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Moon is near 🚀Hello, everyone! 🩷Have we finally made it? Is Bitcoin really about to surpass all previous highs? 🙏We’ll find out very soon, and I think it’s quite possible! Fingers crossed! 🤞 Bitcoin is rapidly gaining momentum, and this is a great signal that we are on the right track! Many of you have seen my chart where I analyzed some price movement algorithms, and we are currently continuing the growth phase. For those who haven’t seen it yet, make sure to check it out by clicking on the post.👇 As for the current situation, what do we see on the chart? The price broke out of the triangle upwards and tested it, indicating an organic movement, followed by further growth. What can we expect next? We anticipate continued growth to levels of 🟢 74,000 - 78,000 in the short term, and in the medium term, 🟢 82,000 - 87,000! If You’re also interested in learning how to trade the triangle pattern, You can find a detailed description in my post below. Learn and trade smart! 👇 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BINANCE:BTCUSDLong
by RocketBomb
6
Ethereum 1d by RB🧐 Hello, dear friends! Today, let's take a look at the Ethereum/Dollar chart!💥 On February 25th, the last line of the descending trend was broken upwards, as indicated by the blue circle - that's serves as an excellent signal for further growth. The question now is when to expect a correction? And how deep will it be?🧐 The next strong resistance levels are 3590 - 3980! Reaching these levels, the price may start a correction for further growth. The depth of the correction will depend on further price formations, so I will update the chart accordingly! Thanks for Your attention. Stay tuned!🫶 Sincerely Yours, Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
2
BTC Gaining Momentum💥Hey guys, Keep an Eye on the Inverted Head and Shoulders Pattern!💥 It's time to stay vigilant as Bitcoin gains momentum. The inverted head and shoulders pattern remains in play, signaling potential bullish movement ahead. If Bitcoin manages to break through the crucial 65,650 level, it could serve as a significant signal for the bullish trend, indicating a possible victory over the bearish trend. We can see 70 000 - 71 000 soon! Don't forget to keep an eye on this fractal for potential insights into market behavior. 👇 Stay tuned for more updates and analysis! Always Yours, Kateryna💙💛
BINANCE:BTCUSDLong
by RocketBomb
3
BTC on 9 h vs 1h charts💥Hello, friends! 🩷 Bitcoin is once again hovering and teasing us with its movement. 😏You might think it's stuck just like it was a few months ago, when we anticipated a price drop, but in my view, there are some differences that I'll try to describe in this post.👇 For clarity, I divided our chart into two parts - the left side showing the 9-hour timeframe, and the right side showing the hourly timeframe. 👐On the longer timeframe - the left side - we see that the price has broken out of the triangle upwards. Many of You, seeing a fake breakout from the same triangle before, might rightfully ask,<< could this be another fakeout?>> In my opinion - no, because the price has already consolidated sufficiently above. So, we have a breakout of the triangle. 👐Now, let's move to the chart on the left - the hourly one! There we see our breakout with the price formed in more detail! We can observe impulsive movements and the formation of a short-term channel, looking at which we can expect the price to rise to the 67,500 level. Then, we may either continue forming this channel by lowering the price to 66,100 and then rising again to 67+. I think this will be the accumulation period before the moon flight:)) What do You think?😎Write Your thoughts in the comments. Also, here's my educational post on trading channels, by the way, take a look😘 👇👇👇 Thanks for Your attention💋 Always sincerely Yours, Kateryna💙💛
BINANCE:BTCUSDLong
by RocketBomb
2
▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️ This trading method was developed by Richard Wyckoff in the early 1930s. It consists with series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life experience for studying market behavior, and his work still influences much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although initially it was focused only on stocks. Richard has conducted a large amount of research that has led to the creation of several theories and methods of trading. This article provides an overview of his work and includes three fundamental laws. ✔️ Three Laws of Wyckoff ✔️ 1️⃣ Law of supply and demand The first law states, that the value of assets start rising when demand exceeds supply, and accordingly falls in the opposite direction. That's one of the most basic principles in the financial markets, that Wyckoff doesn't rule out in his writings. We can represent the first law as three simple equations: 📍 Demand > Supply = price Max; 📍 Demand < supply = price falls; 📍 Demand = supply = no significant price change (low volatility). In other words, Wyckoff's first law suggests, that an excess of demand over supply causes prices to rise because there are more buyers than sellers. But in a situation where there are more sales than buyers, and supply exceeds demand, it indicates a further drop in value. 