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FET/USDT Analysis – Potential Inverse Head & Shoulders FormationThe daily chart for NYSE:FET (Fetch.AI) is currently showing signs of forming an inverse head and shoulders pattern, a bullish reversal indicator. Notably, both the Money Flow Index (MFI) and the Volume Weighted Average Price (VWAP) are starting to turn upward, further supporting a potential bullish outlook. Key support and resistance levels, along with the supply and demand zones, have been highlighted. It’s important to keep in mind that NYSE:FET faces resistance near the $1.561 and $1.870 levels, while support lies around $1.103 which is our weekly pivot. Upcoming events, such as the FOMC meeting on September 17-18, could have a significant impact on global markets, including cryptocurrencies. Market expectations are leaning toward a potential rate cut, which may lead to a short-term pump across Bitcoin and altcoins, followed by a broader market correction. As always, please conduct your own research before making any trading decisions. This is not financial advice.
by utkarshx27
24.09.14 Whale Indicators (Following $2500 to $1300 Money Copy)Hello, I'm Whale_signal Let's get to the point BTCUSDT - There Were Two Purple Whale Indicators On The 1H Chart I Previously Posted The purple whale index below shows dirty moving, The above purple whale indicator (with whale photo) showed a precise touch and a $1300 rise Unfortunately, other rooms and real-time chart sharing should consider the above purple whale indicators (the section with whale photos) as important. The explanation has been emphasized additionally and consistently (with certification) As expected, I was able to get a good return by breaking through the second purple whale indicator (the section with whale photos) Now, you can look at the purple whale index at the top It's Chuseok holiday in Korea, so you can refer to the chart above without much updates If you're curious about more real-time updates Please refer to the real-time chart sharing (free) of whale indicators below I'll stop here for today The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
1
Is LINKUSDT About to Surge? Yello Paradisers! Could LINKUSDT be on the verge of a major breakout? Here's what we're seeing that could signal a bullish move. 💎LINKUSDT has been trading within a descending channel, but underneath it, a clear W pattern has emerged, increasing the chances of bullish momentum. If LINKUSDT breaks out and closes a candle above the resistance zone, it will confirm both the descending channel and the W pattern, making a bullish move even more likely. 💎On the flip side, if the price pulls back, we might see a potential triple bottom forming at the support zone. For that to happen, though, we'll need confirmation in the form of an I-CHoCH (Internal Change of Character) towards the bullish side. 💎However, if LINKUSDT breaks down and closes below the support zone, it would invalidate the entire setup. Stay vigilant, Paradisers, and be ready to act based on how the market reacts at these key levels. 🎖 Remember, the key to success is patience and discipline. Wait for the highest probability setups to present themselves, and only then make your move. Stick to your strategies, and you'll stay on the path to long-term profitability. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Dogecoin Recovery in Sight: Key Indicators Signal Upward MomentuDogecoin Recovery in Sight: Key Indicators Signal Upward Momentum The weighted sentiment curve entered the bullish territory indicating positive bias. The bearish divergence in DOGE price DAA metrics has dropped signaling a potential recovery. Dogecoin kicked off from the lows and has surpassed the 20 day Exponential moving average over the daily time frame indicating early signs of recovery. However, the bulls need to keep this pace until the price surpasses the 200 day EMA for a bullish reversal. At the time of writing, the meme coin leader was exchanging hands close to $0.105 adding 3.1% to its market cap in the last 24 hours. It ranks 8th among all the cryptocurrencies with a live market capitalization of $15.44 Billion. Amid the recovery in the price, the investors are keen to determine if DOGE is on the verge of a price rally. Let's analyze using on-chain metrics to clarify whether the upcoming days will be on the profit side or loss side for Dogecoin investors. Investors Eye Dogecoin for Potential Gains The price DAA (Daily Active Address) divergence indicator, which tracks the growing or diminishing influence of the bulls and bears, was currently headed from bearish territory to zero line. This is a strong sign of a recovery in the price and fading interest of the bears. However, despite the recent shift amid the increasing strength of the bulls, the price DAA curve was still in bearish territory indicating that the sellers are still in control of the trend which could limit the strength of momentum. For the rally in Dogecoin to persist, the price DAA divergence indicator must surpass the zero line and claim its presence in the bullish territory. The DAA stands for Daily active address which is a metric reflecting the total number of unique users participating in a particular transaction in the last 24 hours. Additionally, the weighted sentiment curve has shifted its territory from bearish ones to bullish indicating an improved sentiment. The weighted sentiment curve reflects the biases in the crypto whether it is bullish or bearish at the moment. Dogecoin Price Prediction: What’s In September For investors? Dogecoin price has been fluctuating in the range between $0.92 on the lower side and $0.115 on the higher side. A strong buying was experienced from the lower levels in the recent sessions and DOGE is edging towards the higher level. Moreover, to maintain an upward momentum, Solana needs to break through this local supply zone. Given the strong technical indicators including the RSI and MACD, it's likely that DOGE crypto will flip the recent $0.115 barrier into a support and further proceed higher. The RSI and SMA line highlights a bullish crossover which validates a bullish continuation at the moment. Additionally, the on-chain metrics are continuously improving in tandem with the bounce in the price. Now, if dogecoin successfully flips the $0.115 level into support it may pave the way to a 25% gain on the higher side till the $0.14 level. On the contrary, if the price fails to surpass the recent supply, it may invite more sellers to enter at a discounted price and the Dogecoin may crash towards new low. The short term traders and investors need to keep a closer look at the recent price action.
