Cryptomarket
Optimism Buy Setup Optimism 1D Update
- Price is currently consolidating at the same range
- It will be interesting to see if it can break out of the range change the structure and move with huge volume.
- Accumulation Zone - 1.35.-1.45
- Targets - 1.8$, 2$, 2.7$
- I am bullish on OP for the long term I don't believe in a short-term move.
- Hold Period - 3-6 months.
BTC bullish breakout? As per CNBC report,
It is noted that BTC has Lowest Volume participation in Last 4 Years.
"The U.S. regulatory crackdown on crypto combined with the end of the banking crisis in May (which accounted for much of its year-to-date gains) drove market makers and traders away – and they haven't had a reason to return"
But after US 10 years bond yields report,
It is acting like Catalyst.
In amid uncertainty of global market, this sudden movement in the BTC price has been Observed.
It is likely to retraced back since volume participation is not much to an expectation.
Need to see if it hold above the upper trend line.
I hope we printed the money!! So folks,
the candles printed exactly the way I wanted them to see printing on the charts, I was ready for this. Took a very profitable short trade while I could. I mentioned how the price will tap into my zone of interest, which proved a really profitable retracement for me. This movement was on cards. What really pumped the movement is the world affairs that are taking place right now. I'm waiting for a ride in altcoins now.
AVAX LONG SETUP Avax moving slowly but the structure and swept new lows grabbing huge buy stops.
- AVAX SETUP RISK 17% REWARD -65% (SWING LONG)
- AVAX has a great ecosystem to be added in your long-term Portfolio
- Avax Sell Zone - 13$-16$ ( We saw a massive demand breakdown from 16$)
- Avax has more possibility of testing 13-14$ because that's an FVG area.
- Avoid Leverage
Bitcoin Trade Setup Bitcoin pierced through all the highs.
- I think the volume of the pump was quite strong.
- 10% JUMP in BTC clearing all the supply looks very interesting
- Alts to watch out for are the current outperformers, FTM, LINK, INJ, APT.
- BTC is at a crucial level let a weekly candle close above 33k, before adding any size.
- Do not FOMO in.
Bitcoin Short Setup Bitcoin is currently trading in a strong supply.
- I don't think there's any strong reason to still stay bullish now.
- I will look to trim my swing longs.
- Do not add swing longs or anything in your Portfolio.
- Max Kill Zone is 32,000$-33,000$ to trap fresh retailers.
- Try avoiding leverage until the market presents a strong setup.
- I will short some Altcoins when I see BTC pumping more.
#BTC #CRYPTO #crypto #eth
BTC | 1H: Today Plan:Longing BINANCE:BTCUSDT from $27,400 is a risky proposition, but if you believe the price of BTC is about to go up, then it can be a great way to make profits. Aim to get the price of BTC to at least 28k by today. Pump it up!
Previous day:
VAH: $27564
POC: $27390
VAL : $27300
Date: 4 Oct 2023