Double top on 4h and diversion shows a bit sell trade
1. Analysis of current market situation: • Technical aspect: Bitcoin is still fluctuating at a high level in the short term, and has not effectively broken through key resistance (such as 100K), while the support below (such as 95K) still needs to be tested. Once it falls below, it may trigger a larger level of correction. • Emotional aspect: The market has fluctuated greatly recently, and some investors have taken profits at high levels, but panic selling has not yet been seen. Mainstream funds still tend to buy on dips. • Macro aspect: The Fed's policy, global economic uncertainty, and ETF fund inflows have limited short-term impact, but they are still supporting factors in the long term. 2. Operational strategy: • Short-term trading: If the price does not break through the 98K-100K range, you can consider shorting with a light position near 97.5K, with a stop loss set at 100K; if it falls below 95K, you can observe the support strength of 92K and wait for a rebound signal. • Mid- to long-term layout: The current correction may provide a buying opportunity on dips, focusing on the 90K-92K area. If the price stabilizes, positions can be opened in batches, but positions must be strictly controlled. • Risk management: Control leverage, strictly implement stop loss, and if market sentiment turns bearish, the possibility of a fall to $85K or even $80K cannot be ruled out.
CRYPTOCAP:BTC testing the bearish Rising Wedge's trendline after a hard rejection by the 200 MA on the Hourly. Another critical support being tested on the RSI, lose this and we might see another visit to $95k and range Lows ($91k). The TVC:DXY has been bleeding crypto once again, now crossed the 108.05 pivot... If it keeps going up, super bearish. Daily close on that Dollar Strenght chart better be below 108. Or I will only look for shorts until Monday. CRYPTOCAP:LINK is my candidate nr 1, testing the neckline of that Head & Shoulders I posted about yesterday (LINK/BTC chart). ?? PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included also the DXY chart, the main culprit in this crypto distaster this year, imo... BINANCE post LINK: https://tinyurl.com/bdf27b8p
This cycle is huge! will be the next of all cycles for sure!
On BTCUSD, as you can see on the chart we have a high probability of seeing the market go up over a 15 minute time frame.
1:1 profit has been achieved Now let's aim for 1:2 Secure half of the profits and let the rest run to full TP
The correction appears to be a symmetrical pattern. This formation is suspicious, and we should expect the possibility of this index reaching the upper red box. Once wave i is completed, a major stop hunt on altcoins will occur, allowing the market maker to accumulate more liquidity. Let’s see what happens. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Different Types of Crypto Trading There are many ways to trade. Each trader might have their own favorite strategy, or combine a few. Here are two examples of crypto trading strategies we use at EngineeringRobo. 1) Trend following These strategies move in line with the market. According to this approach, you should buy an asset when its price goes up and sell it when it goes down. Why is that? Because you are expecting price movements to continue in the same direction. 2) AI BUY - AI SELL EngineeringRobo AI strategies leverage artificial intelligence to make buy/sell decisions. They automatically choose among the different strategies available at a given time, based on predictions for the short-term future. 3) Smart Money 4) AI Social Intelligence Score
Price has been moving in a rising channel and currently, it’s finding resistance at the middle line and a price level of 44968.9 technically, we may likely see Price fall back to the lower channel support level.
Banknifty is looking dull, upside looks tough. Banknifty can slip up to a range of 48994-49315 if it breaks the support range of 49750-49350. For upside, a base level would be 50427. And if Banknifty successfully crosses and sustains above 50832, then we can expect strong upside up to levels of 51850-52270 in the upcoming week. Disclaimer-: NOT A BUY/SELL RECOMMENDATION!!!