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Decentralized Copy Trading: The Future of Investing?
Copy / paste to make the most of your portfolio, sounds awesome doesn't it? Now you may have heard of copy trading. Copy trading allows you to automatically copy the trades of other successful traders, taking advantage of their expertise and knowledge. But what if you could take copy trading to the next level, with a decentralized solution that offers greater transparency, security, and community? That's where decentralized copy trading comes in.
Binance copy trading through Trader Wagon
One of the most popular decentralized copy trading platforms on the market today is Binance Copy Trading, which is powered by Trader Wagon.
With Binance Copy Trading, investors can easily copy the trades of successful traders on the Binance exchange, taking advantage of their expertise and knowledge to maximize their returns. Trader Wagon offers a variety of features, including customizable risk management settings, community chat rooms, and real-time performance records. With the power of blockchain technology, Binance Copy Trading offers investors a transparent, secure, and efficient way to invest in the future.
Enter decentralized copy trading
Another option is decentralized copy trading ,with a platform that investors may be interested in exploring, called trdx.io.
With trdx.io, investors can copy the trades of top-performing traders across a variety of asset classes, including cryptocurrencies, stocks, commodities, and forex. What sets trdx.io apart is its commitment to transparency, with a suite of real-time performance analytics and customizable risk management settings. Additionally, trdx.io boasts a vibrant community of traders, with social features such as chat rooms and forums where investors can connect and learn from each other. With its focus on decentralized technology, trdx.io provides a secure and trustworthy environment for investors looking to take advantage of the benefits of copy trading.
What is Decentralized Copy Trading?
Decentralized copy trading is a way of investing that takes advantage of blockchain technology. By using a decentralized platform, investors can copy the trades of successful traders without relying on a centralized intermediary. This offers a number of benefits over traditional copy trading platforms, including:
Greater transparency: Decentralized platforms allow investors to see the performance records of traders in real-time, with no hidden fees or charges.
Increased security: By using blockchain technology, decentralized platforms offer increased security and protection against fraud or hacks.
Customizable risk management: Decentralized platforms allow investors to set their own risk management settings, such as setting stop-loss orders or limiting the amount they invest in a single trader.
Community features: Decentralized platforms offer a vibrant community of investors, where traders can share their experiences and knowledge with each other.
How Does Decentralized Copy Trading Work?
Decentralized copy trading platforms are built on blockchain technology, which allows for a decentralized network of computers to verify and process transactions. When an investor chooses to copy a trader, the platform automatically executes the same trades in real-time, based on pre-defined settings chosen by the investor.
To ensure the security and transparency of the platform, trades are verified and recorded on the blockchain, where they can be accessed by anyone. This ensures that there is no central authority controlling the platform, and that all trades are executed fairly and transparently.
Other thoughts
Decentralized copy trading is an exciting new way to invest in the future. By taking advantage of blockchain technology, investors can enjoy greater transparency, security, and community features, while still benefiting from the expertise of successful traders. If you're interested in decentralized copy trading, be sure to do your research and choose a platform that offers the features and benefits that are most important to you.
So, whether you're an experienced investor or just getting started, decentralized copy trading could be the key to unlocking greater returns and a more rewarding investment experience.
Binance copy trading through Trader Wagon
One of the most popular decentralized copy trading platforms on the market today is Binance Copy Trading, which is powered by Trader Wagon.
With Binance Copy Trading, investors can easily copy the trades of successful traders on the Binance exchange, taking advantage of their expertise and knowledge to maximize their returns. Trader Wagon offers a variety of features, including customizable risk management settings, community chat rooms, and real-time performance records. With the power of blockchain technology, Binance Copy Trading offers investors a transparent, secure, and efficient way to invest in the future.
Enter decentralized copy trading
Another option is decentralized copy trading ,with a platform that investors may be interested in exploring, called trdx.io.
With trdx.io, investors can copy the trades of top-performing traders across a variety of asset classes, including cryptocurrencies, stocks, commodities, and forex. What sets trdx.io apart is its commitment to transparency, with a suite of real-time performance analytics and customizable risk management settings. Additionally, trdx.io boasts a vibrant community of traders, with social features such as chat rooms and forums where investors can connect and learn from each other. With its focus on decentralized technology, trdx.io provides a secure and trustworthy environment for investors looking to take advantage of the benefits of copy trading.
