uptrendIt is expected that after some fluctuation and correction, a trend change will be formed and we will witness the beginning of an upward trend. If the price crosses the red support zone, the downward trend is likely to continueLongby STPFOREXPublished 1
Chart Pattern Analysis Of Bitcoin. K1 and K2 is a bearish harami pattern, It verified the potential resistance. It is likely that a consolidation or downtrend had started from K1. From K1 to K3, The demand keep decreasing, It is likely that K4 will keep falling to test the lower price are of K3. If the market find enough demands there, It will be a good place to buy it at about 50K area.Shortby nothingchangeherePublished 1
How You Can Be Wrong and Still Make Money in TradingIn trading, the concepts of "right" and "wrong" are far more nuanced than they might appear at first glance. Many new traders tend to focus on the binary outcome of individual trades — a win feels "right," while a loss feels "wrong." However, the reality is more complex. You can be "right" in the short term and "wrong" in the long term, and vice versa. Additionally, you can be wrong more often than not and still be profitable, depending on how you manage your risk. Let’s dive into these ideas and explore how you can shift your mindset to become a more successful trader. Short-Term Success vs. Long-Term Gains In trading, it’s possible to make the right decision based on short-term movements but be wrong in the bigger picture. For example, you might catch a bullish breakout on a stock or currency pair, ride the momentum for a quick profit, and exit your trade thinking you were "right." However, the same asset could enter a prolonged downtrend shortly afterward, meaning your initial trade was correct in the short term but wrong in the long-term outlook. Conversely, you could be "wrong" in the short term by entering a trade too early, seeing some losses, but if your broader analysis holds true, you could eventually profit when the market moves in your favor. In these cases, it’s not just about the immediate outcome, but about how your trades fit into the larger trend or strategy. This balance between short-term and long-term thinking is critical. Often, traders lose sight of the bigger picture because they are too focused on short-term fluctuations. Markets move up and down constantly, and understanding the difference between short-term noise and long-term trends is key to sustained profitability. A Real-Life Example: Who Was Right? Let’s illustrate this with a real-world scenario. Imagine you bought Bitcoin in 2021 at $50,000, and after, the price dropped to $15,000. Now, let’s say I sold Bitcoin in 2021 at a high price before the drop. Who was right, and who was wrong? In the short term, I appeared "right" because I made money on my short trade when the price of Bitcoin fell. On the other hand, you seemed "wrong" when the price dropped to $15,000, significantly below your purchase price. But fast forward to today. Bitcoin's price has risen again, and you’re now back in profit on your long-term trade. So, were you wrong? No — you held through the bearish cycle, and over time, your patience paid off. In this case, both of us were right depending on the time frame. This example highlights the importance of understanding the context of "right" and "wrong" in trading. The outcome of a trade can vary depending on your time horizon and strategy. What might seem like a losing position in the short term could turn into a winning trade over the long term. The Role of Time Horizon and Stop Losses I sometime receive comments from people claiming I was "wrong" when I make a prediction about an asset going up or down, only for the price to move in the opposite direction in the immediate instance. What many don’t consider is my time horizon or where my stop loss is set. Every trade comes with a planned strategy: an entry, a time horizon, and most importantly, a stop loss. Without understanding these elements, it's easy to jump to conclusions about whether a trade is "right" or "wrong." A trade may appear wrong at first, but it’s only truly wrong if it hits my stop loss or fails within my intended timeframe. It’s crucial for traders to remember that the market doesn't move in straight lines. Prices fluctuate, and often, the noise of daily movements can make it seem like a trade is going against you before it eventually turns around. This is why having a clear strategy, including a stop loss and a well-defined time horizon, is essential for long-term success. It’s not about getting every trade right in the short term — it’s about managing the bigger picture. A Recent Example: Right or Wrong? Let’s look at a more recent example. This week, Gold dropped by 400 pips at one point. I catched part of this move, made money during the drop, and took my profits. However, Gold is now trading slightly above the price where it started at the beginning of the week. Meanwhile, a friend of mine remained strongly bullish, expecting Gold to eventually break $2700 — and it seems like he will be right at this moment. So, who was right, and who was wrong? The truth is, we were both right. I made money on a short-term drop, while my friend may see profits from his medium-term bullish outlook. The key takeaway here is that different trading styles can yield profitable outcomes even when the direction of the trade appears contradictory. This example highlights the importance of understanding what type of trader you are: Are you a short-term trader looking to capitalize on daily moves? A swing trader aiming for mid-term profits? Or a long-term investor waiting for broader trends to unfold? Each approach requires a different mindset, strategy, and time horizon. The Power of Risk-Reward Ratios One of