TradeCityPro | Bitcoin Daily Analysis #11
👋 Welcome to TradeCityPro!
In this analysis, as usual, I'll review the appropriate futures triggers for the New York session.
🔄 Yesterday, the market activated the long trigger and rose from the box's floor, so before delving into today’s analysis, I’ll also review this trigger for you.
⏳ 1-Hour Timeframe
Yesterday, the trigger I had set at 964446 was activated and provided a very good position. The top line of the Expanding Triangle is also being broken, and the trigger for breaking this triangle will be at 97816.
⚡️ If, concurrently with the break of the triangle's upper line and the trigger of this triangle, volume also increases, we can say that bearish momentum has entered the market and the price might finally exit the range box it has formed.
🔼 The main trigger is the break of the box’s ceiling at 98482, and if this area is broken, we can confirm the price’s bullish trend.
📊 For a long position, the appropriate trigger seems to be breaking 97816, and I personally am waiting for this trigger. A break of 65.46 in the RSI would give me a momentum entry trigger.
📉 For a short position, we must first wait for the bullish momentum in the market to dissipate and wait for bearish momentum to arise and create a short trigger structure. Until then, the short triggers will be from 96446 to 95108.
📅 BTC.D Analysis
Let’s move on to the analysis of Bitcoin dominance. Yesterday, dominance was ranging, and almost no difference was noted from the previous day, but I've adjusted the area from 61.10 to 61.04. If this area is broken, dominance could move downward toward 60.48.
🔑 For an increase in dominance, if 61.49 is broken, we can expect the upward trend to reach 62%.
📅 Total2 Analysis
Moving on to Total2. Yesterday, the trigger at 1.21 was activated, and this index is moving upward. The next resistance that price could face is at 1.24, and if this resistance is broken, Total2 could move up to 1.28.
Conversely, if Total2 moves downward again, the short trigger will be at 1.19. Keep an eye on Bitcoin dominance to decide whether to open positions on altcoins or Bitcoin.
📅 USDT.D Analysis
Let’s discuss Tether dominance. In this chart, our trigger from yesterday, 4.55, was activated like Total2, and this area was broken. Currently, the next support for Tether dominance is at 4.46.
If 4.46 is broken, the next area will be 4.40, and for confirming a long position, you can use the break of these supports. Conversely, for a short position, if 4.62 is broken, Tether dominance will increase, indicating that the market will be bearish.
❌ 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.
In this analysis, as usual, I'll review the appropriate futures triggers for the New York session.
🔄 Yesterday, the market activated the long trigger and rose from the box's floor, so before delving into today’s analysis, I’ll also review this trigger for you.
⏳ 1-Hour Timeframe
Yesterday, the trigger I had set at 964446 was activated and provided a very good position. The top line of the Expanding Triangle is also being broken, and the trigger for breaking this triangle will be at 97816.
⚡️ If, concurrently with the break of the triangle's upper line and the trigger of this triangle, volume also increases, we can say that bearish momentum has entered the market and the price might finally exit the range box it has formed.
🔼 The main trigger is the break of the box’s ceiling at 98482, and if this area is broken, we can confirm the price’s bullish trend.
📊 For a long position, the appropriate trigger seems to be breaking 97816, and I personally am waiting for this trigger. A break of 65.46 in the RSI would give me a momentum entry trigger.
📉 For a short position, we must first wait for the bullish momentum in the market to dissipate and wait for bearish momentum to arise and create a short trigger structure. Until then, the short triggers will be from 96446 to 95108.
📅 BTC.D Analysis
Let’s move on to the analysis of Bitcoin dominance. Yesterday, dominance was ranging, and almost no difference was noted from the previous day, but I've adjusted the area from 61.10 to 61.04. If this area is broken, dominance could move downward toward 60.48.
🔑 For an increase in dominance, if 61.49 is broken, we can expect the upward trend to reach 62%.
📅 Total2 Analysis
Moving on to Total2. Yesterday, the trigger at 1.21 was activated, and this index is moving upward. The next resistance that price could face is at 1.24, and if this resistance is broken, Total2 could move up to 1.28.
Conversely, if Total2 moves downward again, the short trigger will be at 1.19. Keep an eye on Bitcoin dominance to decide whether to open positions on altcoins or Bitcoin.
📅 USDT.D Analysis
Let’s discuss Tether dominance. In this chart, our trigger from yesterday, 4.55, was activated like Total2, and this area was broken. Currently, the next support for Tether dominance is at 4.46.
If 4.46 is broken, the next area will be 4.40, and for confirming a long position, you can use the break of these supports. Conversely, for a short position, if 4.62 is broken, Tether dominance will increase, indicating that the market will be bearish.
❌ 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.
💥 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.
💥 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.