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Bitcoin has been stuck in a triangleHello, dear friends🫶 How are You doing here? Since February 24, 2024, Bitcoin has been stuck in a triangle pattern, moving only within its boundaries. This is a pattern of uncertainty that can easily mislead traders. The key to understanding the next direction lies in a potential breakout—though caution is advised, as false breakouts can occur. Currently, the price is moving within the triangle towards resistance levels around $67,000 to $68,000. We'll need to keep a close eye on the price action as it approaches these levels. As for a potential bull run, I don't see any strong signals indicating a significant price increase at the moment. For now, I suggest focusing on short-term prospects and closely monitoring the market's behavior. Let's stay cautious and wait for clearer signs before making any major moves. Always stay informed and trade wisely🫶 Your Kateryna💙💛
COINBASE:BTCUSD
by RocketBomb
6
Bitcoin on 2h chart Hello, dear friends! Welcome to my page🫶 Today, let's take a look at the Bitcoin chart on the 2-hour timeframe. There is a fascinating pattern emerging that I'd like to discuss. 🧐 I've drawn long-term support and resistance lines that have been forming since February and March of this year. Today, Bitcoin is attempting to break through a descending trendline. For many, this might seem like a bullish signal, but let's not jump to conclusions just yet. On the 2-hour chart, we can see that the price continues to form a rising wedge, which is typically considered a bearish signal, often resulting in a downward breakout. At this moment, I see the possibility of the price rising into the blue zone, followed by a sharp decline. To provide a clearer picture, I'll also include a more long-term chart so you can better understand my analysis. What are Your thoughts? How are You feeling about the market? Where do You think the price will go next? Share Your insights in the comments, I'm looking forward to hearing from You. Thanks for Your attention💋 Always Yours, Kateryna💙💛
BINANCE:BTCUSDShort
by RocketBomb
46
Bitcoin's Symmetrical Triangle Hi friends, whenever I have a moment of free time, I immediately come to share my thoughts on Bitcoin's price movement with You🩷 Since February 24th, Bitcoin has been forming a technical pattern known as a symmetrical triangle, often seen as a sign of market indecision. This pattern is characterized by the price oscillating between converging support and resistance lines, indicating a balance of buying and selling pressures. Currently, Bitcoin's price is fluctuating within this triangle, gravitating towards the upper resistance line. As the apex of the triangle approaches, the market's uncertainty could culminate in a decisive move. Given the historical behavior of similar patterns, it is plausible that we may witness a sharp price decline soon, potentially reaching levels as low as $60,000 to $58,000. This anticipated move aligns with the technical analysis principles, where symmetrical triangles often precede significant price breakouts or breakdowns. Traders should monitor these key support and resistance levels closely and consider the broader market context and potential external factors that could influence Bitcoin's price action. What do You think? What can we expect after the formation of this triangle? It's certain that there will be a strong movement, but will it go up or down? Thanks for Your attention 🫶 Truly Yours, Kateryna💋
COINBASE:BTCUSDShort
by RocketBomb
20
Bitcoin's Next Move: A Surge or a Dip?Potential Scenarios for Bitcoin Price Movement Scenario 1: Temporary Growth Followed by Significant Decline In this scenario, Bitcoin's price experiences a moderate increase, reaching resistance levels around $72,000. This level is significant as it has previously acted as a psychological barrier and technical resistance point. Traders and investors are likely to closely monitor this zone for potential profit-taking and market reaction. After hitting this resistance, Bitcoin might face a sharp correction, driving its price down to the $60,000 - $56,000 range. This decline could be attributed to several factors, such as: 💥A wave of selling pressure from traders locking in profits at the resistance level. 💥Changes in global financial markets or negative news impacting investor confidence. 💥Announcements or developments that create uncertainty around cryptocurrency regulations. In more extreme cases, the price could even drop to $52,000. This deep retracement would likely shake out weaker hands and create a more robust foundation for future price movements. Such a decline could also attract new investors looking to buy Bitcoin at a perceived discount. Scenario 2: Continuous Growth Leading to New Highs Alternatively, Bitcoin's price could break through the $72,000 resistance and continue its upward trajectory. In this scenario, the price reaches and surpasses $73,000, fueled by strong bullish sentiment and favorable market conditions. Key factors supporting this upward movement might include: 💥Growing acceptance of Bitcoin by institutions and mainstream financial entities. 