Fibonacci Retracement is a popular technical analysis tool used to identify potential support and resistance levels in the market, based on Fibonacci series ratios. These ratios help traders identify areas where the price may bounce back during a corrective move in the overall market trend.
Understanding#BitcoinVolatility During Bull Markets$BTC
This chart provides a great perspective on Bitcoinโs historical bull market corrections. While many investors view rallies as a continuous climb to new highs, the truth is that large pullbacks โ ranging from -29% to -38% โ have been a constant feature of Bitcoinโs journey.
Why is this important?
1๏ธโฃ Volatility is normal: Even during strong uptrends, Bitcoin has shown significant declines. Staying calm and sticking to a thoughtful strategy is crucial.
2๏ธโฃ Correction Opportunity: For disciplined investors, these dips can provide excellent buying opportunities โ provided youโve done your homework and understand the market fundamentals.
3๏ธโฃ Long-Term Outlook: Despite these sharp declines, Bitcoin has continued to climb, rewarding those who remained convinced and avoided panic selling.
As we navigate the next stages of the Bitcoin cycle, remember: history does not repeat itself, but it often rhymes.
Update!! - Opportunity to buy but preferably after breaking the 0.0005851 level๐. - Target (1) 0.0007900 - Target (2) 0.0009475 - Stop loss level 0.0004639
Close the deal at a price of 0.01363 with a profit of 3%
Gamalabdelnasser
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Bullish
$TLM
On the 15m frame, the currency reached the oversold level on the RSI indicator And the trend started towards the rise Open a deal from the current price and target the price of 0.01368 Not a recommendation to sell or buy
$TLM On the 15m frame, the currency reached the oversold level on the RSI indicator And the trend started towards the rise Open a deal from the current price and target the price of 0.01368 Not a recommendation to sell or buy
The pattern target has been achieved with a profit of 19%. Please close the deal and wait for a new buy signal.
Gamalabdelnasser
--
Bullish
$XVG #XVG
Cup and Handle Pattern (Cup and Handle) On a 15M frame after a continuous decline from the top of 0.012468, the currency took a correction direction and formed a cup. After the currency reached the bottom of the correction at 0.010202 We took an upward direction forming the second part of the pattern, which is the handle or handle With the price rebounding to the level of 0.012000, the currency was given an upward target at 0.012340. The price pivot in the event of a price breakout of the neck of the pattern, the currency's target is at 0.014786 From a short-term perspective, with a profit of 20%
Cup and Handle Pattern (Cup and Handle) On a 15M frame after a continuous decline from the top of 0.012468, the currency took a correction direction and formed a cup. After the currency reached the bottom of the correction at 0.010202 We took an upward direction forming the second part of the pattern, which is the handle or handle With the price rebounding to the level of 0.012000, the currency was given an upward target at 0.012340. The price pivot in the event of a price breakout of the neck of the pattern, the currency's target is at 0.014786 From a short-term perspective, with a profit of 20%
The cup and handle pattern is one of the most popular and reliable chart patterns used in trading, especially in technical analysis. It indicates a potential continuation or reversal trend and often leads to bullish breakouts. Here is how to trade using the cup and handle pattern:
Understanding the Cup and Handle Pattern 1. Cup formation:
Among the many technical analysis tools, the symmetrical triangle pattern stands out as one of the most accurate and effective patterns ๐, especially when used correctly in determining market trends and making investment decisions ๐ก. For me, this analysis has always proven to be 100% successful, which makes it an essential part of my trading strategy ๐ฏ.
"The more you learn, the more you lose." Focus on one strategy at the beginning, learn it, master it, backtest it, see its success rates, and collect information about it. This way, God willing, you will be a successful trader. However, if you move from one strategy to another, you will only be wasting money and time.
๐ดPrinting money is like ice cream. It can stop your child from crying, but it wonโt solve his hunger.
As parents, you think that when the child stops crying, you will have time to cook food for him.
But none of you know how to cook, and even if one of you did, you wouldnโt be able to prepare healthy and nutritious food.
So, you have only one choice left: keep giving ice cream to the child.
Yes, ice cream stops the crying, but it makes the child sicker.
Eventually, one day, the child will die.
Remember that ice cream can never solve the problem of hunger, and cooking requires real effort and work. Only a fool would think that ice cream can keep a child alive forever.
A recessionary economy requires real goods and services, not tons of paper or numbers.
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