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Bitcoin by Rocket Bomb🚀💣 20/03Hello friends! Again for a week I flew out of life and from our lovely community 😊 Night alarms, takeoffs of fighters along the entire border... it seems, that nothing can surprise you, but the state of inner peace is disturbed! Let's take a look at what's going on with the price of Bitcoin right now! Being a supporter of harmonious trading and preferring to make analysis in its classical sense, I would like to pay attention on two important aspects, that traders should not forget about using the “Head and Shoulders” technical analysis figure: First of all, it can be decomposed into parts, each of that is an important and independent element, that allows you to identify the preferences of participants in market battles. Secondly, using the principles of harmonious trading helps to identify important price levels, that should be paid attention to. ❗️It doesn't mean, that the price will go exactly as shown on the 1 hour chart! It can stretch over time! But we can expect the price at the levels, that you can find on the charts! If the price will change its direction, I'll try to promptly update the chart! Tell me how are you? How are your deals? What do you see on the chart? Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
31
BTC chart in Bart Patterns🔥Hello, my dear friends! Today is the 8th of March! For hundreds of years, women have been fighting for equality, to have the opportunity to study, work at their favorite job, etc. At the present time, women have stood on a par with men. 💙💛 In our country, women fighting with men in the hottest spots of hostilities! Thanks to our defenders, for the opportunity to be here and do what I love on this beautiful day!🙏 Congratulations to the sweet and strong part of humanity - women on Women's Day! ♥️Be happy, loved and never stop - develop yourself! Kiss and hug!🥰 Today I wanna prepare something special and interesting for You! By looking on small frame Bitcoin’s chart, one can identify sudden movements or ‘bump’ in one direction, followed by consolidation and a sudden ‘bump’ to the other direction that ends close to the base price. This phenomenon can also happen in non-crypto assets, and it has given the name “Barts” because the asset’s price pattern looks like the head’s shape of the iconic Simpsons character, Bart Simpson. It is useful to know how to recognize this pattern, as it can significantly affect short and mid-term trading positions. It appears as a result of hundreds-of-Bitcoin orders in a matter of minutes, which can change the price of the coin. While it can happen to any cryptocurrency, it mostly revolves around Bitcoin for several reasons. One such cause is Bitcoin’s usual substantial volatility, as well as the fact that sharp changes in BTC value can affect the rest of the altcoins market as well. The reason for these sudden pumps and dumps is likely to burn crypto margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders, commonly known as ‘whales.’ The pattern is also known to happen in reverse, resulting in an upside-down image of Bart’s head where the drop occurs first, and then the spike arrives. This is known as a bullish consolidation pattern. The Bart Pattern’s Effects on the Market Bitcoin ETF: These events, among others, likely contribute to the reasons why the SEC continually refuses to approve Bitcoin ETFs. Despite what investors and traders believe, the truth is that the crypto market is still thin, and too easily manipulated. Analysts often tend to view the crypto markets as the “whales’ playground”; they can bring forth drops and surges whenever they choose. Miner Affection: Especially in a crypto bear market, as we have in 2018, the miners remain active. Since their goal is to profit by helping to maintain the BTC blockchain, they depend on rewards to pay their electricity costs and keep their mining rigs up to date. However, price manipulation can also affect them, as low prices of BTC tend not to be enough to cover their basic costs. Trading Tips to Survive Barts 📍If you are aiming for the middle or long-term trading periods, the Barts will affect you less. 📍Short-term traders, who tend to open margin positions on exchanges such as Bitmex and Bitfinex, might want to have further stop loss orders or liquidation prices. 📍If you identify a sudden move followed by consolidation, bear in mind an option of a Bart that will drive the price quickly to the other direction. You can find more my educational posts by hashtag #rocketbombeducational (You can click it under the pic of this post) Thanks for your attention I'll be glad to see your feedback Sincerely yours Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
17
