ChartAnalysis101
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#ChartAnalysis101 on Binance Square:
š Chart Patterns Made Simple!
#ChartAnalysis101
Learning charts isnāt hardājust start with the basics:
š¹ Support ā A price level where buyers step in.
š¹ Resistance ā A ceiling where sellers take profits.
š¹ Breakout ā When price breaks support or resistance with volume.
Look for double bottoms (bullish) or head & shoulders (bearish).
š Always combine patterns with volume to confirm signals.
Avoid emotional tradingālet the charts guide you.
Practice on Binance using the Spot chart view.
š” What's your favorite pattern to trade?
š Chart Patterns Made Simple!
#ChartAnalysis101
Learning charts isnāt hardājust start with the basics:
š¹ Support ā A price level where buyers step in.
š¹ Resistance ā A ceiling where sellers take profits.
š¹ Breakout ā When price breaks support or resistance with volume.
Look for double bottoms (bullish) or head & shoulders (bearish).
š Always combine patterns with volume to confirm signals.
Avoid emotional tradingālet the charts guide you.
Practice on Binance using the Spot chart view.
š” What's your favorite pattern to trade?
$BTC Bounces Hard! What's Next?
Hey #BinanceSquare community, let's break down this powerful move on the BTC/USDT 30-minute chart
1. Finding a Floor:Ā After a significant drop, Bitcoin found strong support around the ~$107,300 level. It then spent the last day consolidating sideways in a tight range.
2. The Bullish Breakout:Ā We just witnessed a decisive breakout! A strong, impulsive candle pushed the price out of the consolidation zone, signaling that buyers are stepping back in. $BTC
Key Levels to Watch NOW:
Crucial Support:Ā The top of the old range atĀ ~$108,400. This breakout point must now act as a new support floor.Immediate Resistance:Ā The recent high nearĀ ~$109,200Ā is the first target bulls need to overcome. $BTC
My Take:Ā This is a classic bounce from a key support level followed by a breakout. For this bullish move to be confirmed, we need to see the price hold above the ~$108,400 level.
Click on $BTC to go straight to the live chart and watch these key levels!
#bitcoin #BTC #trading #ChartAnalysis101
1. Finding a Floor:Ā After a significant drop, Bitcoin found strong support around the ~$107,300 level. It then spent the last day consolidating sideways in a tight range.
2. The Bullish Breakout:Ā We just witnessed a decisive breakout! A strong, impulsive candle pushed the price out of the consolidation zone, signaling that buyers are stepping back in. $BTC
Key Levels to Watch NOW:
Crucial Support:Ā The top of the old range atĀ ~$108,400. This breakout point must now act as a new support floor.Immediate Resistance:Ā The recent high nearĀ ~$109,200Ā is the first target bulls need to overcome. $BTC
My Take:Ā This is a classic bounce from a key support level followed by a breakout. For this bullish move to be confirmed, we need to see the price hold above the ~$108,400 level.
Click on $BTC to go straight to the live chart and watch these key levels!
#bitcoin #BTC #trading #ChartAnalysis101
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