What is Decentralized Copy Trading?
Decentralized copy trading is a way of investing that takes advantage of blockchain technology. By using a decentralized platform, investors can copy the trades of successful traders without relying on a centralized intermediary. This offers a number of benefits over traditional copy trading platforms, including:
Greater transparency: Decentralized platforms allow investors to see the performance records of traders in real-time, with no hidden fees or charges.
Increased security: By using blockchain technology, decentralized platforms offer increased security and protection against fraud or hacks.
Customizable risk management: Decentralized platforms allow investors to set their own risk management settings, such as setting stop-loss orders or limiting the amount they invest in a single trader.
Community features: Decentralized platforms offer a vibrant community of investors, where traders can share their experiences and knowledge with each other.
How Does Decentralized Copy Trading Work?
Decentralized copy trading platforms are built on blockchain technology, which allows for a decentralized network of computers to verify and process transactions. When an investor chooses to copy a trader, the platform automatically executes the same trades in real-time, based on pre-defined settings chosen by the investor.
To ensure the security and transparency of the platform, trades are verified and recorded on the blockchain, where they can be accessed by anyone. This ensures that there is no central authority controlling the platform, and that all trades are executed fairly and transparently.
Other thoughts
Decentralized copy trading is an exciting new way to invest in the future. By taking advantage of blockchain technology, investors can enjoy greater transparency, security, and community features, while still benefiting from the expertise of successful traders. If you're interested in decentralized copy trading, be sure to do your research and choose a platform that offers the features and benefits that are most important to you.
So, whether you're an experienced investor or just getting started, decentralized copy trading could be the key to unlocking greater returns and a more rewarding investment experience.
You're going to like this #BTC☀ targets
All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy.
Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement.
Targets in sight - $72.5k ,$80k and $84.5k ish
For the stop loss we are taking the 0.66 support with some aditional margin of error.
All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy.
Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement.
Targets in sight - $72.5k ,$80k and $84.5k ish
For the stop loss we are taking the 0.66 support with some aditional margin of error.
It can not go up forever. Now this doesn't mean that $BTC can not continue upward, it only means that for the next period it will probably retrace. What we have seen today is a confirmation entry for shorts.
Expecting Fear and greed to go down over the next couple of days as well .
#bitcoin #BTC🔥🔥🔥🔥 #btcdumping
Expecting Fear and greed to go down over the next couple of days as well .
#bitcoin #BTC🔥🔥🔥🔥 #btcdumping
$AVAX Update
Even if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45.
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.
Even if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45.
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.
Binance Signals - Sublime Traders - $BAND
👉NEW SIGNAL👈
—————————
Pair: $BAND /USDT
Side: LONG
Leverage: 3x Cross
————————
Entry zone: 1.65 - 1.705
Target 1 1.778
Target 2 1.837
Target 3 1.960
Target 4 2.073
Target 5 2.203
Target 6 2.310
More signals: T.me/sublimetraders
Stop loss: 1.53
Risk/Reward Ratio 5: 1
—————————
Pair: $BAND /USDT
Side: LONG
Leverage: 3x Cross
————————
Entry zone: 1.65 - 1.705
Target 1 1.778
Target 2 1.837
Target 3 1.960
Target 4 2.073
Target 5 2.203
Target 6 2.310
More signals: T.me/sublimetraders
Stop loss: 1.53
Risk/Reward Ratio 5: 1
Strong buy signal Binance spot or futures - GMT
👉NEW SIGNAL👈
—————————
Pair: GMT/USDT
Side: LONG
Leverage: 2x Cross
—————————
Entry zone: 2875-3034
Target 1 3314
Target 2 3461
Target 3 3666
Target 4 3904
Target 5 4057
Target 6 4255
Stop loss: 2531
Risk/Reward Ratio 2.9: 1
Allocated risk : 2%
$GMT
—————————
Pair: GMT/USDT
Side: LONG
Leverage: 2x Cross
—————————
Entry zone: 2875-3034
Target 1 3314
Target 2 3461
Target 3 3666
Target 4 3904
Target 5 4057
Target 6 4255
Stop loss: 2531
Risk/Reward Ratio 2.9: 1
Allocated risk : 2%
$GMT
Sublime Traders GPT - Use it
Crypto Analysis GPT | Sublime Traders 🚀
Crypto Analysis GPT | Sublime Traders 🚀 is a specialized version of the ChatGPT model, tailored specifically for cryptocurrency trading and analysis. This GPT is designed to provide real-time Bitcoin and crypto prices across various exchanges listed on CryptoCompare, utilizing the Coinmarketcap API. It is adept at offering a comprehensive view of trading values in different markets, enabling traders to compare prices across exchanges and identify potential trading opportunities.
How to get it ? : Just search for Sublime Traders on Openai GPT store.
In addition to market data, Crypto Analysis GPT assists users in refining their trading strategies. It engages users with pertinent questions about their trading experience, financial goals, understanding of risk management, and risk profile. This interactive approach helps in personalizing advice and strategies to fit individual trading needs and risk tolerance.
Moreover, the model is equipped to analyze current crypto market trends. It creates lists of the biggest gainers, and uses web browsing capabilities and the Coinmarketcap API to compare total market caps. This information is presented in a concise and clear manner, often utilizing tables for easy comprehension.
Crypto Analysis GPT also has access to a specific set of documents, including detailed trade reports and strategies, which it uses as a knowledge base. This ensures that the information and advice provided are based on factual and up-to-date data. The model is programmed to prioritize the positive aspects of reports and trading outcomes, aligning with the optimistic outlook of Sublime Traders.
Crypto Analysis GPT | Sublime Traders 🚀 is a specialized version of the ChatGPT model, tailored specifically for cryptocurrency trading and analysis. This GPT is designed to provide real-time Bitcoin and crypto prices across various exchanges listed on CryptoCompare, utilizing the Coinmarketcap API. It is adept at offering a comprehensive view of trading values in different markets, enabling traders to compare prices across exchanges and identify potential trading opportunities.
How to get it ? : Just search for Sublime Traders on Openai GPT store.
In addition to market data, Crypto Analysis GPT assists users in refining their trading strategies. It engages users with pertinent questions about their trading experience, financial goals, understanding of risk management, and risk profile. This interactive approach helps in personalizing advice and strategies to fit individual trading needs and risk tolerance.
Moreover, the model is equipped to analyze current crypto market trends. It creates lists of the biggest gainers, and uses web browsing capabilities and the Coinmarketcap API to compare total market caps. This information is presented in a concise and clear manner, often utilizing tables for easy comprehension.
Crypto Analysis GPT also has access to a specific set of documents, including detailed trade reports and strategies, which it uses as a knowledge base. This ensures that the information and advice provided are based on factual and up-to-date data. The model is programmed to prioritize the positive aspects of reports and trading outcomes, aligning with the optimistic outlook of Sublime Traders.
Binance signals in 2024
What Are Cryptocurrency Trading Signals?Cryptocurrency trading signals are alerts generated by algorithms or expert traders, which provide information on the best time to buy or sell a particular cryptocurrency. These signals take into account a variety of factors, including technical analysis, market sentiment, and news events.Why Use Cryptocurrency Trading Signals?There are several key benefits to using cryptocurrency trading signals. Firstly, they can save you time and effort. Rather than having to constantly monitor the markets and keep up with the latest news and developments, you can simply wait for a signal and make a trade accordingly.Secondly, trading signals can increase your accuracy. By relying on expert analysis and algorithms, you can make more informed decisions and reduce your risk of making costly mistakes.Finally, trading signals can help you maximize your profits. By providing you with timely information on the best trades to make, you can take advantage of market movements and generate higher returns.The list of the best binance signals groups at the moment:Sublimetraders.com – Overall Best Crypto Signals Platform Whalealpha – Crypto Intelligence Platform with Trading Signals and ToolsBinance Killers – Daily Crypto Signals Fed Russian insiders – Easy to Follow SignalsMyCryptoParadise – Exclusive Insider Circle of Professional TradersNFT Signals – New NFT Trading Signals GroupAltSignals – Best Crypto Signals with Clear Trading ResultsMYC Signals – Leading Crypto Signals with Altcoin SupportOnwardBTC – Reputable Crypto Signals with Trading Robot FeaturesMyCryptoParadise – Best Crypto Signals with Personalised CoachingHow to Choose the Right Cryptocurrency Trading SignalsThere are a number of factors to consider when choosing the right trading signals for your needs. Some of the key considerations include:Reputation: Look for signals from reputable providers with a track record of success.Accuracy: Consider the accuracy of the signals, and the methods used to generate them.Cost: Some signals are free, while others come at a premium. Determine what you're willing to spend, and choose the signals that offer the best value for your money.User-friendliness: Make sure the signals are easy to understand and use, and that they can be integrated with your existing trading tools.
