JunaedAli
@TradeHustler
Crypto trading expert with deep knowledge of blockchain, market analysis, and risk management. Skilled in automation, financial strategies, and staying ahead of
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why would you open short position in a bullish market?
suggest me please...?
why do people keep opening short positions during an upward trend. I would never get it.
$PEPE hold or close
what is your guys opinion should I close or wait for few days to see where it goes. ?
Should I close or Wait?
Bitcoin 4-Hour Chart: Technical Analysis and Strategy 🤑📊
Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels.
However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥.
The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85.
But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉.
Trading Strategy:
Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀.
Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰.
Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️.
🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts.
#Bitcoin #Write2Earn! #TradingMadeEasy #Uptober #CryptoNewss
Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels.
However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥.
The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85.
But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉.
Trading Strategy:
Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀.
Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰.
Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️.
🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts.
#Bitcoin #Write2Earn! #TradingMadeEasy #Uptober #CryptoNewss
Bitcoin’s Current Technical Overview
1. Price and Moving Averages (EMA 50 and EMA 100)
Current Price: $67,81550-hour EMA (green): $66,393100-hour EMA (red): $65,276Bitcoin is currently trading above both the 50-hour and 100-hour EMAs, which signals strong bullish momentum. The EMAs are acting as immediate support, suggesting the uptrend is likely to continue unless significant selling pressure enters the market.
2. On-Balance Volume (OBV) & Accumulation/Distribution (A/D)
OBV: While the OBV is slightly negative at -1149, this could
Current Price: $67,81550-hour EMA (green): $66,393100-hour EMA (red): $65,276Bitcoin is currently trading above both the 50-hour and 100-hour EMAs, which signals strong bullish momentum. The EMAs are acting as immediate support, suggesting the uptrend is likely to continue unless significant selling pressure enters the market.
2. On-Balance Volume (OBV) & Accumulation/Distribution (A/D)
OBV: While the OBV is slightly negative at -1149, this could