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TradeCityPro | Bitcoin Daily Analysis #12👋 Welcome to TradeCityPro! In today's analysis, as usual, I want to review important futures triggers for the New York session. Today's analysis reaches you a bit earlier than usual because the price is at a very critical area, and I want you to have this analysis in case this area breaks. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, after the fake break of 95108, a very strong bullish momentum entered the market, and as you can see, the volume and the number of green candles are much higher than the red ones, indicating the strength of the buyers. 🔍 The first trigger we had in this bullish wave was at 96446, which was activated two days ago and has given us very good profits so far. I mentioned yesterday's trigger to you as well; in case of breaking the expanding triangle and activating the trigger at 97816, you could open a risky long position, and the main trigger is 98482. Yesterday's trigger has also been activated and is still in profit, and today we have a very good trigger for long, which can help us open a position. 📈 Today's trigger for long is 98482, which can be a very suitable trigger, and if this area breaks, the first target is 99946 and the second target is 101819. I'm not removing the expanding triangle from the chart yet because if the price does a fake breakout of 98482, we can revert to the triangle structure. Therefore, I will keep the triangle on the chart until 98482 is broken. 📅 BTC.D Analysis Let's go to the Bitcoin dominance. As you can see, the situation with dominance hasn't changed much compared to yesterday and is still fluctuating between the areas of 61.49 and 61.04. 📊 Breaking any of these areas could define the next leg of the price, and if 61.04 breaks, the price chart could move down to 60.48. On the other hand, if the area 61.49 is broken, the price could move up to 62 percent. 📅 Total2 Analysis Moving on to the analysis of Total2. Total2 has not yet activated its appropriate long trigger while Bitcoin dominance has been ranging, but Total2 still hasn't activated its long trigger in the area of 1.24, and the position you open on altcoins can be confirmed if 1.24 breaks. 🔽 For short positions, you can enter a short position if 1.22 breaks and confirm it for altcoins. Keep an eye on Bitcoin dominance to decide which one between Bitcoin and altcoins is better for opening positions. 📅 USDT.D Analysis Finally, the Tether dominance has reached a very important support area. This area was at 4.46 yesterday, but due to the reaction dominance had to this area and it slightly moved, it has now shifted this area to 4.45, and if this area breaks, you can enter a position where your first target will be 4.40. 🔑 On the other hand, if the dominance starts to move upwards, you can confirm a short position with a break of 4.52, which in this case, the price can move up to 4.62. ❌ 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.
by tradecitypro
4
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.
by tradecitypro
6
TradeCityPro | WIF: Diving into the Dynamics of a Popular Meme👋 Welcome to TradeCityPro! In this analysis, I want to examine the coin WIF, which you requested in the comments. This project is one of the famous meme coins in the crypto world, operating on the Solana network, and it has a market cap of $655 million, ranking it 105th on CoinMarketCap. 📅 Daily Timeframe In the daily timeframe, we are witnessing a downward trend that started from a high of 3.9560 and has continued down to 0.5852. The market volume has also converged with the trend, indicating that the selling pressure has been much stronger than buying. ❌ If you previously purchased this coin, you should have set a stop-loss after the price stabilized below 1.3886. However, if you haven’t done this yet, I cannot specify a stop-loss area for you now because there's a significant support area at 0.4464, and we need to see how the price reacts to this area. 🛒 If you're looking to buy this coin, first of all, I should mention that purchasing meme coins is very risky, and I personally neither buy meme coins nor recommend buying them. But if you want to buy this coin, you should wait for a trend reversal. For a trend change, we need a new structure to form and a suitable trigger to confirm the trend change. 🔼 If the price breaks 0.5852 and the RSI enters the oversold area, we could open a very good long-term position. A break of 34.36 in this indicator gives us the first confirmation of entering bullish momentum, but this confirmation is not reliable at all and only serves to confirm futures triggers. ⏳ 4-Hour Timeframe In the 4-hour timeframe, I want to specify the futures triggers for you. We also have an interesting ascending channel, to which the price has reacted very well so far, and breaking this channel from any side could provide a good position. 🔍 Currently, it seems there's a range box between 0.5734 and 0.7803, which has timed the price's move from the box's floor to its ceiling. 📈 For a long position after the channel break, you can enter with a trigger of 0.7803 targeting 1.0411 and 1.345, but keep in mind that we've had a very strong downtrend, and this position is against the trend. 🔽 For a short position, our trigger is very clear, and if 0.5734 is broken, you can enter, and your target could be the bottom of the channel. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2
Dogecoin Outlook after the Dip. What to expect NOW?With the recent Correction in Dogecoin, we can say that an ascending triangle has formed, which could be promising and could raise the price to the top of the triangle. It might even form a crab pattern. We should wait for the triangle breakout to reach to 34 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ❗Disclaimer ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
TradeCityPro | CHZ: The Sports Enthusiast's Crypto Play👋 Welcome to TradeCityPro! In this analysis, I want to review the CHZ coin. Chiliz is a sports project within crypto that creates fan tokens for world-famous clubs. 🔍 For example, clubs like Atlético Madrid, Barcelona, Manchester City, Juventus, and others use this project to create their fan tokens, and fans of these teams can support their favorite team by purchasing these tokens. Currently, the CHZ coin has a market cap of $499 million and is ranked 122 on CoinMarketCap. 📅 Weekly Timeframe As you can see in the weekly timeframe, after the sharp price pump that occurred in 2021, the price reached the area of 0.6824. After reaching this area, the price changed direction and underwent a downward trend down to the support at 0.0499, experiencing more than a 90% decline. 🔽 In this downward trend, we observe a descending channel where the price has reacted well to both the channel’s ceiling and its floor. In the latest upward movement, as you can see, the price did not reach the bottom of the box, and if you notice, each time in the previous two upward and downward movements within this channel, the upward movements had more volume than the downward ones, indicating the buyers' strength. ⚡️ Currently, the most important support for this coin is at 0.0499, which is near this area. If this area is broken, we might witness a price drop to the channel's bottom or even to the next support area at 0.0192. 🚀 On the other hand, if this support can push the price back up and the price also breaks out of the downward channel, the channel's trigger area will be 0.1545, which is also a very important resistance. If this trigger is broken, we can say that the price’s upward trend will start, and the price can move towards higher targets. 💥 The price targets, if this trigger is activated, might be the area at 0.2837, which is very important, and the ATH area at 0.6824. 📅 Daily Timeframe Moving on to the daily timeframe, we can see more details of the price movement within the range box. ✨ As you observe, the price has had an upward trend up to the area of 0.1333 and hasn’t reached the top of the box, which itself indicates the weakness in the buyers' power. After changing direction, it engulfed 100% of the previous upward leg. ✅ Currently, there is a very important support area and a significant demand zone at the bottom of the box, where the price has entered, and we need to see how it will react to this area. I have marked this area on the chart for you. 🔑 We will confirm the change in direction and the onset of an upward price trend if the 0.0641 level is broken, which would activate a Double Bottom pattern. However, keep in mind that there is currently no Double Bottom, and if the price is supported from this range and moves upward again, a Double Bottom pattern would occur if the 0.0641 level is broken. 📈 So be careful not to preempt this pattern. The main triggers for buying are areas 0.1333 and 0.1659, which if broken, could see the price move towards the weekly targets I specified, such as 0.2837. However, if the supply area is broken and the trend turns downward, the price could move downwards, and the next downward leg could occur, with targets for this scenario also specified in the weekly timeframe. 📊 The volume of this coin in the daily timeframe, as you can see, does not display well and is not very good. For this reason, I am not going to lower timeframes to find futures triggers because coins with low volume and inaccurate volume data are not suitable for trading in futures. Therefore, I suggest not trading this coin in futures. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
10
