$BTC Trend No Longer Continues, Down Expectations Magnify!
From the point of view of the K-line form, the current BTC hourly K-line has no longer continued to maintain an upward trend, and has gradually begun to have downward signs.
Especially in the previous upward trend, the actual long and short game is more intense, the upper and lower shadow lines are very much
With indicators MACD also shows that will be dead fork, is currently in the multi-confirmed callback state, in the small cycle has begun to turn the head down
Initial callback support looks at two integers: 43000 & 42500
The $DOT , which is all the way up by the inscription market, may have to enter a pullback briefly.
Remember a word: The correction is for a better healthy rise, because in the short term the gainers want to clear their profits and leave, which is the root cause of a correction during an uptrend.
If the market directly rise without callback, can only prove that market sentiment is very fomo or even overheating, this market once a callback, amplitude modulation depth will be very large.
Obviously, the current $DOT staged callback is more in line with market expectations, the initial callback support price ah 7.9-8 range
The overall performance of $ETH is weaker than $BTC , and if the subsequent breakthrough fails, where will the price go?
At the moment ETH is again at the key resistance price 2250, which has been hit several times recently, but even if the impact is successful, there is a stronger resistance pattern above it.
Prior to the emergence of the 15th approximate "M" top short form, the resistance is not small
Based on the trend line, if this can not break through the success, the price back to the lower edge of the trend line or a relatively strong expectation, price: 2180
In fact, the conservative point does not need to guess the direction, pay attention to the current $ETH change will know, but even if the breakthrough, I do not recommend doing long, this range to beat it down the certainty is higher than to do long #BinanceTournament
$BTC may not be able to stand at the price of 44000 😤
A quick pullback may occur in a small cycle, because the resistance to the uptrend is very large whenever the price of an integer is encountered, which is determined by the market consensus and the historical price of the past.
Indicators are not very fast response, only know that the 5-minute cycle of MACD indicators have begun to turn down the head
If you choose to trade at this time, pay attention to the position size, this is a trade to the left, below the first support price at 43650 #BinanceTournament
$BTC has reached the support range given before, this position has no value for money
This is the middle position I mentioned earlier: the price distance from the next support and resistance is about the same, and the profit / loss ratio is infinitely closer to 1: 1.
At present, the indicators are still in the normal range, there is no other exception, the volume has not shrunk, etc., temporarily remain on the sidelines #BinanceTournament
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Bearish
$BTC Breaks Down Trend Line to Rise, Now Meets Resistance Again, Where Is The Support Price?
Continuation of the previous analysis, BTC broke through the 41800 downtrend line resistance to open a round of rising prices, but the current disk to a small cycle, is a certain callback expected
The small-cycle MACD indicator has initially died, while the 1H cycle RSI indicator has signs of falling from overbought areas.
Based on Fibonacci measurement and structural support market retracement, support price in the 42400-42600 range #BinanceTournament
$BTC Breaks Down Trend Line to Rise, Now Meets Resistance Again, Where Is The Support Price?
Continuation of the previous analysis, BTC broke through the 41800 downtrend line resistance to open a round of rising prices, but the current disk to a small cycle, is a certain callback expected
The small-cycle MACD indicator has initially died, while the 1H cycle RSI indicator has signs of falling from overbought areas.
Based on Fibonacci measurement and structural support market retracement, support price in the 42400-42600 range #BinanceTournament
Within an hour, just after analyzing $BTC went up, and now it has reached the resistance level previously analyzed.
If the trading style tends to be conservative, I think it can be considered to take profit, not to fight 42,000 or even reverse the trend of this probability
Where will $BTC go next? Continue to fall or go rebound market?
The current BTC still has a certain rebound space, in front of the support price of 41000 to stop continuing to fall near the back of the rebound is more in line with expectations
As for whether it will reverse the trend, or see whether further downtrend lines will be destroyed, the key price range 41600-41750
This range is not only the structural resistance, but also the downtrend line, as well as the rebound resistance of the 0.382 downtrend Fibonacci backtest.
At present, the hour K line MACD has been a preliminary golden fork, is a bull signal, but because the position is located in the 0 axis and not a small distance, so it is conservative to see the rebound
Where will $BTC go next? Continue to fall or go rebound market?