💥Developments such as ETF approvals, partnerships, or technological advancements within the Bitcoin network. 💥 A positive feedback loop where rising prices attract more buyers, further driving the price up. Upon breaching the $73,000 mark, Bitcoin could experience a rapid ascent to $88,000. This surge would likely be driven by a combination of FOMO (fear of missing out) among retail investors and strategic buying by institutional players. Both scenarios highlight the volatility and potential of Bitcoin's price movements. For investors and traders, understanding these possibilities is crucial for making informed decisions. Scenario 1 suggests caution, as the market might be on the verge of a significant correction after reaching the $72,000 resistance. Investors should be prepared for potential downside risks and consider strategies such as setting stop-loss orders or taking profits at key levels. Scenario 2 presents a more optimistic outlook, with the possibility of new all-time highs. Investors should stay informed about market trends and news, as these can significantly impact Bitcoin's price trajectory. In this bullish scenario, holding positions or even increasing exposure to Bitcoin could prove beneficial. In both scenarios, market participants should remain vigilant and adaptive, ready to respond to changing conditions in the highly dynamic cryptocurrency market. 🧐Which Scenario Do You Lean Towards? Share Your thoughts in the comments!🙏 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
COINBASE:BTCUSD
by RocketBomb
7
The cyclical nature of Bitcoin by RB Hello, dear friends!😊 I present to Your attention a weekly chart of Bitcoin, which includes price action since 2016, helping us to see a more complete picture and forecast further price behavior.👍 Today, let's focus our attention on the cyclical nature of Bitcoin . The cyclical nature of Bitcoin is a concept based on observing repetitive patterns and phases in its price dynamics. On the chart, You can see a huge ascending broadening wedge, which I marked in white 🤍. The price has been within it since 2016. 😳 At the moment, it can be assumed that the price is aiming for the upper boundary of this wedge. 🚀 Inside this wedge, I noticed a very interesting regularity, which I'm eager to share with You.❤️ For the THIRD time, every three years, after the distribution phase (marked in orange), the price follows a significant rise of 550 percent, followed by the formation of a descending wedge, which ends with the same distribution phase and subsequent rise. If we assume that this cyclicality is true and will repeat more, then by the end of this year or the beginning of the next, Bitcoin could reach $160,000.😱 🧐What do You think about this? Is this scenario realistic? What are You waiting for and what are You counting on? Share Your thoughts with me in the comments!🙏 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
10
One more short before... Hello, friends! 💙💛 In recent days, Bitcoin has shown significant growth, attracting the attention of many investors and traders. But are You ready for a possible price drop before the next surge? Let's dive deeper. On the hourly chart, Bitcoin's price has risen to new heights, but it is now trading close to a key support level. It's anticipated that before any further upward movement, the price might dip to the $60,500 level. This level is a crucial support that could become the launchpad for a new strong upward move. What Should You Consider? Support and Resistance Levels: The $60,500 level acts as significant support. If the price reaches and holds this level, it could signal the preparation for a new powerful upward movement. Historical Data: Historical data shows that such corrections are common before strong bullish moves. This might be an opportunity for those looking for optimal entry points. Action Plan: 🔶 Monitor the $60,500 Level: If the price drops to this level, it could be a good opportunity to enter the market. 🔶 Analyze the Market: Use various analytical tools to confirm your expectations. 🔶 Be Ready for Volatility: The cryptocurrency market is known for its volatility, so be prepared for unexpected changes. Let’s watch the developments together! Your thoughts and comments are always welcome.🫶 Thanks for Your attention and support! Always Yours, Kateryna🩷
COINBASE:BTCUSDShort
by RocketBomb
18