TradeCityPro Academy | Risk to Reward👋 Welcome to TradeCityPro Channel! Let’s dive into another educational segment. After discussing capital management and risk management, we now turn to one of the most crucial concepts before entering technical analysis: Risk to Reward! 📌 Understanding Risk-to-Reward in Real Life Before we start, let me give you an example of risk to reward from the real world, outside of financial markets. Imagine you are considering investing in a startup technology company that has launched a new product. Risk: You estimate that you might lose $500 of your investment due to uncertainty about the product's success and intense market competition. Reward: However, if the product succeeds and the company grows, you could make a profit of up to $2000. In this example, the risk-to-reward ratio is 1:4, meaning for every $1 at risk, you could earn $4 in reward. This ratio can help you decide if this investment is appealing. If you believe the risk is acceptable and the potential reward is valuable, you might choose to invest. ⚠️ The Reality of Risk-to-Reward in Trading In the real world, if you are a logical person, we all adhere to risk to reward principles. However, it’s puzzling how, in financial markets, you often close your profitable trades as quickly as possible while staying in losing trades for months. This indicates a failure to adhere to risk to reward principles. Before I explain risk management and related concepts, make sure you've viewed the previous sections on risk management and capital management. Remember, if you're not setting stop-loss orders, this lesson might not be very useful for you. 🔍 What is Risk-to-Reward in Trading? In financial markets, risk to reward refers to the ratio between the level of risk an investor takes with a specific investment and the potential reward from that investment. This concept helps investors evaluate whether a particular investment is worth the risk. When trading, if you are about to open a position, set a stop-loss. If your stop-loss is triggered, resulting in a $10 loss, your target profit should be at least $20, creating a risk to reward ratio of 2. I won’t open a position with less than this! It's important to note that risk to reward alone doesn't hold much meaning. It gains significance when considered alongside win rate. The chart I will share clarifies the relationship between win rate and risk to reward. Look at the chart below. If your risk to reward is 1 and your win rate is 50%, you are breaking even—neither gaining nor losing. For risk to reward ratios below 1, you need a win rate of 100% to break even. Our logical risk to reward ratio is 2, where a 40% win rate keeps you profitable. We should allow our minds room for error rather than always striving for accuracy. 🛠️ Understanding Trading Tools Let’s take a simple look at our tools. The chart showcases two types of tools: short position and long position, applicable for both falling and rising markets. The tool displays your risk to reward ratio in the middle, with the stop-loss percentage below and the profit percentage above for long positions, and vice versa for short positions. 📈 Why Should You Use a Risk-to-Reward of 2? Why do you implement a risk to reward of 2? Consider this: if I opened 10 positions this week, with 6 hitting stop-loss and 4 reaching targets, my total loss would be $60. However, due to adhering to a risk to reward ratio of 2, my total profit would be $80, resulting in a net gain of $20! This illustrates the importance of adhering to risk to reward principles. Even if we lose more trades than we win, we can still be profitable in the end. The key is to focus on the overall outcome rather than individual battles. ❌ What Happens If You Don’t Maintain a Standard Risk-to-Reward? Now, consider what happens if I don’t maintain a standard risk to reward. For instance, if I open a position with a risk to reward ratio of 0.5, even if I make a profit, a subsequent loss could negate that gain. If you are involved in financial spaces, you may have encountered signal channels that share their positions, encouraging you to follow for profitable outcomes. For example, if they claim to profit from 95 out of 100 positions, you might feel that winning sensation. But what is their risk to reward ratio? A ratio of 0.1 means that if they hit just a few stop-losses, you could end up in a loss. Be cautious of misleading advertisements and high-return claims. If you manage to achieve a 5% to 10% profit monthly and sustain it for a year, even starting with $100, your trading record will be respected, leading to more funding opportunities. Avoid falling into traps set by opportunistic individuals. 🚀 Practical Trading Considerations Consider this: if you want to open a position but your target is above a major resistance level, and the likelihood of reaching it seems slim, I personally prefer not to open that position. It indicates that my entry point may not be optimal. ❤️ Friendly Note In closing, I encourage you to keep your positions until you reach your risk to reward target. Avoid checking the chart until you hit that point. Set alerts and make decisions only then. Always adhere to these rules for all your positions, not just one. Don’t worry about losing out on profits; instead, approach trading with calmness. Finally, remember that a profit in a position is not truly realized until it is closed and transformed into something tangible—food, clothing, a house, or a car.
