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EXPLAINED BASIC CONCEPTS OF TRADE📊📈 Unleash Your Trading Potential with These Proven Strategies! 🚀 Hello, Aspiring Traders! Are you ready to embark on the exciting path to trading success? Trading isn't just about making profits; it's a disciplined business, an art form, and a psychological challenge. The keys to success are deceptively simple but often overlooked. ✨ Trading is NOT Gambling! Bid farewell to unrealistic expectations and the notion that trading is akin to rolling the dice. To steer your journey in the right direction, follow these steps: 🚀 Set and Maintain Risk-Reward Ratios. Never risk more than 1% of your deposit on a single trade. Ensure control over your risk exposure by using variable lot sizes, regardless of market conditions. 🚀 Steer Clear of the "All-In" Approach. Resist the urge to place your entire account balance on a single trade in the hopes of recouping losses. Trading is about learning, not desperation. 🚀 Safeguard Your Capital with Stop Loss Orders. Utilize Stop Loss (SL) orders consistently. Avoid relying on manual closures, as emotions can lead to costly decisions. 🚀 Establish Daily and Weekly Loss Limits. Set sensible limits. If you encounter three consecutive losses in a day, take a break. If your losses exceed 10% of your account within a week, step back for the following week. This break is crucial for your growth as a trader. ✨ Maintain a Calm and Collected Demeanor Successful traders exhibit a unique blend of discipline akin to a robot and the intuitive faculties of a human. Remember, entering the market too early or too late is just as detrimental as being wrong. Maintain your composure: 🧘 Keep Emotions in Check. Euphoria and panic are your adversaries. Emotions belong in the casino, not in trading. 🧘 Steer Clear of FOMO (Fear of Missing Out). Don't trade out of fear or impatience. Premature entries driven by FOMO can lead to losses. 🧘 Forge Your Own Path. Resist the temptation of herd mentality. Successful traders are independent thinkers. 🧘 Cultivate a Diverse Watchlist. Focus on instruments with setups you understand work. Avoid inventing trades that don't align with your strategy. ✨ Consistency is the Key to Triumph Steady gains are far superior to volatile boom-bust performances. Here's your roadmap to consistency: 📊 Discover Your Trading Strategy. Thoroughly research and select a trading strategy that aligns with your personality and comprehension. 📊 Employ Paper Trading and Backtesting. Test your strategy in real-time and refine it through paper trading and the analysis of historical data. 📊 Monitor Your Trades. Maintain meticulous records to pinpoint your strengths, weaknesses, and recurring patterns in your trading. 📊 Codify Your Rules. Establish a precise algorithm for your trading strategy to minimize emotional decision-making. 🚀 In Conclusion: Embrace the Journey! Trading is a long-term endeavor, not a shortcut to wealth. Along the way, you'll face challenges, losses, and setbacks, but when you succeed, you'll unlock the path to financial freedom! 🙌 Show your support for these strategies with a LIKE and share your thoughts in the COMMENTS! Let's navigate the world of trading and reach success together! 🌟
Education
by CRYPTOMOJO_TA
16
The Path of HOLDERS" 🌟🚀Hello, fellow crypto enthusiasts! I'm CryptoMojo, the name you can trust when it comes to trading views. As the captain of one of the most vibrant and rapidly growing crypto communities, I invite you to join me for the latest updates and expert long and short calls across a wide range of exchanges. I've got your trading needs covered with setups for the short-, mid-, and long-term. Let's dive into the charts together! I've dedicated my time and effort to crafting this chart, but remember, what you see here is crypto insight, not financial advice. 🚀💰 #CryptoMojo #CryptoTrading HODLers, Prepare to Conquer! 🌟 While the Bitcoin rollercoaster may seem to have reached its lowest point, the thrilling journey through the crypto wilderness is far from over. Right now, we're venturing deep into the captivating Accumulation phase, a realm that demands not only Patience but also Courage as our guiding stars. 🌲💫 Now, let's turn our attention to the tantalizing world of #Altcoins, where on the majestic canvas of higher timeframe charts, they're poised for nothing short of a spectacular breakthrough. As we gaze ahead into Q4, all signs point to a bullish adventure for these altcoin gems. 🚀📈 In this bustling and often clamorous crypto realm, here's your compass: Accumulate your treasures with the shrewdness of a seasoned collector and hold them with the unyielding resolve of a true champion. Tune out the distractions, and cling unswervingly to your long-term vision. 🚀💎 In the grand tapestry of the crypto cosmos, rest assured, your steadfast Patience will soon be showered with the rewards you've envisioned. Keep the faith, for the best is yet to come!" 🌌💰 #CryptoHODL #LongTermGains This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:TOTALLong
