👋 Welcome to TradeCity Pro!
Let's dive into the analysis of Bitcoin and key crypto indices. As usual, I want to review the New York futures session triggers for you.
💥 If you missed yesterday's analysis, I highly recommend checking it out. I cleared all the lines from all charts yesterday and redrew them from scratch, and now we have new areas that are optimized compared to before.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, there was a symmetrical triangle that has broken downwards, and now it's ready to activate its trigger if it breaks and move downwards.
⚡️ So, for opening a short position, you can enter upon breaking the short-term support at 82633. Preferably, keep a small stop loss so that if the price reaches 81473, the target of the position becomes active.
🎲 Although the triangle has broken, no significant selling volume has entered the market yet, and it's evident that the price is waiting for a good volume to enter to bring momentum.
📊 If no selling volume enters the market, the price could potentially move upwards towards the trigger at 83555. This trigger is risky for a long position, and breaking this area, we can open an early long position.
👑 BTC.D Analysis
Moving on to the analysis of Bitcoin dominance, as you know from yesterday's analysis, we concluded that the dominance trend is upward, and recently, with the breaking of 62.24, the next leg has started.
✔️ Currently, in this timeframe, a ranging box has formed between 62.65 and 63.07, and breaking the top of this box could continue the upward trend. On the other hand, breaking the floor at 62.65 could disrupt the upward trend for now, but as long as this doesn't happen, I still think the dominance has an upward trend.
📅 Total2 Analysis
Moving on to the Total2 analysis, this index is on a very important support floor in the area of 965B, and given the downward momentum that this index has had before, there is a possibility that this area might break.
🔑 If this support breaks, the next downward leg can start. Conversely, the same reason might cause this support to become so strong that it doesn't break.
📈 If the price is supported from this area and moves upward, the first risky trigger for long is at 989B, and the main trigger will be at 1.02T.
🔽 For short positions, as I mentioned, the 965B area is very important, and breaking this area could open a long-term position.
📅 USDT.D Analysis
Moving on to the analysis of Tether dominance, this index is dealing with an important resistance in the area of 5.53, and breaking this area would be akin to breaking the 965B in Total2.
☘️ For confirmation of a long position, 5.41 is suitable.
❌ 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 dive into the analysis of Bitcoin and key crypto indices. As usual, I want to review the New York futures session triggers for you.
💥 If you missed yesterday's analysis, I highly recommend checking it out. I cleared all the lines from all charts yesterday and redrew them from scratch, and now we have new areas that are optimized compared to before.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, there was a symmetrical triangle that has broken downwards, and now it's ready to activate its trigger if it breaks and move downwards.
⚡️ So, for opening a short position, you can enter upon breaking the short-term support at 82633. Preferably, keep a small stop loss so that if the price reaches 81473, the target of the position becomes active.
🎲 Although the triangle has broken, no significant selling volume has entered the market yet, and it's evident that the price is waiting for a good volume to enter to bring momentum.
📊 If no selling volume enters the market, the price could potentially move upwards towards the trigger at 83555. This trigger is risky for a long position, and breaking this area, we can open an early long position.
👑 BTC.D Analysis
Moving on to the analysis of Bitcoin dominance, as you know from yesterday's analysis, we concluded that the dominance trend is upward, and recently, with the breaking of 62.24, the next leg has started.
✔️ Currently, in this timeframe, a ranging box has formed between 62.65 and 63.07, and breaking the top of this box could continue the upward trend. On the other hand, breaking the floor at 62.65 could disrupt the upward trend for now, but as long as this doesn't happen, I still think the dominance has an upward trend.
📅 Total2 Analysis
Moving on to the Total2 analysis, this index is on a very important support floor in the area of 965B, and given the downward momentum that this index has had before, there is a possibility that this area might break.
🔑 If this support breaks, the next downward leg can start. Conversely, the same reason might cause this support to become so strong that it doesn't break.
📈 If the price is supported from this area and moves upward, the first risky trigger for long is at 989B, and the main trigger will be at 1.02T.
🔽 For short positions, as I mentioned, the 965B area is very important, and breaking this area could open a long-term position.
📅 USDT.D Analysis
Moving on to the analysis of Tether dominance, this index is dealing with an important resistance in the area of 5.53, and breaking this area would be akin to breaking the 965B in Total2.
☘️ For confirmation of a long position, 5.41 is suitable.
❌ 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
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 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!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 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.