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BTCUPUSDT trade ideas

24.10.22 Whale IndexHello, I'm Whale Signal Important Purple Whale Indicator Formed In Bitcoin's 4-Hour Bar Currently, Market Movements Are Active, Updates Quickly The purple whale indicator also overlaps with the previous sale, which could serve as an important support and resistance for the market Also, considering the bottom tail that occurred in the downtrend this morning, the divergence has appeared at the 1-hour bar While further declines in this segment could accelerate the downtrend, a resurgence above the whale indicator could be seen as a positive turnaround sign If the whale indicator recovers from the four-hour bar and continues its uptrend, the first short-term target segment could be set at 68.1k to 68.4k On the other hand, if further departures continue, the possibility of a drop to the 64k-62k range should also be considered Therefore, keep a close eye on the purple whale surface section and plan your response strategies carefully I don't share views The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
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
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel. Brief Analysis: Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel. Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level. Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend. Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement. Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge. Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
by Suyouu
Bullish Flag for BTC $124k by 2025As expected and predicted for this current Q4 2024 BTC is creating a bullish flag pattern. It is not very close to break through in the uptrend. BTC is also in ascending channel and it looks like it will keep on climbing up during the next 6 months as per the chart shows. I placed the bars patter from the flagpole and pasted it where is currently braking, giving an idea of the direction that it could most likely take. Both of the arrows also have the exact size what shows the top. The Fib shows where BTC could potentially reverse a bit to take energy. This is near the 78k and 90k. Have a happy trading, Rafjs90
Long
by Cryptplosive
BTC & Gold Technical Analysis | Price Action Strategy Explained Thank you for watching! If you found this analysis helpful, don’t forget to like the video and subscribe to the channel for more in-depth market analysis and swing trade ideas. Your support helps me continue bringing you high-quality content every week! Feel free to share your thoughts in the comments below and let me know which asset you’re keeping an eye on this week. Happy trading! #BTC #Gold #PriceAction #TradingAnalysis #Forex #SwingTrading #Bitcoin #Gold #BTC #XAUUSD #CryptoTrading #ForexTrading #PriceAction #TechnicalAnalysis #TradingSetups #SwingTrading #DayTrading #CryptoAnalysis #GoldTrading #MarketAnalysis #TradingStrategy #BreakoutTrading #ForexMarket #CryptoInvesting #BTCPrice #GoldPrice
by Alzubair_fx
24.10.14 Whale IndexHello, I'm Whale Signal Following yesterday's analysis, I recommended that you check the early 61.8K to 62K sections based on the daily wage in this morning's update. I explained that it's still moving in the upper section In addition, the purple whale indicator at the top is likely to act as a resistance line in the event of a full-high point breakthrough, and if a strong breakthrough is made, caution is needed for the subsequent pressed section Since the time and daily closing shapes are important for whale indicators, checking the purple whale indicators at the top after the closing bars will be a more stable trading strategy For those of you who entered without checking the closing bar, I think you lost about 400 dollars. I'm sorry about that! I'll share the analysis quickly from now on The purple whale surface section, currently located at the top, is an important position that overlaps with the previous sale If the upward flow continues based on this section, we believe we can expect further upward Conversely, in the event of a breakaway and further fall, we may also consider a flow to retest the top section of the previous drop channel So, from an uptrend point of view, I think at least the purple whale surface section located in the middle should be maintained as a support line to protect If this section collapses and enters the downtrend channel again, we plan to check the direction of the market more carefully and then go on sale Under these market conditions, we share notable support, resistance, and inflection sections through whale indicators, so please refer to them The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest) More detailed analysis and continuous updates will be conducted through real-time chart sharing below
by Whale_signal
24.10.13 Whale IndexNice to meet you. I'm Whale_signal I leave a short message The market has been in a rather dull sideways phase over the weekend, Based on the Dow theory, the upward possibility remains open as it has not deviated from the previous low range of the one-hour bar If you break through the high point, the purple whale indicator located at the top may act as a resistance interval, so it's important to note this Conversely, if a strong breakthrough occurs and closes, it can be seen as a signal of a trend shift in the current downward channel, so attention to the subsequent pressed section seems to be needed Meanwhile, it's worth keeping open the possibility of a downward break from the 1-hour peak low range in Dow theory and paying attention to the box and purple whale indicators at the bottom of the 62.9-63k range This section is also the place where the previous sale site was formed, so we can expect it to serve as a short-term support line, In the event of a strong downward departure, we can see that the downward channel continues Under these market conditions, we share notable support, resistance, and inflection sections through whale indicators, so please refer to them The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal