Few people have thought about this, but on the market standard methods of resistance support lines, standard indicators such as McD, RSI, etc. do not work. Now the market is dictated by manipulators for short periods of time and this manipulation can be predicted with the help of appropriate tools and for a trader now you need to adapt your strategy towards this type of analysis, now few people talk about this but this is good, since we all know that the BEST tool -which few people use!
The next tool, in addition to shaving positions, you can also monitor gaps, these are price gaps where KITYARA entered and, together with it, enter positions or fix positions, this way you can find the highest or lowest (examples will be pictures 👇).
If the price needs to go down, then he needs to first close the open gap and then fall, the manipulator will make sure that the price reaches there even for a couple of minutes so that his orders are triggered.
What's this? This is Bitcoin, and these are Elliott waves, ambiguous waves 😅 As we know, there are 5 waves on the rise, and note 5 waves on the fall (I know from my own experience). The 4th wave of correction happens according to the book, if it is a triangle, then there are 8 types. And an expanding triangle can be both falling and rising 👆🏻 Also ascending and descending.
So, now I see an expanding triangle, followed by a breakout upward to the targets, and I have already posted the targets in my profile, in the pin! $BTC
For crypto enthusiasts, this is a common part of interacting with DEFi, but for most market participants, as well as for beginners, this area is very complex and time-consuming. But we must not forget that decentralized finance is the basis of the crypto market; all tokens and coins that we buy on the exchange are essentially candy wrappers and we are not the real owners of this or that asset, so every market participant who wants to understand cryptocurrency must sooner or later curb this direction. There are many tools available within decentralized finance. I can list the most common ones: swapping (decentralized exchange), staking and pharming (passive income, like a deposit in a bank), buying cryptocurrency at the time of creation, various games, etc. Well, you say: “This is also available on all centralized exchanges” and you will be partly right, it is convenient and fast, but we must not forget that blockchain is the idea of the entire crypto market, and for our assets to fully belong to US, this is only through DEFI . We already know several examples of how various banks = various exchanges burst and go bankrupt, and we are not insured that our money will not go anywhere.
According to my observations, it’s already quite certain that only exchanges can be considered manipulators, I’ll explain why: there are certain levels, there are certain goals for each cryptocurrency, and news is only fuel for growth or decline.
To start calculating specific goals, you just need to look from the outside, what is the crowd doing? (crowd is the majority in the market)
Right now 14:00 Moscow time, most altcoins have reached the fall manipulation zone ✅🚀 It is not profitable for the manipulator to fall, so only growth. It can be noted $XTZ $FTM $all alts The cue ball is currently trading at $30,087
In addition to the fact that $XRP has already doubled, this is actually a very big step towards regulating the entire crypto market, which fell under securities such as $MATIC
$ADA $SOL, etc. in terms of fundamental indicators, they can be very bullish, since before that prices were set by the fall earlier, since now this news has already depreciated, these cryptocurrencies can be considered potentially bullish. The list is shown in the picture below 👇
Token Unlock is the unlocking of coins, which means that the time has come to record your profits, that is, selling the cryptocurrencies of the first investors, with large volumes. For us, we can find points for decline, or we do not buy for growth!
I think that this is one of the non-essential tools for any trader, why? Elon Musk is one of the key personalities in the cryptocurrency sphere, his main tool is Twitter, one of his tweets can make anyone rich, for PUMPING the price to unprecedented heights, and why? Because billionaires, millionaires, large funds and, of course, the crowd subscribe to it. He is the person who was one of the first to accept Dogi cryptocurrency as payment for the purchase of Tesla electric cars.
In general, most participants trade for short periods of time on futures contracts, and 10th and 20th legs are standard. Let's also take into account that the crowd buys when everyone else buys and sells when they sell. Thus, the above can be interpreted as a very large volume of trading concentrated on a certain price, and it is profitable for the manipulator to reach a certain value and then turn around, so that there are forced purchases or sales, hitting the stops, and so on, so that the exchange makes money on trading, but it is good for the minority market participants who understand how it works here for short periods of time, within the day, there are certain tools; each time they become more and more accurate and precise. This is my second article, if you are interested, please support me by liking and subscribing. I am publishing which tools will help you predict the same manipulations and enter a trade to the entry point using the appropriate tools, and I will tell you about these tools.
List of coins you need to pay attention to for the month of July
1.$HBAR network update
2. $KAVA 14th release with new updates on the roadmap
3. $EGLD is planning a new staking, which is a good event for the short term. Staking people will block their funds, that is, buy for a long period of time and not drain, in addition to this, the launch of a new network.
I will publish more significant events tomorrow, please like and subscribe!