Based on technical chart reading, just an idea of a possible projection.
To be better confirm in the following month
บันทึก
So far, so good
RSI retesting uptrend support very well and we saw a clean retest of 25k support.
บันทึก
บันทึก
Range Chart
บันทึก
BTC Dominance wants to rise
บันทึก
As DXY enters a resistance zone and MACD is showing a reversal, it correlates with the current potential short-term rise in equities/cryptos
บันทึก
Short term target reached and I proceeded to sell 25% of my 25k position.
Below are my TP signal paste.pics/PE5HP
The next questions is will it retest the downside trendline at 26.350? The 0.236 Fibonacci? A little blurry for my taste.
I will remain focused on USDT dominance charts and I am currently creating a % change in dominance of all USD peg tokens relative to overall crypto market cap excluding USD peg tokens.
บันทึก
Shook the shorts out, naturally prices can retrace down.
บันทึก
I did not create an indicator I just added top 5 stable coin market dominance in % together.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Sold another 25% at 27400, 50% of trade remaining. If my technical analysis is correct in this scenario, I see another leg down a little above 25k before breaking upwards.
บันทึก
บันทึก
Range chart supporting my thesis (PS: thanks to TraderSZ)
บันทึก
So far so good, I can see selling pressure in the consolidation wedge pushing BTC lower to the rising channel support.
Daily MACD can indicate a local top and 4h MACD line is on overbought territory.
An indication I have been using and find that it is often accurate I call dynamic trend lines. I use the local low and local low and high to create a line that can show me exhaustion of a trend. In this case, it is the white dashed line and BTC broke the low. I will create a post on this indication.
บันทึก
BTC broke all the last support, ready to go lower
บันทึก
So far as planned
Keeping an eye on 24,450 but I don't see much movement before the start of the week
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
บันทึก
So far, so good. I perfectly timed every market move since 2 months, currently top monthly PnL on Binance :) Follow my IG: hilius_savvy
At Asia market open we saw markets selling, as expected.
บันทึก
Monthly range chart:
บันทึก
Short squeeze could be coming but looks like it is ready for lower
บันทึก
BTC acting funky ngl, will look at other indicators to have a clearer view.
Closely watching the dynamic trend line (dashed line).
บันทึก
As mentioned yesterday when I saw a potential short squeeze. There was a lot pf shorts in the market building up an 26,500-26,600 has a lot of liquidations.
If prices don't retrace down now, might look to long short term.
บันทึก
Well timed previous short-term short:
บันทึก
As previously anticipated, a large amount of short positions were building up so BTC quickly took the highs. Still waiting to see what's next as I do not have a clear short-term view as of now.
If BTC breaks the dynamic trendline (dashed support line), I confirm more downside.
การซื้อขายยังคงดำเนินอยู่
ออร์เดอร์ถูกยกเลิก
Closed my short a bit earlier at the breakout (blue trend). Looks like we could push higher towards 29k. I will increase my risk a bit but once a breakout confirmed at the yellow circled area, I will leverage long till 29K area.