Understanding the BTC/USDT Movement
1. Price Movement (Trend):
The chart shows a strong upward movement where the value of BTC increased significantly.
After the rise, the value moved sideways, indicating a phase where the market is unsure of the next move.
Key Takeaway:
When the value moves upward with strength, it indicates that more people are interested in buying than selling. A sideways movement after a rise suggests that people are waiting to see what happens next.
2. Volume Fluctuations:
During the increase, the amount of trading activity (volume) also increased.
After the price reached a high point, the activity reduced, showing that people became less active in buying or selling.
Key Takeaway:
High activity during a rise means that many participants support the move. A decrease in activity while the value moves sideways shows hesitation or a pause in strong actions.
3. Important Price Points (Levels):
The value faced challenges moving beyond the $103,600 area, showing that many people were willing to sell or take profits there.
The $102,800 area acted as a point where the value stopped decreasing and started increasing again.
Key Takeaway:
When a value struggles to move past a certain point, it shows resistance. A point where the value stops falling and rises again shows support. Watching how the value behaves at these points helps in understanding the market’s sentiment.
4. Consolidation Phase:
After the sharp increase, the value entered a sideways pattern, where it moved within a limited range.
Key Takeaway:
This phase indicates that participants are waiting for more information or a signal to decide whether to continue buying or selling. It’s often a time when the market gathers strength before the next movement.
Planning an Entry:
Wait for a Strong Move:
If the value clearly moves above the $103,600 area, it shows continued interest in buying.
A move below $102,800 may indicate increased interest in selling.
Observe Activity (Volume):
Increased activity during an upward movement suggests strength.
Decreased activity might signal that the movement is losing support.
Manage Your Actions:
Always set a limit for potential losses to protect your balance.
Plan to secure profits if the value moves as expected
1. Price Movement (Trend):
The chart shows a strong upward movement where the value of BTC increased significantly.
After the rise, the value moved sideways, indicating a phase where the market is unsure of the next move.
Key Takeaway:
When the value moves upward with strength, it indicates that more people are interested in buying than selling. A sideways movement after a rise suggests that people are waiting to see what happens next.
2. Volume Fluctuations:
During the increase, the amount of trading activity (volume) also increased.
After the price reached a high point, the activity reduced, showing that people became less active in buying or selling.
Key Takeaway:
High activity during a rise means that many participants support the move. A decrease in activity while the value moves sideways shows hesitation or a pause in strong actions.
3. Important Price Points (Levels):
The value faced challenges moving beyond the $103,600 area, showing that many people were willing to sell or take profits there.
The $102,800 area acted as a point where the value stopped decreasing and started increasing again.
Key Takeaway:
When a value struggles to move past a certain point, it shows resistance. A point where the value stops falling and rises again shows support. Watching how the value behaves at these points helps in understanding the market’s sentiment.
4. Consolidation Phase:
After the sharp increase, the value entered a sideways pattern, where it moved within a limited range.
Key Takeaway:
This phase indicates that participants are waiting for more information or a signal to decide whether to continue buying or selling. It’s often a time when the market gathers strength before the next movement.
Planning an Entry:
Wait for a Strong Move:
If the value clearly moves above the $103,600 area, it shows continued interest in buying.
A move below $102,800 may indicate increased interest in selling.
Observe Activity (Volume):
Increased activity during an upward movement suggests strength.
Decreased activity might signal that the movement is losing support.
Manage Your Actions:
Always set a limit for potential losses to protect your balance.
Plan to secure profits if the value moves as expected
I Will Sharing Personal Entries &How Trades.
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So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I Will Sharing Personal Entries &How Trades.
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.