by CRYPTOMOJO_TA
6
PHB: breakout this falling wedge pattern!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #PHB/USDT After a long time, PHB breaks this 208D-long Falling wedge pattern in the 1D time frame. But we still need a retest of this pattern to conform this pattern. IMO, it looks good to buy in a spot with a SL if any candle closes below the upper support of this pattern. If everything goes well, we can expect a good return in the upcoming bull run. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
4
STMX: IS GETTING READY FOR A BIG MOVE!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #STMX/USDT After a long time, STMX breaks this 989D-long descending channel in the 2D time frame. But we still need a retest of this pattern to conform this pattern. IMO, it looks good to buy in a spot with a SL if any candle closes below the upper support of this pattern. If everything goes well, we can expect a good return in the upcoming bull run. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
SMI MFI Indicator: A Game Changer 💰📊 SMI MFI Unwrapped: The SMI MFI (Smoothed Money Flow Index) is a technical indicator that blends the Money Flow Index (MFI) and the Stochastic Momentum Index (SMI). It provides a unique perspective on market sentiment and momentum. 🔄 Understanding Global Reversals: The SMI MFI indicator is particularly valuable for identifying major market turning points. It can signal when Bitcoin is transitioning from a bearish trend to a bullish one, or vice versa. 🌟 Key Features: What sets SMI MFI apart is its ability to smooth out noisy price data, making it more resilient to false signals. It offers a clearer picture of money flow and momentum. 🔍 How to Utilize It: Traders and investors can use the SMI MFI indicator as a tool to time their entries and exits strategically. When it shows significant divergence from Bitcoin's price movements, it may indicate a potential trend reversal. 🔮 Navigating Crypto Markets: Keep in mind that while the SMI MFI indicator can be a valuable addition to your trading toolbox, it's essential to conduct comprehensive research and risk management before making any trading decisions. In conclusion, the introduction of the SMI MFI indicator adds a new dimension to the world of crypto trading. It has the potential to become a valuable tool for spotting global market reversals in the dynamic Bitcoin landscape. Stay tuned, stay analytical, and remember – in the crypto world, being ahead of the curve can be a game-changer! 🌐💰
INDEX:BTCUSD
by AlexWhale
Analyzing Bitcoin's Popularity: The Potential for Corrections 📊🚀 Bitcoin's Soaring Interest: We've witnessed Bitcoin's meteoric rise to fame, drawing attention from investors, institutions, and the general public. Its surging popularity has been nothing short of remarkable. 📈 The Price-Interest Conundrum: Here's the intriguing part – when Bitcoin's popularity skyrockets and the mainstream media begins touting its merits, it often coincides with a phase of rapid price escalation. 📉 The Correction Potential: What history has shown is that these periods of intense interest and price surges can also be followed by corrections – temporary pullbacks in price. This is a natural part of Bitcoin's volatile journey. 💡 Insights for Investors: Understanding this relationship between popularity and corrections can be valuable. It's a reminder that even in the world of crypto, markets don't move in a straight line. Corrections offer opportunities for patient investors. 🔮 Predicting Corrections: While it's challenging to precisely predict when a correction will occur, heightened interest can be a signal to stay vigilant. It's a reminder to approach the market with a balanced strategy, combining optimism with caution. In conclusion, the surging interest in Bitcoin is a testament to its growing significance in the financial world. However, it's essential to recognize that popularity doesn't guarantee a one-way ticket to perpetual gains. Corrections are a healthy part of Bitcoin's price discovery process.
by AlexWhale
Wow BTC really dump, pump, dumpthat is a rising wedge on a daily TF we see instance of price surging thereby creating a liquidity void which of course will be filled at some point; only a matter of when. Also there is a Balance Price range ay 21400 - 22k, so note that price might revisit there. I see BTC filling up the currently liquidity created and then launching all the way to 38k before we have the dump during halving then we can have a real bullrun to wherever the next target will be after 65k. I will update you as it goes; But take note of this.
