Forwarded from TradingView
10 things to remember for trading choppy markets ποΈποΈ
1. Don't rush.
2. Wait, and wait again, for the pattern to develop.
3. Be patient and use alerts to get notified when the time is right.
4. Measure trading ranges and adjust your plan for sideways action.
5. Look for bases and consolidations.
6. Zoom out and look for historical levels of support and resistance within those bases or consolidations.
7. Markets can go sideways longer than traders can stay solvent.
8. Adjust your stop loss and take profit targets for the choppy price action.
9. Be prepared for false breakouts and false breakdowns.
10. Choppy markets do not trade like trending markets.
1. Don't rush.
2. Wait, and wait again, for the pattern to develop.
3. Be patient and use alerts to get notified when the time is right.
4. Measure trading ranges and adjust your plan for sideways action.
5. Look for bases and consolidations.
6. Zoom out and look for historical levels of support and resistance within those bases or consolidations.
7. Markets can go sideways longer than traders can stay solvent.
8. Adjust your stop loss and take profit targets for the choppy price action.
9. Be prepared for false breakouts and false breakdowns.
10. Choppy markets do not trade like trending markets.
Forwarded from Watcher Guru
Wild Bitcoinβ’π΅πΈ
#BTCUSDT Risky Setup Trading Buy : 52965 - 55908 - 58850 Take - Profit Targets: Target 1: 61793 Potential Profit: 10.53% Target 2: 64735 Potential Profit: 15.79% Target 3: 70620 Potential Profit: 26.32% Target 4: 84744 Potential Profit:β¦
This setup was shared on March 5th, and the price surged from $59K to $72K without triggering our initial limit. Now, we're applying the same trading setup for the current pullback. Ensure to adhere to risk management principles.
we ask Allah reconcile and repay.
we ask Allah reconcile and repay.
Wild Bitcoinβ’π΅πΈ
This setup was shared on March 5th, and the price surged from $59K to $72K without triggering our initial limit. Now, we're applying the same trading setup for the current pullback. Ensure to adhere to risk management principles. we ask Allah reconcile andβ¦
During the initial dump, we set a trading signal for BTC around $58K, and the price rebounded from $59K to hit most of our targets. We'll stick with the same trading plan and levels, which you can review here This setup may change if BTC closes below $59K on a monthly basis.
This situation is not about stubbornness; rather, it represents the optimal range and the strongest current support for Bitcoin. Touching this level could mark the start of an upward movement, while breaking below it and sliding lower could pose challenges for the market.
we ask Allah reconcile and repay.
This situation is not about stubbornness; rather, it represents the optimal range and the strongest current support for Bitcoin. Touching this level could mark the start of an upward movement, while breaking below it and sliding lower could pose challenges for the market.
we ask Allah reconcile and repay.
Forwarded from Market Insights β’ π
When it comes to trading, think of patience like waiting for the perfect wave when surfing. You don't jump on just any wave that comes along, right? Similarly, in trading, patience means waiting for the right opportunity to strike. It's about staying calm and not rushing into trades just because the market seems active.
Don't Chase Every Movement: Just because the market is moving doesn't mean you have to trade every minute. Be patient and wait for setups that truly align with your strategy and risk tolerance.
Think Long-Term: Trading isn't about quick wins; it's about sustainable success. Patience helps you focus on long-term goals and avoid being swayed by short-term market fluctuations.
Avoid Emotional Decisions: Patience keeps emotions like fear and greed in check. When you're patient, you make decisions based on analysis and strategy, not on impulses.
Knowing When to Stop Trading:
Sometimes the best move in trading is knowing when to step back and take a break. It's like hitting pause on a video game when things get intense.
Recognize Market Conditions: If the market seems choppy or unclear, it's okay to step aside temporarily. Knowing when to stop trading can prevent you from making hasty decisions in unpredictable conditions.
Manage Burnout: Trading can be intense. If you start feeling exhausted or stressed, it's a sign to take a breather. Your mental well-being is important for making clear-headed decisions.
Protect Your Capital: If you've hit your daily or weekly trading goals, consider stopping. Overtrading can lead to unnecessary risks and potential losses. It's better to preserve your gains than to push for more when the market isn't favorable.
Review and Reflect: Use breaks from trading to review your performance. Reflect on what's working and what's not. This downtime can lead to valuable insights and improvements in your trading strategy.
Remember, trading is a marathon, not a sprint. Being patient and knowing when to take breaks are key ingredients for long-term success in the markets. Trust your instincts, but also trust in the power of patience and self-care.
#riskmanagement #tradingtips #bots #welcome #learn
Below these hashtags, you will find many important stuff, which will help you to understand how our service work and get benefits from it.