2️⃣ Law of Cause and Effect The second law states, that the differences between supply and demand are not a coincidence. Instead, they reflect preparatory actions resulting from certain events. In Wyckoff's terminology, an accumulation period (cause) eventually leads to an uptrend (effect). In turn, the distribution period (cause) provokes the development of a downtrend (consequence). 3️⃣ The law of connection between efforts and results Wyckoff's third law states, that changes in price are the result of a collective effort that's reflected in trading volume. In the case when the growth in the value of an asset corresponds to a high trading volume, there is a high probability that the trend will continue its movement. But if the volumes are too small at a high price, the growth is likely to stop and the trend may change its direction. ❗️❗️❗️ For example, let's imagine that the Bitcoin market starts consolidating with very high volume after a long bearish trend. High trading volumes indicate great effort, but sideways movement (low volatility) suggests little result. If a large amount of bitcoin changes hands and the price does not fall significantly, this may indicate that the downtrend may be ending and there will be a reversal soon. You can find more my educational posts by hashtag #rocketbombeducational (You can click it under the pic of this post) Thanks for your attention I'll be glad to see your feedback Sincerely yours Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
42
3 Tips Can Help You Boost Your Trading Whether we're tinkering with our demo accounts or playing with a few dollars in our live accounts, it's never been far from our minds that our accounts will go big in the future. Unfortunately, many traders struggle with taking the next step and trading larger positions. Some find it difficult to risk losing the small profits they've worked hard for over the last few months, while others simply can't stomach risking larger positions. Taking on more risk has its benefits. But be cautious...!!! While increasing your risk can result in bigger wins, it can also magnify your losses and wipe out your entire account. To help you avoid the pitfalls of big trading, I'm sharing three simple tips for increasing your risk: 📌 1. Be sure that you are in the green zone. Don't even consider increasing your risk if you're not consistently profitable with small trades. If you can't trade small positions successfully, what makes you think you'll be able to trade larger ones? If you believe you are prepared but your account is still in the red, prioritize getting it back into the black. That's why demo and small accounts exist. Continue to trade small positions until your performance justifies trading larger ones. After all, you don't want to compound your losses by taking larger positions. 📌 2. Go slowly and steadily. Just as you wouldn't rush into fighting elite world champions after your first boxing lesson, you shouldn't rush into increasing your trading size. Do you want to bite off more than you can chew? The key to becoming comfortable with taking a larger risk is to gradually increase the size of your positions. If you're not completely comfortable with the level of risk you're taking, it will most likely be reflected in your account balance. Rather than making a big jump, aim for small, steady increases. It will have a less negative impact on your trading mindset and will allow you to adjust to larger risks more smoothly. 📌 3. Pay attention to percentages rather than dollar amounts. I'll reveal a little trading secret that will assist you in adjusting to larger trading sizes: Concentrate on percentages rather than dollar figures. A 1% risk on a $10,000 account is the same as a $100 risk. Risking 1% on a $100,000 account, on the other hand, is equivalent to risking $1,000. You can trade larger by risking the same percentage on a larger account. When you focus on percentages, it also helps to put profits and losses into proper perspective. Losing 1% on a $100,000 account will feel very similar to losing 1% on a $10,000 account. However, when expressed in raw dollar terms ($1,000 versus $100), it is much more difficult to swallow. If you take it slow and steady, and focus on percentages rather than dollar amounts, you should be able to smoothly transition to trading larger trading positions. Above all, don't increase your risk if you're not already consistently profitable trading small. Thanks for Your attention! Always yours Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
29
