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Market update-
Over the last few days we have been watching the Bitcoin buy wall under $60k. Be aware that this morning these orders are no longer there. This is not uncommon with big orders cancelling over the weekend. We have once again seen $60k hold strong as it was tested again during the night, but we have not seen enough volume to see any significant bounce so far. The trendlines on the chart show that the price action is compressing and very soon we will get a bigger move. Until Bitcoin makes a decision we will continue to look at altcoin set ups.
Coins showing volatility this morning: CHR, BAND, TRX.
Over the last few days we have been watching the Bitcoin buy wall under $60k. Be aware that this morning these orders are no longer there. This is not uncommon with big orders cancelling over the weekend. We have once again seen $60k hold strong as it was tested again during the night, but we have not seen enough volume to see any significant bounce so far. The trendlines on the chart show that the price action is compressing and very soon we will get a bigger move. Until Bitcoin makes a decision we will continue to look at altcoin set ups.
Coins showing volatility this morning: CHR, BAND, TRX.
Key Events to keep an eye on this week! (WC - 24/06/2024)
Let’s take a look at the key news to keep an eye on this week:
Thursday 27th June
Final GDP - 12:30 UTC
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time. It counts all of the output generated within the borders of a country.
Expected = 1.4%
Previous = 1.3%
Friday 28th June
Core PCE Price Index - 12:30 UTC
This is the change in prices of goods and services excluding energy and food.
Expected = 0.1%
Previous = 0.2%
PCE is a good indication of current inflation throughout the economy. The fed will look closely at these figures and use it to make decisions on their monetary policy.
Let’s see how the market reacts to these events. And let’s have a great week!🤝
Let’s take a look at the key news to keep an eye on this week:
Thursday 27th June
Final GDP - 12:30 UTC
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time. It counts all of the output generated within the borders of a country.
Expected = 1.4%
Previous = 1.3%
Friday 28th June
Core PCE Price Index - 12:30 UTC
This is the change in prices of goods and services excluding energy and food.
Expected = 0.1%
Previous = 0.2%
PCE is a good indication of current inflation throughout the economy. The fed will look closely at these figures and use it to make decisions on their monetary policy.
Let’s see how the market reacts to these events. And let’s have a great week!🤝
📍SIGNAL ID: #155📍
COIN: $GMX/USDT (3-5x)
Direction: LONG📈
➖➖➖➖➖➖➖
ENTRY: 25 - 27.9
OTE: 26.5
TARGETS
Short Term: 28.3 - 28.6 - 29 - 29.5 - 30
Mid Term: 35 - 40 - 45 - 50 - 63
STOP LOSS: 23.738
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
#btc #gmt #BinanceTournament
COIN: $GMX/USDT (3-5x)
Direction: LONG📈
➖➖➖➖➖➖➖
ENTRY: 25 - 27.9
OTE: 26.5
TARGETS
Short Term: 28.3 - 28.6 - 29 - 29.5 - 30
Mid Term: 35 - 40 - 45 - 50 - 63
STOP LOSS: 23.738
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
#btc #gmt #BinanceTournament
Market update-
Very low volume so far this weekend, and we are seeing Bitcoin move within less 0.5%...$64.2k -$64.5k is the range! If this level holds, and we see an increase in volume heading into the weekly close then I think that $65k will be retested today. This is the DM VAL/ Prev Week Low, but I do expect this to be resistance. If we get a strong rejection there, and a weekly close below $65k, then I think there is a good chance that we move even lower next week.
But I am hoping for a couple more profit hits before the week closes!
Coins showing volatility this morning: MTL, UNFI, BLZ.
Very low volume so far this weekend, and we are seeing Bitcoin move within less 0.5%...$64.2k -$64.5k is the range! If this level holds, and we see an increase in volume heading into the weekly close then I think that $65k will be retested today. This is the DM VAL/ Prev Week Low, but I do expect this to be resistance. If we get a strong rejection there, and a weekly close below $65k, then I think there is a good chance that we move even lower next week.
But I am hoping for a couple more profit hits before the week closes!
Coins showing volatility this morning: MTL, UNFI, BLZ.
UMA- I do not want to over trade the weekend chop but another set up that looks like it has potential if we get a retest. 4 hour downtrend breakout and 4 hour demand.
$2.60 - $2.56 is the zone. SL $2.45 (5% after DCA) or manual.
$2.60 - $2.56 is the zone. SL $2.45 (5% after DCA) or manual.
