ME and $BTC | Bullish Mind on Binance Square

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ME and $BTC 

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This image is a trading guide explaining how to use double confirmation in a downtrend to identify a more reliable entry point for a trade. Here's a breakdown of the key concepts: --- Main Focus: Double Confirmation in a Downtrend The strategy focuses on waiting for two confirmations before entering a trade to improve the accuracy of entries. --- Key Elements in the Chart: 1. Key Zone (Support Turned Resistance) A previously strong support level that has been broken and is now acting as resistance. This is the zone to watch for rejection and entry signals. 2. No Entry Signals Larger Lower Wicks (Weaker Candles): These suggest buying pressure (buyers pushing price up), which is not a strong bearish signal. Entry here is not recommended due to weaker confirmation. Only One Confirmation: Without a second signal (like a bearish reversal pattern), the risk of a false move is higher. 3. Entry Signal Evening Star Pattern: A strong bearish reversal candlestick pattern. Occurs at the key resistance zone. Combined with the resistance, this becomes a double confirmation. This is the ideal entry point as the trend resumes downward. --- Bottom-Right Inset: Price Movement Explanation Support turns into resistance. Price pulls back into this zone, gets rejected, and continues the trend. This is a classic price action setup. --- Conclusion: Only enter after: 1. Price retests a key resistance level. 2. You see a bearish reversal pattern (like an Evening Star). Avoid entering on weak signals like large lower wicks alone. Would you like help applying this strategy to a specific chart or trade?

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💰 Blockchain Group announced a €63.3M ($72M) bond sale to boost its Bitcoin treasury, aiming to purchase up to 658 BTC and increase holdings to 1,437 BTC. $BTC

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🐳🐳 James Wyn closed part of his BTC position at a loss, booking a $5 million loss and currently $4 million in unrealized losses.

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A $TRUMP memecoin holder who bought around $300K worth of tokens to attend Trump’s crypto dinner called the food “trash” and the speech “bullsh*t,” saying even McDonald’s would’ve been better. $TRUMP #TrumpTariffs #WhaleJamesWynnWatch #SaylorBTCPurchase #Bitcoin2025 #BinanceHODLerHAEDAL

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VIP MARKET UPDATE: $UNI UNI has reclaimed the horizontal support, followed by a deviation move. It is currently trading below the descending trendline. We should wait for a breakout with a candle close above the trendline, or a successful retest of it, either would serve as a strong bullish confirmation.

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