XRP cool opportunity🚀 Hey traders! Let's dive into an exciting opportunity on XRP. It appears that XRP has been forming a triangle pattern since 2017. This signals potential for a significant breakout!🚀 🎯 Buy-In Levels: 0.5 - 0.6 🎯 Considering the current market dynamics, it might be a strategic move to accumulate XRP within the range of 0.5 to 0.6. These levels offer favorable entry points for traders looking to capitalize on the impending breakout. 💰 Profit Targets: 0.93 - 1.23 - 1.57 - 1.89 - 2.8 💰 Once XRP breaks out of the triangle pattern, we anticipate notable price movements. Set your profit targets at 0.93, 1.23, 1.57, 1.89, and 2.8 to secure gains at various levels. 🛑 Stop Loss: Below 0.13 🛑 As with any trade, risk management is crucial. Place your stop-loss orders below 0.13 to protect your capital in case the market moves against us. Remember, trading involves risks, so always perform your own analysis and use risk management strategies. Stay informed, stay disciplined, and seize the opportunities! Happy Trading! 🚀 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:XRPUSDLong
by RocketBomb
3
The cyclic nature of Bitcoin's price Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating phases of appreciation and depreciation. These fluctuations stem from the perceptions and actions of market participants, involving buying and selling, and are influenced by various factors including market sentiment, regulatory shifts, technological advancements, and broader economic conditions. Historically, Bitcoin has adhered to a four-year cycle closely tied to Bitcoin halving events, occurring roughly every four years. A halving event entails a 50% reduction in the Bitcoin reward miners receive for validating transactions; consequently, the rate of Bitcoin supply growth slows down. This often triggers a significant price surge, assuming the demand for Bitcoin either remains constant or increases post-halving. The upcoming halving is slated for April 2024, where the block reward will decrease to 3.125 bitcoins. The chart below illustrates the cyclic nature of Bitcoin's price and its historical patterns. What Constitutes the Phases of the Bitcoin Market Cycle? Phase 1 – Accumulation This phase emerges when prices are low, yet there are early indications of growth. It's a period where buyers accumulate Bitcoin at lower prices, representing a pinnacle of financial opportunity. Typically, bearish sentiment prevails in the market, resulting in low trading volumes and prices fluctuating within a narrow range, often near the bottom. Phase 2 – Continuation (growth) During this phase, the price continues its ascent towards the all-time high. Historically, a halving event occurs here, coinciding with diminishing exchange reserves as buyers stockpile supply in anticipation of surging prices and new record highs. Phase 3 – Parabolic (bubble) As the price surpasses the previous all-time high, it begins to rise exponentially, leading to a new all-time high that significantly exceeds the previous peak. This phase is marked by extreme volatility, with rapid price spikes followed by substantial corrections. Sell volume increases as some investors lock in profits, while others continue buying, believing the bull market has further potential. Consequently, price volatility diminishes as buying and selling volumes begin to balance, amid a backdrop of overconfidence. Many investors may perceive the Fear & Greed Index as signaling Extreme Greed during this phase. Phase 4 – Correction (crash) Following the euphoria of the Parabolic phase, the market undergoes a major downward correction. Previous bear market periods have witnessed approximately 80% drawdowns from the peak, with negative price movements lasting for roughly a year. For instance, the most recent downturn saw Bitcoin's price plummet from an all-time high of $69,000 (November 2021) to $15,476 (November 2022). What maximum price of Bitcoin do you expect this or next year? I hope You found it interesting. If yes, boost this post 🚀 so others can see it too, and subscribe to stay connected. Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
8
The key to understanding movements🔐Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see it. And that's what we'll do together now.😊 Let's take a look at the weekly Bitcoin chart👀 Every trader can see something of their own. The most striking thing is the ascending trendline under which triangles are depicted. Each triangle is a cycle. In it, I discovered an interesting pattern, that I want to share with You. I have highlighted the pattern on a white background on the left side of the chart.