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Kryptomystic
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Bullish
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A few coins from our personal portfolio, which one is your favourite ?
#BullRun!
KEY
34%
BNT
33%
XRP
0%
IOTA
33%
3 votes • Voting closed
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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#BTC☀ 💰 After several days of trending down and fighting against the daily trend, we have expanded to the downside, trading around range lows. The daily chart points to three scenarios: 1. BTC holds the 200 EMA and bounces back to the daily trend, where the fight against the D1 trend should resume (blue). 2. BTC holds the 200 EMA, bounces to the D1 trend, reclaims it, and turns it into support (red). 3. BTC fails to hold the daily 200 EMA, sending prices lower (black). Keep in mind that the most important thing now is to hold the range lows and the D1 200 EMA.
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CME Gap Closed On Bitcoin ! Let's see if price manages to stay above it!
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$BTC #Bitcoin Still trading inside a range between new ATH zone and low's 60k. D1 trend lost again ( 13/21EMA ) but since price is just ranging on the big picture we can't confirm that it's a "Market Structure Break" yet! For a confirmation of the MSB price needs to close below the 58K region. On bigger tf's ( 3Days / Weekly ) trend is still highly bullish and EMA's are catching up with price which can be seen as a healthy correction. Conclusion : Bitcoin needs to hold the range and reclaim back H4 and D1 trends.
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Entering a long scalp position for BTC/USDT at 67,800 with reasonable cross leverage. Targeting an initial goal of 70,600, with a second target to be determined later. The stop loss is set at 65,700. The current market formation on the lower timeframes looks promising, and there has been a reset in open interest. A chart update may follow to provide further insights into this trading strategy. Follow us for updates
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Big news from South Korea as the country tightens its grip on token exchanges! South Korea is set to introduce stricter regulations for token listings, especially targeting hacked tokens! Under the new guidelines, tokens with a history of hacking or unresolved security issues will be blocked from listing on exchanges. The Financial Supervisory Service has been working closely with exchanges to set these new standards, aiming to protect virtual asset users. These rules will also affect how tokens are delisted, especially if they don't meet disclosure obligations. Make sure to follow for the latest on how these changes will reshape South Korea's crypto market!
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