Bitcoin ETFs 2024: A Game-Changer for Investors and the Crypto World”
In 2024, the cryptocurrency realm is witnessing a seismic shift with the introduction of Bitcoin ETFs. This groundbreaking development is poised to redefine the investment landscape by merging the traditional financial world with digital asset innovation.
Telegram: t.me/sublimetraders
Bitcoin ETFs: The Dawn of a New Era
The SEC’s landmark approval of 11 Bitcoin ETFs signals a pivotal moment for cryptocurrencies. These ETFs, accessible through regulated frameworks, are transforming how investors engage with Bitcoin. The list includes prominent names like ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, BlackRock’s iShares Bitcoin Trust, and more.
The Evolution and Significance of Bitcoin ETFs
Originally designed to bridge traditional finance and digital currencies, Bitcoin ETFs have undergone a journey marked by regulatory challenges and significant milestones. They stand as testament to the growing acceptance of cryptocurrencies in mainstream finance.
ETFs Vs. Bitcoin: Understanding the Basics
Bitcoin ETFs allow investors to buy shares in funds holding Bitcoin, offering an indirect approach to cryptocurrency investment. Unlike the more volatile crypto market, traditional ETFs track diverse assets like stocks and bonds, offering different risk and return profiles.
More explained here
Unpacking the Economic and Market Impact
The introduction of Bitcoin ETFs is reshaping the economic landscape. They’re expected to boost liquidity and stability in the Bitcoin market and potentially drive its price upward. However, market responses might vary, taking into account the complex factors influencing cryptocurrency prices.
Access for All: Democratizing Investment in Bitcoin
Bitcoin ETFs are a boon for accessibility, lowering the entry barriers for average investors into the crypto space. They offer a secure, regulated way to participate in Bitcoin’s growth, making digital asset investment more mainstream.
$BTC #etf #ENS #BTC #ETH #cpi
In 2024, the cryptocurrency realm is witnessing a seismic shift with the introduction of Bitcoin ETFs. This groundbreaking development is poised to redefine the investment landscape by merging the traditional financial world with digital asset innovation.
Telegram: t.me/sublimetraders
Bitcoin ETFs: The Dawn of a New Era
The SEC’s landmark approval of 11 Bitcoin ETFs signals a pivotal moment for cryptocurrencies. These ETFs, accessible through regulated frameworks, are transforming how investors engage with Bitcoin. The list includes prominent names like ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, BlackRock’s iShares Bitcoin Trust, and more.
The Evolution and Significance of Bitcoin ETFs
Originally designed to bridge traditional finance and digital currencies, Bitcoin ETFs have undergone a journey marked by regulatory challenges and significant milestones. They stand as testament to the growing acceptance of cryptocurrencies in mainstream finance.
ETFs Vs. Bitcoin: Understanding the Basics
Bitcoin ETFs allow investors to buy shares in funds holding Bitcoin, offering an indirect approach to cryptocurrency investment. Unlike the more volatile crypto market, traditional ETFs track diverse assets like stocks and bonds, offering different risk and return profiles.
More explained here
Unpacking the Economic and Market Impact
The introduction of Bitcoin ETFs is reshaping the economic landscape. They’re expected to boost liquidity and stability in the Bitcoin market and potentially drive its price upward. However, market responses might vary, taking into account the complex factors influencing cryptocurrency prices.
