Bitcoin price closed September 2024 with a +7.38% increase at $63,327
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💰Hey there, Capybuddy! Ready to have some fun and earn some cool rewards
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Capybara MEME
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Buy #Bitcoin 500 days before the halving, sell 500 days after the halving.
#FIRO/USDT Chart Analysis : 1D
#FIRO is in a downtrend, trading below the 200 EMA. The price is currently facing rejection from both the 200 EMA and the resistance zone. It is expected to decline from this level and test the previous swing low. Wait for pullback for short entry.
Entry : $1.257
Target : $1.070
SL : $1.359
#FIRO is in a downtrend, trading below the 200 EMA. The price is currently facing rejection from both the 200 EMA and the resistance zone. It is expected to decline from this level and test the previous swing low. Wait for pullback for short entry.
Entry : $1.257
Target : $1.070
SL : $1.359
❤1
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Educational Post
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
Bitcoin Hits New ATH at $89,500: This Bull Run is Just Getting Started 🚀
#Bitcoin just hit a new ATH at $89,500 🔥
The 50-day EMA is acting as strong support.
As long as we're above it, we can hold our longs.
If we're near the 50-day EMA, it’s a great time to open more long setups.
This bull run is going to be massive, guys... 🚀
#Bitcoin just hit a new ATH at $89,500 🔥
The 50-day EMA is acting as strong support.
As long as we're above it, we can hold our longs.
If we're near the 50-day EMA, it’s a great time to open more long setups.
This bull run is going to be massive, guys... 🚀
Massive Bullish Signal: US Government to Buy 1 Million #Bitcoin 🚀
The US Government is looking to buy 1 million Bitcoin over the next 5 years.
2,00,000 Bitcoins per year over a 5 year period 🇺🇸
That’s a massive $84 billion at today’s prices.
Current Price of Bitcoin is $89000 🤯
If the bill passes, #BTC could become the new reserve asset for the United States.
This could be huge for the market! 🚀
The US Government is looking to buy 1 million Bitcoin over the next 5 years.
2,00,000 Bitcoins per year over a 5 year period 🇺🇸
That’s a massive $84 billion at today’s prices.
Current Price of Bitcoin is $89000 🤯
If the bill passes, #BTC could become the new reserve asset for the United States.
This could be huge for the market! 🚀
👍1
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