Cryptomarket
Bitcoin is at a decision point.I would not be surprised if Bitcoin started correction waves from the Fibonacci 1.618 point.
RSI also looks weak.
Less likely, correction waves may begin after Fibonacci rises to 2.618 levels.
Harmonic patterns often target Fibonacci 1.618 levels.
Trump has had a major impact on the world economy and politics recently. This impact has also affected the crypto markets. Therefore, it makes sense to revise our analysis.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Bitcoin Technicals Flash Warning – Smart Money Watching!Bitcoin has been forming a series of lower highs and lower lows since its all-time high (ATH) of $109,568, indicating a potential downtrend. The support level, which previously held strong, has now been broken and is acting as resistance. The recent price movement suggests a retest of this broken support, which could confirm further downside if rejected.
The 100 EMA is positioned above the price, reinforcing bearish pressure. If BTC fails to reclaim this level, the price may continue to decline. RSI is hovering around 41.51, indicating weak momentum, with no strong bullish signals yet.
Bullish Scenario: A reclaim of the broken support and a move above $90,000 could invalidate the bearish setup.
Bearish Scenario: A rejection from this level could lead to further downside, potentially targeting $75,000-$72,000.
BTC/USDT 4H Chart Update. Current Price: ~$78,336
BTC has broken below the symmetrical triangle and is testing the key horizontal support between $78,424 and $79,183.
A wick is visible below the support, but the candle closed within the area, indicating a potential fakeout or demand absorption.
Resistance (downtrend line): ~$85,500
Support Zones:
Primary: $78,424
Secondary: $79,183
Immediate Resistance: $82,000 – $83,000 (recent breakdown zone)
Outlook & Scenarios:
Bullish Reversal Scenario (Green Arrow):
The green arrow projection suggests a potential bounce from this demand zone.
If BTC reclaims $80K+ with strong momentum, it could aim for the descending trendline near $85K.
A bullish confirmation would be a 4H candle close above $80.5K–$81K.
Bearish continuation (if support fails):
If the price fails to hold this support zone, the next downside targets could be:
$76,000
$73,500
Sentiment factor:
The previous sentiment (Fear & Greed Index: 28 – Fear) reflects ongoing market caution.
Price action near key support in the fear zone could trigger a short squeeze or panic sell-off, depending on volume and reaction.
Summary:
BTC is at crucial support, and unless volume confirms a deeper breakdown, the bounce is likely to be short-lived.
Moving back above $80K would signal that bulls are regaining control.
Want any strategy ideas for trading this setup?
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
The Case for $XLMA laggard compared to its sister, XRP.
XLM showing potential for a breakout. XRP & XLM once traded together almost systematically, XRP was able to break out of its wedge repeating its performance of 2017. Although past performance does not indicate future performance its important to reference.
XLM seems ready to sweep sell side liquidity one last time before its next leg up out of its wedge.
Ill continue to add to this thread as the days go on.
Is Bitcoin about to touch the 50 SMA and BOUNCE ?
Just a Quick Idea - But the 50 SMA has been a Good Lauch pad previously in 2024 - Is it about to do so again ?
We also have the MACD ( Weekly ) nearing Neutral, It also bounced off this level in 2024
We will know by tomorrow or Tuesday, Just what is happening
HANG ON
BTC Weekly – System Says Wait
BTC closed above the 200 MA — structurally bullish.
But the system remains bearish:
LR < SMA < BB center
PSAR dots above price
No setup confirmed. No rule = no trade.
After a macro-heavy week, BTC is holding, but that can flip fast.
This is where discipline protects you.
You can have the best system, but without the right mindset, it won’t help you.
Discipline is more than following rules — it’s about being in the right state to trust them.
I don’t predict. I follow.
The system keeps me calm, focused, and out of emotional trades.
BTCUSDT WEEKLY : BEARMarket Will be start Hi Guys , Good day,
Be carefully, I think bull market is finish ,
I think the bull market may be over. Be very careful with your trades. Check the charts and see where we are at a sensitive point.
SecondChanceCrypto
⏰ 6/april/26
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
TradeCityPro | Bitcoin Daily Analysis #53👋 Welcome to TradeCity Pro!
