Over the past few days, the market situation calmed down a bit, and stocks reacted positively to the rescue of Credit Suisse and regional banks in the United States. We previously noted that a relief in Bitcoin would be closely tied to the rebound in stocks, which continues to be the case. People remain bullish, arguing that the recent aggressive uptick in prices...
The correction ended for Bitcoin in a flash but this is true for the Altcoins as well.
✔️ As Bitcoin resumes growing, our beloved and amazing Altcoins also resume growing.
We looked at 60 pairs together and then dozens and dozens more in the last part of this series.
I am getting many questions asking about different pairs and their status, so let's do it...
The Role of ChatGPT in Algorithmic Trading
1. Introduction
In recent years, algorithmic trading has become an increasingly important aspect of the financial markets. Algorithmic trading involves using computer programs to execute trades based on predetermined rules and algorithms, with the goal of maximizing returns and minimizing risk. The use of algorithms...
Bitcoin is not only moving above EMA10 on the monthly timeframe, it is also moving above EMA50.
The last three months are green.
There are no periods of 3 consecutive months closing green within the entire bear market after Bitcoin peaked April 2021.
The orthodox end of the bull market happened April 2021 and the bounce that happened between May 2021 and...
Last week brought Silicon Valley Bank's (SVB) collapse, accompanied by a spike in VIX and a selloff in stocks and cryptocurrencies. As if it was not enough, unemployment in the United States rose by 0.2%, flashing a strong recession signal. Subsequently, Bitcoin dropped below $20 000 before rebounding back above $22 000 over the weekend (amid the FED’s handling of...
Hello traders, hope you didn't get caught up in this mess recently.
Let's review the bitcoin daily chart, so we zoom out to get a better
perspective on the price action. We are still stuck trading in
major range, range bound since July 2022. Right now trading
near range highs close to 25 000 USD, and it's not a great spot
to go long, because most likely you are...
The next Bitcoin resistance level is 28K and price is almost there. Can it continue like this? There are some very important factors to consider before you get lured by all the "guru" gimmicks out there. In this article I will explore what scenarios can stimulate this further and what can stop it.
First and foremost, if you haven't gotten into this long from...
Hello traders, today we will talk about Trading Psychology
The most famous book on trading psychology, “Tradingpsychologie” aptly remarks, ‘The greatest enemy of the trader is fear. He who is afraid loses!’.
As a trader, you must have gone through emotions such as fear, greed, regret, hope, overconfidence, doubt, nervousness etc.
While every trader goes...
With Bitcoin reversing sharply from the $19,000 area and reaching the highest value since June of 2022, one starts to think where this rally can bring us.
There is a case to be made that BTC is currently inside an Elliot Wave pattern, the third bullish leg to be precise. Keep in mind that it's still too early to say whether we're actually within an Elliot Wave...
BTCUSD - After plummeting to $19,700 last week, Flagship found support at its 200-day moving average , in the same area where the support level from 2017 passes . This area helped the flagship recover and overcome the previous resistance level of $25,200.
After a month of fluctuations, bitcoin is now in an uptrend, trading at $ 27,400 . The 200-day moving...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
When price reached $24220 level, it started trading inside in wedge and declined to $21455 level.
Also, Bitcoin left wedge and then a few times traded inside flat.
Then price bounced up, exited from flat, and reached $25260 level, thereby breaking $23470
After...
The economic situation is worse than it was, and no two are different in that, especially after the series of bank collapses that occurred
▫️ This means that traditional markets will fall at a high rate
Traders see Because of the loss of people's confidence in banks and with the collapse of traditional markets, people will turn to Bitcoin as a refuge, and this...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
After price started trading inside from falling channel, it declined to $21365 level, thereby breaking $22660 level.
But soon Bitcoin bounced back, rise to resistance area, and started trades inside from tringle.
Later, price declined below $22660 level again,...
Don't be fooled by narratives even when they align with current price action.
Just because "Bitcoin was designed for these cases" and price is moving accordingly doesn't meant one are connect to another in the context of short term price action. I explain my views on this in the video.
Bitcoin hit serious resistance level at 25k where there was significant short...
BTCUSD / 4H
hello traders, welcome back to another market breakdown.
Bitcoin started ralying after few banks failling, sending a breakout mode signal.
Checkout the chart for what I'm waiting for to add to my positions.
Trade safely,
Trader Leo.
Bitcoin (BTCUSD) gives us a very clear picture with regards to its long-term Cycles on the 1M (monthly) time-frame. As you see, once the 1M RSI hit the bottom (Lower Lows trend-line) of its 10 year Channel Down, BTC bottomed and the new Bull Cycle started.
This Bull Cycle should last for approximately 35 months (1065 days) as this was roughly the duration of the...
Hello,Traders!
BITCOIN is set to retest
The strong horizontal
Resistance level above
From where we are likely
To see some pullback
Towards the lower
Demand levels below
But after that we might
See some further growth
Analysis!
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