Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders!
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773.
Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains.
For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy.
Here's to successful trading!
If you have any questions or need more insights, feel free to ask.
Artemcrypto
Bitcoin Analysis: Big and LongBitcoin has recently showcased its resilience, surging past the significant $31,000 mark. This breakthrough is not a mere coincidence; it's a part of a grander design in the crypto market.
If your preview is distorted here is image copy of this analysis:
Let's delve into the intricacies of this upward momentum:
1. Halving's Influence:
One of essential factors in Bitcoin's trajectory is the phenomenon of halving. Bitcoin halving events have historically influenced supply and demand dynamics, often leading to significant price rallies.
As we approach the halving period, this historic pattern adds an extra layer of confidence to the current bullish sentiment.
2. Impulse Structure and Rising Channel:
Bitcoin is painting a compelling picture on the daily timeframe. Within a substantial impulse structure, a rising channel is emerging.
This channel indicates a positive trajectory, reflective of market confidence.
3. Third Wave Speculation:
Within this structure, the market is now poised for what appears to be the third wave, a potentially substantial wave marked by extensions.
The current expectations are set on a retreat to $30,000, acting as a pivot point for the forthcoming surge, with the next ambitious target resting comfortably at $50,000.
4. Wyckoff Accumulation Pattern:
Bitcoin's strength lies in its Wyckoff accumulation pattern.
Though subtle, this continuous weakness exhibits a steady and robust progression, making it a quite unique pattern among other accumulation patterns (cup and handle, saucer etc).
5. Bollinger Bands Width Squeeze:
A striking observation is the Bollinger Bands width, reaching a low not witnessed since the market bottom of 2014.
This rarity accentuates Bitcoin's growth potential, serving as a strong indicator for investors.
6. Historical Comparisons:
By comparing the current market behavior with the patterns observed in 2015-2016, a striking resemblance emerges.
This historical congruence enhances our confidence in the ongoing trend, providing a solid foundation for the $50,000 target.
7. Institutional Interest:
With each positive move, the market gains momentum. It's not just individual investors; institutional players are also recognizing Bitcoin's potential.
The imminent approval of a Bitcoin ETF promises to be a game-changer. This financial instrument bridges the gap between traditional markets and cryptocurrencies, rendering Bitcoin accessible to a broader investor base. The ETF's advent not only signifies regulatory acknowledgment but also invites a wave of retail participation.
The anticipation is that as we approach the holiday season, institutional investors will further solidify this upward trajectory.
In essence, the recent surge beyond $31,000 signifies a strategic move in the crypto chessboard. As we navigate this rising channel, the road ahead holds promise, with the $50,000 mark gleaming on the horizon.
Adding to this momentum, RSI (Relative Strength Index) is showing both Bullish and Hidden Bullish divergence alongside the development of the rising channel. These signals align, painting a robust picture for Bitcoin's price increase.
Your support means the world to me! ❤️ Liking and commenting is a free, wonderful way to keep me motivated and help my work reach more enthusiasts like you.
Plus, I'm genuinely curious: which tokens/coins have piqued your interest lately?
Share your thoughts in the comment box below! Let's start a conversation!
Stay tuned!
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?!
It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
If you like my graphics, please use Like button 💙💛
* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A Trade Too Early
2) Most traders Exit Too Late
3) Most traders Don’t Follow a Risk Management
Here is list my tips to help you to get in profit:
Bulls Whispers: How 2015's Ghosts Haunt BitcoinLooking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved.
A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.
What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BITSTAMP:BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023.
Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
THETA Token Approaching Reversal Point.#THETA / USDT: I've been tracking this pair for a while. Now, there's a new opportunity emerging, a chance to invest some free cash, as the price has fallen approximately -96% from its all-time high. Moreover, it's following two bullish patterns: the Falling Wedge and Bullish RSI Divergence.
These three factors could drive the price significantly higher, and the resistance levels validate this potential.