Bitcoin by Rocket Bomb🚀💣Hello, dear friends!♥️ I'm glad to welcome you on my page today! The market has been a bit stagnant in recent days, but that's happening as a breather before a bigger move! In previous posts, I have already done an analysis of the possible next movements of Bitcoin, nothing has changed, so in this post I decided to combine the hourly chart and attach a wider picture of the daily chart. I hope you will enjoy! Don't forget to click <> because of this 😇 Below I'll leave my previous posts, they are quite informative, it may be useful to those who haven't seen them! ✍🏽Write which coins you are interested in, I'll try to analyze each of them! PS: I try to diversify "boring charts" with new funny memes, support my positive attitude by subscribing and "thumbs up"!👍 I'll be glad to see you in the comments😉 Sincerely your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
31
Bitcoin 1h chart 26/02 Hello, dear friends! You know, I began to open the blinds on my windows less often. Although a dream of windows on the whole wall was achieved. The feeling of unsafety has not left me for the last year. But that's the basic part of the pyramid of needs! Can a person live long without these very basic needs? I don't know... I live with the continuous siren sound in my head, this sound can drive you crazy! Many of You may think, what does Bitcoin have to do with it? And why am I writing this F"""S""" here? I'm try look at charts without emotions: I draw lines, I use different tools for analysis, I like to share my market vision with you and always put some special aesthetic for You. But when it comes to description, I can’t just write a poor, soulless text and I fall into deep thoughts, it happens by itself... I always have found a feedback here, where I combine my lovely work and leisure, where there is an opportunity to analyze and communicate and see other points of view. I would like to plunge headlong into everything, that dragged me so hard in 2020 once again, when I plunged headlong into the world of Trading View. I spent all my free time here and it distracted me from the thoughts, that related to the Coronovirus. Then it seemed that it was the apocalypse ... oh, how wrong I was then! The real apocalypse came in Ukraine on February 24 last year. Everything is known in comparison! The introductory part dragged on haha, we'll still look at the chart with you and analyze what I drew for You there. Weeeelll.....You can see an ascending channel on the chart.(also you can see the types of channels below on the right side of the chart) The number of touches in the channel is currently two, but we can expect a third in the near future. If you'll see a sharp decline in price to 22 600 in the short term, that will be a possible touch to the lower side of the channel! I'll attach my previous post below so you can see another look framed a little differently with my personal trading plans for these moves. If you still have any questions, write in the comments, I'll be glad to talk with you! For more people can see my posts - click like and subscribe!🙏 Always yours Kateryna♥️
BITSTAMP:BTCUSD
by RocketBomb
26
Bitcoin by Rocket Bomb 23/02Hello, dear community!🙌🏻 Glad to be here again!👋🏻 I disappeared for half a year from here and from my own life! That was (without jewelry) the worst year of my life! I apologize to everyone I let you down, my subscribers and friends!🙏 Tomorrow is the anniversary of the full-scale war! The atrocities experienced by the people of Ukraine are difficult to describe in one post, but we'll carry the consequences of that with us for the rest of our lives!😪 Many thanks to everyone, who worried and supported, to everyone who cares about the tragedy, that happened to us! As for me? I'm positive about the future (and the future of Bitcoin, of course, haha), so let's get to the chart! What's my plan? I have several buy orders waiting in the white zone, if it works out I can start selling from 23,800 to 25,000 and I'll wait for another correction again! If it doesn't work out, it's okay! We'll catch the price later! There will be a new day - a new analysis!💙💛 Thanks for not forgetting me, see you in a new post - tomorrow🙌🏻! If you liked my post - click like, if not - click anyway🤣! Subscribe so you don't get lost!🚀 Your Kateryna🇺🇦
BITSTAMP:BTCUSD
by RocketBomb
33
Bitcoin's mid term perspective 24/02Hello, dear friends!👋🏻 It's so nice to feel you haven't been forgotten me and my absence has been noticed! 🙏Thank you for the feedback!🙏 Let's talk about the medium-term perspective of bitcoin today! By the middle of January, bitcoin had come out a period of stagnation - on the chart, I marked it as a conditional "bottom"! The price has started to rise! Now we are on the support line: in the near future we can expect a slight decrease in the price to the support levels to 22k+, and further growth will continue! You can see the levels on the chart!👇 Today's exactly the year of a full-scale war. The war is not over yet, but it's easier to breathe! The smell of victory hangs in the air! Thanks to our defenders for the opportunity to be here with you, for the opportunity to breathe and live in an independent country, where people have their own opinion and their own path and the future! During this year there was a lot of grief, tears, fear and despair! During the first months of the war, I just lay and cried. I had to leave the apartment in the capital, in which I barely had time to finish the renovation. Until February 24, I was full of faith in a bright future, in my personal growth and a happy life, the path I had been working for more than 10 years!