Bullish Trading Ahead? Bitcoin Price Sees New Technical Patterns
Technical indicators suggest that the bitcoin price could be preparing for a rather significant correction, potentially sending it below $600. Traders shouldn’t have too much to fear though, as the decline is expected to be followed by bullish activity, resulting in a rise to $700 and beyond, hitting resistance at $1000. After a year where a rounded bottom pattern was perfectly accomplished, a new big pennant had taken place into the mid-term trading box, created as a result of the sideways lateral market that professional traders´ work let behind their accumulation activities. Perhaps we....
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Trading crypto in the bear market is one of the most difficult times for most traders, including advanced traders, but as the saying goes, the bear market produces the best traders, and millionaires are born. Trading without the proper skills and implementing your strategy (Bullish chart patterns) is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. Having the right mindset, patience, and trading strategies like chart patterns, indicators, and market structures gives you an advantage over large investors and institutions. Most....
What separates the advanced and novice traders during a bear market is the application of different strategies, preciseness, use of the common 3 triangle patterns, and managing trade to have a proper edge against other crypto traders. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. There is so much more involved in trading in the crypto space other than buying and selling based on the feeling that this is the best....
The price of bitcoin is in a bullish pattern, seeing significant spikes over the past 24 hours. At press time, the value of one BTC has reached a high of $612 USD, and the price momentum is looking on the upside. Last Week Bitcoin Remained Stable, But the Price Is Now On the Move. As reported by Bitcoin.com’s last price analysis on August 23, bitcoin....
Technical Analysis is a method for analyzing price through the study of historical data primarily focusing on price and volume specific to the market. Contrary to fundamental analysis, technical analysis is purely quantitative and does not account for a company’s intrinsic value. It utilizes previous prices and trading action to identify patterns within....
DOT could witness an increase in demand after Polkadot's launch of an intercommunication blockchain tool. Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart.DOT paints "cup and handle" patternNotably, DOT has been forming a "cup and handle" pattern since mid-June, confirmed by its price crashing and recovering in a rounding, U-shaped trajectory (cup), followed by the development of a trading range on the right-hand side (handle).DOT/USD daily price chart featuring "cup and handle" breakout setup. Source:....