Let's dive into the analysis of Bitcoin and key crypto indices. As usual, I want to review the New York futures session triggers for you.
💥 If you missed yesterday's analysis, I highly recommend checking it out. I cleared all the lines from all charts yesterday and redrew them from scratch, and now we have new areas that are optimized compared to before.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, there was a symmetrical triangle that has broken downwards, and now it's ready to activate its trigger if it breaks and move downwards.
⚡️ So, for opening a short position, you can enter upon breaking the short-term support at 82633. Preferably, keep a small stop loss so that if the price reaches 81473, the target of the position becomes active.
🎲 Although the triangle has broken, no significant selling volume has entered the market yet, and it's evident that the price is waiting for a good volume to enter to bring momentum.
📊 If no selling volume enters the market, the price could potentially move upwards towards the trigger at 83555. This trigger is risky for a long position, and breaking this area, we can open an early long position.
👑 BTC.D Analysis
Moving on to the analysis of Bitcoin dominance, as you know from yesterday's analysis, we concluded that the dominance trend is upward, and recently, with the breaking of 62.24, the next leg has started.
✔️ Currently, in this timeframe, a ranging box has formed between 62.65 and 63.07, and breaking the top of this box could continue the upward trend. On the other hand, breaking the floor at 62.65 could disrupt the upward trend for now, but as long as this doesn't happen, I still think the dominance has an upward trend.
📅 Total2 Analysis
Moving on to the Total2 analysis, this index is on a very important support floor in the area of 965B, and given the downward momentum that this index has had before, there is a possibility that this area might break.
🔑 If this support breaks, the next downward leg can start. Conversely, the same reason might cause this support to become so strong that it doesn't break.
📈 If the price is supported from this area and moves upward, the first risky trigger for long is at 989B, and the main trigger will be at 1.02T.
🔽 For short positions, as I mentioned, the 965B area is very important, and breaking this area could open a long-term position.
📅 USDT.D Analysis
Moving on to the analysis of Tether dominance, this index is dealing with an important resistance in the area of 5.53, and breaking this area would be akin to breaking the 965B in Total2.
☘️ For confirmation of a long position, 5.41 is suitable.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | RUNE: Decoding Its Descent in DeFi Markets👋 Welcome to TradeCity Pro!
In this analysis, I want to discuss the RUNE coin, which was requested in the comments of yesterday's analysis. This project is one of the DeFi projects, with a market cap of $383 million, ranking 118th.
📅 Weekly Timeframe
In the weekly timeframe, as you can see, it has started a downward leg from the peak of 6.894 and is moving downwards, reaching the area of 1.110.
✔️ Currently, it seems that the downward momentum has slightly decreased, and the price is moving downward more slowly. The RSI oscillator is also near the 30 area, ready to enter into Oversell and introduce a new downward momentum into the market.
💫 If this occurs and the price consolidates below 1.110, the next support will be 0.816, which is a very important floor, and if this area breaks, the last support the price will have is 0.386.
🔑 On the other hand, if the price is supported at 1.110 and breaks the trend line that the price has, we can confirm a trend change and the start of a new upward trend. The main trigger will still be 6.894.
📅 Daily Timeframe
In the daily timeframe, the price has a range box between 1.091 and 1.504, and after the downward leg following the break of 3.210, it has now entered a ranging phase and is ranging in this area.
🔽 For a short position, given that the price has hit a lower high compared to 1.504, the likelihood of breaking the floor of the box is high, and with the break of 1.091, we can enter a short position.
📊 An important point is that the market volume in this range box has decreased significantly and keeps decreasing. With the entry of volume in any direction, the market can start moving in that direction.
📈 If buying volume enters the market, the first long trigger is the break of the 1.504 area. This area overlaps with the 0.236 Fibonacci, and breaking this area, the next important levels are 0.382, 0.5, and 0.618 Fibonacci.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Pi network is trying hard.I know recently the Pi pioneers are getting mad because of the prices are getting lower, be chill, be cool guys.. that is the process to making a new high and lows. It has to be that way in the market. All what we need it patients and time, the rest let the news and core team make it happen.
According the chart pattern, we need to wait the breaking of 4hour chart structure bearish patten to be broke, and waitting the next equil to break up. Foresee if the equil is brok, we will see the sunlight of $1.00 mark up.
XRP Weekly-Monthly Analysis / Retracement Levels for BuyTHEN - NOW@ XRP Weekly-Monthly Analysis / Retracement Levels for Buy (...and we keep going)
Weekly - Monthly trend: Bearish
Chart Pattern: Head & Shoulders (H&S) - Bearish Continuation Pattern
Bearish Candlesticks signals:
HANGING MAN (Bearish, Single Candlestick pattern) / Weekly Timeframe / 09 DEC 2024
BEARISH ENGULFING (Bearish, Double Candlestick pattern)/ weekly Timeframe / 27 JAN 2025
TWEEZER TOP (Bearish, Double Candlestick pattern) / 1 Day timeframe / 20 FEB 2025
FALLING THREE METHODS (Bearish, five-fold Candlestick pattern) / 1 Day timeframe / 07 MAR 2025
BEARISH ENGULFING (Bearish, Double Candlestick pattern)/ weekly Timeframe / 24 MARCH 2025
Retracement Fib Price Levels:
0.00% (3.4000)
23.60% (2.6879)
38.20% (2.2474)
50.00% (1.8914)
61.80% (1.5353)
78.60% (1.0284)
100.00% (0.3827)
Good prices for buy (the lower the better):
61.80% (1.5353) – Golden Zone / Golden Pocket
78.60% (1.0284) – Entry Zone
Between 78.60% (1.0284) and 100.00% (0.3827) is the Risk Zone, which we have the Neckline of the ‘’ Quadruple Bottom Pattern ‘’ at the price range ‘’ 0.6291 – 0.7850 ‘’
ZROUSDT – Short SetupI'm taking a short position on #ZROUSDT after a Break of Structure (BOS) confirmed a shift in market direction, following a Change of Character (Choch).
Price retraced into the 15-minute Fair Value Gap (FVG) and tapped into the premium zone near the 0.5–0.618 Fibonacci level, offering a good entry for a short setup.
Entry: Around 2.98
Stop Loss: Above 3.07
Target: 2.88 - 2.8 - 2.67
Risk/Reward Ratio: 1:3.4
Waiting for follow-through to the downside. Trade safe and always manage your risk.
COTI ANALYSIS 📊 #COTI Analysis
✅There is a formation of Descending Channel Pattern in weekly time frame in #COTI.
Also there is a perfect breakout and retest. Now we can expect a bullish move from major support zone. If not the we will see more bearish move and then a reversal in #COTI.
👀Current Price: $0.06390
🎯 Target Price : $0.08660
⚡️What to do ?
👀Keep an eye on #COTI price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#COTI #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
TradeCityPro | Bitcoin Daily Analysis #52👋 Welcome to TradeCity Pro!
Let's delve into the analysis of Bitcoin and the key cryptocurrency indices. Today, we have a detailed analysis on hand, and I want to start from scratch by drawing all the lines for Bitcoin and other indices so we can get informed about the higher time frames without drawing unnecessary lines.
🔍 Let's get into the analysis, where the charts will be examined in weekly, daily, and 4-hour time frames.
🦁 Bitcoin Analysis
📅 Weekly Time Frame
Let's explore the weekly timeframe. As you can see, the market trend is bullish, and since the price reached the low of 16,000, a bullish structure has formed, and the price has moved upward along a curved trendline. The trendline isn’t very clear on the chart, so I'll put another chart below for you if needed.
✔️ Currently, after two powerful bullish legs that occurred after breaking 31,000, the price has reached the resistance of 104,000 and has entered a corrective phase. The price was moving up with high momentum and no divergence until it reached 71,000, but the next peak at 104,000 was accompanied by divergence, and now the RSI is near triggering this divergence.
⚡️ Overall, the price is in a very critical and sensitive area, and breaking the 44.83 area on the RSI could activate the divergence, and simultaneously, the price may also break the curved trendline, which is not a good sign for the bullish trend and could indicate a trend reversal.
🔼 We must consider that the last bullish leg from 54,000 to 104,000 was much shorter compared to the leg from 31,000 to 71,000. However, I personally see the trend as bullish until the price drops below the 71,000 area, and until a lower high and low are seen below this area, the trend will remain bullish.