(a young girl from a small town) All of this was broken by the war on the night of February 24! It's fear, it's enemy planes overhead, it's rockets that fall in front of the house, it's stress and gray hair on the head! Our people, indeed, showed themselves to be incredibly united and strong! I'm proud to be Ukrainian! I remember how (on February 25) I arrived in western Ukraine, to the sound of rocket explosions, I went to weave camouflage nets for soldiers. It was wildly cold, my fingers were numb, I continued knitting and cried - cried - cried. A girl came up to me and held out a glass of hot tea, smiled and said "I see, you're cold, take it and warm yourself!" - for the first time then, I understood that it was necessary to fight! That everything will be good, no matter what happens! Stay strong no matter what! And take care of yourself!💪 Your Kateryna🇺🇦
BINANCE:BTCUSD
by RocketBomb
9
An amazing pattern🧐Hello, dear friends! Today I want to discuss with You a 3-hourly chart of the Bitcoin price formation. I wanna pay your attention to the multi-colored circles, which I marked the pricing phases for a clear visual understanding. You may notice, that the first of circles has exactly the same formation time for each of the phases. That is, 24 days have passed from the beginning of the first correction to the beginning of the subsequent correction, and so on three times. Then we can observe a price rollback and a subsequent fall, which also has three phases, only the time frame of each phase is longer in the interval - each of them is 37 days! An amazing pattern!ha-ha What does it give us? It can be assumed that until the middle of the month we expect the price in the range of 17,500 - 21,000, and then we'll follow the support and resistance lines. I think, that we have chances, that the price could go even lower to 15k and below. How do you see the fate of Bitcoin in the near future? What are you waiting for? Share with me in the comments :) Thanks for staying with me Always sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
22
Quick BTC's Update! 5/07Hello dear friends! I would like to share with you a quick overview of Bitcoin price formation. What can we observe in the near future? 💙 → If the price manages to break down 18,500, the price will probably drop below 18,000 and 17,500! 💛 → If the price manages to hold above 19,000, we will continue to form this blue triangle! Guys, which option is more likely in your opinion? Share Your view in the comments) Stay with me, subscribe, for not get lost. Share this chart with Your friends! I will be glad to see your activity by clicking 👍 like button and writing comments!♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
3
<< Bitcoin on 1 h chart >> by 🚀💣 Hello, dear friends! I'm glad to be here! Right now, the most informative analysis of Bitcoin price is the short-term analysis. That's why let's look at the 1 h chart. On the left side of my chart, I drew two dynamic lines: support and resistance and I got a "Conditional Triangle". You can see that the price isn't hurry to break through in any direction - it moves slowly in sideways movement. But we can see a slight "twist" (yellow zone)in the price, which could mean a decline in price to +-20 k or a continuation of the sideways movement in the +-500$ range. What do you expect? Share your thoughts in the comments... Always Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
8
Bitcoin by Rocket Bomb🚀💣30/06 Hello, dear friends! Hope you are ok! Apparently, we continue our movement down the descending channel. It's likely, that we have chance to drop to 17, 600 and possibly even lower. Looking at the MacD indicator, we can see some similarity of the movement with the previous one. Tomorrow the situation will be more obvious. Don't get lost, subscribe to be able to discuss the next steps of Bitcoin. Always sincerely with You Your Rocket Bomb🚀💣 Some of my EDU ideas👇
BITSTAMP:BTCUSD
by RocketBomb
3
EMOTIONAL TRADING AND HOW TO STOP IT p2 EMOTIONAL TRADING AND HOW TO STOP IT This post goes as a continuation of the previous one, so if you haven't read it, I highly recommend it (link in pinned post)! The emotional trader sometimes has losses, that can costing him much more than just losing money. Having been upset, because of a particular losing trade, such a trader fall into emotions and tries to return everything, that he lost. He is ready to ignore the rules of his trading system and money management for this, eventually losing more and more. When such a trader has several profitable trades in a row, he is also unable to stop and tries to maximize the success achieved. Trying to extend the winning streak as long as possible, he begins to open trades, that he would otherwise avoid, and in the end everything ends by losing money again. This familiar trading problem is usually quite expensive and costs for a trader - time, money and self-esteem. If a trader wants to break out of this vicious circle, then he will need to deal with his feelings, thoughts or actions. Find and change the negative psychological attitude that leads to the appropriate behavior. A good starting point is to ask yourself: Why am I