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BakeryToken / Bitcoin

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BAKEBTC trade ideas

✳️ BakeryToken Extremely Bullish —Early Action Predicts 1,800%+BakeryToken grew by 657% in 147 days last year, between July and December. While this is definitely a huge feat, this is only the beginning, literally. The black line on the chart represents the recent downtrend that has just been broken. And once the downtrend ends we get a new trend and that's an uptrend. The potential for growth is really high based on the Fibonacci extension numbers. 👉 We are looking at an additional 650% mid-term and more than 1,800% long-term. This is not financial advice. Thanks a lot for reading and for your continued support. Tomorrow there will be more. Namaste.
Long
by AlanSantana
4
BAKEBTC Uptrend Validation Point to BullishBAKEBTC has recently demonstrated strong support within the 61.8% Fibonacci level, affirming the significance of the demand zone. This was further reinforced by the price breaking above the downtrend trendline, confirming the presence of an ongoing uptrend. Consequently, the likelihood of a continued price ascent is notably high, with BAKE potentially targeting the next significant supply area around 625 satoshis. Nevertheless, it's wise to remain prepared for a consolidation phase and a potential re-test of the demand zone before a full-fledged rally ensues. Overall, the overall bullish outlook remains highly optimistic for BAKEBTC.
Long
by CryptoPAMM
BAKEBTC Faces Critical Support💎#BAKEBTC is currently exhibiting robustly bullish price dynamics. A keen examination reveals a recurring pattern: the price consistently breaches the downtrend trendlines on the daily chart, signaling a sustained long-term uptrend. 💎At present, the price finds itself sandwiched between the supply and demand zones, predominantly trading at the lower boundary of this range. Of particular significance is the resilience of the 61.8% Fibonacci level, which has served as a robust support level, with the price hovering just above it for the past five days. 💎This pattern significantly augments the likelihood of an impending upward movement. If this materializes, the price could potentially ascend just beyond the supply zone, with a target set on the 127.2% Fibonacci retracement level. However, it's essential to remain cautious as long as the minor resistance at 430 satoshis remains unconquered by the bulls. 💎Should this resistance fail to yield to the bullish momentum, the downside risk persists. In such a scenario, the breach of the 61.8% Fibonacci support would set #BAKE on a continued downward trajectory, with its sights potentially fixed on the 78.6% Fibonacci support level.
Long
by MyCryptoParadise
BAKE/BTC - BakerySwap: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $BAKE / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000392 | 0.00000405 | 0.00000441, and the major support zones can be found at 0.00000356 | 0.00000333 | 0.00000297. Consider entering at the current price zone of 0.00000384 and targeting higher levels. ◰◲ General info : ▣ Name: BakerySwap ▣ Rank: 456 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000384 ₿ ▣ 24HVol: 1.591 ₿ ▣ 24H Chng: 1.857% ▣ 7-Days Chng: 13.56% ▣ 1-Month Chng: -24.15% ▣ 3-Months Chng: -39.20% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000392 | 0.00000405 | 0.00000441 ◢ Support: 0.00000356 | 0.00000333 | 0.00000297 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.27 ▣ Last 90D: -1.62 ▣ Last 1-Y: -0.48 ▣ Last 3-Y: 1.27 ◲◰ Volatility : ▣ Last 30D: 1.00 ▣ Last 90D: 0.80 ▣ Last 1-Y: 0.92 ▣ Last 3-Y: 2.36 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth BAKEBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
$BAKE/#BTC [#BakerySwap]: Falling_Wedge◳◱ We've detected a Falling Wedge pattern on the $BAKE / $BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00001043 | 0.00001242 | 0.00001555 and the major support zones are respectively at 0.0000073 | 0.00000616 | 0.00000303, We may consider buying at the current price zone at 0.000008 and targetting higher levels. ◰◲ General info : ▣ Name: BakerySwap ▣ Rank: None ▣ Exhanges: Binance ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000008 ₿ ▣ 24HVol: 4.393 ₿ ▣ 24H Chng: 1.01% ▣ 7-Days Chng: -12.58% ▣ 1-Month Chng: -19.45% ▣ 3-Months Chng: -2.76% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001043 | 0.00001242 | 0.00001555 ◢ Support: 0.0000073 | 0.00000616 | 0.00000303 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.39 ▣ Last 90D: 0.21 ▣ Last 1-Y: -0.12 ▣ Last 3-Y: 1.41 ◲◰ Volatility : ▣ Last 30D: 0.99 ▣ Last 90D: 0.93 ▣ Last 1-Y: 1.48 ▣ Last 3-Y: 2.49 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth BAKEBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BAKE (BSC) - targets 2022Bake is looking better now Let s see what moves it decides to take Easy to tell the EMA favors the bulls now- very close to a possible