πwe ask Allah reconcile and repayπ
Don't Chase Every Movement: Just because the market is moving doesn't mean you have to trade every minute. Be patient and wait for setups that truly align with your strategy and risk tolerance.
Think Long-Term: Trading isn't about quick wins; it's about sustainable success. Patience helps you focus on long-term goals and avoid being swayed by short-term market fluctuations.
Avoid Emotional Decisions: Patience keeps emotions like fear and greed in check. When you're patient, you make decisions based on analysis and strategy, not on impulses.
Knowing When to Stop Trading:
Sometimes the best move in trading is knowing when to step back and take a break. It's like hitting pause on a video game when things get intense.
Recognize Market Conditions: If the market seems choppy or unclear, it's okay to step aside temporarily. Knowing when to stop trading can prevent you from making hasty decisions in unpredictable conditions.
Manage Burnout: Trading can be intense. If you start feeling exhausted or stressed, it's a sign to take a breather. Your mental well-being is important for making clear-headed decisions.
Protect Your Capital: If you've hit your daily or weekly trading goals, consider stopping. Overtrading can lead to unnecessary risks and potential losses. It's better to preserve your gains than to push for more when the market isn't favorable.
Review and Reflect: Use breaks from trading to review your performance. Reflect on what's working and what's not. This downtime can lead to valuable insights and improvements in your trading strategy.
Remember, trading is a marathon, not a sprint. Being patient and knowing when to take breaks are key ingredients for long-term success in the markets. Trust your instincts, but also trust in the power of patience and self-care.
#riskmanagement #tradingtips #bots #welcome #learn
Below these hashtags, you will find many important stuff, which will help you to understand how our service work and get benefits from it.
πwe ask Allah reconcile and repayπ
Wild Bitcoinβ’π΅πΈ
During the initial dump, we set a trading signal for BTC around $58K, and the price rebounded from $59K to hit most of our targets. We'll stick with the same trading plan and levels, which you can review here This setup may change if BTC closes below $59Kβ¦
BTC Status Update! Halving Event
Over the last 48 days since breaking out above $59K, BTC has been fluctuating between $73,800 and $59K (0.618) . Despite multiple rejections, the bulls have managed to keep BTC above the $59K level, which is very close to our entry range!
Now the question is, will BTC rebound again and break out during the halving event? Based on historical patterns from previous halving events, there tends to be a bull run following the event. This could involve a price decrease followed by a rapid increase, or possibly a period of sideways movement preceding a direct bull run. This pattern typically unfolds over a few weeks or months after the halving event.
During this time, we'll be aiming to achieve the buy limits we've set. If the price continues to hold above $60K, we may adjust our buy prices accordingly and enter the market. The critical aspect of these limits is that they represent a crucial support zone for the bulls. so we keep it for now.
https://www.tradingview.com/x/HKIqq9EA/
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
Over the last 48 days since breaking out above $59K, BTC has been fluctuating between $73,800 and $59K (0.618) . Despite multiple rejections, the bulls have managed to keep BTC above the $59K level, which is very close to our entry range!
Now the question is, will BTC rebound again and break out during the halving event? Based on historical patterns from previous halving events, there tends to be a bull run following the event. This could involve a price decrease followed by a rapid increase, or possibly a period of sideways movement preceding a direct bull run. This pattern typically unfolds over a few weeks or months after the halving event.
During this time, we'll be aiming to achieve the buy limits we've set. If the price continues to hold above $60K, we may adjust our buy prices accordingly and enter the market. The critical aspect of these limits is that they represent a crucial support zone for the bulls. so we keep it for now.
https://www.tradingview.com/x/HKIqq9EA/
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
TradingView
BINANCE:BTCUSDT.P Chart Image by HamadaMark
Wild Bitcoinβ’π΅πΈ
BTC Status Update! Halving Event Over the last 48 days since breaking out above $59K, BTC has been fluctuating between $73,800 and $59K (0.618) . Despite multiple rejections, the bulls have managed to keep BTC above the $59K level, which is very close toβ¦
BTC is now one step away from the buy range we identified since March 5th. Keep a close eye on its performance and ensure you adhere to your risk management plan.
We ask Allah reconcile and repay
We ask Allah reconcile and repay
Wild Bitcoinβ’π΅πΈ
BTC Status Update! Halving Event Over the last 48 days since breaking out above $59K, BTC has been fluctuating between $73,800 and $59K (0.618) . Despite multiple rejections, the bulls have managed to keep BTC above the $59K level, which is very close toβ¦
#BTC has experienced uncertain movement over the past few hours, dropping from $64K to $59,600 influenced by political news and tensions in the Middle East, before rebounding back to $65K. We are now just a few hours away from the halving event, and the market is experiencing volatility. Despite this, BTC has managed to hold above $59K without a daily close below that level.