trading this way? Answering this question in writing (which is desirable), listing your thoughts, beliefs and assumptions, you can come across something like this list of answers: ❗️ “If I don’t end every day with a profit, then I'm a failed trader. I can’t afford losses and close the day in the red” ❗️ "If I don't fight the market to get my money back, that will mean I've given up" ❗️ “I just need to work on more deals and I will succeed” ❗️ “When I trade profitably, luck is on my side. But everything can change at any moment. So I need to make the most of the situation and open as many trades as possible while I’m lucky.” ❗️ "The market wants to ruin me" In some ways, we all remain "Pavlov's dogs" - the more and more often we repeat a certain behavior model, the better it's remembered, eventually reaching almost complete automatism. That's just a very rough list, but even looking at it, it's easy to understand how these or similar thoughts can shape certain trading behaviors. Since such a trader feels like a loser until he gets his money back, he will do everything to regain the feeling of a winner. At the same time, thanks of negative experience, such a trader doesn't believe that his trading will be consistently profitable in the long term, and therefore tries to “snatch” as much as possible from the market, which leads to even greater losses. By reflecting on and changing each of these negative beliefs, a trader will be able to understand how irrational they are. Then he can replace these psychological attitudes with more positive ones: 💙 “I don’t have to end every day on a positive note. It is more important for me to maintain a positive balance in the long term. 💛 “Admitting a loss on a particular trade is not the same as admitting defeat. Instead of trying to immediately recover losses, I will analyze my trading and find out why I took a loss. This way I can prevent this situation from happening again in the future.” 💙 “Increasing the number of deals is not the key to winning. It is much more productive to improve their quality.” “When I am trading well, it is because I am in better shape. Luck and luck play a certain role in my life, but do not determine it. As I succeed in trading, I am grateful to myself for this, and I will continue to try to make smart trading decisions in the future.” 💛 “The market does not want to kill me. He is neutral and completely indifferent to me personally and to my trading results. He has no consciousness and is not able to think independently. And he does not try to punish me at all or deliberately harm me.” If the trader in the example looks at this list every day, it will help him stabilize his emotions and make smarter trading decisions. On the one hand, these attitudes do not provoke intense and emotional trading, and on the other hand, they do not lead to the development of laziness and apathy. Have you tried to write Your thoughts?🧐 If not, try it,(it works good) If yes, please share your experience in the comments. Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button and writing comments!♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
2
EMOTIONAL BURNOUT OF A TRADER Hello, dear friends! This post goes as a continuation of the previous two, so if you haven't read it, I highly recommend it (link in pinned post)! Today we are talking about <>. I think it's a pretty relevant topic. Let's look at more general problem. Burnout, which is characterized by apathy, laziness, loss of interest in trading, and generally reduced vitality, probably most accurately describes state, that most of us well know. Most traders are always emotionally extremely involved in the trading process, but sometimes even the most psychologically stable can give up. About a year ago, at the very beginning of active trading, the once active beginner was full of enthusiasm and hopes for a brighter future. The head was slightly spinning from the huge financial prospects, and this gave an additional incentive to work. Such a trader at times could even forget to eat or sleep for the required number of hours. However, by the end of the first year, the results didn't live up to expectations, and on the contrary, it turned out that were more difficulties than joys. He begins to feel, that all his efforts are in vain and lead nowhere. This causes him to lose interest in trading and become more and more apathetic towards this activity. Thoughts come, does he need it at all, all this trading ... What hidden negative beliefs drive this trader's growing lack of motivation? The list might look something like this: 🔴 “All my efforts are leading me nowhere. I'm not moving anywhere: one step forward and two steps back." 🔴 "Nothing I've tried to do, didn't works, so my dreams have failed" 🔴 “A trader needs to be born or have a talent for this occupation. I may never be destined to be a trader.” 