BINANCE:BTCUSDLong
by DN_Trades
CANDLESTICK PATTERNS CHART SHEETCandlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable. Once you recognize these patterns, you may be ready for your next move and use other tools to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
14
SIMPLEST VIEW OF BTC #BTC UPDATE On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline. A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside. However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline. Significant volatility is anticipated next week because of the US CPI and FOMC schedules. For more quality Charts analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
7
EMOTIONAL STATES OF A TRADERHello traders, today we will talk about EMOTIONAL STATES OF A TRADER #1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock. #2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story in the stock trading world. #3 Thrill – The market is continually going in the direction favorable to you. At this point, you are starting to feel that you are too smart. This is the stage where we are fully confident with the trading system that we have. #4 Euphoria – This is the point where both the maximum financial risk and maximum financial gain are marked. As the investments you made start to turn to easy and quick profits, we simply ignore the risk’s basic concept. At this stage, we start trading at every opportunity we see with the aim of making bucks. #5 Anxiety – The market starts to turn around. The market is starting to get back your hard-earned gains. However, this is new to us, we still believe with the trend we have seen before and still trade. #6 Denial – We still think that the market simply does not turn as quickly as we hoped. There must be something wrong is what we keep on believing. #7 Fear – Reality finally sets in and you now realize that you are not that smart after all. From being confident, you are now confused. We know that we should start getting out with a small profit but we just cannot bring ourselves to move on. #8 Desperation – At this point, all of your gains are lost. Without knowing what to do, we attempt to do things that will leverage our position again. #9 Panic – This is the most emotional stage as this is where we are hopeless and clueless. We feel like we lost control and now are left at the mercy of the market. #10 Capitulation – This is where we reach our braking point and start selling our position for whatever price so as we can get out and lose no more. #11 Despondency – After our exit, we now view the market as something not for us and we develop a phobia of buying stocks. #12 Depression – We drink, pray or cry. We think we are so dumb and we start to analyzing where we went wrong. This is where true traders are born. #13 Hope – We realize that the market has a cycle, which then renews our hope and we believe that we can still do it. #14 Relief – The market turns positive once again. We are seeing the coming back of our prior investment and we now have our faith in it back. The cycle will then start all over again and it is up to you how to play it this time. This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
4
BIASES THAT EXPLAIN WHY TRADERS LOSE MONEYHello traders, today we will talk about WHY TRADERS LOSE MONEY BIAS WHAT IT MEANS… HOW IT INFLUENCES TRADERS Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions. After a loss, traders often get scared or try to get back to break even. Both mental states lead to bad trading quickly. After a win, many traders get over-confident and trade loosely. You must be aware of how you react to recent results and trade with a high level of awareness. Dilution effect Irrelevant data weakens other more relevant data. Using too many tools and trading concepts to analyze price could weaken the importance of the core decision drivers. I wrote about redundant signals and how to combine the right tools here: click here Gambler’s fallacy People believe that probabilities have to even each other out in the short term. Traders misinterpret randomness and believe that after three losing trades, a winning trade is more likely. The probabilities don’t change based on past results. Even after 10 losses in a row, the next trade does not have a higher chance of being a winner. Anchoring Overestimating the importance of the first available piece of information. Upon entering a trade, people set their whole chart and analysis in reference to their entry price and don’t see the whole picture objectively anymore. You must always have a plan BEFORE you enter a trade. Insensitivity to sample size Underestimating the variance for large and small sample sizes. Traders too often make assumptions about the accuracy of their system based on just a few trades, or even change parameters after only a few losers. A decent sample size is 30 – 50 trades. Do not alter anything about your approach before you have reached this number. And make sure that you follow the same rules to get an accurate picture of your trading within the sample size. Contagion heuristic Avoiding contact with objects people see as “contaminated” by previous contact. Traders avoid markets/instruments after having a large loss in that instrument, even when the loss was the fault of the trader. Hindsight We see things that have already occurred as more probable than they were before they took place. Looking back on your trades and fishing for explanations why the trade has failed, even though those signals weren’t obvious at the time. Do not change your indicator or setting after a loss to come up with explanations or excuses. Accept that losses are normal and always follow your plan. Hot-hand fallacy After a successful outcome on a random event, another success is more likely. Traders believe that once they are in a winning streak, things become easier and they can “feel” what the market is going to do next. I wrote about the hot-dand-fallacy in trading before: click here Peak–end rule People judge an event based on how they felt