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📊 Support & Resistance Patterns Every Trader Should Know, just Incase you do not know, Support and resistance are like the floor and ceiling of the market. Support = A price level where buyers step in to stop the fall (the floor). Resistance = A price level where sellers step in to stop the rise (the ceiling). When price touches these zones, it can either bounce back or break through and that’s where candlestick patterns give us clues. Here are some patterns to watch: 🔥 Bullish Signs (Price may go up) Morning Star – Three candles showing a shift from selling to buying near support. Bullish Breakout – Price pushes above resistance after several attempts. Bullish Rejection – Price dips to support but bounces hard. Three White Soldiers – Three strong green candles from support – bullish momentum. ⚠️ Bearish Signs (Price may go down) Bearish Engulfing – A big red candle swallows a green one near resistance. Bearish Rejection – Price tries to break resistance but fails. Three Red Crows – Three red candles in a row near resistance – strong downtrend. Evening Star – Three candles showing a shift from buying to selling near resistance.
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Hal Finney predicted $10 million Bitcoin a week after Bitcoin went live in 2009. Today, $BTC is trading over $110,000
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Simple Steps to Reading Crypto Charts Like a Pro Trading crypto without a plan is like driving with your eyes closed, you might get lucky for a bit, but eventually, you’ll crash. - Start Big Before You Zoom In Always begin with the bigger picture, look at the daily or weekly chart first. This gives you the overall direction, so you’re not fooled by short-term noise. - Find the “Bounce” and “Ceiling” Levels Mark support levels (where the price usually bounces up) and resistance levels (where it struggles to go higher). - Figure Out the Market’s Mood Is the market climbing, falling, or just stuck in the middle? Draw a trend line if you can, it’s like checking which way the wind is blowing before you set sail. - Spot the Hidden Shapes (Optional) Triangles, flags, head-and-shoulders these patterns can hint at the next big move. Focus on the ones near the current price. - Use Only a Couple of Tools (Optional) Indicators like RSI, MACD, or moving averages can help, but keep it simple, One or two is enough. Any more, and you’re just creating chart spaghetti (😂) - Read the Story in the Chart Ask yourself this very important questions: * Are buyers winning, or are sellers in control? * Do the indicators agree with the price trend? * Are we looking bullish or bearish? - Wait for Your Moment If the price isn’t where you want it, set an alert and wait, Sometimes the best trade is the one you don’t take, yet. You’ve done the analysis, now give it time. When your alert triggers, review your plan and act with confidence. Hope this helps You. #technicalanalyst #xmucan #altcoins
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Many Years, this was a dream for some people, but look at Us today, seeing Btc over $100,000 looks normal. 🎯 BULLISH CRYPTO TARGETS: $BTC: $250,000 $ETH: $10,000 $XRP: $10 $SOL: $800 $BNB : $2,500 $DOGE: $3.8 $SUI: $15.00 $LINK: $125 $AVAX: $500 $TON: $30.00 $UNI: $105 $WIF : $8 $PEPE : $0.05 Share your altcoin price predictions! ⬇️
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