Access for All: Democratizing Investment in Bitcoin
Bitcoin ETFs are a boon for accessibility, lowering the entry barriers for average investors into the crypto space. They offer a secure, regulated way to participate in Bitcoin’s growth, making digital asset investment more mainstream.
$BTC #etf #ENS #BTC #ETH #cpi
Look at what happened when the gold ETF launched back in 2004.
Looks like a big run up going into it, then a cool down consolidation period, then a huge melt up?
This could happen with #BTC .
A big difference of course is after that the gold ETF launched (there was more demand) they started mining more gold. They increased supply.
With Bitcoin they cannot do that. In fact supply flow gets cut in half in just a few months.
$BTC $ETH
Looks like a big run up going into it, then a cool down consolidation period, then a huge melt up?
This could happen with #BTC .
A big difference of course is after that the gold ETF launched (there was more demand) they started mining more gold. They increased supply.
With Bitcoin they cannot do that. In fact supply flow gets cut in half in just a few months.
$BTC $ETH
LIVE#BTCUSDT Analysis
Technical Setup:
Triangle Formation: The chart showcases a symmetrical triangle pattern formation. Such formations typically denote a period of consolidation before a potential breakout in either direction.
Important Levels:
Upper target is defined from the previous pivot/order block on the daily, situated at $37.7k. The Lower target is the previous consolidation area at around $30k and is riddled with smaller supports both from the current candle formation and important fibonacci levels.
VPVR: The Volume Profile Visible Range indicates substantial trading activity around our current levels, providing both support and resistance.
Candle Patterns: A few small-bodied candles within the triangle, suggesting indecision in the market.
SMALL CANDLES + LOW VOLUME + TRIANGLE FORMATIONS = WE WAIT FOR A CLEAN BREAK
Volume: A decreasing volume during the formation of the symmetrical triangle, which is typical. A breakout in either direction would surely be accompanied by a significant spike in volume.
Open Interest: Stable for now. An increase in open interest during a breakout would confirm the direction of the move.
Global Macro: Always be aware of broader market conditions and global news, especially pertaining to cryptocurrencies and regulations.
As of now, the main factors influencing the price of BTC is the war crysis in both the Middle East and Eastern Europe as well as the looming BTC ETF approval, any big news in this regard would likely move the price substantially.
As Bitcoin (BTCUSDT) consolidates within a symmetrical triangle, traders must remain vigilant for signs of a breakout in either direction. We defined trade setups and strategies for both bullish and bearish scenarios just waiting to post once relevant. As always, it's essential to adjust in real-time according to the evolving market landscape. Personal bias: Bullish
Make sure you stay near your telegram, the break can happen soon!
Technical Setup:
Triangle Formation: The chart showcases a symmetrical triangle pattern formation. Such formations typically denote a period of consolidation before a potential breakout in either direction.
Important Levels:
Upper target is defined from the previous pivot/order block on the daily, situated at $37.7k. The Lower target is the previous consolidation area at around $30k and is riddled with smaller supports both from the current candle formation and important fibonacci levels.
VPVR: The Volume Profile Visible Range indicates substantial trading activity around our current levels, providing both support and resistance.
Candle Patterns: A few small-bodied candles within the triangle, suggesting indecision in the market.
SMALL CANDLES + LOW VOLUME + TRIANGLE FORMATIONS = WE WAIT FOR A CLEAN BREAK
Volume: A decreasing volume during the formation of the symmetrical triangle, which is typical. A breakout in either direction would surely be accompanied by a significant spike in volume.
Open Interest: Stable for now. An increase in open interest during a breakout would confirm the direction of the move.
Global Macro: Always be aware of broader market conditions and global news, especially pertaining to cryptocurrencies and regulations.
As of now, the main factors influencing the price of BTC is the war crysis in both the Middle East and Eastern Europe as well as the looming BTC ETF approval, any big news in this regard would likely move the price substantially.
