$BTC Cross and zero in trading

Point and figure charts are a powerful tool for analyzing price movements. Each "move" on the chart is represented by either a cross (X), indicating an increase in price, or a zero (O), indicating a decrease in price. Traders use this type of chart to identify patterns and trends, making informed trading decisions. It is important to remember that analyzing point and figure charts requires knowledge and experience, but when used correctly they can improve a trader's skills and make his trading more successful.

Analysis of #BTC charts shows that a cross indicating a growing trend appeared on January 16, 2023 and continues to appear.
The point on the resistance line is located at 57000, where a reversal or breakthrough is possible. If the price breaks through the resistance line, the price will reach 73605.

#Write2Earn‏ #trader #traders

$BTC $ETH $SOL

Over the past 24 hours, 79,851 traders were liquidated, the total amount of liquidations amounted to $245.32 million.
The largest single liquidation order occurred on Bybit - BTCUSD for $4.000.000.

#HotTrends #BTCRally #trader #traders

$BTC Three scenarios based on LTH SOPR:

1. The market grows until the end of the cycle.
2. The market corrects, stabilizes until halving, then grows.
3. The market grows, corrects after the halving, and then resumes growth.

What scenario do you think will happen?

#HotTrends #Bitcoin‬ #Halving #BTCRally

$BTC Bitcoin reserves are noticeably declining. What is driving this trend?

1. The upcoming Bitcoin halving, when miners will receive half the BTC for mining, reduces income. 2. Selling now brings higher profits.

But why doesn't the price fall?

The surge in demand for Bitcoin was caused by ETFs absorbing BTC from the market.

#HotTrends #Bitcoin‬ #BTCRally #BTC110K

$ETH 🚨 ALERT 🚨 244,550 #ETH (992,516,261 USD) transferred from unknown wallet to unknown wallet

The latest data as of publication on March 13 shows that 2,450 node validators exited the Ethereum staking network in the last 48 hours, withdrawing 78,016 ETH (~$320 million) ahead of the Dencun update.

#HotTrends #Ethereum(ETH) #Ethererum #EthereumETF

$BTC #Bitcoin MVRV price ranges, the next key price target for $BTC is $83,035!

#HotTrends #BTC/USDT: #BTCRally #BTC/USDT.

$BTC 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 26,139 #BTC (1,879,417,875 USD) transferred from unknown wallet to unknown wallet
They are preparing a major price movement, probably a bullrun to 80,000

#HotTrends #BTC/USDT. #BTCRally #BTC/USDT:

$BTC Bitcoin has seen only 8 instances where the average weekly return of holders was ≥98%. We are now in such a rare period.

The last time this happened was on February 8, 2021, when $BTC was worth around $40K.

#HotTrends #BTC75k #BTC/USDT. #BTCRally

$BTC The Biden administration is proposing a 30 percent tax on the electricity used by Bitcoin miners, even if you're operating off-grid using your own solar and wind generation. All the reasons they give are excuses, their real reason is that they want to suppress Bitcoin and launch a CBDC.

CBDC stands for central bank digital currency. It is a form of digital currency created and controlled by a state's central bank. CBDC is an electronic form of national currency and can be used to conduct payments and other financial transactions.

#HotTrends #cbdc #BTC75k #BTCRally

$BTC Cryptoquant: As soon as there is a liquidity crisis on the seller's side, its next cyclical peak may exceed our expectations due to limited liquidity on the seller's side and a thin order portfolio.

This can happen as soon as the accumulation addresses reach a total of 3M BTC. (there are 1.4 million left when the free bitcoins run out)

#HotTrends #BTC75k #BTC/USDT. #traders

$BTC Bitcoin - Retail to Institutional Address Ratio. Retail investor = Bitcoin ownership < 10
Institutional Investor = Bitcoin Ownership > 1000

When more institutional investors enter the market (the ratio decreases), the price of Bitcoin is likely to rise.

#HotTrends #BTC/USDT. #BTCRally #traders

Each pattern has its own characteristics and signals that can help a trader determine a possible change in market direction or continuation of the current trend. Correctly interpreting candlestick patterns requires attention to market context, trading volume, and other factors.

Traders can use candlestick patterns in their trading strategy to identify entry and exit points for positions, set stop losses, and determine profit potential. Candlestick pattern analysis is a powerful tool for traders that can help them make informed decisions in the market.

However, it is important to remember that successful trading requires not only knowledge of candlestick patterns, but also an understanding of the market context and risk management.

#Write2Earn‬ #traderpannterns #trader

1. Head and Shoulders: This pattern usually indicates a potential change in trend and possible price movement in the opposite direction.

2. Double Bottom and Double Top: These patterns indicate a possible change in trend after the price has touched a certain level twice.

3. Triangles: These are patterns that form on charts when the price moves in a narrow range without a clear trend.

4. Flag and Pennant: These patterns usually indicate a continuation of the current trend after a period of consolidation.

5. Trading Volume: Patterns based on trading volume can indicate market strength or weakness, which can be used to identify potential entry and exit points for trades.

#Write2Earn‬ #traderpannterns #traders #trader

Ready-made templates for analyzing trading candlesticks

#candleanalysis #TradingSkills #traders