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Rocketbombtrading

SXP / USD 💥 mid- term trade 💥Hello, crypto enthusiasts!🫶 I'd like to highlight the potential of the SXP coin against the dollar! In my view, it shows great promise in the medium term!💥 The price is currently forming a significant wedge, which is nearing completion and poised for a breakout! For those inclined to take risks, consider placing buy orders in the orange zone. For a more conservative approach, wait for an upward breakout before entering buy orders. 🧐What are your thoughts on coins like SXP? I'm genuinely interested in your perspective! Thank you for your attention💋 Warm regards, Kateryna💙💛
Long
by RocketBomb
Daily Bitcoin and correction before halving💥Hello, dear friends!🫶 So, are You all excited about the swift rise of Bitcoin?🚀 It's cool, but regarding further movement, we need to: a) skip; b) trade carefully; c) just observe. (Let's emphasize the appropriate option 😄) But seriously, before the halving, we usually expect a correction, and right now the price is at a very strong resistance level! I don't rule out the possibility of false breakouts, but the market seems quite eager to shake us up 😁 Let's try to maintain composure! I suspect there will be plenty of opportunities soon, so let's not be greedy! On the chart, you can see that I'm expecting a "cold shower" in the coming month. 👍Also, tomorrow I'm resuming my workouts at the gym. This will be my fourth attempt since the beginning of the war 🤪 I hope it goes well! I'll need your support! Do You go to the gym? How do you relieve stress or tension?🧐Let's move forward together!💪 Always sincerely Yours, Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
6
Bitcoin $60 000 - $62 000 soon💥Hello friends!♥️ Yesterday Bitcoin sharply surged and Breakout an upward channel, that was formed since last July! This ascending channel is typically traded by breakout, which occurred! The price target for the breakout is measured by the width of the channel - I've indicated it with dashed arrows! But there's a catch! Yesterday, I posted a chart, IMHO, it's essential for you to read it and carefully consider it! On this chart, I've overlaid the same wedge in orange as in the previous post; I believe it holds significant importance for Bitcoin's future price action! The upper boundary of the wedge is resistance, which may not be immediately broken, and the price in that area may undergo a correction! It's crucial to monitor these levels! I anticipate a rise to levels around 60-62 thousand, and then we need to observe further! What do you say? What's your forecast? Share in the comments! Thank you for your attention! Always sincerely with You🫶 Your Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
4
All halvings on one chart💥Hello, crypto enthusiasts!🫶 The next Bitcoin halving is expected in April 2024. It's difficult to predict the exact date as it depends on the block height. Since halving occurs every 210,000 blocks, the next Bitcoin halving is expected in April 2024 when the block height reaches 840,000. Positive sentiments surrounding the Bitcoin halving have historically been associated with price fluctuations, as some investors anticipate price increases after the halving. Although historically Bitcoin prices have tended to increase after halving, it's important to consider that this trend is not guaranteed, and we cannot predict future price dynamics. Price trends will depend on circumstances in 2024 related to the Bitcoin halving event, including further adoption and other demand-related factors. Below are the price jumps in BTC after the halving.👇 Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with this period in 2020). On the day of the halving, the price of Bitcoin was approximately $12. Forty-one days later, the price significantly increased to approximately $130, demonstrating significant growth. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after it, there was a significant price increase. For a long time from 2013 to 2015, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2024 halving). In 2015, the price remained in a consolidation zone for some time and began to form a inverted wedge (orange color). On the day of the halving, the price of Bitcoin was approximately $660. By January 9, 2017, the price had increased to approximately $900, indicating significant growth in value over six months. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase. Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with the 2012 period). The price of Bitcoin was approximately $8,600 on the day of the halving, and six months later, around November 11, 2020, it had risen to more than $15,700. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase. For a long time from 2021 to 2022, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2016 halving). In 2022, the price remained in a consolidation zone for some time and began to form an inverted wedge (orange color). On the day of the halving (which will take place in April of this year), the price of Bitcoin is likely to be within the boundaries of the orange wedge. Immediately after the halving, the price will form a small wedge, resembling an accumulation zone, and after that, there will likely be a significant price increase. Why am I making such a forecast? Because every previous time it happened just like this! This halving is more similar to the one in 2016 based on price movements! Hey guys, I'm really curious about your opinion! Did you like my post? I put a lot of effort into it, and I'd be glad to see your engagement! Always sincere with You, Your Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
