$BTC

BTC is following a descending wedge pattern and is on the verge of a breakout. The 50-day moving average (MA 50) is acting as resistance. The intersection of the MACD indicates a bullish momentum.

A strong breakout from the descending wedge would confirm the bullish signal. In case of rejection, it would further establish itself within the descending wedge

#BTC #BTCUSDT

How to exit a trade

Break of a structure

The first way to exit a trade in crypto is by identifying a break of a structure. This involves analyzing the price chart and looking for patterns or levels of support and resistance. If the price breaks a significant level of support or resistance, it may be a sign that the trend is changing, and it's time to exit the trade.

For example, if the price of Bitcoin has been trading in a range between $50,000 and $60,000, and it suddenly drops below $50,00

How to identify fake breakout

Identifying a fake breakout in crypto trading using candles can be challenging, but there are some techniques that traders can use to increase their chances of identifying one. Here are a few things to look out for:

Look for high trading volumes: If there is a high trading volume during a breakout, it may be a sign that the breakout is legitimate. On the other hand, if the trading volume is low during the breakout, it could be a fake breakout.

Check the length of

Bollinger Bands are a popular technical analysis tool used in crypto trading that was developed by John Bollinger in the 1980s. They are used to measure the volatility of an asset and to identify potential buying or selling opportunities.

Bollinger Bands consist of three lines, the middle line represents the 20-day moving average of the price of the cryptocurrency, and the upper and lower bands represent two standard deviations from the moving average. These bands expand and contract based on t

Bullish engulfing pattern

The bullish engulfing pattern is a technical chart pattern that is commonly used by traders to identify potential bullish trends in the price of a cryptocurrency. The pattern consists of two candlesticks, the first being a small red candlestick and the second being a larger green candlestick that completely engulfs the previous red candlestick.

The bullish engulfing pattern is significant because it suggests that buyers have overwhelmed sellers, and that the cryptocur

Hammer Pattern

The hammer pattern is a bullish reversal pattern that typically forms at the bottom of a downtrend. It gets its name from its resemblance to a hammer, with a small body and a long lower shadow that looks like a handle.

The body of the hammer is usually small, and can be either bullish or bearish, although a bullish body is generally seen as a stronger signal. The long lower shadow indicates that sellers pushed prices lower, but buyers then stepped in and pushed prices back up, c

Trend Line Entry

When it comes to trading cryptocurrencies, one of the most popular technical analysis tools used by traders is the trend line. A trend line is a straight line that connects two or more price points and is used to identify the direction of a trend.

Trend line entry is a trading strategy that involves using trend lines to enter a trade. The basic idea behind trend line entry is to enter a trade when the price of a cryptocurrency breaks through a trend line in a particular direct

VET came out of the ascending triangle👀

📍And what we know about VeChain?

VeChain is a blockchain-based platform for supply chain management, founded in 2015. It uses a dual-token system, VET and VTHO, with VET used for value transfer and VTHO used for fees. VeChain has partnerships in various industries and offers tools for businesses to integrate blockchain technology. It's a top 50 cryptocurrency, but investments in cryptocurrencies come with significant risk.

🏦 Investors:

VeChain has

💰 #ADAUSDT 3D

ADA produced a 3D inverted head and shoulders and will test the neckline of that one🧐

Pump it if we go out and confirm the pattern📈

#ADA #CARDANO #BINANCE

US producer inflation fell in March stronger than expected to 2.7% 🤑

Why the markets are not rushing to the moon:

▪️ At least one more rate hike is expected in May.

▪️ Oil has returned to growth, and inflation may unfold behind it.

▪️ Tomorrow banks open reporting season, so let's see if they are doing well or not 😇

Local expectations. As it turned out, there are alternatives with the complication of correction up to a double three. That is, a good entry may still be

#SOLANA #SOLUSDT #Binance