📍SIGNAL ID: #1551📍
COIN: $ENS/USDT (3-5x)
Direction: SHORT
➖➖➖➖➖➖➖
ENTRY: 28.603 - 26.5
OTE: 27.5
TARGETS
Short Term: 26 - 25.5 - 25 - 24 -23
Mid Term: 22 - 21 - 20 - 18
STOP LOSS: 31
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
COIN: $ENS/USDT (3-5x)
Direction: SHORT
➖➖➖➖➖➖➖
ENTRY: 28.603 - 26.5
OTE: 27.5
TARGETS
Short Term: 26 - 25.5 - 25 - 24 -23
Mid Term: 22 - 21 - 20 - 18
STOP LOSS: 31
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
Market update-
Bitcoin failed to hold ($65.3k) DM VAL and Monday Low ($65k) as support yesterday and we can see that once these levels were lost this zone became resistance. The price has continued lower this morning, but has so far bounced exactly from the Premium Group limit entry at $63.5k
$63.5k is the top end of the daily demand zone, and also the 4 hour downtrend support trendline. Liquidity is building lower, so the sell off may not be over yet. I have my eyes on some lower levels to bid if we see more downside.
Coins showing volatility this morning: TRB, ENS, NEAR.
@Bitcoin.org @BitcoinKE @Bitcoinworld
@Bitcoinleef @Bitcoin Gurukul
$BTC $BCH $ВВ
#bitcoinÖ #Bitcoin ! #BTC?
#BCH.智能策略库3
#MicroStrategy
Bitcoin failed to hold ($65.3k) DM VAL and Monday Low ($65k) as support yesterday and we can see that once these levels were lost this zone became resistance. The price has continued lower this morning, but has so far bounced exactly from the Premium Group limit entry at $63.5k
$63.5k is the top end of the daily demand zone, and also the 4 hour downtrend support trendline. Liquidity is building lower, so the sell off may not be over yet. I have my eyes on some lower levels to bid if we see more downside.
Coins showing volatility this morning: TRB, ENS, NEAR.
@Bitcoin.org @BitcoinKE @Bitcoinworld
@Bitcoinleef @Bitcoin Gurukul
$BTC $BCH $ВВ
#bitcoinÖ #Bitcoin ! #BTC?
#BCH.智能策略库3
#MicroStrategy
HIGH RISK FUTURES (Scalp)
ENTRY LIMIT
2% SL AFTER DCA
BTC / USDT
Entry Zone:
65,405 - 65,005
(DCA within this zone if price materialises.)
TP1: 66,059
TP2: 66,712
TP3: 67,366
TP4: 68,675
TP5: 70,635
SL: 63,980
Manage Leverage and risk. Expose no more than 2-3% of wallet in the trade.
Not financial advice. All trades are at your own risk.
#btc
ENTRY LIMIT
2% SL AFTER DCA
BTC / USDT
Entry Zone:
65,405 - 65,005
(DCA within this zone if price materialises.)
TP1: 66,059
TP2: 66,712
TP3: 67,366
TP4: 68,675
TP5: 70,635
SL: 63,980
Manage Leverage and risk. Expose no more than 2-3% of wallet in the trade.
Not financial advice. All trades are at your own risk.
#btc
BTC reason for trade- I mentioned the other day if we get acceptance below $65k then I am interested in $63.5k. We do not have acceptance under yet, but it is moving closer so I am putting my bid up now. Top of daily demand zone down to the .618 fib level. Also a big area of liquidity as discussed.
#btc
#btc
📍SIGNAL ID: #1549📍
COIN: $HOT/USDT (3-5x)
Direction: SHORT
➖➖➖➖➖➖➖
ENTRY: 0.0019 - 0.00173
OTE: 0.0018
TARGETS
Short Term: 0.001712 - 0.001694 - 0.00166 - 0.0016
Mid Term: 0.0015 - 0.0014 - 0.0013 - 0.0012 - 0.000999
STOP LOSS: 0.001999
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
#btc #hot
COIN: $HOT/USDT (3-5x)
Direction: SHORT
➖➖➖➖➖➖➖
ENTRY: 0.0019 - 0.00173
OTE: 0.0018
TARGETS
Short Term: 0.001712 - 0.001694 - 0.00166 - 0.0016
Mid Term: 0.0015 - 0.0014 - 0.0013 - 0.0012 - 0.000999
STOP LOSS: 0.001999
➖➖➖➖➖➖➖
This message cannot be forwarded or replicated
- 369Network®
#btc #hot
Market update-
Bitcoin swept below $65k overnight, and if you have been following my updates then you will not be surprised as we have been saying there was so much liquidity sitting lower. Although a good amount has now been taken, there is still a fair amount of bids sitting at $64.5k and below. There are also bids now growing at $61k - $60k which I am monitoring. Strong resistance at $66.6k which was tested yesterday but rejected on the 4 hour close.
Our Monday range this week is $65k - $67.2k. Whatever the price action, let's keep smashing it!
Coins showing volatility this morning: UNFI, KNC, PEOPLE.
Bitcoin swept below $65k overnight, and if you have been following my updates then you will not be surprised as we have been saying there was so much liquidity sitting lower. Although a good amount has now been taken, there is still a fair amount of bids sitting at $64.5k and below. There are also bids now growing at $61k - $60k which I am monitoring. Strong resistance at $66.6k which was tested yesterday but rejected on the 4 hour close.
Our Monday range this week is $65k - $67.2k. Whatever the price action, let's keep smashing it!
Coins showing volatility this morning: UNFI, KNC, PEOPLE.
