JunaedAli
@TradeHustler
Crypto trading expert with deep knowledge of blockchain, market analysis, and risk management. Skilled in automation, financial strategies, and staying ahead of
Ακολούθηση
Ακόλουθοι
Μου αρέσει
Κοινοποιήσεις
why would you open short position in a bullish market?
suggest me please...?
why do people keep opening short positions during an upward trend. I would never get it.
$PEPE hold or close
what is your guys opinion should I close or wait for few days to see where it goes. ?
Should I close or Wait?
Bitcoin 4-Hour Chart: Technical Analysis and Strategy 🤑📊
Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels.
However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥.
The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85.
But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉.
Trading Strategy:
Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀.
Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰.
Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️.
🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts.
#Bitcoin #Write2Earn! #TradingMadeEasy #Uptober #CryptoNewss
Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels.
However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥.
The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85.
But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉.
Trading Strategy:
Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀.
Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰.
Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️.
🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts.
#Bitcoin #Write2Earn! #TradingMadeEasy #Uptober #CryptoNewss
Bitcoin’s Current Technical Overview
1. Price and Moving Averages (EMA 50 and EMA 100)
Current Price: $67,81550-hour EMA (green): $66,393100-hour EMA (red): $65,276Bitcoin is currently trading above both the 50-hour and 100-hour EMAs, which signals strong bullish momentum. The EMAs are acting as immediate support, suggesting the uptrend is likely to continue unless significant selling pressure enters the market.
2. On-Balance Volume (OBV) & Accumulation/Distribution (A/D)
OBV: While the OBV is slightly negative at -1149, this could
Current Price: $67,81550-hour EMA (green): $66,393100-hour EMA (red): $65,276Bitcoin is currently trading above both the 50-hour and 100-hour EMAs, which signals strong bullish momentum. The EMAs are acting as immediate support, suggesting the uptrend is likely to continue unless significant selling pressure enters the market.
2. On-Balance Volume (OBV) & Accumulation/Distribution (A/D)
OBV: While the OBV is slightly negative at -1149, this could