WBTC

On the BTCUSD chart, a significant anomaly has been identified, where the price displays an extremely low value due to a bug. Historically, such events often act as psychological 'magnets,' leading the price to retrace toward these levels over time. However, this isn't guaranteed, and caution is advised when interpreting these signals.Key Observations:1. The chart suggests a potential rejection near the $100,000 psychological resistance, which could trigger a major downward move.2. The anomaly indicates a possible retrace to test the $29,753 - $25,093 support zone, with a worst-case scenario hitting the $5,209 bug low.3. Traders should watch for confirmation of bearish momentum around key resistance and support levels before entering any trades.Trading Strategies:Short Positions: Look for rejections near $100,000 or breakdowns below the $29,753 support level.Long Positions: Consider potential bounces around the $29,753 or $25,093 levels for high-risk entries.Disclaimer:This analysis is based on observed anomalies and past patterns. Always use strict risk management and confirm trades with additional indicators.

**** WBTC WILL BE DEPEGGED ON OCTOBER 8TH ****BitGo has entered into a controversial partnership with Justin Sun. Anything Justin Sun has touched, has gone to ZERO. On October 8th, Justin Sun will have control/custody over Wrapped Bitcoin. When Justin Sun took over Huobi BTC, it depegged immediately. The same thing will happen to Wrapped Bitcoin on October 8th. If you have WBTC, you have a very limited time window to take a measure and protect your capital. WBTC will not be 1:1 backed by BTC starting October 8th.

Trading Rules--------------------------------------------------------------------Risk Management:Use only 1% of your total capital for each trade.(You Can Enter Trades on Multiple Coins This Way)Example:With $1,000 capital, use $10 per trade.With $2,000 capital, use $20 per trade.With $5,000 capital, use $50 per trade.With $10,000 capital, use $100 per trade.--------------------------------------------------------------------Profit Targets (TP):Set three profit targets for each trade:1st TP: Exit 25% of the number of coins bought at a 5% profit.2nd TP: Exit another 25% of the number of coins bought at a 10% profit.3rd TP: Exit an additional 25% of the number of coins bought at a 15% profit.Trailing Exit: Let the remaining 25% of the number of coins bought ride with a trailing stop to maximize potential gains.Optional: You can Move your Stoploss to Entry/Breakeven After the 1st TP is Hit--------------------------------------------------------------------Example with $10,000 Capital:Position Size: Use $100 per trade (1% of $10,000).Profit Targets with Imaginary Figures:Assume you buy 1,000 coins with $100 at $0.10 per coin.1st TP (5% profit): Exit 250 coins at $0.105 per coin.Profit: 250 coins x $0.105 = $26.25.2nd TP (10% profit): Exit 250 coins at $0.11 per coin.Profit: 250 coins x $0.11 = $27.50.3rd TP (15% profit): Exit 250 coins at $0.115 per coin.Profit: 250 coins x $0.115 = $28.75.Trailing Exit: The last 250 coins remain open and are exited when the trailing stop is hit or the candle closes below the trailing stop. If exited at $0.15 (50% profit):Profit: 250 coins x $0.15 = $37.5.Total Profit:From all TPs & Trailing Exit: $1.25 + $2.50 + $3.75 + $12.50 = $20.--------------------------------------------------------------------Final Note:This strategy manages risk by using only 1% of your capital per trade and gradually locking in profits while allowing room for bigger gains with the trailing exit. If you have any questions, feel free to reach out to us using the links below.--------------------------------------------------------------------The Benefits of Partial Exits in Trading: Managing Risk, Reward, and EmotionsExiting positions partially at different take-profit (TP) levels helps manage risk in several ways:1. Locks in Profits Early: By closing 25% of your position at the first TP (5%), you secure some profit early in the trade. This reduces the pressure to be right about the entire trade and ensures you gain something even if the trend reverses later.2. Reduces Exposure: As you close portions of your position at the 10% and 15% TPs, you gradually reduce your exposure to the market. This means that if the market suddenly moves against you, your losses will be smaller because you have already exited part of your trade.3. Balances Risk and Reward: By keeping a portion of your position open until the price closes below the trailing stop, you give yourself the chance to capture more gains if the trend continues. At the same time, by exiting partially at different TPs, you protect yourself from potential reversals.4. Emotional Management: Partial exits can help manage emotions during trading. Knowing you've already secured profits makes it easier to stick to your strategy without worrying too much about sudden market changes.Partial exits help you secure profits, reduce risk, and manage emotions, leading to a more controlled and potentially more successful trading experience.The Critical Role of Risk and Emotional Management in Successful TradingManaging risk and emotions is absolutely crucial in trading. Here’s why:1. Risk Management:   - Protects Your Capital: Effective risk management ensures that you don't lose more than you can afford on any single trade. This allows you to stay in the game longer and weather potential losses.   - Consistency: By controlling risk, you create a more predictable trading strategy. This helps you avoid large, unexpected losses that could significantly impact your trading account.   - Long-Term Success: Traders who manage risk well are more likely to achieve steady growth in their portfolio rather than suffering from large drawdowns that are difficult to recover from.2. Emotional Management:   - Prevents Impulsive Decisions: Trading can be highly emotional, especially when large sums of money are involved. Managing emotions helps prevent impulsive decisions, like chasing losses or abandoning a strategy out of fear or greed.   - Enhances Discipline: Sticking to your trading plan, even during challenging times, is easier when emotions are under control. This discipline is key to maintaining long-term profitability.   - Reduces Stress: Effective emotional management reduces stress, leading to better decision-making and a healthier trading experience overall.Successful trading requires both a solid strategy and the ability to manage risk and emotions effectively. Without these, even the best trading plans can fail.ALL LINKS BELOW👇🏻

Wrapped BTC (WBTC) has shown exponential growth in the last year with a 120% increase YTD.

WBTCUSD is currently forming a Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern, characterized by distinct price swings, is indicative of potential trend reversals or continuations. The completion of this pattern at Point D suggests a probable bullish momentum.Trendline Confirmation:Additionally, the price action is in alignment with a trendline, further reinforcing the bullish sentiment. The convergence of the Harmonic Pattern and the trendline adds strength to the potential upward movement.Key Support Level at Point D:Point D of the Harmonic Pattern coincides with a significant support level, increasing the probability of a bullish reversal from this point. This confluence of factors enhances the reliability of our analysis.Trade Setup:Entry: 64216Stop Loss: 59513Take Profit Targets:TP-1: 68786TP-2: 73522Rationale:The entry point aligns with the anticipated bullish momentum from Point D of the Harmonic Pattern and the key support level. The stop loss is strategically placed to limit potential losses in case of an unexpected market reversal.Conclusion:Considering the Harmonic Pattern formation, trendline confirmation, and support level dynamics, we anticipate a bullish movement in WBTCUSD with favorable risk-reward ratios. However, traders should monitor price action closely and adjust their positions accordingly to mitigate risks and capitalize on potential opportunities.

WBTUSDT WBTUSDT following trend higher highs and higher low

$BTC Nested Cup & Handles to ATH! BTC Nested Cup & Handles to ATH! Resistance Levels