CRYPTO:DOGEUSD
by Ritika_TCR
Bonk Stalls Near The lows: A Recovery Or Another Price Failure? Bonk Stalls Near The lows: A Recovery Or Another Price Failure? Despite the recovery in several altcoins, Bonk price stalls near the lows struggling for a recovery. The transaction volume dropped by over 15% indicating a fading interest among the investors. While Bitcoin and several altcoins headed for a recovery in the second week of September. On the other side, Bonk was still struggling for a firm footing near the lows. Earlier, Bonk noted a nearly 228% rise in the 1st half of 2024 that took the price to a new high. However, the bears attacked in the second half erasing most of the gains. Despite strong gains in the 1st half, the crypto seems to be in trouble at the moment and may be poised for further losses. At the time of writing, Bonk was trading close to $0.0000169 with a mild intraday loss of 0.97%. It ranks 58th in the crypto space with a live market capitalization of $1.19 Billion. As the bulls find it difficult to recover despite recovery in the broader markets, bears may try to widen the losses in the short term. Bonk Transaction Volume & Volatility Analysis Bonk is the first dog themed coin on the Solana blockchain. Nearly half of the total supply was distributed to the Solana community. Launched in December 2022, BONK is a meme coin which aims to bring back liquidity to Solana based DEXs. It has a total supply of 92.87 Trillion BONK tokens, out of which nearly 70.3 Trillion tokens are in circulation at present. Fully diluted market cap stands at $1.566 Billion. Moreover, the volume analysis indicated a drop of nearly 15.5% in demand in the last 24 hours. The intraday trading volume was $79.04 Million. As per the data obtained from Santiment, the volatility curve was in a declining trend indicating reduced volatility in the assets price. The transaction volume as well as volatility was lower indicating fading investors interest in the crypto. Can Bulls Struggle Result In A Positive Trend Shift The Bonk Bulls seemed to be struggling for a firm footing near the demand zone. The bears are retaining the trend control which is evident as Bonk price stalls at the lows. Also, the price forms a lower high structure over the daily chart which may invite more sellers over a short term rebound. Bonk price hovers below all the key Exponential moving averages which are also serving as a dynamic resistance in the short term. On the lower side, any breakdown would re-establish the formation of another lower low and the downtrend may follow, raising concerns among the investors. As of now, $0.0000157 is the critical support which if breached may melt the price more. Moreover, On the way to recovery, Bonk may face several resistance from dynamic ones of key EMAs to recent swing highs of $0.000022 level. The bulls need more strength and volume to encounter the selling pressure. At the time of writing, the MACD indicator line and signal line were placed below the zero line indicating a selling pressure in domination. Also a bearish crossover between both the lines were about to happen indicating a worse scenario ahead for the investors.
