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C98 / Bitcoin

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C98BTC trade ideas

Trade Alert: C98BTC - Sell SignalWe have identified a sell opportunity for the C98BTC trading pair based on our analysis with the EASY Quantum Ai strategy. Below are the key trade details: - Direction: Sell - Enter Price: 1.71E-06 - Take Profit: 1.66E-06 - Stop Loss: 1.78E-06 Analysis and Justification: Our decision to issue a sell signal is supported by several critical factors observed in the market: 1. Technical Indicators : The recent price actions have shown significant resistance levels around the enter price, suggesting limited upward momentum. Key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) also suggest a potential bearish trend. 2. Market Sentiment : Recent market sentiment analysis indicates a bearish outlook for C98BTC. There is a prevailing mood of caution, driven by broader market trends and specific developments affecting C98. 3. Volume Analysis : Observation of trading volumes reveals decreased buying pressure, which supports a continuation of the downward trend. By carefully considering these factors, the EASY Quantum Ai strategy projects that the most strategic move is to initiate a short position at the specified entry price. This trade setup offers a favorable risk-to-reward ratio. As always, exercise prudent risk management, especially in volatile market conditions.
Short
by ForexRobotEasy
C98: The End Of A Trend (1,500% Growth Potential?)Trading for C98BTC starts in July 2021. By August, all bullish action comes to an end and the start of a major downtrend is present. This trend is coming to an end. We have two main waves, 1 and 2. Notice the size and width of wave 1. Notice the size and width of wave 2. Notice the volume during wave 1. Notice the volume during wave 2. Wave 1 is much bigger, in size, duration and activity compared to wave 2. This is all telling us that the bearish trend is losing strength. That sellers are exhausted, that the trend is about to reverse. Wave 2 being very small and weak is the giveaway signal, this is the signal that reveals an upcoming change of trend. C98BTC bottomed in July 2024. The low hit on the session that produced the All-Time Low has really low volume, very small selling is happening. When we see new lows being hit while volume continues to drop, this is another signal of weakness. The bears are weak all across. With more than two months of sideways and the signal coming from marketwide action, we know this pair is ready, or getting close, to turn. The reversal can be big. The uptrend can be big. The bullish wave can be huge. We've never seen how this pair performs in a bull-market, it has been bearish since day one. Now, there is one warning signal. This is pair is available only on Binance and when there is such a strong opportunity, Binance tends to delist. I have to mention it because it is a possibility. Some people wait for years and it goes down and they think of waiting long-term, when the pair hits bottom and is ready to turn it gets delisted and the opportunity is lost. If this becomes the case, tough luck, we take the loss and move on. If the pair remains available for trading, prepare for massive growth. The targets can be found on the chart. Namaste.
Long
by AlanSantana
✳️ C98 Above MA200 Activates Long-Term Bullish Potential (1580%)MA200 Here sits at 528 and when a Cryptocurrency pair trades above this indicator long-term bullish potential is active. This is what I know based on experience, years of experience. MA200 is not shown but you can easily do this yourself by opening up C98BTC on the daily timeframe and plotting the MA indicator and setting the period to 200. SMA (Simple Moving Average). Now, let's add a few more signals... As is usual, you will notice the same simple signals, all classics... They never change and don't have to change because they work. If you see an analysis that becomes to complex this should raise some concerns, simplicity is best for success. On top of the moving averages, we have a volume breakout (trading volume going higher than the daily average), a strong RSI (at bottom prices) and a full green candle. These are enough signals to support our bullish bias. If the pair drops a stop-loss can be set/used and the risk is very low. 👉 Say 15% risk vs 1,500% potential for growth. Personally, I would never stop a loss on a bottomed out pair like this one, I would add more and hold long-term. Once the action starts it would be worth the wait. More details on the chart. Thank you for reading. ➖ Remember to do your own research. ➖ This is not financial advice. ➖ All the information I share is intended for educational purposes only. Namaste.
Long
by AlanSantana
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