HMD-TRADERS
Open Trade
Frequent Trader
1.2 Years
Experienced crypto traders in market analysis and strategic investments. Follow HMD-Traders for insights, trends, and profitable opportunities in the Crypto.
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The market is bullish for long term .
$BTC $ETH $BNB Whether you believe it or not, this is the current reality.
For short term the market is still bearish, and new lows are expected in the short-term. For the perpetual ETHUSDT.P futures on Binance, the major swing low is still holding, which is not a positive sign. Ideally, we want to see a liquidity sweep below this low, potentially reaching the bottom trendline of the major parallel.
$BTC $ETH $BNB Whether you believe it or not, this is the current reality.
For short term the market is still bearish, and new lows are expected in the short-term. For the perpetual ETHUSDT.P futures on Binance, the major swing low is still holding, which is not a positive sign. Ideally, we want to see a liquidity sweep below this low, potentially reaching the bottom trendline of the major parallel.
Dominance (BTC.D) and Bitcoin ($BTC ) price impact altcoins (ALTS):
1. **BTC.D ↑ and BTC ↑:** ALTS ↓
2. **BTC.D ↑ and BTC ↓:** ALTS dump
3. **BTC.D ↑ and BTC stable:** ALTS stable
4. **BTC.D ↓ and BTC ↑:** ALTS pump
5. **BTC.D ↓ and BTC ↓:** ALTS stable
6. **BTC.D ↓ and BTC stable:** ALTS ↑
In essence, higher Bitcoin Dominance usually means lower altcoin prices, and vice versa.
$BTC $SOL
1. **BTC.D ↑ and BTC ↑:** ALTS ↓
2. **BTC.D ↑ and BTC ↓:** ALTS dump
3. **BTC.D ↑ and BTC stable:** ALTS stable
4. **BTC.D ↓ and BTC ↑:** ALTS pump
5. **BTC.D ↓ and BTC ↓:** ALTS stable
6. **BTC.D ↓ and BTC stable:** ALTS ↑
In essence, higher Bitcoin Dominance usually means lower altcoin prices, and vice versa.
$BTC $SOL
#bbusdt
$BB
1. Two Days Ago:
- We informed you that $BB USDT had entered the demand zone around 0.59.
- The support level was holding firm.
2. A Few Hours Ago:
- We advised you to check the price when it reached 0.6750.
3. Current Update:
-$BB USDT has now broken through the strongest resistance at approximately 0.77 and reached 0.8123 which is the Ever high
- Stay strong and enjoy the profits!
$BB
1. Two Days Ago:
- We informed you that $BB USDT had entered the demand zone around 0.59.
- The support level was holding firm.
2. A Few Hours Ago:
- We advised you to check the price when it reached 0.6750.
3. Current Update:
-$BB USDT has now broken through the strongest resistance at approximately 0.77 and reached 0.8123 which is the Ever high
- Stay strong and enjoy the profits!
Finding Support and Resistance (Moving Averages and Fibonacci Retracments)
Support and resistance are essential concepts in technical analysis that help traders identify key price levels of a security or asset. These concepts aid in making informed trading decisions and identifying potential entry and exit points for trades.
Support
Support is a price level where buying pressure is strong enough to prevent the price from dropping further. In other words, it's where demand outweighs supply. When the price of an asset approaches a support level, traders often expect it to bounce back up as buyers step in to purchase at the lower price.
Example:
Imagine a cryptocurrency that has been trading between $30,000 and $35,000 for several weeks. If the price drops to $32,000 and then rises again, $32,000 can be considered a support level. Traders might use this level as a buying opportunity, believing the price will continue to rise from this point.
Resistance:
Resistance is the opposite of support. It's a price level where selling pressure is strong enough to prevent the price from rising further, meaning supply outweighs demand. When the price of an asset approaches a resistance level, traders often expect it to fall back down as sellers take advantage of the higher price.
Example: Consider a tech stock that has been trading between $150 and $170. If the price climbs to $165 and then falls, $165 can be considered a resistance level. Traders might sell at this level, expecting the price to drop from there.