CRYPTO:BONKUSDShort
by Ritika_TCR
Popcat is priced at $0.6434 with a 24-hour tradingAs Bitcoin surged past $58K, Popcat (on-SOL) has gained significant momentum, now ranking among the top 100 tokens by market capitalization. Currently valued at $631 million, it has seen a decline from its all-time high of nearly $1 billion. Over the past month, POPCAT’s price has fluctuated between $0.49 and $0.75, reflecting considerable volatility. Despite this, the token remains substantially higher than its initial launch price, achieving a 40x increase since February. As of today, September 13th, Popcat is priced at $0.6434 with a 24-hour trading volume of $96.334 million. The price has risen by 12% in the last 24 hours. Analysts suggest a potential 40% price increase, with the possibility of rebounding to the $1.0 range if market conditions improve. If the Solana ecosystem strengthens, Popcat (on-SOL) could revisit its previous all-time high and potentially reach a new peak of $1.30 in 2024. Conversely, if the market turns bearish, the price might drop to key support levels of $0.480 and $0.429.
Long
by Sam_TCR
CKB has the potential to rise further, with resistanceCurrently, CKB is trading at $0.0106, with a staggering 589.60% increase in trading volume, reaching $119 million. The altcoin's market valuation stands at $475 million, ranking it as the 115th-largest cryptocurrency on CoinMarketCap. Over the past week, CKB has surged by 38.45%, and in the last 30 days, it has risen by 23.12%. Since September last year, Nervos Network has seen an extraordinary increase of 301.90%, outperforming most cryptocurrencies in the digital asset space. Given this strong performance, CKB has the potential to rise further, with resistance levels anticipated around $0.01400 and $0.02000.
CRYPTO:CKBUSDLong
by Sam_TCR
Despite these challenges, VET attempted a breakout Starting from the last week of October 2023, VeChain (VET) showed an upward trend, forming higher highs and lows until it hit the supply level at $0.0549 by early 2024. However, the price faced resistance at this level, failing to break through after three attempts, and was pushed down by bearish pressure. By mid-May 2024, VET found support at $0.03324, but this level also failed to hold, leading to a further decline towards the initial demand zone by August 5th. Over the past six months, VET has been under consistent selling pressure, resulting in a 65% price drop. This downtrend has formed a falling wedge pattern, highlighting a bearish market sentiment. A critical level to watch was $0.03300, which was a significant point for traders. Despite these challenges, VET attempted a breakout after a liquidity grab on August 5th, 2024, but faced strong resistance at $0.02395. The upper border of the declining wedge and the 50-day EMA band could add to the downward pressure. On the other hand, if VET manages to break out, it could rise towards yearly highs. Enthusiasts like @CryptoYapper believe a breakout is imminent. x.com Currently, key support levels for VET are at $0.02150 and $0.02055, while resistance levels are at $0.02730 and $0.03290.
COINBASE:VETUSDLong
by Sam_TCR
a sudden surge in buying created a liquidity wickAfter reaching a peak of $150 in the first quarter of 2024, Quant's price fell sharply, dropping to $50 by August 5th. However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern. This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91. If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
COINBASE:QNTUSDLong
by Sam_TCR
The “Fan Principle” is a powerful technique in tradingThe “Fan Principle” is a powerful technique in trading, using trendlines to predict price movements. Highlights 📈 Powerful Technique: The Fan Principle is formidable in technical analysis. 📉 Identifying Points: Drawing trendlines from three key points. 🔴 Trading Signals: Buy or sell signals can be identified depending on the pattern. 📊 Practical Examples: Analyzing price movements on charts to illustrate the technique. 💰 Profit Opportunities: Strategies can result in significant gains, up to 22%. 🛑 Risk Management: Importance of placing stop-losses to protect investments. 🔍 Additional Resources: Detailed information and charts will be shared to deepen understanding. Key Insights 📈 Technique Effectiveness: The Fan Principle helps identify clear trends using reference points, making the strategy both simple and effective. 📉 Importance of Confirmation: Validating trendlines with a third point builds confidence in trading signals, increasing the chances of success. 🔴 Warning Signals: Sell or buy signals, as shown in the video, can lead to strategic decisions based on historical analysis. 📊 Visual Analysis: Visualizing data on charts helps understand market movements, which is essential for technical analysis. 💰 Profit Potential: Trades based on the Fan Principle can provide significant profit opportunities, highlighting its effectiveness. 🛑 Protection Strategies: Placing stop-losses above resistance points is crucial to limit losses in the event of adverse market movements. 