#BTC #crypto2023 BTC formed a bullish channel after breaki | Trader X on Binance Square

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#BTC #crypto2023 BTC formed a bullish channel after breaking the bull run trend line.
 Wave 5 is not yet completed, thus expected to break the channel upward for a final leg, and then evaluating the market for possible correction.
Invalid if it breaks 26600 support 

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Navigating the Bull Run: Mastering the Art of Sellin$g in a Crypto Market Upswing The thrill of a cryptocurrency bull run is undeniable. Witnessing your portfolio value soar brings elation, but with it comes the nagging question: When do I sell? Fear of missing out (FOMO) battles the fear of losing profits, creating a mental tug-of-war for even seasoned investors. This article delves into the intricacies of selling during a bull market, equipping you with strategies and considerations to optimize your returns. Understanding the Beast: The crypto market, inherently volatile, amplifies the challenges of selling in a bull run. Unlike traditional markets, price swings are more dramatic, and emotions often cloud judgment. Before diving into strategies, we must acknowledge the key factors influencing your decision: Strategies for a Smoother Exit: Embrace Profit Targets: Don't chase impossible dreams. Set predetermined price points to sell portions of your holdings, locking in profits regardless of future market movements. Stage Your Retreat: Don't jump ship all at once. Consider selling small portions at different price points as the market climbs, diversifying your exit points and potentially maximizing returns. Let the Charts Guide You: Utilize technical indicators like moving averages, RSI, and Fibonacci retracements to identify overbought conditions and potential selling opportunities. Remember, technical analysis is not a crystal ball, so use it in conjunction with other factors. DCA Your Way Out: Dollar-cost averaging (DCA) is a friend during both entry and exit. Gradually sell portions of your holdings over time, regardless of price, to average out your returns and reduce emotional decision-making. Trail the Profits: Set a trailing stop-loss order that automatically sells your holdings if the price falls below a certain percentage. This protects your profits while allowing room for further upside, but be mindful of setting it too tight and missing out on potential gains. $BTC $ETH #Write2Earn #TrendingTopic #bull #BTCBefore2025 #BTC;

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$LUNC Tough resistance 😂 However look at the positive side here, OBV indicator looks great, MACD showing shifted momentum. Last pump was just the spark towards the real thing, the pump is very close. As said before the accumulation range is drawn in the below chart, whether it breaks now or later won't matter. this project is going to be revived with the community behind it. don't get driven and dream for 0.001 cent, just take profits while you can. it won't pump forever 😉 #Write2Earn #LUNC. #TrendingTopic #lunc #pumpanddump

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$SHIB Shib looks very good right now, the breakup is coming soon. time frame will be from now up to 6 weeks. accumulation looks good. if BTC holds its position the pump will be hard, the only drawback here will be the market correction if occur during the same time frame. grap some shib and add them to your portfolio. invalid below the raising resistance line. trade safe 😁 #Write2Earn #TrendingTopic #shib #SHIB2024

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Take a closer look at the charts below, these trend lines were drawn from a year ago in the start of the bull run. It is not about BTC, it is about the whole market which follows BTC. As a warning BTC is at a strong resistance level, whether it breaks it or not is the issue. any failed attempt will cause huge volatility, i am mentioning that just as a warning to anyone who is willing to risk it at this level and buy at these prices, just be careful. i am not saying don't buy, but just do your research and put logic trading strategies. don't be hit with FOMO. At this level all the big boys are waiting patiently and just analysing the trends ⚠️ #Write2Earn #btc #bull #BTCBefore2025

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Bitcoin Halving !! What does it mean ? A Bitcoin halving is an event where the reward for mining new blocks is cut in half. This means that miners receive 50% fewer bitcoins for verifying transactions on the Bitcoin network. Halvings are programmed into Bitcoin's code and occur approximately every four years, or after every 210,000 blocks are mined. The purpose of halvings is to gradually reduce the rate at which new bitcoins are created and ultimately reach a fixed supply of 21 million. This scarcity is one of the key features of Bitcoin, as it helps to prevent inflation and makes it a more attractive asset for investors. The next Bitcoin halving is expected to take place in April 2024. After this event, the block reward will be reduced from 6.25 BTC to 3.125 BTC. Here are some of the potential implications of the next Bitcoin halving: Increased competition among miners: As the block reward decreases, miners will need to compete more intensely for fees in order to make a profit. This could lead to increased centralization of mining power. Reduced selling pressure: With fewer new bitcoins being created, there may be less selling pressure on the market, which could lead to a price increase. Increased volatility: The price of Bitcoin is notoriously volatile, and the halving could exacerbate this volatility in the short term. It is important to note that these are just potential implications, and the actual impact of the halving is difficult to predict #Write2Earn #BTCBefore2025 #BTC #Halving

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