Identifying Support and Resistance
These levels can be identified using various tools like trend lines, moving averages, and Fibonacci retracements. Chart patterns such as double bottoms and head and shoulders also help pinpoint these levels. The more times a price has reversed direction at a particular level, the stronger that level is likely to be.
Self-Knowledge Example: In my experience, using moving averages can be particularly helpful. For instance, if a stock consistently bounces off its 50-day moving average, this average can act as a support level. Conversely, if a stock struggles to break through its 200-day moving average, this average can serve as a resistance level.
Using Support and Resistance in Trading
Traders can use support and resistance in various strategies. One common method is range trading, where traders buy at support levels and sell at resistance levels within a range.
Example: If a stock is trading between $100 and $120, a trader might buy when the price nears $100 and sell when it approaches $120, expecting the price to stay within this range.
Another strategy is trading breakouts, which occur when the price moves beyond a support or resistance level, indicating a possible trend reversal. Traders may use breakouts as signals to enter trades in the direction of the breakout.
Example: If the price of an asset consistently struggles to rise above $200 but finally breaks through and continues to rise, this breakout could signal a strong upward trend. Traders might buy at this point, expecting the price to keep increasing.
It's important to note that support and resistance levels are not always precise. Prices might break through these levels or temporarily move past them before reversing. Therefore, combining support and resistance analysis with other technical indicators and risk management strategies is crucial for effective trading.
Self-Knowledge Insight: Using stop-loss orders can help manage risk when trading around support and resistance levels. For example, if buying at a support level, setting a stop-loss slightly below the support can limit potential losses if the price continues to fall.
Support
Support is a price level where buying pressure is strong enough to prevent the price from dropping further. In other words, it's where demand outweighs supply. When the price of an asset approaches a support level, traders often expect it to bounce back up as buyers step in to purchase at the lower price.
Example:
Imagine a cryptocurrency that has been trading between $30,000 and $35,000 for several weeks. If the price drops to $32,000 and then rises again, $32,000 can be considered a support level. Traders might use this level as a buying opportunity, believing the price will continue to rise from this point.
Resistance:
Resistance is the opposite of support. It's a price level where selling pressure is strong enough to prevent the price from rising further, meaning supply outweighs demand. When the price of an asset approaches a resistance level, traders often expect it to fall back down as sellers take advantage of the higher price.
Example: Consider a tech stock that has been trading between $150 and $170. If the price climbs to $165 and then falls, $165 can be considered a resistance level. Traders might sell at this level, expecting the price to drop from there.
Identifying Support and Resistance
These levels can be identified using various tools like trend lines, moving averages, and Fibonacci retracements. Chart patterns such as double bottoms and head and shoulders also help pinpoint these levels. The more times a price has reversed direction at a particular level, the stronger that level is likely to be.
Self-Knowledge Example: In my experience, using moving averages can be particularly helpful. For instance, if a stock consistently bounces off its 50-day moving average, this average can act as a support level. Conversely, if a stock struggles to break through its 200-day moving average, this average can serve as a resistance level.
Using Support and Resistance in Trading
Traders can use support and resistance in various strategies. One common method is range trading, where traders buy at support levels and sell at resistance levels within a range.
Example: If a stock is trading between $100 and $120, a trader might buy when the price nears $100 and sell when it approaches $120, expecting the price to stay within this range.
Another strategy is trading breakouts, which occur when the price moves beyond a support or resistance level, indicating a possible trend reversal. Traders may use breakouts as signals to enter trades in the direction of the breakout.
Example: If the price of an asset consistently struggles to rise above $200 but finally breaks through and continues to rise, this breakout could signal a strong upward trend. Traders might buy at this point, expecting the price to keep increasing.
It's important to note that support and resistance levels are not always precise. Prices might break through these levels or temporarily move past them before reversing. Therefore, combining support and resistance analysis with other technical indicators and risk management strategies is crucial for effective trading.
Self-Knowledge Insight: Using stop-loss orders can help manage risk when trading around support and resistance levels. For example, if buying at a support level, setting a stop-loss slightly below the support can limit potential losses if the price continues to fall.