🔍 Access to resources: The information shared in the description and on other platforms offers ways to deepen the understanding of the technique and improve trading skills. __________________________________________________________________ The fan principle in trading is a strategy that consists of opening several positions on the same asset at different price levels. Here are the main aspects of this approach: How it works The idea is to open several positions (or "lots") on the same financial asset at different price levels, thus forming a "fan" of positions. These positions are opened at points considered as potential market reversals. The objective is to let these positions unfold like a fan or to close them gradually according to the evolution of the market. Advantages Risk diversification: By entering the market at different levels, the trader reduces the impact of a single bad entry. Movement capture: This approach allows to take advantage of different phases of a price movement. Flexibility: The trader can adjust his strategy by closing some positions while keeping others open. Complementary Tools The fan principle can be combined with other technical analysis tools to improve its effectiveness: Fibonacci Fan: This tool automatically draws trendlines at key levels (38.2%, 50%, 61.8%) that can serve as entry points for fan positions. Gann Angles: These lines, drawn at different angles (82.5°, 75°, 71.25°, etc.), can also help identify potential levels to open positions. RSI (Relative Strength Index): Some traders combine the fan principle with the RSI to confirm entry points. Important Considerations This strategy requires good risk management, as it involves opening multiple positions. It is crucial to set stop-loss and take-profit levels for each position in the range. Using this approach requires a thorough understanding of the market and significant trading experience.
BITSTAMP:BTCUSDEducation
by Le-Loup-de-Zurich
3
Can PYTH Price Head For a recovery Amid Improved SentimentsCan PYTH Price Head For a recovery Amid Improved Sentiments The weighted sentiment curve has entered bullish territory indicating improved investors sentiments. A bullish crossover between the RSI and 14 day SMA line was observed over the daily timeframe. Despite the recent shift in the sentiment in the broader market, Pyth Network has underperformed against the other altcoins. The overall crypto market capitalization has surpassed $2 trillion, indicating a renewed investors confidence. However, the crypto has started gaining traction and getting ready to outperform its peers. At the time of writing, PYTH was exchanging hands close to $0.28, recording an intraday gain of 4.97%. Moreover, the recent sessions saw a significant shift in the sentiment and development metrics which could bring back momentum in PYTH price. Let's analyze and try to obtain a clear picture of where PYTH could lead in September. Weighted Sentiment Curve Enters Bullish Territory As per Santiment, an on-chain analytics provider, the positive sentiments have surged higher due to which the weighted sentiment has improved. The weighted sentiment curve made its way to the bullish territory surpassing the zero line indicating the renewed investors confidence. The weighted sentiment signifies the overall bias of investors about an asset on a combined basis. As per the analysis, the weighted sentiment has shifted to the bullish side suggesting a positive outlook for Pyth Network. The development activity and developers activity count shows the recent updates and changes occurring in PYTH crypto. Looking at the charts, it was observed that the development activity and the developer count have been rising since mid August and have reached a three month high value. A positive shift in the development metrics often indicates a similar development in the asset's price as well. Also, the daily transaction volume dropped by 5.7% to $24.3 Million a day. out of total 9.99 Billion PYTH tokens, nearly 34% i.e. 3.6 Billion tokens are currently in circulation. The volume to market cap ratio was 2.35% suggesting low volatility. Can PYTH Price Break Out Of A Correction Phase This Month? From a technical indicator's point of view PYTH price has surpassed the 20 day EMA suggesting a positive outlook in the short term. However, the price needs to surpass two major hurdles of 50 and 200 day EMAs in order to completely shift on the bullish side. As of now, the price lags 200 day EMA by 37% indicating the prevailing bearish trend. Moreover, the daily chart highlights the formation of a double bottom pattern which could trigger a buying in the short term. A breakout above the neckline of the double bottom pattern could validate a positive shift in the trend and price may look to conquer higher levels thereafter. However, it requires the strong presence of bulls at the lower levels. The $0.4 level is crucial for both the bulls and bears. A successful breakout above the level could shift the trend in the buyers favor. whereas, a rejection from the level could further invite sellers to lead the trend. At the time of writing, the RSI line was placed at 52.8 points and that of the 14 day SMA line was at 43.4 points. A bullish crossover between the RSI and 14 day SMA line was observed indicating a bullish continuation in the short term.
