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🚨🔻🔺️#BTC Live market update 🔺️🔻🚨 #2024 _03_22 hi and hello everyone, this is what you are waiting for.. market is looking bloody red, peoples are waiting for 50k level. but do you know what? we are still in bullish mind set. because this is usual before a huge tsunami. now btc is riding to our support level which around 63k level. jus after this level we are willing to start long positions using my 30% of wallet balance for next 20 days. so we recommend you also ready for next huge pump out from btc. more market update will be soon.. stay tuned with us #HotTrends

🚨🔻🔺️#BTC Live market update 🔺️🔻🚨

#2024 _03_22

hi and hello everyone, this is what you are waiting for..

market is looking bloody red, peoples are waiting for 50k level. but do you know what? we are still in bullish mind set. because this is usual before a huge tsunami.

now btc is riding to our support level which around 63k level. jus after this level we are willing to start long positions using my 30% of wallet balance for next 20 days.

so we recommend you also ready for next huge pump out from btc.

more market update will be soon..

stay tuned with us

#HotTrends

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The Role Of Volume In Technical Analysis🆘️ lesson no.1️⃣0️⃣ part.🅾️1️⃣ When analyzing charts and making trading decisions, many traders focus primarily on price movements. However, another key component—often overlooked but equally vital—is volume. Volume provides insights into the strength, conviction, and sustainability of price moves. Volume refers to the number of shares or contracts traded in an asset or security over a specific period. In the context of technical analysis, volume can be used to confirm price trends and generate trading signals based on divergences between volume and price. What it is and what it shows Volume represents the level of interest or activity in a particular asset. A high volume indicates strong interest and heavy trading, while low volume can suggest a lack of interest or a period of consolidation. Several key insights that volume provides include: Strength Confirmation: A price movement accompanied by high volume is generally seen as having more strength and conviction. It suggests that the move is widely accepted and supported by traders. Potential Reversals: If price reaches new highs or lows but volume doesn't support it, there might be a lack of conviction in the trend. This divergence can signal a potential reversal. Breakouts and Breakdowns: When price breaks out of a consolidation range or a specific pattern (e.g., a triangle or channel) on high volume, it adds validity to the breakout. Low volume breakouts may be suspect and prone to failure. Accumulation and Distribution: Periods of quiet consolidation with increasing volume might indicate accumulation (buying) or distribution (selling). Watching volume patterns can give hints about the potential next move. see you soon with part 02 #ellonmask #DontMiss_Ellon_Mask
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How To Correctly Draw Trend-lines🆘️📈 lesson no.0️⃣9️⃣ #DontMiss_Ellon_Mask The accuracy of a trend-line largely depends on the selection of the starting and ending points. These points, often referred to as "pivot points", are significant highs (peaks) or lows (troughs) on a chart. Identifying these points correctly is crucial for drawing a valid trend-line. Identify the Trend: Before drawing a trend-line, determine the direction of the trend. Is it an uptrend, downtrend, or sideways trend? Choose Significant Points: For an uptrend, select at least two recent lows and draw a line connecting them. The line should ideally be below the price, acting as a support. For a downtrend, select at least two recent highs and connect them. This line should be above the price, acting as a resistance. Extend the Line: Once you've connected the initial points, extend the trend-line out into the future. This extended line will serve as a potential future line of support (in an uptrend) or resistance (in a downtrend). Adjust for Best Fit: Sometimes, especially in volatile markets, prices might not touch the trend-line perfectly. In such cases, it's acceptable to adjust the trend-line for the best fit. This means that the line might not touch every single high or low but captures the essence of the price movement. Conclusion Drawing trend-lines is as much an art as it is a science. While the basic principles are straightforward, the nuances come with experience. It's essential to practice drawing trend-lines across various time frames and market conditions to get a feel for their reliability and significance. Remember, no single tool should be used in isolation; combining trend-lines with other technical analysis methods can offer a more comprehensive view of the market. #ellonmask
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Introduction To Trend Lines📉🆘️ lesson no.0️⃣8️⃣ #DontMiss_Ellon_Mask A trend-line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. In technical analysis, trend-lines are used to visually represent and identify the direction of an asset's price over a specific period. Trend-lines can be upward (bullish), downward (bearish), or sideways (neutral). Types Of Trend-lines Uptrend Line: Drawn along the low points when the market is rising. It acts as a support line, meaning that as long as the price remains above this line, the market is considered to be in an uptrend. Downtrend Line: Drawn along the high points when the market is declining. It acts as a resistance line. If the price remains below this line, it indicates a downtrend. Sideways Trend Line: Indicates a market in consolidation. It's usually characterized by a horizontal trend-line. Importance Of Trend-lines Direction Indicator: Trend-lines help in identifying the overall direction of the market, whether it's an uptrend, downtrend, or sideways trend. Support and Resistance: They act as dynamic levels of support and resistance. Prices often respect these trend-lines, making them crucial for entry and exit points. Breakouts and Reversals: A breach of a trend-line often signals a potential reversal or continuation of the trend. Recognizing these breakouts can lead to profitable trading opportunities. Limitations Of Trend-lines Subjectivity: Different traders might interpret trend-lines differently. What seems like a valid trend-line to one trader might not be the same for another. False Breakouts: Prices might breach a trend-line temporarily, tricking traders into thinking a breakout or reversal has occurred. Not Foolproof: Like all tools in technical analysis, trend-lines are not 100% accurate and should be used in conjunction with other tools and methods. #ellonmask
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