Trading with Fibonacci Sequences: Position Management and Profit Taking
Understanding Fibonacci Retracement Fibonacci retracement identifies potential support and resistance levels using ratios—23.6%, 38.2%, 50%, 61.8%, and 78.6%—to signal possible price bounces during market corrections. The Fibonacci sequence and increasing positions We can use the Fibonacci sequence for structured positioning, which helps us to manage risk and capital more effectively. Instead of adding the same amount of lots (or other units) at each retracement level, the Fibonacci sequence gra
In our last research, we estimated the approximate timing of the peak phase of a bull market by analyzing the patterns of previous Bitcoin price cycles.
Today’s deep dive will focus entirely on a phenomenon unique to the crypto market called altseason. We’ll try to answer the following questions: When will it start?How long will it last?Which projects could show the best performance? But first, let’s define what the altseason actually is. The altcoin season, or altseason, is a period when altco
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Strong Chinese Yuan equals Bitcoin parabolic rally
How Bitcoin relates to Chinese Yuan As the pseudonymous trading expert further explained, history has shown that this is when Bitcoin “always initiates its Parabolic Rally phase” or, in other words, “when the Yuan gains strength, Bitcoin shines.” Furthermore, TradingShot noted just how strong the historical similarities are:
In fact, according to the chart shared by the analyst, similar developments occurred back in 2017 and 2020, and the current cycle was identical to the one in 2020 when the
On the H1 timeframe, BTC is gradually retracing to the 38.2% Fibonacci level. Place partial buy orders for BTC starting at 65,000 to build a position, with TP at 67,500. If the price moves against you, continue building positions according to the levels mentioned in the post: "Trading with Fibonacci Sequences: Position Management and Profit Taking " pinned in my profile.
Is Shiba Inu Ready For A New All-Time High Above $0.00008?
Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrency’s recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086. Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around $0.00001 to $0.00002. This significant price increase occurred in the last few weeks, hinting that the popular meme coin may be getting ready for a parabolic
Elon Musk shared an AI-generated image of himself, Donald Trump, and the DOGE dog, showing support for Trump's presidential campaign and referencing the proposed Department of Government Efficiency.$DOGE
RECENTLY: Lookonchain reports that BlackRock now owns 363,626 BTC, valued at $23.68 billion, making it the third-largest Bitcoin holder after Satoshi Nakamoto and Binance, which holds roughly 550,000 BTC.
Dogecoin To The Moon? A Bullish Breakout on the Horizon.
A breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Identified Bullish Momentum in Dogecoin The chart reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181.
DOGE peaked at $0.2100 in March before entering its descending pattern. Now, signs indicate that DOGE
Analyst predicts Bitcoin and altcoin bull run as FOMO returns
Markus Thielen, Head of Research at 10x Research, disclosed that the September rate cuts by the Federal Reserve and China’s stimulus have caused a new FOMO wave in the crypto industry. He noted that Bitcoin had surged 5%, Ethereum had risen 11%, and altcoins like SHIB, ENA, and SEI gained 36%, 51%, and 54%, respectively, since the rate cuts. Thielen’s analysis revealed an altcoin explosion and an acceleration in stablecoin minting. Chinese OTC crypto brokers reported over $120 billion (~$