As we discussed in the last update, historical patterns from previous halving events suggest that there is often a bull run following the event. This could involve a temporary price decrease followed by a rapid increase or a period of sideways movement before a direct bull run. These patterns typically play out over several weeks or months after the halving event.
During this period, we'll be looking to achieve the buy limits we've set. If BTC continues to hold above $60K, we may adjust our buy prices accordingly and enter the market. The importance of these limits lies in the fact that they represent critical support zones for the bulls, so we are maintaining them for now.
We will adjust our limit prices based on post-halving performance rather than pre-halving expectations. Until then, if BTC shows signs of dropping below $58K, exercise caution and consider securing profits if you took any positions last night.
https://www.tradingview.com/x/q0qdRCmf/
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
As we discussed in the last update, historical patterns from previous halving events suggest that there is often a bull run following the event. This could involve a temporary price decrease followed by a rapid increase or a period of sideways movement before a direct bull run. These patterns typically play out over several weeks or months after the halving event.
During this period, we'll be looking to achieve the buy limits we've set. If BTC continues to hold above $60K, we may adjust our buy prices accordingly and enter the market. The importance of these limits lies in the fact that they represent critical support zones for the bulls, so we are maintaining them for now.
We will adjust our limit prices based on post-halving performance rather than pre-halving expectations. Until then, if BTC shows signs of dropping below $58K, exercise caution and consider securing profits if you took any positions last night.
https://www.tradingview.com/x/q0qdRCmf/
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
TradingView
BINANCE:BTCUSDT.P Chart Image by HamadaMark
Wild Bitcoinβ’π΅πΈ
#BTC has experienced uncertain movement over the past few hours, dropping from $64K to $59,600 influenced by political news and tensions in the Middle East, before rebounding back to $65K. We are now just a few hours away from the halving event, and the marketβ¦
#BTC has retraced from the $66-67K range back down to $61K again. We're now one step closer to entering our buy zone. The weekly and monthly charts are indicating weakness as well. Let's see if our orders get filled this time around.
π π― https://www.tradingview.com/x/7O7leSv5/
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repayπ
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TradingView
BINANCE:BTCUSDT.P Chart Image by HamadaMark
Wild Bitcoinβ’π΅πΈ
#BTC has retraced from the $66-67K range back down to $61K again. We're now one step closer to entering our buy zone. The weekly and monthly charts are indicating weakness as well. Let's see if our orders get filled this time around. π π― https://www.tradiβ¦
https://www.tradingview.com/x/5fhTmMjR/
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repay
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TradingView
BITSTAMP:BTCUSD Chart Image by HamadaMark
Wild Bitcoinβ’π΅πΈ
#BTCUSDT Risky Setup Trading Buy : 52965 - 55908 - 58850 Take - Profit Targets: Target 1: 61793 Potential Profit: 10.53% Target 2: 64735 Potential Profit: 15.79% Target 3: 70620 Potential Profit: 26.32% Target 4: 84744 Potential Profit:β¦
β‘β‘ #BTC/USDT β‘β‘
Exchanges: ByBit Spot, KuCoin, Binance
Signal Type: Regular (Long)
Entry Targets:
1) 56800 - 33.333%
2) 51908 - 33.333%
3) 45965 - 33.333%
Take-Profit Targets:
1) 64500 - 25.0%
2) 70735 - 25.0%
3) 84620 - 25.0%
4) 106744 - 25.0%
Stop Targets:
1) 39500
Published By: @HamadaMark
Exchanges: ByBit Spot, KuCoin, Binance
Signal Type: Regular (Long)
Entry Targets:
1) 56800 - 33.333%
2) 51908 - 33.333%
3) 45965 - 33.333%
Take-Profit Targets:
1) 64500 - 25.0%
2) 70735 - 25.0%
3) 84620 - 25.0%
4) 106744 - 25.0%
Stop Targets:
1) 39500
Published By: @HamadaMark
Wild Bitcoinβ’π΅πΈ
Binance, ByBit Spot, KuCoin #BTC/USDT Entry 1 β
Average Entry Price: 56800 π΅
This Current movement could be a normal retest of the previously broken support around $59,500 to $61,500,
We are anticipating further downside
We ask Allah reconcile and repay
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Wild Bitcoinβ’π΅πΈ
#BTC has retraced from the $66-67K range back down to $61K again. We're now one step closer to entering our buy zone. The weekly and monthly charts are indicating weakness as well. Let's see if our orders get filled this time around. π π― https://www.tradiβ¦
Looking at Chart , Bitcoin has dropped below the key support level of 59,500, which it held for about 61 days since breaking through on February 24, now falling below it again on May 1.
