Over this week BTCUSDTPERP showed us it is ready to test higher levels.
Uptrend A reveals a clear definition of price increase on the daily chart followed by uptrend B that was created two days ago by supporting a daily level, this latter movement is a strong indicator BTCUSDTPERP is getting Bids even if we have yet to test lower levels like $18600.
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This chart reveals a simple yet very risk-free strategy to long BTCUSDTPERP
Currently there is one spot that offers the best view of the show and that is around 19200~19300. With a tight stop-loss we can take the risk and hopefully confirm the accumulation cycle.
This TradingVIew idea is being made public so I can callback in the future. This should not be seen...
This is a trade idea for a short to be had on Bitcoin if it follow this current movement. Long term outlook is still positive but right now there can be over-exhaustion on accumulation and capitulation from the bottom. Let's see how it plays out.
I will be monitoring this level and its reaction. Could enable a continuation of this accumulation. If it triggers a SL I would reframe to my last BTCUSDTPERP and take that level @ 33966
This week Ethereum found is turn level when also facing an old weekly uptrend.
It's to early to point to a decoupling with BTC but in comparison, this asset is showing more support within its levels.
There is a spot that could confirm accumulation if it is to support future upwards action. @ 2462
The current market cycle is focused only focused in one thing and that is: who will be the better Ethereum? This has sprung dozens of worthy contestants each with their own rightly claim to the throne.
Sell pickaxes to miners instead of trying to find gold yourself.
Between all these different chains there is one occurring problem that all of them face:...
Even with all the crypto turmoil around XMR' s chart shows a distinguished opportunity for upwards potential.
Looking ahead there are two pieces that will corroborate the bullish short term for XMR:
-The daily trend line. Already proved very powerful when broken- as it should
-Weekly level closed last week. This should support the move to push the final...
Looking here, this red line is a heavy support zone. Curious to see once the action moves to 8962
seeing we wicked the 8969 sats level, the red line loses support. good short in the meantime
