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#Bitcoin: Is making rising wedge pattern!In the daily timeframe, BITSTAMP:BTCUSD is currently exhibiting a rising wedge pattern If it goes as per the pattern, then technically, we can see a drop up to 35k. 50MA is working as a strong support level, with 42k and 40k as support. For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level. There will likely be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs. LET'S MAKE IT SIMPLE It is crucial to pay attention to the daily candle closings. A bullish scenario may be considered if there is a breakout and a close above the $44k resistance level. On the other hand, a breakdown below FWB:42K in the daily timeframe will confirm a bearish pattern. #DYOR #NFA
by CRYPTOMOJO_TA
10
Unveiling the 2024-2025 Price Revolution Post-HalvingIntroduction: In anticipation of Bitcoin's fourth halving scheduled for April this year, let's delve into historical price patterns to assess potential heights Bitcoin might reach in the years 2024-2025 and when the anticipated start of the next bull run may occur. Historical Analysis: First Halving (28-11-2012): A year before this event, Bitcoin was modestly priced at $2.48. As the market turned bullish, it climbed to $12.20 at the halving and continued its ascent. A year later, it peaked at $1,131. Second Halving: Before this halving, Bitcoin had fallen to $269 but rebounded to $650 by the time of the event. It soared for about a year post-halving, reaching an impressive $2,518. Third Halving: The cycle repeated, with Bitcoin dropping to $7,255 before the third halving. It then modestly rose to $8,762 at the halving and significantly surged to $56,615 a year after. Analyzing the Fourth Halving: The fourth halving is expected in April this year in the current cycle. A year before this date (April 2023), Bitcoin had an uptick to $31,000. This suggests a strong likelihood of a substantial rise post the fourth halving, potentially lasting until April-August 2025 and surpassing the previous high of $69,000. Key Takeaway: Bitcoin's price behavior exhibits remarkable consistency around each halving. It gradually begins to rise a year before the halving and continues for 12-16 months post-halving, reaching new peaks before entering a bearish phase. Investment Strategy: For long-term investors, understanding these patterns is crucial. The peak for this cycle might be between April - August 2025. It would be strategic to start exiting the market gradually at this point. Conclusion: As we analyze historical patterns, Bitcoin's potential trajectory in the coming years appears promising, emphasizing the importance of strategic investment decisions in light of the upcoming halving event.
BITSTAMP:BTCUSDLong
by CRYPTOMOJO_TA
5
Riding the Upswing: #AVAX Long Trade Setup with Entry Strategies#AVAX long trade setup: Entry Point: Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions. Additional Entry: Add more positions up to $37.4. This level is identified as a potential strategic buying opportunity. Target Prices: Set specific target prices at $41.5, $43.2, $44.7, $47, and $50. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): Implement a mandatory stop-loss at $35.45. This level is chosen to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside. Leverage: The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care. Cautionary Note: Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice. In summary, the recommendation outlines a long trade setup for #AVAX, providing specific entry points, target prices, and a mandatory stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
Long
by CRYPTOMOJO_TA
2
A Tactical Approach to #BLZ/USDT Trading with Strong Support!#BLZ/USDT pair: Technical Analysis: Strong Support Level: The current scenario indicates that BJD is above a strong support level, suggesting a potential rebound in the price. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the strong support level. Additional Entry: Add more positions if the price drops to 0.3307, using this level as an additional buying opportunity. Target Prices: Set specific target prices at $0.37540, $0.4, $0.43, and $0.49. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at 0.3205. This level is chosen to limit potential losses in case the market doesn't move as expected. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6, indicating a favorable ratio. This means that for every unit of risk (1), there is the potential for six units of reward. Cautionary Note: Emphasizes the importance of exercising caution with leverage and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to avoid significant losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, and clarifies that the provided information is not financial advice. In summary, the recommendation suggests a bullish stance on #BLZ/USDT based on the strong support level. It provides specific entry points, target prices, and a risk management strategy, while also advising caution with leverage and emphasizing the importance of conducting personal research. As always, the information provided is not financial advice.
BLong
by CRYPTOMOJO_TA
#SSV Breakout Confirmation, Retest in Progress!🚀 #SSV Update 📈 In the daily timeframe, #SSV has beakout this Big cup and he and pattern currently in the retest phase. The price is anticipated to sustain its upward trend, aiming for previous highs. Currently trading in the Buy Zone, a bullish momentum is on the horizon. 🔍 Entry: Plan to buy in CMP and add to this retest 🎯 Targets: TP1: 40$ TP2: 45$ TP3: 53$ TP4: 74$ 🛑 SL: Close below this green horizontal support on a daily candle. Remember to DYOR! 🚀
Long
by CRYPTOMOJO_TA
"CYBER/USDT Long Trade Alert 🚀: Bull Flag Breakout and Retest A"CYBER/USDT Long Trade Alert 🚀 CYBER broke out of a Bull Flag Pattern and is currently retesting. Entry: Current Market Price (CMP). Add more if it drops to $7.548. Targets: $8.7, $9.45, $10.2, $11.5, $13. Stop Loss (SL): $7.075 to limit potential losses. Leverage: Use 5x to 10x cautiously. R:R (Risk-Reward Ratio): 1:6 (Lucrative). Use leverage wisely and be conservative to manage risks. DYOR (Do Your Own Research). This is not financial advice. #CYBER #USDT #CryptoTrading"
Long
by CRYPTOMOJO_TA
1