#bbusdt
The recent breach of the support level at 0.5999 indicates a significant breakout, suggesting a potential downtrend. We can anticipate the price to decline until it reaches the next support level. Upon reaching this support, the price may consolidate and attempt to test the tough resistance levels once more.
Key Points:
1. Support Breach: The previous support at 0.5999 has been broken.
2. Downtrend:Expect the price to decline to the next support level.
3. Resistance Test: Post-recovery from the next support, the price is likely to challenge the tough resistance levels.
4. Risk Management: Always place a stop-loss to manage risk effectively.
Disclaimer:Always conduct your own research and analysis before making any trading decisions. This prediction is not financial advice.
$BB
The recent breach of the support level at 0.5999 indicates a significant breakout, suggesting a potential downtrend. We can anticipate the price to decline until it reaches the next support level. Upon reaching this support, the price may consolidate and attempt to test the tough resistance levels once more.
Key Points:
1. Support Breach: The previous support at 0.5999 has been broken.
2. Downtrend:Expect the price to decline to the next support level.
3. Resistance Test: Post-recovery from the next support, the price is likely to challenge the tough resistance levels.
4. Risk Management: Always place a stop-loss to manage risk effectively.
Disclaimer:Always conduct your own research and analysis before making any trading decisions. This prediction is not financial advice.
$BB
$BB #bbusdt
Shorters have attempted to break the support level at 0.599 to initiate a new downtrend towards 0.55, the second demand zone.
However, buyers are holding their positions, causing the BBUSDT price to sustain at the current demand zone.
An increase in volume could potentially trigger an uptrend.
Hope for the best. Remember to do your own research before making any investments.
Shorters have attempted to break the support level at 0.599 to initiate a new downtrend towards 0.55, the second demand zone.
However, buyers are holding their positions, causing the BBUSDT price to sustain at the current demand zone.
An increase in volume could potentially trigger an uptrend.
Hope for the best. Remember to do your own research before making any investments.
#bbusdt
$BB
When a coin price holds its position at a support level for a couple of hours, it indicates that the price has reached a point where demand is strong enough to prevent it from falling further. This support level is typically characterized by a high volume of buying interest.
Whether the price will go up or down after holding at a support level depends on several factors:
1. Volume: If the price is holding at the support level with increasing trading volume, it may indicate a stronger likelihood of a price rebound (going up). Conversely, low volume might suggest weaker support, potentially leading to a breakdown below the support level (going down).
2. Market Sentiment: If overall market sentiment is positive, the price is more likely to bounce up from the support level. Negative sentiment could lead to further declines.
3. News and Events: Any news or events related to the coin or the broader market can influence the direction. Positive news could trigger an upward move, while negative news might lead to a breakdown of the support.
4. Technical Indicators: Other technical indicators such as Relative Strength Index (RSI), Moving Averages, or MACD can provide additional clues about the likely direction. For instance, if RSI is in the oversold region, it might suggest a potential upward reversal.
In summary, while holding at a support level often suggests a potential for the price to go up, the actual direction will depend on the interplay of volume, market sentiment, news, and other technical indicators.
$BB
When a coin price holds its position at a support level for a couple of hours, it indicates that the price has reached a point where demand is strong enough to prevent it from falling further. This support level is typically characterized by a high volume of buying interest.
Whether the price will go up or down after holding at a support level depends on several factors:
1. Volume: If the price is holding at the support level with increasing trading volume, it may indicate a stronger likelihood of a price rebound (going up). Conversely, low volume might suggest weaker support, potentially leading to a breakdown below the support level (going down).
2. Market Sentiment: If overall market sentiment is positive, the price is more likely to bounce up from the support level. Negative sentiment could lead to further declines.
3. News and Events: Any news or events related to the coin or the broader market can influence the direction. Positive news could trigger an upward move, while negative news might lead to a breakdown of the support.
4. Technical Indicators: Other technical indicators such as Relative Strength Index (RSI), Moving Averages, or MACD can provide additional clues about the likely direction. For instance, if RSI is in the oversold region, it might suggest a potential upward reversal.