📊 Even before the formation of the triangle, the price forms an accumulation zone (orange 🟠 color), then goes through a distribution phase (red 🔴 color), then there is a 100% growth 🟢, after which the price corrects by 30%, and then comes the final phase - parabolic growth. This is where the bull market ends. Then comes the bear time, and the price forms a descending triangle trend for several years. In addition to what I have depicted on the chart, it is important to consider such factors as: ▪️ Fundamental analysis: Understanding economic, political, and social factors influencing the market helps predict its movement. This may include data on interest rates, inflation, unemployment, geopolitical conflicts, and other events. ▪️ Technical analysis: Analyzing charts and statistical data helps identify patterns and trends in price behavior. This includes using various indicators, chart patterns, and support and resistance levels. ▪️ Market sentiment: Understanding the moods and emotions of traders also plays an important role. Market sentiment can be optimistic, pessimistic, or neutral, and this affects trading decisions. ▪️ Manipulations: Sometimes prices may be subject to manipulations by large players or institutional investors. Understanding their strategies and tactics can help determine possible price directions. Understanding the key factors that determine market movements is an important tool for successful trading. Whether you are a novice or an experienced trader, continuous learning and analysis will help improve your results. And remember, the market is always full of opportunities if you can recognize them. Happy trading! Sincerely yours, Kateryna
BITSTAMP:BTCUSDLong
by RocketBomb
10
🟣 Channel Trading Strategy 🟣 Hello, friends! 👋🏻Today I'll wanna share with You my knowledge about channel trading strategy. ❗️ Channel Trading Strategy ❗️ is a classic form of trading in both crypto and other markets. This is a trend trading strategy , so accuracy and safety are very high. Today, I will present all of you about the Channel pattern and how to trade with it in the most complete and detailed way. ❓ What is a Channel Pattern? ❓ The Channel pattern is a development of price following the trend which consists of two parallel support and resistance levels. Prices will fluctuate and create trends along the corridor created by these two levels. ⚡️This pattern ends when the price breaks out of either the resistance or support and creates a new trend . The breakout direction is often in the opposite direction to the direction of the pattern.👇 Two Common Types of Channel Patterns With two parallel and horizontal resistance and support levels, this is a rectangular price pattern. Channel Up or Ascending Channel This Channel pattern type has two parallel and upward levels of Resistance and Support . The breakout of this pattern will usually be at the support. After the breakout, the price will reverse down. In some cases, the price may retest this support. Channel Down or Descending Channel In contrast to the Channel Up pattern, we have the Channel Down pattern with two parallel and downward levels of resistance and support. After creating this pattern, the price usually breaks out upwards (resistance breakout) and goes up. It is possible for a strong uptrend to appear after this breakout. Trade Effectively with the Channel Pattern There are two types of trading using the Channel pattern: trading within the price channel and trading as per the breakout of the pattern. 💡With this type of trading, You should remember clearly: In a Channel Up, only open UP orders. Conversely, in Channel Down, you can only open DOWN orders. How to Open an Order? 🔺 For a Channel Up: 🔺 Entry Point: When the price hits the support of the price channel. Stop-Loss: At the previous position where the price touched the support. Take-Profit: When the price hits the resistance. If the previous order wins, the stop-loss of the following order will be the entry point of the previous order. 🔻 For a Channel Down: 🔻 Entry Point: When the price hits the resistance. Stop-Loss: At the previous position where the price touched the resistance. Take-Profit: When the price hits the support. Trade After the Breakout The trading strategy is based on the breakout point of the price channel. This is a very good signal of a trend reversal. You open an order as follows. 🔺 For a Channel Up: 🔺 Entry Point: When the candlestick breaks out of the support. Stop-Loss: At the previous position where the price touched the resistance. Take-Profit: When price re-touches the support levels it creates within the pattern. 🔻 For a Channel Down: 🔻 Entry Point: When the candlestick breaks out of the resistance. Stop-Loss: At the previous position where the price touched the support. Take-Profit: When price re-touches the resistance level it creates within the pattern. The article is a bit long. However, I have covered everything I know when trading with price channels. Thank you for reading. Do you have any tips for trading with price channels? Please help me improve myself. Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
BINANCE:BTCUSDEducation
by RocketBomb
1