🎯 Nearest Resistances: 0.72 - 0.77 - 0.92 - 1.21 - 1.48
🛡️ I believe a stop loss below 0.57 could be a wise choice. However, don't be surprised if the price dips further into the 0.50 to 0.35 zone, which appears to be quite significant. Keep a close eye on it if we go below the 0.57 stop loss.
Stay tuned for more updates on this opportunity!
OMUSDT Potential Breakout Structure📊 BINANCE:OMUSDT is currently nestled in the tight base of a Falling Wedge pattern. Keep a close eye on the support level around 0.017, as a critical price to break sits at 0.024. Key resistances and upcoming targets are at:
🎯 Targets:
Target 1: 0.036
Target 2: 0.057
Target 3: 0.084
Target 4: 0.123
Regardless of the market situation, remember to use appropriate stop loss. A prudent approach is to set the stop loss below the support zone, with a weekly candle closing around 0.016 as a viable option.
Stay vigilant and keep an eye on the charts! 🚀
ChainLink The Great AccumulationHello dear traders! If you like my graphics, please use Like button 💙💛.
There exists a potential scenario wherein COINBASE:LINKUSD could undergo a substantial x4.6 surge between late 2023 and early 2024.
In the chart provided, you can observe the accumulation pattern, with the price action mirroring it remarkably accurately.
What strengthens this possibility is the ongoing robust accumulation phase that has been in progress since April 2022, spanning nearly 500 days.
Ethereum Update: Onward and Upward!Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further.
Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone.
Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.
ALGORAND is About to Explode!🚀 ALGO/USDT Potential Breakout Signal:
After a careful analysis of ALGO/USDT price action, it appears that a significant move is on the horizon. ALGO has recently broken out of a Falling Wedge pattern, and all signs point to an imminent bullish surge. The key price levels to watch closely are 0.102 and 0.108.
🎯 Mid-term Price Targets:
Target 1: 0.116
Target 2: 0.137
Target 3: 0.159
Target 4: 0.181
🛡️ Risk Management:
Consider initiating small spot buys as the price action develops. If the price experiences a temporary drop, consider Dollar-Cost Averaging (DCA) to achieve an average buying level. It's advisable to set a stop-loss just below 0.090 to manage risk and protect against potential pullbacks from this support level.
Stay tuned for updates as this promising move unfolds! 📈
I Find This Crazy Similar Price Action | Bitcoin to 50KHey everyone!
Check out my latest Bitcoin analysis!
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
As I delved into the charts, I couldn't ignore the uncanny resemblance between Bitcoin's 2023 price action and the post-halving period of 2020.
Take a look at this BITSTAMP:BTCUSD comparison:
Notice how the downtrend line is eerily similar in both position and angle. I'd love to hear your thoughts on this in the comments below!
KASPA a Technical Marvel Kaspa MEXC:KASUSDT is displaying an beautiful technical chart, showcasing a high degree of respect for key levels.
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The current price action forms a compelling Symmetrical Triangle , setting the stage for next move.
Let's jump into the details!
Key Support Levels:
$0.080
$0.093
$0.114
These support levels act as robust foundations, indicating potential bounce-back points in the event of a downturn.
Key Resistance Levels:
$0.143
$0.177
These resistance levels represent significant hurdles that Kaspa must overcome to move in a sustained upward trajectory.
The presence of a Rising Fibonacci Channel adds another layer to the chart's complexity, reflecting a dynamic uptrend environment . This suggests that Kaspa is in a phase of positive momentum, further enhancing its overall bullish outlook.
As the symmetrical triangle tightens its grip, we should closely monitor the breakout direction for potential trading opportunities.
Keep a watchful eye on Kaspa as it navigates through these critical levels, presenting exciting prospects for those attuned to the nuances of this technical masterpiece.
Bitcoin Rising, CEOs Falling: Legal Challenges | Crypto AutumnJust like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023.
Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance.
Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
KASPA USDT: Breakout Watch and ZonesHello dear traders! If you like my graphics, please use Like button 💙💛.