the most critical principles in trading is managing your risk. Many traders believe that to be successful, they need to win more than they lose. However, this isn’t necessarily true. You can be wrong six out of ten times and still make money if your risk-to-reward ratio is favorable. For instance, with a risk-reward ratio of 1:2, every time you risk $1, you aim to make $2 in profit. If you take ten trades and lose six, you might lose $6. But if you win the remaining four trades and each nets you $2 in profit, you make $8. That leaves you with a net profit of $2, even though you were "wrong" more often than you were "right." This approach emphasizes the importance of managing risk over being correct on every trade. The lesson here is that it's not about how often you're right but how much you make when you're right and how little you lose when you're wrong. Having a sound risk management strategy, such as a 1:2 or higher risk-reward ratio, can help you remain profitable even with a lower win rate. Embracing the Reality of Losses In trading, losses are inevitable. Even the best traders in the world lose money on some portion of their trades. The key is how you handle those losses. Many novice traders fall into the trap of believing that every loss is a failure, leading to frustration and emotional decision-making. In reality, losses are just part of the process. The most successful traders understand that losing trades is also part of their strategy. They manage their losses by sticking to a disciplined approach, cutting losing trades quickly, and letting winners run. They don’t let a few wrong trades derail their confidence or strategy. This is where having a clear plan and sticking to your risk-reward parameters is crucial. Shifting Your Mindset To succeed in trading, you need to shift your mindset from focusing on being right or wrong on individual trades to thinking in terms of probabilities and long-term success. Trading isn’t about having a 100% success rate — it’s about having a consistent edge and managing risk effectively. If you can accept that losses are part of the journey and focus on maintaining a favorable risk-reward ratio, you'll find that being "wrong" on trades won’t prevent you from being profitable overall. The key is to stay disciplined, stick to your plan, and always think about the bigger picture. Conclusion: Redefining Right and Wrong in Trading In the end, the concepts of right and wrong in trading are more fluid than they initially seem. You can be wrong more often than you're right and still be profitable, provided you manage your risk and maintain a favorable risk-reward ratio. Similarly, you can be right in the short term but wrong in the long term or vice-versa and still make money. The next time you analyze a trade, remember: success isn't about being right on every trade, but about managing your trades wisely and thinking in terms of probabilities. Trading is a marathon, not a sprint, and understanding the balance between short-term outcomes and long-term success is what separates the average traders from the truly successful ones. Best of luck! Mihai IacobEducationby Mihai_IacobPublished 3313
BTC TO DROP i believe btc is going to drop for a while because it has eached a major levelShortby clintonvincent0Published 4
BITCOIN (BTCUSD): Potential Areas to Watch for Bullish TrendBitcoin violented a resistance cluster formed by a downward trendline and a horizontal structure, suggesting a potential increase in price. However, upon retesting the broken structure, the price falls below a support line in an ascending channel. One potential outcome is a pullback before a rally. The initial support range is between $60,036 and $61,368, with a possible drop to $57,300. This level could serve as a foundation for support before a reversal sends the price back towards the target of $68,000. Overall, the outlook is optimistic, as Bitcoin is expected to rebound following a corrective decline.Longby linofx1Published 6625
BTC is tryingAs I expected BTC rejected at 66k and made a pull back to 60k, as I mentioned before not holding 62k BTC might just get bearish, and I still expect that. But for now the short term is showing a lot of demand at 60-61k, so keeping this demand will impulse the market to around 64-65k, if it fails to pass resistance (the most likely scenario) then it will continue with the down trend to the low 50s. Longby GoldHatTraderPublished 2
BTC Longs, let there be light. In the beginning satoshi created the substance and the form. And the earth was without form, and void; and darkness was upon the face of the deep. And the Spirit of BTC moved upon the face of the waters.Longby privatebillionsPublished 3
$BTC completed a 5-wave. Now in Wave-II consolidationCRYPTOCAP:BTC has completed a 5-wave sequence for Wave I. It's now in Wave II consolidation. 50% retracement is $59,540. $61.8% retracement is $57,880Longby ewmarkets67Published 3
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.by ClashChartsTeamPublished 1
Bitcoin In a Possible Bearish Short Term Trend Bitcoin in a Possible Bearish Short-Term Trend Bitcoin recently completed a harmonic pattern near the 66,500 level. The initial price reaction was positive, increasing the likelihood of the beginning of a bearish movement. This harmonic pattern adds more weight to the bearish scenario we are considering. However, from a different perspective, BTC has been making significant upward and downward moves. When we refer to past movements, BTC is currently in a similar area. I am looking for profit-taking opportunities near strong zones where the price has previously reacted, specifically around 59,800; 55,700; and 52,800. You may find More Details in the chart PS Support with like and comments if find this analysis useful for your Trading day ❤️Shortby MrCharlie1Updated 4482
