Bitcoineducation — Trading Ideas on TradingView

An In-depth Look at the Bitcoin Halving History and 2024 A Brief Overview of Previous Bitcoin Halving & Its Effects on the Market Bitcoin halving is an event that occurs every four years and halves the reward for miners who successfully mine a new block. The Bitcoin protocol is heavily reliant on a concept known as mining. Mining is an essential part of the Bitcoin network and this is the process of verifying transactions on the Bitcoin blockchain, and has a significant impact on the Bitcoin market, as it affects the supply and demand of the Bitcoin. The first halving of Bitcoin occurred in 2012 and marked a major milestone in the cryptocurrency's history. Halving process reduces the amount of new Bitcoins created and released into circulation every 10 minutes, thereby reducing inflation and increasing the scarcity of Bitcoin. The halving event was seen as a bullish sign for the future of Bitcoin, as it suggests that demand for the digital currency is increasing while supply is decreasing. The rest of halvings in 2016 and 2020 Bitcoin price was followed by a pre-event and post-halving bullish rally which saw Bitcoin prices soar to all-time highs in 2017 and 2021 respectively. - What are Predictions for the Future Effects of 2024 Year's Bitcoin Halving on Prices? The Bitcoin halving of 2024 will be one of the most anticipated events in the cryptocurrency world. It is expected to have a major impact on the price of Bitcoin, and many experts are predicting that it could result in a significant increase in its value. It is important for investors to understand how this event is affecting the market so that they can make informed decisions about their investments. As we approach the Bitcoin halving, it is important to understand what it means and how it will impact the cryptocurrency market. 2024 year's halving will reduce the reward for miners from 6.25 BTC, the next block reward will be 3.125 BTC per block mined, which could have a significant effect on the price of Bitcoin and other cryptocurrencies. To prepare for this, investors should be aware of potential changes in market dynamics, such as increased FOMO stimulus, sudden price volatility prior to halving. The halving events of Bitcoin have been divided into sectors in a chart to provide an insightful look into its history. It is interesting to note that each halving event is marked with a unique color, starting with number 0. This chart also provides a glimpse into the changes in Bitcoin's value during these events 1-2-3, and how they have impacted the growth of Bitcoin 1 Rising phase (2013, 2017, 2021) 2 Crash phase (2014, 2018, 2022) 3 Bottom Phase (2015, 2018, 2023?) According to this trend we can expect that 2023 is the Bottom phase of the cycle, and is likely to see prices double as investors look to make profits on the increasing scarcity of Bitcoin. After this, it's likely that we'll experience a rapid rise back towards new All-time Highs (ATH), as investors FOMO to take advantage of the increased demand. The bitcoin halving of 2024 will be a pivotal moment. After the halving, the amount of newly mined bitcoins will be reduced by half and this could lead to a significant change in the Bitcoin price. This may have both positive and negative implications for the value of bitcoin, however it might be a pure math of Supply and Demand. Best regards Artem Shevelev

Bitcoin to $170K with Fibo Extension ? + A walkthrough of BTC 1. Previous ATH at $60,000 in 2021 formed a double top. 2. Support ~$30,000 broke. 3. Bottom in late 2022 after a bullish RSI divergence. 4. 50% retracement at $30,000 (support-turned-resistance) 5. The 61.8% Fibonacci retracement matched RSI overbought at 70. 6. Price fully retraced 100% of its decline to hit a new ATH. 7. 161.8% Fibonacci extension has objective of ~$170,000. Also if interested, check out my full guide to predicting crypto here: How to Predict Cryptocurrency Prices for 2024 & Beyond: ‘Trade Facts, Not Wishes’ www.techopedia.com

