ORDIUSDT trade ideas
Polback by continues uptrend(ORDI)❤️❤️Thanks for boosting 🚀 and supporting us!
📈We are in bullish trend with latest movement at break resistance .
📊 (Entry) : 70.58
🔴 Stop Loss : 63.314
🎯 Take Profit : 76.99-84.33-91.42-96.86
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ORDIUSDT SHORT SCALP : SELL SIGNALLol.. Couldn't have timed my experimental previous post worse.
Immediately after I posted it, ORDI creates a double-top and starts retracing.
This doesn't look like the end-of-run pattern I'd have expected, so not going to suggest that it's entirely done.
It is retracing some, though, so, enjoy.
ORDI:USDT WHERE'S THE TOP?This post is based on the little information available at the time of its posting, so it's to be taken as speculative. There's not enough previous chart information to make a decent call, but based on the one method I do have that might suggest the best exit level, $110.00 appears to be it.
This is only an exercise in prediction, not trading advice.
I'll update this post if and when it reaches that level or in the event that it runs out of steam before getting there.
PS: THIS IS NOT A BUY SIGNAL!
📊#ORDI is a long structure, be cautious and bearish⚠️➡️In yesterday’s analysis, I mentioned that we broke through the short defense point and the previous high, so we can look forward to a higher target range. When we pulled back to the buy zone, I also made a reminder, The most difficult thing about trading is to overcome your inner fear. When you are dominated by the fear caused by violent fluctuations, you will not strictly implement your trading system. Therefore it is difficult for you to make money in the trading market.
🧠Currently we have encountered certain resistance here, but we have successfully broken the short defense point, so we will continue to maintain the bullish view unchanged. If we are more conservative, we can lock the main profit near the previous high, and then leave a little Some positions are risk-free to expect more. 🙏🎯
⚠️Because we have increased our positions twice, we reduced part of our positions when it was near 58.88, so that we can look forward to the remaining targets without pressure. ☕️
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ORDINALS/USDTMy idea is that at the end of wave 4 we could be at the beginning of wave 5 in the trend . The elioti trend could break and become invalid with a break of the $48.5 resistance . target price min the fibo 1.68 level could be around $68-69 .
This is my own opinion , not business advice . Always do your own research in your investments .
ORDIUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement (marked as xxxx).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
Bullish on ORDII am Bullish on ORDI, It's kind of a proxy play to BTC but I feel it has more upside.
In my chart you well see not only the T.A. supports a bullish case but the fact that it seems the miners or starting to see the kind of TX fees they can make on top of BTC rewards. In a side note I feel that TX fees can reduce selling pressure for BTC that can make the price go up because less BTC is on the market, but it could make the price go down; because the miners can stay whole with out having to get top dollar for BTC. Anyways; If you notice in the chart not only the T.A. is bullish, and if in fact; it's a proxy play to BTC the then time to hold any BRC-20s is from 12\25\23 in to 1\15\24 do to the ETF hype that may come from now to the middle of January. So PLZ let me know what you think of my take.
P.s. The green bars are one option, and the yellow are another.
Ordinals (ORDI) BTC up, ORDI upOrdinals (ORDI) is a cryptocurrency that works on a technology called Ordinals Protocol and brings NFT (Non-Fungible Token) capability to the Bitcoin blockchain. This protocol allows various information such as text, images, audio and video to be added to Satoshi, the smallest unit of Bitcoin.
ORDI/USDT is in a bullish trend.Based on the chart, there are several bullish patterns that could suggest the price of BINANCE:ORDIUSDT is poised for further upward movement. Here are a few indicators:
Ascending Triangle : The price action is forming an ascending triangle, which is a continuation pattern that typically indicates a potential breakout to the upside.
Rising Volume: The volume of trading has been increasing over the past few hours, which often accompanies bullish breakouts.
Price Breaking Above Support : The price has recently broken above a key support level at 48.905 USDT. This level was previously acting as a constraint on the uptrend, and its breakout suggests that the upward movement may have gained momentum. If the price can sustain its gains above this level, it could further bolster the bullish sentiment.
In the event of an upward breakout, the target price ranges from $105 to $110.
Good Luck
✴️ Ordinals | Grows 2,337% In 86 DaysI love Ordinals.
I love everything Bitcoin.
Here we have a very interesting chart for an amazing project.
You can ignore the wave count on the left as this is a complex correction, the count there is for appearance only. When it comes to the predictive power of the Elliot Wave Theory system, we have enough when we can spot a perfect 5-wave count.
This 5-wave count can be seen perfectly depicted here as a 5-up wave.
👉 Ordinals (ORDIUSDT) grew 2,337% within 86 days.
The peak 6-December is likely the top based on the simple fact that we already experienced massive growth.
We have the 5-wave count, highest volume on wave 3, check; decreasing volume and finally a bearish cross on the MACD:
➖ Bearish cross as the MACD comes down from an All-Time High.
The RSI peaked 7-Nov which means we have a months long bearish divergence as well...
This is all pretty standard.
If the correction turns into an irregular one there can be a slight higher high before lower prices. Regardless of the near short-term, a correction is expected to develop within 1-3 weeks maximum but in truth it is already happening.
Thank you for reading.
Namaste.
Where to buy ORDI safely?This idea is not a call for shorting at all. The market is still quite strong, at least at the time of writing this idea.
This idea should be viewed as a warning that the price of ORDIUSDT has risen strongly in recent months.
Consolidation has been going on during December, and the delta of trading shows that sales are prevailing in this consolidation.
The bounce up from support is weaker each time.
If ORDI fails below $48, it will open the way for the price to fall to one of the three targets:
1) $35-36
2) $26-27
3) $20-21
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ORDI looks bearishLooking at the ORDI waves, we seem to be in a contractionary reverse triangle.
Now we seem to be in wave e of C of this triangle.
We expect to move from the red box to complete waves D and E and then fall to the FVG range.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
THIS IS RENGE in short-term (ORDI)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Currently, we are in a range and we can trade bilaterally, but since this currency is considered risky, we should enter with caution.
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.