Rare PUMP pattern. Look for a "Base" on BTCð
Every trader want to catch the pumps because only in this situation you can get the highest RR. In this educational idea we will talk about pattern which help you to identify upcoming pumps. It`s a base pattern.
"Base" is consolidation pattern which is forming at the market bottom and a part of famous cup and handle pattern. "Base" is acually a copy of cup and it`s lead to PUMPâ when the price break up this pattern.
ð Why base is important for the long tradersâ Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"!
ð Why the formation of the base leads to PUMPâ As i said the base is the consolidation pattern where the big players can accumulate enoughâ liquidity from scared retail traders.
ðĨIn the most cases the base forming at the market bottom when the biggest part of traders think that crypto continue to DUMP and sell their crypto at loss or at breakeven. But who buys this huge amount of crypto? Of course this is someone who don`t scare - the big players.
ðĨAdditionally, the price "compresses like a spring" in consolidation range and when the crypto break up the base the "spring uncompresses" and PUMP begin.
ð What indicator helps to identify the base and upcoming PUMPSâ This is a basic volume indicator. The volume growth helps you to identify the bottom. A lot of crypto sells by retail traders and the volume bars grows.
ð What timeframes should you use to have beggiest winrate (80-90%)â The higher the timeframe the better, especially for beginners:
1ïļâĢ 4h
2ïļâĢ 1d
3ïļâĢ 1w
ðĐYou need to have experience and complete scalping studying to identify PUMPS at lower timeframes (5m, 15m, 1h).
Look for the "base" on the higher timeframes then move to lower timeframes to have clear understanding of this pattern and find the best entry point. I use the trandline breakout to open a long before the pump. Maybe, you will share your tools to open a long before a pump?
ðĐTraders, do we have the base on BTC nowâ Are retail traders scared and think that BTC will fall lower? Let`s discuss it in the comment!
ðŧFriends, press the "like"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
"Base" is consolidation pattern which is forming at the market bottom and a part of famous cup and handle pattern. "Base" is acually a copy of cup and it`s lead to PUMPâ when the price break up this pattern.
ð Why base is important for the long tradersâ Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"!
ð Why the formation of the base leads to PUMPâ As i said the base is the consolidation pattern where the big players can accumulate enoughâ liquidity from scared retail traders.
ðĨIn the most cases the base forming at the market bottom when the biggest part of traders think that crypto continue to DUMP and sell their crypto at loss or at breakeven. But who buys this huge amount of crypto? Of course this is someone who don`t scare - the big players.
ðĨAdditionally, the price "compresses like a spring" in consolidation range and when the crypto break up the base the "spring uncompresses" and PUMP begin.
ð What indicator helps to identify the base and upcoming PUMPSâ This is a basic volume indicator. The volume growth helps you to identify the bottom. A lot of crypto sells by retail traders and the volume bars grows.
ð What timeframes should you use to have beggiest winrate (80-90%)â The higher the timeframe the better, especially for beginners:
1ïļâĢ 4h
2ïļâĢ 1d
3ïļâĢ 1w
ðĐYou need to have experience and complete scalping studying to identify PUMPS at lower timeframes (5m, 15m, 1h).
Look for the "base" on the higher timeframes then move to lower timeframes to have clear understanding of this pattern and find the best entry point. I use the trandline breakout to open a long before the pump. Maybe, you will share your tools to open a long before a pump?
ðĐTraders, do we have the base on BTC nowâ Are retail traders scared and think that BTC will fall lower? Let`s discuss it in the comment!
ðŧFriends, press the "like"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Get access to the private club with VIP signals ð bit.ly/Biko_ViP
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube_Lessons
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube_Lessons
