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$GMT may go to 2$ soon. Watch out!!$GMT TRADE SIGNAL FOR THE WEEK - SELL BUY SELL GMT recently made a new all time high @$4.17. Breaking the previous high @$3.85. Price then created a double top on the 4hr, lower highs on the oscillator and fell hard from there. Similar scenario to $APE So now, what are we expecting?? If you said a pullback then you are correct! Friends Before we get one, I personally would like to see price tap our demand zone. I will be looking to go long around that zone especially after seeing lower time frame bullish confirmations and watch price trade above $3.13. A good 10-15% bullish run to 3.50 would be a nice play and I would not hesitate to take most or all profits at that level because we may see a run down to 2$ based off our knowledge on fibonacci retracements. On seeing bearish confirmations, I may take profits on buys and hop into sells after the pull back is completed. Wish us a successful trading week ahead. #$KC #Meekhill #Meekhillacademy #RICHMMDT
Long
by RICHMMDT
12
🎯BTC: Real Life wedge trading! Tutorial for traders!🌟 The picture of the wedge pattern is beautiful, but you have to understand how to trade in Real Life! In this idea I will try to teach you how to enter the trade and what to look for. The descending wedge is a bullish pattern. On the chart you can see how it works on Bitcoin. Over the past year, it has worked well in 3 out of 3 trades. 🎓What is the wedge? Wedge is the price consolidation in downtrend or uptrend. So if it`s UPTREND, the price making higher highs and higher lows. The whales in this case sell higher and higher. Ascending (uptrend) wedge is bearish pattern. So If it`s downtrend the price making lower highs and lower lows. The big players try to hunt trader stop losses to get the liquidity for their LONG positions. 🚩Let`s start from the May-July 2021 wedge! In addition to the descending wedge, there are several triggers to open a long: 1. false breakout (liquidity collection) of the $30K key level. A lot of stop losses were collected, a lot of traders were liquidated. The whales were happy. Additionally, pay attention to volumes as well as liquidation volumes. 2. squeeze under the upper boundary of the wedge and test it as support. Here you can open a trade during the squeeze under the trendline and after test it as support. It`s better to check at lower timeframe. All this added up to a long two-month consolidation with stops losses hunting and Bitcoin DUMP by 50-55%. Many traders simply lost faith and closed positions at a loss. The price rose by 50-60%, but if you had closed the trade on the next Dump, you would have a profit at least +30-35%. 🚩Next is the Sep 2021 wedge! In this case we didn't see big liquidations, the whales had enough liquidity, and everyone who shorted on this 23% drop became the fuel🔥 for further growth. Additional triggers: 1. a trend change. The price trend changed from a downtrend to a small consolidation and then started to create higher highs and lows. 2. squeezing under the local trend line on lower timeframes. If you switch to the 1 hour timeframe this is clearly visible. 3. test of the global and local trend line as support and growth without pullbacks (strength of the bulls). We close the deal as soon as the target is reached. If you continued to hold the trade for more than 10 days, the profit would be at least +30%. 🚩 Will the fourth wedge break up(4/4)? During this Apr 2021 wedge, we have not seen the huge liquidations yet. Also, we haven't seen bullish strength, squeezes under trend lines or levels. Therefore, we should wait for our entry point and don`t open trades without the confirmation of the trading strategy. I'll share with you my local ideas later. 🌐Globally, the market has been in a $30-67k consolidation for more than 1.5 years. Sooner or later the price will choose the trend and maybe even in the next few weeks. 🔥Trading is the combination of trading tools, using filters and non-standard methods, which I try to explain in my training ideas. Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
13
Are You Rdy GMT DOWN>?👌👌👍👍Well, now it's time to analyze the desired currency code for you and explain the reason for the decline. First, we are witnessing a high divergence and it should take a downward trend. Second, from the point of view of Elliott waves, it must complete its waves and take a downward trend, and the beginning of the waves is ready to work. The third has reached the top of the ascending channel and must return. The fourth trading volume has come down. Your friend Manouchehr Azar
Short
by ManochehrAzar
💘DOGE, ELON and TWITTER relationships in 1 idea!🔥On the rumors and after the news of the 🐦Twitter (TWTR) purchase, Dogecoin🐶 jumped by 37%. Dogecoin has a long relationship with Elon. Back in 2021, the entrepreneur started pamping this altcoin, after which Dogecoin grew by X200. So what do meme coin and the richest man in the world have in common? 🔎If you check the DOGE wallets, you will see that 50% of the TOTAL supply is owned by the top 14 wallets. It is a centralized coin and it is these wallets that sell their coins during the PUMPS. During the PAMPS by Elon Musk! I don't know if Elon helps the owners of these wallets or if they have a secret relationships, but Musk is doing them a great service. 🎓You can't sell something if no one buys it. Liquidity is a measure of how many people want to buy or sell cryptocurrency. If the market has low liquidity, then you can't sell a large amount of crypto. Very often big players face this problem (>$10-100M), but retailers can buy for $1000, $10000 or $100000 and the price won't even change. But if the asset has low liquidity, the price will go up very fast during a PUMP or fall quickly during a DUMP. Elon by tweets provides liquidity to sell for these wallets. 💥Immediately a large number of people want to buy, and if you look at the traded volumes, you will see that someone sold out very well. ⚖Balance changes of top Dogicoin wallets in the last 7 days: #1 -746M = $104,4M #2 +611M #3 -287M #5 +360M #6 -253M #20 -203M We can see the negative delta (BUY-SELL) of DOGE and these tweets are not on the HYPE, but when the price is only going up just by +37%! Can you imagine the sellout when DOGE was pumping by 20,000% in 2021? 📊Technical Analysis (TA). The price rebounded from the $0.122-0.125 support zone. Now it has successfully tested the trend line several times and has started to consolidate in the big value area of $0.139-0.147. If the support holds, then at least Doge will continue to consolidate, and at most it will continue to rise to local highs $0,17-0,18. Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
11
GMT Loading up for a move!Here's a quick Look at GMT 2 hr chart . As we can see, the price has been forming a symmetrical triangle and a break to the upside could be around the corner. We need BTC to get stable before it is safe to trade. The best entry would be, when the price breaks above symmetrical triangle with good amount of volume. Definitely one to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above the symmetrical triangle and take profits at the levels shown in the chart. Targets: 1. 3.44$ 2. 3.59$ 3. 3.83$ 4. 4.31 ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
8