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RB Calling for TOP! Comparing Bitcoin's 2019 Rebound with 2023.Hello my dear readers! Many of us find themselves drawing parallels between past and present, searching for clues about what the future holds for Bitcoin. In this analysis, I will explore the comparison between Bitcoin's market bottom and rebound in 2019 and its current resurgence in 2023. Can we project a price target of up to $47,000 based on this analysis? Let's dive in. Resemblance to 2019: Upon closer examination, it becomes evident that 2023's Bitcoin market rebound shares remarkable similarities with the 2019 scenario. The patterns, trends, and key indicators align in a way that raises intrigue among traders and analysts. Inverted Wedge Formation: One compelling aspect is the formation of an inverted wedge pattern. This pattern, which commenced right at the market bottom, is strikingly reminiscent of the conditions observed in 2019. The inverted wedge is a promising sign for traders, as historically, it has often preceded significant upward movements in Bitcoin's price. Crash Patterns: Another interesting facet of this comparison is the resemblance in crash patterns. The crash pattern observed in the current cycle shares characteristics with the previous one, yet it appears more condensed and narrow. This contrast becomes especially evident when compared to the flatter pattern that prevailed in 2018-2019. Projection for Bitcoin's Price: Based on this analysis, there is a potential projection of Bitcoin's price targeting up to $47,000. This projection aligns with the trends and patterns observed in both 2019 and the current market, offering an exciting prospect to monitor in the coming months. As we observe the ever-evolving dynamics of the market, this comparison between the events of 2019 and 2023 serves as a captivating reminder of the intriguing possibilities and patterns that have the potential to shape Bitcoin's journey. While I cannot predict the future with absolute certainty, my mission here is to empower you with my detailed market analysis and insights. 💛 If you've journeyed this far with me, why not show your support by hitting the ' boost 🚀' button and following my page? And if you're already a subscriber, feel free to share your thoughts in the comment section below. Do you spot a correlation between these two periods, or do you anticipate a different trajectory? Always Yours Kateryna 💙💛
KRAKEN:BTCUSDLong
by RocketBomb
6
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗼𝗻 𝗵𝗼𝘂𝗿𝗹𝘆 𝗰𝗵𝗮𝗿𝘁 🧐 Greetings, traders! Let's dive into the hourly chart of Bitcoin to see what's been happening and what might lie ahead. 🚀 Before the recent attack on Israel, there was a notable price surge. In just a few hours, Bitcoin's value took a sharp dip, only to rebound swiftly, catching many traders off guard. 💥 Currently, we find ourselves in a phase of price decline. The unfolding political and military developments across the globe have the potential to impact Bitcoin's price behavior significantly. 🔍 Here's the scenario I'm observing: If the crucial support level at 26 isn't able to withstand the pressure and ends up being breached, there's a substantial likelihood of Bitcoin's price descending into the 'gray zone.' Stay tuned for more updates ♥️ And remember, in the world of cryptocurrency, preparedness and adaptability are your greatest allies. Let's keep a close eye on this hourly chart, and feel free to share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
KRAKEN:BTCUSD
by RocketBomb
2
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world. Here are a few reasons why Litecoin might be considered an undervalued asset: Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases. Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments. Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection. Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features. Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness. Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions. Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant. Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward. Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers. Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts. As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market. What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:LTCUSD
by RocketBomb
5
What are your thoughts?🧐The world stands on the threshold of significant trials. In these challenging times, it's essential to reflect on the interconnectedness of global events, particularly in the context of the ongoing conflicts in Ukraine and Israel. The world, as we know it, is facing a profound test of our collective humanity and our commitment to peace and justice. The situations in Ukraine and Israel serve as stark reminders of the complex political landscape and the enduring struggle for stability. These conflicts have deep historical roots and have far-reaching consequences that extend beyond their borders. In times like these, it's vital to recognize the importance of diplomacy, dialogue, and a commitment to peaceful resolutions. The suffering endured by those affected by these conflicts is a stark reminder of the human cost of war, and it calls for empathy, compassion, and a united global effort to alleviate their hardships. While we may not hold all the answers, we can collectively advocate for peace, engage in dialogue, and support humanitarian initiatives that provide aid and relief to those in need. It's a time to reflect on the values that unite us