Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
BTCUSDT Trading Strategy: Today, BTCUSDT continues to move within a long-standing downward price channel, with prices hovering around the $60,000 mark. It is anticipated to experience further declines and adjustments if the price channel is not breached by the Bullish side. My idea is that BTCUSDT will follow the analysis on the chart. How about you? What are...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
BTCUSD Trading Strategy: BTCUSD has recently broken out of the strong support zone at $63,000 as marked on the chart. In the short term, this cryptocurrency continues to favor sellers as signals from EMA and resistance levels support new selling waves, with profit-taking around the $61,000 area as the Bearish side begins to control the trend! Wishing you happy...
Judging from the daily chart, the price has fallen below the 50-day moving average, and the 10-day moving average and the 20-day moving average have formed a cross, indicating that short selling will continue in the short term. Bitcoin is in a short-term downward trend after falling below the important resistance level of 63,000 yesterday. Today the price...
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!! Thank you for watching Follow me for more crypto analysis
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Hey traders, what's your take on XRPUSDT today? In my personal view, XRPUSDT seems to be under the control of sellers, with carefully observed support factors from the chart. I continue to advocate for trend-following selling strategies with hopes that prices will move as analyzed. Stay tuned for precise entry points, I'll update the post regularly to keep you...
Hello, Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups. 1: Structure drawing Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Hello traders, what are your thoughts on SOLUSDT today? As of the latest update, SOLUSDT has lost nearly 2% for the day and is trading steadily around $145.83. Looking at the overall trend on the 1D chart, it seems that the downward momentum is somewhat restrained, but accumulation behavior is still ongoing. There hasn't been much significant movement in price...
I've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle. It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life. The best entry would be from the...
After 3 Days of Strong price increase Pressure on RSI level , reaching to neckline needs to have some rest on Fibo236
Hello traders ! Upon reviewing the Bitcoin chart in the weekly timeframe (logarithmic), we observe that after the price dropped to $56,000, it encountered demand as expected, presenting an attractive buying opportunity to purchase at a discount. The return on this analysis from last week until now has been over %15, and the price was able to rise from $56,000 to...
BINANCE:TRBUSDT finds its buyer. A breakthrough of the downtrend resistance is formed and the accumulated potential is realized. The probable target may become the area of 150-160. The retest of the bottom forms a strong enough medium-term reversal pattern - double bottom. A buyer appears on the market, which is generally seen in candlestick patterns and price...
Hello, dear friends! 🩷In your opinion, does the price formation look like it's heading upwards or downwards?🧐 Let's disregard the halving event and the moonshot hype. 🤷🏽♀️To be honest, in 2020 everything seemed quite obvious to me: 🟢there was significant accumulation; 🟢all possible indicators were giving bullish signals; 🟢chart patterns were also quite...
Previous resistance is now holding as support. Looks like we will have a breakdown from the breakout point. We have mapped our retracement price targets in descending order. Bearish Stochastic crossover Negative RSI Are you shorting Altcoins
Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles),...