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RENDER / Bitcoin

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RENDERBTC trade ideas

Pattern and Structure This image provides a visual guide to key chart patterns and market structures in Forex trading. It emphasizes the importance of understanding how these patterns form and how price action influences market movements. The chart showcases several common patterns: 1. Bearish Channel: Traders are advised to buy at the retest after a breakout from the channel. 2. Double Bottom: This reversal pattern suggests buying after the confirmation of the second bottom or the breakout. 3. Rising Wedge: A bearish continuation pattern where selling is recommended after a breakout. 4. Flag Pattern: This continuation pattern typically occurs after a strong price move. The image suggests buying after the breakout. 5. Inverted Head and Shoulders (H&S): A reversal pattern signaling a potential bullish move, with a buying opportunity after the breakout. 6. Symmetrical Triangle: This pattern can break either way, but the focus is on buying at the retest after an upward breakout. The psychological level plays a significant role, as it represents critical zones where market sentiment often shifts. The chart encourages re-entry after successful retests in bullish patterns. This comprehensive structure helps traders enhance their technical analysis skills and make informed decisions.
Education
by unichartz
Render Token (RENDERBTC) Enters Bullish ZoneThis is another one of the best performing pairs in the whole market. We are looking at Render Token through its Bitcoin pairing: RENDERBTC. This week is the fifth green week and RENDER is moving above EMA55. EMA89 was already conquered as resistance last week and this puts Render Token in the bullish zone. A major correction happened this year lasting 8 months, from March through November 2024. The correction stopped below 0.618 and above 0.786 Fib. retracement levels. Classic support range. The fact that RENDERBTC is now trading back above 0.618 Fib. retracement for the entire 2022-2024 bullish phase, confirms this pair being in the bullish zone. The highest buy volume this week since January 2023 is also a very strong positive signal and strengthens the signals already mentioned. We are entering a new and strong major bullish-phase. After 8 months of correction, we can expect years of growth to follow next. Some easy targets are shown on the chart... I am wishing you great-profits, good-health, huge-wealth and high-success. Thank you for reading. Namaste.
Long
by AlanSantana
Render | Trade Time Duration Part 2 (Mid-term)A three months wait is not a long time, it is actually pretty quick. Whoever has a reaction when thinking of three months, thinking that it is too long in relation to trading, tend to lose everything within three weeks. And this is the situation we are in... To achieve success trading spot, we have to be patient, patience is key. The mid-term time-duration lasts between 30 and 90 days, between 1 and 3 months. The longer the time horizon, the easier the trade. Imagine how refreshing it is for your mental health knowing that you don't have to do anything after you buy, the only requirement is to wait. It is actually quite appealing. If for whatever reason you are part of the group that thinks this is too long and, "need money fast," then don't trade. If you can't make money slow, you can't make money fast. If you cannot appreciate $100, you won't be able to keep $1,000. If you don't have the capacity to double-up with $10 USD, you will not have the ability to double-up with $10,000 USD. Most beginners are under the impression that if only they had more money, if only they had enough they would be able to win big. The truth is that most people have been trading for years and only losing for years until they quit. This is the majority of people. There are two groups. Those that enter at the rush, like in early 2024. These come in and start losing for months until all their capital is gone. The second group starts good, they enter at the bottom and the market does great. They make tons of money and soon become "traders" and start to gamble it all away. After years of damaging their mind, hurting their soul and their health, they quit with nothing left. I have many people messaging me telling me that they lost it all; for some it took years but for others it took months. No leverage, no margin = no risk. Buy and hold. These groups are the losers of course, there are also winners but winners can wait patiently and thus have no problem with a time duration for a trade of 1-3 months. That is why I don't mention those. When we say mid-term, we refer to a time horizon of up to 90 days. A mid-term chart/trade setup can start moving within days and even grow strong, but this is only the projection we make, the market will move in whatever way it wants. We cannot push the market, we cannot move a pair; the only thing that we can do is to learn to be patient, diversify and wait. The next trade-idea will be regarding the long-term: Long-term trades, analyses and chart projections. Thank you for reading. Namaste.
by AlanSantana