Bitcoin Price Bounce Meets Bearish MA Configuration, Risk-Off Hints From Key ETFs


What to know:
BTC's short-duration price charts paint a bearish picture.
Junk bond and banking ETFs hint risk aversion.


Bitcoin
BTC
$111,897.47
bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons.🟢🟢🟢

the green line is major support for btc more it spends it time below that line will be bearish🟢🟢🚀🚀💯🔴🔴🔴🔴

🟡 Greed mei se fear mei in 3 days 😂

🟡 Important FED Events 🚨

➡️Producer Price Index
(PPI) : Oct 16, 6:00 pm
in 4d

➡️Consumer Price Index
(CPI): Oct 24, 6:00 PM
in 12d

➡️Federal Open Market Committee
(FOMC): Oct 29, 11:30 pm
in 18d

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🟡Fundamentally strong projects recover no matter what happens.

$TAO be like abki baar 400 paar 🤣

🟡$BNB gave better recovery than TAO, due to more exposure in market

Binance ko bohot log jante hai aur Bitsensor ko kam, jab sab janenge tab tak price bohot upar nikal gya hoga

BNB is good for spot buying too on dips

Personal Tip

During volatile market conditions with violent price action,

Like the ones we had previously, chart seems like they got rekt going down 80% - 90% at the bottom wick.

Tips:
- Change to line chart and look for chart who maintains their structure

Line chart is known for its closing price and removes all the noise that came from upper/lower wick.

Give it a try and you’ll see that most chart are still intact even after the violent wick downwards .

Will post some charts later.

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🔴Token: ETH
Position: LONG 📈

Risk Level: 15% of your capital
Leverage: 10 to 30x📊 (as per your risk:reward

ENTRY ZONE: Buy near 4100 - 4115

🎯 Target: 4200/4280
🛑 Stop Loss: 4040

#DYOR #NFA

Swing Trade

🔴Token: SOL
Position: LONG 📈

Risk Level: 15% of your capital
Leverage: 10 to 30x📊 (as per your risk:reward

ENTRY ZONE: Buy near 194-195

🎯 Target: 208
🛑 Stop Loss: 188

#DYOR #NFA

Swing Trade

🔴Token: BNB
Position: LONG 📈

Risk Level: 1 to 2% of your capital
Leverage: 1 to 10x📊 (as per your risk:reward)


ENTRY ZONE: Near 1284-1287

🎯 Target: 1315/1340
🛑 Stop Loss: 1240

#DYOR #NFA

All the trades shared above are Swing Trade

🟡Total stablecoin supply has surged to an all-time high of $301.5B

Ho gya 400 paar 😍 spot mei 30% profit chal rha