⤵️So key now to understand how to SHORT in this market.
🔻Earn money when the price goes DOWN.
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🔻Earn money when the price goes DOWN.
👨💻 Trade on broker.cex.io with leverage from 2x to 100x.
🌛 Bitcoin sales have stopped. Limit buyers started to take over the market offers. Support was also provided by the middle of the growing Bollinger Channel.
🌞 Statistically, most often, the correction of a growing market ends right in the middle of the trend. So far, the market is in a fragile balance and the retest of a support level is very likely.
🌜The news background is rather positive for Bitcoin. The Israel’s Pension Fund is considering investing in BTC, Americans continue to receive financial assistance and buy cryptocurrencies fot it.
🌝 The technical picture contradicts the general optimism. MACD divergence continues to develop, and this is a medium-term 🐻bearish signal. The closing of the candlestick in the form of a pin bar will signal the weakness of sellers and the likely continuation of the upward trend.
Chart
🌞 Statistically, most often, the correction of a growing market ends right in the middle of the trend. So far, the market is in a fragile balance and the retest of a support level is very likely.
🌜The news background is rather positive for Bitcoin. The Israel’s Pension Fund is considering investing in BTC, Americans continue to receive financial assistance and buy cryptocurrencies fot it.
🌝 The technical picture contradicts the general optimism. MACD divergence continues to develop, and this is a medium-term 🐻bearish signal. The closing of the candlestick in the form of a pin bar will signal the weakness of sellers and the likely continuation of the upward trend.
Chart
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Market participants are nervous ahead of the Fed meeting 🧐. Bitcoin has already become an asset for professional investors and traders, so it may react to what is happening in the American economy.
Fear and panic in the market do not always play into the hands of long-term investors, because weak participants start selling, while "smart money" gets assets at favorable prices. 😏
The bitcoin price is still above the 20-day moving average. This is a bullish signal 📈. The limit support is strong enough 💪 to take on two daily volumes. Therefore, if today the Fed's chairman Powell does not drastically change his position, then we can see a rebound from the support level at $51,000-53,000. 👀
If Powell hints about tightening the Fed's monetary policy, then price movement below $50,000 is inevitable in the medium term. ✍️
Looking forward to volatility!
Fear and panic in the market do not always play into the hands of long-term investors, because weak participants start selling, while "smart money" gets assets at favorable prices. 😏
The bitcoin price is still above the 20-day moving average. This is a bullish signal 📈. The limit support is strong enough 💪 to take on two daily volumes. Therefore, if today the Fed's chairman Powell does not drastically change his position, then we can see a rebound from the support level at $51,000-53,000. 👀
If Powell hints about tightening the Fed's monetary policy, then price movement below $50,000 is inevitable in the medium term. ✍️
Looking forward to volatility!
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How about trading these weekends too?🙏 J. Powell has supported the markets. The system will keep being filled with money, inflation is expected at 2.2%, although the previous forecast was 1.8%.
🥂 The acceleration of inflation is a good thing for the cryptocurrency market. Bitcoin is a deflationary instrument and when other currencies become cheaper, BTC becomes more and more attractive in terms of assets to hold money in. Thus, Bitcoin price has increased sharply during the Fed meeting and press conference.
📈 From a technical point of view, there was a rebound from the support area. Price continues to be in an upward channel. Trend is currently slowing down. We see the weakness of the buyers, who failed to set a new high.
🔜 Taking the oscillators and price divergence into account, it is worth expecting a short-term correction with a potential breakdown of the moving average, and the price exit from the upward channel. Support level is found near the 52000 mark and the price is more likely to rush to it.
Chart
🥂 The acceleration of inflation is a good thing for the cryptocurrency market. Bitcoin is a deflationary instrument and when other currencies become cheaper, BTC becomes more and more attractive in terms of assets to hold money in. Thus, Bitcoin price has increased sharply during the Fed meeting and press conference.
📈 From a technical point of view, there was a rebound from the support area. Price continues to be in an upward channel. Trend is currently slowing down. We see the weakness of the buyers, who failed to set a new high.
🔜 Taking the oscillators and price divergence into account, it is worth expecting a short-term correction with a potential breakdown of the moving average, and the price exit from the upward channel. Support level is found near the 52000 mark and the price is more likely to rush to it.
Chart
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Will Bitcoin break 60K soon?
Prepare to dance like that;)
Prepare to dance like that;)
The euphoria is over. The stimulus measures are no longer sufficient for growth. It becomes more difficult for the bitcoin price to set new highs. All the positive is already included in the price. 🤑
Yes, the trend is upward, for now. But failure to update the local high is a sign of buyers' weakness. 🥀
The ParabolicSAR trend indicator is already above the price chart and it is a bearish factor. 🐻 Asset overbought also negatively affects the mood of buyers.
