Bitcoin local targets, where to wait for the movement?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Bitcoin is starting to revive, after a 3-day holiday slump, volatility finally appears with the opening of the SPX500
Previously identified local support levels 16,800-16,650 $16,300-16,150
I think that these levels will be tested already this week, so far I don’t see a scenario with an exit to $17,200-17,500
There is a possibility that at first we will collect passengers from below $16,500-16,1500 and from there we will see the reaction of the buyer with a trip to $17,000-17,200
Dodo
RVNUSD | The chart doesn't look good...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I haven’t written anything on this asset for a long time, let’s talk a little in a place.
If you open the 1D time frame, there will be a clear picture of the fact that the correction to the 0.017-0.015 zone will continue very soon. I showed a 2D chart so that you can see the zone that I highlighted with a red rectangle, this is where you can approximately expect the asset to stop and where a rebound is most likely to occur.
The approximate zone where the asset can come in the fall of BTC and ETH is $ 0.015-0.012 accumulation zone (red rectangle) in 2020-2021, it is from there that the buyer’s reaction may be.
I'm still watching all the altcoins from the sidelines, if I'm waiting for another market dump, it's better to watch.
ETHUSDT | Reaction can be strong...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Have you noticed that with a small bitcoin volatility, Ethereum began to squeeze more?
Ethereum is still following bitcoin, candles at 1-4H look very dull and sad... Well, you can understand after all weekends and holidays :)
In general, guys, here the plan remains unchanged: I expect to see a breakdown of $1000 already this week, but this can happen the same way as with BTC through a false rebound and Ethereum can again test the $1275-1300 zone, here you can also work with a grid of orders from the current values.
BTCPERP| The market froze before the storm...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I want to update the idea a bit on two graphs:
As expected all weekend, the price is just an asset just standing in one place, as you have already noticed, there is no volatility at all.
The range compresses like a spring with every hour, and as often happens, this leads to a strong momentum.
From the technical side:
While the $16,550-$16,800 zone is a temporary support for the asset, there are no changes so far.
The local resistance of $16,800-17,200 may already be tested next week, I think that Bitcoin may have enough strength to go for liquidity above $17,000 and then go to break through the support of $16,550-16,300-16,150-15,800-$15,450
DOGE will be left without the support of Elon Musk?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's start from the technical side:
At the moment, DOGE is hovering in an untraded zone, and here a shot can occur in both directions, but according to my assumptions, I would like to see another bottom confirmation of the $0.083322 trend line and then a complete dive into the $0.05 zone (I'm talking about this)
We all know that Elon Musk supports this project and due to his tweets, manipulative
movements on the chart.
So, Elon is currently having difficulties with Twitter, which he recently acquired for $44 billion and became CEO.
The most interesting thing is that the deal with Twitter took place on a loan secured by its shares, as Sam, the founder of the FTX exchange, did before with his FTTs. If Tesla shares go down, then Elon will get a Twitter rec.
The news also surfaced that Elon wants to leave the post of CEO when he finds a replacement, saying that he is still looking. Tesla shares immediately reacted by -10%. Elon can not only pump assets, but also dump them with his tweets :)
In general, we can say that Elon Musk had problems, how serious they are, time will show and DOGE, I think under such circumstances we can see a strong reaction of the meme token, on the technical side, there was a constant coup from the $0.05 zone, will it happen if the asset comes again from- for the bad news from Elon in this zone, I don't know and no one knows.
Guys, special attention, this is not a call to open a position, make a decision yourself, I just shared my thoughts :)
BTCPERP| The pressure continues!!! There is not much..Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
On the futures, similar to the BTCUSDT chart, the past idea is:
In the previous technical analysis, I indicated the levels of local support with gray lines, before the first test of local support, 50 points were picked up, it happens...
We saw the reaction of the buyer before reaching the first support, the removal towards $17,000 was expected, after that they again continued to put pressure on the zone of $16,500-16,300
At the moment I expect to see a denouement in the range of $17,200-17,500, most likely I will gain my short position from these values.
Check: DODO/USDT | Change of plans | Change of plans. With so much centralized exchange crash and various problems, the bull is being delayed, but looking at this triangular figure that is forming, we have a possible laterality ranging from 0.26 to +$0.3. But don't expect anything higher in the next few days, maybe $0.48 ... 0.6 will come in the next few months. Look ahead and see a sea to swim in and a decentralized exchange will gain a lot of marketcap.
BTCUSDT | Bounce before the final dive!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
As expected, this week has been a busy one. There were a lot of news events, and due to this, we saw increased volatility in places.
On the charts, I previously highlighted with gray lines local supports where the price is actually striving now.
Local support range from where the price can bounce $16,700-16,150 (gray lines on the chart)
At the moment, the asset is near strong local support (gray rectangle $16,700) and there is a possibility that at the opening of next week we can already expect a rebound to the $17,000-17,500 zone
For now, I adhere to the fact that at the opening of the week we will see below $16,700 if you are looking for a rebound, then work better with a grid of orders of $16,700-16,1500, an approximate range.