In summary, while holding at a support level often suggests a potential for the price to go up, the actual direction will depend on the interplay of volume, market sentiment, news, and other technical indicators.
The Three White Soldiers pattern is a bullish candlestick formation signaling a strong market reversal from bearish to bullish. It appears after a downtrend or consolidation, suggesting a sustained upward movement.
What The Pattern Looks Like:
1. First Candle:A long bullish (green) candle appearing after a downtrend, indicating a sharp rise in price.
2. Second Candle: Another bullish candle that opens within the first candle's body and closes higher.
3. Third Candle:Also bullish, opening within the second candle's body and closing higher, confirming the uptrend.
All three candles should have small or no lower wicks, showing the market closed near its highs.
Pattern Logic
End of Bear Dominance:Market shifts from bearish or neutral.
Strong Bullish Momentum:First candle shows strong buying interest.
Consistent Buying Pressure: Next two candles indicate continued control by bulls.
Change in Sentiment: The three candles together demonstrate a clear shift to bullish sentiment.
Potential for Further Gains: Traders often seek additional confirmation for the trend's strength.
In essence, the Three White Soldiers pattern is a reliable indicator of bullish reversals, but it should be used alongside other tools for confirmation.
What The Pattern Looks Like:
1. First Candle:A long bullish (green) candle appearing after a downtrend, indicating a sharp rise in price.
2. Second Candle: Another bullish candle that opens within the first candle's body and closes higher.
3. Third Candle:Also bullish, opening within the second candle's body and closing higher, confirming the uptrend.
All three candles should have small or no lower wicks, showing the market closed near its highs.
Pattern Logic
End of Bear Dominance:Market shifts from bearish or neutral.
Strong Bullish Momentum:First candle shows strong buying interest.
Consistent Buying Pressure: Next two candles indicate continued control by bulls.
Change in Sentiment: The three candles together demonstrate a clear shift to bullish sentiment.
Potential for Further Gains: Traders often seek additional confirmation for the trend's strength.
In essence, the Three White Soldiers pattern is a reliable indicator of bullish reversals, but it should be used alongside other tools for confirmation.
The Morning Star Pattern (Bullish Sign)
The Morning Star Pattern
The Morning Star candlestick pattern is a bullish reversal pattern that signifies a potential change in the direction of the market from bearish to bullish. It typically forms at the end of a downtrend and indicates the dawn of a new upward movement, hence the name "Morning Star," symbolizing the start of a new day.
What The Pattern Looks Like
The Morning Star pattern consists of three candles:
First Candle: This is a long bearish (red) candle that continues the prevailing downtrend. It has a long body, showing a strong downward movement..Second Candle: The second candle can be either bullish (green) or bearish (red) and is typically a smaller candle or even a Doji (where the opening and closing prices are nearly the same). This candle will often gap down from the close of the first candle, meaning it opens at a lower price than the closing price of the preceding candle.Third Candle: This is a long bullish (green) candle that often gaps up from the close of the second candle. It should close at least halfway into the body of the first candle, the more it closes into the first candle's body, the stronger the reversal signal.
Pattern Logic
Understanding the psychology behind the Morning Star pattern gives more insight into its significance:
Continuation of Bearish Sentiment: The first long red candle reflects the continuation of the recent downtrend. Bears are in control, pushing prices lower.Market Indecision: The appearance of the second smaller candle or Doji indicates a pause in the downtrend. This shows that the selling pressure is weakening, and there's uncertainty or indecision in the market. Both bears and bulls are assessing their positions.Change in Sentiment: The third candle is where the sentiment shifts. The price gaps up on the open, indicating that the bulls have started to step in with force. As the third candle continues to push upward, it confirms that the bulls have taken control, and a potential trend reversal is underway.Confirmation: While the Morning Star pattern is a strong bullish reversal sign, traders often look for additional confirmation. This could be in the form of another bullish candle following the Morning Star or other technical indicators showing bullish momentum.
