My self Tahir Mehmood I live in Attock city, Punjab Pakistan.I have been reading from last 10 years and I have many knowledge about binanc and crypto currency.
Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades
Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades
#BTC Hi dear friends , Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.
Revenge trading refers to a psychological trap where traders try to quickly recover their losses, often leading to irrational trading decisions. Revenge trading can lead to a dangerous cycle of poor trading decisions, as traders start basing their trades on emotions rather than proper trading strategies.
How Does Revenge Trading Work?
Revenge trading typically occurs when a trader experiences a significant loss or a series of losses. Feeling the pressure to "make back" the lost funds, the trader deviates from their trading strategy, often increasing their position sizing or entering trades with higher risk profiles.
The trader's judgment is clouded by emotions, overriding the discipline and rules set in their trading plan. They may start ignoring fundamental risk management principles and market indicators, focusing solely on recovering their loss as quickly as possible. For instance, imagine that after a heavy loss caused by an unexpected market downturn, the trader doubles down on another risky position to recover the lost capital. The new position bets against the recent downturn. Despite market indicators suggesting further decline, the trader sticks with the new position without any reason other than to recover their previous losses.
Consequences of Revenge Trading
Revenge trading can negatively influence traders both financially and emotionally. Financially, revenge trading often leads to further losses. It can also result in higher trading costs if trading frequency increases.
Emotionally, revenge trading can lead to stress and anxiety. It can also lead to a feeling of frustration and failure, which might deter the trader from following a systematic trading approach in the future. Furthermore, persistent revenge trading can result in burnout, causing the trader to lose interest and potentially stop trading altogether.
$BTC Hi Friends , Bitcoin is holding the $60,000 level and bounced from there. The volume is dropping because of the weekend and we see some action on Monday.
Today, $BTC continues to move within a long-standing downward price channel, with prices hovering around the $60,000 mark. It is anticipated to experience further declines and adjustments if the price channel is not breached by the Bullish side.
My idea is that BTC will follow the analysis on the chart. How about you? What are your thoughts?
Greetings, my friends. , I don't see any obvious and big buys, so be careful with them. If you opened positions in #long don't forget to make it safe with partial fixation
The news background around Tether has not disappeared at the moment. And the price pressure may continue further, without ri-tests of magnet zones, which I wrote to you here. (take this into account in your trading system).
I want to do some analytics on #Altcoins" today. I think it will be useful to analyze some of them in detail, but for that, I need to see your activity.
There is an inverse correlation between USDT dominance and Bitcoin.
If you look at the dominance chart, it has been in a downtrend since the Bitcoin bottom, and it recently broke below the 5% mark [red box]. Currently the dominance is re- testing the point of breakdown which looks like a bearish re-test On the other hand, If you look at BTC, it has closed one of its highest weekly candles and is testing its previous all time high, which looks like a bullish re-test
Yes, BTC is down about -19% from its recent highs, but this is very normal and in this cycle we've already seen 4 such corrections between -20% to -23% since the bottom.
There might be a bit more downside left, but selling now could be a mistake.
If USDT dominance gets rejected and BTC holds its current levels, we might see another upward move soon..
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. In the current context, we are still quite optimistic about the possibility that the price will continue to decline, with the short-term target set at 58,645 USD as mentioned previously
#b#BTC_CRASH_UPDATE Today, BTCUSDT continues its downtrend from the start of the week, currently experiencing a slight recovery around the $61,700 mark after dipping to a low of $59,700 yesterday.
Despite this minor rebound, the overall trend remains bearish. In the short-term chart, our strategy continues to favor selling, as BTCUSDT has broken down through the $61,700 support level, now turning it into a new resistance level. Additionally, the reversal indicated by the EMA 34 and 89 lines still favors sellers, following Dow's theory. We anticipate another selling opportunity after the coin retests the EMA lines as it has in the past. #BTC
#BTC_CRASH_UPDATE 4-hour chart pattern bearish. you have to buy into support. looks at the 60k level , that's points down then you can see the level of 58k and 55k. so careful. it's buying time $BTC