📊 MEXC:KASUSDT Update:
The next move hinges on the breakout direction. Watch closely:
Bearish Perspective: Keep an eye on the 0.044 level. If it crosses below, a selling wave might persist, breaking the Rising Wedge support line.
Bullish Perspective: Look out for the 0.056 level. If broken, it signals a potential upward surge, breaking the Rising Wedge resistance (as in late March).
Bull Targets:
Target 1: 0.067
Target 2: 0.072
Target 3: 0.076
Target 4: 0.081
Bear Targets:
Target 1: 0.031
Target 2: 0.020
Target 3: 0.014
Stay alert for these critical levels! 🚀💹
Simple Investing Strategy, Affordable for all!Hey! Everybody wants to get rich. But not many from us know what it takes. In this article let's discuss Investing income from annual percentage yield (APY) . Key point is the percentage of income can be different from your location, but lets make our calculations from 8.0% APY.
Why this strategy is Affordable for ALL? Well, for calculation I've used only $161 of monthly investing.
I understand for some person this is nothing, and for another it is a lot. But you can calculate your own affordable investing amount per month and use it. Consistency is the key!
Another point why its affordable, its because you don't need to have a lot of money at the beginning. You can start from minimal deposit allowed by service/fund/bank (APY provider) where you allocating your funds.
Please, note, this is simple and affordable investing strategy. But still THIS IS NOT 100% SAFE STRATEGY... There are several risks of losing your money after all. Mostly this risks depends on APY provider, so I recommend to change your APY provider over a time, and to secure your funds use multiple providers.
Let's see how we get this numbers and first of all it is important to keep consistency during all your investment journey. Remember, this way can make you millionaire and can create a fortune for your kids.
To understand how this works, let's see what is Compound Interest:
Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be principal is called compounding. Financials institutions vary in terms of their compounding rate frequency - daily, monthly, yearly, etc.
Your savings account may vary on this, so you may wish to check with your bank or financial institution to find out which frequency they compound your interest at. I used monthly compounding to calculate final value.
With savings accounts, interest can be compounded at either the start or the end of the compounding period (month or year).
Compound interest formula
Compound interest, or 'interest on interest', is calculated with the compound interest formula. Multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest.
This formula is base of all interest calculations. To get easier process of calculation, I have used online Compound Interest Calculator.
Best numbers we can get if we start investing early, but it happens we see right information too late, and we ask ourselves "Is it good time to start?" — I can say for sure, YES! Always good idea to start investing in your savings account. Trading is trading, but investing is a little different. You can invest in markets, or in savings accounts.
Now let's see "worst case" — you starting your investing journey at 40 years old.
How much you can earn on savings account until 60?
I have calculated it with calculator, and used only $161 investments/savings per month with APY of 8%.
You can see after 20 years of savings this amount of money (pretty much affordable for many people out there) you will get about $95,464 Final Value. Very impressive. Imagine if you can save more from your income each month... For example if you can save $1000 monthly, you will get $592,947 Final value after 20 years on your Savings Account.
Middle scenario — investing for 30 years on your savings account. Until 60 you can earn solid $241,547 Final value, investing only $161 per month!
Now if you can invest about $500 per month from your income you will get amazing $750,147 Final value.
And of course best scenario — start investing on savings account early from 20y.o. This way you can get $565,799 Final value by 60 y.o.
And if its possible to save more, let's say $250 monthly, you can get $878,570.30 Final value by 60 y.o.
So in order to get rich, you don't need to invest a lot of money. Just make you investments consistent, and improve your financial education.
Hope this article can inspire you to create your savings account and plan your future.
Best regards,
Artem Crypto
MASKUSDT Room for MovementBINANCE:MASKUSDT is showing promising price action with a significant breakout from the 2.513 level. Currently trading around 3.500, it appears poised for further upward movement.
