#TOTAL2 UPDATE :

#TOTAL2 again reached out the major resistance zone and kinda started ranging now, as overall market is to. Well, this more likely to breakout this week now and a rejection will cause heavy crash in it. Market need some aggresive news, to flip above the major level. Keep the stops tight in altcoins as of now.

What is Inverse Head & Shoulder Pattern ?

The Inverse #Head and Shoulders pattern is a technical chart pattern that is the opposite of the traditional Head and Shoulders pattern. It is also a #reversal pattern, but it signals a potential bullish reversal in the price of an asset.

The Inverse Head and Shoulders pattern is formed when a price #falls to a low point (the left shoulder), then rises, falls again to a lower point (the head), #rises again, and then falls to a higher low (the right shoulder). The pattern resembles an upside-down head and shoulders.

The Inverse Head and Shoulders pattern is considered to be a #bullish reversal pattern, which means that it suggests that the price trend of the #asset is likely to reverse from a downward trend to an upward trend. This pattern is typically used by technical analysts to identify when to buy or go long on a security, and to set stop-loss orders to limit #potential losses.

Here's the analysis of #FIL :

#FIL is been moving below the downtrend resistance line and inside the falling wedge pattern. Price is expected to reach out the major support level of $4.630 - $5.000. Until then, nothing as now, as ranging is too small for positions.

#Binance and CZ is been Sued by #CFTC over #Futures and Derivatives Framework. This things may create some more potential #FUD in the market in coming days 👀.

With that news, #MicroStrategy Acquired another 6,455 #Bitcoins for $150M at an Average of $23,238 per #Bitcoin. Now, in-total they hodl 138,955 #BTC, at an average price of $29,817, that totals around more the $4B+ in valuation 📈📈

#BTC break down the Triangle to the down side and reached out the bottom of the consolidation range and taking support. Support Acting good as no candles given a close below. Well, a breakout would be highly probable to the downside, so be alert a candle closing below $26,900 in a HTF.

#AGIX given a break below of the support area, and made a easy retest. Price rejects the level and about to reach the next support area. Trade running is good profit around 13% in favor, so better lock-in minor partials here. Major Partials at support zone around $0.373 - $0.380

After a week of Consolidation, #STX broke the support and moving lower. If you took the entry after candle closing, the position are running in 16.6% in profits. Price already reached out the minor support on daily TF, better to take profits here with stops at breakeven.

What Is Triangular Arbitrage and How to Use It?

#Arbitrage is a trading approach that turns market inefficiencies into financial opportunities. There are several types of arbitrage strategies used by crypto traders, including simple arbitrage, cross-border arbitrage, peer-to-peer (P2P) arbitrage, and triangular arbitrage, all of these seek to take advantage of price differences across multiple markets.

Triangular Arbitrage takes advantage of price #difference between three different coins in the market.

The #concept is simple —> A trader exchanges one #crypto asset for a second, the second for a third, and the third for the first, by which that difference in price gives him #profit and then this is repeated for as long as the price differences remain.

To be done #successfully, triangular arbitrage requires identifying price differences, trading different asset pairs simultaneously, and proper #risk management. Since the crypto market is #volatile, prices fluctuate quickly; traders must also execute #triangular arbitrage trades rapidly.

However, Some people build there own #Trading Bots to catch this difference, as price is moving very fast and that the point, which make Arbitrage Trading Risky.

Here's the analysis of #DYDX :

#DYDX is making a but messy move and currently, rejected the support area of $2.23 - $2.29. The major support is at $1.84 - $1.96 and right now, price broke a small downtrend resistance line, indicating a potential move up. Well, as of now, market looks bit weak, so wait for the opportunity.

Binance Will Support the Ethereum (ETH) Network’s Shapella Upgrade

https://www.binance.com/en/support/announcement/427a18a0ba03497087401d4b89d229df

Good for Us as #BTC didn't gave a break below candle and rejected the support strongly. Well this means consolidation still continues and reach out the resistance area around $28,630. Nothing with that, just alts will follow-up a bit. Price need to breakout of the range for some clean moves.

QUICK Update :

#Bitcoin again reached the resistance area around $28,630 and kinda rejecting now. Wait for the candle closure and incase of Breakout, Daily Candle should maintain above the area, otherwise, this will considered as fakeout.

#MATIC dropped to the major support area as mentioned and price strongly reacted from it. If you took the entry then running in good profits, in case you missed out then wait for a retest around $1.10.

Over recent weeks, #Investors have increased the volume of coins deposited to exchanges. Net exchange flows ticked higher by approximately 4180 #BTC this week, the largest net increase since #LUNA collapsed in May 2022. This might indicate some profit-taking going on as who bought the dip 📈