CRYPTO:PYTHUSDLong
by Ritika_TCR
SOL/USDT Swing Long Trade and Accumulation ZoneExpected Market Movement: Given the current setup, there is a possibility of a "dead cat bounce" scenario where SOL may experience a short-term rally, followed by a retracement into the $118-$112 range. This retracement could complete a "W" pattern, setting the stage for a subsequent rally towards the $200 region. Key Event to Monitor: It's important to keep an eye on the upcoming Federal Reserve rate decision on September 17-18. The broader market reaction, particularly from Bitcoin (BTC), will likely have a significant impact on SOL's price trajectory. A sharp downturn in BTC could lead to further downside risk for SOL, possibly pushing prices even lower than expected. Next Steps: Patience is key in this setup. Await the outcome of the Fed's rate decision and observe the market's response before making any decisions. Should this scenario unfold as anticipated, I will provide further updates. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
by utkarshx27
Popcat Set to Skyrocket in September: Key Bullish PatternPopcat Set to Skyrocket in September: Key Bullish Pattern Identified The Open Interest contracts have surged by nearly 50% in the last week indicating the aggressive participation of the derivatives traders. The social metrics have jumped to a three month high suggesting the increasing influence of the cryptocurrency over social media platforms. The broader crypto markets have been recovering in the recent sessions and so are the investors sentiments. As of now, the market leader Bitcoin was stabilizing above the $58,000 level and aiming for the next $60,000 level. As per the analysts, September could be a turning point for many altcoins that's why investors are looking for some best assets to put their money at work. Among the altcoins Popcat could be the one to consider amid the market recovery. However, the cryptocurrency faces some hurdles on the higher side at the moment, it could be the next memecoin to explode if a breakout is validated. Let's continue our analysis as to why Popcat could be the next one to be relied upon for significant gains in September using on-chain metrics. Future Investors Note A Massive Jump In Popcat Popcat price noted a significant gain of over 32.3% in the last week. At the time of writing, Popcat was trading close to $0.656 with a live market capitalization of $636.8 Million. This represented a price surge of over 9.6% in the last 24 hours. Moreover, the derivatives traders seemed to be one step ahead of the price surge. As per Santiment, an on-chain provider, the open interest data have jumped from $33 Million a week ago to $54.2 Million at the moment. This reflects a growth of nearly 50% a week indicating investors confidence over the price surge. Moreover, the social metrics curve including social volume and social dominance were headed towards three month high values indicating growth. The social metrics reflect the activities going on related to the cryptocurrency over social media platforms. It includes twitter news, twitter followers and active users over the various platforms like Twitter, Telegram and other platforms. Additionally, the transaction volume surged by 41% intraday indicating heightened demand. As of now, the daily transaction volume has reached $187.47 Million. The volume to market cap ratio was 29.16% suggesting high volatility. Is Popcat Ready For Explosion In September? Popcat's recent 30% surge a week has placed it close to a trendline resistance of $0.65 level. The trendline resistance is a part of a symmetrical triangle pattern formed over the daily chart. A break above the trendline resistance could trigger significant gains in the short term. Talking precisely about the levels, the $0.65 level is the resistance which may get flipped into support if the price surpasses it. Now, if the barrier is flipped into a support, the POPCAT price could rally towards the major $1 level. On the contrary, if the price breaks below the lower boundary of the pattern, a selling pressure could dominate the trend. Popcat currently hovers higher than the 20 and 50 day Exponential moving average suggesting a short term bullishness trend outlook.
PYTH:POPCATUSDLong
by Ritika_TCR
BTCUSD (CRYPTO) buy on dipsBTCUSD made All Time High 73805 on 14th March 2024 post that made low till now is 49112 on 5th Aug 2024 corrected nearly for 5 months. Elliott Wave Analysis : BTCUSD in Triple correction namely w-x-y-x-z of which last leg is in progress... till now low made 49112. Expecting wave z to form Triangle Pattern. Indicator : MACD given Positive Diversion and Positive cross over. Important support : Channel support near 53000 psychological level and low 49112 Worst case expected low : 45000 Improtant Fibonacci level : 0.618 % : 58430 (Acting as immediate resistance) Buying opportunity : Conservative approach: Buy on crossing 0-b trendline and sustaining above golden fib 58430 Aggressive approach : accumulate slowly near 45000-58430 Upside Potentials: 73000++ in long term Conclusion : Be cautious now in shorting BTCUSD. Now time to look for buying opportunity in dips. Disclaimer : Study here presented only for Educational purpose... No Trading advise..