as a global community and to work towards a more peaceful and just world. In the face of these trials, let us stand together in solidarity and hope for a future where conflicts are resolved through understanding and cooperation, rather than violence and division. The impact of this situation on the cryptocurrency market and Bitcoin in particular is a subject of considerable interest and speculation. The cryptocurrency market has shown a degree of sensitivity to global geopolitical events, and the ongoing conflicts in Ukraine and Israel are no exception. Here are a few potential ways in which these situations can influence the cryptocurrency market: Safe-Haven Asset: In times of global uncertainty, some investors view Bitcoin as a digital safe-haven asset, similar to gold. This perception can lead to increased demand for Bitcoin, potentially driving up its price. Risk Aversion: On the flip side, heightened geopolitical tensions can also result in risk aversion, leading some investors to move away from more volatile assets like cryptocurrencies in favor of traditional safe-haven assets. Market Volatility: Geopolitical events can introduce volatility into financial markets, including cryptocurrencies. Sudden shifts in sentiment can lead to rapid price fluctuations in both directions. Regulatory Changes: Governments may react to these events by introducing new regulations or taking a closer look at cryptocurrency activities. Such regulatory changes can impact the market. Global Economic Impact: Geopolitical tensions can have broader economic implications. Economic instability can, in turn, affect investor sentiment and their approach to cryptocurrencies. It's important to note that the cryptocurrency market is influenced by a myriad of factors, including supply and demand dynamics, market sentiment, and technological developments. Geopolitical events are just one piece of the puzzle. As with any investment, it's crucial for traders and investors to stay informed, practice risk management, and be prepared for various market scenarios, especially during times of heightened uncertainty. As investors and traders, it's essential to stay informed, assess the evolving landscape, and exercise prudent risk management strategies. The cryptocurrency market's response to global events remains a dynamic and multifaceted aspect of this ever-evolving space. Let's engage in a thoughtful discussion. What are your thoughts on how geopolitical events may affect the cryptocurrency market, especially Bitcoin? Share your insights in the comments below! 👇 Always Yours Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
11
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐨𝐧 4 𝐇𝐨𝐮𝐫𝐥𝐲 𝐂𝐡𝐚𝐫𝐭💥Hello, dear friends! I really want to wish you all the best and brightest because the world is on the verge of a tremendous ordeal! At times, it feels like a dream, and we wish to wake up! I understand that this platform is not political, and we won't be discussing any political processes here. However, over the past two years, politics has touched each one of us! In these difficult days for the people of Israel, I want to express words of support and wish for a swift victory over terrorism! You are strong, Ukraine stands with you! Now, let me explain what I've drawn on my chart and how I see the current situation in Bitcoin's price movement. On my 4-hour chart, you can see an ascending channel that was formed in October 2022 and continued until August 2023! On August 18, the ascending channel was broken downward. This means we can conclude that the ascending trend was broken. And the price started forming a new pattern! At the moment, it resembles a rising wedge. If we follow the rules of this pattern, we might soon see Bitcoin at around 22,000! If this indeed happens, I believe the downward trend will continue, and we will closely monitor further developments together! If you appreciate my work, please give it a like, and feel free to share the chart with your friends! I would be very happy to engage in discussions and hear your feedback! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
40
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐨𝐧 𝐇𝐨𝐮𝐫𝐥𝐲 𝐂𝐡𝐚𝐫𝐭 06.10.23 Hello, dear TradingView community! 🚀 Since the beginning of September, Bitcoin has been crafting an intriguing narrative. Within this month, it has formed an ascending channel, with prices oscillating between $25,000 and $28,500. But here's the kicker: there's a significant twist in this tale. The price is now drawing closer to a trendline that etched its presence last year. Currently, we find ourselves in the lower echelons of this channel. The outlook suggests a period of consolidation within this region, potentially steering us toward that long-term trendline. 🌐 But what's the takeaway for traders we can do? 🤔 The key lies in patience and observation. 🧐 To formulate a robust trading strategy, we advise waiting for more substantial price movements. A decisive breakout in either direction will be the clarion call you've been waiting for – a strong signal to make your move. 🚀 Remember to hit that "Like" button and subscribe for more insightful updates! Together, we can achieve more!💪 Until next time! 🚀 Your Kateryna🫶
BINANCE:BTCUSD
by RocketBomb
4