🔴 “Trading systems and strategies, that work for others don't work for me. There's something wrong with me" 🔴 "Maybe I'm just unlucky" 🔴 “Doing the same thing over and over and expecting a different result is crazy. I'll go crazy if I keep doing this." It's easy to see how a list of such or similar setups can negatively affect a trader's self-esteem and make him feel negative about his own efforts. He actually spirals into apathy, at least as far as his trade is concerned. The problem is that the more multidirectional and chaotic efforts such a trader makes in his work, the worse the result becomes and the more he is convinced of his negative statements. Of course, it is impossible to change your own thoughts in an instant, but you can start working with it systematically. Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions. 🟢 “You can quit everything, but that's not the best way. Although I feel, that I'm marking time, but during this time I have learned a lot, learned a lot and continue receive new knowledge every day. Quantity will turn into quality, and I'll be able to move more intensively towards my goal." 🟢 “While things I have tried haven't bring me a results I want, but it doesn't mean my future efforts won't get me what I want. I have a huge knowledge base compared to a year ago. It will help me succeed.” 🟢 “No one is born to be successful at anything, and trading is no exception. If I really like trading, I can find a way to get good results.” 🟢 "I'm alright. Systems and trading algorithms, that don't work for me are systems that I either misapply or may not fit my personality. But there is a trading strategy, that is perfect for me, and I will create it myself.” 🟢 “The factor of luck is certainly present in my life, but it's not decisive. After all, my hard work will help me move forward. My intellectual baggage and everything I have learned during this time will help me gain control of my life." 🟢 “Maybe I should consider some changes in my life and work, but it's not crazy, I believe, that daily hard work eventually leads to success. Anyone who has ever become an expert at something or been successful has experienced failure. In any case, I always have the opportunity to seek qualified help if I need it to move forward faster.” These new mental attitudes are much healthier and can help the trader to reconfigure their behavior. Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions. This applies to absolutely any activity. The examples discussed above illustrate how reformulation of internal dialogues can lead us to a change in the quality of attitudes, to a deeper self-awareness. It gives us an opportunity to make more reasonable and accurate decisions during trading, and in general. I hope you enjoyed this post, write in the comments what else you would like to see in my next posts! Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button ♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
2
Bitcoin by Rocket Bomb🚀💣24/06Greetings ! The market is such a boring recent days! Price movement in a small range doesn't give great opportunities, activity is greatly reduced! There are also changes in the global world environment, people are capitulating from the cryptocurrency market, and unfortunately there is no positive trend yet. Although, a price rollback to levels up to 34 thousand can be expected, but then a price drop even lower than the current levels is more likely. On the chart, you can see a formed descending channel since the end of March. After the drop, we see prolonged sideway movements, and then a drop again. There must be a rollback. I think it's possible in the coming months. Some of my last posts for clear understanding my view: Always Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
4
Bitcoin will make unprecedented step🚀💣 Hello, dear friends! Looking at the charts over and over again, I wanna see something new in them. Let's take a look at the weekly log chart of Bitcoin today and try to discuss it! On the left side you can see an ascending channel in light green color, in which the price has been moving for more than 7 years (from 2011 to 2018), but at the end of 2018, the price left the channel. Then there was an attempt to return, re-testing that resistance, but it was unsuccessfully and the price dropped lower. In order to understand the subsequent trend, that the price was forming, I drew dynamic support and resistance lines, connecting the upper and lower boundaries with lines - I got a descending channel - it's light red on the chart. How long will the price stay in the descending channel? The dotted black line is a strong support line - its strength can be understood by counting the number of price touches (marked with red marks). Looking at the big picture, it can be assumed, that the price of 6-7-10 thousand for Bitcoin by the end of the year is so real. But whether strong support holds and where the price will go next - that will be a very interesting and unprecedented step in the history of BTC! What are your thoughts looking on my chart? Let's discuss ) Thanks for attention! I would be grateful if you support my post with a <> and comment, send a link to Your friend so more people can see my work. If I see an interest in my work, I'll try to make charts more often! Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
8
