AlgoBotTrading

AlgoBotTrading

Following Trump's victory BTC showed a strong pump but failed to push through 100,000 level after many traders started to take profit near that level and subsequently BTC started to dump as predicted. After reaching 90,000 zone on Tue, BTC has been doing some price recovery for the past two days. What comes next is important. within the next couple of days If...

AlgoBotTrading

GOLD followed last week's analysis nicely when it reached $2,720 zone and started a heavy drop on Monday, Nov 25. As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend. Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice...

AlgoBotTrading

Despite having some bearish signs, TOTAL3 DID NOT follow previous analysis and crossed above the resistance zone and this resulted in an Altcoin Party (many coins having nice pumps in the past few days). Now that TOTAL3 has had a break-out, it is expected to be followed by a retest. In case the possible retest gets deeper (internal retest), TOTAL3 must not drop...

AlgoBotTrading

USDT dominance is preparing to do a retest of the 4.35% - 4.70% zone so the market will have some correction. The next drop in USDT.D is probably going to be an extended wave meaning that the pumps in altcoins are probably going to be stronger so it is suggested to have some liquidity/cash in order to buy that dip.

AlgoBotTrading

Total3 has reached a heavy resistance zone and give the fact that its recent ascending trendline is already broken, it is quite possible to see some dump in the market towards 690B - 727B zone. If TOTAL3 continues to drop below 665B level, the drop becomes deeper and more time-consuming.

AlgoBotTrading

Following previous analysis, GOLD price has been rising for the past few days and just as predicted, $2,638 level was hit today. GOLD price will probably continue this temporary uptrend for a few more days towards the possible target of $2,662 - $2,692 zone before continuing the major downtrend move. In fact by the end of Nov or early Dec, Gold is expected to...

AlgoBotTrading

Analysis on BTC shows that we can expect a short-term correction in the market. As price and volume divergences have appeared on the chart, it can be safe to assume that BTC can't probably proceed to higher levels without having some price or time correction. The blue trendline on the chart is the trigger line for a price correction. The first target of the drop...

AlgoBotTrading

Looking at TON's chart it seems a breakout is close. Ton has been consolidation for several months and as long as it is above the long term yellow trendline, higher targets of 6.97, 10 and 15 are available. The only problem that remains is BTC's possible dump to fill its CME gap.That's why the tight SL of 5.0 level is selected. If TON manages to thrust out of the...

AlgoBotTrading

In the previous analysis it was stated that Gold is heading for 2,770$ and 2,835$ as the final targets and more importantly it was clearly stated that the ongoing Gold rise would be the final one before we see a significant correction/drop in price. Just as the US elections was concluded, Gold reached the high of 2,790$ and then the heavy correction began. Gold...

AlgoBotTrading

USDT dominance is preparing for an upward move. Initial confluences have already appeared on the chart. Crossing above the blue trendline shall trigger an upward move towards 4.70% pivot zone. The possible upward move shall cause BTC to drop to lower levels to fill its CME gap that is identified in the previous posts. Market is highly dangerous for opening...

AlgoBotTrading

#BTC analysis (long term) BTC has been rising since 15,000 zone and after months of consolidation since March, it has reached 87,000 zone now. Considering the price range of the consolidation phase, BTC is currently in a tough resistance zone (82,500 - 88,000) where it will probably stop its recent parabolic rise for a while. Given the wide gap that has...

AlgoBotTrading

USDT dominance has almost reached the very important support zone of 4.72% and given its recent channelized behavior, it is safe to assume that USDT.D is probably going to have a good upward reaction which means market is probably going to dump.

AlgoBotTrading

Different tools and confluences including mid-term channel, price/volume divergence and also fibonacci tools suggest that the 76,000 - 77,000 zone is the local top for a while. In fact it is probably difficult for BTC to push through this zone as there are multiple resistances in this zone.

AlgoBotTrading

BTC followed analysis nicely and had a rather sharp drop towards lower levels in order to fill the gap in the 67,400 - 68,000 zone. Today's pump in BTC and the market is the reaction to gap area which acts as a support zone.

AlgoBotTrading

Gold is consolidating in a descending triangle pattern at the moment.We shall see a breakout within the next several hours. Strong 1H close above the blue trendline shall lead Gold to higher levels whereas strong 1H close below the 2,731.70 level shall take it towards 2,700 zone. Trader shall wait until the breakout occurs before opening any position.

AlgoBotTrading

BTC reached ATH and faced a strong rejection in the ATH supply zone. BTC's correction since March has become the most sophisticated one in the entire history of Bitcoin! So it's indeed difficult to predict moves in longer timeframes but if the chart's daily bearish divergence works, we'll probably see BTC heading for 62,000 zone within the next couple of weeks .

AlgoBotTrading

There's a gap in 67,400 - 68,070 zone which is probably going to be filled specially given the fact that yesterday's drop was a bit too strong. Gap filling is more possible as long as price is below 72,200 zone and the dotted trendline on the chart.

AlgoBotTrading

Following previous analysis, BTC dominance crossed above the long term descending trendline and the Oct candle closes at 60% in 3 hours indicating that BTC.D is possibly heading for 66% zone as its target. As long as BTC.D keeps rising, we can't expect an altseason.