DCA when buying Bitcoin💥Welcome to my page, dear friends! 🚀 I'm delighted to have you here and are ready to share exciting and informative content. I hope you'll find a lot of valuable information and inspiration for your financial growth here. Buying Bitcoin at an averaged price, also known as "dollar-cost averaging" (DCA), is crucial for several reasons: 🔴 Risk Distribution: Purchasing at fixed intervals (e.g., weekly or monthly) allows you to distribute risks over time. This means you don't invest all your funds in one purchase at the current price, which can be risky. 🟠 Mitigating Volatility Impact: The cryptocurrency market is known for its high volatility. DCA helps mitigate the impact of short-term price fluctuations and avoids buying at the peak of price spikes. 🟡 Emotional Stability: Dollar-cost averaging helps you avoid emotional decisions while trading. You simply stick to your plan, buying regularly, regardless of market movements. 🟢 Long-Term Perspective: The DCA approach focuses on long-term investment. It helps create a cryptocurrency portfolio with an average asset cost, which can be particularly useful for long-term investors. 🔵 Temporal Reduction in Average Price: Purchasing during price dips reduces your average buying price, allowing you to benefit more when prices rise. 🟣 Easy Execution: DCA is a straightforward way to invest in cryptocurrencies without the need to constantly monitor the market and make complex decisions. 📌 It's essential to remember that DCA doesn't guarantee profits, and the cryptocurrency market remains risky. However, it's a strategy that can help you manage risks and build a long-term cryptocurrency portfolio. Feel free to ask questions, share your thoughts and experiences, and, of course, subscribe to stay updated on all my posts and analyses. Your support and participation mean a lot to me. Together, we can achieve more!💪 Until next time! 🚀 Your Kateryna🫶
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 3h chart by RB Hello dear friends! I'm happy to greet you all!😊 Once again, I disappeared from TV for a few months!😔 Gathering my willpower, I am coming back, trying to stay connected, but my psyche, shattered by the war, adds its own adjustments, and I retreat into myself and disappear again! I get frustrated with myself, take a deep breath, learn to live with all of this, which is why I am trying to come back and continue seeking inspiration here, on TradingView! For me, this place has always been a refuge and a source of creative inspiration. I poured my soul into every post and found a response in your hearts! That's why I'm here again, sharing my thoughts with you! Let's take a look at the 3h Bitcoin chart - it provides a clearer view of the channel, that the price has been forming since the beginning of 2023 (quite a long period)! In my humble opinion, it's about time for the price to break out of it! Analyzing the situation, it seems to me, that the price movement indicates a downside breakout with a slight pullback to dynamic support (the lower channel line). So, in the near future, we might witness the price dropping to the level of 27,800 - 27,500, followed by a minor upward correction, and then a decline to around 26,200, with a subsequent price rise to 27,800, and further decline below 25,000. Whether my forecast comes true will be revealed over time! Meanwhile, I would be interested to know how you are doing? Any success in trading? Feel free to share your predictions! Waiting for your comments! Always sincerely yours, Kateryna♥️
BITSTAMP:BTCUSD
by RocketBomb
19
Bitcoin on 4h chartHello! Welcome to my page!🫶 Bitcoin is a word, that resonates throughout the cryptocurrency world and beyond. It brings with it magic and endless opportunities for traders and investors. Bitcoin is famous for its volatility, which opens up innovative possibilities for traders. In a single day, its value can rise or fall by thousands of dollars, creating ideal conditions for successful trades. If you're here, you're probably interested in Bitcoin analysis, so I'm happy to share my thoughts with you! On the chart, I've marked areas of interest in blue. Why? Because their movement indicates the beginning of accumulation (the lower circle) and the start of distribution (the upper circle)! The price formation is very similar, so by flipping part of the formed price in the accumulation zone, we can assume that the price will form identically (only in reverse) in the distribution zone. If the assumption is correct, we may see a price level of $28,000 - $28,500 in the near future! After that, I expect a price decrease, but it's essential to carefully analyze further price formation! Get ready for an exciting journey into the world of Bitcoin. This cryptocurrency is constantly changing, so study, analyze, and trade wisely. Risks and opportunities are open to you. May your trades always be profitable! 💰🚀 Don't forget always to be cautious and invest only what you can afford to lose. Bitcoin is intriguing and attractive, but the risks are significant too. Best of luck on your path to successful trading! 🌟 What do you think the price will do next? Share your thoughts! I'm looking forward to your comments! Sincerely, Your Kateryna
BITSTAMP:BTCUSD
by RocketBomb
16
Trading Opportunity: ETC/USDT😱 Ethereum Classic is a blockchain platform that provides decentralized smart contracts. It emerged as a result of a contentious hard fork from Ethereum (ETH) in 2016. ETC aims to preserve the principles of blockchain immutability and decentralization. 🟢Green Entry Zone: 14.72 - 16.60 🚀 Targets: Target 1: 17.99 Target 2: 19.50 Target 3: 21.35 Target 4: 23.25 🔴 Stop Loss: 11.22 📢 Trade Alert: Ethereum Classic (ETC) has caught our attention! With its unique blockchain philosophy, ETC offers a compelling trading opportunity. 🔍 Before you proceed, remember to exercise caution and conduct thorough research. Cryptocurrency markets can be highly volatile, so managing risk is crucial. Good luck with your trading! Your Kateryna💙💛
