, etc. I think, that in coming days we can expect the price to drop to levels of 24k (lower - unlikely), then again we can expect a sharp rise in prices right up to levels of 31 and a little higher! Then the price can get a little stuck! Tell me how are you? How are you doing? Anything new ? The last two weeks have been the most stressful for me and it seemed more than a month had passed!🤪 Thank You for attention I'm waiting for Your feedback Sincerely Your Kateryna
BITSTAMP:BTCUSD
by RocketBomb
10
Bitcoin's Price Adventure💥Bitcoin's Price Adventure: Unveiling Patterns and Trading Opportunities! 🚀🌟 Hello, my dear friends!♥️ Today, we embark on an exciting adventure through Bitcoin's price action, delving into its captivating voyage from 2021 to early 2023. Get ready for a thrilling ride full of twists and turns as we uncover a tumultuous downturn, a period of anticipation, and an exhilarating surge that unveils new opportunities. We'll explore the formation of an ascending channel and the emergence of two intriguing triangle patterns. Brace yourselves for an engaging exploration! 🙌😄 The Turmoil and Stagnation: Oh, what a wild ride it has been! In 2021, Bitcoin faced its fair share of challenges. The cryptocurrency took a dip that left market sentiment bearish and caused losses for many. But fear not, for even amidst the chaos, Bitcoin remained resilient. Throughout 2021 and into 2022, it navigated rough waters, testing the patience of traders and investors alike. After the storm, however, came a period of calm. The market entered a phase of stagnation, like a tranquil oasis amidst uncertainty. Bitcoin's price found stability, longing for a catalyst to reignite the flame of hope. From late 2022 to early January 2023, we witnessed a period of consolidation, where the cryptocurrency yearned for a new direction. 🌊⚓️ The Ascension and the Ascending Channel: But behold! A sudden surge emerged, defying all expectations and breathing life back into the market. From the depths of the 16000 zone, Bitcoin soared to new heights, forging an ascending channel that paints a mesmerizing picture of progress. Picture it like a thrilling dance, with higher highs and rising troughs guiding us towards an exciting future. 📈💃 The Enchanting Triangle Patterns: Within this ascending channel, two captivating triangle patterns emerged, capturing our attention like hidden treasures. Like brushstrokes on a vibrant canvas, these triangles revealed themselves as consolidation phases within the greater upward trend. As Bitcoin approached the upper boundary of the channel, it encountered resistance, creating moments of suspense and anticipation. 🎨🔍 The first triangle pattern, an early protagonist, signaled a continuation of the prevailing trend. It represented a pause, a chance to catch our breath before the upward momentum regained its strength. Watch closely for the breakout from this pattern, my most attentive readers and watchers, as it may offer insight into the future direction. The second triangle pattern, took on the role of a reversal pattern. It introduced uncertainty, casting a spell of mystery over the market. Keep your eyes peeled for a breakout from this pattern, for it holds the key to the next significant price movement. 🎭🔮 Conclusion: In this thrilling Bitcoin price adventure from 2021 to early 2023, we've witnessed a breathtaking spectacle of events. A dramatic downturn, a period of anticipation, and an electrifying surge set the stage for an ascending channel adorned with enchanting triangle patterns. The savvy among you, my dear friends, can seize trading opportunities hidden within these patterns, like precious gems awaiting discovery. Follow the breakout points, trust your instincts, and nurture anticipation for the exciting future of Bitcoin. Hang on tight, my friends, as we unravel the mysteries of Bitcoin's price adventure. Your insights, discussions, and feedback are invaluable on this journey. So, tell me, what awaits us next? What are Your plans for the medium term? Let's dive into the conversation and navigate the exciting realm of cryptocurrencies together. Stay optimistic, stay encouraged, and let's make the most of this! Sincerely Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
10
From Halving to Halving Hello, my dear friends!♥️ I'm glad to welcome You on my page! Thank you very much for your activity, I really appreciate it!🙏 Today I decided to make a chart comparing the behavior of the price movement of Bitcoin on a weekly chart to predict the price before the next bull run! Weekly chart - the most convenient to look at a long period of price movement! That's very important, because right now many traders are confused <> What can we see on the chart?👀 First of all, it's worth noting the beginnings of halvings 2, 3 and 4 - they are marked with vertical lines on the chart - the light green zone - indicates the phase of active growth immediately after the halving! Immediately after the end of the growth, the price begins to form a triangle, which stretches until the beginning of the next halving - you can see the triangles in yellow! Of course, triangles are conditional figures - perhaps other traders see something different for themselves! But, my most attentive readers and watchers 😉 could notice a departure from the so-called big triangle - I have a suggestion - let's ignore it, because it is necessary to connect the price movement precisely by more lines touching, and this zone trying to confuse us! Let's see some details on the chart! It's important to note that in both triangles you can see similar price behavior - there are clear boundaries - the tops of the triangles - blue circles - the lower part of the large triangle touches the top of the previous - smaller one several times, which proves that before the next halving - re-test 16-15k levels again is more likely! And that's area will be optimal for buying next year!✊ As for the medium term - looking at the chart, we can assume that we have high probability of seeing 35 k! What conclusion can we draw from what we have seen and read? Medium-term perspective - 35+_k - fix profit! Next, we are waiting for the fall to levels 15-16 k and waiting for the halving! Everything, that you have seen and read is only my judgmental vision of the market situation and Bitcoin price movement! Waiting for You in the comments for discussion! What are Your plans for the medium term? Sincerely Yours Kateryna♥️ Take a look at some EDU!
