An excellent box appears, we begin to go for a break. Iâm starting to accumulate and buy more on the straits.
Yes, the volumes are not very large now. But with each spill, $BTC it is quickly bought back, which indicates the strength of the buyer. The coin holds its levels well and moves quite technically. Now we can see how it is emerging from accumulation and has already given good movement.
In alt-season, I think it will give more than 2-3x
My previous recommendation $MATIC already gave +40% spot
P.S. those who write in the feed that the coin is bottom are hamsters, from the troops of those who bought Bitcoin at 69 and sold at 30. The same thing happened with $manta, but yesterday we took our profit. Analyze yourself, donât listen to hamsters - they will be shaved in any market, even a bull one)
ETH fixed at 3330 and 3545 Matic at 1.27 (then Iâm waiting for a rollback and will gain a position, I donât rule out a correction) Comp fixed at 90.100 Ada and aave will be recorded independently based on market movements Tia, has already given 3% of net movement, Iâm waiting for more significant growth Ltc 90
The entry was 0.5% of the deposit, with possible averaging lower
For now, I donât rule out a correction for $BTC , but I think that an important psychological level has not yet been reached (we also have 1 unclosed gap in the area of ââ65,000, denying the possibility that we can still get there is stupid) on the other hand, the index greed level exceeded 80, which indicates that the market may cool down. Be careful, until March 5-6, trade only with stops, even if this is not part of your trading strategy. Now there is high dominance, and the factors for growth or decline for BTC are contradictory. Remember: it is better to lose 1% of the trade now and re-enter lower than to get a complete liquidation.
âď¸The most overbought coins according to RSI Be careful with longs on these coins!
$LINK - I was long on it, now Iâm switching to short mode. Heavily overbought, and there were unclosed blocks. 1% of the deposit. $PYTH $API3 - I hold a short position at 0.5% of the deposit. $PENDLE $IMX
I also expect to see growth from $xrp and $MATIC in the medium term, fundamental alts. The support line on $XRP stubbornly holds, I hold long positions on it at 2% of the deposit.
We keep our heads cool and analyze using news, technical analysis and indicators. Donât be led by hype and coin pumps. My analysis of matic can be found in my profile, where entry points for spot positions are indicated in more detail #write2earn #api3 #xrp #matic #link
45 minutes until the Fed's interest rate decision!
Now let's be more detailed and in simple words.
What is the Fed anyway?
The US Federal Central System serves as the country's central bank.
The Fed rate is the interest rate at which banks lend to each other.
Why is this rate needed?
This is one of the types of adjustment of monetary policy (based on changes in the economy). The main thing is that it affects the cost of credit money.
The logic is this: the lower the rate, the cheaper the money, the higher the level of consumption. Entrepreneurs are increasing production, hiring more employees, and the unemployment rate is decreasing. At the same time, the inflation rate is rising. The same goes the other way around if the rate is higher.
Now I observe that forecasts are mainly that the rate will remain unchanged. If so, then this is not a bad bullish signal for local growth. After the recession. As stated in my previous post.
My observations on the weekly time frame. I expect to see Matic at 2.8USDT The red lines indicate the values ââwhere I will record the position (screen 1)
My entry point is 0.72
Current situation: Bitcoin dominance is now 52.6%. It is obvious that Matic is susceptible to big brother manipulation. Tomorrow important FOMC news will be released, I expect longs and shorts to be taken out. Also, if the news really has an impact as expected, I will place limit orders to buy Matic.
Limit takes for additional purchases of positions, in the second photo they are marked on the chart (I duplicate them in text)
1.0.738-0.748 2.0.7-0.7152 3. 0.61-0.62 - strong zone 4. 0.572-0.587
On futures I am now long from 0.734, 50% is fixed at 0.81, stop at the entry point - I expect a correction in Bitcoin and this asset. Based on these takes, I will take a position on spot for 5% of the total deposit. Futures have a take of 0.71 and 0.61 at 0.5% and 1% of the deposit.
And as traders often write, itâs not a financial recommendationđ