The current BTC still has a certain rebound space, in front of the support price of 41000 to stop continuing to fall near the back of the rebound is more in line with expectations
As for whether it will reverse the trend, or see whether further downtrend lines will be destroyed, the key price range 41600-41750
This range is not only the structural resistance, but also the downtrend line, as well as the rebound resistance of the 0.382 downtrend Fibonacci backtest.
At present, the hour K line MACD has been a preliminary golden fork, is a bull signal, but because the position is located in the 0 axis and not a small distance, so it is conservative to see the rebound
$TIA has reached price support again, small cycle can be observed to see if there are trading opportunities, but it is still in the downward trend, the back is first to consider the rebound market
I rarely follow up on the results of an analysis I have done, because I hope to give the market and my concerned friends a view that confirms itself.
So you can see that my analysis tends to tell you the reason for my direction in terms of multiple metrics in the short term.
Right is right, wrong is wrong, right I will not show off, wrong scolded I will go back to see what is wrong
Pay attention to me, basically to see these views, not the specific entry and exit points, and I am not saying that to give you a guess, but I hope to deepen your confidence in your next trade. #BinanceTournament
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Bearish
$TIA ecosystem is getting some bad news (code plagiarism), which is likely to affect TIA's secondary market price volatility
At least emotionally, and it seems like the market hasn't reacted yet. Be aware of your position risk.
At present, the technical indicators of the small cycle has turned, 1H cycle can still be seen as in the down channel, the previous volume amplification has not successfully broken through the trend resistance, closed a longer shadow line.
The lower support of the descending channel is 12.6 #BinanceTournament
$TIA ecosystem is getting some bad news (code plagiarism), which is likely to affect TIA's secondary market price volatility
At least emotionally, and it seems like the market hasn't reacted yet. Be aware of your position risk.
At present, the technical indicators of the small cycle has turned, 1H cycle can still be seen as in the down channel, the previous volume amplification has not successfully broken through the trend resistance, closed a longer shadow line.
$ETH Long Form Is About to Be Completed! Keep an eye on 2260 Key Price!
The weekend volatility of $ETH is not too big and can be used as an ambush trading strategy, as the current $ETH is a "head and shoulders" long form (1H cycle).
This is a strong bull form, the current upper resistance is also very close, in the 2260 resistance price stuck, transferred to the 4H cycle to see, indicators are also turning to good signs
The support below is sufficient, the price of the ambush game is good enough, even if it is a breakthrough OK, conservative to do a breakthrough market 2260, radical to do ambush strategy
What is the #BONK follow-up? Is it worth trading? $BONK
In fact, I do not know why this token, including the recent tokens are, may be because there is a certain market heat? But it's not very high. 🤔
We have a look at the trend, after the listing there is a round of price rush, then go down the market, other indicators have not yet shown, light K line form is not optimistic
Based on the Fibonacci calculation, the current price is in the downtrend of 0.382 rebound position, there is a great possibility to continue the trend to go down
As I said before, it is difficult to do technical analysis on newly listed tokens because market sentiment is hard to quantify.
But just in time to catch up with the overall decline in the market, this time the mood is still a little more rational, at least not so fanatical
So technical analysis can also be used as a reference at this time. 😁 #BinanceTournament
$GAS IS VERY DANGEROUS NOW! Some of the more certain down patterns have appeared! Be careful of risk!
Note that the current MACD indicators and the trend of market prices have deviated from the situation, the market is very likely to appear behind the fall market, while the MACD also has the potential to die fork form
Most importantly, in front of an hour K line appeared in the short form of pinbar, meaning the buyer's power to the seller's back pressure
The current GAS has begun to test the trend line, once the continued volume breakthrough, there will be a relatively large decline
The inscription of #IOST caused a lot of anger in the market, which led to an immediate reversal of the rising trend.
At present, even at the 0.618 Fibonacci support level, it is estimated that it is difficult to complete the support, because not only the MACD indicator gives the dead fork form, the current 0.618 support is also just in the rising trend line.
Once the superposition of this form is broken, it will accelerate the speed of its decline, the IOST inscription market has become a foregone conclusion, and it is difficult to form any reversal on the news surface.
However, the overall market value is small, please pay attention to volatility risk #BinanceTournament
$ORDI buyer force is relatively weak, unable to break through the previous high price resistance, into the retracement market...
Although the ORDI showed a short-term uptrend, it was clear that the bulls could not break through the short-term high of 58.