Just remember that the chart goes from liquidity to liquidity, and while at all news events we were in the $18,000 zone and the price was actively pushed up, thus creating a trap for the bulls, a lot of liquidity has also accumulated below and the market maker is following this liquidity in small steps.
In general, my idea is that most likely we will see a slight local rebound and after that the pressure in the $16,000-15,500 zone will continue.
DOGE | Gone below the zone of interest, rebound soon!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I previously allocated an area of interest of $0.085 for myself and set the grid of orders below, after which I decided that it was better to cancel all orders and wait below.
So here it is:
On the chart, I updated the fibonacci grid and the support and resistance levels and at the moment the price is striving for a strong local support of 0.618 Fibonacci ($0.07250) where I am waiting for the actual rebound and my trade in SCALP.
I think if there is still a rebound, and the downward movement of the entire market does not continue, then we can expect it to the trend line that I showed on the chart from the autumn low.
If the support is broken through $0.07250, then I will expect an asset at the next block of $0.06250 approximately.
ETHUSDT is testing resistance, SHORT level!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
ETH is testing the local resistance of $1340-1350, which in my opinion is considered a good short entry point, but I do not exclude the possibility that today's volatility will see a trip to the $1400 zone, so I advise you to work with limit orders.
The exit from the triangle turned out with a false break down, the price tested the $1240 zone and then the removal to the $1350 zone followed, which can be seen on the chart.
At the moment, the volatility continues, bitcoin is testing the important $18,000-18,200 zone and ETH is following it like it happens with any other alt, so there may be punctures above $1350 plus increased volatility from the data ahead of us, be careful!
BTCUSDT | Fed data will bring volatility to the market!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Important macroeconomic data is coming out today, there will be increased volatility!
Let's analyze the graph from the technical side:
At the moment, it can be observed that the true breakdown of the $18,000 level, I think this is temporary and the denouement is close.
The chart has not completely moved away from yesterday's CPI data, and we still have some volatility.
So far everything is going to the fact that most likely we will see a true breakdown of $ 18,000 the approximate plan showed on the chart, and most likely this can happen from today's FOMC indicators.
From the fundamental side:
In the evening we are waiting for a number of important events:
▫️22:00 FOMC economic forecasts.
▫️22:00 FOMC Statement.
▫️22:00 Fed rate decision.
▫️22:30 FOMC press conference.
Of the most important, I would like to highlight the decision on the interest rate and the FOMC press conference, where the head of the FOMC will speak and share his future plans for raising or easing the key rate, from which, in fact, we can also see increased volatility.
DOGEUSD | Fixed a profit, you can re-enter.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
DOGE recorded a 10% profit, I expect another trip to the area of interest $ 0.083-0.085
On yesterday's volatility, the asset almost reached a take profit of $ 0.1, I decided to fix at $ 0.09458 10% I managed to take 10% without leverage
At the moment, I expect a trip to the $0.083-0.085 zone again
Placed limit orders in a grid
0.08741$
0.08474$
0.08316$
Take proft remains unchanged
I also remind you that important data from the Fed is coming out today, increased volatility is expected!
BINANCE is also going to crash like FTX?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
U.S. Attorney's Office accuses Binance and executives of money laundering and sanctions violations.
The US Attorney's Office may accuse the Binance exchange and its management of money laundering and violating sanctions. The investigation has been ongoing over the past few years.
If charges are brought against the exchange and against Zhao himself, this could lead to even more damage to the entire cryptocurrency industry.
Of course, first of all, this concerns the BNB token that belongs to Binance, people have already begun to panic and literally in a matter of hours the token has lost 3-4% in value, maybe this is the first call for a big short, like with FTT?
While nothing is clear, binance lawyers are actively holding meetings with representatives of the Ministry of Justice and mastering their rights, let's hope that everything goes smoothly and we do not see another dump this year.
APTUSDT | Bounce off the trend line.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
At the moment, the asset is in a local uptrend, this can be seen from the trend line.
As for me, here we have 2 scenarios of events in the short term:
Or the asset will be able to bounce off the trend line and return to its previous HAW $5.4
Or we will see a FAKE puncture in the $4.2 zone and from there there will already be a buyer's reaction.
I allocate 0.5-1% of the main deposit for this deal.
DOGE - Scalp deal, the asset has reached the zone of interest!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
SCALPLONG
Deal with tradingview, the asset has reached my zone of interest.
The guys from altcoins on speculative transactions are only considering #DOGE and #ETH so far.
Earlier I shared the chart and singled out for myself an area of interest of $0.08594, the target was reached with a small puncture.
There is a slight rebound from the zone, I decided to open a SCALP deal in the direction of $0.1 from the deposit no more than 1-2%
DOGE | Local parsing of the coinHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I want to update the schedule for #DOGE to make small changes, so to speak :)
Now as local as possible.
At the moment, the asset is near a strong local support, there is a possibility that we can see a small rebound from the current values of $0.9645 to $0.10363 to the previous resistance of 0.5 Fibonacci.