Long
by RocketBomb
3
Bitcoin in Diamond (Rhombus) Pattern Hello friends! ♥️ Today we'll talk about one of the rarest patterns! You probably already guessed what I mean😉 The Diamond pattern in trading is a reversal pattern, and it's relatively rare. Let's explore how to identify it on a chart and use it in trading. The Diamond pattern, also known as the Rhombus, is a technical analysis pattern consisting of two triangles. Its appearance on a chart indicates a potential reversal, especially if it's spotted at the top of an uptrend or at the end of a downtrend. Trading the Diamond Pattern: Identification of the Diamond Pattern: Firstly, you need to learn how to recognize the Diamond pattern on a chart. This involves identifying two triangles, one typically vertical (representing a volatility squeeze) and the other horizontal (indicating a period of consolidation). Determine the Trend Direction: Before making a trading decision, it's important to determine the current trend direction. If the Diamond pattern forms after a prolonged uptrend, it may signal a potential reversal to the downside, and vice versa. Wait for Confirmation: The Diamond pattern alone can be a false signal. Traders often wait for confirmation, which can come in the form of a breakout by price from one of the Diamond's sides. If the price closes above the top of the Diamond for an ascending Diamond or below the bottom for a descending Diamond, it may serve as a signal to enter a trade. Risk Management: Setting a stop-loss order is crucial to limit potential losses if the trade goes against you. Determine the size of your stop-loss and take-profit levels according to your risk management strategy. Manage the Position: Once you've entered a position, monitor its progress closely. Consider using a trailing stop to protect your profits and reduce risk. You may also contemplate partial position closure as prices move in your favor. Volume Analysis: Trading volume can be a valuable indicator when trading the Diamond pattern. High volume during the breakout can add confidence to the reversal signal. Conclusion: The Diamond pattern is just one tool in technical analysis, and its use requires an understanding of the market context and additional confirmation factors. Traders often combine various analysis methods to make more informed trading decisions. Remember that no technical pattern guarantees success in trading, and there's always a risk of capital loss. It's crucial to maintain discipline and manage risks when trading the Diamond pattern or any other patterns. Thanks for your attention, and happy trading!💥 Feel free to share Your thoughts on this topic with us Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
6
Fractals in Bitcoin PriceHello, friends!🖐🏼 When it comes to analyzing the price of Bitcoin, one powerful tool that traders often use is fractal analysis. In the world of trading, fractals are not just fascinating mathematical concepts; they are essential for identifying patterns and potential price movements. Let's dive into the world of fractals in Bitcoin price analysis. What Are Fractals? Fractals are self-similar patterns that repeat themselves on different time frames. In the context of Bitcoin trading, these patterns can be observed across various time intervals, from short-term charts like minutes and hours to long-term charts like days and weeks. Why Do Fractals Matter in Bitcoin Trading? ▪️ Pattern Recognition: Fractals help traders recognize recurring price patterns, which can indicate potential trend reversals or continuations. ▪️ Support and Resistance Levels: Fractals can pinpoint crucial support and resistance levels, helping traders make informed decisions about entry and exit points. ▪️ Market Psychology: Fractals often reflect market psychology and sentiment. Understanding these patterns can provide insights into the collective behavior of traders. Types of Fractals in Bitcoin Trading: 📎 📈 Bullish Fractals: These are patterns that suggest a potential upward price movement. They often appear after a downtrend and may signal a reversal. 📎 📉Bearish Fractals: These patterns indicate a potential downward price movement. They typically form after an uptrend and may suggest a trend reversal. 📎 Regular vs. Hidden Fractals: Regular fractals are easily visible on price charts, while hidden fractals are less obvious and may require a more skilled eye to detect. Applying Fractals in Your Trading Strategy: 📌 Confirm with Other Indicators: It's often wise to confirm fractal patterns with other technical indicators like Moving Averages, RSI, or MACD for added confidence. 📌 Risk Management: Always implement risk management strategies, including stop-loss orders, when trading based on fractal signals. 📌 Multiple Time Frame Analysis: To get a comprehensive view, consider analyzing fractals on multiple time frames. A fractal pattern on a higher time frame can carry more weight. 📌 Backtesting: Before fully relying on fractals, backtest your strategy to ensure its effectiveness in different market conditions. Fractals offer traders a valuable lens through which to analyze Bitcoin's price movements. They can help you identify potential turning points and make more informed trading decisions. However, like any tool, they should be used in conjunction with other forms of analysis and risk management to navigate the complexities of the cryptocurrency market successfully. So, as you delve deeper into Bitcoin trading, remember that fractals are your allies in deciphering the market's intricate patterns and uncovering opportunities for profitable trades. Thanks for Your attention.♥️ I hope this post was engaging and informative. Yours sincerely, Kateryna 🚀
