No.
Until BTC does not reach its high price, all the coins make up their losses. Until the losses are not recovered, no coin goes up. Do not follow the candle signals. All of them are useless.
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Tradingguro
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Understand Bullish And Bearish Candlestick pattern✅ And Earn Up To $100 Daily on binance🚨
If you are a beginner, you should know about bullish and bearish trends, especially if you trade on Binance. This is a fundamental concept for trading on Binance. If you understand this, you can easily earn $100 to $200 daily. This is essential for understanding the market, as it keeps going up and down. Read carefully.
Bearish Continuation Patterns
These patterns indicate that a downtrend is likely to continue after a consolidation phase. Here are the key bearish patterns:
1. Bearish Flag: A downward trend followed by a rectangular consolidation and a breakout to the downside.
2. Bearish Pennant: A smaller triangular consolidation after a sharp downtrend, usually followed by a further drop.
3. Bearish Rising Wedge: A narrowing upward price channel that breaks downward.
4. Descending Triangle: A horizontal support level and descending resistance lead to a breakdown.
5. Inverted Cup and Handle: A rounded top followed by a smaller consolidation before a drop.
Strategy for Bearish Patterns:
Short Entry: After the breakdown from the consolidation phase.
Stop Loss: Just above the resistance trendline or previous swing high.
Take Profit: Measure the height of the previous trend and project downward.
Bullish Continuation Patterns
These patterns suggest that an uptrend is set to resume after consolidation. Key bullish patterns include:
1. Bullish Flag: An upward trend followed by a rectangular consolidation and breakout upward.
2. Bullish Pennant: A small symmetrical triangle following a sharp rise, leading to another upward breakout.
3. Bullish Falling Wedge: A narrowing downward price channel breaking upward.
4. Right Angle Descending Wedge: A descending resistance trendline with a flat support level leading to an upward breakout.
5. Symmetrical Triangle: A triangle pattern with converging trendlines, leading to continuation upward.
6. Cup and Handle: A rounded bottom followed by a smaller consolidation and breakout upward.
7. J-Hook Pattern: A smooth upward curve signaling a continuation of the uptrend.
8. Scoop Pattern: A rounded dip in price followed by a sharp rise.
Strategy for Bullish Patterns:
Long Entry: After the breakout from consolidation.
Stop Loss: Below the support trendline or previous swing low.
Take Profit: Measure the height of the previous trend and project upward.
How to Earn $100 Daily on Binance
To leverage these patterns effectively:
1. Set Alerts: Use Binance's charting tools to set alerts for potential breakout points.
2. Risk Management: Risk only 1-2% of your portfolio per trade to protect your capital.
3. Practice Scalping: Look for these patterns on shorter timeframes (e.g., 5m, 15m) for quicker trades.
4. Use Leverage Carefully: If using leverage, ensure tight stop losses to minimize risk.
5. Backtest Strategies: Use Binance's demo account or tools like TradingView to test strategies on historical data.
#bullish #bearish #crypto2024 #CryptoETFMania #BitwiseBitcoinETF
Bearish Continuation Patterns
These patterns indicate that a downtrend is likely to continue after a consolidation phase. Here are the key bearish patterns:
1. Bearish Flag: A downward trend followed by a rectangular consolidation and a breakout to the downside.
2. Bearish Pennant: A smaller triangular consolidation after a sharp downtrend, usually followed by a further drop.
3. Bearish Rising Wedge: A narrowing upward price channel that breaks downward.
4. Descending Triangle: A horizontal support level and descending resistance lead to a breakdown.
5. Inverted Cup and Handle: A rounded top followed by a smaller consolidation before a drop.
Strategy for Bearish Patterns:
Short Entry: After the breakdown from the consolidation phase.
Stop Loss: Just above the resistance trendline or previous swing high.
Take Profit: Measure the height of the previous trend and project downward.
Bullish Continuation Patterns
These patterns suggest that an uptrend is set to resume after consolidation. Key bullish patterns include:
1. Bullish Flag: An upward trend followed by a rectangular consolidation and breakout upward.
2. Bullish Pennant: A small symmetrical triangle following a sharp rise, leading to another upward breakout.
3. Bullish Falling Wedge: A narrowing downward price channel breaking upward.
4. Right Angle Descending Wedge: A descending resistance trendline with a flat support level leading to an upward breakout.
5. Symmetrical Triangle: A triangle pattern with converging trendlines, leading to continuation upward.
6. Cup and Handle: A rounded bottom followed by a smaller consolidation and breakout upward.
7. J-Hook Pattern: A smooth upward curve signaling a continuation of the uptrend.
8. Scoop Pattern: A rounded dip in price followed by a sharp rise.
Strategy for Bullish Patterns:
Long Entry: After the breakout from consolidation.
Stop Loss: Below the support trendline or previous swing low.
Take Profit: Measure the height of the previous trend and project upward.
How to Earn $100 Daily on Binance
To leverage these patterns effectively:
1. Set Alerts: Use Binance's charting tools to set alerts for potential breakout points.
2. Risk Management: Risk only 1-2% of your portfolio per trade to protect your capital.
3. Practice Scalping: Look for these patterns on shorter timeframes (e.g., 5m, 15m) for quicker trades.
4. Use Leverage Carefully: If using leverage, ensure tight stop losses to minimize risk.
5. Backtest Strategies: Use Binance's demo account or tools like TradingView to test strategies on historical data.
#bullish #bearish #crypto2024 #CryptoETFMania #BitwiseBitcoinETF
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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