Education
by tradecitypro
8
BTC/USD: Key Levels and Breakout Watch!!Market Overview: The BTC/USD pair is currently in a consolidation phase, with price action contained between two key levels. This analysis aims to evaluate the market structure, potential breakout points, and the most likely directional move based on technical indicators. 📈 Price Structure & Key Zones: Resistance Levels: 97,900 USD: This key resistance level has been tested multiple times. The market has recently interacted with it, showing signs of rejection. 🚧 Breaking above this zone would be a bullish sign. A sustained break would confirm a potential uptrend. 🚀 100,258 USD: The next critical resistance lies just above the previous level. A breakthrough here could confirm the market is ready to rally higher! 🎯 109,546 USD: The ultimate target zone, with further resistance likely. 🌌 A break through this area would confirm a significant bullish move. Support Levels: 94,000-95,000 USD: Strong support in this range, where price has bounced higher before. 📉 A failure to hold this level could signal a bearish reversal. ⚠️ Trend Analysis: 200 EMA: The price is above the 200 EMA, showing a bullish short-term trend. 📊 A positive sign of upward momentum, confirming the current market sentiment is more inclined toward the upside. 🚀 Rising Wedge Formation: This is a continuation pattern, suggesting that the market could break higher if resistance is overcome. 🔼 The potential move toward 100,258 USD could be the next phase if the breakout occurs. Volume & Momentum: Volume has been relatively low, indicating consolidation. 💡 A breakout with higher volume would confirm the strength of any directional move. 💥 Potential Scenarios: Bullish Scenario: If the price breaks above 97,900 USD, we can expect a bullish move toward 100,258 USD, with the 109,546 USD zone as the next target. 🚀📈 Bearish Scenario: A failure to break resistance could lead to a pullback to 94,000-95,000 USD, or even lower if support breaks down. ⚠️ A downside move may signal a deeper correction. Conclusion: The market is at a crucial point. If Bitcoin can break through 97,900 USD, we may see a bullish rally toward 100,258 USD and 109,546 USD. 🚀 If resistance holds, expect a possible move toward lower support levels. 🛑 Keep an eye on volume and key levels! 🎯 Let’s stay alert and react accordingly! 📊📈
BINANCE:BTCUSDLong
by MrStellanSight
EUR/JPY Bearish Setup | Rejection from 200 EMA & Supply ZoneEUR/JPY Analysis (Daily Timeframe) 📉🔥 Key Observations: Price at 159.804 (-0.07%), showing minor bearish sentiment. 200 EMA Resistance (162.206) 🚧 Price previously rejected from this level, reinforcing it as a strong resistance zone. Bearish Retest of Supply Zone (162.000 - 162.500) 🛑 Price attempted to break above but failed, leading to rejection and a move downward. Breakout from Ascending Channel 📉 Price previously followed an upward trend but broke below, signaling a shift to bearish momentum. Target at 155.732 (Next Support) 🎯 A blue arrow suggests an expected drop toward this key support. Bias: Bearish 📉 Confirmation: If price fails to reclaim 160.500, further downside is likely. Bearish Entry: Below 159.500 with a target at 155.732. Invalidation: A daily close above 162.200 would shift bias to bullish. 🚨 Watch for rejection candles or strong bearish momentum for a sell setup! 🚨
Short
by MrStellanSight
LINK road map (4h)Now it can be said that the price is in a wedge, and if a breakout occurs, we will see the price rise above $20 . Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
EUR/GBP Technical Analysis: Bullish Rebound from Key Support!!Key Observations: 1. Support Zone & Trendline: A support zone (marked in red) is visible, which aligns with a rising trendline. The price has tested this area and bounced upwards, suggesting demand at this level. 2. Bullish Rejection & Confirmation: The recent price action shows rejection of lower prices within the support zone. A bullish candle has emerged after the price tested this zone, hinting at potential upside momentum. 3. Moving Average Resistance: The 200-day EMA (Exponential Moving Average) at 0.84058 acts as a significant resistance level. If the price sustains above the trendline and support zone, a potential retest of the 200 EMA is likely. 4. Price Target & Direction: The blue arrow suggests an expected bullish move. The immediate target is around 0.8400 - 0.8450, where the 200 EMA and previous price action resistance exist. Conclusion & Trading Plan: Bullish Bias: As long as the price holds above the trendline and support zone, further upside is favored. Breakout Confirmation: A daily close above 0.8350 could further confirm bullish momentum. Bearish Scenario: If the price breaks below the trendline and support zone, it could trigger a bearish move toward 0.8250.