5
Bitcoin on 1h chart by RBHello, traders!🫶 💥Exciting news in the world of cryptocurrency!💥 Bitcoin has surged past the $51,000 mark and is now confidently aiming to establish itself within the $51,000 - $52,000 range. It's evident that resistance levels have been convincingly broken, indicating a bullish momentum in the market.🚀 Following a minor correction, we anticipate Bitcoin to potentially reach the $55,000 milestone. However, we also foresee a retracement to levels between $51,100 - $50,400 to fill the gap that has formed, providing an opportunity to gather momentum for further upward movement. 🚀 This is an exciting time in the crypto space, and I'm eager to hear your thoughts. 🧐Were you expecting this surge or were you anticipating a correction? Share your insights in the comments below!👇 Wishing You all a fantastic day filled with successful trading!♥️ Warm regards, Kateryna💙💛
BINANCE:BTCUSDLong
by RocketBomb
Loom/BTC by RB Hello, friends!🫶 Check it out! 🧐The price looks great at the moment! The formation of the wedge is coming to the end. Previous wedges worked out fantastically! Just take a look!😱 March of 2023 - 🚀 160% October 0f 2023 - over 1000% 💥 💡So what is a wedge? The wedge pattern can either be a continuation of an existing pattern or a reversal pattern, depending on the type of wedge and the previous trend. There are 2 types of wedges indicating that the price is consolidating. 1️⃣ The first one is ascending wedges, where the price is contained within two ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: lows are rising faster than highs. These wedges tend to have a tendency for sharp downward movements. 2️⃣ The second type is descending wedges, where the price is contained within two descending trend lines that converge because the upper trend line is steeper than the lower one. In other words: highs are falling faster than lows. These wedges tend to have a tendency for sharp upward movements. Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be set using the methodology of measuring the height of the back part of the wedge and extending it in the direction of the breakout. The overall stop level is located beyond the wedge on the opposite side of the breakout. ‼️To be confident in the trade - wait for the price to breakout! This will give you greater confidence! Thanks for your attention! Yours, Kateryna💙💛
LLong
by RocketBomb
Common Mistakes Traders Make When Placing Stop Loss OrdersLet’s discuss the four major mistakes traders often make when implementing stop losses. 😔 We consistently emphasize the importance of proper risk management, as using stop losses incorrectly can result in more losses than gains. And surely, that's not what you desire, right? 💰 Setting Stops Too Narrowly The initial and frequent error is setting stops too tightly. 🤦‍♂️ By placing extremely close stops on trades, there's insufficient "breathing space" for price fluctuations before it moves in your desired direction. Always consider the pair’s volatility and the likelihood of it lingering around your entry point before continuing its trend. 😌 Allow your trades ample room to fluctuate and factor in volatility! 📈 Reliance on Position Size Rather Than Technical Analysis Using position size as the primary determinant for stops, such as "X" or " NYSE:X amount," instead of relying on technical analysis, is ill-advised. 🚫 Position sizing shouldn't dictate stop placement; it's unrelated to market behavior. Since we're trading the market based on technical analysis, it's logical to set stops based on market dynamics. 📊 After all, you've chosen your entry and targets through technical analysis; similarly, determine your stop. This isn't to dismiss position size entirely. 🤔 Rather, decide on stop placement before calculating position size. Setting Stops Too Distantly Some traders err by placing stops excessively far, hoping that market movements will eventually align with their expectations. 😞 But what's the purpose of setting stops then? Why persist with a losing trade when reallocating those funds could lead to a more profitable opportunity? 💡 Setting stops too far increases the distance your trade needs to move favorably to justify the risk. As a rule of thumb, stops should be closer to entry points than profit targets. 