WeekendWisdom
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đš Attention all crypto traders! đš
Before you even think about diving into weekend trading, pump the brakes and heed this warning. Here's why it's smarter to sit this one out and protect your hard-earned investments:
1. Weekend Woes:đŒ Limited liquidity and spiked volatility are the name of the game on weekends. With fewer players in the market, prepare for wild price swings and wider spreads, making profitable trades a daunting task and losses all too easy.
2. **News Flash:** đ° Brace yourself for potential market mayhem. Weekends aren't just for relaxation â they're prime time for unexpected news bombs. With fewer traders around, even the smallest tidbit of news can send prices on a rollercoaster ride, leaving you scrambling to keep up.
3. **Technical Troubles and Security Snags:** đ Weekends might be your chill time, but for trading platforms, it's when support takes a snooze. Prepare for potential technical glitches or security hiccups with fewer resources to resolve them. Plus, lower trading volumes make it open season for scammers to pull off shady moves.
4. **Beware of Overtrading:** đž When the market goes wild, it's easy to get caught up in the frenzy. But beware of making impulsive trades that can burn through your wallet with unnecessary fees and losses.
Trading on weekends may seem like a shortcut to quick gains, but more often than not, it's a shortcut to disaster. Keep your cool, stay on the sidelines this weekend, and save your trades for when the market's more stable and you're more likely to come out on top. Stay savvy, stay cautious, and keep those profits safe. đ°đĄ #CryptoTips #WeekendWisdom #HotTrends #MarkBTC $BOME $BTC $SOL
Before you even think about diving into weekend trading, pump the brakes and heed this warning. Here's why it's smarter to sit this one out and protect your hard-earned investments:
1. Weekend Woes:đŒ Limited liquidity and spiked volatility are the name of the game on weekends. With fewer players in the market, prepare for wild price swings and wider spreads, making profitable trades a daunting task and losses all too easy.
2. **News Flash:** đ° Brace yourself for potential market mayhem. Weekends aren't just for relaxation â they're prime time for unexpected news bombs. With fewer traders around, even the smallest tidbit of news can send prices on a rollercoaster ride, leaving you scrambling to keep up.
3. **Technical Troubles and Security Snags:** đ Weekends might be your chill time, but for trading platforms, it's when support takes a snooze. Prepare for potential technical glitches or security hiccups with fewer resources to resolve them. Plus, lower trading volumes make it open season for scammers to pull off shady moves.
4. **Beware of Overtrading:** đž When the market goes wild, it's easy to get caught up in the frenzy. But beware of making impulsive trades that can burn through your wallet with unnecessary fees and losses.
Trading on weekends may seem like a shortcut to quick gains, but more often than not, it's a shortcut to disaster. Keep your cool, stay on the sidelines this weekend, and save your trades for when the market's more stable and you're more likely to come out on top. Stay savvy, stay cautious, and keep those profits safe. đ°đĄ #CryptoTips #WeekendWisdom #HotTrends #MarkBTC $BOME $BTC $SOL
#WeekendWisdom
Nature of Crypto Market On Weekends
Unlike traditional stock markets, the cryptocurrency market operates 24/7, including weekends. This means you can buy and sell cryptocurrencies anytime, including Saturdays and Sundays. However, there are some key differences to consider when trading crypto on weekends:
* Lower trading volume:
Fewer traders are active on weekends, which can lead to lower liquidity and potentially wider bid-ask spreads. This means it may be more difficult to buy or sell crypto at your desired price.
* Increased volatility:
Prices can still fluctuate significantly on weekends, but due to the lower trading volume, these movements may be more erratic and unpredictable.
* Reduced access to customer support: Some cryptocurrency exchanges may have limited customer support hours on weekends.
Nature of Crypto Market On Weekends
Unlike traditional stock markets, the cryptocurrency market operates 24/7, including weekends. This means you can buy and sell cryptocurrencies anytime, including Saturdays and Sundays. However, there are some key differences to consider when trading crypto on weekends:
* Lower trading volume:
Fewer traders are active on weekends, which can lead to lower liquidity and potentially wider bid-ask spreads. This means it may be more difficult to buy or sell crypto at your desired price.
* Increased volatility:
Prices can still fluctuate significantly on weekends, but due to the lower trading volume, these movements may be more erratic and unpredictable.
* Reduced access to customer support: Some cryptocurrency exchanges may have limited customer support hours on weekends.
