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False and Failed Breakouts

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False Breakout 
Price breaks out but almost  
immediately returns back  
through its breakout price.
 
Failed Breakout  (Trap)  
False breakout occurs and  
the price then breaks out in  
the opposite direction.
#bitcoin 

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$BTC Correlation between BTC Values and Google Search Trends 🟣On the chart, you can observe the correlation between BTC's digital values and Google search queries. BTC has risen by 157% since the beginning of the year, while retail investors remain on the sidelines. Search queries indicate that the main liquidity from retail investors has not yet entered the market, implying a massive potential for movement within the bullish trend. 🟣Patience and HOLD are key. The current accumulation phase is designed to exhaust investors and prompt them to sell their assets, which we are actively observing now. Globally, we are still in the very early stages of BTC adoption worldwide.

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$BTC 📱Daily BTC Overview 🔴 Market Liquidations in the Last 24 Hours, CoinGlass: Approximately 75K traders were liquidated, totaling around $215 million — about 80% long positions and 20% short positions. 🟣The workweek did not close in the best way, as BTC failed to confirm the movement within the bullish flag — there was no rebound. However, BTC is now thoroughly testing the 61.8% Fibonacci correction level. If we see a rebound from this level, preferably with increased volume, it will indicate the levels are holding📈. The next target would be the zero level around 72K, followed by the 74-75K zone. 🔴This is only if there is a rebound. If BTC cannot climb back above 67K, a consolidation below this level will likely result in a continued drop to the lower boundary of the range, around 60K. Unfortunately, this would happen without gathering liquidity above 72K this time.

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$BTC and #BTC $ETH $Educational Post 👨‍💻 #Trading_Mountain : How to reach the top step-by-step 🏃As we all know, the road that leads to successful and consistently profitable trading is a pretty difficult and long one. 🏃It takes years of hard work, patience, dedication, and experience to reach the top of the trading mountain. Many beginners make similar mistakes before starting their journey. 🏃As it can be inferred from the graphical illustration, the mountain pattern connects dots and shows a realistic path of a successful trader to the top of the hill . 🏃After we have decided what our strategy will look like, we build a trading plan around it and make it a part of our lifestyle. We identify our trade entry criteria, risk management plan and so forth . 🏃After everything is went through and all hills are climbed, the top of the mountain will be reached. Of course, being a professional trader does not necessarily signify that there will be no failing trades and the win rate will always be above 90%.

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OPEN — SHORT📉 Trading Pair: SNX/USDT Entry: 2.208 (market order) Averaging (DCA): 2.343 Targets: 2.161 2.113 2.019 1.925 1.737 SL: Temporarily without stop loss. Futures - no more than 1% deposit. SNX looks weak. We can hedge our positions with this trade. #altcoins #BTC $BTC #FutureTarding #Signal.

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$BTC #altcoins #BTC $OPEN — LONG 📈 Trading Pair: INJ/USDT Entry: 29.158 (Market order) Averaging (DCA): 27.549 Targets: 29.719 30.279 31.399 32.520 34.761 SL: Temporarily without stop loss.. Be sure to use risk management. No more than 2% of the deposit on this trade!

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