👋 Welcome to TradeCity Pro!
Let's delve into the Bitcoin and key crypto indexes analysis. As usual, I want to review the New York session futures triggers for you.
⏳ 1-hour timeframe
As you can see in the 1-hour timeframe, Bitcoin broke the 84734 resistance yesterday and the price moved upwards. We had some triggers before breaking this area, which I hope you opened positions with and made some profits.
✅ Currently, the price has reached the 86876 area, got rejected, and has returned to 84734. Given the low volume of the red candles, we can consider this movement a correction and a ranging box might form between 84734 and 86876.
⚡️ For today, the best long trigger is breaking 86876, which the price has already hit once. If it can break this area in subsequent contacts, we can enter a position.
🔽 For short positions, the first trigger is the break of 84734, but it’s a risky trigger and I prefer to wait until the price makes a significant trend change before entering a position.
👑 BTC.D Analysis
Moving on to the Bitcoin dominance analysis, yesterday, as Bitcoin's price increased, dominance broke through 61.49 and moved downward, which helped altcoins move higher.
💫 However, as dominance reached 61.08, the market momentum completely changed, and dominance returned above 61.49. Now, after the trend line break, with the break of 61.63, we can confirm a fake breakout.
🧩 For dominance to move downward, the break of 61.49 is still appropriate, and a break of this area can still confirm a downward trend in dominance.
📅 Total2 Analysis
Moving on to the Total2 analysis, yesterday’s trigger at 1.04 was activated, and I moved this area to 1.05 today because the price reacted better to it.
⭐ If you had opened a position with the break of 1.04, you could have made a good profit as the price reached 1.07.
🔑 Currently, the price is ranging between 1.05 and 1.07, and you can open positions if any of these areas break.
📅 USDT.D Analysis
Finally, looking at the Tether dominance, the chart is very similar to Total2 but in reverse.
✨ A break of 5.26 confirms an upward trend, and a break of 5.13 confirms a downward trend in dominance.
❌ 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.
Let's delve into the Bitcoin and key crypto indexes analysis. As usual, I want to review the New York session futures triggers for you.
⏳ 1-hour timeframe
As you can see in the 1-hour timeframe, Bitcoin broke the 84734 resistance yesterday and the price moved upwards. We had some triggers before breaking this area, which I hope you opened positions with and made some profits.
✅ Currently, the price has reached the 86876 area, got rejected, and has returned to 84734. Given the low volume of the red candles, we can consider this movement a correction and a ranging box might form between 84734 and 86876.
⚡️ For today, the best long trigger is breaking 86876, which the price has already hit once. If it can break this area in subsequent contacts, we can enter a position.
🔽 For short positions, the first trigger is the break of 84734, but it’s a risky trigger and I prefer to wait until the price makes a significant trend change before entering a position.
👑 BTC.D Analysis
Moving on to the Bitcoin dominance analysis, yesterday, as Bitcoin's price increased, dominance broke through 61.49 and moved downward, which helped altcoins move higher.
💫 However, as dominance reached 61.08, the market momentum completely changed, and dominance returned above 61.49. Now, after the trend line break, with the break of 61.63, we can confirm a fake breakout.
🧩 For dominance to move downward, the break of 61.49 is still appropriate, and a break of this area can still confirm a downward trend in dominance.
📅 Total2 Analysis
Moving on to the Total2 analysis, yesterday’s trigger at 1.04 was activated, and I moved this area to 1.05 today because the price reacted better to it.
⭐ If you had opened a position with the break of 1.04, you could have made a good profit as the price reached 1.07.
🔑 Currently, the price is ranging between 1.05 and 1.07, and you can open positions if any of these areas break.
📅 USDT.D Analysis
Finally, looking at the Tether dominance, the chart is very similar to Total2 but in reverse.
✨ A break of 5.26 confirms an upward trend, and a break of 5.13 confirms a downward trend in dominance.
❌ 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.