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RENDER might break through the horizontal resistance at $7 RENDER, a leader in decentralized GPU-based rendering, has faced turbulence this month, currently trading at $5.48 after hitting resistance near $6.80. However, recent price action hints at a potential reversal. The token remains within a bullish range, successfully defending an ascending trend line that has provided support since August. While constrained by another ascending trend line, these two lines form an ascending wedge. Despite increased selling volume over the past week, **RENDER price** maintains its bullish trajectory. Having previously bounced off its downward trend line support, RENDER appears ready for a rebound. After a brief consolidation, analysts believe the price could initiate an upswing, potentially reaching the wedge's upper boundary soon. If it mirrors past movements, **RENDER price** could target the $7.00 level, offering a strong upside for investors. In the long term, if positive momentum continues, RENDER might break through the horizontal resistance at $7 and the wedge's upper boundary, opening up further growth opportunities.
COINBASE:RENDERUSDLong
by Sam_TCR
Bitcoin upmove will continue buy on dip until 66500 not break Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
COINBASE:BTCUSDLong
by JaiPrakashShuklaHarmonicTrader
Bitcoin: BTCUSD bulls struggle amid overbought RSI, $70,100 eyedOn Monday morning, Bitcoin (BTCUSD) experienced slight losses after reaching a three-month high. This movement highlights overbought RSI conditions, indicating weak upside momentum beneath the horizontal resistance area established since early June. Buyers remain hopeful Despite overbought RSI conditions and facing key resistance, Bitcoin (BTCUSD) buyers remain optimistic. The pair is holding above last week’s breakout from a descending resistance line, which is now acting as support around $67,700. Additionally, bullish MACD signals suggest strong buyer momentum. Key technical levels to watch The horizontal resistance around $70,100 is a key barrier for Bitcoin bulls. They should also monitor the $70,000 threshold and recent highs near $72,000 as additional hurdles. If BTCUSD breaks through, the yearly peak near $73,800 and the $75,000 mark will attract buyers' attention. If Bitcoin (BTCUSD) breaks below the former support at around $67,700, it could trigger a short-term decline. Key levels to watch include the previous monthly high near $66,500 and the 200-SMA support around $63,300. If prices fall below $63,300, the next significant support is at $62,500. A move past that could lead to a drop towards the psychological level of $60,000 and potentially a monthly low of around $58,870. Upside potential remains intact Overall, Bitcoin (BTCUSD) buyers are likely to remain in control despite the challenges at key resistance. However, a price pullback is possible if the US Dollar strengthens from this week’s PMIs and Durable Goods Orders data.
BITSTAMP:BTCUSD
by MTradingGlobal
24.10.21 Whale Indicator - Start of altcoin?Bitcoin Dominance (D.BTC) - 4H Bitcoin Dominance (D.BTC) recently closed below the orange whale indicator on a four-hour and daily basis We have to wait and see the current flow, but if a few more candles come out, I think we can see a clearer direction If Bitcoin Dominance continues to show a downward trend, we can expect more active movement in the altcoin market than in Bitcoin Continuous monitoring will be needed for more detailed analysis, but strategic preparations for altcoins will likely be needed However, if Bitcoin Dominance rises above the orange whale indicator again, the current downside view could be nullified In this case, it is necessary to recheck the new direction after checking additional candles Now is the time to closely monitor the short-term flow and modify the strategy according to the indicators
CRYPTOCAP:BTC.D
by Whale_signal
Why Traders Fail: Common Psychological MistakesWhile technical analysis and fundamental knowledge are crucial for successful trading, psychological factors often play a significant role in trader failure. Here are some common psychological mistakes that traders make: Emotional Trading *Fear of Missing Out (FOMO):* This leads to impulsive decisions, often resulting in buying at market tops. *Greed:* The desire for excessive profits can lead to overtrading and holding on to losing positions for too long. *Fear:* Fear of loss can cause traders to sell prematurely, locking in losses. *Lack of Discipline* *Overtrading:* Trading too frequently can increase transaction costs and reduce overall profitability. *Ignoring Stop-Loss Orders:* Failing to use stop-loss orders can lead to significant losses. *Not Sticking to a Trading Plan:* Deviating from a well-defined trading plan can lead to impulsive decisions. *Poor Risk Management* * Overleveraging: Taking on excessive risk can lead to catastrophic losses. * Not Setting Realistic Profit Targets: Lack of clear profit targets can lead to missed opportunities. *Overconfidence and Hubris* * Overestimating Abilities: Believing that one can consistently predict market movements can lead to reckless trading. * Ignoring Past Mistakes: Failing to learn from past mistakes can lead to repeated errors. Confirmation Bias * Selective Perception: Traders tend to focus on information that confirms their existing beliefs, ignoring contradictory evidence. Revenge Trading * Chasing Losses: Trying to recover losses quickly can lead to impulsive decisions and further losses. Lack of Patience * Impatience: The desire for quick profits can lead to hasty decisions and poor risk management. *Tips to Overcome These Mistakes:* * Develop a Solid Trading Plan: A well-defined trading plan can help you stay disciplined and focused. * Practice Risk Management: Use stop-loss orders and position sizing to limit potential losses. * Emotional Control: Practice mindfulness and meditation to manage emotions. * Continuous Learning: Stay updated on market trends and improve your trading skills. * Keep a Trading Journal: Track your trades and analyze your performance. * Avoid Overtrading: Be selective in your trades and avoid impulsive decisions. * Seek Feedback: Learn from experienced traders and seek feedback on your trading strategies. By understanding and addressing these psychological pitfalls, traders can significantly improve their chances of long-term success.
by Stock_market_signals