Explaining Dow Theory - Does it Deliver Results? Dow theory stands out as one of the most revered theories in the history of financial markets. Whether you're engaged in intraday trading, short-term trading, or long-term investment, understanding this theory is bound to help you formulate diverse strategies. Originally crafted by Charles Dow in the late 1800s, Dow Theory, also known as Dow Jones Theory, has stood the test of time. Charles Dow, the founder of the Dow-Jones financial news service WSJ (Wall Street Journal) and Dow Jones and Company, developed this trading strategy. Even after a century, Dow theory remains influential and is considered one of the most sophisticated studies in technical analysis. I trust this will be beneficial to anyone involved in trading or investing in financial markets. What is the essence of Dow Theory? In an article published in the Wall Street Journal on January 31, 1901, Charles H. Dow likened the stock market to the ebb and flow of ocean tides. He stated, "A person observing the rising tide and wishing to determine the precise moment of high tide places a stick in the sand at the points reached by the incoming waves until the stick reaches a position where the waves no longer reach it and eventually recede enough to indicate that the tide has turned." This approach proves effective in monitoring and predicting the rising tide of the stock market. Dow believed that analyzing the current state of the stock market could offer insights into the current state of the economy. Indeed, the stock market can serve as a valuable gauge for understanding the underlying reasons behind upward and downward trends in both the economy and individual stocks. How Does the Dow Theory Operate? The Dow Theory operates based on several principles, which include the following: 1. The Averages Account for Everything: Market prices incorporate all known or unknown factors that may impact supply and demand. It is believed that the market reflects all available information, including information not yet public. This encompasses various events such as natural disasters like droughts, cyclones, floods, or earthquakes. Major geopolitical occurrences, trade conflicts, domestic policies, elections, GDP growth, fluctuations in interest rates, and earnings forecasts or anticipations are all already factored into market prices. While unforeseen events may arise, they typically influence short-term trends while leaving the primary trend intact. 2.The Market Exhibits Three Trends: a)The primary trend: This trend can extend from one year to several years and represents the dominant movement of the market. It is commonly known as either a bull or bear market. The bullish primary uptrend sees higher highs followed by higher lows, while the bearish primary downtrend witnesses lower highs and lows. The challenge lies in predicting when and where these primary trends will conclude. The goal of Dow Theory is to leverage known information rather than making speculative guesses about the unknown. By adhering to Dow Theory guidelines, one can identify and align with the primary trend. b)The intermediate trend or secondary trend: This trend typically lasts from 3 weeks to several months and is characterized by reactionary movements. In a bull market, these movements are viewed as corrections, whereas in a bear market, they are seen as rally attempts. For instance, during a primary uptrend, a stock may retrace from its high to establish a low (known as an intermediate trend or correction). Conversely, in a primary downtrend, a stock might experience a temporary rebound after a prolonged decline (known as bear market rallies). c)The minor trend or daily fluctuations: This trend, lasting from several days to a few hours, is the least reliable and is often disregarded according to Dow Theory. Long-term investors should perceive daily fluctuations as part of the corrective process within intermediate trends or bear market rallies. These fluctuations represent the noise in the market and can be susceptible to manipulation. While daily price action is important, its significance lies in the context of the broader market structure. Analyzing daily price movements over several days or weeks can provide valuable insights when viewed alongside the larger market picture. While individual pieces of the structure may seem insignificant, they are integral to completing the overall picture. 3.Major Trends Comprise Three Phases: Dow focused extensively on major trends, identifying three distinct phases within them: Accumulation, Public participation, and Distribution. These phases occur cyclically and repeat over time. a) Accumulation Phase: This phase occurs when the market is in a bearish trend, characterized by negative sentiments and a lack of hope for an upcoming uptrend. For instance, we witnessed steep declines in mid-cap stocks in the Indian share market, with new lows being made frequently. While many investors anticipate this trend to persist indefinitely, this is actually when significant investors, such as large fund houses and institutional investors, begin gradually accumulating these stocks. This period is known as "smart money" investing for the long term. Despite