at the peak of the event. Traders look at a losing trade and only see how much they were in profit at the maximum, but don’t look at what went wrong afterwards. Do not change your reference point when in a trade and have a plan for your trade management and when to exit before entering a trade. Simulation heuristic People feel more regret if they miss an event only by a little. Price that missed your target only by a little bit, or a trade where you got stopped out just by a few points can be more painful than other trades. The outcome is out of your control and you cannot influence the price movements. The only thing you can do is manage your trade within your rules. Social proof If unsure what to do, people look for what other people did. Traders too often ask for advice from other traders when they are not sure what to do – even when other traders have a completely different trading strategy. You must take responsibility for your actions and results. And not rely on someone else. Framing People make decisions based on how it is presented; a gain is more valuable than a loss and a sure gain is more valuable than a probabilistic greater gain. Traders close profitable trades too early because they value current profits more than a potentially larger profit in the future. Cutting winners too soon is a huge problem. If this is an issue for you, reducing screen time can be helpful. Do not watch your trades tick by tick. Sunk cost We will invest in something just because we have already invested in it. before Adding to losing trades because you are already invested, even though no objective reason to add exists. You must define your stop loss in advance and then execute it without hesitation when it has been reached. Confirmation Only looking for information that confirms your beliefs, ideas and actions. Blanking out reasons and signals that don’t support your trade and just looking for confirmation. Especially when traders are in a loss, they only look for supportive information. Stay objective! Overconfidence People have a higher confidence than what their level of skill actually suggests. Traders misjudge their level of expertise and skill. Consistently losing traders don’t see that it’s their fault. Analyze your results objectively and get a trading journal to add even more accountability. Selective perception Forgetting those things that caused discomfort. Traders forget easily that their own mistakes and wrong trading decisions caused the majority of their losses. Do not blame the marjets, unfair circumnstances, your broker or any other outside event. You are the one who is responsible for making it work. It’s totally up to you and blaming others won’t help you make progress. Which bias is the one that is causing you the greatest troubles? What are you workin on right now? Let me know in the comments below and I will answer with tips and ideas on how to overcome your struggles. This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
NASDAQ:AAPLEducation
by CRYPTOMOJO_TA
4
#BNB IS READY TO BOUNCE, DON'T MISS THIS OPPORTUNITY😱Binance Coin (BNB) Technical Analysis: BNB is trading at 278$ which is a strong level of support, we are expecting a good bounce up to the upper level of this symmetrical triangle and if it breakout this pattern then we can see some good bounce according to the pattern. we have 353$ and upper resistance of this rising channel 510$ or all-time high It can offer long-term investors an excellent entry point. Conclusion: Overall, technical analysis indicates that Binance Coin (BNB) could expand by 50% or more in the near future, indicating that there is tremendous potential for development in the asset. But like with any investment, you must conduct your own research and base your choices on your personal risk appetite and financial objectives. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
2
TRADING IS HARDER THAN YOU THINK: THE COMPLEXITY OF TRADINGHello traders, today we will talk about THE COMPLEXITY OF TRADING THE FIRST DECISIONS ABOUT YOUR TRADING STRATEGY People who are unfamiliar with the financial sector may find it daunting to have to respond to several questions before they can even make their first trade. However, because each element and idea is interconnected with the others, leaving out even one will cause your otherwise flawlessly constructed trading strategy to fall apart. Each and every one of the financial markets is significantly dissimilar from the others and requires a completely unique skill set and perspective. Do you prefer trading less leveraged equities that require a larger account to the 24/5 forex market where leverage allows traders to potentially make large gains with as little as a few hundred dollars? Are you more interested in trading on the simple spot market or the more complicated. If you have to balance trading with your everyday life, time and time horizon are the main determining elements, and this directly relates to questions regarding your trading approach. The question of whether you want to be a day trader or a swing trader who holds positions for a longer period of time is related to the timeframes you want to trade and affects how long you keep positions. If you don't currently trade full-time, you will also need to figure out how to fit trading into your daily life. Additionally, you must choose your trading instruments, such as price action patterns and/or indicators. Which one you like is a matter of personal preference, but the fact that there are thousands of self-described trading experts TRADING DECISIONS BEFORE YOU TAKE A TRADE You are prepared to proceed to the next level once you have provided answers to the questions above. Once your trading strategy has been determined, you should be extremely clear about the entrance criteria, the significance and order of each entry condition, and whether or not the various entry criteria have an impact on your win rate. Then, be completely honest with yourself and determine if you actually possess an advantage. Have you