MartyBoots here. I have been trading for years and I am here to share my ideas with you to help the Crypto space. DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now Crypto Is Very Bullish right now should move a lot higher This market has potential parabolic structure If you want help trading Bitcoin or any other ALT coins hit me up, We will. 2 days ago · Bitcoin USD advanced cryptocurrency charts by MarketWatch. View BTCUSD cryptocurrency data and compare to other cryptos, stocks and 24crypto.de: $22, 2 days ago · A Guide to Day Trading Bitcoin & Other Cryptocurrencies This trading guide is designed to help day traders navigate the cryptocurrency market with control and confidence and is .
Bitcoin day trading chartBTCUSD — Bitcoin Chart and Price — TradingView
Another human flaw to point out is not being able to react quickly enough. Trading bots never make erratic decisions because a predetermined algorithm dictates every action.
Also, when it comes to day trading, timing is key. Bots can react to data and execute transactions in a matter of seconds. However, a trading bot is as good as the technology behind it. When you choose the automated trading platform by 3commas, you get a robust platform, with no downtime and technical hiccups.
And considering you can share and learn strategies, indicators, and settings with other traders in the community, your trading improves even further. All trading charts show data points for the past and current price movements. A Bitcoin day chart focuses on its price action for a specific day. You can also view changes within a specific timeframe, which helps traders make more informed decisions. Whilst there is no shortage of line and bar charts, one of the most valuable types is the candlestick chart.
It offers plenty of valuable information in a concise form. Here is what the chart can tell you:. There is a lot more information to extract, which will hold significance in your trading.
Trends show the momentum of Bitcoin price changes in a particular direction. You can identify these patterns on a chart and make decisions based on that data. Peaks in an uptrend and throughs in a downtrend form a trend channel, which is a commonly used concept in the technical price analysis.
The channels show where Bitcoin is trading at a particular time and compares it to the overall direction. Price changes are not linear. That is why technical chart analysis utilizes levels of support and resistance — they showcase short-term trends within the overall trend. Resistance shows where an upward trend is expected to pause or rebound. That means that there are many buyers concentrated at that time.
Resistance can be used as an exit point for a transaction. A level of support can be used to predict where a downward trend can pause or rebound. This can be used as an entry point. Market orders are the fastest way to enter or exit a trade at the best price available at the time.
However, instant execution means that the price becomes secondary. When you place a limit order, it will only be triggered once Bitcoin reaches the price you set. Thus, you may get a better price if you are patient enough. Bear in mind that the price should be profitable for you but still realistic.
The limit order will not be executed until there is a seller or sellers willing to accept the price that matches yours. If the market price is lower, it simply will not execute your order. Here are the benefits of limit orders:. However, some aggressive trading techniques do not suit limit orders.
In situations when fast execution is more important than the price difference, you should opt for market orders. When you are day trading, the activity on the exchange occurs very sporadically. Before you commit to any exchange, take your time to fully explore its functionality and thoroughly evaluate the drawbacks. Here are the best crypto exchanges for Bitcoin day trading:. Many traders shared their experiences about their psychological struggles that have caused them losses. If you want to avoid quietly sabotaging your trading profits, adopt the right mindset:.
Trading cryptocurrency for profit is a difficult craft in itself. As you can see, future Bitcoin day traders have a lot of learning to do — from the technical aspect of this industry to controlling their emotions.
What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle..
Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect This is a quick short-term update on Bitcoin.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0. Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema.
I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance.