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Bitcoin-trading

Will Bitcoin Hit $45000 Next ?Bitcoin Rejected from Resistance BTC has once again been rejected from the Bull Flag Resistance Line. I'm now expecting a significant correction, with BTC/USDT potentially testing the $45,000-$50,000 level before the next leg up. Caution: Avoid buying until the market stabilizes. Global uncertainty with war news is adding to the volatility. Key Levels: Support: $48,000 Resistance: $66,000 Bull market resumes if BTC breaks above $66,000.
Short
by CryptoPatel
Bitcoin Crash Alert: Ready for $22k as per Past Fractal AnalysisPotential Bitcoin Price Movement Based on Previous Cycles Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles. - In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH. - In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level. - In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving. - There are similar price "boxes" between 2019 and 2024 - GETTEX:13K - GETTEX:14K back then versus $50k- GETTEX:52K now, and $4k-$5k versus FWB:21K -$23k. If these fractals play out similarly, we could potentially see BTC in the $22k- GETTEX:25K range soon. Please Like Share and Follow me for more quality analysis
Short
by CryptoPatel
4
ICX/USDT Bullish Bounce and Expecting 30% Profit from HereICX/USDT Scalp Analysis: Price Update: Strong Bounce from Support Level $0.24 Hey traders! ICX/USDT has shown resilience with a strong bounce back from the support level at $0.24. I'm looking to add some long positions around this support, anticipating a potential 10%-20% target gain. Target Range: 10%-20% Timeframe: 2-15 Days Stop Loss: 4H Candle Close Below $0.24 Support Level Let's ride the waves together! Happy trading! #ICX #USDT #CryptoTrading #BounceBack
Long
by CryptoPatel
Trade like a casino Operator (Risk Management) Trading Like a Casino Introduction: If you want to become a successful trader, it's essential to adopt a mindset similar to that of a casino. In this tutorial, we will explore how casinos operate and extract valuable principles that we can apply to our own trading. Two key components of a casino's success are having an edge and implementing effective risk management. By understanding and replicating these principles, we can increase our profitability in the long run. How does a Casino operate? - Casinos operate with an edge, meaning they have an advantage in every transaction. - Understanding the concept of probability is crucial. Games like roulette demonstrate that the outcomes are not evenly split between options. - Casinos calculate their edge by analyzing the probabilities of each outcome, which allows them to ensure profitability. - Risk management is also a vital aspect of a casino's operation. They set maximum limits on bets to protect their downside. Trade like a Casino - As traders, we want to replicate the casino's success by incorporating the same principles into our trading. - Our goal is to have an edge in every trade we take and implement effective risk management to protect our capital. - By aligning these two components, we can create a profitable trading system. Applying the principles to trading - Trading is a probability game. Each trade has a probability of going up or down. - To gain an edge, we need to identify the probability of our trades and establish our trading style. - Having a high probability trade doesn't guarantee success, but it improves our chances. - Risk management is crucial to protect our capital. We should only risk a small percentage of our account on each trade (e.g., 2%). - Balancing our edge and risk management will help us become successful traders. Backtesting and refining strategies - Once we have identified our edge and established risk management, we need to test our strategies. - Backtesting involves analyzing historical data to see if our strategies have been consistently profitable. - By testing and refining our strategies, we can ensure they work in real market conditions. - Continuous evaluation and improvement are necessary for long-term success. Conclusion: Trading like a casino involves having an edge and implementing risk management. By understanding and applying these principles, we can increase our profitability as traders. Remember to assess the probability of each trade, establish risk management rules, and test your strategies. Just like a casino, our goal is to create a consistently profitable system that ensures long-term success in trading.
NSE:NIFTYEducation
by Abbhishekumr