What The Pattern Looks Like
In conclusion, the Morning Star candlestick pattern is a powerful tool for traders to identify potential bullish reversals at the end of a downtrend. It provides a visual representation of the shift in market sentiment. However, as with all candlestick patterns, it's vital to use the Morning Star in conjunction with other technical analysis tools and methods to make informed trading decisions.
The Morning Star candlestick pattern is a bullish reversal pattern that signifies a potential change in the direction of the market from bearish to bullish. It typically forms at the end of a downtrend and indicates the dawn of a new upward movement, hence the name "Morning Star," symbolizing the start of a new day.
What The Pattern Looks Like
The Morning Star pattern consists of three candles:
First Candle: This is a long bearish (red) candle that continues the prevailing downtrend. It has a long body, showing a strong downward movement..Second Candle: The second candle can be either bullish (green) or bearish (red) and is typically a smaller candle or even a Doji (where the opening and closing prices are nearly the same). This candle will often gap down from the close of the first candle, meaning it opens at a lower price than the closing price of the preceding candle.Third Candle: This is a long bullish (green) candle that often gaps up from the close of the second candle. It should close at least halfway into the body of the first candle, the more it closes into the first candle's body, the stronger the reversal signal.
Pattern Logic
Understanding the psychology behind the Morning Star pattern gives more insight into its significance:
Continuation of Bearish Sentiment: The first long red candle reflects the continuation of the recent downtrend. Bears are in control, pushing prices lower.Market Indecision: The appearance of the second smaller candle or Doji indicates a pause in the downtrend. This shows that the selling pressure is weakening, and there's uncertainty or indecision in the market. Both bears and bulls are assessing their positions.Change in Sentiment: The third candle is where the sentiment shifts. The price gaps up on the open, indicating that the bulls have started to step in with force. As the third candle continues to push upward, it confirms that the bulls have taken control, and a potential trend reversal is underway.Confirmation: While the Morning Star pattern is a strong bullish reversal sign, traders often look for additional confirmation. This could be in the form of another bullish candle following the Morning Star or other technical indicators showing bullish momentum.
What The Pattern Looks Like
In conclusion, the Morning Star candlestick pattern is a powerful tool for traders to identify potential bullish reversals at the end of a downtrend. It provides a visual representation of the shift in market sentiment. However, as with all candlestick patterns, it's vital to use the Morning Star in conjunction with other technical analysis tools and methods to make informed trading decisions.
Hammer Candlestick:
The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It's called a "Hammer" due to its shape, which resembles a hammer with a long handle and a small head.
What The Pattern Looks Like
The Hammer pattern is formed of a single candlestick, which has the following characteristics:
Small Real Body: The body of the candle, which is the difference between the opening and closing prices, should be small. This body can be either red (bearish) or green (bullish).
Long Lower Shadow: The most defining feature of a Hammer is its long lower shadow (wick). This shadow should be at least twice the length of the real body.
Little to No Upper Shadow: Ideally, a Hammer should have little to no upper shadow. If there's a small upper shadow, it can still be considered a Hammer, but the absence of an upper shadow is more ideal.
Position within a Trend: For the pattern to be considered a Hammer, it must form after a downtrend. If the same shape appears after an uptrend, it is called a "Hanging Man" and can be bearish.
Understanding;
To fully understand the Hammer candlestick pattern, we need to delve into the market psychology behind it:
Previous Downtrend: Before the Hammer appears, there's a prevailing downtrend. This means that the bears have been in control, and the sentiment is pessimistic.
Intra-day Decline and Recovery: On the day the Hammer is formed, prices generally open and continue to move down, suggesting that bears are still trying to push the prices lower. However, at some point during the day, a change in sentiment occurs. Buyers step in, pushing the price back up, often closing near or slightly below the opening price.
Bulls Take Control: The long lower shadow represents the distance between the lowest traded prices of that day and the closing price, showing a rejection of the lower prices. This signifies that bulls are beginning to gain control and that bears are retreating.
The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It's called a "Hammer" due to its shape, which resembles a hammer with a long handle and a small head.
