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DYDX / Bitcoin

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DYDXBTC trade ideas

✳️ dYdX | Double Wedge With Double Bottom (222%+ Potential)Late last year the dYdX chart produced a falling wedge that led to a 160% bullish wave. This was a sort of reactionary wave, a bounce and thus it was followed by a very strong correction long in duration. We have the same falling wedge now but less steep with another bottom. The huge difference is the MACD indicator being many times stronger as well as the RSI. Based on these signals the bullish wave that is set to follow can be stronger than before, instead of 160%, it can go to 200% and beyond. Now, if it doesn't reach 200%, 150% is still pretty good specially if you consider that while this is happening, Bitcoin will be also going up. You get the multiplier effect for your earnings. Think long-term. My spot strategy is always to buy and hold. What about yours? Namaste.
DLong
by AlanSantana
Dydx/btcBouncing off long term supply zone here? Enough to break into a bullish chuvashov structure Would need to see continued push to expect this thing to gain any momentum here, Ftx ui perp trading remains a narrative after it managed to draw in 32bil valuation last bullrun But alts are pretty dead in the water down here after latest news cycle fud See how this structure plays out in the short term before expecting a return to range high or retesting the long term downtrend
Long
by oliver1234ol
1
✳️ DYDX Confirmed Support Leads To 130%+ PotentialMany signals here confirm support and support a higher high as the next target for DYDXBTC... Let's dive in. First, we have a higher low in January 2023 vs September 2022. Again in January we have the first break of MA200 (black line) as resistance. Earlier this month MA200 gets tested as support, three times and it holds. As it was tested for the last time yesterday, we see an uptick in buying pressure/increasing volume right after. The MACD and RSI both curving upwards and this is all pointing to higher prices. ✔️ These signals are pointing to 0.00023900 as the next target or 130%+ potential from the current price. This is a decentralized exchange (DEX) and it is set for growth. Invalidation happens after several sessions closing below MA200. Namaste.
Long
by AlanSantana
💡Don't miss the great buy opportunity in DYDXBTC !! %145Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.00015790). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DYDXBTC is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 39.65 Take Profits: TP1= @ 0.00020113 TP2= @ 0.00026755 TP3= @ 0.00037828 SL= Break below 0.00015127
Long
by srmustafabas