ongoing selling pressure in the market, buyers are readily found. b) Public Participation Phase: During this phase, the market has already absorbed the negativity, with "smart money" investing. This marks the second stage of a primary bull market and typically sees the most significant rise in prices. At this point, the majority of the public (retail investors) also considers joining in as prices rapidly increase. However, many are left behind due to the speed of the rallies and the upward trend in averages. Traders and investors may experience regret for not participating in the rally. This phase follows improved business conditions and increased stock valuations. c) Distribution Phase: The third stage represents excess, eventually transitioning into the distribution phase. In this final stage, the public (retail investors) becomes fully engaged in the market, captivated by the bull market rally. Some investors who previously felt left out may still seek opportunities to join the rally based on valuations. However, this is when "smart money" begins to sell off shares at every high point. Meanwhile, the public attempts to buy at these levels, absorbing the selling volumes from large investors. In the distribution phase, whenever prices attempt to rise, "smart money" unloads their holdings. This marks the onset of a bear market, where sentiments turn negative, bankruptcy filings increase, and economic growth shifts. During a bear market, frustration levels rise among retail investors as hope dwindles. 4.Confirmation Between Averages is Essential: Dow used to say that unless both Industrial and Rail(transportation) Averages exceed a previous peak, there is no confirmation or continuation of a bull market. Both the averages did not have to move simultaneously, but the quicker one followed another – the stronger the confirmation. To put it differently, observe the image above, as you can see both the averages are in bull market, trending upward from Point A to C. 5.Confirmation of Trends Through Volume: Volume serves as a metric indicating the amount of shares traded within a specific timeframe, aiding in trend and pattern analysis. According to Dow theory, a stock's uptrend should be supported by high volume and exhibit low volume during corrections. While volume data alone may not be comprehensive, integrating it with resistance and support levels can provide a more comprehensive understanding. 6.Trend Persistence Until Clear Reversal Signals: Similar to Newton's first law of motion, which states that an object will remain at rest or in uniform motion unless acted upon by an external force, market trends are expected to persist until a significant external force, such as changes in business conditions, prompts a reversal. Signs of trend reversals become apparent when impending changes in trend direction are observed. 7.Signal Recognition and Trend Identification: A significant challenge in implementing the Dow theory is accurately identifying trend reversals. Adhering to the Dow theory requires not only assessing the overall market direction but also recognizing definitive signals of trend reversals. A key technique employed in identifying trend reversals within the Dow theory is analyzing peaks and troughs, or highs and lows. Peaks represent the highest points in a market movement, while troughs signify the lowest points. According to the Dow theory, markets do not move in a linear fashion but rather oscillate between highs (peaks) and lows (troughs), with overall market movements trending in a particular direction. An upward trend in Dow theory consists of a series of progressively higher peaks and troughs, while a downward trend is characterized by progressively lower peaks and troughs. 8.Market Manipulation: Charles Dow believed that manipulation of the primary trend was improbable, while short-term trading, including intraday movements and secondary movements, could be susceptible to manipulation. Short-term movements, ranging from hours to weeks, may be influenced by factors such as large institutions, speculators, breaking news, or rumors, potentially leading to manipulation. While individual securities may be manipulated, such as artificially driving up prices before reverting to the primary trend, manipulating the entire market is highly unlikely due to its vast size. Why Dow Theory Is Not Foolproof: Dow Theory is not a fail-safe method for outperforming the market, as it is not without its flaws. Critics argue that it lacks the depth and precision of a formal theory. Conclusion: Understanding the Dow Theory enables traders to identify hidden trends that may elude more seasoned investors, empowering them to make informed decisions about their positions. The Dow theory aims to pinpoint the primary trend and capitalize on significant movements. Given the market's susceptibility to emotion and tendency for overreaction, the goal is to focus on identifying and following the prevailing trend.
