what is the use of candlestick patterns in trading ?What is a candlestick? A candlestick is a way of displaying information about an asset's price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars.
Traders use candlestick charts to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points - open, close, high, and low - throughout the period the trader specifies. Many algorithms are based on the price information shown in candlestick charts.
BTCETH.P trade ideas
how to pcr in the option chain analysis???PCR is computed by dividing open interest in a put contract on a particular day by open call interest on the very same day. Here PCR is computed by dividing the put trading volume by the call trading volume on a specific day. Here, Put volume indicates the total put options initiated over a specific time-frame.
The PCR ratio is calculated by dividing the total open interest of outstanding put options by the total open interest of outstanding call options for a specific security or market. The open interest represents the total number of options contracts that have not been exercised or expired.
BTC update- Ranging not trending.Price is in correction since the last rally from 91500 lows, now going through the pattern it looks like a WXYXZ pattern
WXY is is complete and the last leg of z is pending. Since the price has bounced from 94735 lows and it doesn't seems to be
implusive so one more move to the downside is expected.\
It is very complex correction and slow price movement.
Bitcoin Bybit chart analysis February 7Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
The Nasdaq indicator will be released at 10:30. (Non-farm index)
Since it is a sideways section and there are so many variables in the Nasdaq,
I proceeded as safely as possible.
Also, the sideways section is difficult and complicated to explain,
but today, the participation rate was good, so I proceeded simply and mildly.
*Red finger movement path
Long position strategy (final short)
1. 96,727 dollars long position entry section / cut-off price when the green support line is broken
2. 100,445.5 dollars long position 1st target -> Top 2nd target until the weekend
After reaching the top section, switch to a short position
Check the live support line and price range
The first section at the top is a sideways market
From the first section breakout, an upward trend can be connected. If you don't touch the first section and come down right away,
the second section becomes the final long position,
and the MACD dead cross imprint on the weekly chart during the weekend is the main key point.
Even if it breaks through the top section and continues to rise,
the dead cross may continue to press down next week,
so it could be a headache.
If you look at the bottom,
from the current position to the sky blue support line of $98,912.5 (safe zone)
and maintain it without breaking away from the bright sky blue of $92,796 at the bottom (danger zone),
it would be good.
You may have been surprised by the sudden decline last week due to Nasdaq and Trump,
but as I explained last time, since the movement is within the expected range,
it seems that the direction will be revealed to some extent after this week.
I ask that you simply refer to and use my analysis so far,
and I hope that you operate safely with principle trading and stop loss prices.
You worked hard this week too.
Thank you.
Trading vs. Investing: Which Strategy Suits You Best?Trading vs. Investing: Which One is Right for You?
Hello everyone! I hope you're all doing great in life and in your trading journey. Today, I am bringing an educational post on Trading vs. Investing , two different approaches to making money in the stock market. While both have their advantages, choosing the right one depends on your goals, risk appetite, and strategy . Let’s dive into the key differences and find out which style suits you best!
Trading vs. Investing: Key Differences
Time Horizon:
Traders aim for short-term profits , holding positions for minutes, hours, or days .
Investors hold stocks for months or years , focusing on long-term wealth creation .
Strategy & Approach:
Traders rely on technical analysis, charts, and price patterns to make quick decisions .
Investors focus on fundamental analysis , looking at company earnings, management, and growth potential .
Risk & Reward:
Trading is high risk but can offer quick returns if executed well.
Investing involves lower short-term risk but requires patience for long-term gains .
Capital & Leverage:
Traders often use margin and leverage to amplify gains (but also risk higher losses ).
Investors generally avoid leverage , focusing on steady capital appreciation .
Emotional Discipline:
Trading requires quick decision-making and emotional control to handle volatility .
Investing demands patience and the ability to ignore short-term market fluctuations .
Who Should Choose What?
✔ Choose Trading if: You prefer fast decision-making, market analysis, and short-term gains .
