#FinancialTransparency simple strategy.! At the current trading price of around $69,400, with a 2% decline in the past 24 hours, formulating a simple strategy for buying and selling Bitcoin can prove to be valuable.
Firstly, conducting thorough research is essential. Understand Bitcoin fundamentals, its price history, and market trends.
Determine your investment goals and risk tolerance. Decide on the amount you're willing to invest and establish whether you aim for short-term gains or a long-term investment approach.
Select a reputable cryptocurrency exchange for secure transactions. Consider setting specific entry and exit points based on technical analysis, like support and resistance levels.
Additionally, employing stop-loss orders can mitigate potential losses. It is crucial to remain disciplined and avoid making emotional decisions in response to market fluctuations.
Lastly, diversify your investment portfolio to hedge against Bitcoin's volatility. However, keep in mind that the cryptocurrency market is highly volatile and subject to risks.
Prioritize conducting personal research and making informed decisions based on your unique circumstances.#HonestyPays#HonestyMatters$BTC
#Bitcoin Market Analysis$BTC March 30, 2024 โโโโโ TECHNICAL (4H) BTC is currently maintaining its position above both the bullish flag pattern and the crucial horizontal support level, which serves as a key determinant for the continuation of the bullish trend. The only potential bearish scenario to consider is a breakdown below this support level, followed by a successful retest, which could indicate a shift in momentum.
BTC remains above the bullish flag and crucial horizontal support, key for bullish momentum. Bearish scenario: breakdown with successful retest of support. $BTC DAILY RANGE: ๐Upper Limit: 71000 ๐Lower Limit: 69000 (+-9% based on moving average volatility open/endpoints)#BullishOutlook๐#FinancialThoughts
๐ Bitcoin Analysis:๐ M Pattern and Supply Dynamics ๐
Technical Analysis: Theย 4-hour chartย indicates anย M pattern, with a weak neckline aroundย $68.5k. ๐ฅIf BTC bounces from this level and closes aboveย $71,382, consider a long position with a stop loss atย $69,857. The consecutiveย take profitย target could be aroundย $80,000. Supply Dynamics: ๐ฅBTC has repeatedly checked supply levels aroundย $59-60k. It currently awaits exhaustion of supply within theย $68k-70kย range.You can check the chart of mine that I have depicted with horizontal box with respect to volume. ๐Keep aย contingency planย in mind, as markets can surprise us. Always leave a back door open. Alternate Scenario: ๐If BTC drops to check liquidity atย $59-60k, consider taking an entry there with aย 5% stop loss. Remember, the crypto market is dynamic, and unexpected events can occur. Stay informed and adapt your strategy accordingly! #BitcoinTrends" #Fingerscrossed$BTC
$BTC Bitcoin upward trajectory seems to be diminished since few days. it seems #BTC will fail to hold it's price and fall back to next resistance level somewhere around $66000. if it happens then $ETH $SOL #SHIB etc will fall more than BTC. stay vigilant and do proper research before investment. comment your opinion please. note: it's not financial advice it's just market analysis .#BinanceAdvice#BTCMovement:#BitcoinPioneer$BTC
BTC UPDATE: Recently BTC made a Bull flag which is bullish continuetion pattern and BTC touched 71.6k after the breakout of the pattern. As of now BTC currently retesting the pattern for the massive upward move the targets will be 71k, 72k, 73k, and 74k for the next week or can happen from now. NOTE: Market sentiments are opposite about BTC , everyone talking about BTC to drop around 50k But as of my analysis there is no such signs for now to see a dump in BTC but if in case BTC fell below 68k with candle closing then we can see a significant dump otherwise I'm looking for a pump. DO YOUR OWN RESEARCH BEFORE INVESTING ๐๐ป I will update you if I see any movement thank you guys ๐๐ป#BTCMovement:#BinanceAdvice$BTC $SOL $ETH
BTC UPDATE : ๐๐๐ธ๐ฐ As i told you in my last post btc is trading above 69k support which was successful now BTC needs to maintain itself above this level if BTC successfully stayed above 69k support level then we will see btc at 73k to 75k this week ๐ฅณ but if BTC failed to maintain the support level ๐๏ธ then we will see big bearish move to the next support level of 63-64k. currently BTC is trying to reach the resistance level of 73k if it successfully break 73k level we will see big bullish rally above 75k ๐๐ธ๐ฐ. #BTC80K
Rules for making money in the bull market: 1. Once the rise starts, it will not end easily, so donโt be afraid of the big correction that occurs in the early stage. Enter the market boldly. The most troublesome thing is to continue to wait for a lower point. The longer you wait, the higher it will be, and you will be short all the way. 2. There are many injections in the bull market. If your position is not full, try to wait for a counterattack and directly fill it up. Otherwise, they will give you an injection at every turn, which most people will not be able to bear. 3. Position management must be done well. The layout of several key sectors is the best. Because if you are all in one sector, this sector will not move in the short term, and other sectors will rise all the way. This is the most uncomfortable thing. You will be trapped again after chasing. , the liquidation took off again within a few days, many people have encountered it, so either donโt buy it, if you buy it, you must hold it firmly, you will always wait until your currency rotates, no matter how bullish the bull market is, there will be a five-digit Ten times. 4. The market always rises amid disagreements. What a group of people criticize is often an opportunity, but when everyone is optimistic about it, it is a risk. 5. Donโt always think about selling high and buying low in the short term. Once you get off the bus, you will find that you canโt go back. Playing around in the short term is not as profitable as sitting still. 6. Every time there is a correction, the market will panic, and people say that the bull has run away. The fact is that it will take at least three or four major corrections before the bull market ends. So don't be afraid, there must be a pattern. As long as you can hold on to it and it's not a junk coin, no matter how bad it is, it will be five times or ten times. After a bull market, it's nothing to get twenty or thirty times the spot. #BTC๐ฅ๐ฅ๐ฅ๐ฅ$BTC
One notable pattern observed in Bitcoin's price movements is its tendency to experience significant price increases following periods of consolidation or correction. This pattern is often referred to as "bullish breakouts" or "rallying from accumulation zones."
For example, after Bitcoin's price peaked in late 2017 and subsequently entered a prolonged bear market throughout 2018, it eventually bottomed out around $3,000 in December 2018. From this point, Bitcoin began a gradual recovery and consolidation phase, trading within a relatively narrow range for several months.
Then, in mid-2019, Bitcoin started to break out of this consolidation range and began a new uptrend, eventually surpassing previous all-time highs. This pattern of consolidation followed by breakout and price acceleration has been observed multiple times throughout Bitcoin's history.
However, it's important to note that historical patterns are not guarantees of future performance, and Bitcoin's price movements are influenced by a multitude of factors, both internal and external. Therefore, while historical patterns can provide insights into potential future movements, they should be interpreted cautiously and in conjunction with other forms of analysis.
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