#Bitcoin / https://t.me/CryptoArav
This is your daily reminder that $30K is still a magnet.
Don't listen to the FUD.
This is your daily reminder that $30K is still a magnet.
Don't listen to the FUD.
#Educational
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
#Educational
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
Whale is 'NOT' Buying https://t.me/CryptoArav, They are Selling.
According to this illustration, the number of addresses with a balance greater than 1,000 BTC is diverging, which suggests a lack of support for a price increase
According to this illustration, the number of addresses with a balance greater than 1,000 BTC is diverging, which suggests a lack of support for a price increase
ETH/BTC Pair
The price broke through the falling wedge that was formed inside the descending channel! Moreover, the resistance was already re-tested.
At the moment the way up to 0.072 is free. Ethereum is ready to fly and outperform Bitcoin. Take this fact into account while managing your crypto portfolio.
The price broke through the falling wedge that was formed inside the descending channel! Moreover, the resistance was already re-tested.
At the moment the way up to 0.072 is free. Ethereum is ready to fly and outperform Bitcoin. Take this fact into account while managing your crypto portfolio.
BTC Monthly Closing
Despite an enthusiastic rally, Bitcoin closed February 2023 almost unchanged, with a decrease of only 0.01%. This marks https://t.me/CryptoArav's most neutral monthly performance on record
Despite an enthusiastic rally, Bitcoin closed February 2023 almost unchanged, with a decrease of only 0.01%. This marks https://t.me/CryptoArav's most neutral monthly performance on record
Exchange Whale Ratio close to risky area
Based on the 72-hour moving average metric, values above 0.85 typically create short-term selling pressure.
This is particularly relevant for holders of high leverage long positions, who should be mindful of this until the metric neutralizes, which typically occurs when the value falls below 0.84
Based on the 72-hour moving average metric, values above 0.85 typically create short-term selling pressure.
This is particularly relevant for holders of high leverage long positions, who should be mindful of this until the metric neutralizes, which typically occurs when the value falls below 0.84