BITSTAMP:BTCUSD
by RocketBomb
6
Bitcoin by Rocket Bomb🚀💣Hello dear friends! Here I am again! 😊Now the activity on the platform leaves much to be desired, so I'll immediately ask you to click <> to my enthusiasm👍, it will be more pleasant for me to create new content for You! What do we see on the chart?👀 Today I would like to demonstrate, that Bitcoin's rollback from its bottom (16k) has already taken place - and very profitable - by almost 100% from the bottom to 30k!✔️ Now we are seeing a price rollback to 27,000$. I expect the price can go down to 26k maybe even 25k and go up to 37k POSSIBLE - that's the medium term perspective! And if it will happen, then the growth from the bottom to 37 thousand - will be an increase - 135%! I think everyone understands, that it's not time for a new bullish cycle, that's just a protracted price rollback after the last bull run! Therefore, my post is for those - who wrote me, that he/she has a super-mega - bullish mood! Just be careful! Now it is important to monitor the market at shorter time frames! But don't forget about the daytime picture!😊 I really hope it was helpful to You! Don't get too bullish - it can be deceiving! Stay safe Sincerely Yours Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
40
“Sell in May and Go Away”Hello, dear friends! I'm very glad to see you on my page! Have you heard the expression “Sell in May and go away”? “Sell in May and Go Away” is a popular saying in the business and finance industry that suggests a strategy for investing and can be used in the cryptocurrency market. The idea behind this strategy is that the market tends to perform poorly between May and October. The “Sell in May and Go Away” strategy entails selling at the beginning of May or late spring and until November or late autumn when investors would reinvest in the market. The rationale behind this approach is to avoid holding during the summer months. What Will Happen This Year? The technical analysis from the daily time frame shows that TOTALCAP broke out from the $1.17 trillion resistance area. This is a crucial area that has been in place since June 2022. Therefore, a breakout from it could catalyze a sharp increase. Moreover, the lack of resistance until HKEX:1 ,63 trillion will make it easier for TOTALCAP to increase if the breakout is confirmed. The area is 78% away from the current price. Finally, the daily RSI broke out from its bearish divergence trend line and is above 50, another sign of a bullish trend. Therefore, the most likely outlook for May – October is an increase toward the HKEX:1 ,63 trillion resistance area. What do you think about it? Will we see 36k of Bitcoin next month? Are you going to sell in May? Share your thoughts in the comments! Sincerely yours Kateryna
BITSTAMP:BTCUSD
by RocketBomb
5
Bitcoin by Rocket Bomb🚀💣Hello, everybody! Glad to see You on my page! Hope everything is good to You! The market has gone downhill! Don't you think so? What are your expectations? Share with me, please :) And I share my thoughts with you :) So... On the left side You can see Bitcoin daily chart with the Global Trendline from which was made three bounces. Also, the price stay at the resistance line now, which complicates further growth. On the right side - an hourly chart of Bitcoin. Using Fibonacci levels, we can assume which levels the price will touch in the near future. <> It can be assumed, that the price of Bitcoin will fall to the levels of 26,599 and possibly 25,400. Will it be so? We'll find out soon! 🔥Also would be interesting to observe the situation around Binance! Everyone, who works with Binance, be extremely careful! Security measures must be taken! The most unpredictable situations are possible! And it can also affect the price of Bitcoin! Are you using Binance? What are your thoughts? Share with me in the comments :) Thanks for Your attention Your Kateryna💙💛 EDU posts below in related ideas👇 ! Click, enjoy and become more educated 💪
BITSTAMP:BTCUSD
by RocketBomb
9