🎯 Naturally, aiming for less risk and greater reward is preferable. With a favorable risk-to-reward ratio, like 2:1, profitability is more attainable, provided you're accurate in your trades at least half the time. 📈💰 Placing Stops Directly on Support or Resistance Levels Setting stops either too tight or too distant is counterproductive. So, where should stops be placed? Certainly not directly on support or resistance levels. Why not? 🤔 Despite advocating for technical analysis in determining stops, placing stops precisely on support or resistance levels isn't advisable. It's prudent to consider nearby support and resistance levels when setting stops. 📉 For long positions, identify a nearby support level beneath your entry and place your stop accordingly. Conversely, for short positions, identify the subsequent resistance level above your entry and position your stop nearby. Why avoid placing stops directly on support or resistance levels? Because there's still a possibility of price reversals upon reaching these levels. By positioning your stop slightly beyond these levels, you can confirm whether the support or resistance has been breached, allowing you to acknowledge any misjudgments in your trade idea. 🔄 In conclusion, mastering the art of setting stop losses is crucial for successful trading. By avoiding these common mistakes and adhering to sound risk management principles, traders can enhance their profitability and minimize losses. Remember to give your trades adequate breathing room, base stop placements on technical analysis rather than position size alone, avoid setting stops too far or too close, and refrain from placing stops directly on support or resistance levels. With diligence and discipline, traders can navigate the markets more effectively and increase their chances of achieving consistent success. 🚀 In the fast-paced world of trading, making informed decisions is paramount. By understanding the nuances of stop loss placement and steering clear of these pitfalls, traders can position themselves for long-term success in the financial markets. So, take heed of these insights, refine your trading strategies, and approach the markets with confidence and precision. Happy trading! 😊📈🎉 Your Kateryna💙💛
BINANCE:BTCUSDEducation
by RocketBomb
2
Weekly BTC by RBHello, dear friends!🫶 Today my attention is focused on the weekly Bitcoin chart! Let's apply the MACD indicator (it works best on longer timeframes)!👍 If you don't know or have forgotten how it works, then let me briefly describe it to you!😉 🔴A sell signal is generated when the MACD line crosses below the signal line. 🟢A buy signal is triggered when the MACD line (blue line in the chart) crosses above the signal line (red line). I have marked with red 🔴 circles cases where the blue line was below the signal line, which served as a signal to sell. And with green 🟢 circles - the blue line crosses the red line - this is a signal to buy! The green and red arrows reflect signals to buy or sell, which were reflected by the indicator. Currently, the indicator is at a crossover, if this happens, it will be a signal to sell! I suggest keeping an eye on this indicator in the coming days!🧐 ⁉️What do you think? Will the lines cross? Or will they manage to align? If this post was clear and interesting, hit 🚀 , share with friends, I'll be very pleased! Stay tuned! Always happy to see You! Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
7
Psychological Levels 🧠A psychological level is a price level that traders feel to be significant, generally due to its round number or because it has previously acted as a support or resistance level. These levels are not based on any intrinsic fundamental worth, but rather on market participants' collective view and conduct. These levels, sometimes known as "invisible lines," frequently affect the activities of both individual and institutional traders, resulting in predictable patterns in price movements. Psychological levels are financial market price points that have substantial meaning for traders and investors, owing to their simplicity and ease of recall. These levels are typically round integers ending in "00" or halfway points such as "50". The exchange rate of "1.00" or "parity" is also important when dealing with currency pairs. Traders tend to base their decisions on these levels, which results in greater buying and selling pressure when prices approach or exceed them. A nice way to think about psychological levels is that as prices approach them, traders become psychotic. Why do psychological levels matter? Psychological levels are significant in technical analysis because they can impact trader behavior. The human brain is wired to seek simplicity and order. This propensity results in a predilection for round numbers and other easily identifiable patterns in trading. As more market participants pay attention to these levels, they can become self-fulfilling, with prices reacting predictably as they approach, hit, or break through