trend reversal We shall see... time will tell as always if you need any targets with any coins let me know i am here for you 24-7 for free and friendly answers ! about this coin : BAKE token is the native BEP-20 governance token of the platform. Users can earn BAKE tokens by providing liquidity on BakerySwap. BAKE holders can use their tokens for governance voting as well as for receiving transaction fee dividends. more ideas on trading and discipline Trading and hodl-ing is a game of probability We must be aware of the whales games and the weak hands This swing trades are the most efficient ways to multiply your money As the term , active investors, you are willing to profit from the market moves, to compound your profits and make your dream come true ,with +100x possible gains in the upcoming bull market- altcoin season there is a book i recommend : The 5 Secrets To Highly Profitable Swing Trading Paperback There are two major ways to consistently make money in the market: 1) Hunt for several huge winners in a year. Build large positions in them and ride them for monstrous gains. 2) Hunt for hundreds of 5% to 30% short-term winners, where the goal is to compound capital quickly by actively moving in and out of them. There is not right or wrong approach here. Both have place in the arsenal of each active market participant. Everything comes at a price. If you want to catch a 200% to 300% long-term winner, you have to be willing to sit through multiple consolidations and several bigger than 30% pullbacks. Not everyone has the stomach to ride big stock market gainers, but maybe you don’t have to. If you sell all your winners, when they are up 20%, you will never catch a double or a triple. Fact. What is also true is that in any given year, there are a lot more 20% moves than 100% moves. If you learn how to catch hundreds of quick 5% to 20% moves, your capital could appreciate very quickly while you keep you keep the drawdown in your account to a minimum. Swing trading is among the fastest way to grow capital if you learn how to properly apply its principles. Swing trading is all about velocity and opportunity cost of capital. The goal is to stay in stocks that are moving quickly in our favor and avoid “dead money” periods. Stocks move in 5% to 30% momentum bursts that last between 2 and 10 days, before they mean-revert or go into sideways consolidation. The goal of every swing trader is to capture a portion of a short-term momentum burst, while avoiding consolidation periods. Then to repeat the same process hundreds of times in the year by risking between 0.5% and 1% of capital per idea. The beauty of swing trading is that it provides many signals. You don’t need to risk a lot per signal. You won’t second-guess yourself whether to take a signal or not. One trade is not going to make your year or your month, but it also won’t ruin it. It relies on the magic of compounding. The idea is to grow capital quickly by being leveraged to the hill during favorable periods and being mostly in cash during unfavorable periods. I know that if you apply the principles I describe in this book, you will become more knowledgeable, more profitable and happier market participant.
by blackriver85
BAKE/BTC - Forgetting to set a stop loss can be a painful lessonOnly posting this to try and help a trader that forgot to set a SL. Often if there's enough of a history you can wait for a recovery, but there is very little history here. Unfortunately this asset has been in a downtrend for months, and in a descending channel. Although some support was found around July 31st that has since turned into resistance, that's not what we want to see unless you wanted to short it. We're also below the 50 day MA and there isn't enough data to get a 200 day. Yesterday there was an opportunity to "get out of Dodge" when BAKE/BTC shot up to .00004266 testing what almost became past support which also happens to be the 50 day MA. It failed and has continued in it's channel downwards and remains as future resistance. Because there is some divergence on both the MacD and RSI it's possible this asset is trying to find a bottom. Sometimes is better to take the loss and chalk it up as a bad experience and other times it's worth waiting. Or sometimes you can exit exit 50% of your position and pray the other 50% recovers but be aware it could decline further before a bottom is found. With such little action other than down it's hard to hold on to any hope with this asset. Good luck my friend...
by DC92T
$BAKE/BTC 12h (Binance Spot) Falling wedge on supportBakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge. Current Price= 0.0000524 Buy Entry= 00.0000505 - 0.0000475 Take Profit= 0.0000610 | 0.0000691 | 0.0000832 Stop Loss= 0.0000394 Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56 Expected Profit= +24.49% | +41.02% | +69.80% Possible Loss= -19.59% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 1 month
Long
by TradingOn