BITSTAMP:BTCUSD
by RocketBomb
4
Bitcoin: Identifying Fractal FormationGreetings, dear friends, traders and enthusiasts! Today, let's dive into a chart analysis that uncovers a phenomenon – the formation of a fractal pattern. As we explore the intricacies of this market movement, we'll navigate through key trends and potential shifts that offer valuable insights for our trading journey. On the chart, we can observe the formation of a fractal pattern. The downtrend formation began within July, characterized by a prolonged sideways movement with periodic false upward breakouts, continuing until mid-August. Confirmation of the continuation of the descending trend was marked by a sharp price drop from 29 to 25 thousand. Currently, the price is following a very similar path (fractal) as before. We are now in a sideways phase, having already experienced one false breakout. Ahead of us lies a few days of sideways movement, with price oscillating within the range of 25,900 to 26,000. By the end of August or so, another false breakout might emerge. In the final days of summer, a price decrease can be anticipated, potentially even a significant one. I've attached my chart with a larger timeframe for a broader perspective👇 Thanks for Your attention.♥️ I hope this analysis was engaging and informative. Yours sincerely, Kateryna 🚀
BITSTAMP:BTCUSD
by RocketBomb
2
Bitcoin on 2h chart 17/08 by RBHello, friends! Today, I'm excited to provide an update on the 2-h chart of Bitcoin! In my previous analysis, I predicted a potential downward movement towards the 27,400 level, and the pricing appeared quite bearish. Subsequently, the price can experience a further decline, reaching 26,400. The next steps in price action allowing us to gain a clearer perspective. Recently, I stumbled upon a thought-provoking quote by a renowned individual which I believe resonates with our trading journey: “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. In the end, what matters isn’t crossing the finish line before anybody else but just making sure that you do cross it.” -Benjamin Graham Comparing your progress with fellow traders not only yields no meaningful insight but can also hinder your growth. Focus on setting personalized trading goals and channel your energy into achieving them. Remember, trading is a personalized journey, akin to running your unique race. Although these concepts might not be novel, revisiting them can aid in better absorption and application. How's everyone doing? Feel free to share your thoughts. I'm here to chat with You ! Warm regards, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
9
Decoding Bitcoin Halvings by RB🚀"Decoding Bitcoin Halvings: Analyzing Price Shifts and Patterns" Let's embark on a data-driven exploration of Bitcoin's halving phenomena, delving into the intricate interplay between scarcity, market dynamics, and price evolution. 🚀 Bitcoin's halvings, programmed to occur approximately every four years, are pivotal events designed to control its issuance rate. By halving the block rewards miners receive, Bitcoin enforces a deflationary supply model, mirroring precious metals' scarcity-driven value proposition. Halving I (2012): In November 2012, Bitcoin's inaugural halving took place, reducing the block reward from 50 BTC to 25 BTC. The immediate aftermath witnessed a modest price increase, revealing the early market's appreciation for reduced new supply. Halving II (2016): The second halving occurred in July 2016, lowering the block reward to 12.5 BTC. This time, the price response was more dramatic. A prolonged bullish trend began several months before the halving, peaking about a year after. The post-halving correction was followed by an extended bullish phase, underlining the cyclical nature of market sentiment. Halving III (2020): The most recent halving took place in May 2020, reducing block rewards to 6.25 BTC. This event was particularly notable due to its alignment with growing institutional interest. Bitcoin's price exhibited a similar pattern—pre-halving speculation, post-halving correction, followed by an aggressive bull market rally. Several intriguing patterns have emerged across halving events: 📌 The Pre-Halving Rally: Anticipation-driven rallies occur ahead of halvings, reflecting investor optimism about reduced supply and potential price appreciation. 📌 The Post-Halving Correction: Historically, a price correction follows halvings, often attributed to the "sell the news" phenomenon. This correction serves as a market reality check before the next growth phase. 📌 The Subsequent Bullish Phase: Post-correction, Bitcoin tends to enter a sustained bullish phase, as observed in the aftermath of each halving. This phase is often fueled by growing retail and institutional interest, media coverage, and macroeconomic factors. 2024 and Beyond: With the next halving expected in 2024, speculation is rife regarding its potential impact. While historical trends offer insights, it's important to consider new variables, including regulatory developments, technological advancements, and macroeconomic shifts. 💡 The story of Bitcoin halvings unveils a captivating blend of economic theory, market psychology, and technological innovation. These events not only reinforce Bitcoin's scarcity-driven narrative but also underscore its resilience amidst evolving market conditions. ❗️Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks.
