๐$100 to $100k Challenge Update:
Crossed the 1000% mark in just 1 month! My starting balance has skyrocketed from 100 to an astounding 1100 $USDT. Luck was on my side as I started on this challenge just as $BTC soared to $45k, providing us with a surge of beneficial volatility.
Highlighting this month's most significant movers as they climbed new highs:
$ETH: +23%
$ROSE: +56%
$MATIC: +46%
$DOT: +58%
$FXS: +38%
$IOTA: +52%
Imagine being part of this exceptional journey; it's not just trading, it's making history.
Don't miss out on what comes next as we aim even higher. Keep your eyes peeled โ the next update could be the golden ticket you've been waiting for!
$FTM Watch: Holding the Line - FTM is at a critical support level, key for a potential price retest.
But we must be cautious with Bitcoin's trajectory. If $BTC continues lower, don't set high expectations for this support zone.
Stay alert, as things have been looking uncertain
$BTC failed to maintain above $48,000 and has retreated to the lower range of its rising wedge.
Eyeing a potential short trade if we see a continued downward break.
Hey guys!
The charts have shown limited opportunities, marked by uncertain movements and notable signs of market skepticism.
As better traders, we must remember the principle of restraint, which means avoiding the urge to force trades in unfavourable conditions.
Instead, we exercise patience, allowing the right opportunities to present themselves.
Remember that this disciplined approach will always be the key to profiting from this market.
Looks like #Altcoins will have 'ping-pong' movements within the high and low range of the current parallel channel for the coming days. #Altseason
A breakthrough above the range high is needed before another major upward move for most alts... so be on the lookout.
The three pillars that shape a traderโs journey:
Mastering Trading: A Journey of Time - Remember, even the world's top traders took years to perfect their skills. Patience is key in the path to consistent trading success.
Embrace Failure in Trading - Unlike traditional education that focuses on avoiding failure, trading teaches us that setbacks are a vital part of the learning journey.
Treat Trading Seriously, Like a Business - It might sound obvious, but trading is a business and demands a strategic plan. Without it, how can you define your strategy, learn, or improve?
$BTC failed to maintain above $48,000 and has retreated to the lower range of its rising wedge.
Eyeing a potential short trade if we see a continued downward break.
#Bitcoin needs to sustain above $48,000 to aim for a breakthrough at $50,000.
However, heightened selling pressure here could lead us back to retest support around $45,000. $BTC
Given the uncertainty since reaching $44,000, I've been going for a more cautious approach.
I'm holding off on 'major market movers' until clearer confirmations emerge in this zone of high probability and ambiguity.
Trade Smart. Trade Responsibly!
- ๐
#Bitcoin needs to sustain above $48,000 to aim for a breakthrough at $50,000.
However, heightened selling pressure here could lead us back to retest support around $45,000. $BTC
Given the uncertainty since reaching $44,000, I've been going for a more cautious approach.
I'm holding off on 'major market movers' until clearer confirmations emerge in this zone of high probability and ambiguity.
Trade Smart. Trade Responsibly!
- ๐
#Bitcoin's weekly candle has closed above the critical $30-31k zone. This signals strong bullish momentum.
I've marked the next resistance levels for Bitcoin. Breaking above each will set the stage for a bullish end to the year.
Those who managed to buy $BTC under $25k can now sigh of relief. The likelihood of prices revisiting that range has lessened.
BUT, while Bitcoin shows promise, it's important to remember the broader global context.
The world's economic and political landscape currently remains very uncertain, which can influence the market for better or for worse..
Trade Sharp.
Trade Responsibly.
#Moonvember ? ๐
๐จ $BTC Closely watch the imminent formation of the Golden Cross on the weekly tf, a key bullish signal where the 50-day MA crosses above the 200-day MA.
This could be a significant shift in market momentum. Traders, stay tuned for this development.
On the 1-day timeframe, $GMT faces a crucial level. A confirmed close above the current resistance level is key for it to continue its upward trajectory. Keep an eye out for this potential break.
๐ $BTC Key Levels Alert:
Focused on the .5 and .618 Fibonacci levels for #Bitcoin 's broader outlook.
For BTC's upward trajectory, maintaining above the .5 level is crucial.
A dip below could be trouble. Keep a close watch.
$BTC.D For those who want Altcoins to perform better:
Anticipate a potential bearish retest at the key trendline.
Altcoin traders, stay aware; this could signal further pumps and outperformance for alts.
Trade Smart. Trade Responsibly!
- ๐
๐ $BTC.D Update:
Following up on my last #Bitcoin Dominance analysis, BTC.D has now broken down from its critical trendline.
This shift has paved the way for a notable uptrend in altcoins. For traders eyeing the altcoin trend, it's crucial to monitor BTC.D's chart to see if it will start to recover, or if the decline will continue, potentially fueling further altcoin rallies...
Turn on your notifications to stay updated! ๐
๐จ๐ณ Chinaโs top newspaper calling for the government to kill crypto is a reminder of the delicate balance between innovation and regulation.
We must approach these situations with precision, understanding that regulatory shifts can be as impactful as market trends.
#China's moves underscore crypto's global influence and the need to adapt our strategies to the evolving landscape.
https://t.co/ZU2gh7m9UH
$YGG Breakout Alert:
YGG is set to exit its accumulation phase, targeting a break above the pivotal 0.55 resistance area.
While the next resistance levels appear ambitious, YGG is at a potential catalyst point, opening the door to significant possibilities.
But keep a close eye on $BTC's upcoming movements, as recent market volatilityโunderscored by yesterday's sharp sell-offโadds an element of unpredictability to the crypto landscape.
Trade Smart. Trade Responsibly.
-๐