Key Price Levels to Watch:
Support — 2.543
Resistance — 4.000
Target 1 — 4.620
Target 2 — 5.000
Target 3 — 5.500
The Fibonacci levels suggest potential price targets, with levels at 4.000, 4.620, 5.000, and 5.500. Keep a close eye on these levels as they can provide essential guidance for your trading decisions.
Remember to perform thorough analysis and manage your risk accordingly, so always trade with caution and consider setting stop-loss orders to protect your investments.
Stay tuned for updates!
Litecoin Solid Buy Signal!LTCUSDT located at support zone, this zone is proven to be solid buy opportunity in following years 2017, 2018, 2020. Now 2 years later, LTCUSD consolidating in this zone again, and it just made a breakout! I am hop in this running train and waiting for nice income during the move.
DORK LORD Painted Adam & Eve - Point to Buy?!Hello dear traders!
BITGET:DORKLUSDT is making waves on social media, and its price is forming an intriguing pattern that could trigger a significant surge for DORK LORD token.
💙💛. Guys, a simple reaction to this analysis works wonders!
It's a free way to show your support and keeps me motivated. 💙💛.
The community behind it is not only funny but also backed by influential figures. Check out these entertaining memes:
While the community is having a blast, let's focus on trading and investing.
Using technical analysis, we can establish a few price targets.
The current key resistance level is at 3141.
Once the price breaks through, I anticipate a substantial rally to levels around 4000 - 5400 - 7700.
Considering the current price is 2300, this presents an excellent opportunity for HODLERS.
😱 BITCOIN PRICE PREDICTION 2020/2021 😱 NEW PHASE ‼‼‼Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase
After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase.
3. Flat Zone Phase
After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase
4. Inverse Triangle Rise Phase
In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash.
5. Sudden Crash Phase
So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6.
6. Lack of Certainty Top
In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase.
NEW. 7. ATH Volatility Spike
In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started
8. Parabolic Rush Phase
So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :)
👉 What price do you think we will face during end of 2020 and in 2021?
Stay tuned, have a good profits
Appreciate your likes and subscriptions
This is Artem Crypto
Stacks STXUSDT Analysis: Breakout Point and ResistanceThe price action of BINANCE:STXUSDT (Stacks) presents an intriguing setup that resembles the Adam & Eve reversal pattern. Recent developments include a bullish breakout from a Falling Wedge pattern, suggesting potential upward momentum.
Key Target Levels:
Target 1: $0.53
Target 2: $0.57
Target 3: $0.59
Target 4: $0.64
Target 5: $0.68
Key Support Levels:
Support 1: $0.49
Support 2: $0.47
Support 3: $0.44
I anticipate a robust breakout with a possible pullback near the neckline before the next bullish swing.
Let's stay tuned! 🚀📊
5 RULES DISCIPLINED TRADERS FOLLOW 👨🎓Hey guys! In this article you will learn about 5 RULES DISCIPLINED TRADERS FOLLOW, let's dive in it!
But before you do so, make sure you follow my page and turn TradingView notifications ON! Let's go!
1️⃣ Follow Financial Plan, Do Not Go All In
A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for every buy or sell entry.
Do not go all in! Want to lose most or all of your money real fast? Make outsized trading bets, like a roulette player betting it all on red or black.
In fact, big trading bets are a form of gambling.
So avoid gambling, stop going “all in” in single stock or coin.
Start planning your investments, invest in the long-term at least 10% of your income every month in markets and other assets. If you invest a certain amount every month, you are buying shares in good times as well as bad times.
In good times, the value of your shares increase. If you keep your cool and stick with the plan even when the market is down, you get more shares for your money. These additional shares boost investment returns when the market rebounds.
This is a big part of the reason why regular stock investors get a higher long-term return compared to safer investments despite the temporary ups and downs in the market.
A long-term investor has a minimum of a 20-year time horizon; this time frame enables them to avoid playing it safe and to instead take measured risks, which can ultimately pay off in the long run.
