A happy new year (2023) with this Bitcoin analysis from ForexLive.com

Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume,. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends.

Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease, or consolidation. Head-and-shoulders pattern, triangles, flags and pennants are typical chart patterns.

Many times, in technical analysis we’ve also got ‘key levels’, or key price levels: Important price level is a chart point where the price has found support or resistance and/or it is expected, in a probability of more than 50% (and hardly more than 85%), that these price points will expedite new and inrcreased market participation. On the mechanical under the hood, there are buy and sell orders that are typically waiting above and below key levels. So, these levels may be used to determine entry
Entry

In financial trading, an entry is simply the point at which a trader enters the market by either buying or selling a certain asset. Entries have two attributes, i.e. the price at which the trader entered, and the time at which the trader entered.There are a number of different types of entry in trading. The most common one is the Market Order. A market order is a manual order, which allows the trader to enter the market virtually immediately upon demand, at the current market price. A trader typically executes this by clicking on a buy or sell button on their broker’s platform, which displays the bid or ask price.The other two types of entries are pending orders, known as a stop entry order, where the trader buys above or sells below the current price, and a limit entry order, where the trader buys below or sells above the current price. Understanding Entries With regards to a stop entry order, there are two types, known as a buy stop entry order, and a sell stop entry order. A buy stop order is a pending order that is pre-set by the trader on a broker platform, which is a command to automatically buy an asset at a specific price above the current market price, should the price of that asset reach that point. A sell stop order is a command to automatically sell an asset at a specific price below the current market price, should the price of that asset reach that point. Concerning a limit entry order, again there are two types. First, a buy limit order is a pending order pre-set by the trader on a broker platform. This command automatically buys an asset at a specific price lower than the current market price, should the price of that asset reach that point. A sell limit order is a command to automatically sell an asset at a specific price higher than the current market price, should the price of that asset reach that point.With all pending entry orders, if price does not happen to reach the specified price, the orders are not executed. Some traders also apply a time limit for pending entry orders, so that if the price doesn’t reach a specified price within a certain time period, the order is cancelled after that time period expires. Pending entry orders are useful since a trader cannot be at one’s trading terminal at all times, so they are executed automatically in the trader’s absence. However, the disadvantage is that because the trader isn’t monitoring the market, there could be a nasty surprise upon arrival.TBC

In financial trading, an entry is simply the point at which a trader enters the market by either buying or selling a certain asset. Entries have two attributes, i.e. the price at which the trader entered, and the time at which the trader entered.There are a number of different types of entry in trading. The most common one is the Market Order. A market order is a manual order, which allows the trader to enter the market virtually immediately upon demand, at the current market price. A trader typically executes this by clicking on a buy or sell button on their broker’s platform, which displays the bid or ask price.The other two types of entries are pending orders, known as a stop entry order, where the trader buys above or sells below the current price, and a limit entry order, where the trader buys below or sells above the current price. Understanding Entries With regards to a stop entry order, there are two types, known as a buy stop entry order, and a sell stop entry order. A buy stop order is a pending order that is pre-set by the trader on a broker platform, which is a command to automatically buy an asset at a specific price above the current market price, should the price of that asset reach that point. A sell stop order is a command to automatically sell an asset at a specific price below the current market price, should the price of that asset reach that point. Concerning a limit entry order, again there are two types. First, a buy limit order is a pending order pre-set by the trader on a broker platform. This command automatically buys an asset at a specific price lower than the current market price, should the price of that asset reach that point. A sell limit order is a command to automatically sell an asset at a specific price higher than the current market price, should the price of that asset reach that point.With all pending entry orders, if price does not happen to reach the specified price, the orders are not executed. Some traders also apply a time limit for pending entry orders, so that if the price doesn’t reach a specified price within a certain time period, the order is cancelled after that time period expires. Pending entry orders are useful since a trader cannot be at one’s trading terminal at all times, so they are executed automatically in the trader’s absence. However, the disadvantage is that because the trader isn’t monitoring the market, there could be a nasty surprise upon arrival.TBC
Read this Term and exit locations for trading.