AlgoBotTrading

AlgoBotTrading

Having reached 69,000 zone, BTC started to dump right after the weekend. After some -4% drop, BTC reached the demand zone of 66,700 and recovered some of the drop but considering the bearish signs on the chart, BTC is expected to cross below the mentioned support zone and touch areas such as 65,000 and 62,000 zones!

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In the previous analysis it was stated that 2,700$ could be a local top for Gold before heading for a correction. In fact the highest high for Gold was 2,685.64$ before dropping to 2,604.3$ where it touched the ascending dashed trendline. Technical and Geopolitical factors pushed Gold to higher levels once again. Having set a new ATH, Gold is probably making its...

AlgoBotTrading

#Total has been rising for the past 7-8 days and has managed to hit 2.3T area. Since there are multiple resistances present in the mentioned area, it's possible to see some dump in TOTAL. The trigger for the drop is the breaking of the blue ascending trendline. If the dump is confirmed, TOTAL can drop to 2.13T - 2.16T zone.

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So far so good! #USDT dominance has managed to hold above 5.21% level and has crossed above its descending trendline according to yesterday's analysis. it seems USDT.D is heading for 5.46% as the first target so it's safe to assume that BTC and other coins will probably dump some more.

AlgoBotTrading

While BTC has touched levels above 66,500 (not a solid daily close yet), USDT dominance has not yet broken below the 5.21% level and some bullish signs are visible. Since the chart has reached a time element in 1H timeframe and will reach the 4H time element by Friday, we might see some upward reaction in USDT.D meaning that there will probably be some dump in the...

AlgoBotTrading

In the previous analysis we were expecting #USDT dominance to reach 5.99% level and above. But after hitting 5.92% level, it has been dropping. Crucial moments are drawing near as 5.21% - 5.31% support zone is indeed the decisive zone for the entire market. A daily close below the mentioned zone shall result in a heavy pump in the market. (given the fact that it...

AlgoBotTrading

In the previous analysis (1H) it was stated that 63,500 can temporarily stop the price from moving further up and we were expecting a small drop in #BTC. In fact the mentioned zone stopped BTC from pumping for a couple of days. But BTC has been pumping again since early hours today. it seems it is finally time for the crucial and decisive move in BTC. a Daily...

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With some -16% drop from the entry zone, #WLD touched TP4 of the short setup. Using a 5X leverage, that would be some 80% profit. Nice trade indeed.

AlgoBotTrading

After dropping to 58,800 zone, #BTC has been pumping on Friday. Having reached 63,500 level, it's possible to see some negative reaction to the mentioned level. BTC might re-touch 60,600 zone following the possible negative reaction. There's still no bearish structure visible on the chart so we'll have to keep watching it.

AlgoBotTrading

#USDT Dominance has moved according to the previous analysis so far. After reaching 5.47% level, initial reversal signs appeared on the chart and upon crossing above the trendline, the new upward move got confirmed. USDT.D is expected to continue towards areas above 6.0% level meaning that BTC and the rest of the market will probably continue to dump to lower levels.

AlgoBotTrading

US oil has followed previous analysis very well and due to current geopolitical tensions in the middle-east, the second target (78.3) was hit quickly. After precisely hitting TP2, US oil price has had a sharp drop towards the support zone of 72.0. If the chart forms a base in this area, it's expected to see the continuation of the rise towards 82.0 level which is...

AlgoBotTrading

#WLD 1H Short Setup Trigger: 1H close below the ascending trendline (risk-takers can already open the position) TPs: 1.845 - 1.78 - 1.72 - 1.655 - 1.585 SL: 2.081 Avoid high leverage please.

AlgoBotTrading

If VRA makes a 4H close below the blue trendline, it will probably drop to lower levels. Targets would be: 0.002780 - 0.002640 - 0.002480 - 0.002335 and SL would be just above the blue trendline. One should keep in mind that the trigger is a strong 4H close below the blue trendline

AlgoBotTrading

#USDT dominance got close to 5.99% level and had a slight drop to its current zone of 5.47% - 5.63% and initial signs for another rise are visible. If USDT.D manages to cross above the blue trendline and 5.63% level, it will continue to higher levels. The strength of the next move is crucial to the overall market's condition.

AlgoBotTrading

Previous analysis on #TOTAL3 played out pretty well. TOTAL3 touched the first target of 650B and then dumped below the descending mid-term trendline again (because of BTC's dump). Since TOTAL3 is probably retesting the mentioned trendline as well as the short-term blue trendline, 600B zone is the area we can expect the dump to continue towards lower levels...

AlgoBotTrading

Looking at US oil chart, it seems the chart is creating a bullish structure at the moment. Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3. The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will...

AlgoBotTrading

USDT dominance has followed previous analysis beautifully. The reaction to 5.3% zone was strong indeed and as a result the whole market dumped heavily. The next important area ahead of USDT.D is 5.99% - 6.04% zone where a reaction can be expected but judging by the strength of the recent move, it's high possibility that USDT.D will push through the mentioned zone...

AlgoBotTrading

On point analysis and warning! Just as predicted and expected, #BTC crossed below the ascending channel and broke through the 62,300 level and market is under an intense sell pressure. We'll have to follow the downward move. If it reaches the 50,000 low, it will break the support zone.