✔ Choose Investing if: You have patience, believe in long-term wealth building, and prefer lower risk .
✔ Hybrid Approach: Many successful market participants combine both strategies , trading for short-term profits and investing for long-term growth .
Outcome:
Both trading and investing have their place in the market. There’s no one-size-fits-all approach —the key is understanding your risk tolerance, time commitment, and financial goals .
Which one do you prefer? Trading, Investing, or Both? Let me know in the comments!
Bitcoin Bybit chart analysis February 5
Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
Shortly, at 10:30 and 12 o'clock, there will be a Nasdaq index announcement.
The purple finger on the lower left
is connected to the long position switching section of 96,657 dollars yesterday.
Currently, there is pressure from the MACD dead cross on the 4-hour and 6-hour charts,
and the short-term golden cross and the medium-term have already been imprinted,
so there is a very high possibility of a sideways movement.
To explain it simply,
If anyone sees a decline due to the 4-hour MACD dead cross,
I am using a strategy that holds on as much as possible even if it moves sideways,
and that there may be another rebound.
There is still time left this week.
First of all, it is because Nasdaq is basically ignoring all Bitcoin waves, patterns, and signals,
and because the rebound is continuing due to Trump's tariff suspension.
Instead, I held the stop loss tightly and
I created today's strategy by comparing it to Tether Dominance.
*When the blue finger moves,
Bidirectional neutral
Short->Long switching strategy or final long waiting strategy
1. $99,246 short position entry section / stop loss when orange resistance line is broken
2. $98,099, long position switching in section 1 / when green support line is broken
or when section 2 is touched
3. $101,436 long position 1st target -> Top section 2nd target
The top section is the center line of the Bollinger Band daily chart.
Since it is the first touch in this wave,
If it touches before the additional daily chart is created at 9 am tomorrow,
After liquidating the long, short short
If it reaches it after tomorrow, it can be raised with some force,
so let's solve it together while maintaining the long position. If the strategy is successful today, I have also indicated the additional long position entry section at the daily closing price, so please use it conveniently.
It has currently reached section 1,
but if it falls from the current position, it will fall vertically.
The section 2 at the bottom is the final long waiting section if it fails to touch the 99.2K short entry point at the top and
it goes down.
From section 2 below, the support line is Bottom -> Section 3.
Since the distance is far, I hope you operate well in real time.
Please use my analysis article as a reference and only
Please operate safely with principle trading and stop loss.
Thank you.
BTC Update - Bears are comingIn reference with previous post.
Price dropped from your level of 61-70% zone and broke to new low, price has made a 5 wave downside to make a possible wave and wave 2 is looks like complete at 100741 level and new low of 93270 is possible inner wave of wave 3, which is 100% from high of wave 2, is it can be a wxy irregular correction of is being completed at 99189.
Internal pattern of Irregular wxy looks like wave A has completed at 98949 but going through internal pattern of A we see a sharp move from bottom to 98042, and we have 3 move upside from there to 98949, and irregular C ending at 97599, B looks like completed here and C resume upside and ended at 99144, which is 100% of A to B. Y of C is slow and sluggish but get to the target.
So we can expect another move down to lows, if price breaks to upside, it can a start a complex correction.
That my study
Bitcoin EW updateIf I try to label to it Via green count ,price has dropped from high of 102433 and retraced almost to from the point wave 2, 50% retracement in price from high creates doubts, as it doesn’t happen often in impulsive moves.
If I try to label is according other way, wave 3 end near 123% and wave 5 doesn’t even cross 61.8% which is mandatory in case of non extended wave 3, than this case entire pattern will be corrective, and correction means fall below 91266 low.
