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Today, we're going to analyze Bitcoin and other important crypto indices. In this analysis, as usual, I want to examine the futures triggers for the New York session.
⏳ 1-hour timeframe
In the 1-hour timeframe, as you can see, after breaking 83806, a downward movement occurred, but afterward, it moved upwards again and now has formed a box between 82066 and 83806.
⚡️ Today, we have triggers for both long and short positions because the price has created a good structure for opening positions, and since it's the beginning of the week, volume could enter the market.
✔️ Additionally, we have an ascending trend line that started from the base at 77598 and the price has touched it several times. If this trend line breaks, the price could start a new downward leg.
🔼 For long positions, the first trigger we have is 83806, which could coincide with an RSI of 54.70. However, this trigger is risky and the main trigger for breaking is 84817.
📉 For short positions, a good trigger was created yesterday at 82066. Breaking this area could start the next downward leg to 80105. This trigger is also a trigger for breaking the trend line, and breaking this area could start the next downward leg to 80105. The main trigger is the break of 80105 itself.
👑 BTC.D Analysis
Let's move on to the analysis of Bitcoin dominance, as you see, dominance has rejected from the ceiling of 62.03 again and is moving downward. Currently, dominance has again reached 61.53.
🎲 If 61.53 breaks, we can expect dominance to move downward, and on the other hand, if 62.03 breaks, the price can move upward.
✨ In general, a new range box has been formed again, and breaking the floor or ceiling of this box can determine the next price leg.
📅 Total2 Analysis
Let's move on to the analysis of Total2, this index rose from 1.01 yesterday and is moving towards 1.04 again.
💫 The long trigger for today is the break of 1.04, although we should wait until the price reacts to this area once so that the exact number of resistance is revealed, and we can open a position with its break.
🔽 For short positions, you can enter a very good and suitable short position with the break of 1.01.
📅 USDT.D Analysis
Let's move on to the analysis of Tether dominance, like Total2, its triggers have not been activated yet and nothing new can be said about it.
🔑 A breakout above 5.43 indicates an upward move and a break below 5.28 indicates a downward move
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Today, we're going to analyze Bitcoin and other important crypto indices. In this analysis, as usual, I want to examine the futures triggers for the New York session.
⏳ 1-hour timeframe
In the 1-hour timeframe, as you can see, after breaking 83806, a downward movement occurred, but afterward, it moved upwards again and now has formed a box between 82066 and 83806.
⚡️ Today, we have triggers for both long and short positions because the price has created a good structure for opening positions, and since it's the beginning of the week, volume could enter the market.
✔️ Additionally, we have an ascending trend line that started from the base at 77598 and the price has touched it several times. If this trend line breaks, the price could start a new downward leg.
🔼 For long positions, the first trigger we have is 83806, which could coincide with an RSI of 54.70. However, this trigger is risky and the main trigger for breaking is 84817.
📉 For short positions, a good trigger was created yesterday at 82066. Breaking this area could start the next downward leg to 80105. This trigger is also a trigger for breaking the trend line, and breaking this area could start the next downward leg to 80105. The main trigger is the break of 80105 itself.
👑 BTC.D Analysis
Let's move on to the analysis of Bitcoin dominance, as you see, dominance has rejected from the ceiling of 62.03 again and is moving downward. Currently, dominance has again reached 61.53.
🎲 If 61.53 breaks, we can expect dominance to move downward, and on the other hand, if 62.03 breaks, the price can move upward.
✨ In general, a new range box has been formed again, and breaking the floor or ceiling of this box can determine the next price leg.
📅 Total2 Analysis
Let's move on to the analysis of Total2, this index rose from 1.01 yesterday and is moving towards 1.04 again.
💫 The long trigger for today is the break of 1.04, although we should wait until the price reacts to this area once so that the exact number of resistance is revealed, and we can open a position with its break.
🔽 For short positions, you can enter a very good and suitable short position with the break of 1.01.
📅 USDT.D Analysis
Let's move on to the analysis of Tether dominance, like Total2, its triggers have not been activated yet and nothing new can be said about it.
🔑 A breakout above 5.43 indicates an upward move and a break below 5.28 indicates a downward move
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
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🤵 Business Contact: Tradecityproteam@gmail.com
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.