HIGH RISK FUTURES
ENTRY LIMIT
5% SL AFTER DCA
TON / USDT
Entry Zone:
7.310 - 7.200
(DCA within this zone if price materialises.)
TP1: 7.383
TP2: 7.456
TP3: 7.529
TP4: 7.675
TP5: 7.894
SL: 6.909
Manage Leverage and risk. Expose no more than 2-3% of wallet in the trade.
Not financial advice. All trades are at your own risk.
#ton #btc
ENTRY LIMIT
5% SL AFTER DCA
TON / USDT
Entry Zone:
7.310 - 7.200
(DCA within this zone if price materialises.)
TP1: 7.383
TP2: 7.456
TP3: 7.529
TP4: 7.675
TP5: 7.894
SL: 6.909
Manage Leverage and risk. Expose no more than 2-3% of wallet in the trade.
Not financial advice. All trades are at your own risk.
#ton #btc
TAKING PROFIT
Trading is a business, it’s a long term game… not a casino. So a great strategy and discipline to execute it are essential in 369Network.
Our trades TP levels are divided in 3 categories:
Short Term TPs: 1-6 days
Mid Term TPs: 1-4 weeks
Long Term TPs 4+ weeks
What should you do as TPs are reached?
⚪️TP1-3: What to do?
Close 30% of your original position and place Stop Loss at entry. Congrats you have a profitable trade.
⚪️TP4-6: What to do?
Close 20% more and move Stop Loss up to TP1
⚪️TP7+: What to do?
Close 30% more, move Stop Loss to TP2 and let the remaining 20% ride.
**These are just reference numbers and trades may be managed as you wish.
It will happen. We are not perfect and sooner or later we will hit a Stop Loss. Don’t think we know everything and are always correct, because we aren’t.
DEALING WITH LOSSES
In 369Network we are not perfect, and whoever tells you they're flawless is just trying to steal your money... Whenever a loss occurs, we feel like something breaks inside of us. Is it that we are not made for trading? Is it that we a complete losers? Is it that I should revenge trade on max leverage whatever I have left?
No, No and No.
Go out on a walk, take a fresh breathe of air or watch a movie on Netflix. Do whatever you need to do to clear your mind before going back to trading, because if you don’t trust us your emotions will eat your common sense away.
CONCLUSION
We are all here to learn and to become great traders. A great trader is not the one who makes $5,000 into $100,000 buying penny stocks… A great trader is the one who can consistently make profits over time, even with a couple of lessons on the way. A great trader is a 369Network
➖➖➖➖➖➖➖
- 369Network®
Trading is a business, it’s a long term game… not a casino. So a great strategy and discipline to execute it are essential in 369Network.
Our trades TP levels are divided in 3 categories:
Short Term TPs: 1-6 days
Mid Term TPs: 1-4 weeks
Long Term TPs 4+ weeks
What should you do as TPs are reached?
⚪️TP1-3: What to do?
Close 30% of your original position and place Stop Loss at entry. Congrats you have a profitable trade.
⚪️TP4-6: What to do?
Close 20% more and move Stop Loss up to TP1
⚪️TP7+: What to do?
Close 30% more, move Stop Loss to TP2 and let the remaining 20% ride.
**These are just reference numbers and trades may be managed as you wish.
It will happen. We are not perfect and sooner or later we will hit a Stop Loss. Don’t think we know everything and are always correct, because we aren’t.
DEALING WITH LOSSES
In 369Network we are not perfect, and whoever tells you they're flawless is just trying to steal your money... Whenever a loss occurs, we feel like something breaks inside of us. Is it that we are not made for trading? Is it that we a complete losers? Is it that I should revenge trade on max leverage whatever I have left?
No, No and No.
Go out on a walk, take a fresh breathe of air or watch a movie on Netflix. Do whatever you need to do to clear your mind before going back to trading, because if you don’t trust us your emotions will eat your common sense away.
CONCLUSION
We are all here to learn and to become great traders. A great trader is not the one who makes $5,000 into $100,000 buying penny stocks… A great trader is the one who can consistently make profits over time, even with a couple of lessons on the way. A great trader is a 369Network
➖➖➖➖➖➖➖
- 369Network®
Market update-
It is not surprising to see Bitcoin continue to move sideways over the weekend. We have not yet seen a strong reclaim of the DM VAL at $66.3k area, with the price just chopping around that zone. For now I am still waiting for a convincing breakthrough of that level or a stronger rejection. Once again all that liquidity is still showing on the heatmap ($64.9k - $63.5k) so this is still a very strong possibility.
Coins showing strength this morning: DYDX, BAKE, ENS.
It is not surprising to see Bitcoin continue to move sideways over the weekend. We have not yet seen a strong reclaim of the DM VAL at $66.3k area, with the price just chopping around that zone. For now I am still waiting for a convincing breakthrough of that level or a stronger rejection. Once again all that liquidity is still showing on the heatmap ($64.9k - $63.5k) so this is still a very strong possibility.
Coins showing strength this morning: DYDX, BAKE, ENS.
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