"Bitcoin (BTC) Poll What do you think will happen to Bitcoi | mjtraveling_heart on Binance Square

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"Bitcoin (BTC) Poll
What do you think will happen to Bitcoin's price today?
Cast your vote 
#bitcoin  #Cryptocurrency  #MarketSentimentToday 
BTC
87,848.69
+3.54%

Rise above

47%

Fall below

39%

Remain stable

13%

Share your thoughts in comment

1%

216 votes • Voting closed

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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The concept of smoother market movements within a trend correction underpins trend continuation patterns like the Flag, the Wedge, and the Pennant. While these patterns differ in technical analysis, they share many similarities. Each requires trend correction and has similar instructions for entry point, Stop Loss, and Take Profit. In everyday trading, it's common for traders to interchangeably refer to a Pennant or a Wedge as a Flag. The basic strategy for these figures within a bullish trend is similar and requires the following actions • Set the entry point where the higher boundary of the pattern breaks out. • Place Stop Loss below the lowest point inside the pattern's body. • Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position. • Place Take Profit based on your strategy. It can be a fixed price level, the nearest local maximum, or could be equal to the height of the previous movement. #TrendingPredictions #BinanceLaunchPool🔥 #Learn #chartpattern

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The market doesn't operate with absolute certainty. However, analysts state that a trend movement is more abrupt, while corrections tend to move smoother. This phenomenon often precedes significant news or events. The market pauses and waits for crucial insights. #MarketAnalysis #BTC #KnowledgeIsPower #LearnFromMistakes

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When a trader spots an ongoing trend, there's often uncertainty about placing an order. Will the trend remain, or will the next candlestick mark its end? Trend continuation patterns shed light on the best moments to enter the market when the trend continues. They can ensure the entry point is correct and the current trend will continue. #KnowledgeCrypto #learn2earn #Binance #btc

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