City crypto

Bitcoin average transaction fee began to decline

💸 Transaction fees on the BTC network have begun to recover — on April 20, fees reached a record $128.5, but currently, the fees in the network of the first cryptocurrency have decreased to $35.

The increase in fees accompanied the launch of the Runes protocol, which allows for the creation of tokens on the Bitcoin network.

🛡 The supply of stablecoins rose more than 14% in the first quarter as market participants continued to increase their usage, with stablecoins this prominent in the markets, expect this to continue to rise as the effects of the 4th $BTC Halvening starts to develop 🛡

Ever wondered why we call rising markets "bullish" and falling ones "bearish"?

It's all in the attack! Bulls thrust upward, symbolizing growth and optimism in soaring markets. Bears swipe downward, embodying caution as markets dip.

The story dates back centuries, rooted in speculative trading and animal symbolism. "Bear" first emerged from traders selling skins they didn't yet own, a gamble on future price drops. "Bull" charged in later, as the bold counterpart betting on gains.

These timeless terms paint the highs and lows of trading with vivid strokes. Whether you're charging with the bulls or pacing with the bears.

Unlock market potential with the Falling Wedge pattern – a signal for bullish reversals. Its downward slopes and reducing selling pressure hint at upcoming gains, guiding traders towards success.

Key Features to Spot:
1. Convergence in Action: Watch the dance of the trend lines as they draw closer, forming a distinctive wedge pointing downwards.
2. Volume's Tale: Observe the quiet before the storm; a decrease in volume hints at a weakening bear grip.
3. Breakout Brilliance: The moment of truth arrives with a price breakout above resistance, often amid a crescendo of volume, heralding a new bullish era.
4. Strategic Insights: Measure the depth of the wedge for potential price targets, guiding your journey to trading success.

Embrace the Falling Wedge, a pattern celebrated by traders for its predictive prowess and strategic advantage. Join us at Bold Prime, where global markets meet expert insights.

Identifying breakouts involves monitoring key price levels on a chart to determine when an asset’s price moves beyond a defined range. Here’s a simplified guide:

1. Identify Key Levels:
• Look for significant support and resistance levels where the price has historically struggled to move beyond.

2. Watch for Consolidation:
• Breakouts often occur after a period of consolidation, where the price moves within a relatively narrow range. This can be seen as a tightening of price movements.

3. Volume Confirmation:
• Volume can be a crucial indicator. A breakout with higher-than-average volume is often considered more valid, indicating increased market participation.

4. Use Technical Indicators:
• Indicators like Bollinger Bands, Moving Averages, or Relative Strength Index (RSI) can provide additional confirmation of a potential breakout.

5. Price Patterns:
• Pay attention to chart patterns like triangles, rectangles, or flags, as they often precede breakouts.

6. Multiple Timeframes:
• Confirm breakouts by checking multiple timeframes. A breakout on a higher timeframe adds strength to the signal.

7. False Breakout Consideration:
• Be aware of false breakouts. Sometimes, prices briefly move beyond a level but then reverse. Wait for a clear confirmation before making decisions.

A bearish flag pattern is a technical analysis chart pattern that typically occurs after a significant downward price movement (flagpole). It is characterized by a rectangular-shaped consolidation, sloping against the prevailing downtrend. The pattern resembles a flag on a pole, hence the name.

In a bearish flag pattern:

1. Flagpole: There is a sharp price decline (flagpole) preceding the consolidation.

2. Flag: The consolidation phase is marked by parallel trendlines, usually slanting against the previous downtrend.

3. Breakdown: The pattern often concludes with a downward breakout, signaling a potential continuation of the prior bearish trend.

Do you know Head and Shoulder pattern?

head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal.

The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.

Rundown on trading the Bullish Flag:

1. Identify the sharp upward trend (the flag pole).
2. Find the slight downward consolidation (the flag).
3. Make sure the pullback is less than 38% of the flag pole.
4. Enter at the flag's bottom or after a breakout above the flag.
5. Target a rise equal to the flag pole's height post-breakout.

