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Cryptomarkets

BTCUSD: Weekly continuation?Today's focus: BTCUSD Pattern – Continuation (Bullish) Support – 41,450, 38,514 Resistance – 44,713, 47,540 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart. So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern. Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up. Good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Are We Looking At A Bitcoin Bull Trap?In my last TA post, I talked about the possibility of Bitcoin heading back to the $35-36 range before the halving, and I still don't think I am wrong about that. Let's take a look at why... Bitcoin is really hitting some resistance at the current range. When I look at other cryptos like Ethereum, it's much of the same. This pattern looks to me like a bull trap. This is where we bounce out of a significant down trend and this price action tends to catch bulls by the short and curlies as they think the price is going to recover and continue to the moon, but it just doesn't work that way. These retracement pumps tend to get people caught in a FOMO mode and then turn on them and head back in the other direction. I believe this is one of those times. Very rarely does a market like Bitcoin just bounce straight up. It has it's big parabolic rises, yes, as we have seen recently, but this action cannot last forever. In the last cycle, we saw the pump from the 3K range up to nearly 15K and back to the 6.5K range before the halving, so my prediction of seeing a 35K-36K Bitcoin price before April is not out of the cards. My non-financial advice to traders is if you have been trading this reversal from the 38K range, then you might want to think about taking some profits off the table. Just saying, because that is exactly what I am doing. I am also still DCA accumulating BTC as we go along and will stop that action once we break all time highs again, then it will be off to the races and looking for good market cycle take profit signals. How are you playing this Bitcoin and crypto action?
COINBASE:BTCUSDShort
by thelogicaldude
🚀Binance Coin (BNB) Analysis Overcoming Resistance ChallengeKey Points: Positive Outlier: Binance Coin (BNB) has displayed positive performance, closing the week with a 0.3% increase despite broader market trends. Sustained Momentum: BNB sustained momentum after surpassing the $300 mark at the end of 2023. Obstacle Ahead: The coin faces a significant obstacle in the form of strong resistance at $360, and breaking above this level may prove challenging. Technical Insights: Resistance at $360: The $360 resistance level is highlighted as a significant challenge for BNB. Absence of Substantial Pullback: The absence of a substantial pullback in the rally raises considerations about the potential difficulty in overcoming resistance. Implications for Traders and Investors: Cautious Approach: Traders and investors should approach the $360 resistance level with caution, considering the absence of a significant pullback. Monitoring Price Movements: Close monitoring of price movements and potential developments in the market is advised.
Long
by Richtv_official
1
Ethereum Update on 05/08/2023There will be a buy/long opportunity for ETH. Focus on buy zone and 200 DMA. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Long
by rukshan2102
Total Crypto Cap Idea For The Rest of the MonthUsing CRYPTOCAP:TOTAL as a guide for the rest of the market, this is what I'm keeping in mind over the next 2 weeks. On the weekly timeframe we are currently Under the 200 MA which is right around 1.08T It's highly Likely we close under that on Sunday. Next week we will look to find support in the range of 1.024T and ~1T. To the upside I have set an alert at 1.038T I don't expect too much price action over the weekend. But in the coming days watch for the death cross(21 and 200) and potential bearish retest on the Daily timeframe. Waiting game now. Keeping in mind Super Moon (Bullish) at the end of this month may signal some bullish price action. If that is the case price should bottom over over the next week or so.
CRYPTOCAP:TOTAL
by tradertez
Unveiling the Potential of WAVES/USDT in the Crypto Ocean💎 Calling all Paradisers! 💎 Let's take a deep dive into the current scenario of WAVES/USDT and reveal some key insights: 💎 Brace yourselves as WAVES is showcasing immense potential at these levels. 💎 WAVES/USDT has successfully formed a double bottom, indicating a bullish trend. 💎 At present, WAVES is making an attempt to breach its 8-Month long resistance, 💎 It's noteworthy that WAVES/USDT has flawlessly surpassed its 50-Day-SMA and is now aiming to break its 200-Day-SMA in a single stride. 💎 A retest at the 2 level would present an ideal opportunity to go long. 💎 The forthcoming significant levels to watch out for are 2.6-3.2-4, and it could potentially extend further towards the 5 area. 💎 Stay in the lead and ride the waves of success in the crypto world!
