Mehrad (mrmehrad99)

#BTC made its weekly closing with a Strong bullish body and also a big rejection wick. The good point is price Weekly candle sustaining above the zone. Normally, price right now testing the resistance in LTF H4 and hodling. Looks like price might take a deep retest again back to support areas around nearby $67,000.

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📌 Over the past week, inflows into the Bitcoin ETF hit a 2-month record high of $1.06 billion. BlackRock's IBIT remains the leader.

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📍In school we are taught that if we fail we are losers in trading failure means that you have learned something valuable for next time. 📍Losing makes you mentally stronger and a better trader. 📍Mistakes teach and money making traders have made plenty of mistakes. What do you think ? #Psychology #Education

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(Trend line strategy) 📍Break and Retest: After the price breaks the trend line, it returns to it and then continues to move in the direction of the trend. 📍Support and resistance levels: Prices tend to stop or reverse at these levels. 📍Entry and exit points: Trend lines can show the right points to enter

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(Ichimoku analysis) 📍Kijun Sen line: 26-day average of price 📍Tenkan Sen line: 9-day average of price 📍cloud line: This cloud consists of two lines called Senkou Span A and Senkou Span B. These lines represent potential support and resistance ranges. 📍signals: The intersection of Kijun Sen and Tenkan Sen.

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(Classic patterns strategy) 📍Price action generally follows a repeating pattern 📍Reversal patterns are seen at the end of the trend and when the market is about to change direction 📍Continuation patterns indicate that prices are continuing their current trend. ⬇️

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