Long
by MrStellanSight
2
Bitcoin (BTC/USD) Analysis: Consolidation Before Breakout?Bitcoin (BTC/USD) Daily Chart Analysis Market Structure and Price Action The Bitcoin (BTC/USD) daily chart exhibits a consolidation phase, with price movements constrained within a well-defined range. This range is highlighted by the blue rectangular area, indicating indecision in the market as neither buyers nor sellers have established clear dominance. Key Technical Levels 1. Resistance Levels: $100,000 - $103,787: Upper boundary of the consolidation zone, serving as a key resistance level. A breakout above this level could indicate renewed bullish momentum. $108,734 - $110,266: Potential upside targets if resistance is breached. 2. Support Levels: $96,484 - $97,065: Lower boundary of the consolidation zone, acting as short-term support. A breakdown below this level could signal increased selling pressure. $89,533 - $84,773 (200-day EMA): Critical long-term support zone. The 200-day Exponential Moving Average (EMA) at $84,773 serves as a major technical support level, historically acting as a strong demand zone in trending markets. Technical Indicators and Market Outlook 200-Day EMA: The 200-day EMA at $84,773 reinforces long-term support, making it a key level to watch in case of a market correction. Trendline Analysis: The chart indicates a previous uptrend, followed by a sideways consolidation. A breakout from this range will determine the next directional move. Highlighted Zones: Green-shaded areas suggest historical demand zones, indicating potential buying interest. Orange-shaded areas represent previous supply zones, which may act as resistance in case of a price increase. Potential Market Scenarios 1. Bullish Breakout: A break above $103,787 could trigger a continuation of the upward trend, with potential price targets at $108,734 and $110,266. Sustained bullish momentum may push the price towards new all-time highs beyond $120,000. 2. Bearish Breakdown: A break below $96,000 may indicate increased selling pressure, leading to a potential decline towards $89,533 - $85,000. If Bitcoin loses support at the 200-day EMA ($84,773), further downside momentum could materialize, leading to an extended correction. Conclusion Bitcoin is currently in a range-bound phase, with price action indicating market indecision. A breakout above $103,787 would signal a resumption of the bullish trend, whereas a break below $96,000 could lead to further downside movement. The 200-day EMA remains a critical long-term support level, and traders should closely monitor price action around these key areas to determine the next market direction.
BINANCE:BTCUSD
by MrStellanSight
Crypto Total Market Cap Consolidation: Imminent Breakout Ahead?Key Observations: 1. Symmetrical Triangle Pattern: The price is consolidating inside a symmetrical triangle, with lower highs and higher lows. A breakout in either direction is imminent. 2. Exponential Moving Average (EMA 200): The 200-period EMA is at 3.26T, currently acting as resistance. A breakout above this level could indicate a bullish trend continuation. 3. Relative Strength Index (RSI 14): Current RSI: 49.34, slightly below the neutral 50 level. This suggests neutral momentum, with no clear overbought/oversold signals. A move above 55-60 could indicate increasing bullish momentum. Potential Scenarios: 1. Bullish Breakout: If TOTAL breaks above the triangle resistance and EMA 200, the next targets could be 3.3T - 3.5T. Confirmation requires high volume and RSI above 55. 2. Bearish Breakdown: A break below the triangle support could push TOTAL toward 3.0T or lower. RSI dropping below 40 would confirm bearish momentum. Conclusion: The market is in a consolidation phase, awaiting a breakout. Watch for volume confirmation and EMA 200 reaction to determine the next move.