WLong
by MyCryptoParadise_Simon
1
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
COINBASE:BTCUSDLong
by ChartStrategist
Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600. Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum. On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits. In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
1
Trading Psychology: How Does Your Mind Matter In Making Money?Hello traders, today we will talk about Trading Psychology The most famous book on trading psychology, “Tradingpsychologie” aptly remarks, ‘The greatest enemy of the trader is fear. He who is afraid loses!’. As a trader, you must have gone through emotions such as fear, greed, regret, hope, overconfidence, doubt, nervousness etc. While every trader goes through this emotional rollercoaster, a successful trader knows that it’s never a good idea to let your emotions influence your investment decisions. Not letting your emotions affect your trading decisions is the real meaning of trading psychology! In this article, we will educate you on the meaning of trading psychology. We will also reveal trading tips and tricks to mentally prepare you to trade with confidence! So, let’s begin! What is Trading Psychology? Trading psychology or investor psychology refers to the trader’s emotional and mental state which dictates their trading actions. Some of these emotions like hope, confidence are helpful and should be embraced. But emotions like fear and greed must be contained. Another emotion that is very common in financial markets is the fear of missing out or FOMO. It is essential to understand and develop a sharp mindset along with knowledge and experience to become a successful trader. Let us take a look at the various psychological factors that affect a trader’s mindset and some pro-tips to deal with them. 1. Fear Fear is a natural reaction that we sense when something is at risk. While trading, risks could occur in many forms – Some bad news about the stocks or the market Placing a trade and realising it’s not going the way you had hoped Fear of loss of capital Traders generally overreact and tend to liquidate their holdings because of fear. A strong trading psychology is when traders do not let fear dictate their buy/sell strategy. What should you do? Every trader must first understand what they are afraid of and why? Reflect on these issues ahead of time so you can quickly identify the problem and find a solution. Your focus should be to not let the fear of loss refrain you from making profit. 2. Greed Greed enters when you desire excess profits. Rome was not built in a day and neither will your stock market fortune. If you find yourself on a winning streak, then book your profits and move on. Majority of the time, your greed will turn a winning streak into a disaster! What should you do? To combat greed, you should have a predefined profit booking level. Even before you enter a trade, define your stop-loss and book-profit levels to avoid being swayed by greed. A sound trading psychology is when you are content with your profits and do not chase irrational profits. 3. Regret Regret in trading comes in two ways. A trader could regret placing a trade that didn’t work or Regret not placing a trade that could have worked. A trading psychology based on regret can be dangerous for a trader as it may result in placing wrong trades. What should you do? The best way to avoid a regretful trading psychology is to accept that you can’t have all the opportunities in the market. The equation in the stock markets is very simple – You win some; you lose some. Once you accept this rule, your trading psychology will automatically change for the better. 4. Hope Investors often think that trading is gambling. It’s because they hope to win all the time and when they don’t, they get dejected. What should you do? To become a successful trader, you must have a solid trading psychology which is not dependent on hope. If you keep hoping for things to change in the near future, you’re putting your entire investment at risk. Don’t let hope keep you invested in a loss making trade. Be practical, and book your losses at the correct time. To attain and maintain success as a trader, you have to work hard to cultivate a mindset! Let’s see how trading psychology helps you cultivate a better mindset! How to Improve Your Trading Psychology 1. Get Yourself in the Right Mindset Before you even start your trading day, simply remind yourself that markets are never constant. You will have some good days and some bad days, but the bad days too shall pass. Another effective strategy to improve your trading psychology is to give yourself time. You are not going to make a fortune on your very first trading day. You need to spend time and efforts in creating a rock solid trading strategy which isn’t affected by the market sentiments. While you cannot completely eliminate emotions from trading, the goal is to reduce the extent of emotions controlling your trading psychology. 2. Have a Great Knowledge Base One of the best ways to improve your trading psychology is to increase your knowledge and trading skills. Having a strong knowledge base of the stock market is key to defeating negative trading psychology. Remember, knowledge is power! 3. Remind yourself that you are Trading in Real Money When you’re trading online, it’s easy to forget that the numbers on your screen actually represent real money. There’s nothing wrong in risking your money in hopes of generating returns. But remember to be cautious and make smarter investment decisions. 4. Observe the Habits of Successful Traders Stock market is unique because it treats each trader differently. When it comes to trading, you should be aware of what your peers are doing, not to copy them but to learn from them. By observing the positive characteristics of successful traders and inculcating few habits or strategies into your own trading, you can improve your trading strategies manyfolds. 5. Practice! Practice! Practice! Last but not the least, practice is the best and most reliable way to gain mental strength. It helps you improve your trading psychology over time as you build well practised trading strategies and are well prepared for any ups or downs. Final Thoughts Understanding trading psychology and implementing it is a time consuming process. You have to continuously refine your trading psychology over long time periods. To sum up, remember these three golden principles of trading psychology Be disciplined Be flexible Never stop learning I would also love to know your charts and views in the comment section. Thank you
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
28