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Rebound

BTC broke new highs, but what next?Since Feburary 2024, BTCUSD has surged to reach an all-time high of 74,000. However, after reaching the level, the cryptocurrency has reversed by 18%, down to 61,000. If the price breaks below the 38.2% Fibonacci retracement level, anticipate downside to the 61.8% retracement level. However, if that happens, the 52,000 level could be a good support level for the BTCUSD to rebound. Base on a similar scenario in 2021... BTCUSD broke new highs (64,750) before reversing lower Reached 61.8% retracement level before rebound Created higher high of (68,900)
BITSTAMP:BTCUSD
by JinDao_Tai
We are back!! $SIA(C6L.SI) Showing sign of bottomHas been away awhile from here! Hope everyone is doing well in the stock market! Let's dive into our analysis on SIA C6L Recent fall shows signs of volume supporting the price at the previous low in the 5 mins chart (yellow box). ‌ With price moving slightly higher could be a sign of short term rebound is on the way. ‌ Our trading method: Taking advantage to this possible short term rebound & maximizing the returns with our low exchange rate of MYR to SGD, we look into SIA's DLC issue by #societegenerale, TSX:SIA 5xLongSG250709(DZTW.SI), long position due to lower outstanding%, lower DLC price, & more sensitive to the underlying securities. ‌ @roundnsurge ‌ Share your view about TSX:SIA (C6L.SI) in the comment section. ‌ About our analysis : Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading. ‌ Disclaimer: The information provided in this post is for informational purposes only and should not be considered as financial or investment advice. Any action you take upon the information in this post is strictly at your own risk. We are not responsible for any losses or damages that may occur in connection with the use of this information. Always do your own research and consult with a qualified financial advisor before making any investment decisions. The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of any other agency, organization, employer, or company. #shorttermtrading #SGX #demandsupplytrade #pricevolumeanalysis #roundnsurge #DLC #sia #dailyleveragecertificates
SGX:C6LLong
by ROUNDnSURGE89