Daniel | Pro Spot Trader
3yrs experience š On the path to masteryš
Writing my own legendš
no futuresš«
$1M goalšÆ
Follow for smart & focused tradingš
Yes, definitely my brother, especially if it returns to the entry area. It is important to stick to the goals and be prepared to lose that amount. Good luck, it is not far from the entry area.
Whoever fears Allah, He will make a way for him and provide for him from where he does not expect, and He will compensate him with better than what he was thinking. Congratulationsš
ROKIO
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Thank God brother and sister please please don't use the future trades the spot trades is the best
In the attached chart (daily timeframe), we observe:
ā A clear breakout from the downtrend line after several failed attempts.
š The price is currently above the breakout area, with an ideal confirmation candle (Retest) ā which reinforces the likelihood of continued upward movement.
š The analysis indicates that the market has entered an upward wave after breaking the downtrend.
ā You can enter after the retest; those who are afraid of missing the opportunity can enter directly, and the target is optional.
š¬ Do you think Bitcoin is really on its way to breaking 100K? Share your opinion in the comments š
š The Cup and Handle pattern is forming on Bitcoin! The image illustrates a clear formation of the "Cup and Handle" pattern, which is considered one of the strongest continuation patterns in technical analysis.
ā The Cup: Represents a long accumulation phase with a rounded bottom, which we are currently witnessing in the area shaded in blue.
The Handle: The part that comes after the cup, and a slight corrective movement is expected before the breakout.
ā The pattern indicates the possibility of breaking resistance and launching towards new targets ā perhaps towards levels of $100,000 and beyond! $BTC
š We are now at the end of the cup formation, as shown in the drawing, and we expect the handle to form soon followed by an upward movement.
From 50% to 130%, then a 360% explosion... and now, all indicators indicate that we're on the cusp of a new surge that has reached +140%!
The chart is clear, and every upward wave was preceded by a period of calm and confidence from those who understand the game!
But there's a very important point to note: Every previous surge began after a clear downtrend break! The price adhered to the downtrend line for a period, and once it was broken, the price explosion began.
This pattern has been repeated more than once, strengthening the credibility of the upcoming movement.
Dogecoin continues to prove that it's not just a meme, and with each cycle, the opportunity becomes closer and clearer.
The market can deceive, but the chart doesn't lie... So, are you ready to be one of those celebrating at Party Number 04? The decision is yours, and the opportunity is just beginning.
ā«ļø Technical Analysis: Bullish Channel Pattern on Weekly Frame
ā«ļø As shown in the image, the BTC/USDT pair has been moving within a clear bullish channel since the beginning of 2024. Currently, we are witnessing a bounce from a strong support area (BREAKER BLOCK), with the potential for continued movement within the channel towards higher levels.
ā«ļø According to the pattern, the price could target areas exceeding $125,000 if it continues to respect the bullish channel. The likely scenario indicates a gradual rise interspersed with healthy corrections before completing the upward path.
We are now at a pivotal point... will the channel hold?
The Wyckoff Accumulation Model is one of the most powerful classic models for analyzing market behavior and building smart buying positions.
In the images, there is a chart labeled OTHERS. D, which refers to alternative currencies excluding Bitcoin and Ethereum, specifically during the bull market and similar situations. Currently, the Wyckoff Accumulation model has been observed, and if it is accurate, this could be the launch, God willing, as we are in phase C. A false breakdown of the previous historical low has occurred, further indicating it is a Wyckoff model.
What should be taken from this topic is to start accumulating from these areas in some strong currencies and do not exit unless we close daily below 7.73% with minimal losses, and sell at the highest peak when the herd enters and the whales exit.