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Is This the Start of a New Bull Run?Hey traders! Taking a brief hiatus to recharge and gain fresh insights from the market, I stumbled upon a fascinating observation. 🔍 Upon closer examination, I noticed a striking resemblance between Bitcoin's recent price behavior and a small fractal pattern dating back to late February. Overlaying this pattern on the current chart, the resemblance is uncanny! 💡 What does this mean? If this similarity in price movement persists, we could be on the brink of witnessing Bitcoin surging to $71,000 in the near future. 💥 Brace yourselves, because the Bull Run might be closer than we anticipate! Stay tuned for more updates and insights as we navigate the exciting world of trading together. Keep those charts close and your strategies sharper than ever! Happy trading!🫶 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
2
📉 Bitcoin Price Update: Medium-Term Downtrend Continues 📉Hello, fellow traders and investors! 😊Let's dive into the latest analysis of Bitcoin's price movement. As we assess the current market conditions, it's evident that we remain within a medium-term downtrend. Despite recent attempts to break above the main descending trendline, the price has failed to sustain upward momentum. This failure to breach the trendline resistance suggests that further downside movement is likely in the near future.📉 What can we expect next?👀 With anticipated minor pullbacks along the way, it's reasonable to project a descent towards the key psychological level of $60,000. However, the journey doesn't end there. Once we reach this level, it will be crucial to closely observe price action for potential further developments. While my bias leans towards a continuation of the downtrend with a target of $58,000 and potentially lower, it's important to exercise patience and vigilance. Market dynamics can change rapidly, and it's essential to adapt our strategies accordingly.📊 Stay tuned for more updates as we navigate through these market movements together! Don't hesitate to share your insights and observations in the comments below.🩷 Happy trading!🫶 Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
Short
by RocketBomb
7
Ripple up to 3$ this year?👀Hello, dear friends! Ripple (XRP) has been forming a massive triangle pattern since 2018, indicating a potential breakout to the upside towards the $2-3 level. This makes holding Ripple in your portfolio particularly relevant. The prolonged consolidation period reflected in Ripple's price chart suggests a significant accumulation of market forces. This triangle pattern typically signifies a period of indecision, with buyers and sellers balancing each other out. However, as the pattern nears its apex, pressure builds, often resulting in a breakout. In Ripple's case, a breakout to the upside is anticipated, given the historical bullish momentum of the cryptocurrency market and the positive sentiment surrounding Ripple's technology and partnerships. 💥To confirm the typical price movement of Ripple, it is worth examining the formations and breakouts from similar triangles in the past. 2017👇 2018 👇 For traders and investors, the breakout from this triangle pattern could present a lucrative opportunity. A decisive move above the upper trendline of the triangle, coupled with strong volume, would confirm the bullish bias. Traders may consider initiating long positions targeting the $2-3 range, while investors could view this as a validation of Ripple's long-term potential and consider increasing their exposure to the cryptocurrency. It's important to monitor key levels and indicators to confirm the breakout and manage risk effectively. Additionally, staying informed about developments in Ripple's ecosystem, regulatory changes, and broader market trends will help navigate the evolving landscape of cryptocurrency investing. Overall, the formation of this triangle pattern on Ripple's chart underscores the importance of technical analysis in identifying potential trading opportunities and optimizing portfolio allocation strategies. Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:XRPUSDLong
by RocketBomb
42
BTC: short term perspectiveHello, dear friends!🩷 Let's quickly review the short-term perspective of Bitcoin. What do we see on the hourly chart?🧐 The price hasn't reached the upper main medium-term resistance line; we're still within the descending trend. The price has formed a small head and shoulders pattern, indicating that the price will likely decline in the short term. Possible levels are: 61,100; if it manages to hold and bounce off this level, it's a good sign. If the price will continue falling, the support level will be 59,800. Take a look at the weekly chart and add the MACD indicator to it.🤫 It will surprise You!😱 What do You see there? Write in the comments! Which charts are You more interested in? Short-term or long-term? Thanks for Your attention🤗 Yours sincerely, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
$ 59 500 soon? Hi! The "Bart" pattern in trading is named after a specific type of price movement on an asset's chart, resembling the contour of Bart Simpson's head from "The Simpsons" cartoon series. Characteristics of the Bart pattern include a sharp price surge (vertical spike), followed by a rapid decline (horizontal consolidation), and finally a return to the initial level (second vertical spike). This pattern is often associated with market manipulation or anomalies, where large players such as traders or crypto exchanges may create the illusion of rapid price movement to induce other traders to enter trades and then exit with a profit. The name "Bart" was coined for this pattern within the trading community due to its resemblance to the head of the character Bart Simpson. Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