📊 If the price sharply falls, breaking 54,000 will confirm a trend change. However, we can get confirmation of a trend change sooner in lower time frames, which I will discuss in the continuation of the analysis.
💥 But everything is set for Bitcoin to rise. The RSI oscillator is at its main bottom, and in this bullish cycle, each time the RSI reached this area, the next bullish leg started. On the other hand, the price has reached the curved trendline, and there is positive news like Bitcoin's strategic reserves in the US, so conditions are ripe for a rise.
📈 Thus, with a break of 104,000, we can confirm the next leg and buy Bitcoin targeting a new ATH.
🎯 To find the target, we can use Fibonacci Extension. As you see, the price has moved up to the 0.618 Fibonacci level and reached the 104,000 area, currently in a corrective phase to 0.382. If it can rise above 0.618 again, the next targets are 0.786, 1, and 1.272, which correspond to areas 123,000, 154,000, and 204,000, respectively.
👀 Let’s go to the daily timeframe to observe the price details more closely.
📅 Daily Timeframe
In the daily timeframe, as you can see, in the bullish leg that occurred after breaking 71,000, the price moved upward and reached 106,000 and, after breaking the 0.236 Fibonacci overlapping with 92,000, went into a deeper correction to 0.5.
⭐ In this corrective leg, the price has created a descending trendline that has been touched several times by the price and is now still engaging this area. If it can break this trendline, the correction will end, and we could see a price increase again.
🧩 In the RSI oscillator, a resistance has formed at 52.26, and breaking this area could bring bullish momentum into the market, which increases the likelihood of breaking the trendline and activating its trigger.
⚡️ There is also a temporary support in the area of 82,124, and if the price gets rejected from the trendline, the likelihood of breaking this support increases, and the price could undergo another bearish leg down to areas 76,000 or 71,000.
🛒 Currently, for buying Bitcoin in spot, the first trigger is the breaking of 87,740, which is a trendline trigger and will be activated after the trendline is broken. The main trigger will be after breaking 106,546, which is the ATH, and a new bullish phase could start.
☘️ The next trigger for Bitcoin is further falls and reaching lower support areas. If the price reaches areas 76,000 or 71,000 and forms a structure there, with the break of the ceiling of the structure, we can carry out a spot purchase, and if this happens, I will specify its triggers in future analyses.
⏳ 4-Hour Time Frame
Let's go to the 4-hour timeframe to review the triggers for Bitcoin futures.
🎲 As you see in this timeframe, a descending triangle has formed, and the price is moving inside it. The dynamic line of this triangle is the daily trendline, and the static line of this triangle is the 81,509 area, which both are important areas and can have a significant impact on the price.
✔️ We are currently in the latter half of the triangle, which is why behaviors and irrational fluctuations have increased, and as you can see, the price has once broken the ceiling of this triangle but couldn’t reach the trendline break trigger and has returned to the triangle.
📈 Currently, for a long position with the break of 84,414, you can enter a position. This position is risky because the trigger is inside the triangle and will be a prelude to breaking the daily trendline. The next main trigger will be after breaking the trendline and activating the 88,344 trigger.
🔽 For a short position, the bottom 81,509 is a very important floor, and with the break of this area, the price can move towards the triangle's target and the 78,620 support.
👑 BTC.D Analysis
📅 Weekly Time Frame
Let's move on to the analysis of Bitcoin dominance. In the weekly timeframe, as you see, a slow and steady bullish trend has been created after breaking 47.33, moving upward along with a bullish trendline, and has once broken this trend from below but has returned above this dynamic area.
🧲 As long as this index is bullish in the bullish legs of the market, Bitcoin will move up more than altcoins, and the increase in Bitcoin dominance causes altcoins to behave very similar to Bitcoin, and it is less likely that the trends of altcoins and Bitcoin diverge.
📚 You can see the impact of this trend inside the Bitcoin and altcoin charts. Bitcoin has registered its previous peak at 106,000 and has recorded a much higher ATH compared to 69,000, but most altcoins in this leg that the market had didn't even reach their previous peaks.
✨ The trend is still bullish without any weakness, and recently, an important ceiling in the area of 60.37 has been broken and has pulled back to it, and now it is moving towards the next resistance, namely 71.43.