What The Pattern Looks Like
The Hammer pattern is formed of a single candlestick, which has the following characteristics:
Small Real Body: The body of the candle, which is the difference between the opening and closing prices, should be small. This body can be either red (bearish) or green (bullish).
Long Lower Shadow: The most defining feature of a Hammer is its long lower shadow (wick). This shadow should be at least twice the length of the real body.
Little to No Upper Shadow: Ideally, a Hammer should have little to no upper shadow. If there's a small upper shadow, it can still be considered a Hammer, but the absence of an upper shadow is more ideal.
Position within a Trend: For the pattern to be considered a Hammer, it must form after a downtrend. If the same shape appears after an uptrend, it is called a "Hanging Man" and can be bearish.
Understanding;
To fully understand the Hammer candlestick pattern, we need to delve into the market psychology behind it:
Previous Downtrend: Before the Hammer appears, there's a prevailing downtrend. This means that the bears have been in control, and the sentiment is pessimistic.
Intra-day Decline and Recovery: On the day the Hammer is formed, prices generally open and continue to move down, suggesting that bears are still trying to push the prices lower. However, at some point during the day, a change in sentiment occurs. Buyers step in, pushing the price back up, often closing near or slightly below the opening price.
Bulls Take Control: The long lower shadow represents the distance between the lowest traded prices of that day and the closing price, showing a rejection of the lower prices. This signifies that bulls are beginning to gain control and that bears are retreating.
Trading Tips.
1. Set clear trading goals.
2. Use stop-loss orders.
3. Diversify your portfolio.
4. Follow market news and trends.
5. Never invest more than you can afford to lose.
6. Avoid emotional trading.
7. Use technical analysis tools.
8. Stick to a trading plan.
9. Keep learning and updating your knowledge.
10. Monitor your trades regularly.
1. Set clear trading goals.
2. Use stop-loss orders.
3. Diversify your portfolio.
4. Follow market news and trends.
5. Never invest more than you can afford to lose.
6. Avoid emotional trading.
7. Use technical analysis tools.
8. Stick to a trading plan.
9. Keep learning and updating your knowledge.
10. Monitor your trades regularly.
#bbusdt $BB
#BBUSDT is making another attempt to break through the resistance level. Traders should be vigilant and always place a stop-loss to mitigate potential losses in case of a pullback. Monitoring market conditions and adjusting strategies accordingly is crucial for managing risk and optimizing potential gains.
#BBUSDT is making another attempt to break through the resistance level. Traders should be vigilant and always place a stop-loss to mitigate potential losses in case of a pullback. Monitoring market conditions and adjusting strategies accordingly is crucial for managing risk and optimizing potential gains.
#bbusdt
$BB
Target $0.712:
- Breakout above current resistance.
- Driven by positive market conditions and increased buying volume.
Target $0.935:
- Continued bullish sentiment.
- Supported by technical indicators (e.g., moving averages, RSI).
Target $1.12:
- Strong bullish trend and significant breakout.
- Major positive catalysts like market rallies or favorable news.
Trading Guidance Always Use Stop-Loss:
Stop-Loss Orders: Set a stop-loss to limit potential losses. This automatically sells your position if the price drops to a predetermined level.
Stop-Limit Orders: Similar to stop-loss, but adds a limit price to ensure you sell at or above a certain price.
Trailing Stop-Loss: A dynamic stop-loss that moves with the price, allowing for profit capture while protecting against downside.
$BB
Target $0.712:
- Breakout above current resistance.
- Driven by positive market conditions and increased buying volume.
Target $0.935:
- Continued bullish sentiment.
- Supported by technical indicators (e.g., moving averages, RSI).
Target $1.12:
- Strong bullish trend and significant breakout.
- Major positive catalysts like market rallies or favorable news.
Trading Guidance Always Use Stop-Loss:
Stop-Loss Orders: Set a stop-loss to limit potential losses. This automatically sells your position if the price drops to a predetermined level.
Stop-Limit Orders: Similar to stop-loss, but adds a limit price to ensure you sell at or above a certain price.
Trailing Stop-Loss: A dynamic stop-loss that moves with the price, allowing for profit capture while protecting against downside.
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