Bitcoin by Rocket Bomb🚀💣 21/06Hi, friends! In my opinion, the recent movement in the price of Bitcoin looks like an unloading! Activity has fallen sharply and doubt reigns in the market! What can we expect in the near future? Protracted lateral movement in the range of 18-23 thousand, by the end of summer or the beginning of autumn we will see a rollback - possibly up to 30+! What should investors do now? For investors and traders, advice regarding the current portfolio and how to choose new coins will be very restrained, because now is the most risky time to invest in a falling market in those coins, that will not be able to recover. Refrain from long-term purchases, the market will provide you with many discounts this year! Now is a great time to study the market! Don't force yourself! Try to understand the market!It will give You more opportunities in the future! Always Sincerely Yours Rocket Bomb 🚀💣 My last Post👇 Click <> as You like 🤣
BITSTAMP:BTCUSD
by RocketBomb
14
Bitcoin up to the end of this year by Rocket Bomb🚀💣 Hello, friends! Many people ask me, how I see the movement of the price of Bitcoin before the end of this year. I wanna show you the daily chart as I see it. For better understanding, what future holds, let's look at the past. Let's start with last autumn, when prices were at the peak. And let's see what happened next. We can clearly see how the market was "unloaded", forming downward channels, and on a rollback, we observe how a new channel is being formed. That's how it always happens. To verify this, you can look at the older history of Bitcoin. From November to January 2021/2022, we see a price drop of 53%, then a 40% rollback, followed by the formation of a channel (the formation time is one and a half months). Then again, investors are actively selling bitcoin and we are seeing a sharp drop in price by 63% (from March to June 2022). And here it will be interesting to observe the further fate, because we can't fall without a rollback, but the end of the bear market will not emerge yet. I think, that in the next month we'll see a possible rollback even up to 30 thousand and a little higher, and then again falling to even lower levels (16, 11 and 4 are POSSIBLE!!!!!!) This chart is an expression of my thoughts at the moment and does not pretend to be true, the market is so changeable, I will publish my thoughts over time) Thank you all for your attention! Write your thoughts in the comments, it's very interesting to read! Have a nice day, everyone Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button and writing comments!♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
12
Bitcoin by Rocket Bomb🚀💣 7/04Hello! How are You? Are You ready to talk about Bitcoin? Today there will be no politics, no military review and no prediction of the fate of Bitcoin. I was just laying on the couch and trying to draw and pretending to be a technical artist or a technical analysis artist. First, I connected the top price points of Bitcoin, then the lower ones - that's formed an ascending channel. That way we can see the level of support and resistance. Then it became interesting to me, how many days we have already been in this channel, it turned out - 475 days is more than a year and a half since the channel was formed. We can notice how clearly we are moving inside it - with blue circles I marked the points of contact between the bottom and the top of the channel. Also on the chart, you can see, that the time, that price passing from the bottom - to top - is approximately the same and prices naturally increase. It has been 43 days since the next price cycle and whether the channel will continue in the next months is a very interesting question, that I will be watching closely. If we fall out of this channel we'll be in free fall - even down to 20k. Hope it wouldn't happen ! If you are interested in some details about the "channel in technical analysis", below is some theory: Trading channels can be drawn on charts to help see uptrends and downtrends. > Traders also use channels to identify potential buy and sell points, as well as set price targets and stop-loss points. > Ascending channels angle up during uptrends and descending channels slope downward in downtrends. > Other technical indicators, such as volume, can enhance the signals generated from trading channels. > How long the channel has lasted will help determine the trend's underlying strength. Buying or Shorting the Channel Channels can sometimes provide buy and sell points and there are several rules for entering long or short positions: - When the price hits the top of the channel, sell your existing long position and/or take a short position. - When the price is in the middle of the channel, do nothing if you have no trades, or hold your current trades. - When the price hits the bottom of the channel, cover your existing short position and/or take a long position. There are two exceptions to these rules: - If the price breaks through the top or bottom of the channel, then the channel is no longer intact. Do not initiate any more trades until a new channel develops. - If the price drifts between the channels for a prolonged period of time, a new narrower channel may be established. At this point, enter or exit near the extremes of the narrower channel. What do you think about it? Share Your view in the comments! Thank you for attention Always sincere with You Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
