I asked GPT 4 Turbo to analyse this chart pattern for $BTC | HowDramaTech on Binance Square

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Bearish

I asked GPT 4 Turbo to analyse this chart pattern for $BTC
Surprisingly it knew which pattern it was forming and gave me a breakout Target price.
I am planning to create a bot that gives targets from patterns consistently.
#TechnicalAnalysis #AIsignals #Write2Earn

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BTC

62,563.72

+4.37%

118

0

Replies 0

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@KaranCho

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🪙 $BTC is repeating the same exact trend pattern when it ranged 41k - 43k price. [check the 1st image chart] Now $BTC is ranging from 51k - 53k [check the 2nd image chart] Guess what If this pattern is the same then the breakout will happen on 28th Feb - 2nd March Intrestingly, there is also some GDP Fed event during time. load up and be ready for this trade. 💸 If it breaks upside [$BTC should close above 53300] - TARGET - 56800 If it breaks down [ If candle closes below 50500] - TARGET - 45800 Be careful of the wicks, do not execute your trade until the candle close. As in the first image you can see Price went down but closes in it's trend only. lastly, just before the apex breakout, there will always be a fake out. be extra careful. patiently wait for the breakout, retest and a small rally. this has always been a safe way. Good Luck! 💰 #BTC‬ #Breakout #TradeOpportunity #Write2Earn

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Does any one feel like the March of 2020 will be repeated this coming March?? $BTC 50% correction before halving and then breaking all time high!

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$WLD Final price reached for the last Phase of this bull run. Good opportunity to short here. It will definitely retrace 50% down here. First target - 6.88 second target - 5.58 final target- 3.88 also that once the bear market starts next year this will break 0.96 usd

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I guess $BTC Phase 2 bullish trend is over. 53k was the top. So what strategy is best?? here's the DO's and DONT's [Let's start with what you should NOT do!!!!] 1. Never ever buy at the Phase 2 Pump. This is the period and Phase where many traders FOMO in and buy coins that are pumping 20-30% a day. Remember that whenever a coin pumps very hard, It usually signals that the top is near. It takes experience to know when a coin is in distribution Phase. So if you missed the train, so be it!! Do not buy on the pumps. 2. Do not try to SHORT the exact top! This is something that I have done many times. trying to time the market. when the coin pumps hard, I short thinking there will be a retrace. Well, there is a retracement going to happen but not when the price is in discovery mode. Use TA to understand the supports and resistance and trade only when you think the breakout will be respected. There is nothing wrong in just observing the price and waiting long until you trade. In fact this is what Good traders do. wait, wait, observe, understand and then react. 3. Lastly, do not trade by assuming that the price will reach to your expected price. You must be wondering, how do you not assume and how do you trade and take profits?? Trust me you'd be surprised to know that your assumption of the price is absolutely correct. But your timing is not. I've done this and I know. I've shorted $BTC heavily in 2022 from 38k assuming that we will drop to 29k. but it went up and I over leveraged the more it went. It went to 48k, got liquidated and guess what, the retracement finally happened. Don't just rely on TA, respect the time and the trend also. [So what can you do] 3 simple yet effective way 1. Did you know that the most number of liquidations happen during the 2nd phase of bull and bear trends??? because during this price action, the smart money liquidates the longs and the shorts and then goes parabolic. So be careful and observe when this happens and position yourself for a larger victory. to be continued in the comment: #Write2Earn

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I guess yet another time this played out exactly always. 😆 Few days back I posted saying whenever $LUNC pumps 20% in one day. There is always a bearish trend that starts for all the crypto. I guess today is the start of the bearish trend till 38000 for $BTC I guess this should be healthy for the market because there needs to be more fuel to rise higher. LIQUIDATION to weak hands is fuel.

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