Btc and my plan,Just a simple SMA play for longs and shorts. Stick to your plan, and if you don't have a trading plan get one. I hope this helps. Happy trading.by Sir-KameleonPublished 1
Hiroshima bomb explosion will be child game compared to thisYes! The movement will be huge. We have a symmetrical(A) triangle breaking the downtrend, followed by an interlaced megaphone(B), and finally another megaphone(C) finishing exactly above the resistance of the symmetrical triangleLongby AllAboutMoneyPublished 1
Short term rally on BTC Bullish setup forming on BTC 1h could see as high as 65k near term Longby Genesis_33Published 1
Bitcoin Potential Bull Flag w/ $35K (91%) Gain on Valid Break!Here I have BITSTAMP:BTCUSD on the Daily Chart! 2024 has been an Exceptional Year for Bitcoin after its nearly 2 Year Monumental Recovery from the Nov. 2022 Low @ $15,512 to pushing price up past the 3 Year High of $69,000 on Nov. 10th 2021 to the now New 8 Month High @ $73,835 on Mar. 14th 2024! Fall '21/Summer '22 - Bitcoin is in a Declining Stage Fall '22/Summer '23 - Bitcoin is in an Accumulation Stage Fall '23/Spring '24 - Bitcoin is in a Advancing Stage Spring '24/Fall '24 - ( Distribution or Accumulation) ??? Fall '24/Summer '25 - ??? Currently, Bitcoin is exhibiting signs of a Potential Bull Flag with a Flagpole suggesting a potential 91.78% or $35,334.57 Gain with a Valid Bullish Break!! We can see Bitcoin has been in a Descending Channel since the Spring of 2024 came but Price Action has made a few key movements that I'd like to point out: - After traveling the Descending Channel from the Higher High @ $73,835.57, Price makes a False Break of the Channel that touches the Previous Level of Structures Higher High and makes a 38.2% Retracement of the Current Higher High and is immediately brought back up into the Channel. - Price continues to stay magnetized to the 200 EMA since its entered the Channel but Price seems to be trading Above it with ease in this Consolidation Zone. Now this current Channel or Consolidation Price has been in from this Summer '24 going into this Fall '24 can either be an Accumulation OR Distribution Stage, all based on if we get a Bullish or Bearish Break to this Channel and something tells me we are looking at a Potential Bull Flag in the Making with the potential to reach -Bullish Bias on BITSTAMP:BTCUSD Fundamentals: - BITSTAMP:BTCUSD has been gaining not only Domestic but Global traction with stories like El Salvador this year making Bitcoin its Official Currency! -Economics now accepting more transactions Crypto-wise showing honest Expansion and Integration into society -A lot of statistics show that people believe the USD may be looking at a downfall in the coming years and Crypto, specially BITSTAMP:BTCUSD potentially being a savior! People are not only fleeing to Commodities and Bonds when devaluation peers its head, but Crypto seems to start being another sector to look towards!Longby Novi_FibonacciPublished 6
Target Zone BTC: 80.500BTC: Target zone: 80.500 BTC has the botom line on May.2024 and Aug.2024 are undercuting the bottom of Mar.2024, and the bottom 09.2024 is near the bottom on 05.2024, I think this is positive signal. What is the price behavior of BTC suggest that the bottom of BTC is defined. And in the daily chart of BTC, the Head and Shoulder was established and completed by the event of breakout the price zone: 63.900. Therefore, I think the target zone of BTC is 80.500, corresponding with the upside is 25% For the trading plan, I think the best price to buy BTC just gone. Therefor we should patient to hold if we just bought BTC and we can add more or buy new position if BTC has a retest near the boundary in the next week. Longby phanthangtradingUpdated 1
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!by marshyyyPublished 2
Technical analysis of Bitcoin. D1 21.09.2024Technical analysis of Bitcoin On bitcoin, I have said many times on webinars that when the Fed rate is cut, the priority will be up for an overhigh. Now on the daily chart, the price has made a segment overlap upwards and formed a buyers zone. The correction may go to 57k-60k and then up to test highs near 70k. I do not expect a major fall on the background of the rate cut. Longby KovachTraderUpdated 7
HODL or FOLD - As always, everything is presented graphically. - This isn't a price prediction. - Which trend do you prefer: $125K or $250K? - Share your thoughts in the comments! Stay strong, don’t give food to the Whales! Happy Tr4Ding!Longby thecryerPublished 5529
btc wyckoff accumulationblah blah blah this ones for all the fans out there -- btc is at mid range support after finding its way back up from range lows, its clear to me that bulls are in control at the moment and have been forming nice accumulation at the middle of the range, hoping for a good push up to the top. no reason for bears to be in control so lets just have fun guysLongby MilkLover69Published 669
BTC SELLWe expect the price to drop. Optimal selling zone is between 61000-61600 Sell fixes between 58600-59200.Shortby Red_eyePublished 1
BtcBullish div its time to reach ath zone !! do not take part in the news, it has nothing to do with the future of cryptography, it is even more beneficial. Next analysis will be done upon arrival at the ath🙋♂️ E cash ready the road to 1$ Tchao see u soon Better together 🤝👊🚀⬆️Longby jupitertradePublished 2
BITCOIN Swing Forecast! Buy! Hello,Traders! BITCOIN is trading in an Uptrend and the coin has Formed an opening wedge Pattern so IF we see a bullish Breakout we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignalsPublished 116
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetectivePublished 2