BITSTAMP:BTCUSDEducation
by RocketBomb
6
BITCOIN out of RISING WEDGE?Hello dear friends! An interesting picture of Bitcoin's price movement! What are your thoughts? It certainly resembles a rising wedge, doesn't it? But what exactly is a rising wedge? A rising wedge is a pattern that develops on chart due to a narrowing amplitude. If you connect the highs and lows with lines, they'll form an imaginary angle that gradually narrows. Moreover, this angle needs to have a positive slope, creating an upward-pointing corner, indicative of an uptrend. A rising wedge serves as a bearish reversal pattern. Typically, it marks a reversal of an ongoing uptrend, although exceptions exist. There are instances where the rising wedge extends the trend. If a downtrend occurred before the wedge, the price declines after the wedge, effectively continuing the trend. Nonetheless, it's crucial to remember that post-rising wedge, a price decline tends to follow. The rising wedge is a relatively uncommon pattern and isn't easily identifiable. Despite the apparent balance between bulls and bears, the narrowing of the wedge corridor suggests that supply is prevailing. Ultimately, buyers capitulate, and sellers gain control of the market. If we presume this to be a rising wedge, then in the medium term, a significant price drop to $20,000 could be anticipated. Prior to that, a potential price retracement to the $28,000 level might occur. What's your take on this Bitcoin price movement? Feel free to share your insights and analysis! Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
5
ETH/USD on 3h chart by RBGreetings, friends!♥️ Welcome to a realm, where charts come alive and financial insights flourish.💥 Here, we dive deep into the world of trading, analyzing, and strategizing.🙌🏻 📈 Price Analysis and Potential Trade Opportunity 🔍 Price Movement: On the left, we have a real-time visualization of the current price movement. 📊 Typical Price Pattern: Displayed on the right is a chart illustrating the characteristic price movement pattern. 🔵 Potential Trade Range: I've highlighted the potential trade range in blue. 📉 Price Projection: It seems that the price can poised to oscillate within the range of $1858 - $1820. Subsequently, a price retracement to $1920 is plausible, followed by a potential decline to $1720. 🔍Have you observed a similar pattern in the past? What name would you assign to this particular pattern? Let's discuss and share your insights in the comments below! Remember, this post is not financial advice, and thorough analysis is essential before making any trading decisions. 📌This content is for educational and informational purposes only. Trading involves risks and it's important to do your own research Feel free to adjust and customize this post as needed. 🙏 Happy trading! Your Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
Explanations for Not Following Your TPHi! Have you ever abandoned your trading plan?🧐 If not, you should still read this, because you might be deceiving yourself!😉 If you have, why do you think you've been "unfaithful" to it? It's about you. Do you attribute it to your personality? Temporary loss of reason? Or perhaps, you see it as an inherent part of trading? Several factors could contribute to your lack of discipline. Depending on your personality, background, training, and experience with markets, you may struggle to control impulsive actions. For some, impulsiveness is ingrained. They find it challenging to concentrate, easily get bored, and seek quick thrills for relief. For others, impulsive behavior is linked to emotional vulnerability. Some individuals have difficulty managing their emotions, leading them to act impulsively out of frustration. Temporary setbacks are inevitable in trading. When highly emotional traders face these setbacks, they become overly distressed, leading them to close positions prematurely or make major trading errors in a frantic state, which can only be rectified by closing the position. No trader is perfect; any trader can be impulsive at times. Research has indicated that tiredness can impair concentration. As much as your conscious mind cares about adhering to your trading plan, your unconscious mind might think, "Who cares? I just want to get this over with and relax." Your psychological resources get depleted. Pushing yourself to the limit makes it difficult to concentrate on and adhere to your trading plan. Other traders may be impulsive due to lack of experience. It's unrealistic to expect adherence to a trading plan when you're uncertain about what you're doing. If you're new to trading, you may lack confidence and feel uneasy. You might hesitate to act, unwilling to risk your money because you don't have the strong belief in your plan's profitability that seasoned traders exhibit and it’s ok. "Who does nothing makes no mistakes." It's not you, it's your trading plan. You can't stick to a trading plan that you can't follow. If your trading plan is incomplete and crucial aspects remain unclear, you'll have difficulty following it. A trading plan should have well-defined entry and exit strategies. Monitoring signals that indicate trade progress are also crucial. Underestimating the importance of a