2️⃣ Treat Trading Like A Business
To be successful, you must approach trading as a full- or part-time business, not as a hobby or a job.
If it's approached as a hobby, there is no real commitment to learning. If it's a job, it can be frustrating because there is no regular paycheck.
Trading is a business and incurs expenses, losses, taxes, uncertainty, stress, and risk. As a trader, you are essentially a small business owner and you must research and strategize to maximize your business's potential.
Think in Long term – Don’t trade like you are going to retire tomorrow
Have a Clean Trading Office That inspire you
Have a trading Plan for Your Trading Business
Don’t Present Yourself all Over the Market – Have a Proper EDGE over the Market
Have a Strict Daily Trading Routine & Follow it Continuously
Always Protect Your Trading Capital
Have Solid Trading Journal
3️⃣ Don't Trade Everyday
You don't have to open trades every day
Beginners tend to think that professional traders open their trades every day. But this is not true. Professional traders wait for good trading opportunities and only then enter the market.
Some days there will be no good trading opportunities. Sometimes the volatility will be too low, and you simply will not be able to take more or less decent profits. Sometimes, on the contrary, the volatility will be too high, and you will not be able to open your trades safely. There can be many different reasons in the market when it is best to refrain from trading.
Experienced traders know when to sit back and just wait. At the same time, most novice traders constantly open new positions because they think they should trade. But in the end, they make bad trades and constantly suffer losses.
If you don't find valid good entry points, but still open new trades, you will lose much more money than if you had the patience and stayed out of the market.
4️⃣ Accept Losses, Losses = Learning
It is much more useful to accept the fact that losses are the norm rather than the exception. It is also vital to define your potential losses before you enter any trade. Define your possible loss, or risk, in comparison to your possible reward, or profit. It is also vital that you don't take losing personally.
5️⃣ Risk Only What You Can Afford to Lose
Let the profits flow and cut the losses. This idea is one of the most common among traders.
As George Soros said:
It doesn't matter if you're right or wrong. What matters is how much you earn when you are right and how much you lose when you are wrong.
The key to trading success is to grow your profitable trades.
Traders who are afraid of losing their money often stop paying attention to the market situation and become too attached to the current profit. They make their decisions about open positions based only on the fear that the price will not reach their profit.
We know that unfixed profits still belong to the market. But once you start cutting back on your winning trades, you also cut your risk to reward ratio.
Of course, sometimes the market will give you less profit than you bargained for. And that's okay. To trade successfully, you must free the market and stop restricting it.
But if you are trading with money that you fear losing, you will not have that luxury. Instead, you will be afraid of losing your accumulated profits and you will not be able to sit back and let the market do its job.
The beauty of using multiple risk-reward ratios is that you can ignore your winning ratio and still make good money. If you reduce this ratio, you are faced with the need to make a high percentage of profitable trades in order to make a profit. Basically, you yourself are reducing your chances of achieving success.
Stay tuned for further updates!
Always learn, never give up!
Best regards
Artem Shevelev
How to Use Divergence
Hey traders!
RSI divergence, a key concept in technical analysis, occurs when the relative strength index (RSI) of an asset shows different patterns compared to its price movements.
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Bullish Divergence:
In a bullish divergence, the RSI indicates the asset is oversold, forming higher lows, while the price action forms lower lows. This signifies a shift from selling pressure to buying interest. The sellers' last attempt to control the market is met with increasing buying volume.
Bearish Divergence:
Conversely, in a bearish divergence, the price achieves higher highs, reflecting the final push from buyers, while the RSI forms lower highs. This classic overbought scenario signals potential reversal as buyers lose momentum.
These divergence patterns provide reversal signals, whether in trending or ranging markets. It's essential to note that relying on a single strategy is not sufficient for consistent profits, however combining various strategies and setups enhances your win rate. Always trade with a risk level that aligns with your financial capacity.
Share Your Insights! Which indicator do you prefer for identifying divergence? Let me know in the comments below.