As Bitcoin (BTCUSDT) consolidates within a symmetrical triangle, traders must remain vigilant for signs of a breakout in either direction. We defined trade setups and strategies for both bullish and bearish scenarios just waiting to post once relevant. As always, it's essential to adjust in real-time according to the evolving market landscape. Personal bias: Bullish
Make sure you stay near your telegram, the break can happen soon!
BTCUSDT , what an amazing run we had
Price Action:
#BTC has recently seen a significant bullish run, followed by consolidation.A sharp pullback is evident from the long red candlestick, indicating strong selling pressure or profit-taking from the highs.The price is currently consolidating around the 0.33 Fibonacci level, highlighted as "Watch this level" ($33,694.31).
Key Levels:
Resistance: Immediate resistance lies at $33,540.87, which is the peak before the pronounced drop.Support: Fibonacci retracement levels serve as potential support zones:0.5 level at $32,846.09.0.66 level at $32,047.76.A distinct support level is evident at $30,351.30, a significant prior point of price action.
Volume Profile (Right side of the chart):
There's a significant volume node around $33,395.06, indicating areas of trading interest and potential consolidation.The less voluminous regions (blue gaps) represent areas where the price might traverse swiftly, due to less historical trading activity.
Open Interest (OI):
Open Interest seems to be declining as the price reached its peak, indicating that some traders might be closing their positions.The sharp drop in OI during the price decline shows that a significant number of positions were closed, possibly leading to the strong red candle.Reduced OI during consolidation suggests caution and reduced commitment from traders at this level.
Trade Ideas:
Bullish Scenario: If BTC breaches $33,540.87 with a coinciding increase in OI, it might indicate renewed interest and a potential move to test previous highs.Bearish Scenario: A break below the "Watch this level" mark ($33,694.31) with decreasing OI could suggest a lack of interest in maintaining positions, possibly leading to a test of the 0.5 and 0.66 Fibonacci levels.
#BTC has recently seen a significant bullish run, followed by consolidation.A sharp pullback is evident from the long red candlestick, indicating strong selling pressure or profit-taking from the highs.The price is currently consolidating around the 0.33 Fibonacci level, highlighted as "Watch this level" ($33,694.31).
Key Levels:
Resistance: Immediate resistance lies at $33,540.87, which is the peak before the pronounced drop.Support: Fibonacci retracement levels serve as potential support zones:0.5 level at $32,846.09.0.66 level at $32,047.76.A distinct support level is evident at $30,351.30, a significant prior point of price action.
Volume Profile (Right side of the chart):
There's a significant volume node around $33,395.06, indicating areas of trading interest and potential consolidation.The less voluminous regions (blue gaps) represent areas where the price might traverse swiftly, due to less historical trading activity.
Open Interest (OI):
Open Interest seems to be declining as the price reached its peak, indicating that some traders might be closing their positions.The sharp drop in OI during the price decline shows that a significant number of positions were closed, possibly leading to the strong red candle.Reduced OI during consolidation suggests caution and reduced commitment from traders at this level.
Trade Ideas:
Bullish Scenario: If BTC breaches $33,540.87 with a coinciding increase in OI, it might indicate renewed interest and a potential move to test previous highs.Bearish Scenario: A break below the "Watch this level" mark ($33,694.31) with decreasing OI could suggest a lack of interest in maintaining positions, possibly leading to a test of the 0.5 and 0.66 Fibonacci levels.
This #BTC setup can be used on SPOT as well as Futures. If you do decide to go for futures, use low leverage.
Price closed above a resistance descending trendline and volume seems to be consistent. The waves (sublime waves) are opened and look primed for continuation. We are however still in an
uncertainty range 26.3 - 27.2, a range that is guarded on the upper side by the 0.33 Fib. Once broken we increase the chances of success of the trade by almost 70%.
There is still a chance that the price would break and kill the position and for those who fear that , we have another possible setup: Instead of entering in the range, you could take the current TP1 and consider that the breakout entry, in this case the SL would be higher (Just below the PoC). #ETH has a similar setup, comment to get it.📝
Price closed above a resistance descending trendline and volume seems to be consistent. The waves (sublime waves) are opened and look primed for continuation. We are however still in an
uncertainty range 26.3 - 27.2, a range that is guarded on the upper side by the 0.33 Fib. Once broken we increase the chances of success of the trade by almost 70%.