psychological barriers. As the price approaches this level, some traders may place buy orders anticipating a bounce, while others may place sell orders anticipating a reversal. This increased activity may cause price volatility near the psychological level, providing you with trading chances. Here are some examples of psychological levels: These are the pricing ranges that have a round number at the conclusion, like 100 or 1.5. Because they reflect round numbers and are simple to recall, these levels are frequently considered to have psychological significance. Previous highs or lows: Traders may view a previous high or low price for an asset as a crucial support or resistance level and may anticipate that the price will retrace off that level in the future. These could be all-time highs (or lows), daily, weekly, yearly, or weekly highs. Moving averages: In technical analysis, moving averages are frequently employed to spot trends and probable points of support or resistance. If a moving average has historically served as support or resistance level, traders may view it as a psychological. How to Trade Psychological Levels 📌 Determine Key Levels: The first stage in incorporating psychological levels into your trading is to determine the key levels that are pertinent to the financial instrument (for example, the currency pair) you are trading. This can be achieved by looking at past price movement and identifying round numbers where the price has previously displayed notable reactions. Track price movement: As it gets closer to a psychological level, pay particular attention to how the price responds. A rise in price volatility may be a sign of greater market activity, so keep an eye out for it. 📌 Set Entry and Exit Points: After identifying a psychological level and observing price behavior around it, use this information to set entry and exit points for your trades. For example, if the price has bounced off a psychological support level, you might enter a long trade just above it with a stop loss set just below it. In essence, a psychological level in technical analysis is a price level that traders and investors believe to be significant, generally due to its round number or because it has previously performed as a support or resistance level. These levels gain significance merely because traders pay attention to them. Traders will frequently respond to and make trading decisions based on these levels, even if the figure has no logical significance. Traders frequently place orders around these levels. When a price approaches certain levels, it might set off a chain reaction of buy or sell orders, causing the price to stall or reverse. Breaking through a psychological level can indicate a further move in that direction since it indicates that traders' opinions or psychology about that stock or market are changing. Thanks for Your attention! Always yours Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
1
💥 Investing in Dogecoin: Do it in a right time!Hello, Crypto Enthusiasts! 🚀 Let's dive into the world of Dogecoin (DOGE), one of the most intriguing cryptocurrencies in the market. 🌐 🐕 Origin Story: DOGE started as a meme-inspired coin featuring the Shiba Inu dog from the "Doge" meme. 🌕 Famous Meme: The coin's Shiba Inu logo became widely recognized and beloved in the crypto community. 🤝 Community-Driven: DOGE has a passionate and active community that often engages in charitable initiatives and tipping. 📈 Price Volatility: It's known for its price volatility, making it both exciting and unpredictable for traders. 🏆 Impressive Rallies: DOGE has experienced spectacular price surges driven by celebrity endorsements and social media buzz. 📈 DOGE / USDT 📉 🟢 Entry Levels: 0.05 - 0.06 🔸 Target 1: 0.07 🚀 🔸 Target 2: 0.08 🚀 🔸 Target 3: 0.09 🚀 🔸 Target 4: 0.10 🚀 🔴 Stop Loss: Under 0.045 ⛔️ DOGE is more than just a meme; it's a unique cryptocurrency with a remarkable community and history. Keep an eye on it as it continues to surprise the crypto world! Stay tuned for more exciting updates on DOGE and other cryptocurrencies. In the comments, let me know which altcoins you're currently trading! 🚀 Also, please share what you'd like to see in my upcoming posts. Your input is invaluable to me! 💙 Kindly sprinkle some love with a thumbs-up! 🚀❤️ Happy trading🌟 Your Kateryna🫶
by RocketBomb
19
Ethereum 1h by RB Hello, dear friends! How are you?♥️ Today, I wanna draw your attention to the hourly chart of Ethereum! The short-term situation looks very interesting. Today, the upward trendline was broken down, but the price returned to it, trying to recover and consolidate! If you're interested in my opinion, there is potential for a slight rise to the levels of 2300 - 2350, and beyond that, it seems like a time for correction to the levels of 2220 - 2200! At the moment, this is how I see the hourly chart! I would be glad to hear your opinions in the comments for discussion! I missed You!🫶 Thanks for attention! Sincerely, Kateryna.