CRYPTOCAP:TOTAL
by MrStellanSight
TradeCityPro | Bitcoin Daily Analysis #10👋 Welcome to TradeCityPro! Let's analyze Bitcoin and key crypto indices, focusing on the suitable futures triggers for today's New York session. Yesterday, we could have opened both short and long positions, which would have been profitable. ⏳ 1-Hour Timeframe Before starting today's analysis, let's review the triggers from yesterday and see which ones were activated. The 95108 trigger, which we've been waiting for a break, was finally breached yesterday, and I personally took a position in a shorter timeframe, achieving a risk to reward ratio of 3. However, the hourly timeframe didn't provide a very accurate position, and if you hadn't moved to a shorter timeframe, you probably would have missed this move. 📣 I've also adjusted the lower line of the Expanding Triangle because, as you see, yesterday's downward movement continued down to 93899, and with the new line I drew, this area coincides with the bottom of the triangle, and overlapping these two areas, the price has moved upwards, effectively invalidating the entire downward move. 🔍 But the point is that with this change, we can say the Expanding Triangle no longer exists, and the price is more moving in a descending channel. I tried to draw the channel using the parallel channel tool, but it didn't turn out well, so the two trend lines I've drawn now seem to be the best possible arrangement. 🔄 This morning, if you were following along and looking to open a long position, you could have done so with a fake breakout and pullback to this area, which would have also yielded a good profit if opened in shorter timeframes. 🧩 As for today's triggers, we have 96382 for long positions, which the price is very close to, and it's possible that by the time I publish this analysis, this trigger might have been broken. If this trigger has been broken at the time of publishing this analysis, the next triggers will be 97816 and 98482. 🔽 For short positions, the 95108 area still seems appropriate to me. The price has pulled back to this area this morning, and if it returns to this area again, it could be a good trigger for a short position. On the other hand, the RSI has also crossed the 55.79 area, which could be a good confirmation for a long position, and we currently have RSI confirmation for upward momentum. 💥 If the RSI can activate its triggers, we can make the most of the upward momentum that has entered the market. The reason I'm using the RSI today, unlike previous days, is that a strong downward momentum entered yesterday, causing the price to fall to 93899. ⚡️ Now, upward momentum has entered, reversing this downward movement and returning above the 95108 support. This means the market's momentum has reversed, and the long momentum trigger has also been activated. 📅 BTC.D Analysis Bitcoin's dominance reacted very well to the areas we identified yesterday and has formed a range box between 61.10 and 61.49. Currently, dominance is at the bottom of the box, and if it breaks 61.10 along with activating the long trigger, opening a long position on altcoins will be better than on Bitcoin. For long positions on altcoins in Total2, I will specify the triggers you can use. ✅ However, if at the same time the long trigger is activated, the 61.49 area is also broken, Bitcoin itself will be better for longs than altcoins. If the market turns short and Bitcoin dominance falls, Bitcoin itself will perform better than altcoins, and the downward target for Bitcoin dominance remains 60.48, while if 61.49 is broken, the upward target will be 62%. 📅 Total2 Analysis Let's look at the Total2 analysis. Yesterday, the short trigger for Total2 was activated, and since Bitcoin dominance was also increasing simultaneously with this drop, a short position on altcoins would have offered better returns. For example, the coin GRT would have given a better entry than Bitcoin. 🔑 But today, the trigger we have for Total2 for longs was 1.21, which has already been breached, and the price has closed above this area. However, if you want to hold a long position on altcoins, if the price pulls back to this area, you can open a long position. 🔼 I recommend that if Bitcoin dominance increases, ignore Total2 and open a long position on Bitcoin. But if dominance starts to fall, try to open a long position on altcoins during a pullback or whatever other setup you know to open positions. ✨ For short positions, the 1.19 area is still very suitable, and like Bitcoin, Total2 has also pulled back to this area, showing it is still important and valid. 👀 Note that as long as Total2 is between the 1.1 to 1.28 box, all positions you open in the market are considered risky, and you should quickly secure profits and focus on low risk-to-reward ratios like two or three. Don't leave positions open hoping for higher risk-to-reward ratios, as this could cause you to lose the profits you have. 📅 USDT.D Analysis Let's move on to the USDT.D analysis. This index broke the 4.62 area we had marked as a target, but it was a fakeout, and now it seems downward momentum has entered. The trigger for this index was 4.55, like Total2, this trigger has been activated, and the next trigger I see now is 4.46. 💫Again, if you get a suitable confirmation from Bitcoin dominance, try to have long positions on altcoins in the pullback of Total2 and USDT.D to the areas they've broken. If Total2 starts to fall and USDT.D breaks the 4.62 area, it's a very good trigger for short positions, and depending on Bitcoin's dominance, you can choose the appropriate coin to open positions on. ❌ 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.
by tradecitypro
5