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BTC update - Good morning Family. BTC is facing rejection from our First Major Resistance point. If this is broken and confirmed support, we are looking at $43k-44k Mark
https://www.tradingview.com/x/R4HLHKMd/
Inflow of around 7500 BTC caused that DIP at resistance. Well there is more BTC Delta left, so there maybe little bit price drop. Also, who so ever took short from $38700 as per yesterday's short video - Congrats! Here is that video with timestamp that explains it, please like if you have not already - https://youtu.be/X74z8kNsJIk?t=175 As per my experience, I take one trade per major support or resistance area.
And here is 1 Delta price drop. It would be interesting to see if this white trend line can hold the price (highly unlikely, but lets see). This is how Knowledge of TA helps you from taking good trades and avoid bad ones 😊
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If you are taking trades based on what I say, then only take trades as per Charts Shared here. It will give you a clear picture for a perfect trade setup. YouTube videos are good for knowing overall scenario, not for leverage trades!
👉🏼Imp Daily BTC Update - BTC was not able to confirm support at $38700- $39000 area. One of the main reason is 50 MA resistance on 4 hours and 200 MA on daily. Yellow Arrows shows location of 50 MA & 55 EMA on 4 hrs and 200 MA on daily. Now there is no clear LONG trading zone for leverage traders until BTC comes down to 36000 or 31600 Zone Or a support is confirmed over 39K, but then there is resistance at 40K. Scalpers can try too trade it in 5 mins chart with tight Stop Loss. Also, for long term investors (4-5 years) This whole zone between 30K-39K is one of the discount zone and one part buying can be done here. Par 4-5 saal se pehle don't expect return (Worst case scenario). Usse pehle bhi time aayega to take out profit, but just saying ki you should take that period in mind. Ek last baat yeh hai ki, we also have USDT Delta on exchanges, maybe big players are also buying in this discount zone!!! This update is shared on @CryptoPointHi Telegram Channel. Please refer charts to make sense of all this. https://www.tradingview.com/x/wpCBDLjB/
YFI USDT Chart - Keep an eye on this chart and drawn Support & Resistance - https://www.tradingview.com/x/zMn8cGD0/ Patience here can give good profit!
BTC
I am looking at this descending channel for some quick scalps. https://www.tradingview.com/x/iAXYsvQw/
Sahi Short Scalp Darlings — https://www.tradingview.com/x/Bs66LyfU/ Aese hota hai scalp trade - Aakhon ke niche se Soorma Chura liya 😉
Always use smaller timeframe for scalp trade. Iss case mein I used 15 mins. Hopefully you are learning something.
Possible Areas for BNB quick Trades, around $270 and $210 . $270-273 Area may give a quick bounce. PLEASE use a tight Stop loss . https://www.tradingview.com/x/bdKSb4nD/ Trade at your OWN risk. Your Trades, your Responsibility!
Here is our YFI TRADE as discussed yesterday 😊 https://www.tradingview.com/x/jK9RLc6q/ Hopefully you captured this short 😊