💥 But I think dominance will fall before it reaches 71.43 because the dominance is very high right now, and any correction that Bitcoin has causes very severe falls inside the chart, and well, when altcoins fall enough, whales and major investors will enter the altcoin market, which naturally causes Bitcoin dominance to fall.
🔑 So to know when major investors and whales enter altcoins, we have to wait until Bitcoin dominance falls, and this event is currently happening in the weekly timeframe after breaking the trendline and confirming a trend change below this trendline, and until then, Bitcoin will be the capital for better purchases.
📅 Daily Timeframe
Let's move to the daily timeframe. As you can see, after breaking the resistance of 60.37, dominance created a box between 60.37 and 62.16, and now with the break of the box's ceiling, a new bullish leg of dominance has started.
✔️ I usually analyze dominances only with simple tools like support and resistance, but now because I can't get any targets out for dominance, I took help from Fibonacci, and as you see, the potential resistances of dominance are 63.31, 65.15, and 66.49.
🔍 Currently, there is no sign of weakness or trend change in this timeframe, but if for any reason dominance falls and returns below 62.16, we will take the main confirmation of trend change from 60.37.
😎 Let's go to the 4-hour timeframe to find suitable triggers for these dominance futures.
⏳ 4-Hour Time Frame
In this timeframe, we have a temporary ceiling in the area of 63.02, and if it is broken, the price can continue its bullish movement.
💫 For dominance to fall, we currently don't have any triggers in this timeframe and have to wait for a bearish structure to form.
📈 Total2 Analysis
📅 Weekly Timeframe
Let's move on to the analysis of Total2. In this chart, we can very clearly see the impact of Bitcoin dominance on altcoins.
👀 As you can see, the conditions of Total2 are very similar to Bitcoin and are converging, but Bitcoin in the last bullish leg it had registered a new ATH, and Total2 could not do this. On one hand, Bitcoin has just reached its curved trendline and is reacting to it, but Total2 has broken this trend line and has performed a bearish leg. For example, Bitcoin has not yet reached the 71,000 area, but Total2 has long broken 1.21T and is moving towards the bottom of 816B.
🔑 The reason for all these events is that Bitcoin dominance is bullish and causes more money relative to altcoins to enter Bitcoin, and this also makes the bullish trend of Bitcoin more powerful than this index.
🛒 For buying altcoins, the triggers of Total2 are areas 1.21T and 1.61T, but until Bitcoin dominance falls and its trendline is broken, do not pay attention to these triggers and enter the market with Bitcoin triggers while dominance is bullish.
📅 Daily Time Frame
Let's move to the daily timeframe. Concurrent with the fall of Total2, a descending channel has formed, which in Bitcoin was a descending trendline, but here, as you can see, Bitcoin is involved in breaking the trendline and starting an upward wave, but Total2 has long been rejected from the trendline and is involved in breaking the middle line of the channel, which overlaps with the 961B area, and with the break of this area, the next price leg can start.
⚡️ This is another example of the impact of Bitcoin dominance on the market. I mentioned these examples to get you to take dominances seriously and know how important they are and can help us in analysis.
🔽 The trigger for the fall and bearish turn of Total2, as I said, is the breaking of 961B, and if this area is broken, the price can move to the static supports of 816B and 683B. The dynamic support is the bottom of the channel, which can act as a support to prevent the price from falling.
📈 For bullishness and buying spot, breaking 1.1T is suitable. Again, I remind you that until Bitcoin dominance falls, these triggers are not very useful and do not initiate the trend of altcoins.
⏳ 4-Hour Time Frame
Let's move to the 4-hour timeframe to review the triggers for futures.
⭐ In this timeframe, I don't have much to say, and I just want to specify the triggers for you. For a long position, the area of 1.02T is suitable, but it is better that this happens after breaking the channel, which would turn it into a better trigger. The main long position will occur after breaking 1.1T.
📉 But for a short position, we have a very good and important trigger in the area of 961B, and I suggest that you definitely have a short position on an altcoin if this area is broken.
✔️ USDT.D Analysis
📅 Weekly Time Frame
In the weekly timeframe, Tether dominance has created a large box between 3.78 and 6.21 and has been moving between these two areas since early 2024.