53
Today we live in the history book! Hello, dear friends! Glad to see you and welcome on my page! Almost 4 months of total horror! It's impossible find words to describe what range of feelings I experienced during this time: from animal fear to accepting flying projectiles over my head! I disappeared not only from the public space, I disappeared for myself. Therefore, I apologize to those to whom I did not answer, who were so worried about me and my family! Let's talk about Bitcoin and what's in store for it in the near future. Bitcoin - the world's largest and most trusted cryptocurrency - hit its highest level in over a year and a half at less than $20,000 on Saturday. At one point, it traded for $18,000, down 59%. Only in the last 7 days has fallen 25%. The fall of the market is caused maybe by the Celsius froze the assets of depositors and banned the transfer of cryptocurrencies between accounts. An additional blow was the announcement by a number of cryptocurrency companies, such as Coinbase Global Inc, Gemini and Blockfi, that they were laying off thousands of employees as investors actively divest themselves of risky assets. And the saddest thing for investors is that the situation does not promise to improve anytime soon. Why now? I think that it is not only about cryptocurrency, but also about the global situation in general. We are witnessing a global economic downturn caused by the long months of the pandemic, and now also by the war in Ukraine. Inflation is rising, interest rates are rising, living standards are falling all over the world. As a result, large investors are no longer so freely dispose of their funds, and many ordinary investors have nothing to invest at all. And even if it were, who would want to take risks with such unpredictable assets as cryptocurrency, which is not protected in any way and is not regulated by financial authorities. Two lesser-known cryptocurrencies - TerraUSD and Terra Luna - that collapsed in May also did not add confidence to the cryptocurrency market, and investors began to get rid of their cryptocurrency assets. In accordance with the domino effect, the faster the cryptocurrency sold, the more it lost in value. This fully affected bitcoin, which, unlike traditional assets like real estate or an established business, is not backed by any material values. However, there is a good news for Us. (ha-ha) What do you think about it? Share Your view in the comments! Thank you for attention Always sincere with You Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
20
Bitcoin by Rocket Bomb🚀💣Hello dear friends. In one of my previous analyzes, I wrote out in detail the distribution scheme that was completed, and suggested that we exited it. The Wyckoff Method based the approach on his observations of the market activities of a group of better informed, more highly experienced traders/investors. Today I want to publish an approximate (in my opinion) scheme of price movement in the accumulation zone and attach it to the finished distribution for a more complete picture. I want to warn you, that's only a schematic overview - it will need to be improved as the price moves. So far, this is only a possible price movement scheme, but not a call to take a bank loan. Guys, what do you think about this? Talk to me! Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking << like>> button and writing comments! Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
32
Bitcoin by Rocket Bomb🚀💣 31/03Hello, friends! Thank You for Your interest in my charts, my thoughts, my well-being. No matter how painful it is, I already look at my image in the mirror without tears - without hysteria, that everything I worked on for more than 12 years - was taken from me by the war. A war without meaning, monstrous, taking thousands of lives, taking away the prospects of millions of Ukrainians and leaving only scars on the heart. We will live on, fight and win. Because we are on our own land, the truth is with us, and good always triumphs over evil. Thanks to all countries, that support us! You are true friends! Thanks a lot! Let's get back to the crypto market, namely, we will analyze the movement of the Bitcoin price in a little more detail on 2 hourly chart. In my opinion, I noted the key points on the chart, namely, what events preceded the trend change, when exactly the growth began, at what point the trend reversed, how a new uptrend is formed, and much more. Consider carefully the chart, for a clearer picture, I publish a link to it below. I expect growth to 49-50k in the coming days. This can happen from the current levels, OR with the price dropping to 45k, gaining momentum there and a little delay, then rising to 49-50k. Do you agree that trading is the hardest way to make easy money!? Let's discuss this. I'd love to read your thoughts in the comments! Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking << like>> button and writing comments! Always Sincerely Yours Rocket Bomb 🚀💣 Below I will leave more links to my previous analyzes.
BITSTAMP:BTCUSDLong
by RocketBomb
5