Small CME filled big CME still pending. Tomorrow we can get anything.
For those who don't know what a CME gap is. "A CME gap is a price gap on Bitcoin futures that occurs when the CME market closes on weekends and Bitcoin moves significantly. Traders watch these gaps because the price often returns to "fill" them later."
Everything is possible until tomorrow, as the FOMC meeting is scheduled for then. They are likely to manipulate the market at its best. I'm avoiding excessive trading until tomorrow because this is one of the biggest events in crypto, and market manipulation will likely be at its peak. BTC could rise to 63-65K if they want to put pressure on short traders, or it might drop back to 57K. At this point, predicting anything before the Fed's rate decision is purely a gamble. #Write2Earn #fomc #UpdateAlert
BTC Dominance is currently facing strong resistance.
For those who donât know what BTC dominance is, let me explain briefly: If BTC dominance rises, most other coins tend to drop. If it falls, other coins usually go up, so a drop in dominance is generally a good thing.
Right now, BTC dominance is hitting heavy resistance on the weekly chart. A rejection here would be good news for altcoins. However, if it breaks out, other coins might suffer for a while. But if it does break out, donât panicâit could just be the storm before the bull market.
Historically, BTC dominance has broken this resistance to the upside most of the time.
Take a look at the larger chart frame, where the market has been stuck in this zone for the last 197 days, with very strong support and resistance levels. Bitcoin (BTC) keeps bouncing off this support and getting rejected by the same resistance.
Right now, Iâm expecting the market to bounce back from this zone, but I'm waiting for a bit more confirmation. However, if this support breaks, BTC could drop to around 49k-52k, which isn't necessarily bad news, because after hitting that low, a bull market is expected.
If you lose money today, understand that these moves aren't meant for you or us. You couldn't have seen this coming. This is currently a battle among whales, so it's better to keep your money safe.
Yes, the market is designed to take your money. Even if you went long on Powell's day, you would have lost on today's wick. If you shorted on Powell's speech day, like most of us did, you got caught in the upside wick.
The market isn't trending; it's a pseudo-trend. They want to make you believe in a move before they trap you in it.
đą announcement â Hello guys, Iâm making an announcement and asking for your suggestions. Please decide and show some love on this post so that I can make a decision more easily.
As some of you know, Iâve been sharing signals on Binance Square from time to time. Now, I want you to let me know if I should provide 2 to 3 signals daily. Please show your interest by liking, commenting, and sharing with your trader friends so I can gauge your interest. Based on your interest, I will share the signals I trade with you as well.
But for now, please show maximum love on this post. Also, follow me along with liking and commenting so you can receive the signals in a timely manner.
Cryptocurrency Prices on August 27: Bitcoin falls below $63,000; Dogecoin, Chainlink drop up to 4%
Stablecoins currently dominate the crypto market, accounting for a significant 92.98% of the total 24-hour trading volume at $61.7 billion. Bitcoin, despite a market cap dip to $1.242 trillion, still holds a 56.26% dominance. Its trading volume surged by 43.6% to $28.15 billion in the last 24 hours.
Hello, be prepared to long FIL /USDT for some time. Set an entry limit at 3.950 according to your capital and consider your liquidation level before taking the trade. Set a stop loss at 3.900 and take profit at 4.300, or close it whenever you prefer.
Please make sure to follow me and definitely share this with your friends.
Note: I am not responsible for any kind of loss. Please trade according to your own technical indicators and analysis. Thank you.
đ€ : Have you ever wondered why so many coin pairs have "PERP" or "Perpetual" written next to them? Let me explain.
On Binance or similar cryptocurrency exchanges, when you see "Perpetual" (or "PERP") written next to a coin pair like "BTC/USDT PERP," it indicates that this is a Perpetual Futures Contract.
Perpetual Futures Contracts are a type of futures contract that does not have an expiration date. Unlike traditional futures contracts, which settle on a specific date, perpetual contracts can be held indefinitely. The price of these contracts is typically anchored to the spot market price through a funding rate mechanism, which helps to ensure that the perpetual contract price remains close to the actual price of the asset.
For those who dont understand this : it means most of the liquidations are downside means people are too much long now in compare of shorts and the chances in this scenario are most likely that market will come down to grab these liquidations but lets see what happens still we have more than 24 hours for weekly closing to be done!
Entry point: 3.920 Target: 3.400 (optionalâcontinue if you wish) Stop Loss: 3.950
Note: Don't use high leverage; choose the amount carefully, considering liquidation according to your capital.
"I am not responsible for any losses." â ïž
This signal is based on a 1-day timeframe, so it could be a longer-term trade. I will provide updates if you need to close the trade early, so make sure to follow me for more signals. Also, share this with your friends. Thank you!
Entry point: 0.03480 TP: 0.03140 (optional, you can continue if you want) SL: 0.03500
Note: This signal is provided based on the 1-day timeframe, so this short can extend for a longer period. If it needs to be stopped, I will update you, so make sure you follow me to get more signals, and share this with your friends. Thank you.
Just a small message and information for you guys that after days of analyzing im predicting that btc can go to 53-49k zone for liquidity, fear, negativity and making people open more and more shortsâ
We can expect a small upside move after then we could see a downfall to the 53-49 area and thats the area to fill your bags that's why im not sending much signals because waiting is much better for good opportunity instead of getting stuckedâ
Be prepared for whats coming next this is just a prediction and im myself confident for this but market can also go against so prepare for any move just don't sell your spot holdings and take care of your futures trades!â
Market currently went towards 57.5k zone to liquidate longs but this is just for trapping everyone to open shorts and most of people are trapped as there are huge amound of shorts opened and funding rate is also negative in most of the coins after a long period of time.
Which shows that mostly people are negative in the market right now and thinks market will go down and building shorts but this is the point im thinking market will flush some longs to create greed among people who are shorting then skyrocket above 70k and flush all shorts in no time so simple is that dont run towards shorts only do shorts if you are doing scalping and spot holders should hold patiently and also make some entries partially now innshaAllah we wont get trappedâ€ïž