The indicators also show signs of a minor cycle turn, at least for a short period of retracement, with prices in the 50-52 range providing short-term support.
Trading profit and loss ratio is very general, this retracement market I do not recommend you to participate in, because the front of the K-line there is a very long shadow line, it is the buyer's power to test the area, the current price is difficult to put the stop loss 😳 #BinanceTournament
The current hour cycle of the K line completed the previous judgment of the triangle convergence relay form of breakthrough, once after the encounter in front of the structural resistance caused by the trend can not continue
Trading volume is normal for the time being, because the buyer's power does not look like a sudden malaise, so the strategy can consider the transaction price of the second degree of red
The price range can be in the vicinity of 42300, just in the index + K-line form of support, the position on the left side of the ambush up the ability to fight, from the point of view is good profit and loss ratio
(In a strong market, the correction will only reach 0.382.) #BinanceTournament
First, from a technical analysis perspective, at least I will tell you responsibly: technical analysis cannot guide you on whether a newly listed token is worth holding for the long term.
Because technical analysis itself is the analysis of historical repetition and current market behavior, the newly listed tokens not only have no history, but the current market behavior has a very heavy emotional tendency.
If you want to analyze $JTO from a fundamental perspective, I don't think it makes much sense. I think there is one factor that affects whether you hold $JTO for a long time:
📍 Are you optimistic about the #Solana📈🚀🌐 ecosystem itself?
This is a question that needs to be explored on its own, because SOL itself did well in the last bull market, but with the influence of SBF, there is too much uncertainty about whether it will be able to continue to lead the market in the future
From the perspective of infrastructure, I actually prefer to bet on some new L1 or L2
If you are a participant in the on-chain ecosystem, you can judge for yourself whether Solana's ecosystem has the ability to compete with the Ethereum ecosystem, and if so, continue to hold #JTO ;
📍A lot of data news this week, waiting for $BTC to give direction
Before our analysis of $BTC is this week is down, the results have come true, so the basic operation of this week is to find opportunities in the small cycle to go short
However, due to the release of various data this week, which will bring greater uncertainties to the volatility of the market, the current BTC K line form there is an equilateral triangle convergence.
This is on behalf of the long and short game has entered a stalemate, on the one hand, long and short forces are waiting for data release to guide the direction, on the other hand, it is also a "truce state."
Because the current volume is still small, if you are not good at doing this kind of news market, you can temporarily not trade and wait and see (because you may have missed the biggest decline in the week). #BinanceTournament
📍 Will $SOL go up or down next? Will the trend continue?
The current SOL to see the one-hour cycle is not enough, cut to the 4H cycle in order to see the full short-term disk trend
The current price is still a little distance from the previous support structure, the downtrend is constantly strengthening, but eventually I believe it will stay in the vicinity of 62 this price to do long and short power game.
So if you want to consider trading $SOL , then in front of the support structure area to consider doing rebound market, is more cost-effective and more secure transactions
But the current price is still a little bit further from that range. That doesn't mean you have to leverage to go short. There are always opportunities to trade. Wait for the 52-53.5 range before you consider trading. #BinanceTournament
For the safety of your funds, please stop trading $JTO now!
As I have previously analyzed, the price decline caused by the lack of buyer power has now fallen to structural support, and according to normal logic, it is better to buy and take advantage of the rise.
But for this target, the resistance structure above is complicated. Unless there is a push from the news, you want to gain by going long. The process will be bumpy!
(You can almost say that a little increase is resistance, a little rise is resistance)
So, if you're a short-term trader, switch targets, that's the only thing I recommend you do, but if you're prepared to hold on to the risk that you didn't see my prompt a few hours ago, I continue to wish you the best of luck for the rest ~ #BinanceTournament
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Bearish
$JTO Should You Continue to Care?
As one of the hottest tokens on the secondary market in recent times, it is clearly not doing much better as the broader market goes down
Especially now, although it temporarily broke the downtrend and broke the downtrend line ahead, obviously the strength of the breakthrough is very small.
Plus the strong resistance area between 3.3 and 3.5, I would rather trade the target than do anything else.
We look at the smaller cycles, which are also showing the first signs of decline, and it is clear that the buyer does not have the strength to penetrate the resistance ahead.
The RSI indicator in the chart of the current cycle (1H) is also in line with the turn of the head down.
Those who are still in positions pay attention to the risk #AVAX