clearly mapped-out trading plan is a mistake. The successful trader is a disciplined trader. Disciplined traders adhere to their trading plans and don't act impulsively. It's crucial to identify the reasons behind impulsive trading. It might be related to your personality or your trading plan, but whatever it is, gaining awareness of these factors and resolving them is essential. Once you control the impulse to act, you'll trade more profitably and consistently. In conclusion, a successful trader is not only someone who achieves consistent profitability but also someone who continuously learns and grows in this dynamic market. Remember to stay disciplined, manage risks effectively, and embrace both wins and losses as opportunities for improvement. As you continue your trading journey, may the charts align in your favor, and may your strategies be filled with wisdom and insight. Wishing you the best of luck and success in all your trading endeavors! Feel free to share your thoughts and experiences in the comments below. Let's support and inspire each other on this exciting trading path. Best regards and happy trading! Your Kateryna💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
2
Bitcoin by Rocket Bomb🚀💣Hello there, my beloved friends! ♥️I'm delighted to have You on my page!🤗 I recommend You evaluate my price movement scenario! I'd love to talk about it with You in the comments! On my chart, you can see the dynamic levels of support and resistance, which gradually narrowed by forming a triangle, from which we'll soon be able to see a way out! I still believe the exit will be in the 24-26 thousand range! However, if we break past the level 28-29k, the price may rise and begin a rising trend after leaving the triangle! If the price falls below $24,000, the declining trend will almost certainly continue! That, in my opinion, is what we can expect in the near future! What are your thoughts? Thank you for taking the time to read this. Sincerely, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
1
Bitcoin by Rocket Bomb🚀💣Hello, dear friends! I'm glad to welcome you on my page!🤗 Since the beginning of this month, russia has shelled Kyiv five times in various ways: these are super-heavy bombs and drones! The whole huge multi-million city trembled from the loud sounds of shots - our defense forces worked perfectly!💪 Just today I slept for the first time in two weeks! And immediately here to YOU!😊 Let's see what happened during this time and what we can expect in the near future :) You can pay attention how price of Bitcoin is formed! It's reminiscent of the previous design! Someone might say that it looks like accumulation and distribution, someone sees triangles, someone sees Bart's heads, etc. I think, that in coming days we can expect the price to drop to levels of 24k (lower - unlikely), then again we can expect a sharp rise in prices right up to levels of 31 and a little higher! Then the price can get a little stuck! Tell me how are you? How are you doing? Anything new ? The last two weeks have been the most stressful for me and it seemed more than a month had passed!🤪 Thank You for attention I'm waiting for Your feedback Sincerely Your Kateryna
BITSTAMP:BTCUSD
by RocketBomb
10
Bitcoin's Price Adventure💥Bitcoin's Price Adventure: Unveiling Patterns and Trading Opportunities! 🚀🌟 Hello, my dear friends!♥️ Today, we embark on an exciting adventure through Bitcoin's price action, delving into its captivating voyage from 2021 to early 2023. Get ready for a thrilling ride full of twists and turns as we uncover a tumultuous downturn, a period of anticipation, and an exhilarating surge that unveils new opportunities. We'll explore the formation of an ascending channel and the emergence of two intriguing triangle patterns. Brace yourselves for an engaging exploration! 🙌😄 The Turmoil and Stagnation: Oh, what a wild ride it has been! In 2021, Bitcoin faced its fair share of challenges. The cryptocurrency took a dip that left market sentiment bearish and caused losses for many. But fear not, for even amidst the chaos, Bitcoin remained resilient. Throughout 2021 and into 2022, it navigated rough waters, testing the patience of traders and investors alike. After the storm, however, came a period of calm. The market entered a phase of stagnation, like a tranquil oasis amidst uncertainty. Bitcoin's price found stability, longing for a catalyst to reignite the flame of hope. From late 2022 to early January 2023, we witnessed a period of consolidation, where the cryptocurrency yearned for a new direction. 🌊⚓️ The Ascension and the Ascending Channel: But behold! A sudden surge emerged, defying all expectations and breathing life back into the market. From the depths of the 16000 zone, Bitcoin soared to new heights, forging an ascending channel that paints a mesmerizing picture of progress. Picture it like a thrilling dance, with higher highs and rising troughs guiding us towards an exciting future. 📈💃 The Enchanting Triangle Patterns: Within this ascending channel, two captivating triangle patterns emerged, capturing our attention like hidden treasures. Like brushstrokes on a vibrant canvas, these triangles revealed themselves as consolidation phases within the greater upward trend. As Bitcoin approached the upper boundary of the channel, it encountered resistance, creating moments of suspense and anticipation. 