BINANCE:ETHUSD
by RocketBomb
1
Bitcoin on 1h chart by RB Hello, dear friends!♥️ How are you? It's been a while since we last connected!🥹 I hope everything is going well for you, and you're ready for the upcoming halving!😏 What do we see on the Bitcoin chart today?🧐 The situation is quite intriguing. If we look at the daily chart, the scenario is not straightforward! Will there be a sharp price drop before the halving or not? What do you think? I would like to see it happen! Will it happen? We'll find out soon! Now, regarding the hourly chart, let's take a look at my analysis! On it, we can observe that price movements have been quite turbulent (shakeouts) over the last two months, complicating short-term trades and posing a risk for margin trading! So, be cautious! Until January 11th, an upward trend was evident on the chart, but after a sharp price drop, the trend has yet to recover (in the short term)! By drawing a few trend lines, we can see that the price is currently moving in a descending channel and may decrease a bit more. Will there be a more significant drop below 40 thousand? In the coming days or week, if the price doesn't break above the descending channel but continues to decline, a probable scenario is a sharp drop into the range of the white rectangle at 40-39 thousand! At the moment, this is how I see the hourly chart! I would love to hear from you in the comments for discussion! I've missed You all dearly!🫶 Thanks for attention!💙 Sincerely yours, Kateryna💛
BINANCE:BTCUSD
by RocketBomb
2
RB Calling for TOP! Comparing Bitcoin's 2019 Rebound with 2023.Hello my dear readers! Many of us find themselves drawing parallels between past and present, searching for clues about what the future holds for Bitcoin. In this analysis, I will explore the comparison between Bitcoin's market bottom and rebound in 2019 and its current resurgence in 2023. Can we project a price target of up to $47,000 based on this analysis? Let's dive in. Resemblance to 2019: Upon closer examination, it becomes evident that 2023's Bitcoin market rebound shares remarkable similarities with the 2019 scenario. The patterns, trends, and key indicators align in a way that raises intrigue among traders and analysts. Inverted Wedge Formation: One compelling aspect is the formation of an inverted wedge pattern. This pattern, which commenced right at the market bottom, is strikingly reminiscent of the conditions observed in 2019. The inverted wedge is a promising sign for traders, as historically, it has often preceded significant upward movements in Bitcoin's price. Crash Patterns: Another interesting facet of this comparison is the resemblance in crash patterns. The crash pattern observed in the current cycle shares characteristics with the previous one, yet it appears more condensed and narrow. This contrast becomes especially evident when compared to the flatter pattern that prevailed in 2018-2019. Projection for Bitcoin's Price: Based on this analysis, there is a potential projection of Bitcoin's price targeting up to $47,000. This projection aligns with the trends and patterns observed in both 2019 and the current market, offering an exciting prospect to monitor in the coming months. As we observe the ever-evolving dynamics of the market, this comparison between the events of 2019 and 2023 serves as a captivating reminder of the intriguing possibilities and patterns that have the potential to shape Bitcoin's journey. While I cannot predict the future with absolute certainty, my mission here is to empower you with my detailed market analysis and insights. 💛 If you've journeyed this far with me, why not show your support by hitting the ' boost 🚀' button and following my page? And if you're already a subscriber, feel free to share your thoughts in the comment section below. Do you spot a correlation between these two periods, or do you anticipate a different trajectory? Always Yours Kateryna 💙💛
KRAKEN:BTCUSDLong
by RocketBomb
6
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗼𝗻 𝗵𝗼𝘂𝗿𝗹𝘆 𝗰𝗵𝗮𝗿𝘁 🧐 Greetings, traders! Let's dive into the hourly chart of Bitcoin to see what's been happening and what might lie ahead. 🚀 Before the recent attack on Israel, there was a notable price surge. In just a few hours, Bitcoin's value took a sharp dip, only to rebound swiftly, catching many traders off guard. 💥 Currently, we find ourselves in a phase of price decline. The unfolding political and military developments across the globe have the potential to impact Bitcoin's price behavior significantly. 🔍 Here's the scenario I'm observing: If the crucial support level at 26 isn't able to withstand the pressure and ends up being breached, there's a substantial likelihood of Bitcoin's price descending into the 'gray zone.' Stay tuned for more updates ♥️ And remember, in the world of cryptocurrency, preparedness and adaptability are your greatest allies. Let's keep a close eye on this hourly chart, and feel free to share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
KRAKEN:BTCUSD
by RocketBomb
2