💥 On the other hand, it has a descending trendline that the price has touched twice, and now it has reached it for the third time. A trendline that has been reacted to twice is not a very reliable trendline, but if the price returns from this area this time, we can confirm that this trendline exists and is a dynamic supply area.
☘️ Currently, with the range box that has formed, we have a very easy job for Tether dominance. With the break of 6.21, we confirm bullishness, and with the break of 3.78, we confirm bearishness.
📅 Daily Time Frame
Let's move to the daily timeframe, where we can witness more details.
🎲 As you can see, the price is very close to the trendline that was evident in the weekly timeframe and can activate its trigger.
⚡️ If the trendline is broken, a very important trigger exists in the area of 5.68, and with the break of this area, we can get confirmation of the bullishness of dominance at least until the ceiling of 6.34.
🧲 On the other hand, if dominance is rejected from this trendline, with the break of 5.03, dominance can create another bearish leg down to 5.37 or 3.78.
💣 I have nothing else to say about Tether dominance because its trend is ranging, and its situation is clear for now, let's move to the 4-hour timeframe to review the triggers for futures.
⏳ 4-Hour Time Frame
In this timeframe, we can change the trigger for bullishness a bit and bring it to the area of 5.56. If this area is broken, dominance can start a bullish leg.
🧩 For Tether dominance to fall, we also have a riskier trigger in the area of 5.43, and the main trigger will still be the area of 5.03.
🚨 This was a complete analysis of Bitcoin and the indices. It had been a while since we had looked at the higher timeframes, so I decided to review all the symbols in three timeframes. I hope this helps you and you can use this analysis.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | BNB: Analyzing Its Position in the Crypto Titans👋 Welcome to TradeCity Pro!
From today, we're returning to our usual routine on the channel, where we will provide two altcoin analyses and one Bitcoin analysis daily.
🔍 In this analysis, I want to review the BNB coin for you. It's one of the most important cryptocurrencies, with a market cap of $84 billion, ranking 5th in CoinMarketCap.
👀 This coin is officially for Binance exchange and is part of the projects that are profiting from the crypto space with a positive balance sheet. Let’s technically analyze this coin as well.
📅 Weekly Timeframe
In the weekly timeframe, as you can see, there is a very large range box from 208 to 662 where the price has been moving since 2021.
💫 Currently, in the last leg where the price moved, it was supported at the area of 208 and began to form a base, then after breaking 352, it started an upward movement up to the resistance area of 662 to 746.
✔️ After reaching this area, a corrective and resting phase of the price began, and a box has formed between this area and the 501 area. The 501 area overlaps with the 0.236 Fibonacci, making it a very important PRZ for BNB.
❌ If you already own BNB, you can set your stop loss if the price consolidates below the 501 area because if this area is broken, the next significant support the price has is the 352 area, which is the most crucial support in this trend and overlaps with the golden Fibonacci area, and a fall to this area could happen.
🛒 For buying in spot, first of all, you must wait until buying volume enters the market so that the price can move upwards. The main trigger for spot is the break of 746, and if this area is broken, the main upward trend can start because the box that the price has built since 2021 will also be broken.
💥 Let’s move to the daily timeframe to analyze the price movement in the short term.
📅 Daily Timeframe
In this timeframe, we also have a range box from 484 to 750, and in this leg, an expanding triangle has formed, which causes the market volatility to increase and the price to show less reaction to static areas.
⭐ On the other hand, because we have a range box and the price is ranging, we can't rely much on indicators and oscillators because they give us incorrect data.
🎲 In this market condition, we shouldn't check too much data and unnecessarily clutter the chart. For a long position, you can enter with the break of the 638 area. It would be better if this break occurs simultaneously or after the triangle break, allowing for more risk.
🔼 The main trigger for buying in spot, as mentioned in the weekly timeframe, is 746, which becomes 750 in this timeframe, and you can proceed with your spot purchase if this area is broken.
📉 For short positions and in general for a bearish scenario, the first trigger is 569, which is a very risky trigger, and in my opinion, we should wait for the price to react to it to be sure of the exact place of this area.
✨ The next triggers are 531 and 484, where 531 is a logical trigger and 484 is the main trigger for a trend change in the large market cycle.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️