TradeCityPro | APTUSDT The Beginning of a New Downtrend!👋 Welcome to TradeCityPro Channel!
Let's go back to the day when Trump imposed tariffs on the United States again, causing stocks and cryptocurrencies to fall and gold to rise. Let's take a look at our attractive altcoin chart
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
APT remains inside its large, volatile range, frequently bouncing between its highs and lows. However, this time, it has formed a lower high, which is not a positive sign.
Additionally, after breaking $7.78, sellers completely engulfed the weekly candle, and for the past five weeks, all candles have been red with high selling volume, confirming the downtrend.
There is no buy trigger at the moment, and I cannot recommend a buying opportunity until the market forms a new structure.
For selling, if APT drops below $4.97, it makes sense to exit and accept the loss instead of holding onto a losing position.
📉 Daily Time Frame
In the daily time frame, the power is in the hands of the sellers! After the parabolic line broke, we experienced a Sharpe decline, accompanied by the formation of a lower ceiling and floor, which has continued our downward trend.
The parabolic movement itself is a very rapid and bullish movement, and every time the price hits it, it quickly returns to its trend and is supported, but when this line is broken, that trend is practically over and we suffer, or we experience a Sharpe decline like this chart!
After the drop and the formation of a box between 5.136 and 6.491, the selling force was clearly evident in this space, because the last time we moved towards the ceiling of 6.491, we could not reach this ceiling and we were rejected earlier.
This rejection made us return to this support faster with a number of red candles, unlike the previous attempt where we moved up with a larger number of candles. Yesterday's daily candle also engulfed the previous 3 candles and is exactly ready to break 5.136.
If today's daily candle closes in the same way, the probability of a drop in the coming days will increase and increase. If you are a holder of this coin, it is logical to sell and after returning to the box and breaking its ceiling, buy with the same number of Tethers and reduce the probability of a drop and loss of capital for yourself!
✍️ Final Thoughts
Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️