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world. Here are a few reasons why Litecoin might be considered an undervalued asset: Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases. Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments. Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection. Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features. Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness. Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions. Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant. Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward. Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers. Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts. As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market. What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:LTCUSD
by RocketBomb
5
What are your thoughts?🧐The world stands on the threshold of significant trials. In these challenging times, it's essential to reflect on the interconnectedness of global events, particularly in the context of the ongoing conflicts in Ukraine and Israel. The world, as we know it, is facing a profound test of our collective humanity and our commitment to peace and justice. The situations in Ukraine and Israel serve as stark reminders of the complex political landscape and the enduring struggle for stability. These conflicts have deep historical roots and have far-reaching consequences that extend beyond their borders. In times like these, it's vital to recognize the importance of diplomacy, dialogue, and a commitment to peaceful resolutions. The suffering endured by those affected by these conflicts is a stark reminder of the human cost of war, and it calls for empathy, compassion, and a united global effort to alleviate their hardships. While we may not hold all the answers, we can collectively advocate for peace, engage in dialogue, and support humanitarian initiatives that provide aid and relief to those in need. It's a time to reflect on the values that unite us as a global community and to work towards a more peaceful and just world. In the face of these trials, let us stand together in solidarity and hope for a future where conflicts are resolved through understanding and cooperation, rather than violence and division. The impact of this situation on the cryptocurrency market and Bitcoin in particular is a subject of considerable interest and speculation. The cryptocurrency market has shown a degree of sensitivity to global geopolitical events, and the ongoing conflicts in Ukraine and Israel are no exception. Here are a few potential ways in which these situations can influence the cryptocurrency market: Safe-Haven Asset: In times of global uncertainty, some investors view Bitcoin as a digital safe-haven asset, similar to gold. This perception can lead to increased demand for Bitcoin, potentially driving up its price. Risk Aversion: On the flip side, heightened geopolitical tensions can also result in risk aversion, leading some investors to move away from more volatile assets like cryptocurrencies in favor of traditional safe-haven assets. Market Volatility: Geopolitical events can introduce volatility into financial markets, including cryptocurrencies. Sudden shifts in sentiment can lead to rapid price fluctuations in both directions. Regulatory Changes: Governments may react to these events by introducing new regulations or taking a closer look at cryptocurrency activities. Such regulatory changes can impact the market. Global Economic Impact: Geopolitical tensions can have broader economic implications. Economic instability can, in turn, affect investor sentiment and their approach to cryptocurrencies. It's important to note that the cryptocurrency market is influenced by a myriad of factors, including supply and demand dynamics, market sentiment, and technological developments. Geopolitical events are just one piece of the puzzle. As with any investment, it's crucial for traders and investors to stay informed, practice risk management, and be prepared for various market scenarios, especially during times of heightened uncertainty. As investors and traders, it's essential to stay informed, assess the evolving landscape, and exercise prudent risk management strategies. The cryptocurrency market's response to global events remains a dynamic and multifaceted aspect of this ever-evolving space. Let's engage in a thoughtful discussion. What are your thoughts on how geopolitical events may affect the cryptocurrency market, especially Bitcoin? Share your insights in the comments below! 👇 Always Yours Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
11
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐨𝐧 4 𝐇𝐨𝐮𝐫𝐥𝐲 𝐂𝐡𝐚𝐫𝐭💥Hello, dear friends! I really want to wish you all the best and brightest because the world is on the verge of a tremendous ordeal! At times, it feels like a dream, and we wish to wake up! I understand that this platform is not political, and we won't be discussing any political processes here. However, over the past two years, politics has touched each one of us! In these difficult days for the people of Israel, I want to express words of support and wish for a swift victory over terrorism! You are strong, Ukraine stands with you! Now, let me explain what I've drawn on my chart and how I see the current situation in Bitcoin's price movement. On my 4-hour chart, you can see an ascending channel that was formed in October 2022 and continued until August 2023! On August 18, the ascending channel was broken downward. This means we can conclude that the ascending trend was broken. And the price started forming a new pattern! At the moment, it resembles a rising wedge. If we follow the rules of this pattern, we might soon see Bitcoin at around 22,000! If this indeed happens, I believe the downward trend will continue, and we will closely monitor further developments together! If you appreciate my work, please give it a like, and feel free to share the chart with your friends! I would be very happy to engage in discussions and hear your feedback! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