Missed fractals? Hi, dear friends! 🫶 Missed fractals? I hope You did, because today I'm going to show You one of them.🤭 A fractal in trading refers to a recurring pattern that can predict future price movements. They play a significant role in technical analysis, offering insights into potential market trends. In November-December 2020, Bitcoin's price formed a pattern that I highlighted on the chart with a white rectangle. I've enlarged this pattern for you using a 9-hour chart. By overlaying the shadow of this movement onto the current price formation, we can see that the price is moving in a similar fashion. This suggests that the price might replicate this fractal: if it does, we could see Bitcoin's price reach $62,500, followed by a sharp increase. Continuing with this observation, it's important to monitor the market closely. If the fractal pattern holds true, traders could capitalize on the expected price movement. However, it's also crucial to consider other market factors and indicators to make well-informed trading decisions. In conclusion, while fractals offer valuable insights, they should be used in conjunction with other technical analysis tools to enhance accuracy. Keep an eye on the market and stay informed to make the most out of these patterns. Thanks for Your attention💋 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
1
BTC is dumping Hello, dear friends! Bitcoin has started to decline in price, even though other markets are showing solid growth. What do you think is causing this to happen? Here are some possible reasons: 1. Macroeconomic Factors 🔴Inflation and Interest Rates: Increases in interest rates or changes in inflation expectations can reduce interest in high-risk assets like cryptocurrencies, including Bitcoin. 🔴Regulatory Changes: Changes in cryptocurrency regulations in major countries can create uncertainty in the market, leading to selling. 2. Market Dynamics 🔴Post-Growth Correction: After a significant price increase, a correction often occurs as investors take profits, leading to a price decline. 🔴Sales by Large Holders: Movements by large wallets or "whales" selling their assets can put significant downward pressure on the price. 3. Technical Factors 🔴Technical Levels and Patterns:Breaking important support levels or completing technical patterns can trigger a wave of selling. 🔴Algorithmic Trading: Algorithms set to react to certain signals can initiate mass selling, amplifying the decline. 4. News Environment 🔴Negative News:Negative news about exchange security, hacks, or fraud can undermine investor confidence and cause selling. 🔴Statements by Influential Figures:Statements from major investors, regulators, or other influential figures about negative prospects for Bitcoin can affect market sentiment. 5. Investor Behavior 🔴Fear and Uncertainty:Panic among retail investors due to negative news or price declines can lead to mass selling. 🔴Profit-Taking: Investors deciding to lock in profits after a significant rise can initiate selling. 6. Cryptocurrency-Specific Factors 🔴Scalability Issues:Network issues with Bitcoin, such as high fees or slow transactions, can reduce its attractiveness. 🔴Competition:Increased interest in other cryptocurrencies (altcoins) can divert attention and funds away from Bitcoin. Each of these reasons can contribute to the current price dynamics of Bitcoin. Sometimes, it is a combination of several factors acting simultaneously that causes the price decline. What do You think is the main reason for the current decline? Did I forget to mention any other reasons? Thanks for Your attention. Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
7
Is Bitcoin Preparing for a Bull Run? Hello, dear friends!💙 Bitcoin has started to show a decline in price, even though other markets are experiencing growth. Despite the current price decline, Bitcoin's behavior closely mirrors the patterns observed before previous bull runs. Analyzing historical data, we can see that Bitcoin often undergoes a phase of consolidation and accumulation before significant upward movements. This phase is characterized by narrowing price ranges and reduced volatility, often forming technical patterns like triangles or flags on the charts. One of the key indicators suggesting a potential bull run is the breakout from these consolidation patterns. In the past, when Bitcoin has broken out of a well-defined triangle or flag pattern, it has often led to substantial price increases. Currently, we are observing similar behavior, where Bitcoin appears to be consolidating and forming a base of support. This base-building is crucial as it allows for the accumulation of buying pressure, which can propel prices higher when a breakout occurs. It's important to acknowledge that Bitcoin's current decline could be part of the larger consolidation phase, potentially shaking out weak hands and setting the stage for a more robust recovery. Such pullbacks are not uncommon and can often precede stronger bullish momentum as the market stabilizes and regains confidence. Moreover, market sentiment and external factors play a