šØ LEARN THIS CANDLES PATTERNS CHART THEN YOU WILL NEVER FACE LOSSES IN TRADING š„š
This chart categorizes patterns into four groups: Continuation, Neutral, Reversal, and Special. Each pattern helps traders identify potential market movements.
1. Continuation Patterns (Trend is likely to continue)
These patterns suggest that the price will keep moving in the same direction.
Pennant ā A consolidation phase before a trend continuation.
Megaphone ā Price movement widening with higher highs and lower lows. Bearish Flag ā A small upward retracement in a downtrend before continuing lower. Bullish Flag ā A small downward retracement in an uptrend before continuing higher. Channel ā A price range moving consistently within two parallel trendlines.
2. Neutral Patterns (Can break in either direction)
These patterns indicate uncertainty and require confirmation.
Symmetrical Triangle ā A pattern where price converges, leading to a breakout in either direction. Descending Triangle ā Typically bearish but can break upwards if strong buying pressure exists. Ascending Triangle ā Typically bullish but can break downward in certain conditions.
3. Reversal Patterns (Trend is likely to change)
These patterns signal the end of a trend and the start of a new direction.
Diamond ā A formation where price volatility increases before reversing. Livermore Cylinder ā A pattern indicating a potential breakout and reversal. Double Top ā Two equal highs suggesting strong resistance and a bearish reversal. Double Bottom ā Two equal lows signaling strong support and a bullish reversal. Head & Shoulders ā A bearish reversal pattern with three peaks, the middle being the highest. Cup & Handle ā A rounded bottom with a smaller dip, often leading to a bullish breakout.
4. Special Patterns (Unique formations with strong signals)
Falling Wedge ā A narrowing price range signaling a bullish breakout. Rising Wedge ā A narrowing price range suggesting a bearish breakdown. Gartley ā A harmonic pattern used in advanced trading strategies. Cypher ā A complex price formation used in harmonic trading.
Key Trading Tips (From the Chart)
ā Wait for opportunity ā Avoid impulsive trades.
ā Never FOMO/Panic trade ā Fear of missing out leads to mistakes.
ā Set stop-loss orders ā Manage risk properly.
ā Trade with affordable risk ā Only risk what you can afford to lose.
ā Use indicators & studies ā Confirm patterns before trading. Here is the chart pattern image š IF you find the post helpful then please like share and comment on it thankyou ā„ļø
Why #Btc is still No.1? The total supply of Bitcoin is capped at **21 million coins**, as defined by its creator, Satoshi Nakamoto. This hard limit is enforced by Bitcoin's underlying code and cannot be changed without overwhelming consensus from the network.
### **When Will All Bitcoin Be Mined?** Bitcoin is released gradually through a process called **mining**, where miners validate transactions and are rewarded with new BTC. The rate of new Bitcoin creation is halved approximately every **four years** in an event called the **"halving"**.
- **Current block reward (as of 2024):** 3.125 BTC per block (after the April 2024 halving) - **Next halving (expected):** ~2028 (block reward drops to 1.5625 BTC)
Based on the current emission schedule, the last Bitcoin is expected to be mined around the year **2140**. After that, miners will only earn transaction fees (no new BTC will be created).
### **Key Points:** 1. **~19.7 million BTC** have already been mined (as of 2024). 2. The remaining ~1.3 million BTC will be slowly released over the next ~116 years. 3. The final Bitcoin will likely be mined in **2140**, but due to rounding effects, the last fractions may take even longer.
#Bitcoin 23 Day Moving Average fell below the 200-Day Average, forming a 'Death Cross'. Despite this #BTC rose 3.8% to over $88,000, nearing the declining 50-Day Average Buy.
Why the Trump administration should be watching the bond market? The US government is at risk of defaulting by August unless the debt ceiling is raised or suspended. Rachel Snyderman, Bipartisan Policy Center managing director of economic policy, joins Catalysts to discuss the importance of monitoring the bond market in relation to the debt ceiling, emphasizing how even the potential for a government default can impact markets. #TrumpNFT #USGovernment