Worth_The_Ri5k

Worth_The_Ri5k

Just wanted to give a overview of the history of Bitcoin with this chart & some of the defining moments in its history. It is important to note that most market cycle tops or large sell offs on Bitcoin are associated with "Bad News" , and usually before Bitcoin starts moving upwards with a strong trajectory it is preceded by a Halvening (When the amount of...

Worth_The_Ri5k Updated 

Hello traders! Just wanted to give a quick update on Bitcoin, it is currently showing some potential signs of bullish contination here. I am seeing these potential signs of more upside and will go into each concept a little further below. Bullish Signs Explained: 1. The price continues to print Higher Lows (HL's) which is characteristic of a strong upwards...

Worth_The_Ri5k

In this simple idea i wanted to go over my longer term Support & Resistance levels as well as explain some of the concepts behind identification and use of these levels. I am using the monthly chart to keep it simple, as well as to use a a reference point in the future to look back at how Bitcoin has responded to these levels previously as a learning experience....

Worth_The_Ri5k Updated 

The BARR Bottom is one of the most reliable Chart Patterns out there and signifies a fast moving reversal after a strong sell off. The price has a small lead in phase referred to as the "bump" then a strong sell off, which leads into a almost hook shaped or J shaped reversal upwards, the price should create a downwards sloping angle of 30-50 degrees, this pattern...

Worth_The_Ri5k Updated 

Hello traders! We hope you have been enjoying the end of year time, personally I cant wait for 2020 to be over, but considering Bitcoin has been absolutely dominating this year, I am feeling content that it is ending in the best way possible. So let me give you some hope here for a great start to the new year with this potential fractal I have spotted on...

Worth_The_Ri5k Updated 

First of all - let me clearly state that this is solely a EDUCATIONAL IDEA & not a short recommendation - Shorting parabolic bull markets is not recommended especially for beginners and this idea is solely to give you a understanding of what A POTENTIAL blow off top can look like. If you want to show your appreciation for the insight - then i would greatly...

Worth_The_Ri5k Updated 

Hello traders! If you find the information below insightful show your appreciation by liking & commenting, thankyou! We are almost at the end of 2020, and what a crazy year it has been, especially for the Cryptocurrency markets with Bitcoin soaring past 27,000$ USD! But what about Ethereum (ETH)? Earlier in the year we saw this cryptocurrency actually lead the...

Worth_The_Ri5k Updated 

Clear Bull Flag Pattern on Bitcoin, the Bull Flag hits its target around 70-80% of the time and is one of the most reliable patterns to trade in parabolic bull markets. Often the best entry point on a Bull Flag pattern is when the price "fakes out" underneath the flag support before the real breakout occurs. 22300-22500 we need to hold as support for it to...

Worth_The_Ri5k Updated 

The Broadening Top pattern appears when price makes a straight upwards run (similar to the "Flagpole" of a Bull Flag Pattern, then swings between two expanding broadening trendlines with at least 5 touches. It is a neutral pattern which means it can break out in either direction, on the bottom right examples i have explained how the pattern is identified,...

Worth_The_Ri5k Updated 

The Inverse Head & Shoulders Patterns is one of the most well known chart patterns and has a higher success rate then most (success rate, is that rate at which the pattern hits its target; the "measured move"). The pattern can be seen as a potential sign that a momentum reversal is coming into play with the last part of the pattern: the right "Shoulder" showing...

Worth_The_Ri5k Updated 

Bitcoin is fast approaching the $20,000 region, so what tools can we possibly use to find the important areas once it breaks out? There is not much price data at this point, so we can use the Fibonacci extension tool to give us potential areas the price can reach. In this idea I am going to go over 3 potential tools we can use here on Bitcoin to gauge areas of...

Worth_The_Ri5k Updated 

Just wanted to give a quick update on XRP/ BTC - the airdrop approaches on the 12/12/20 and every holder of XRP will recieve 1 SPARK token for every 1 XRP token they hold. It sounds great on paper - but many new investors see this as a easy way to make "free money", the risk being after the airdrop occurs the main token can plunge leaving the investor with a...

Worth_The_Ri5k

Hello traders! In this educational idea im going to be going over the 5 different main types of Order Zones on Crypto Charts & how i identify and draw these zones, aswell as what they are used for. Orderzones are a way of marking on the chart historically significant areas where price had strong reactions to. The price tends to come back to these areas and...

Worth_The_Ri5k

Single Candle Supply & Demand Zones are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing...

Worth_The_Ri5k

Supply & Demand Clusters are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the...

Worth_The_Ri5k

Orderblocks are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sellers increasing from the latter. This makes them a great tool...

Worth_The_Ri5k

On this chart we are looking at TOTAL2 & BTC.D. BTC.D ( Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs. TOTAL2 (Cryptocurrency Market...

Worth_The_Ri5k Updated 

Bull Pennants are a little different to Bull Flags but are almost identical in apperance and are traded basically the same. The most important factor in identifying any flag or pennant pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price...