Bitcoin is currently trading within a symmetrical triangle pattern, with prices holding above the trendline support. A rebound from this support level, accompanied by a decisive breakout of the triangle, would provide a bullish confirmation signal. Conversely, a sustained breakdown from the triangle would indicate a market correction.
Traders and investors are advised to closely monitor the price action and adjust their strategies accordingly, as a breakout or breakdown from the triangle could potentially lead to significant price movements."
"The majority of cryptocurrency investors lack a clear strategy for selling their assets, leading to missed opportunities and demotivation. In this article, we'll explore effective profit-booking strategies to maximize gains in this bull run.
Firstly, having a take-profit strategy is crucial in the fast-paced crypto market, where significant gains can quickly evaporate. Setting predefined target prices for selling portions of your holdings is a basic yet effective approach. However, blindly using fixed targets without adaptability can result in missed gains or substantial losses.
To enhance your profit-taking approach, consider the following expert tips:
1. Scale out of positions across multiple incremental targets, allowing continued upside exposure while realizing gains. 2. Trail protective stop-loss orders upwards to lock in gains, but avoid premature stop-outs by using patience and wiggle room. 3. Monitor price action and indicators for signs of trend exhaustion, then prudently take profits. 4. If the overall crypto market appears shaky, stabilize your portfolio by taking some profits off the table, with the option to re-enter during dips. 5. Rebalance by rotating profits into stable placeholder assets like USDT, UST, or BTC, reducing risk while remaining invested in crypto's growth.
Beyond technical tips, market psychology and discipline are essential. Remember:
- Don't stress about not selling at the exact peak; profit-taking requires flexibility. - Think long-term; compounding moderate gains outperforms sporadic home runs. - Learn from successes and mistakes; review outcomes dispassionately to improve your profit-taking skills.
Profit-taking is not about perfectly timing every top; it's about steadily accumulating gains to reach your financial goals despite day-to-day volatility. With the right mindset and strategies, you can build life-changing wealth in the market."
"Break free from the exhausting pursuit of short-term crypto gains! Instead of recklessly chasing pumps and risky bets, adopt a more intelligent strategy for this market cycle. Focus on long-term potential and zoom out to weekly charts for a broader perspective. Identify projects with compelling narratives (such as Layer 2, Gaming, AI, or Privacy) that haven't yet experienced significant growth. Prioritize coins that haven't recently surged in price, and start accumulating these undervalued gems. In six months, you may be grateful for this strategic approach, which transforms your actions from gambling to informed investing. So, buckle up and stay committed to your strategy!"
"Bitcoin Surges Past $70,000, Liquidating $85 Million in Shorts
In a significant move, Bitcoin (BTC) has broken through the $70,000 barrier, causing a massive liquidation of short positions worth $85 million. This sudden upside strength has caught short sellers off guard, but some experts remain skeptical about the sustainability of the current price rally.
According to data from Cointelegraph Markets Pro and TradingView, the BTC/USD pair is attempting to consolidate its gains around key psychological levels. The cryptocurrency surprised investors with a sudden surge in the previous daily close, driven by repeated buying activity that pushed the market to nearly $72,000.
Statistician Willy Woo observed that bulls are now challenging overhead resistance levels that have been in place for over a month. This development has sparked hopes of a potential $100,000 price target for Bitcoin, although doubts linger about the longevity of the current uptrend.
TRB ( Tellor ) I would like to recommend you not to open your long position now as TRB has entered a new initial cut out level which may send him back to its new ristance below 80 so don't panic and just wait for like 24 hours to see the actual result. As your money is most important to you so you should have to take good care of it.
Success doesn't come overnight and I have lost my everything which I had and then my patience made my gateway Here Is the my first secret technique which will help you to lead Futures trading . I have even sold it for money guys and for you its free This technique works for the less volatile coins so keep in mind to use it in them. First of All divide your total balance in 3 parts 1st Part of your balance will be going in Futures and the remaining amount will go into spot or funding . Now choose any stable coin and do your analysis If you think the coin will go upwards then open a Long trade with 20 % of your total Futures wallet balance . Leverage must be to full which that coins offer This shall be a cross margin order Take profit will adjusted to 15 or 20 % and it is important to add your Take profit order Maintain your selling order 100 % it will help you stay into the game until your profit hits . I challenge you that you will win your 80 % orders . Dont be panic guys Follow if you need more content like this . like if you got some knowledge If you have any confusion you can ask.
Why You Don’t Hit Your Trading Goal! 🚨 Here’s a shocking truth: Over 90% of crypto traders quit in their first year! One of the main reasons is that they pursue the wrong goals. In most cases, people start trading because they want to make money (nothing wrong with that). They set goals like “I want to make 10k in 3 months” or “100k in one year.” The problem is that these are goals no one can control (even the world’s best trader couldn’t). Uncontrollable goals lead to uncontrolled actions. 👉 The result: Traders make wrong decisions, lose money, and ultimately stop trading. 💡Here’s a better way to do it: Successful people (not only in trading) usually focus on tasks, not goals. Don’t get this wrong. Of course, they have goals. But here’s the trick: They break down the goals into required tasks & focus on their execution. It’s a small yet essential perspective change. Let’s make this tangible 👇 Instead of focusing on making 100k, you break down this goal into required actions: For example: ‣ Educate about trading: 1h daily ‣ Build trading strategies: 2h daily ‣ Backtesting: 3 times/week ‣ Document and automate processes: 2h/week ‣ Journal your trades daily ‣ Analyze your trades once a week As a next step, you continue focusing on the execution of the actions, tracking, monitoring, and improving them. This might sound boring, but it is exactly what you must do. Alex Hormozi once said: Extraordinary accomplishments come from doing ordinary things for extraordinary periods. And this is precisely what will happen if you consistently execute the defined tasks. You will reach the overall goal. Summarized, here’s what you need to do to reach your trading goal: ✅ Set a goal ✅ Break it down into actionable tasks ✅ Execute the tasks consistently ✅ Celebrate your success! If you want to be one of the crypto traders who don’t quit, you can check out Crypto OS. It’s the platform I developed based on the mistakes I made. It contains data-driven trade signals, backtests, trading bots, and much more.
LONG🟢 REZ/USDT Entry 0.1470 Stop loss o.1450 Levrage 10x Take profits 0.1520 0.1530 Or reverse the game I am not your financial advisor take yours risks guys
My signals are based on technical analysis they do not have any connections with the emotions and feelings .
So plz don't panic while I post something because it is not the financial advice from my side .. Do your proper analysis and then trade. Follow if you are newbie and try to safe your investments.