There is still a chance that the price would break and kill the position and for those who fear that , we have another possible setup: Instead of entering in the range, you could take the current TP1 and consider that the breakout entry, in this case the SL would be higher (Just below the PoC). #ETH has a similar setup, comment to get it.📝
Volume picked up soon after the markets opened in the US . With huge the huge news of #Grayscale winning the #ETF case against the SEC.
#BTC is booming and the volume is absolutely bonkers.
Potential target in the chart.
#BTC is booming and the volume is absolutely bonkers.
Potential target in the chart.
If this happens we're going to scalp it!
🚀Crypto Market Update 🚀
Hello Sublime Traders 👋
Here's your daily dose of crypto market insights and analysis for 17/08/23 🗓️
📈 BTC Price Tendency 📈
Current price: $28.584
24h Change: 🔽 -1.97%
7d Change: 🔼 -3.07%
FEAR & GREED: 47 neutral
🌐 Market Cap 🌐
Total Market Cap:🔽 $1,14T
BTC Dominance:🔼 49%
📰 Notable Events this week 📰
EURO area Core Inflation Rate - 18 AUG 11AM GMT+2
🧠 BTC Technical Analysis: https://www.tradingview.com/x/FjBXSfk8/
Bitcoin 1D chart
Since march we haven't seen real volume in any direction, the moves were slow and tedious with multiple formations happening.
On this chart we will take a simplistic approach and check some supports and resistances. Note that even if the general chart pattern is bullish , we do have strong drops along the way.
In the current formation we can establish an engulfing bearish pattern that signaled downside pretty early, the current short setup we are running on BTC should still be open....BUT we suggest that being net short is not the greatest of ideas at this confluence point.
Confluence point at $28400 : Previous resistance flipped support+ 0.5 Fib + weak low range of falling wedge.
Observations: - The falling wedge in this formation is weak but can play it's bullish role. - Losing the 0.5Fib would mean that the price will go for the next confluence point at $27.100(0.66 + 200MA).
If this happens we will scalp our way from 0.5 to 0.6 - Volume is insanely low for the moves we have, meaning that high volume leveraged positions can truly move the price.
🧠 Altcoins to watch:
SOL - https://www.tradingview.com/x/aAZ6eUYD/
AR - https://www.tradingview.com/x/NO29Itq5/
WAVES - https://www.tradingview.com/x/qvqMCdzJ/
Trade Safe! 💰💹
Hello Sublime Traders 👋
Here's your daily dose of crypto market insights and analysis for 17/08/23 🗓️
📈 BTC Price Tendency 📈
Current price: $28.584
24h Change: 🔽 -1.97%
7d Change: 🔼 -3.07%
FEAR & GREED: 47 neutral
🌐 Market Cap 🌐
Total Market Cap:🔽 $1,14T
BTC Dominance:🔼 49%
📰 Notable Events this week 📰
EURO area Core Inflation Rate - 18 AUG 11AM GMT+2
🧠 BTC Technical Analysis: https://www.tradingview.com/x/FjBXSfk8/
Bitcoin 1D chart
Since march we haven't seen real volume in any direction, the moves were slow and tedious with multiple formations happening.
On this chart we will take a simplistic approach and check some supports and resistances. Note that even if the general chart pattern is bullish , we do have strong drops along the way.
In the current formation we can establish an engulfing bearish pattern that signaled downside pretty early, the current short setup we are running on BTC should still be open....BUT we suggest that being net short is not the greatest of ideas at this confluence point.
Confluence point at $28400 : Previous resistance flipped support+ 0.5 Fib + weak low range of falling wedge.
Observations: - The falling wedge in this formation is weak but can play it's bullish role. - Losing the 0.5Fib would mean that the price will go for the next confluence point at $27.100(0.66 + 200MA).
If this happens we will scalp our way from 0.5 to 0.6 - Volume is insanely low for the moves we have, meaning that high volume leveraged positions can truly move the price.