5 RULES DISCIPLINED TRADERS FOLLOW 👨‍🎓Hey guys! In this article you will learn about 5 RULES DISCIPLINED TRADERS FOLLOW, let's dive in it! But before you do so, make sure you follow my page and turn TradingView notifications ON! Let's go! 1️⃣ Follow Financial Plan, Do Not Go All In A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for every buy or sell entry. Do not go all in! Want to lose most or all of your money real fast? Make outsized trading bets, like a roulette player betting it all on red or black. In fact, big trading bets are a form of gambling. So avoid gambling, stop going “all in” in single stock or coin. Start planning your investments, invest in the long-term at least 10% of your income every month in markets and other assets. If you invest a certain amount every month, you are buying shares in good times as well as bad times. In good times, the value of your shares increase. If you keep your cool and stick with the plan even when the market is down, you get more shares for your money. These additional shares boost investment returns when the market rebounds. This is a big part of the reason why regular stock investors get a higher long-term return compared to safer investments despite the temporary ups and downs in the market. A long-term investor has a minimum of a 20-year time horizon; this time frame enables them to avoid playing it safe and to instead take measured risks, which can ultimately pay off in the long run. 2️⃣ Treat Trading Like A Business To be successful, you must approach trading as a full- or part-time business, not as a hobby or a job. If it's approached as a hobby, there is no real commitment to learning. If it's a job, it can be frustrating because there is no regular paycheck. Trading is a business and incurs expenses, losses, taxes, uncertainty, stress, and risk. As a trader, you are essentially a small business owner and you must research and strategize to maximize your business's potential. Think in Long term – Don’t trade like you are going to retire tomorrow Have a Clean Trading Office That inspire you Have a trading Plan for Your Trading Business Don’t Present Yourself all Over the Market – Have a Proper EDGE over the Market Have a Strict Daily Trading Routine & Follow it Continuously Always Protect Your Trading Capital Have Solid Trading Journal 3️⃣ Don't Trade Everyday You don't have to open trades every day Beginners tend to think that professional traders open their trades every day. But this is not true. Professional traders wait for good trading opportunities and only then enter the market. Some days there will be no good trading opportunities. Sometimes the volatility will be too low, and you simply will not be able to take more or less decent profits. Sometimes, on the contrary, the volatility will be too high, and you will not be able to open your trades safely. There can be many different reasons in the market when it is best to refrain from trading. Experienced traders know when to sit back and just wait. At the same time, most novice traders constantly open new positions because they think they should trade. But in the end, they make bad trades and constantly suffer losses. If you don't find valid good entry points, but still open new trades, you will lose much more money than if you had the patience and stayed out of the market. 4️⃣ Accept Losses, Losses = Learning It is much more useful to accept the fact that losses are the norm rather than the exception. It is also vital to define your potential losses before you enter any trade. Define your possible loss, or risk, in comparison to your possible reward, or profit. It is also vital that you don't take losing personally. 5️⃣ Risk Only What You Can Afford to Lose Let the profits flow and cut the losses. This idea is one of the most common among traders. As George Soros said: It doesn't matter if you're right or wrong. What matters is how much you earn when you are right and how much you lose when you are wrong. The key to trading success is to grow your profitable trades. Traders who are afraid of losing their money often stop paying attention to the market situation and become too attached to the current profit. They make their decisions about open positions based only on the fear that the price will not reach their profit. We know that unfixed profits still belong to the market. But once you start cutting back on your winning trades, you also cut your risk to reward ratio. Of course, sometimes the market will give you less profit than you bargained for. And that's okay. To trade successfully, you must free the market and stop restricting it. But if you are trading with money that you fear losing, you will not have that luxury. Instead, you will be afraid of losing your accumulated profits and you will not be able to sit back and let the market do its job. The beauty of using multiple risk-reward ratios is that you can ignore your winning ratio and still make good money. If you reduce this ratio, you are faced with the need to make a high percentage of profitable trades in order to make a profit. Basically, you yourself are reducing your chances of achieving success. Stay tuned for further updates! Always learn, never give up! Best regards Artem Shevelev