40
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐨𝐧 𝐇𝐨𝐮𝐫𝐥𝐲 𝐂𝐡𝐚𝐫𝐭 06.10.23 Hello, dear TradingView community! 🚀 Since the beginning of September, Bitcoin has been crafting an intriguing narrative. Within this month, it has formed an ascending channel, with prices oscillating between $25,000 and $28,500. But here's the kicker: there's a significant twist in this tale. The price is now drawing closer to a trendline that etched its presence last year. Currently, we find ourselves in the lower echelons of this channel. The outlook suggests a period of consolidation within this region, potentially steering us toward that long-term trendline. 🌐 But what's the takeaway for traders we can do? 🤔 The key lies in patience and observation. 🧐 To formulate a robust trading strategy, we advise waiting for more substantial price movements. A decisive breakout in either direction will be the clarion call you've been waiting for – a strong signal to make your move. 🚀 Remember to hit that "Like" button and subscribe for more insightful updates! Together, we can achieve more!💪 Until next time! 🚀 Your Kateryna🫶
BINANCE:BTCUSD
by RocketBomb
4
DCA when buying Bitcoin💥Welcome to my page, dear friends! 🚀 I'm delighted to have you here and are ready to share exciting and informative content. I hope you'll find a lot of valuable information and inspiration for your financial growth here. Buying Bitcoin at an averaged price, also known as "dollar-cost averaging" (DCA), is crucial for several reasons: 🔴 Risk Distribution: Purchasing at fixed intervals (e.g., weekly or monthly) allows you to distribute risks over time. This means you don't invest all your funds in one purchase at the current price, which can be risky. 🟠 Mitigating Volatility Impact: The cryptocurrency market is known for its high volatility. DCA helps mitigate the impact of short-term price fluctuations and avoids buying at the peak of price spikes. 🟡 Emotional Stability: Dollar-cost averaging helps you avoid emotional decisions while trading. You simply stick to your plan, buying regularly, regardless of market movements. 🟢 Long-Term Perspective: The DCA approach focuses on long-term investment. It helps create a cryptocurrency portfolio with an average asset cost, which can be particularly useful for long-term investors. 🔵 Temporal Reduction in Average Price: Purchasing during price dips reduces your average buying price, allowing you to benefit more when prices rise. 🟣 Easy Execution: DCA is a straightforward way to invest in cryptocurrencies without the need to constantly monitor the market and make complex decisions. 📌 It's essential to remember that DCA doesn't guarantee profits, and the cryptocurrency market remains risky. However, it's a strategy that can help you manage risks and build a long-term cryptocurrency portfolio. Feel free to ask questions, share your thoughts and experiences, and, of course, subscribe to stay updated on all my posts and analyses. Your support and participation mean a lot to me. Together, we can achieve more!💪 Until next time! 🚀 Your Kateryna🫶
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 3h chart by RB Hello dear friends! I'm happy to greet you all!😊 Once again, I disappeared from TV for a few months!😔 Gathering my willpower, I am coming back, trying to stay connected, but my psyche, shattered by the war, adds its own adjustments, and I retreat into myself and disappear again! I get frustrated with myself, take a deep breath, learn to live with all of this, which is why I am trying to come back and continue seeking inspiration here, on TradingView! For me, this place has always been a refuge and a source of creative inspiration. I poured my soul into every post and found a response in your hearts! That's why I'm here again, sharing my thoughts with you! Let's take a look at the 3h Bitcoin chart - it provides a clearer view of the channel, that the price has been forming since the beginning of 2023 (quite a long period)! In my humble opinion, it's about time for the price to break out of it! Analyzing the situation, it seems to me, that the price movement indicates a downside breakout with a slight pullback to dynamic support (the lower channel line). So, in the near future, we might witness the price dropping to the level of 27,800 - 27,500, followed by a minor upward correction, and then a decline to around 26,200, with a subsequent price rise to 27,800, and further decline below 25,000. Whether my forecast comes true will be revealed over time! Meanwhile, I would be interested to know how you are doing? Any success in trading? Feel free to share your predictions! Waiting for your comments! Always sincerely yours, Kateryna♥️
BITSTAMP:BTCUSD
by RocketBomb
19
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 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