Bearish Rectangle Top
π The bearish rectangle top pattern functions as a reversal pattern when it occurs in a uptrend and the breakout happens to the downside.
π The price rise in a strong uptrend and then starts to consolidate between support and resistance levels.
π The consolidation marks a period of equilibrium when neither buyers nor sellers are stronger than the other party.
π This up-down struggle continues for a while and the pattern begins to exhibit the shape of a rectangle.
π In the case of a Bearish rectangle top chart pattern, the stop loss should be placed at the previous high of the pattern.
π The limitation for the target will be the previous support level which was formed before by the price action.
π The bearish rectangle top pattern functions as a reversal pattern when it occurs in a uptrend and the breakout happens to the downside.
π The price rise in a strong uptrend and then starts to consolidate between support and resistance levels.
π The consolidation marks a period of equilibrium when neither buyers nor sellers are stronger than the other party.
π This up-down struggle continues for a while and the pattern begins to exhibit the shape of a rectangle.
π In the case of a Bearish rectangle top chart pattern, the stop loss should be placed at the previous high of the pattern.
π The limitation for the target will be the previous support level which was formed before by the price action.
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Exactly 15 years ago on this day, Satoshi published the Bitcoin whitepaper, which proposed the idea of light nodes that can verify "alerts" for invalid blocks. This is essential to allowing blockchains to increase their block size without compromising end-user decentralization.
https://twitter.com/TamilBTC_/status/1719369421767196912
https://twitter.com/TamilBTC_/status/1719369421767196912
#EDUCATIONAL_POST:
A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.
A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.
Bullish or Bearish on $ETH? | @TamilBTC @NammaCrypto https://youtu.be/kRB7YzO69O0?si=G-A9_0ILo2RHJDax
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Bullish or Bearish on $ETH? | @TamilBTC @NammaCrypto
NammaCrypto is an information resource dedicated to Bitcoin, Blockchain,ETF,DeFi,METAVERSE,IEO,IDO,IFO and decentralized technologies. Cryptocurrency events, Bitcoin price analysis, op-ed's, crypto technologies, and all the news about Bitcoin. Working forβ¦
Summary of 2023
β’ US judge rules XRP is not a security.
β’ $10 trillion asset manager BlackRock officially files for a Spot Bitcoin & Ethereum ETF.
β’ BlackRock CEO says crypto is digital gold and "Bitcoin is an international asset."
β’ Sam Bankman-Fried found guilty on all charges.
β’ Elon Musk tells advertisers who are trying to blackmail him to "go fu*k yourself."
β’ Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America.
β’ FED Chair Jerome Powell says "crypto appears to have staying power as an asset class."
β’ Changpeng Zhao (CZ) resigns as Binance CEO.
β’ Coinbase relists Ripple XRP.
β’ Chinese Yuan overtakes US dollar as most-used currency in China's cross-border transactions for the first time in history.
β’ Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
β’ Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank.
β’ Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds.
β’ SEC drops lawsuit against Ripple XRP executives.
β’ Crypto asset manager Grayscale wins lawsuit against SEC.
β’ Coinbase sues the SEC, seeking regulatory clarity for the crypto industry.
β’ El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
β’ Hong Kong court recognizes cryptocurrencies as property.
β’ Chinese property giant Evergrande files for bankruptcy.
β’ Terra founder Do Kwon arrested in Montenegro.
β’ US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith.
β’ BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF.
β’ UK Government plans to establish new digital asset legislation and make the country a crypto hub.
@tamil_btc
β’ US judge rules XRP is not a security.
β’ $10 trillion asset manager BlackRock officially files for a Spot Bitcoin & Ethereum ETF.
β’ BlackRock CEO says crypto is digital gold and "Bitcoin is an international asset."
β’ Sam Bankman-Fried found guilty on all charges.
β’ Elon Musk tells advertisers who are trying to blackmail him to "go fu*k yourself."
β’ Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America.
β’ FED Chair Jerome Powell says "crypto appears to have staying power as an asset class."
β’ Changpeng Zhao (CZ) resigns as Binance CEO.
β’ Coinbase relists Ripple XRP.
β’ Chinese Yuan overtakes US dollar as most-used currency in China's cross-border transactions for the first time in history.
β’ Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
β’ Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank.
β’ Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds.
β’ SEC drops lawsuit against Ripple XRP executives.
β’ Crypto asset manager Grayscale wins lawsuit against SEC.
β’ Coinbase sues the SEC, seeking regulatory clarity for the crypto industry.
β’ El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
β’ Hong Kong court recognizes cryptocurrencies as property.
β’ Chinese property giant Evergrande files for bankruptcy.
β’ Terra founder Do Kwon arrested in Montenegro.
β’ US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith.
β’ BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF.
β’ UK Government plans to establish new digital asset legislation and make the country a crypto hub.
@tamil_btc
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π£[Initial Listing] MEXC Kickstarter - Vote Bool Ran (BOOL) to Win Free 50,000 USDT Airdrops!
β°Voting Period: 2024-01-15 09:00 to 2024-01-16 08:50 (UTC)
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#EDUCATIONAL_POST:-
What Is Bull Flag Pattern?
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
What Is Bull Flag Pattern?
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.