Until new growth drivers appear, it is worth considering short as a priority in medium-term. ↘️ Resistance is above $59,000, and it will be difficult to move above $60,000.
Limit buyers are ready to meet the price around $53,000 👀. Looking at the risk/reward ratio, it may be more profitable to consider scenarios for a price decrease.
Yes, the trend is upward, for now. But failure to update the local high is a sign of buyers' weakness. 🥀
The ParabolicSAR trend indicator is already above the price chart and it is a bearish factor. 🐻 Asset overbought also negatively affects the mood of buyers.
Until new growth drivers appear, it is worth considering short as a priority in medium-term. ↘️ Resistance is above $59,000, and it will be difficult to move above $60,000.
Limit buyers are ready to meet the price around $53,000 👀. Looking at the risk/reward ratio, it may be more profitable to consider scenarios for a price decrease.
Bitcoin price continues to stagnate due to the absence of growth catalysts. The bulls' inability to update the highs is a sign of weakness. Professional participants take advantage of this and open short positions. ↘️
Over the past week, hedge funds opened 592 new short contracts on the CME futures exchange. 🏦
Technically, the price consolidated below the 20-day moving average, and ParabolicSAR dots are above the price. These are strong bearish factors. 🐻 Oscillators do not contradict the short scenario.
Limit support is below $50,000 👀, so the downward movement potential remains.
Over the past week, hedge funds opened 592 new short contracts on the CME futures exchange. 🏦
Technically, the price consolidated below the 20-day moving average, and ParabolicSAR dots are above the price. These are strong bearish factors. 🐻 Oscillators do not contradict the short scenario.
Limit support is below $50,000 👀, so the downward movement potential remains.
Attempts to push the price above the moving average come to naught. As soon as the price moves above $56,000, sales begin. Now the market is dominated by bears. 📉
But the question is: how long will they have enough resources to keep the price? 🤔
The fundamental background remains bullish. Inflation in the world is accelerating; accordingly, deflationary assets feel support. 😏
The negative news this week was that China is tightening credit policy and gradually eliminating money from the system. This hit all markets, including the crypto one, because China has an important place in the demand for cryptocurrency assets. 🧐
It is also worth noticing the continued development of divergence between the price and the oscillators. This is a signal to sell. ✍️
The short priority remains in effect until the price consolidates above its 20-day average.
But the question is: how long will they have enough resources to keep the price? 🤔
The fundamental background remains bullish. Inflation in the world is accelerating; accordingly, deflationary assets feel support. 😏
The negative news this week was that China is tightening credit policy and gradually eliminating money from the system. This hit all markets, including the crypto one, because China has an important place in the demand for cryptocurrency assets. 🧐
It is also worth noticing the continued development of divergence between the price and the oscillators. This is a signal to sell. ✍️
The short priority remains in effect until the price consolidates above its 20-day average.
According to principles of technical analysis, the trend is more likely to continue.
Before the update of the previous significant minimum, the trend is considered upward. 📈 Therefore, a price decrease should be viewed as an opportunity to buy at a lower price. 🤑
The bitcoin market correction continues and the price is approaching the lower border of the dynamic Bollinger channel. 📊
According to trend following tactics, this is a profitable entry price for a trend continuation. Limit support is around $48,000. 🧐
The chances are very high that the price will not fall below the previous minimum and that the upward trend will continue.
Before the update of the previous significant minimum, the trend is considered upward. 📈 Therefore, a price decrease should be viewed as an opportunity to buy at a lower price. 🤑
The bitcoin market correction continues and the price is approaching the lower border of the dynamic Bollinger channel. 📊
According to trend following tactics, this is a profitable entry price for a trend continuation. Limit support is around $48,000. 🧐
The chances are very high that the price will not fall below the previous minimum and that the upward trend will continue.
LINK has reached an important milestone. The $21-25 range has served as support since early February. 🚧
The area is more likely to hold out even now because the limit support is quite strong. 💪
📊 It is also worth noticing the relatively low level of correlation between LINK and Bitcoin (0.57 ratio). This is important, because often if Bitcoin falls, then most of the altcoins fall as well. This rule works less often for LINK than for others.
The upside potential is limited by the resistance around $30 👀. The risk/reward ratio is not the most attractive one. To strengthen it, it's better to form a position gradually: take a part by the market, add the second part at $23 and the last one at $21. ✍️
Thus, the average price will be more profitable and the risk/reward ratio will become attractive, but the risk in absolute terms will not increase.
