Trading Crypto Guide ™
#BTC WEEKLY TF UPDATE: #BTC is likely to close the candle bearish with a rejection wick from the weekly support. Price can move weekly to weekly, and looking at the trend, it is bullish, so next week might see a reversal, but all depends on the weekly closing.
#BTC closed the week at 50%—50% of the wick and body. Now that Monday’s market is open, the price jumped and is moving sideways. Closing over the level could be an early attempt or a sign of reversal.
Trading Crypto Guide ™
#US30 UPDATE: #US30 formed a double bottom after breaking the support area and is now rising. The price broke the resistance trendline, giving a strong break and shift in market structure. Closing shorts and taking longs can be beneficial with low risk.
The Strategy entity has acquired 267 BTC, thereby increasing its total holdings to 848,517 #BTC 📈
Sunday, October 4, brought the first daily close above the $85K wall, with the ETFs shut for the weekend. It was also a day of heavy profit taking. Of all the coins sent to exchanges that day, about 86% came from short-term holders, those holding for less than 155 days, moving coins at a profit. That is the highest share of any day in the past year; on a typical day it is under two fifths.
The sellers who met the breakout were the buyers of the past few months. If they keep sending coins to exchanges at this pace, the next push toward $85K would meet the same supply.
The sellers who met the breakout were the buyers of the past few months. If they keep sending coins to exchanges at this pace, the next push toward $85K would meet the same supply.
Trading Crypto Guide ™
#BTC closed the week at 50%—50% of the wick and body. Now that Monday’s market is open, the price jumped and is moving sideways. Closing over the level could be an early attempt or a sign of reversal.
Trading Crypto Guide ™
#GOLD is just dropping a little lower, not moving anywhere much. The price is ranging widely and slowing down from the support area; looking left, it appears daily consolidation is underway. Price is likely to be reversed from here, and if adding more shorts…
#GOLD dropped further and is still falling before starting to go sideways. It is also below the key resistance area. This sideways movement is pretty good, as a break below can lead to more short-selling in the market, or hitting the major resistance can be taken as a signal to do the same.
Trading Crypto Guide ™
#BTC closed the week at 50%—50% of the wick and body. Now that Monday’s market is open, the price jumped and is moving sideways. Closing over the level could be an early attempt or a sign of reversal.
#BTC is still in a sideways market and has now nearly tapped into the key resistance area. With price building a flag formation, a breakout needs to happen now.
Trading Crypto Guide ™
#BTC.D moved strongly after the breakout and move higher. Altcoins and a few other coins had a strong up move. The index is now approaching the next big and key area of 60.75% - 60.97%. Therefore, do not jump into alts early until it taps and a rejection,…
Premium paid points the same way. For most of the past year, traders spent more on puts than on calls: puts led on 234 of the last 365 days. That flipped after mid-August. On a 30-day average, traders now spend about $17M a day more on calls than on puts, about half the widest gap on the chart.
This is optimism building, and it can turn into froth if price stalls while traders keep paying for upside. History gives the setup no clear direction: in 13 past episodes since 2020 with short-dated calls this expensive against puts and volatility this cheap, Bitcoin was higher a month later in 7.
This is optimism building, and it can turn into froth if price stalls while traders keep paying for upside. History gives the setup no clear direction: in 13 past episodes since 2020 with short-dated calls this expensive against puts and volatility this cheap, Bitcoin was higher a month later in 7.
Buying #BEL here
https://www.binance.com/en/trade/BEL_USDT
Bouncing from uptrendline support on 1D timeframe ✌️
On verge of ascending triangle breakout 🚀
Short-term targets: 10%-20%-50%-70%-100%
https://www.binance.com/en/trade/BEL_USDT
Bouncing from uptrendline support on 1D timeframe ✌️
On verge of ascending triangle breakout 🚀
Short-term targets: 10%-20%-50%-70%-100%
#BEL/USDT
Forming descending channel pattern on 8H timeframe and looking ready for a breakout🚀✌️
A massive rally is expected from it in short term so getting a bag now✍
Forming descending channel pattern on 8H timeframe and looking ready for a breakout🚀✌️
A massive rally is expected from it in short term so getting a bag now✍
#BEL team giving us hint for something big which will definitely act as a catalyst needed for massive breakout from here ✌️
Higher high from here just buying and holding it✍
https://x.com/bellaprotocol/status/2112952063403696218 🚀
Higher high from here just buying and holding it✍
https://x.com/bellaprotocol/status/2112952063403696218 🚀
X (formerly Twitter)
Bella Protocol (@BellaProtocol) on X
We are cooking some new features
#BEL/USDT is rebounding from the support trendline of the symmetrical triangle. A decisive breakout above the triangle resistance could trigger an explosive bullish rally🚀
Trading Crypto Guide ™
#BTC is still in a sideways market and has now nearly tapped into the key resistance area. With price building a flag formation, a breakout needs to happen now.
#BTC gave a breakout of the flag pattern and dropped hard after the liquidity hunt, as drawn. Price is now again approaching the support area, and holding above it is expected.
#XRP Analysis:
#XRP is going sideways, with the market stuck between the major support and resistance areas of $1.27–$1.29 and $1.57–$1.62, respectively. This range represents a 21% tradable opportunity. The price can move to the other end of the market, and once a breakout occurs, we can take proper long and short positions. Remember, candle closure on higher timeframes (HTF) is very important.
#XRP is going sideways, with the market stuck between the major support and resistance areas of $1.27–$1.29 and $1.57–$1.62, respectively. This range represents a 21% tradable opportunity. The price can move to the other end of the market, and once a breakout occurs, we can take proper long and short positions. Remember, candle closure on higher timeframes (HTF) is very important.
The one-year map shows the other side. The largest single cluster above price runs from about $87.1K to $95.9K and is heaviest near $92K. Half of it has built up since late March, as short positions gathered above the range.
Should price push back through the ask block at $86.5K, forced closing of those shorts could add to a move higher. Until then, the nearer clusters below price matter more.
Should price push back through the ask block at $86.5K, forced closing of those shorts could add to a move higher. Until then, the nearer clusters below price matter more.
Trading Crypto Guide ™
#BTC gave a breakout of the flag pattern and dropped hard after the liquidity hunt, as drawn. Price is now again approaching the support area, and holding above it is expected.
#BTC had a break below the flag and a major area. Now price is retesting the zone as a support/resistance area. Even though it closes over it, we have to wait more for HTF closing.
The trading clock shows the same weakness. From July until the breakout on September 21, Bitcoin made most of its gains during US trading hours. Since the breakout, the US session has been a net seller, and all of Bitcoin's net gain has come in the rest of the day, including the weekend that carried Sunday's close above $85K.
US hours are when the ETFs and the stock market trade. Until that session turns positive again, the rally rests on thinner overnight and weekend trading.
US hours are when the ETFs and the stock market trade. Until that session turns positive again, the rally rests on thinner overnight and weekend trading.