Bitcoin Is Inevitable! How And Why? Bitcoin Is Inevitable! How And Why? ♦️Bitcoin is a cryptocurrency with a limited supply of 21 million coins and no pre-sale process. These features make Bitcoin unique from other cryptocurrencies and give it a unique value. ♦️Bitcoin's limited supply makes it a barrier against inflation. Inflation means that the purchasing power of money decreases over time. This causes people to have to save more money to protect the value of their money. Bitcoin's limited supply provides protection against inflation because it is impossible for Bitcoin's supply to increase. This causes Bitcoin's value to increase over time. ♦️Bitcoin's lack of a pre-sale process makes it more transparent. Bitcoin was launched in 2009 by Satoshi Nakamoto and has been traded publicly ever since. Bitcoin's lack of control by any government or institution makes it more transparent. Bitcoin's transactions are visible to everyone and this makes Bitcoin a more reliable currency. ♦️Bitcoin's limited supply, lack of pre-sale process, and decentralization make it a unique cryptocurrency. These features make Bitcoin a barrier against inflation, a more transparent, and more reliable currency. ♦️This graph shows the value of Bitcoin on the first day of each year. Bitcoin's growth is inevitable, as governments are constantly increasing the money supply. On the other hand, the supply of Bitcoin will never increase. Thanks for reading. If you have read so far, I bet you liked it. Do not forget to hit the like button.

[Tutorial] Price Action And How Can We Use It To Make Money Welcome to this video on Bitcoin and price action Part 1 of 3. But what exactly is price action, and how can it help you make informed trading decisions? Price action is a technique used by traders to analyze market movements based on the price and volume of a security, without relying on technical indicators or other external factors. In this video, we'll explore some of the most commonly used price action patterns in Bitcoin trading , including support and resistance levels, trend lines, candlestick patterns, price action patterns, and moving averages. We'll also discuss how to use these patterns in combination with other forms of analysis to make informed trading decisions, and how to manage risk when trading Bitcoin.

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#Bitcoin Making a Case For Wyckoff Schematic #1 Be Smart Money.Hi Guys, This is my case for bitcoin in the Wyckoff Schematic #1 Phases & Events. I believe #Bitcoin Just entered Phase D of the Wyckoff Schematic. Let's Discuss Phase D into more Detail. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Followed by Phase E In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets. It Looks like bitcoin is in the final stages of this Wyckoff Schematic before we start breaking out and head to all time highs again. You shouldn't be getting chopped out of this range. Cheap Btc now, not so cheap soon. Best of luck!

Bitcoin Breakdown: Psychology and Volume BTCUSD has put on a show finding new highs over the course of two days. What sparked this large move? Well, part of it can be accredited to Tesla announcing that they were buying $1.5 billion dollars worth of Bitcoin. Crypto is no stranger to the wonders of Elon Musk and this was likely a huge pull for a lot of investors. There is a lot that can be taken away from this rally and there are some observations I made and would like to focus on, volume and psychology to be exact. 1st Observation: Volume on the break of 40k. Last time bitcoin had a large run up, 40k was hit and blown through very rapidly and prices quickly made their way to 42k within the same night. We see similar volume in both of these situations where the prevailing demand creates these long green candles and the volume to match it. 2nd Observation: Pullbacks at Psychological Price Points. While 40k had no problem being broken as price has experienced buying there prior to this run, it is interesting that at 42k, the former highs, Bitcoin began to experience some turbulence (see 2. on chart). Buying took prices more than $1,000 over former highs, but there is brief moment where the rally looked as though it might have been coming to an end. A huge pullback occurs and the price of Bitcoin briefly breaks under 41k. Shortly after, there is some absorption from buyers to take the 15 minute candle back up where it closes above the former highs. Going back to January 8 when these highs were made, there was a similar psychology surrounding 40k, price broke above 40k briefly only to then have what appears to be a rally ending downturn, followed by a quick buyback. Conclusion: The prevailing bullish sentiment towards Bitcoin continues to astonish me, and as I watch this rally in awe, I only hope to guess what is to come next. However, what can be observed can be the edge needed to make wise decisions while investing and trading. In the wise words of Warren Buffett, "Risk comes from not knowing what you are doing."

PRICE ACTION WINNING TRADE – BULLISH RE-ENTRY STRATEGY Hi traders, This is a 45-minute chart of the BTCUSD. A bullish Pin Bar seen we took the trade. after a bullish move price fell and hit stop-loss orders placed around the low of the Pin Bar (a common pattern stop level). The market recovered quickly and offered a re-entry chance with a second bullish Pin Bar. We bought as price broke above its high. After our entry, the market rose with a strong thrust. I strongly recommend that you adopt this re-entry trading approach. It offers a trading technique that lowers trade frequency and increases probability of success. Thank you.