The area is more likely to hold out even now because the limit support is quite strong. 💪
📊 It is also worth noticing the relatively low level of correlation between LINK and Bitcoin (0.57 ratio). This is important, because often if Bitcoin falls, then most of the altcoins fall as well. This rule works less often for LINK than for others.
The upside potential is limited by the resistance around $30 👀. The risk/reward ratio is not the most attractive one. To strengthen it, it's better to form a position gradually: take a part by the market, add the second part at $23 and the last one at $21. ✍️
Thus, the average price will be more profitable and the risk/reward ratio will become attractive, but the risk in absolute terms will not increase.
The bitcoin price is gradually driven down and new local minimums are set. This is a sign of the dominance of bears in the market. 🐻
Approaching the $50,000 level, market sales sharply increased but did not break this level. This means that the limit support is strong. 💪
There is also price retention under the $54,000 level. If sellers manage to protect this level, then the movement to the $48,000 area will be quite fast. ⤵️
The main accumulation of limit buy orders is concentrated in the range of $48,000-49,000 👀. It is in this range that the fate of digital gold in the medium-term will be decided.
If the price does not consolidate below $48,000, then it is likely that we will see an update of the all-time high in the near future. 🤑
But if the $48,000 level is broken, it is worth waiting for a price around $ 42,000. 🤔
Approaching the $50,000 level, market sales sharply increased but did not break this level. This means that the limit support is strong. 💪
There is also price retention under the $54,000 level. If sellers manage to protect this level, then the movement to the $48,000 area will be quite fast. ⤵️
The main accumulation of limit buy orders is concentrated in the range of $48,000-49,000 👀. It is in this range that the fate of digital gold in the medium-term will be decided.
If the price does not consolidate below $48,000, then it is likely that we will see an update of the all-time high in the near future. 🤑
But if the $48,000 level is broken, it is worth waiting for a price around $ 42,000. 🤔
An excellent downward momentum was formed on the Tezos chart. There are an aggressive sell-off and price holding. 🛒
At the moment, a technical correction is taking place. The best way to determine the end of correction is the Fibonacci grid. Statistically, most often the correction ends in the range of 0.5-0.6. 📊
At the moment, the price approached this area and immediately rebounded. This is a sign of bear control. 🐻
Downside potential towards $3.1. Protection orders should be placed above the $4.5 👀 level. After fixing the price below $3.7, protection orders can be moved to breakeven. ✍️
At the moment, a technical correction is taking place. The best way to determine the end of correction is the Fibonacci grid. Statistically, most often the correction ends in the range of 0.5-0.6. 📊
At the moment, the price approached this area and immediately rebounded. This is a sign of bear control. 🐻
Downside potential towards $3.1. Protection orders should be placed above the $4.5 👀 level. After fixing the price below $3.7, protection orders can be moved to breakeven. ✍️
💸 Professional participants of the futures market took the best from BTC price correction. It was an opportunity to buy Bitcoins at a lower price. We see such information in the latest COT (Commitments of Traders) report.
🤔 Hedge funds were mostly buying Bitcoins. But, unaccountable traders were closing their Long positions during the last week. Thus, we can say that crypto market went against unqualified investors again.
🔜 BTC price has left the descending channel and rushed to the resistance around the 60K level. Limit resistance is concentrated in this area. It is also worth noting that divergence of Stochastic oscillator and Bitcoin price has formed. 🙄 Therefore,
🔜 Now the market is winning back positive news regarding applications for opening new ETF funds based on the main cryptocurrency. But currently, no funds have been opened yet.
🙌 Traders are currently very active. Bitcoin’s price is likely to stay at
👉 Chart
👉 Details
🤔 Hedge funds were mostly buying Bitcoins. But, unaccountable traders were closing their Long positions during the last week. Thus, we can say that crypto market went against unqualified investors again.
🔜 BTC price has left the descending channel and rushed to the resistance around the 60K level. Limit resistance is concentrated in this area. It is also worth noting that divergence of Stochastic oscillator and Bitcoin price has formed. 🙄 Therefore,
the closer we get to the area of resistance, the more profitable it becomes to Short.🔜 Now the market is winning back positive news regarding applications for opening new ETF funds based on the main cryptocurrency. But currently, no funds have been opened yet.
🙌 Traders are currently very active. Bitcoin’s price is likely to stay at
51-61 thousand USD per coin. It is time for the flat strategies.👉 Chart
👉 Details