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Ben Walther
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Education Alert 🚨 In this video, I discuss one of my favorite trading strategies, the hyper scalper strategy. Check it out!
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Ben Walther
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Tomorrow's live session takes place at 9:30 AM UTC. Looking forward to sharing fresh thoughts with y'all. Join Here!
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Render — Bollinger Bands Indicate Reversal 🆙 Render Token has flashed a bullish Bollinger Bands signal on the 4H chart. The signal is triggered when the price touches (or falls below) the lower Bollinger Band. Very often, this indicates a price reversal. Based on the backtest, the signal has a success rate of 94% to achieve 2% gains and 67% to achieve 5% gains. Therefore, since the signal is calculated at a profit potential of 8%, it might be wise to choose a lower target. -- For more free trade strategies, you can visit Crypto OS. More details in my X bio. #TradeSignal #RENDER $RNDR
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This Is Getting Boring 😑 Crypto Market RSI Hits New Low ⬇️ Yesterday's candle close sent the average RSI of 200 tokens to a new 2-year all-time low of 25.2, clearly breaking the major resistance. The positive aspect: A reversal and relief rally gets more likely with every low. However, the market hasn't shown many signs of life lately. Therefore, I see two options: 1️⃣ — A significant event (e.g., the ETH ETF launch date) revives the market and brings fresh buying power. 2️⃣ — Instead of a stronger relief rally, the market pumps only slightly before continuing to move sideways or in a slow downtrend. To close with another positive aspect, there won't be a sharp decline in altcoins at this level. The heavily oversold RSI (some tokens are at an RSI level of 10!!!) makes this very unlikely. #AltcoinStrategies #Market_Update
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Who wants to see the latest RSI update, implications on the market, and an updated prediction? Let me know 👇 #Market_Update
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3 Reasons Why Bitcoin Will Bounce At The Current Level 🚀 $BTC has been in a moderate downtrend for the last few days. During that time, the crypto sentiment changed massively. Social media is jam-packed with doom posts forecasting a massive dump. While there's a chance to see lower levels, the opposite is much more likely. Here are three data-based reasons why: 1️⃣ The upper boundary of the bull flag (see chart below) has served as a proper support line. Just two days ago, Bitcoin bounced again at that support. Additionally, we have an even stronger support line sitting at ~62.5. Therefore, even if the bull flag support breaks, you can expect a bounce from the support below. 2️⃣ The overall market is super oversold and ready for a turnaround. You can see that in many of my previous posts. The entire altcoin market is extremely oversold. Consequently, a bounce is getting more likely every day. 3️⃣ Volume has been constantly decreasing BTC trade volume has been constantly decreasing during its downtrend. This can be interpreted as fading sell pressure that is likely to result in a massive volume spike. One word of caution: A break of the 62k level invalidates the above arguments and signals a bearish continuation. -- Visit Crypto for more trade strategies. Details are in my Twitter bio. $BTC #tradesafely
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