What do we have this time?Hello, dear friends! 🩷In your opinion, does the price formation look like it's heading upwards or downwards?🧐 Let's disregard the halving event and the moonshot hype. 🤷🏽‍♀️To be honest, in 2020 everything seemed quite obvious to me: 🟢there was significant accumulation; 🟢all possible indicators were giving bullish signals; 🟢chart patterns were also quite positive; 🟢additionally, there was the halving event. What do we have this time? 🔴The price is moving in a downward trend; 🔴Indicators are bearish; 🔴Chart patterns seem to indicate uncertainty in the medium-term perspective; 🔴The halving event has occurred. I'm so interested in Your opinion. Bitcoin cycles have been stretched in time (each subsequent one has been longer than the previous), so it's quite plausible to expect a price decrease followed by further growth, possibly not very rapid. What do You think? Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
5
Bitcoin on 4h chart💥 Hello, dear friends! I think many of us were cheered up by a little Bitcoin pump. In fact, nothing unusual, it's seen within the framework of a descending trend. It's very important to monitor the price behavior, which may approach 63,000. I see several possible scenarios: 📌Scenario 1: The price will rise to 63,000+ and test the descending trendline, then go back down to the lower part of the wedge. 📌Scenario 2: The price will rise to 63,000+ and test the descending trendline, then start a consolidation process (this will be an excellent signal for growth). 📌Scenario 3: The price will rise to 63,000+ and test the descending trendline, then sharply drop to around 62,000. Which of these scenarios will unfold, there may be other unexpected ones for me, but the MACD indicator has crossed the lines indicating a price decline.🤫 Exciting times ahead!👏🏽 What are Your thoughts? I'm very interested to read Your thoughts, write in the comments!👇 Thanks for Your attention Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 4h chart by RB🚀Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇 Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line) and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish sufficient support at this level, the price decline will continue, and we'll witness 54,500 and a sharp dump to 52,000. If You found my analysis interesting, hit the 🚀 and subscribe, and I'll be delighted to see You in the comments under my posts. Thanks for Your attention🫶 Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
4
BTC $58 000 incoming...$52 is possible🧐Hello, dear friends! 😊The cryptocurrency market continue declining rapidly. Of course, Bitcoin is doing the same.🔻 I've shown You on my chart, what we might expect in the next week or two.👇 In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖 I think we can expect something similar. 🧐The $58,000 level has been looming for a while.🤓 If we hold there, we might be able to bounce off it. It's a strong support level. If we quickly drop below it, then we might see $52,000.💡 ❌Being in a long position right now is very risky.❌ People, who were planning to wait it out should reconsider their strategy. The market is still in a downtrend, as usual before a halving. However, the current downtrend might last a bit longer.🤷🏽‍♀️ 📌But: there are plenty of cool opportunities ahead, so don't despair!🩷 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
12
Is it realistic? Or too pessimistic?👀 Hello, dear friends! I hope You're having a great weekend!🫶 Today it happened! The halving has occurred. The price hasn't reacted yet. And that means that significant movement awaits us ahead! How are You feeling? Will bulls or bears dominate the market? I wanna share with You one of the possible scenarios for price behavior in the near future. What do You say? Is it realistic? Or am I too pessimistic? I want to preempt trolls - that's just one of the possible scenarios! There's no need for negativity in the comments, it's better to skip the post and move on! And for those who agree - press 🚀, let's see how many of us anticipate a price decrease. 😊 Thanks Your attention🩷 Sincerely Yours Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
6
Ethereum vs Bitcoin by Rocket Bomb 🚀Hello, friends! 😊Today we're looking at the Ethereum to Bitcoin chart! As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market. 👀Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.💥 Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! 💡On the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,🚀 which has always happened after the wedges in the history of this pair. The wedges, that I colored in pink 🩷 had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%. Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms! In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown 🟤 for clarity! As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.🤫 🔻In the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.🚀 You can see the levels for the medium-term perspective on the chart.🧐It's better to make purchases on price pullbacks, so keep an eye on that!👀 Thank's for Your attention, I hope the information was useful to You. If yes, click 🚀 and subscribe so You don't get lost!🫶 Always sincerely Yours, Kateryna💙💛
Long
by RocketBomb
6