If it is corrective and converts into that pattern than we will be looking to short on confirmation of candle pattern and other strategies at level 1- 99690 and next level 100741.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
15 min tf analysis BTCUSDHello traders another day with another analysis here as we can see in 15 min tf BTC is forming lower lows lower highs unable to hold the gains so there is two trade scenarios 1) for safe traders short BTCUSD below 97700 with SL:-98300.5 and tp:-97073.4 favourable risk reward ratio 2) for risky traders short BTCUSD at 97700 with SL :-98985.5 and tp:- 96500-96000 lvl. Safe traders book profits timely if you get 1:1 RR AND TRAIL YOUR SL FOR GOOD GAINS. Have a profitable day. This is my personal view do your own research before taking any trades. For education purpose only. I reserve the right to be wrong.
BTCUSD 15 MIN ANALYSIS Hello traders another day with another analysis here as we can see in 15 min tf BTC is forming lower lows lower highs unable to hold the gains so there is two trade scenarios 1) for safe traders short BTCUSD below 97700 with SL:-98300.5 and tp:-97073.4 favourable risk reward ratio 2) for risky traders short BTCUSD at 97700 with SL :-98985.5 and tp:- 96500-96000 lvl. Safe traders book profits timely if you get 1:1 RR AND TRAIL YOUR SL FOR GOOD GAINS. Have a profitable day. This is my personal view do your own research before taking any trades. For education purpose only. I reserve the right to be wrong.
Bitcoin Bybit chart analysis February 3Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 12 o'clock soon.
The Nasdaq variable and the Bitcoin weekly chart MACD dead cross are in progress, so the analysis difficulty is high.
I had a hard time finding the entry point and the stop loss price.
It will be hard, but let's hold on this week.
Also, if it falls from the current position,
Nasdaq will have a vertical decline condition, so you have to be careful.
In the case of Tether Dominance, there is no resistance line yet,
so if it doesn't crash all at once, it can be shaken by a short-term wave.
I created today's strategy focusing on this part.
* When the blue finger moves,
It is a two-way neutral
Short->Long switching or long position waiting strategy.
1. 96,413 dollars short position entry section / when pink resistance line is broken
or when section 1 is touched, stop loss price
2. 95,120 dollars long position switching / when purple support line is broken
or when section 2 is touched, stop loss price
3. 99,612 dollars short position switching / when red resistance line is broken
or when Good section is touched, stop loss price
96.4K short position at the top from the current position
If the entry point is not touched
Long waiting at section 2 below / stop loss price when green support line is broken.
Section 1 at the top is a sideways market
It is the second short position entry section of today.
The final long position target and
short position switching section that I expect
is the center line of the 4-hour Bollinger Band chart.
It is expected to be around the top section,
and if it rebounds to this section,
the weekly chart MACD dead cross will be released,
so you can press it again.
There are two conditions for the dead cross to be imprinted:
it is pushed to 86.5K at the bottom (major support line)
or it is imprinted naturally while moving sideways.
It won't be easy to break through all the resistance lines at once with a vertical rise
and touch the Bollinger band resistance line, right?
Of course, it is possible if the Nasdaq goes crazy while soaring.
This week, it can continue to shake while moving sideways,
and it doesn't look easy to see an upward trend,
so short-term trading seems advantageous.
I marked 89,853.5 dollars below the bottom,
and since it is a section where a newly created mid-term upward trend is maintained,
it seems safe to just hold this spot this week.
Above all, the Nasdaq movement is the most important,
so check it in real time.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with the principle of trading and cut-off price.
Thank you for reading.
Bitcoin updatesAfter making Low of 91226 price bounced impulsively, it was bound to happen due to extended 5th wave, now making a structure on impulsive nature and 1-2 is complete and 3 is undergoing or about to complete, I have marked 1 at 94915 an wave 2 is running correction-wxy, it also gives an impression of 1-2-1-2 but its inner count doesn’t allow, so wave 3 started from 94150 and its 200% extention is a 101,715 and now in a corrective mode, we can expect a correction for wave 4 in the range of 23-38% and than for 5th wave. Since wave 3 is extended wave 5 has to only a new high and break of 38% to the upside for complete impulse.