Biyond Weekly: Imagining The Cup & Handle Pattern
This week I would like to discuss the formation of the cup & handle pattern that is currently forming on the Bitcoin weekly chart.
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to œ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to œ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
why do people trade, especially long on weekends when it's weekly close ? Volumes are always low on weekends and market always dips before weekly close 8 out of 10 times. People avoid trading on weekends and keep patience for a safe entry always .
#WeekendWisdom #Marketsentimentstoday
#WeekendWisdom #Marketsentimentstoday
The Weekend Trading Trap: Why It's Best to Stay Away đš
Thinking about diving into crypto trading this weekend? Think again. Here's why it's smarter to sit this one out and protect your investments:
1. Weekend Woes: Limited Liquidity and Spiked Volatility
Trading on weekends means fewer players in the market and thinner liquidity. This cocktail often leads to wild price swings and wider spreads, making it tough to make profitable trades and easy to lose big.
2. News Flash: Market Mayhem Awaits
Weekends aren't just for kicking back â they're also prime time for unexpected news bombs. With fewer traders around, any tidbit of news can send prices on a rollercoaster ride, leaving you scrambling to keep up.
3. Technical Troubles and Security Snags
Weekends might be your chill time, but for trading platforms, it's when support takes a snooze. That means if you run into trouble or a security hiccup, you could be left hanging. Plus, with lower trading volumes, scammers have an easier time pulling off shady moves.
4. Beware of Overtrading
When the market gets wild, it's easy to get swept up in the excitement. But making trades based on impulse rather than strategy can burn a hole in your wallet with unnecessary fees and losses.
Trading on weekends might seem like a shortcut to quick gains, but more often than not, it's a shortcut to disaster. Keep your cool, stay on the sidelines this weekend, and save your trades for when the market's more stable and you're more likely to come out on top. Stay savvy, stay cautious, and keep those profits safe. đ°đĄ #CryptoTips #WeekendWisdom #HotTrends #MarkBTC $BOME $BTC $SOL
1. Weekend Woes: Limited Liquidity and Spiked Volatility
Trading on weekends means fewer players in the market and thinner liquidity. This cocktail often leads to wild price swings and wider spreads, making it tough to make profitable trades and easy to lose big.
2. News Flash: Market Mayhem Awaits
Weekends aren't just for kicking back â they're also prime time for unexpected news bombs. With fewer traders around, any tidbit of news can send prices on a rollercoaster ride, leaving you scrambling to keep up.
3. Technical Troubles and Security Snags
Weekends might be your chill time, but for trading platforms, it's when support takes a snooze. That means if you run into trouble or a security hiccup, you could be left hanging. Plus, with lower trading volumes, scammers have an easier time pulling off shady moves.
4. Beware of Overtrading
When the market gets wild, it's easy to get swept up in the excitement. But making trades based on impulse rather than strategy can burn a hole in your wallet with unnecessary fees and losses.
Trading on weekends might seem like a shortcut to quick gains, but more often than not, it's a shortcut to disaster. Keep your cool, stay on the sidelines this weekend, and save your trades for when the market's more stable and you're more likely to come out on top. Stay savvy, stay cautious, and keep those profits safe. đ°đĄ #CryptoTips #WeekendWisdom #HotTrends #MarkBTC $BOME $BTC $SOL
# $BTC WEEKLY Alertđšđšđš :
In my opinion last week $BTC failed to close below the critical support level but showed significant downward movement in the following week.
The price is now approaching this key support level again. If this week's candle closes below this support, we could see a substantial decline in price, potentially followed by a retest of the broken support level.
Poll: What do you think will happen next
1. Bitcoin will close below the support level and continue to drop.
2. Bitcoin will bounce back from the support level.
3. Bitcoin will remain around the current price level without significant movement.
Write your Option in Comments
#WeekendWisdom
#WeeklyMarketHighlights #week
In my opinion last week $BTC failed to close below the critical support level but showed significant downward movement in the following week.
The price is now approaching this key support level again. If this week's candle closes below this support, we could see a substantial decline in price, potentially followed by a retest of the broken support level.
Poll: What do you think will happen next
1. Bitcoin will close below the support level and continue to drop.
2. Bitcoin will bounce back from the support level.
3. Bitcoin will remain around the current price level without significant movement.
Write your Option in Comments
#WeekendWisdom
#WeeklyMarketHighlights #week