This current movement suggests a retest of the broken support, possibly followed by further decline to $51-48-45K as Current support range!.
Scenario A
https://www.tradingview.com/x/O52eKW4G/
Scenario B
https://www.tradingview.com/x/0OPiCXR2/
Though experienced traders can spot many patterns on charts, clear conditions are crucial for informed decisions, avoiding confusion.
Both scenarios are very realistic and have a similar incidence
But on a personal level, and we tend towards the first scenario more due to the closure and the monthly performance of Bitcoin. On the other hand none of us can impose his opinion on the market. Everything you see is a way to evaluate things, and in the end we all follow the market. Sometimes it may be your opinion be the right choice and sometimes it is not. so you must always be prepared for what may happen and have a plan that contains two scenarios, which helpful and makes you flexible in a market characterized by extreme fluctuations.
Currently, we have a buy order activated at 56,800, which is profitable
Before making any decisions based on the information provided, it is essential to use your own judgment and analyze the charts to determine if you agree with the assessment or not.
Regardless of your bullish or bearish sentiment, it is crucial to recognize that you cannot impose your opinion or force it to become reality. Therefore, be prepared for various outcomes.
Please be aware that we do not engage in shorting Bitcoin, so if you choose to short based on the information above, it is entirely at your own risk.
We take responsibility for what we write, but we cannot be held responsible for your interpretation. Therefore, exercise caution and carefully read and understand the information provided.
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repay
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Wild Bitcoinβ’π΅πΈ
Our entry at $56,800 was a nice catch and resulted in good profits, but sometimes these accurate entries can cause you to miss opportunities, like the recent rebound from $59,000 while our entry was at $58,850.
Thankfully, this time the price dropped to $56,600, which was another $200 difference but worked in our favor to active our entry at $56800.
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repay
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Wild Bitcoinβ’π΅πΈ
β‘β‘ #BTC/USDT β‘β‘ Exchanges: ByBit Spot, KuCoin, Binance Signal Type: Regular (Long) Entry Targets: 1) 56800 - 33.333% 2) 51908 - 33.333% 3) 45965 - 33.333% Take-Profit Targets: 1) 64500 - 25.0% 2) 70735 - 25.0% 3) 84620 - 25.0% 4) 106744 - 25.0% Stop Targets:β¦
Binance, ByBit Spot, KuCoin
#BTC/USDT Take-Profit target 1 β
Profit: 13.5563% π
Period: 1 Months 29 Days 15 Hours 11 Minutes β°
#BTC/USDT Take-Profit target 1 β
Profit: 13.5563% π
Period: 1 Months 29 Days 15 Hours 11 Minutes β°
Wild Bitcoinβ’π΅πΈ
Despite this positive movement
Currently, we are monitoring the market's movements closely. If our initially anticipated scenario fails, we will provide an update promptly without any oversight.
Our entry from $56,800 is now showing profits of nearly +15%. We will continue to assess the market for any favorable opportunities and keep you informed. Stay safe!
π Please take a moment to peruse our user guide before deciding to follow us. Your understanding is valued! πβ¨
https://prnt.sc/XbrZNK9yHYMf
https://bit.ly/3gbsILg
Best of luck with your trades! π
Wild Bitcoinβ’
πwe ask Allah reconcile and repay
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#BTCUSDT Risky Setup , we trade $59K support
Buy : 59442 - 61006 - 62600
Take - Profit Targets:
Target 1: 64134
Potential Profit: 5.13%
Target 2: 65699
Potential Profit: 7.69%
Target 3: 68827
Potential Profit: 12.82%
Target 4: 76335
Potential Profit: 25.13%
Stop-Loss: 57555
Risk/Reward: 5.00% / 25.13%
Potential ROI : 12.69%
Risk Percentage / Position size : 1%
Exchange : Binance, KuCoin, ByBit, Bitstamp, Coinbase
Duration: undefined
Confidence in Trade : Low
Note: Potential profit and ROI calculated from average entry.
we ask Allah reconcile and repay.
Buy : 59442 - 61006 - 62600
Take - Profit Targets:
Target 1: 64134
Potential Profit: 5.13%
Target 2: 65699
Potential Profit: 7.69%
Target 3: 68827
Potential Profit: 12.82%
Target 4: 76335
Potential Profit: 25.13%
Stop-Loss: 57555
Risk/Reward: 5.00% / 25.13%
Potential ROI : 12.69%
Risk Percentage / Position size : 1%
Exchange : Binance, KuCoin, ByBit, Bitstamp, Coinbase
Duration: undefined
Confidence in Trade : Low
Note: Potential profit and ROI calculated from average entry.
we ask Allah reconcile and repay.