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! 🚀
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1. 📝 Follow these four essential steps to open a trade like a pro! Patience and discipline are key. 🎯 #Trading101 #SmartInvesting
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2. 🔍 Decode the market's secrets with these powerful continuation patterns. Are you ready to spot the next big move? 🚀 #MarketAnalysis #TradingExpert
3. 🕵️♂️ Unlock the potential of continuation patterns and ride the market waves like a pro! 🌊
2. 🔍 Decode the market's secrets with these powerful continuation patterns. Are you ready to spot the next big move? 🚀 #MarketAnalysis #TradingExpert
3. 🕵️♂️ Unlock the potential of continuation patterns and ride the market waves like a pro! 🌊
🚀 Spotting the #ThreeInsideUp pattern can be a game-changer! 📈 This bullish reversal candlestick formation signals potential upward momentum.
Keep your eyes on the charts and ride the wave! 🌊💹
Keep your eyes on the charts and ride the wave! 🌊💹
What happened in Crypto in the last 12h:
- $BTC Touches $89K, Flip Silver
- MSTR Buys 27,200 $BTC
- BlackRock $IBIT Volume Surpasses $4.4B
- Big News Rumor about $BTC
- New 2B $USDT Minted
- Tesla's $1B Bitcoin Position
- $ETH Consensus Layer Roadmap Coming Soon
- Binance Listing $ACT $PNUT, Low FDV Meme Rally
- Mantle $COOK Fee Rewards
- $BLUR Fee Conversion Proposal
👇
• $BTC - Bitcoin continued its explosive rise, touching 89k and surpassing silver market cap.
• MicroStrategy has acquired an additional 27,200 Bitcoin for approximately $2.03 billion. The $MSTR stock price also hit a new all-time high after-hours, topping $350.
• BlackRock $IBIT trading volume reached $4.47B yesterday. Total trading volume across spot BTC ETFs reached $72.2B, the highest volume since March 14th.
• $BTC - Satoshi Action Fund founder Dennis Porter has hinted that there will be big news regarding Bitcoin this week.
• $USDT - 2B $USDT were newly minted at the Tether Treasury. There is also over 100m of $USDC minted.
• The value of $BTC owned by Tesla has surpassed $1B.
• $ETH - Justin Drake of the Ethereum Foundation has hinted that he'll be sharing a roadmap for a beacon chain that redesigns Ethereum's consensus layer during Devcon (Nov 12th). The market is expecting ETH 3.0
• Binance's listing of $ACT $PNUT triggered an explosive rally in low FDV meme coins.
• $COOK - Mantle's DeFi Strategist, @Defi_Maestro, announced that $COOK will soon be distributing $cmETH rewards.
• $BLUR - Split Capital proposed the “BLUR Fee Shift” proposal, which aims to increase the protocol fees and add a framework to redirect the fees to $veBLUR.
- $BTC Touches $89K, Flip Silver
- MSTR Buys 27,200 $BTC
- BlackRock $IBIT Volume Surpasses $4.4B
- Big News Rumor about $BTC
- New 2B $USDT Minted
- Tesla's $1B Bitcoin Position
- $ETH Consensus Layer Roadmap Coming Soon
- Binance Listing $ACT $PNUT, Low FDV Meme Rally
- Mantle $COOK Fee Rewards
- $BLUR Fee Conversion Proposal
👇
• $BTC - Bitcoin continued its explosive rise, touching 89k and surpassing silver market cap.
• MicroStrategy has acquired an additional 27,200 Bitcoin for approximately $2.03 billion. The $MSTR stock price also hit a new all-time high after-hours, topping $350.
• BlackRock $IBIT trading volume reached $4.47B yesterday. Total trading volume across spot BTC ETFs reached $72.2B, the highest volume since March 14th.
• $BTC - Satoshi Action Fund founder Dennis Porter has hinted that there will be big news regarding Bitcoin this week.
• $USDT - 2B $USDT were newly minted at the Tether Treasury. There is also over 100m of $USDC minted.
• The value of $BTC owned by Tesla has surpassed $1B.
• $ETH - Justin Drake of the Ethereum Foundation has hinted that he'll be sharing a roadmap for a beacon chain that redesigns Ethereum's consensus layer during Devcon (Nov 12th). The market is expecting ETH 3.0
• Binance's listing of $ACT $PNUT triggered an explosive rally in low FDV meme coins.
• $COOK - Mantle's DeFi Strategist, @Defi_Maestro, announced that $COOK will soon be distributing $cmETH rewards.
• $BLUR - Split Capital proposed the “BLUR Fee Shift” proposal, which aims to increase the protocol fees and add a framework to redirect the fees to $veBLUR.