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RAREBTC trade ideas

RARE (vs a Bullish/Bearish Bitcoin) | 125% BU-Pot. FWedgeIn just six days, RAREBTC has grown beyond 75%. This is happening with a strong breakout out of a falling wedge pattern. A lower low is present; August 2024 (lower) vs October 2023 (low). That is 291 days of bearish action before the next bullish jump. Almost ten months between each wave. ➖ Are we set to experience a bullish wave or a bullish phase? Back in October 2023, Bitcoin was moving from an average price of 25,000 toward 70,000+; growing. In the present situation, Bitcoin is moving from a price of 74,000 to 30,000 or below; shirking. Since this is a BTC pair, the possibility is that the bullish-wave is many times stronger compared to 2023. We are likely to experience something that is new to many. Something that has not happen in maybe 4-6 years for most BTC pairs. 👉 Prepare for massive growth. Believe it or not, it is going to happen. You've been warned. Namaste.
Long
by MasterAnanda
6
RareBtc trading opportunityRAREBTC has been forming a bearish pennant structure on the chart, which is a continuation pattern that forms after a sharp drop in price. The pattern is formed by a series of lower highs and higher lows, and the price tends to trade within the pennant until a breakout occurs. Currently the price already break down from the bearish pennant structure and expecting a retest of the support level before continuing its downward momentum. Our measured target for RAREBTC is shown on the chart. Thank you for reading, and we appreciate your likes on this post.
Short
by weslad
2
✳️ RAREBTC | Opportunity Series #5 (Basic Trading Tips)Here is an interesting one, we can see RAREBTC hitting a lower low vs June 2022 in March 2023 while the RSI and MACD both hit a higher low; bullish divergence. The lower low is good if you are looking from a bullish perspective because the stop-losses have been activated, there isn't much left to look for by going lower and thus the break up has higher probability. A volume breakout is indicative of an upcoming change of trend. As usual, the signals are just for reference, for trading purposes one focuses on support and resistance levels. ✔️ If prices move and close below support (the stop-loss), you close the trade at a loss (around 10% in this case). ✔️ But, if the prices go up, we earn and the potential to earn can be 60%, 80%, 150% or more. Low risk with high potential for reward. ✔️ The blue line/space is the support/stop-loss, the green lines the targets. You can lose 10% on 5 trades. You can win 300% and 200% on 2 trades. The two positive trades can give more winnings than the five losing trades if you follow a plan. This is important to diversify. Remember to boost, follow and comment. Namaste.
Long
by MasterAnanda
1
RAREBTC Trading ideaRAREBTC appears to be exhibiting an ADAM and EVE structure on the chart. The ADAM and EVE pattern is a technical analysis pattern that can indicate a potential trend reversal in the market. The ADAM pattern is characterized by a sharp drop in price, followed by a rounded bottom and a sharp rise, while the EVE pattern is characterized by a rounded top followed by a sharp drop. The pattern neckline is a good zone for immediate target area for any immediate Long position from here. Do make sure to appreciate our effort with your likes. Remember to follow us for latest update and join our live trading update. As always, it's important to conduct your own research and analysis before making any trades, moreover, never risk more than what you can afford to lose.
Long
by weslad
2