crucial role in the development of a bull run. Positive news, regulatory clarity, or institutional adoption can act as catalysts, driving investor confidence and increasing buying activity. With the macroeconomic environment showing signs of stability and other markets experiencing growth, Bitcoin's current consolidation phase might just be the calm before the storm. Pay attention to the price formations I've circled in yellow and pink, and notice how the price reacted afterwards. In conclusion, while Bitcoin is currently seeing a price decline, its behavior still exhibits patterns that have historically preceded bull runs. If this trend continues and we see a confirmed breakout from the current consolidation phase, it could signal the start of another significant upward movement. Investors should keep a close eye on key support and resistance levels, as well as external market factors, to position themselves advantageously for the potential bull run. Thanks for Your attention and interest in my work. Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
2
BTC $ 255 000 this BULL RUN?Hello, everyone!💥 Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs. To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving. Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the rewards, reducing the speed of new Bitcoin mining and consequently lowering its inflation rate (devaluation). No one knows for sure what will happen next time, but it's worth making predictions based on the history of previous years. Especially since it's very transparent and repeats itself time and time again. Let's take a look at the chart I've prepared for You.🧐 On the chart, I've marked two wedges, which I've colored white. The blue arrows indicate the regularity of three-year cycles. This is the time it takes for these channels to form and the regular way they break out. After the breakout, the growth percentage is approximately the same ~550%.🚀 Assuming that the breakout occurred last year, from the $40,000 mark (the price has already corrected as it has done every time before - orange circles), and the growth will be like previous times, theoretically, the price in this bull run could reach the $255,000 mark.😱 🧐Do you believe in such growth? Are you concerned about the situation in the world? Share your thoughts in the comments. 💡I also wanted to share my previous chart with you. Perhaps you'll find it interesting. Thanks for Your attention! Always sincere with You, Your Kateryna🫶
BITSTAMP:BTCUSDLong
by RocketBomb
36
Bitcoin 2020 vs 2024Hello, me dear-dear friends! Today, I have prepared a comparison chart of Bitcoin's price formation in 2020 and 2024 for You. We can see a very interesting pattern on the chart! Specifically, after forming a triangle, the price broke upwards and then halted its ascent, starting to accumulate right at the support level. That's an excellent signal, in my opinion.🚀 In the near future, we might see either reduced volatility in the market or a sharp upward surge, depending on market sentiment!🤞 Yesterday's chart is also useful, and I highly recommend You check it out :) Thanks for Your attention and interest in my work🫶 Sincerely Yours, Kateryna
BINANCE:BTCUSDLong
by RocketBomb
4
More Than Money 💸Hello, friends! 😊 What do you associate trading with? 🧐 For most of us it's exchanges and investments are primarily associated with big money. However, trading in the financial markets not only provides opportunities for earning but also for significant skill development and personal growth. Here are the top 4 qualities that trading helps to develop: 1. Strategic thinking 🧠 Systematic approach and having a well-thought-out strategy distinguish a professional trader from a gambler. Seeing that Bitcoin is rising and immediately buying it – that's not how it works: You need to follow rules to earn not situatively, but in the long term. First and foremost, adhere to risk management, which determines 90% of success. The main rules of risk management in trading that are useful in any endeavor: In trading: Invest no more than 1-2% of your deposit in one trade. In life: Don't put everything at stake for short-term gain: soberly assess what you can risk so you won't regret it later. In trading: It's not so important how much you earn. It's more important how much you lose or don't lose. In life: Weigh the pros and cons of every serious decision. In trading: Diversify risks, invest in different instruments so that potential losses from one asset are offset by profits from another. In life: Always have a plan B, and preferably plan C as well, to achieve your goal. Because if something can go wrong, it will. In trading: Cut losses to a minimum, let profits grow. In life: Don't waste energy, time, and resources on what doesn't bring benefits or doesn't work out. Strengthen what's strong: focus on what You do best. 2.Stress tolerance 🫨 