backtested your trading method without lying to yourself or cheating? If it's even conceivable, did you demo trade and handle demo trading as you would real money trading? Are you able to gauge whether markets have altered and are you ready to respond to them? Additionally, you will need to have an organised and well-considered risk management strategy. Your trading performance is significantly impacted by the size of your account alone. If your account is too huge, fear and greed will dictate your trading choices, as opposed to your trading being very sloppy if your account is too small. What is your position sizing strategy, secondly? Do you utilise a fixed % amount for each trade, or do position sizes change depending on the strength of setups? Last but not least, how much exposure are you ready to take on for all open trades, and do you take correlations into account when making new trades? TRADING DECISIONS WHEN YOU ARE IN A TRADE You are prepared to make a deal once you have answers to all the previously asked questions. However, once you enter a trade, you are forced to handle a completely different set of issues while feeling the strain of actual market exposure. As a result, it's crucial that you have all the answers before making any transactions so that you can carry out your trading strategy without having to think too much.carry out your trading strategy without having to give it any thought. Scaling in and scaling out, increased risk, and having to deal with comparable trading decisions if you have open positions in linked instruments are some of the ideas connected to risk management that come up in the questions. Do you also monitor how your risk-to-reward ratio changes throughout the course of a trade? Your risk management strategy will also influence how you respond to challenges like news events, unforeseen political and geopolitical developments, and making trades over the weekend. The principles of risk are very intimately related to issues of trade management. Stop loss and take profit management are the two most crucial aspects of trade management. When a trade goes in your favour, do you actively move your stop loss order? If the answer is yes, develop a complex and tried-and-true stop loss technique rather than hopping around stops. For your take profit orders, the same is true. The reason why most traders take profits too soon is because they confuse a small pullback with a trend change. In order to improve, write down your stop loss and take profit management rules, test them, and evaluate their results. Furthermore, non-chart events are just as significant as your active trading choices on your price charts. The difference between a competent, lucrative trader and a continually losing amateur trader is a sound trading strategy, where you map out potential trading scenarios beforehand and prepare your trades before they take place. His trading journal is the trader's second-most crucial instrument. A trader keeps a record of all of his previous trades in a trading notebook in an effort to identify weak points and improve his edge. Because it takes a lot of discipline and effort, yet will mean the difference between continually losing and making profits, it is surprising how few traders have neither of the two. CONCLUSION: BEING A TRADER MEANS MAKING DECISIONS Despite the fact that trading initially appears to be relatively straightforward, being a successful trader demands a very professional mindset and approach. A trader has to come up with sophisticated and tried methods to manage his deals before, during, and after they occurred. He must deal with a number of extremely difficult issues on a regular basis. This article's objective is not to scare you away, but to inform you of the complexity of trading and provide you with a rule to follow in order to maximise the effectiveness of your trading strategy. Be disciplined Be flexible Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
3
#BTC will break this resistance or we will see a pullback?#BTC UPDATE On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge. A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support. Let's understand deeply Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023 Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network. The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings. Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability. In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
8
Bitcoin can make corrections and then bounce up!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATED As we can see on this chart In the long term BTC is forming these two patterns head and shoulder pattern and ascending triangle pattern, both important support is around 26500 which is also the neckline of an inverse head and shoulder pattern. According to both patterns, there is a chance that BTC may retest the 25,500K level if it’s able to hold this 100ma support. Currently its holding above 100ma at the moment. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
12
#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday. The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier. The currency will start to strengthen if the bulls manage to keep the price in the new channel. The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index. Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel. Strong support: 1880, 1846, 1775. Strong resistance: 1920, 1941, 2021. I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4
#BTC is getting ready for the Big move!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE BTC is forming this bullish pennant pattern what is bullish pennant pattern A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines. *BTC Need to Clear the 29,500 Resistance to Confirm the bullish pennant pattern Breakout * RSI is also sowing some bullish divergences move *If it conform this pattern then according to the pattern we will see good bounce Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
19