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Crypto SMC
@Crypto_SMC
Technical Analyst | Smart Money Concept | Spot - Futures - Bots | FXWP
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#ChristmasMarketAnalysis
$BTC is currently in the Distribution phase.
“The distribution phase is an emotional time for the markets, as investors are gripped by periods of complete fear interspersed with hope and greed as the market appears at times to be taking off again.” - Investopedia
Price is currently looking for support around ($90,000 - $86,000), before a rebound to the upside ($102,000 - $105,000)..
Before it continues the downward trend to find support around ($74,000 - $68,000).
Confluence with Pivot Point signifies a strong support level.
Tips:
- Price Action is your best indicator on the chart
- Draw levels (Support & Resistance) on the chart, and watch as price reacts around those levels
- Always apply proper Risk management
- Keep improving your strategy as you learn
$BTC is currently in the Distribution phase.
“The distribution phase is an emotional time for the markets, as investors are gripped by periods of complete fear interspersed with hope and greed as the market appears at times to be taking off again.” - Investopedia
Price is currently looking for support around ($90,000 - $86,000), before a rebound to the upside ($102,000 - $105,000)..
Before it continues the downward trend to find support around ($74,000 - $68,000).
Confluence with Pivot Point signifies a strong support level.
Tips:
- Price Action is your best indicator on the chart
- Draw levels (Support & Resistance) on the chart, and watch as price reacts around those levels
- Always apply proper Risk management
- Keep improving your strategy as you learn
#MarketRebound
GOATUSDT.P is positioned for a rebound with the “Ascending Triangle” pattern.
An ascending triangle pattern is formed by a flat upper trendline and a rising lower trendline. A breakout is expected to occur above the upper trendline, making it a potential bullish signal.
“A rebound may signal a reversal in a prevailing downtrend from bearish to bullish. However, it may also be a dead cat bounce, or false rally, that continues to a steeper selloff.” - Investopedia
Price is currently looking for support around ($0.5023 - $0.4760), before a rebound to the upside ($0.6655 - $0.7330)
Tips:
- Price Action is your best indicator on the chart
- Draw levels (Support & Resistance) on the chart, and watch as price reacts around those levels
- Treat price level as a Range not an exact point.
- Always apply proper Risk management
- Keep improving your strategy as you learn
GOATUSDT.P is positioned for a rebound with the “Ascending Triangle” pattern.
An ascending triangle pattern is formed by a flat upper trendline and a rising lower trendline. A breakout is expected to occur above the upper trendline, making it a potential bullish signal.
“A rebound may signal a reversal in a prevailing downtrend from bearish to bullish. However, it may also be a dead cat bounce, or false rally, that continues to a steeper selloff.” - Investopedia
Price is currently looking for support around ($0.5023 - $0.4760), before a rebound to the upside ($0.6655 - $0.7330)
Tips:
- Price Action is your best indicator on the chart
- Draw levels (Support & Resistance) on the chart, and watch as price reacts around those levels
- Treat price level as a Range not an exact point.
- Always apply proper Risk management
- Keep improving your strategy as you learn
I totally agree with you on BTC. "altcoins may even renew their bottom" also refers to OrderBlock & Retest
as I said. altcoin is buy. but you owe a trap. bitcoin should sink to $86k or $76k, the flow in altcoins is completely buying. Bitcoin's dominance has seen a sharp decline. but if bitcoin spills. altcoins may even renew their bottom. as a mere trap to generate panic. and then they will explode. but before that bitcoin will drag everyone down to generate panic.
How do you calculate your 'Position Size'?
Also, your 'Liquidation Price' should be within the range of your 'Stop Loss'
Also, your 'Liquidation Price' should be within the range of your 'Stop Loss'
i think i am.unlucky always i liquidate 4 time ... i think now i also liquidate again...😭
Futures is your best bet if you want to become profitable in the long run. With proper risk management, high time-frame analysis and discipline, you'll be fine.
I have $497 in my Future Wallet. Should I trade in Futures, or should I buy coins in Spot? Any suggestions?