AlgoBotTrading

AlgoBotTrading

#BTC crossed below the recent ascending channel as was expected. In fact BTC had the potential to move towards 69,000 level but the recent GeoPolitical news might have affected the upward move. it's expected to see a retest of the broken channel and the 64,600 - 65,700 zone followed by a sharp drop in the market. 8H close below 62,300 level shall further confirm...

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As analyzed and predicted, #BTC precisely followed previous analysis and pushed through the resistance area of 64,600 - 65,700 zone. As a result Altcoins followed BTC's move and continued their pumps. BTC's movements need to be watched over carefully now as 69,000 - 71,100 zone is indeed the danger zone as several different resistances are present in that area...

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Gold has been in an uptrend since early 2024 due to fundamental and Geopolitical factors. Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen. Once the top is formed and confirmed, Gold shall spend some weeks in...

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As stated before the 64,600 - 65,700 zone has been the important resistance zone and #BTC has been forming trading range below this zone for nearly a week now. looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the...

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#DYDX has just broken the mid-term trendline that started in March 2024 and is most probably heading for the higher targets of 1.2 - 1.46 - 1.77 - 2.15. The setup is ideal for a Spot position and as long as there's no daily close below 0.89 level, this analysis is valid.

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#TON has seemingly formed a symmetrical triangle and it seems it's going to make a breakout from below. The trigger for the Short entry would be a 4H close below the 5.44 level and the targets would be: 5.28 - 5.11 - 4.94 - 4.77 Stoploss would be 5.56. Max lev allowed 3X

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Following previous analysis, #TOTAL3 rose towards the resistance zone and after touching the 580B level, it started to drop but FED's decision to cut the rates by 0.5% prevented further drop and market pumped as analyzed before FED's meeting. TOTAL3 is now in the vicinity of the mid-term trendline and we can expect some drop during this week. What comes next...

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#Alt is seemingly breaking the mid-term downtrend, a daily close above 0.1140 zone would create a low risk buy/long opportunity for the following TPs: 0.1640 - 0.2160 - 0.2840 Stoploss for this analysis would be a daily close below 0.1080 level

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#USDT dominance is most probably heading for the lower level of 5.3% which means BTC and the rest of the market can possibly rise to higher levels. But 5.3% area is a very critical zone and if it's going to be broken, it won't get broken without an initial reaction. So we can expect to see some rise from the mentioned level which means Long positions must be...

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Following FED's announcement and the 0.5% rate cut, market's reaction was positive and many coins experienced pumps as was expected. #BTC was no exception as well and the announcement helped BTC push through the 60,000 - 61,000 resistance zone. Most important level ahead is probably 65,700 as daily close above the mentioned level can take BTC to 71,000 area.

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Just as predicted, #BTC started to drop from the identified zone and crossed below the trendline. Over the past 24 hours, it has dropped by 5% so far. The first stop for this dump is probably in 55,000 - 56,000 zone.

AlgoBotTrading

#BTC is currently in an important resistance area of 60,000 - 61,000 . Some bearish signs are visible on the chart, as soon as the blue trendline gets broken, market will most probably face intense sell pressure and BTC will probably head for 55,000 zone and then 52,000. Sell strategy is advised!

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#TOTAL3 perfectly followed previous analysis and had an upward move towards 565B - 580B zone during this week and many altcoins had at least 15% - 20% pumps. TOTAL3 is currently in a resistance zone and its reaction to this zone must be observed carefully, if the current initial bearish signs get stronger, we'll have to look for sell setups in altcoins.

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Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high! In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term) While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the...

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BTC dominance chart in Monthly timeframe suggests that it's possibly moving towards higher zones most importantly 65% - 67% zone! if the Sep and Oct monthly candles close above the trendline and 59% level, it's highly possible that 65% - 67% zone is the next target area which will probably be touched in Q2 or Q3 2025. This possible rise in BTC dominance means...

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4H candle is closed very bullish! The next important levels for BTC: 56,900 and 59,900 If we see bearish signs up there, we prepare for Sell/Short positions.

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#TOTAL3 followed previous analysis and started to drop from the vicinity of the 630B zone and crossed below the support zone of 565B - 580B . 520B area was a demand zone which was touched on Friday. it seems TOTAL3 is heading for a retest of the broken zone of 565B - 580B meaning that altcoins are going to have some upward move during the upcoming week.

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Unfortunately, despite having a bullish divergence in 4H timeframe and reaching the support zone of 54,600 - 56,100, #BTC didn't show the small pump that was expected! there's probably an underlying reason for this that we don't know yet but maybe something is going to take place in the coming days! Anyways, since the bullish divergence didn't work and BTC...