Trade Smart!

"Pullback After Breakout Entry" from the chart:

- Breakout: The price jumps over a resistance, suggesting a start of an uptrend.

- Pullback: The price then dips slightly, retesting the old resistance, which should now act as new support.

- Entry: This retest is our chance to enter the trade, expecting the price to rise.

- Stop Loss: We place a stop loss just below the new support to minimize losses if the trend reverses.

- Initial Target: Our profit goal is set at a level above our entry, where we might consider taking some profit off the table.

Stick to the plan for disciplined trading!✔️

Traders,

Let's break down "Scalping," a rapid-fire trading strategy:

- Short Duration: Trades last from a few seconds to minutes, like the examples here: 1 min 45 sec and 6 min.

- Quick Profits: It's all about making small gains on minor price movements, repeatedly throughout the day.

This approach is intense and not for the faint of heart. It requires quick decisions, a strict exit strategy, and constant market watch. Perfect for those who love a fast-paced trading environment.

Here are the 5 golden rules every Pro Trader lives by:

1. Wait for the Right Entry - Timing is everything.
2. Define Loss Before Entry - Know your exit before you step in.
3. Accept What Market Gives - Stay adaptive and flexible.
4. Focus on the Process, Not on P&L - Trust the process, results will follow.
5. Take Small Breaks - Refresh and refocus.

Consistency and discipline are key. Stay ahead of the game and trade like a pro!

guide on Candlestick Reversals:

1. Valid Reversal - When the candle closes within the inside bar range.
2. Valid Reversal - When it closes above the previous candlestick's high.
3. Invalid Reversal - If the candle closes below the inside bar's low.

Understanding these patterns is key for smart trading decisions.

Stay sharp and trade wisely!

let's discuss "fakeouts":

1. Support/Resistance: These are the "floors" and "ceilings" where prices tend to find stability or face challenges.

2. Breakout: When prices move outside these boundaries.

3. Fakeout: After a breakout, prices make a brief move but then quickly return to the range. It's a false alarm.

4. Retest: Prices touch the resistance or support again, verifying its strength.

5. Clean Traffic Zone: A clear path, showing where prices can move freely.
6. Possible Move: The potential direction prices might take after a retest.

Always be cautious around breakout zones to avoid being caught in a fakeout.

Let's dissect the "Triple Top Pattern"! 📉

1️⃣ Uptrend kicks in, but then...
2️⃣ Three Peaks: First, Second, Third Top - Bulls try, but can't push past.
3️⃣ Consolidation Zone: Bulls and Bears tug-o-war! 🥊
4️⃣ Breakdown: Uh-oh, bears might be in control.
5️⃣ Retest: A lil' hope? Nope, false alarm.
6️⃣ Downtrend sets in, marked with Lower Highs (LH) and Lower Lows (LL).

Spot this? It could be a bearish storm ahead! 🐻 Stay alert, team.

Trade smart and stay sharp!

In trading, you have to master two things; the market and yourself.

In all these, personal mastery takes 80% of the success equation— that is psychology.

Trading psychology is key and needs to be worked on everyday no matter how old you are in the industry.

To learn more about yourself, you got to take journal of your trades and how you react to them. Do this over and over again until it sticks.

You’ve got what it takes to win; go on and win!

📌Dive into this snapshot of "Bullish Reversal" patterns! 📉📈

1️⃣ Double Bottom: Like a 'W', it's a sign the bears are outta steam.

2️⃣ Triple Bottom: Three lows? Bulls might be taking charge.

3️⃣ Falling Wedge: Prices squeeze tighter? Expect a bullish jump!

4️⃣ Inverted Head & Shoulder: Spot a central dip with smaller dips on each side? Bulls are gearing up 🔼

Eyes on the charts, and remember these formations! The market's language is all in the patterns. 🕯