There was a mid point where price rested a bit 99462 and continued upside move,it wasn’t even 161.8 of 3, so ignored and if it will the end of three than price must not break 100441 level to downside in current correction is 5th wave needs to make a high 103063 to complete the impulse.
BTCUSD Analysis on (03/02/2025)BTCUSD UPDATEDE
Current price - 94200
If price stay above 89000,then next target 97800,104000 and below that 86000
Plan; if price break 94000-93000 area and above that 94500 area,we will place buy oder in BTCUSD with target of 97800 and 104500 & stop loss should be placed at 89000
Bitcoin UpdateAs explained earlier, structure in shade was looking like, LD but it turnout to be WXY and broke below the low of entire LD. Over all pattern turned Higher degree WXY and an inregular correction in 4h Time frame. It looks more complex .
In WXY pattern Y usually is Simple zig zag means two moves to the downside.
1 is complete and it may take some time and make intermediate high and turn lower for another lower low.
Now it has completed the move down and broken the 38% of last move and provided an implusive move which we were expecting case of LD.
Bitcoin Bybit chart analysis january 31
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is Bitcoin's 30-minute chart.
There will be two Nasdaq indicators released at 10:30 in a little while.
There is a gap section at the top and bottom of Nasdaq,
so it seems likely that it will shake once.
Bitcoin has MACD dead cross pressure on the 4-hour chart.
I created today's strategy by comparing it to Tether Dominance.
*When the blue finger moves,
Bidirectional neutral
Short->Long switching, or long position waiting strategy
1. $104,641.5 short position entry section / Orange resistance line breakout, stop loss price
2. $103,12 long position switching / Green support line breakout, stop loss price
(If it comes down right away, 104.6K is the long position waiting section, same stop loss price)
3. $106,943 long position 1st target -> Target price in order
To ignore the 4-hour chart MACD dead cross,
The condition is that it touches the 1st section or more, the 4-hour chart resistance line of the Bollinger Band.
If not,
It should be imprinted while moving sideways until 9, 1, and 5 o'clock when the 4-hour candle is created,
and I created a strategy based on that.
The first section at the top is a sideways section / the blue support line at the bottom is
an upward trend line from a mid-term perspective.
If the green support line breaks,
you should be careful because it can go down to Bottom -> 2 at once.
I'm not in good condition today,
so I'll finish here and go in.
Please use my analysis so far as a reference and only
I hope you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD - HEADED LOWER?Symbol - BTCUSD
BTCUSD is currently encountering substantial resistance, with the price being significantly repelled from the 105-107K zone, establishing a strong resistance area. However, this resistance does not yet negate the broader bullish outlook in the market. A complex market structure is unfolding, characterized by both a descending channel and a symmetrical triangle pattern. The interpretation of these formations will depend largely on how market participants perceive them. A potential reaction to the support of the symmetrical triangle could result in a brief rebound; however, considering the prevailing resistance levels, it is anticipated that this rebound will be shallow, with the price likely attempting to move lower.
Looking at the descending channel, the price is currently supported by a key level at 1,01,600 which is crucial in preventing further declines. This level will play a decisive role in determining the near-term price action. The primary uncertainty lies in whether this support will hold or be breached.
On a fundamental level, the situation remains uncertain and largely dependent on developments in the United States, particularly regarding how political figures, including former President Trump, address cryptocurrencies. This could manifest in various ways: as a bubble, a strategy to influence elections, or simply as rhetorical posturing. Alternatively, it could reflect a genuine, coherent policy direction.
Resistance levels: 1,03,500 - 1,05,800
Support levels: 1,01,600 - 99,600
The 1,01,600 level remains the focal point. In the short term, a potential breakdown below this level followed by price consolidation could lead to a decline to the 100-97K range. However, given the presence of the symmetrical triangle, a false breakdown of 101.6K could trigger a brief upward bounce before a subsequent decline towards the 100K level.