Cake/BTC | Cryptocurrency | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Cake/BTC | Cryptocurrency
- Double Formation
* Flat ABC | Downtrend Continuation
* 3X Retracement Not Numbered | Subdivision 1
- Triple Formation
* (Flag Structure) | Completed Survey | Subdivision 2
* 2X Retracement Numbered | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
CAKEBTC trade ideas
CAKE/BTC Analysis: Trends, Support, and ResistanceCake has established contact with its primary support block, indicating a strong potential for a favorable return from this level.
This is considered a low-risk area for entry.
Additionally, Bitcoin dominance signals suggest that an altcoin season may be imminent.
Pancakeswap | Volume Or No Volume, The Altcoins Are Going Up!Ok, these are early signals, I'll give you that, but the dynamics are there...
Hello my dear reader, it is you and me again!
There is no volume!
What happened?
If we look back to October 2023 when the rounded bottom showed up, we have huge volume. So the signal is there, what about now? There is no volume! What happened?
After the major drop in early August, there is a small rise, the "initial bullish breakout." This rise is then corrected and the action, so far, produces a higher low.
The higher low happens before reaching the July 2024 low. Above this level, CAKEBTC can be considered bullish. Bullish as in "bullish potential." In the sense of "buy low to sell high."
None of this means that it cannot fail, crash; move lower.
It only means that this is the type of chart setup that is good to win.
Low risk. No, "no risk," but low risk.
Low risk vs a very high potential for reward.
Getting early has its disadvantages, the chart setup can fail, but this is the same all across. It doesn't matter which method you choose or what you do, there are always advantages and disadvantages, there is always risk involved... If you jump in too late, you might miss the bigger portion of the wave. If you enter too late, it can start to reverse the next day.
If you are just calm with a strategy to buy and hold, you can jump in and let the market take care of the rest.
Volume will come in as soon as the bullish action intensifies.
There is no volume because it is really early, and I like to be early to the party, so that I can choose the best place, or entry price in this case.
Just watch! Everything can change in a matter of days.
The Altcoins are going up!
... Volume or no volume ...
Namaste.
✳️ Pancakeswap Recovers From Major Crash (235%+ Next)Pancakeswap (CAKEBTC) produced a major low in October 2023 vs May 2022, one of the strongest correction across the medium-sized Altcoins.
The good news is that the recovery looks pretty good and currently the action moved above EMA50, signaling that CAKEBTC is ready to grow for months; medium-term.
The target on the chart matches the same price level saw in early 2023 around February, this would be an easy target and still part of the recovery. It would take a bit longer to reach higher but higher is the final goal.
➖ After such major correction, it is easy to see growth.
➖ Low risk with a high potential for reward.
Additional details can be found on the chart.
Namaste.
pancakeswap hello dear traders
The new Tokenomics are great! Only whales leaving at the moment that would have left later on with much more value of Cake. The tradingvolumen is still the same if not increasing at the moment :D The website stats of monthly user won't change at all. New tokens and Ifos will keep launching day by day on pancakeswap. If you wanna buy Cake it's a great time now! The amount of cake that is getting burned the next weeks/ months will be hilarious high!🔥
CakeBTCHI guys, today we analysis the most ridiculous token on bnb smart chain.
after 700 days accumulation ,
Finally, the price of this token reached the area we were waiting for
From now on, we will wait for price action conditions that will show us whether it is possible to make a purchase or not.
IMORTANT ZONE WAS DRAWN BY GREEN AND EXACT DEMAND ,SUPPLY BY RED LINE AT THE RIGHT SIDE OF CHARTS.
BINANCE:BNBBTC BITSTAMP:BTCUSD BINANCE:CAKEUSDT
BINANCE:CAKEUSDT BINANCE:CAKEBTC
#CAKEBTC - Long - Potential 100.36%#CAKEBTC - Long - Potential 100.36%
Strategy: Long
Exchange: Multi-Exchange
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
Target 5 : 3568 99.33%
Target 4 : 2675 49.44%
Target 3 : 2139 19.5%
Target 2 : 1959 9.44%
Target 1 : 1873 4.64%
Entry: 0.0001757 ⌁ 0.0001790
Current market price: 1781
Stop: 1627 (-9.11%)
Technical indicators:
24h Volume: 17.92449253
Satoshis: 1781
Volume breakout from a bullflag.
Trade: CAKEBTC 24/01/2023 12:05
Account: SPOT
Volume last 24h: 17.92 BTC
Volume in buy range: 0.34 BTC
PancakeSwap (CAKE) formed Bullish Gartley | Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of PancakeSwap (CAKE) with Bitcoin .
On a 4-hr time frame, CAKE has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bitcoin devil - COPY BOT / BTC base currency / CAKE/BTC=== Time window ===
01 / 01 /2021 - 20 /10/2021
=== Example settings ===
Initial capital = 1 BTC
Stop loss = 8%
Trailing percentage = average amplitude of weekly price movement
Arm Trailing = standard deviation of amplitude
sell based on strategy = Disabled
DCA = Disabled
Cool down = 12 hours
=== Base currency ===
BTC
=== Disclaimer ===
All strategies and templates presented by Bitcoin devil are created and optimized to aim at maximum profits. However, always preform your own research and risk assessment. Our backtest results are only meant to give an indication about the performance of the strategy. Past performance does not guarantee future results. Use our products at your own risk. Bitcoin devil is not a financial advisor and not responsible for any losses. Before purchasing any of our products or services please inform yourself with the Terms and Conditions on our website.
#CAKE, quite bullish over the last 10 days..#CAKE
Not sure why but it has been acting quite bullish over the last 10 days..
Currently trying to see if its able to hodl/flip the ~20k sats area (and avoid a rejection similar to what Aug 7 showed)
If this occurs, there may be room for an additional 20% run-up.
⌛️
Will CAKE in pair BTC beat its goals?Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - 0.0001561
T2 - 0.0001664
T3 - 0.0001768
and
T4 - 0.0001915
Now let's move on to the stop loss in case of further market declines:
SL1 - 0.0001463
SL2 - 0.0001407
SL3 - 0.0001326
and
SL4 - 0.0001225
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and in the MACD indicator we see that the blue line is approaching the red cross from below, which would confirm the upward trend.
PancakeSwap Easy 22% Jump Explained!We are looking at CAKEBTC (PancakeSwap) and we can easily see a bullish move developing.
Notice how the 16-March low led to a move that was rejected at MA200.
Now, we have a new low 12-May which will be followed by another test of the MA200 resistance at 0.0001910.
That's a 22% price jump from the current price.
The stop-loss can be set right below EMA21/EMA10 (manual).
This is not fiancial advice.
We will track this one.
Namaste.
Cake/btc weekly falling wedge on verge of breakout!This is a weekly pattern but is just more visible on daily chart!
Hi guys this pattern of cake/btc is close for a breakout so i bought some cake and staked it on binance. You could leverage this trade but personally I'm planning to jump on spot because i want to hold cake to ath and above while also staking cake! this is NFA! DYOR especially if you're a leverage trader!
Cake in accumulation area.I don't think that cake could bounce to all highs, but it's in a nice area where funds could accumulate, even at these lower prices it's #56 at Coinmarketcap.
- ABC to the downside, wave C 5 clear internal waves, the bottom might be soon.
- Harmonic Gartley that I didn't draw, but retracement to .61 and pulls back to .78-.886 area is a clear Gartley.
I would not start buying until I see a chart pattern in the bottom telling us to buy, a double bottom, a triangle, a falling wedge break, etc. A clear sign that the C has ended, if you want to anticipate, you can build a starter position with a very low amount.