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BULLUSD trade ideas

BTC LONG TP:111,000 21-01-2025A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.""A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.
CRYPTO:BTCUSDLong
by ReyDragon21
Mastering Bearish Patterns: Trade Like a ProMastering Bearish Patterns: Trade Like a Pro Bearish patterns are critical tools for traders aiming to anticipate potential downward price movements in financial markets. Here's a complete explanation of some key bearish patterns: 1. Descending Triangle Definition: The descending triangle is a bearish continuation pattern that forms when the price makes lower highs while maintaining a horizontal support level. This indicates that sellers are gaining strength, and buyers are struggling to maintain the price. Key Features: Lower highs form a descending trendline. A flat support line at the bottom. Typically breaks downward when support is breached. How to Trade: Enter a short trade when the price breaks below the horizontal support with significant volume. Place a stop-loss above the most recent lower high. Target the height of the triangle projected downward from the breakout point. 2. Head & Shoulders Pattern Definition: This classic reversal pattern signals a shift from an uptrend to a downtrend. It consists of three peaks: a higher central peak (head) flanked by two lower peaks (shoulders) and a neckline acting as support. Key Features: Left shoulder, head, and right shoulder. Neckline connects the lows of the shoulders and head. A break below the neckline confirms the pattern. How to Trade: Enter a short trade when the price breaks below the neckline. Place a stop-loss above the right shoulder. Measure the height from the head to the neckline and project it downward for the profit target. 3. Bearish Flag Pattern Definition: The bearish flag is a continuation pattern that occurs after a strong downward move. The "flag" represents a period of consolidation, and the breakout typically continues in the direction of the prior trend. Key Features: A steep downward move (flagpole). A parallel, upward-sloping consolidation channel (flag). Breaks downward from the flag. How to Trade: Enter a short trade when the price breaks below the flag’s lower boundary. Place a stop-loss above the flag’s upper boundary. Target the length of the flagpole projected downward. 4. Symmetrical Triangle Definition: A symmetrical triangle forms when the price consolidates with lower highs and higher lows, creating a triangle shape. Though this pattern can break in either direction, it often signals a continuation of the prior trend, making it bearish in a downtrend. Key Features: Converging trendlines. Price oscillates within the triangle. Breaks in the direction of the prevailing trend. How to Trade: Enter a short trade when the price breaks below the lower trendline. Place a stop-loss above the upper trendline. Target the height of the triangle projected downward. 5. Double Top Pattern Definition: The double top is a bearish reversal pattern that forms after an uptrend. It features two peaks at roughly the same level, separated by a trough. Key Features: Two similar highs. A neckline at the trough level. A break below the neckline confirms the pattern. How to Trade: Enter a short trade when the price breaks below the neckline. Place a stop-loss above the second peak. Measure the height between the peaks and the neckline and project it downward for the target. 6. Up Channel Pattern Definition: An up channel, also known as a rising channel, is a bearish reversal pattern when it forms in a larger downtrend. The price moves within two upward-sloping parallel trendlines before breaking downward. Key Features: Parallel upward trendlines. Lower lows and higher highs within the channel. Breaks below the lower trendline. How to Trade: Enter a short trade when the price breaks below the lower boundary of the channel. Place a stop-loss above the upper boundary. Target the height of the channel projected downward. 7. Triple Top Pattern Definition: This bearish reversal pattern forms after an uptrend and consists of three peaks at roughly the same level, indicating that buyers are unable to push the price higher. Key Features: Three similar highs. A neckline at the lowest trough between the peaks. Breaks below the neckline to confirm. How to Trade: Enter a short trade when the price breaks below the neckline. Place a stop-loss above the highest peak. Measure the height from the peaks to the neckline and project it downward for the target. 8. Bearish Rectangle Pattern Definition: A bearish rectangle is a continuation pattern where the price consolidates between two horizontal levels before breaking downward. Key Features: Horizontal support and resistance lines. Price oscillates within the rectangle. Breaks below the support line. How to Trade: Enter a short trade when the price breaks below the support line with volume. Place a stop-loss above the resistance line. Target the height of the rectangle projected downward. 9. Inverted Cup & Handle Pattern Definition: This bearish reversal pattern resembles an upside-down cup with a handle. The "cup" forms a rounded top, and the "handle" represents a consolidation phase before the breakdown. Key Features: Rounded top (cup). Slight upward-sloping consolidation (handle). Breaks downward from the handle. How to Trade: Enter a short trade when the price breaks below the handle’s lower boundary. Place a stop-loss above the handle. Measure the height of the cup and project it downward for the target. By mastering these bearish patterns, traders can anticipate price movements and execute informed trades with confidence. Practice identifying these patterns on charts and combine them with other technical tools for optimal results.
BITSTAMP:BTCUSDEducation
by GentleGoldenEngine
33
BITCOIN What if its Parabolic Growth isnt meant to last forever?Well you might have expected by reading the title that I meant the opposite, Bitcoin's parabolic growth to stop at some point. Well even though that's likely, this multi year chart comparison with Nikkei shows that Parabolic Growths some times break to the upside to an even more 'maniacal' phase. Hard to believe but Nikkei, the biggest most recent stock market bubble in history is a living example. It was rising parabolically since the 1950s along with Japan's heavy industrial economy. The heavy export country, reached a transition phase in the early 1980s with highly revolutionary tech companies exporting goods all over the globe. The stock market broke above its parabolic curve exponentially in late 1983 - early 1984 and peaking on December 1989. This may be what BTC's massive adoption may look like. A break above its established parabolic curve, which practically no one expects to ever break to the upside. That will be Bitcoin's 'Mania Phase'. How long it can grow and what price it can reach (if it ever does of course) no one knows. But what this comparison shows, is to keep an open mind and no matter how expensive Bitcoin may look at the current price, there is always the potential for (much) higher. Every investor's portfolio should include at least a small portion (2-5%) of BTC for a decade-long horizon. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
1
Know when to take profits in this final BTC rallyAs posted in March 2024 about the upcoming 3rd BTC rally. The 3rd rally has been a strong one so far, but the music is slowly fading and its about to end. For now, the LTF price action is shifting towards bearish. If this wave is not extended soon, we are on our way to 80k territory which would be the best case scenario. Otherwise it will be the start of bear rally pushing us near 50-60k. The lower range shown in chart should be marked on alert to know when to exit from this rally while staying in profits.
BINANCE:BTCUSD
by syedhamza2135