Trading is not the easiest way to earn a living: you need to be mentally prepared for both profits and losses, not succumb to emotional impulses, and maintain self-control. Sometimes you have to " rise from the ashes " and start over from scratch. However, just like in life. Only 2-3% of traders have natural resilience: the rest need to develop it. Here are some tips from me, which I have formulated from my own experience: "To develop resilience, allow yourself to make mistakes, take on challenges, and solve complex problems. In doing so, you become stronger." "Learn to be flexible, not confined to your internal boundaries. " "Don't be afraid to be yourself, to develop internal freedom and individuality, so you can accept your mistakes without criticism. A successful trader is confident, free from societal judgment, and doesn't need to be perfect: they pursue their own goals, not dreams imposed by others." 3. Independence 🕊️ One of the main advantages of trading is freedom : there are no bosses above you, you manage your own time and resources, and you are solely responsible for your actions. You decide how, where, and how much to invest, what risks to take, and so on. The ability to take responsibility for oneself, not blame others for one's mistakes, and be independent in decision-making is a quality that is valued not only in trading. Independent, self-aware individuals progress faster in their careers, build harmonious relationships, and establish large-scale businesses. 4. Developing 🎓 You can't learn trading once and for all: the market is not static, it's constantly changing. Yesterday, for example, only a few knew about cryptocurrencies, and today fortunes are made on them. So don't miss the opportunity to learn more , interact with like-minded individuals. Thanks to the Trading View platform for providing such an opportunity. Here You can create your own charts, see what others think, and study educational content. In conclusion , folks, trading is a unique simulator that develops discipline, forecasting skills, responsibility, independence, psychological resilience, and a drive for self-improvement. All You need is diligence, discipline, and a community of like-minded people! Wishing You success!😘 🫶If You found this post interesting, hit the like button or as it's called now (boost) and subscribe so You won't miss out! Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
Could Bitcoin be worth $600,000?😱Hello, friends!🫶 Could Bitcoin be worth $600,000?😱 🧐Today, let's take a look at the weekly logarithmic chart of Bitcoin and try to identify similarities and patterns in its movement to discuss the future price development. I've highlighted support levels with green 🟢 lines (looking at the overall chart, these levels represented accumulation zones for future growth), and resistance levels with red 🔴 lines (where bullish trends typically ended). 💡 Pay attention! The lower support line was touched twice in 2015-2016, and the next time this happened was in 2023-2024! Looking at the chart, it strongly resembles an accumulation zone!🔋 Could there be a longer cycle?🤩 Let's say, not a 4-year cycle (from halving to halving), but a cycle lasting 10 years? Could Bitcoin be worth $600,000?😱 I'm so interested to hear your opinions and expectations for the upcoming halving and the following year.😏 The world situation is worrisome and doesn't inspire optimism.😔 But if we remember the times of the coronavirus pandemic, then similar sentiments prevailed.🤪 What are your expectations? Let's discuss!😇 Thanks for Your attention! Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
26
Altcoin Market Cup 🚀 up to $3T 🔥Hello, dear friends! 👋🏻 Take a look at what I've prepared for you today! 💥 Coin Market Cup (Total3 - excluding Bitcoin and Ethereum) 💥 The chart displays the total market capitalization of altcoins. What can we see here? At first glance, the cyclic nature of price behavior is striking! 🧐By overlaying several Fibonacci tools, we clearly see the potential!🚀 It can confidently be assumed: the altcoin market is ready to surpass the $3 trillion limit by the end of 2024. Sustainable cycles, demonstrating repetitive circular motion, confirm this confident forecast. What we've seen confirms not only the technical component of the market but also its fundamental aspects. Repetitive cyclical movements serve as an indicator of structural changes in investment behavior, reflecting a wave of interest in alternative assets. This signifies growing confidence in the altcoin market and its important role in the global economy. What can You say? If you found it interesting, stay tuned for more updates and subscribe to stay with me!🫶 Thanks for Your attention Always sincerely Yours Kateryna💋
CRYPTOCAP:TOTAL3Long
by RocketBomb
27
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
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