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Ben Walther
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$DOGE Bullish RSI Signal Explained in 2 Minutes — 28% Potential.
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Crypto Market Remains in a Stable Downtrend — When Bounce? The situation has been the same for the last few days based on trade signals. We have an extremely oversold market and incredible short signals on the daily chart (see screenshot below as an example). However, as already discussed, most short signals (parabolic trader) usually indicate the last wave of a trend and signal an upcoming reversal. So far, none of the scenarios have played out well: neither the short signals (at least for most coins) nor a turnaround has occurred. As a result, I remain cautious about taking trades on the daily chart since the overall direction remains unclear. It's simply a waiting game — however, in this situation, the best trade is not to trade. #Market_Update
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Crypto Market RSI At New Low — Crash or Bounce? The average crypto market RSI, which measures more than 200 tokens, has reached a new low. Moreover, it broke through a major support line for the first time in two years. Personally, I didn't expect this and was convinced to see a bounce from the support line. However, based on the data, a turnaround will likely occur during the next few days. Although we broke the support line, I don't expect the market to go much lower. What are your thoughts? #Market_Update
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Bitcoin — Levels to Watch 🚨 Had so many requests about Bitcoin. That's why I wanted to share the thoughts I already discussed in today's live feed earlier in the morning. From my POV, Bitcoin's setup is pretty obvious: $BTC traded in a bull flag and broke out ~1 month ago. However, up to now outbreak did lead to a pump. Conversely, BTC has started to trade in a downtrend. Nevertheless, it has respected the upper boundary of the bull flag up to now. If Bitcoin continues on this path, it will reach the major support area of ~62k in a few days. And that's when it gets interesting: Either both support lines hold, and BTC starts a fresh pump — or it is about to get hairy. Here's why: If BTC breaks below the support at 62k, there's actually no additional support above 52k. Therefore, we might see a decline to the lower 50,000 levels.
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ALICE — Bearish MACD Crossover + Bear Flag 📉 $ALICE has flashed a bearish MACD crossover on the hourly chart. Based on backtests, the signal has a high reliability for achieving 2% gains. However, when looking at the chart, ALICE finds itself trading in a bear flag. Therefore, if we see a break of the lower boundary the price could go much lower since the next resistance is at ~1.05. Therefore, it might be good to wait for a break to the downside before entering a trade. Nevertheless, all signs signal more downside potential. -- Visit Crypto OS for more trade signals. Details in my X bio. #Alice/USDT #TradingMadeEasy
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Here's a perfect example for some nice, quick gains. MACD crossover for $LINK played out perfectly. And that just underpins what I was saying in today's live session: Right now is not the time for the big gains when it comes to trading. It's much easier to lock in smaller trades. #TradingMadeEasy
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