But you can also try placing limit orders below the support of 0.618
0.0957$
0.0900$
0.08594$
Approximately this range the asset can test in case of loss of local support, allocated 0.5-1% of the main deposit for the deal, while the alts do not inspire confidence :(
Bitcoin! Market volatility is expected.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Volatility is expected in the markets today, be careful!
Guys, I want to sum up the past TA and share news from the Fed.
So, let's begin:
The previous plan worked very well, we were able to see a bounce from the $16,685 zone and break above $17,000 and so far the buyer is holding this range well.
At 16:30 Moscow time, the US PPI data will be released and most likely the data will be positive, which could provoke bitcoin to go to $18,000.
At the moment, while I am without a position, I just want to observe from the sidelines.
Tips for beginners on how not to make mistakes when trading Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, today I want to share with you information from one interesting blog, for the last 3 weeks the market has not shown us strong volatility and we have to watch almost the same price range, I'm talking about the main cryptocurrency, Bitcoin.
So I decided to share this information for beginners in order not to make mistakes that can be so easily avoided in the future.
Let's start with you in order:
What is Consolidation or Flat?
Consolidation is the state of the market when it is sandwiched between support and resistance. This state means that a certain state of balance has arisen in the market between sellers or buyers, that is, demand has balanced supply. In other words, the market is in a state of accumulation or distribution. According to statistics, about 80% of the time the markets are in a flat state, so trading in a sideways range will always be profitable for traders.
For consolidation to become apparent, the price must touch the support and resistance levels at least twice. I think that it is clear here, this is a classic of technical analysis, trading from levels in FLAT.
Example below:
And so let's continue:
Consolidations can expand and contract.
An expanding consolidation occurs when the price makes a false break and moves back into a range, thereby expanding the space between support and resistance. Selling at resistance will force you to hit a stop as price breaks the current resistance level to then move back into the range.
Example below:
A shrinking consolidation occurs when the market enters a period of low volatility, for example due to an impending news release.
During periods of narrow consolidation, it is better to refrain from entering the market and making deals. But during periods of broad consolidation, you can trade from its borders. This will give us a good risk to reward potential. However, you should always remember that sooner or later the price will go beyond the range, a true breakdown of the level will occur, and the market will move into a trend phase.
The longer the market is in a flat, the more force the trend will follow after the price breaks out of the range. Any calm in the cryptocurrency market is replaced by explosive, and vice versa.
We got acquainted with the theory and I think there is nothing complicated, you can see all the examples on the graphs above.
Let's move on to the most important thing now:
Flat is a killer of deposits, why?
We have all heard or read on various forums that flat is the killer of deposits of trend traders. Actually, it is. If your trading system is showing outstanding results in a trending market, then as soon as the sideways movement begins, you can say goodbye to all the profits.
Let's take a look at the place.
The thing is that trend methods will give you signals to enter the market near support and resistance levels, and as soon as you open a buy deal, the price crashes into the level in just a couple of points, and after that a reversal begins. On average, the trading system will give 4 false signals, which will completely block the profits received when trading with the trend. Therefore, if you learn to identify a flat in the early stages of its formation, then the damage caused by it will be minimized, or even better, you will be able to use this state of the market to your advantage.
How to define a flat?
In order to correctly learn how to determine a flat, we must remember what it looks like. A sideways movement is a movement between two highs and lows, perhaps this will be enough. Let's look at the chart, try to identify any price fluctuation between the latest highs and lows.
Shown below is an example:
Red circles mark the first minimum and maximum. As we can see, the subsequent price movement is within the range of boundaries we have drawn. Next, we can see how the price breaks the lower level and a strong downward movement begins, but it is worth noting that the price made about 7 bounces from the levels before that, which we could use for profit.
How to trade in the side market?
The best strategy for trading sideways markets is the false breakout. It usually gives a powerful impetus for the price to move in the opposite direction. Market makers always collect stop losses of traders at levels to gain liquidity and then move in the opposite direction. This should always be taken into account when trading false breakouts. You can set take profit and exit the trade on the other side of the trading range. I often mention this in my signals that MM collects stops and turns the asset in the other direction, this happens most often on strong
ADA USD | Exit from the ascending channel!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
On the chart, the formation of an ascending channel, its development is right in front of you, according to the classics down.
On the technical side: the nearest support is in the $0.3-0.35 zone, there is a small traded zone there, well, it’s not a fact that the asset will be able to cling to it and not fall lower. So far, guys, just thoughts, there is also a possibility that bitcoin will show a rebound again from the 16,800 zone and the whole viola will follow them, so I write the shortest stop orders for transactions, be sure to take this into account !!! Approximate take profit shown on the chart.
While I don’t want to consider altcoins for any positions, I’m just sharing my thoughts here, maybe they coincide with yours and this is as an addition.
ETHUSDT | I continue to standHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I want to update the EHT idea a bit
Here, in general, everything goes according to plan, the entry point $ 1300-1310 is a good entry point into the short
The main breakout zone is the range of $1250-1220 if we see a true breakdown of this range, then most likely there will be a hike below $1200 as indicated by the take profit.
There is nothing special to add, soon I am waiting for ethreum below $1000, while I think we will still be driven in the range of $1150-1350 approximately.