🧠 Altcoins to watch:
SOL - https://www.tradingview.com/x/aAZ6eUYD/
AR - https://www.tradingview.com/x/NO29Itq5/
WAVES - https://www.tradingview.com/x/qvqMCdzJ/
Trade Safe! 💰💹
Crypto Market Update
Hello Sublime Traders 👋 Here's your daily dose of crypto market insights and analysis for 11/08/23 🗓️
📈 BTC Price Tendency 📈
Current price: $29.406 24h
Change: 🔽 -0.43% 7d
Change: 🔼 0.89%
FEAR & GREED: 51 neutral
🌐 Market Cap 🌐
Total Market Cap:🔽 $1,17T
BTC Dominance:🔼 48.8%
📰 Notable Events this week 📰
PPI MoM for July - Forecast 0.2% with a previous of 0.1%
🧠 Top Gainers today:
RUNE: 🔼 5.35%
FTM: 🔼 4.15%
BAT: 🔼 3.95%
🧠 Top losers :
GMX: 🔽 -8.48%
AR: 🔽 -3.54%
APT: 🔽 -3.08%
🧠 Altcoin to watch: API3, BAT, LINA
🧠 Technical Analysis: https://www.tradingview.com/x/OubdJa5B/
Bitcoin 4h
We are in rough and choppy waters, creating a clear ascending range pattern that gets rejected by the book at support and resistance levels. The 0.33 Fib level is tested as well with the price closing above and below it regularly.
Even if this pattern is plotting higher highs and lows, we need to remember that we are STILL in a downtrend and that the outcome for an ascending channel in a downtrend is still a lower target.
While the main formation is neutral-bearish we do have a bullish one as well: Enter the double bottom. Less visible to the untrained eye, this double bottom could bring the price above and beyond the 31k level. While for most this level is more on the wishful thinking side, technically this can happen. In order for this to happen we would need a catalyst(none in the horizon for now).
Altcoins https://www.tradingview.com/x/YyGaoYfR/
The total altcoin MC has been dropping steadily with a short rebound the last few days. The choppyness of #BTC is keeping most altcoins to perform as they would like to , volumes are stil low compared to what we used to see in the past.
The main issue with alts is that people are fearful of the 30k support, will it break or hold and send the price back along with all the alt.
MID term stance: BEARISH
Trade Safe! 💰💹
📈 BTC Price Tendency 📈
Current price: $29.406 24h
Change: 🔽 -0.43% 7d
Change: 🔼 0.89%
FEAR & GREED: 51 neutral
🌐 Market Cap 🌐
Total Market Cap:🔽 $1,17T
BTC Dominance:🔼 48.8%
📰 Notable Events this week 📰
PPI MoM for July - Forecast 0.2% with a previous of 0.1%
🧠 Top Gainers today:
RUNE: 🔼 5.35%
FTM: 🔼 4.15%
BAT: 🔼 3.95%
🧠 Top losers :
GMX: 🔽 -8.48%
AR: 🔽 -3.54%
APT: 🔽 -3.08%
🧠 Altcoin to watch: API3, BAT, LINA
🧠 Technical Analysis: https://www.tradingview.com/x/OubdJa5B/
Bitcoin 4h
We are in rough and choppy waters, creating a clear ascending range pattern that gets rejected by the book at support and resistance levels. The 0.33 Fib level is tested as well with the price closing above and below it regularly.
Even if this pattern is plotting higher highs and lows, we need to remember that we are STILL in a downtrend and that the outcome for an ascending channel in a downtrend is still a lower target.
While the main formation is neutral-bearish we do have a bullish one as well: Enter the double bottom. Less visible to the untrained eye, this double bottom could bring the price above and beyond the 31k level. While for most this level is more on the wishful thinking side, technically this can happen. In order for this to happen we would need a catalyst(none in the horizon for now).
Altcoins https://www.tradingview.com/x/YyGaoYfR/
The total altcoin MC has been dropping steadily with a short rebound the last few days. The choppyness of #BTC is keeping most altcoins to perform as they would like to , volumes are stil low compared to what we used to see in the past.
The main issue with alts is that people are fearful of the 30k support, will it break or hold and send the price back along with all the alt.
MID term stance: BEARISH
Trade Safe! 💰💹
