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BTC at 42k before June 2023!
Using Gann's 50% Retracement Rule to Predict Bitcoin's Future Price Movement
Bitcoin (BTC) is a highly volatile asset, and predicting its future price movement is notoriously difficult. However, some analysts believe that Gann's 50% retracement rule could be used to make predictions about Bitcoin's future price movement.
Gann's 50% retracement rule suggests that after a significant price movement in a financial market, the market tends to retrace approximately 50% of that move in about half of
Bitcoin (BTC) is a highly volatile asset, and predicting its future price movement is notoriously difficult. However, some analysts believe that Gann's 50% retracement rule could be used to make predictions about Bitcoin's future price movement.
Gann's 50% retracement rule suggests that after a significant price movement in a financial market, the market tends to retrace approximately 50% of that move in about half of
Treating Your Trading Like a Business
Trading can be a lucrative and rewarding endeavor, but it is important to approach it in a professional and structured manner. One of the best ways to do this is to treat your trading like a business. This means adopting the same discipline, strategy, and mindset as you would in any other business venture.
Start with a Business Plan
Just as any successful business requires a well-defined business plan, your trading should also have a clear plan in place. This plan should include your goals, ri
Start with a Business Plan
Just as any successful business requires a well-defined business plan, your trading should also have a clear plan in place. This plan should include your goals, ri
Harmonic Patterns: A Guide to Trading with Precision
In the world of trading, success often depends on a trader's ability to accurately predict market movements. One of the techniques that traders use to make these predictions is the analysis of harmonic patterns. In this article, we will explore what harmonic patterns are, how they are formed, and how they can be used to make profitable trades.
What are Harmonic Patterns?
Harmonic patterns are specific chart patterns that are based on Fibonacci ratios and geometric shapes. These patterns are us
What are Harmonic Patterns?
Harmonic patterns are specific chart patterns that are based on Fibonacci ratios and geometric shapes. These patterns are us
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BNBHitsATH
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$BNB Liquidation Alert
A $54,200 short position was liquidated at $761.34, signaling a strong bullish move as sellers were forced out.
This highlights growing confidence among buyers in Binance Coin’s upward trajectory.
Market Analysis:
• Momentum Shift: The liquidation reflects increased buyer pressure, which could fuel further upside if momentum sustains.
Key Levels to Watch:
• Support: $758 – Holding this level could solidify bullish control.
• Resistance: $770 – A breakout above this could pave the way toward $800.
Next Move Suggestion:
• For Bulls: Consider adding positions on dips near $758 with tight stop-losses to ride the trend.
• For Bears: Stay cautious; short opportunities may arise only if $758 fails to hold, signaling potential exhaustion.
Pro Insight:
Monitor trading volume closely; increasing volume during price surges often signals the start of a sustained move.
Always manage risk effectively!
#BNBHitsATH #Share1BNBDaily #MicrosoftBTCInvestmentVote #ETHOnTheRise #XRPReclaimsTop3
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