🎨🔍 The first triangle pattern, an early protagonist, signaled a continuation of the prevailing trend. It represented a pause, a chance to catch our breath before the upward momentum regained its strength. Watch closely for the breakout from this pattern, my most attentive readers and watchers, as it may offer insight into the future direction. The second triangle pattern, took on the role of a reversal pattern. It introduced uncertainty, casting a spell of mystery over the market. Keep your eyes peeled for a breakout from this pattern, for it holds the key to the next significant price movement. 🎭🔮 Conclusion: In this thrilling Bitcoin price adventure from 2021 to early 2023, we've witnessed a breathtaking spectacle of events. A dramatic downturn, a period of anticipation, and an electrifying surge set the stage for an ascending channel adorned with enchanting triangle patterns. The savvy among you, my dear friends, can seize trading opportunities hidden within these patterns, like precious gems awaiting discovery. Follow the breakout points, trust your instincts, and nurture anticipation for the exciting future of Bitcoin. Hang on tight, my friends, as we unravel the mysteries of Bitcoin's price adventure. Your insights, discussions, and feedback are invaluable on this journey. So, tell me, what awaits us next? What are Your plans for the medium term? Let's dive into the conversation and navigate the exciting realm of cryptocurrencies together. Stay optimistic, stay encouraged, and let's make the most of this! Sincerely Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
10
From Halving to Halving Hello, my dear friends!♥️ I'm glad to welcome You on my page! Thank you very much for your activity, I really appreciate it!🙏 Today I decided to make a chart comparing the behavior of the price movement of Bitcoin on a weekly chart to predict the price before the next bull run! Weekly chart - the most convenient to look at a long period of price movement! That's very important, because right now many traders are confused <> What can we see on the chart?👀 First of all, it's worth noting the beginnings of halvings 2, 3 and 4 - they are marked with vertical lines on the chart - the light green zone - indicates the phase of active growth immediately after the halving! Immediately after the end of the growth, the price begins to form a triangle, which stretches until the beginning of the next halving - you can see the triangles in yellow! Of course, triangles are conditional figures - perhaps other traders see something different for themselves! But, my most attentive readers and watchers 😉 could notice a departure from the so-called big triangle - I have a suggestion - let's ignore it, because it is necessary to connect the price movement precisely by more lines touching, and this zone trying to confuse us! Let's see some details on the chart! It's important to note that in both triangles you can see similar price behavior - there are clear boundaries - the tops of the triangles - blue circles - the lower part of the large triangle touches the top of the previous - smaller one several times, which proves that before the next halving - re-test 16-15k levels again is more likely! And that's area will be optimal for buying next year!✊ As for the medium term - looking at the chart, we can assume that we have high probability of seeing 35 k! What conclusion can we draw from what we have seen and read? Medium-term perspective - 35+_k - fix profit! Next, we are waiting for the fall to levels 15-16 k and waiting for the halving! Everything, that you have seen and read is only my judgmental vision of the market situation and Bitcoin price movement! Waiting for You in the comments for discussion! What are Your plans for the medium term? Sincerely Yours Kateryna♥️ Take a look at some EDU!
BITSTAMP:BTCUSD
by RocketBomb
6
Bitcoin by Rocket Bomb🚀💣Hello dear friends! Here I am again! 😊Now the activity on the platform leaves much to be desired, so I'll immediately ask you to click <> to my enthusiasm👍, it will be more pleasant for me to create new content for You! What do we see on the chart?👀 Today I would like to demonstrate, that Bitcoin's rollback from its bottom (16k) has already taken place - and very profitable - by almost 100% from the bottom to 30k!✔️ Now we are seeing a price rollback to 27,000$. I expect the price can go down to 26k maybe even 25k and go up to 37k POSSIBLE - that's the medium term perspective! And if it will happen, then the growth from the bottom to 37 thousand - will be an increase - 135%! I think everyone understands, that it's not time for a new bullish cycle, that's just a protracted price rollback after the last bull run! Therefore, my post is for those - who wrote me, that he/she has a super-mega - bullish mood! Just be careful! Now it is important to monitor the market at shorter time frames! But don't forget about the daytime picture!😊 I really hope it was helpful to You! Don't get too bullish - it can be deceiving! Stay safe Sincerely Yours Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
40