$ 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💙💛
Rocketbombforecast
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
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💙💛
BTC on 3h chart🔻Hello, dear friends! 😊Let's quickly take a look at the 3-hour Bitcoin chart.👀
We see a sharp decline in price, I have updated the boundaries of the triangle, and now it looks like we are moving towards the level of 64,000.💥
If we hold this level, there is a chance to stay afloat, but if the drop is more serious, the scenario I mentioned earlier may occur.👇
What do You think? How deep can Bitcoin fall? Will there be a deep correction? Write Your thoughts in the comments!
Thanks for Your attention
Sincerely Yours, Kateryna💙💛
Solana 🔻Attention, dear traders! 📈 Today, let's take a closer look at Solana's hourly chart to assess its short-term outlook! 💪
Recent price movements suggest that Solana is forming a descending channel. I made some adjustments to it after my last analysis👇
This indicates that the price recently rebounded from the upper resistance level and is now heading towards the support zone, located at approximately $169 $ 165 - $162. 🔻
One more my SOL/USD chart, take a look 👇
For those eager to expand their knowledge in trading, I've included a links below for further exploration.
Stay tuned for more updates! 📊 Thanks for tuning in! 💼
Best regards,
Kateryna 💙💛
Ont ready to 🚀Hello friends, today I'm sharing with You a very cool coin, that's still in the shadows - it's Ontology.🤫
🧐Ontology is a public blockchain platform designed for creating and managing decentralized applications and digital assets. It is part of a broad ecosystem aimed at blockchain development and its application in various industries. Ontology represents an intriguing platform with a lot of potential for developing decentralized applications and innovations in the blockchain field.
As for the price chart of Ontology, it looks very promising!📊 The price has just emerged from a prolonged sideways (marked in green🟢), and the downtrend line has been broken, indicating that an uptrend is currently dominating.🚀
The prospects for this coin are huge! 💥Just take a look at the weekly chart of this coin (marked in blue🔵). If You draw a trend line, You can see, that the price is ready to go to the moon (❌ no, it doesn't mean You'll wake up rich tomorrow, it means, that if You buy this coin for the medium to long term, it will definitely provide You with excellent returns💰!)
👀What do You think, friends? How do You feel about the ONTOLOGY coin? Will You buy it?
Please write down which coins catch Your attention? I'll gladly create charts for them!🫶
Thanks for Your attention,
Sincerely Yours, Kateryna💙💛
Bitcoin on 1h chart by RB🚀Hello, dear friends! 😍The halving is approaching, and anything could happen in the market, that no one can predict. 🔴Don't enter trades with large capital!! ❌It's better not to trade at all, than to be caught off guard by a huge fake candle!👎
Remember that the market could experience a significant drop before the halving or unexpectedly skyrocket to the heavens. 💥At the moment, it's evident that the breakout from the triangle was fake.
⭐Most likely, we will test the lower boundary of the triangle, and the price could reach 67,000 or even lower.📌
In any case, these are just my assumptions, and You should only enter trades, that You are confident in, and now is definitely not that time!⚠
Stay tuned, and I'll try to provide timely updates on the situation ✉
I want to remind You a few of my previous charts, that still have the potential to play out: Take them not as a call to action🙅♀️, but as one of the possible scenarios!
Thanks for Your attention😊
Yours sincerely, Kateryna💙💛
Bitcoin's Triangle Dilemma! 📈📉
Hey traders! 😊Ever felt the thrill of a breakout looming? Today, we're diving deep into Bitcoin's current triangle situation. Let's navigate through potential scenarios and craft our strategy for the upcoming ride!
Bitcoin's stuck a little bit. Will it break out upward or downward? The suspense is killing us!No fear! We've got a plan for both outcomes.
🔍 Spotting False Alarms
False breakouts are possible.🤨 Learn how to sniff them out like a pro!Haha😎
We'll wait for clear signals before diving into action. Patience pays off, my friends.
📈 Up We Go: Riding the Bull Wave
If Bitcoin decides to break out to the upside, we'll be ready. But not without confirmation! We'll wait around $71K, to confirm the breakout before riding the bullish wave up to $77,500.😆
📉 Downward Bound: Surfing the Bear Trend
But hey, what if it's a bear's world out there? No worries! We'll watch for that crucial confirmation around $63K before shorting our way down to $58,900. Bears, you're not scaring us today!Boooo🐻
🚀 Halving Hype: Brace for Impact!
💡Don't forget, traders! The halving event is on the horizon, and it's bound to shake things up. Get ready for some serious movement as the halving draws near. Exciting times ahead!💪
Get ready, friends The breakout is coming, and we're prepared for whatever the market throws our way. Share your thoughts and join the conversation in the comments!
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
Algo 🚀Hello, friends! 🫶Today I'm here with an interesting coin!😉
Algorand (ALGO) is a blockchain platform and cryptocurrency created to improve scalability, security, and decentralization in blockchain networks. Founded by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), Algorand aims to provide high performance and fast transactions without compromising security.
During the previous bull market, Algorand (ALGO) also demonstrated significant growth , like many other cryptocurrencies.
Currently, the price is still relatively low, which makes it quite attractive, personally for me!😊
I urge You to pay attention to it, if You are interested in a coin, that You can hold for the long term.🚀
The levels on the chart are outlined for the medium-term perspective , but the coin has much more potential !
👀What do You think? Have You ever traded this coin? Do You have any experience?😌
Share with me in the comments!
Thanks for Your attention💋
Always with You, Kateryna💙💛
ETH to NEW highs?👀Hello, dear friends!🫶
The cryptocurrency market is boiling and soaring rapidly!💥
The price of Ethereum has broken the upper resistance of the formed triangle and continue rising, surpassing the previous high. This means that for the medium-term perspective , the following profit levels can be noted: 3788, 3912, 4020.
Honestly, the risk of sharp price jumps is very high right now! Whether to enter trades or not, it's your responsibility! Think and weigh all the risks!
Thanks for Your attention💋
Sincerely Yours, Kateryna💙💛
Solana 🔻Hello, fellow traders! ☺️Today, let's delve into the world of Solana on the hourly chart to determine the short-term perspective!💪
It seems that the price has started forming a descending channel. If that's the case, then a few hours ago, the price bounced off the upper resistance and will move towards the support, which is the lower part of the channel, at levels $166 - 162.🔻
😌If you're keen to learn something new about channel trading strategy, I'll leave the link below for you to explore further.
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊
▶️Opening the position at levels 188-190 📈
✔️Taking profit at level 177 💰
✖️Stop loss above 198 ⛔️
These are just my thoughts, and the decision to enter the trade is up to You. 🤔
Sincerely yours, Kateryna💙💙
Lina is Ready to Take OffHello, traders! 💥Today we have Lina coin. Many of You may not have even heard of it, but let's dive into why it deserves Your attention.🧐
Lina is a coin, that currently isn't in the spotlight, but the technical analysis speaks for itself: it's ready to soar! 🚀After all, as the old trading rule goes, " buy on rumors, sell on news. "
Despite the lack of chatter surrounding Lina, its technical analysis indicates potential for buying.
In such a moments like we would show some trader instinct and catch a promising coin on the rise.😁
Share Your thoughts about this coin in the comments! 😎
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪
🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨).
The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought .
Let's take a look at the weekly Dogecoin chart. What can we see there?
✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌
🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective !
Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin.
What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark.
Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