CRYPTO:BTCUSDLong
by MDstockmagic
Despite some intraday gains, the price continues to face liquidiDecoding Next Move To Come From CRO Price After a significant drop from $1 to $0.048, CRO's price structure showed a remarkable recovery, advancing over 260% to reach a year-to-date high of $0.1800 by March 10th, 2024. However, these gains proved unsustainable as bearish forces took over, pushing the price back to its original demand zone near $0.073. Currently, the accumulation of holders offers a glimmer of hope amid various bearish factors, indicating growing uncertainties in CRO's price. Despite some intraday gains, the price continues to face liquidity issues and struggles near the 20-day EMA band. For a potential bullish reversal, CRO needs a catalyst to drive higher interest. It is already in a key demand area, but further sell-offs could break this zone, leading to lower support around $0.048. A decisive Change of Character (ChoCh) above $0.10 and the 200-day EMA would confirm a bullish signal. Until then, uncertainty remains. Other indicators are flat, reflecting market uncertainties and providing no clear direction.
CRYPTO:CROUSDLong
by Sam_TCR
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
a stronger rally towards the $2 mark may follow. At the end of the first quarter of 2024, SUI reached a peak of $2.18, marking an impressive gain of over 485% from the last quarter of 2023. This delighted its investors. However, under the change of circumstances, many investors took profits starting second quarter. The fall aligned with broader market sentiment, which led to increased bearishness and significant red candles on the daily chart. In mid-April of the second quarter, the price attempted to rally and shift momentum but failed, resulting in a series of lower lows within a narrowing wedge. However, by August 5th, the momentum in the third quarter of 2024 succeeded in reversing the trend. As of now, SUI is trading at $1.0375 and has formed a pullback. If it crosses the upper edge of the horizontal range, a change in character could boost confidence. Key levels to watch include potential resistance around the $1.20 mark, which could challenge further gains. If the price breaks past this level, a stronger rally towards the $2 mark may follow. On the downside, the $0.77 level is acting as support. A drop below this could signal a possible reversal to $0.63 or a consolidation phase.
COINBASE:SUIUSDLong
by Sam_TCR
Bitcoin Bybit chart analysis September 11Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. The CPI indicator will be announced at 9:30 in a little while. In Nasdaq, we proceeded with the strategy with vertical or strong upward conditions, but today, Bitcoin is the problem. The first is a danger signal. The 4-hour chart MACD dead cross is under pressure, and secondly, we need to find a rebound section, but the 1+4 section is ambiguous. It is also a section with a very high possibility of sideways movement. After much thought about how to connect it to profits, we proceeded with the safest method. *Red finger movement path One-way long position strategy 1. 56,224.5 dollars long position entry section / green support line breakaway price 2. 57,628 dollars long position 1st target -> Top 2nd target -> Good 3rd target The reason why I marked the purple finger on the top is Because there was no short position entry position today The direction can be divided before and after the touch. There is also a possibility of an immediate rise after the touch. If the touch fails, there is a possibility of a vertical decline There is a possibility of a breakaway up to the 3rd section From the touch, you should see a strong possibility of a decline in the downward wave. After the touch, The strategy is more likely to succeed if the rebound is successful in the central line section (1+4) of the Bollinger Band 4-hour chart. If the orange resistance line is broken at the top today, the uptrend is connected, and the 4-hour chart MACD dead cross is ignored but (Bollinger Band 4-hour chart resistance line touch condition) if the orange resistance line is not broken, the 4-hour candles must continue to be created and the MACD dead cross must be completed without breaking the green support line. It's hard to explain, but the conditions are very strict, right? At 9 o'clock in a little while, the position of the center line of the 4-hour Bollinger Band chart is very important when the 4-hour candles are created. The red finger long position entry section can be 56.2K or the 2nd section, and if the green support line is broken today, the pattern can be broken by touching the center line of the 6-hour Bollinger Band chart, so the green support line must be maintained unconditionally. Lastly, the NASDAQ must also succeed in rebounding and all other conditions must be met for the strategy to succeed. Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide