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Tellor — Reversal, Reclaim Support 👉 17% Short-Term Potential
$TRB completely invalidated my #bearish scenarios yesterday.
All signs pointed towards a further correction to the $90 level. However, #Tellor chose to take massive bullish action instead.
As a result, the level between 140-150 is now back in play.
→ Tellor printed a picture-perfect Morning Star Doji. This pattern is often a clear sign of a trend reversal (and it worked perfectly in Tellor's case).
→ Yesterday, Tellor reclaimed the 115 level.
→ A retest of the level today was successful.
→ Technical indicators look mainly bullish or neutral.
Therefore, if the market doesn't go crazy, I expect Tellor to retest the upper channel boundary between 140 and 150 soon.
Let's see if this prediction works better than my last one ;)
$TRB completely invalidated my #bearish scenarios yesterday.
All signs pointed towards a further correction to the $90 level. However, #Tellor chose to take massive bullish action instead.
As a result, the level between 140-150 is now back in play.
→ Tellor printed a picture-perfect Morning Star Doji. This pattern is often a clear sign of a trend reversal (and it worked perfectly in Tellor's case).
→ Yesterday, Tellor reclaimed the 115 level.
→ A retest of the level today was successful.
→ Technical indicators look mainly bullish or neutral.
Therefore, if the market doesn't go crazy, I expect Tellor to retest the upper channel boundary between 140 and 150 soon.
Let's see if this prediction works better than my last one ;)
AI Forecast Predicts $BTC Pullback 🔻
The latest AI forecast (calculated today) paints a slightly #bearish picture of Bitcoin.
Despite the latest pump and bullish sentiment, the forecast predicts a moderate decline of 1.4% during the next 7 days.
On top of that, a decline of 6% is predicted for the upcoming 30 days.
The quality of the forecast was rated as good in backtests.
Although the forecast does not meet my personal expectations and assessment of the market, I still wanted to share it. Especially in such market phases, it is important not to get too excited.
The latest AI forecast (calculated today) paints a slightly #bearish picture of Bitcoin.
Despite the latest pump and bullish sentiment, the forecast predicts a moderate decline of 1.4% during the next 7 days.
On top of that, a decline of 6% is predicted for the upcoming 30 days.
The quality of the forecast was rated as good in backtests.
Although the forecast does not meet my personal expectations and assessment of the market, I still wanted to share it. Especially in such market phases, it is important not to get too excited.
$BTC - Back to where it started?
It more and more feels like yesterday‘s pump will be short-lived.
As much as I hope that the current pullback is just a retest of the breakout, data begins to tell a different story.
When looking at the amount of trading signals, the amount of #bearish signals has just surpassed the bullish.
However, often this is an early indicator of a more significant bearish movement.
Let’s hope for the best!
It more and more feels like yesterday‘s pump will be short-lived.
As much as I hope that the current pullback is just a retest of the breakout, data begins to tell a different story.
When looking at the amount of trading signals, the amount of #bearish signals has just surpassed the bullish.
However, often this is an early indicator of a more significant bearish movement.
Let’s hope for the best!
$SOL — Bottomed and Ready to Tackle $200 again?
#Solana formed a proper bottom formation based on a resistance line and the bottom of its upward channel.
🚀 I don't think that we will see much lower price for the moment.
Contrary, it is likely that Solana will gain some momentum and move upwards.
✅ The next major resistance sits at $200 — the previous top and also the upper boundary of the channel.
➡️ When looking at the technical indicators we can see lots of #bearish trend indicators. However, this is totally fine as they lack behind. More importantly, the MACD has turned bullish and we can expect some momentum.
🤖 AI Forecast looks promising and contains bullish forecast for the 7D and 30D timeframe.
#Solana formed a proper bottom formation based on a resistance line and the bottom of its upward channel.
🚀 I don't think that we will see much lower price for the moment.
Contrary, it is likely that Solana will gain some momentum and move upwards.
✅ The next major resistance sits at $200 — the previous top and also the upper boundary of the channel.
➡️ When looking at the technical indicators we can see lots of #bearish trend indicators. However, this is totally fine as they lack behind. More importantly, the MACD has turned bullish and we can expect some momentum.
🤖 AI Forecast looks promising and contains bullish forecast for the 7D and 30D timeframe.
$OSMO — 83% Win Rate Signal on the 1D Chart
Osmosis printed a highly reliable short signal on the daily chart. The Power Scalper short signal has a historical win rate of 83% based on 77 events.
On average, the price declined by almost 8% during the following 10 days. For the current signal, the potential is calculated at 9%.
Trend indicators second a further decline. All moving averages are #bearish and the ADX signals a strong trend.
However, several momentum indicators flipped green, signaling a possible reversal.
#Osmosis #altcoins #AltcoinGains
Osmosis printed a highly reliable short signal on the daily chart. The Power Scalper short signal has a historical win rate of 83% based on 77 events.
On average, the price declined by almost 8% during the following 10 days. For the current signal, the potential is calculated at 9%.
Trend indicators second a further decline. All moving averages are #bearish and the ADX signals a strong trend.
However, several momentum indicators flipped green, signaling a possible reversal.
#Osmosis #altcoins #AltcoinGains
$TRB — Things Are Getting Nasty (most likely)
#Tellor is struggling to hold its support at $115. Moreover, one the 1H chart Tellor lost the important EMA200.
Combined with the #bearish momentum indicators on the daily chart (RSI, Stochastic, etc) the likeliness of a stronger correction is increasing.
Since there's no support from the broader market at the moment, the 115 support becomes essential.
👉 If it holds we might see a reversal towards the upper resistance (as expected in my post this morning).
👉 If it doesn't hold, we could see a correction to the area of $90-$100.
Unfortunately, the latter is more likely at the moment.
How to proceed: The approach stays the same — personally, I won't open any trade as long as $TRB trades in the channel between 115-145.
However, as soon as it breaks out some quick gains are almost guaranteed.
#Tellor is struggling to hold its support at $115. Moreover, one the 1H chart Tellor lost the important EMA200.
Combined with the #bearish momentum indicators on the daily chart (RSI, Stochastic, etc) the likeliness of a stronger correction is increasing.
Since there's no support from the broader market at the moment, the 115 support becomes essential.
👉 If it holds we might see a reversal towards the upper resistance (as expected in my post this morning).
👉 If it doesn't hold, we could see a correction to the area of $90-$100.
Unfortunately, the latter is more likely at the moment.
How to proceed: The approach stays the same — personally, I won't open any trade as long as $TRB trades in the channel between 115-145.
However, as soon as it breaks out some quick gains are almost guaranteed.
Sometimes the simple signals are the best.
Trading #bearish MACD crossovers was exceptionally profitable the last days.
Top 5 performing signals on Crypto OS are all MACD crossovers and include some nice gains — especially in times of sideways moving markets.
$NULS $VGX $FET
Trading #bearish MACD crossovers was exceptionally profitable the last days.
Top 5 performing signals on Crypto OS are all MACD crossovers and include some nice gains — especially in times of sideways moving markets.
$NULS $VGX $FET
$BTC — 61k-61.5k is the level to watch 👀
Overall, we are still in the consolidation phase — although it feels #bearish again today.
Moreover, we can expect some volatility today around Powell's speech (10 am ET). 🚨 Be careful when trading!
Therefore, it might be wise to wait with new trades, especially since the number of high-quality signals is meager. Let's see where #Bitcoin closes today and adjust our strategy accordingly.
Remember: Sometimes the best trade is not to trade.
Overall, we are still in the consolidation phase — although it feels #bearish again today.
Moreover, we can expect some volatility today around Powell's speech (10 am ET). 🚨 Be careful when trading!
Therefore, it might be wise to wait with new trades, especially since the number of high-quality signals is meager. Let's see where #Bitcoin closes today and adjust our strategy accordingly.
Remember: Sometimes the best trade is not to trade.
Actually , what we calculate in #FutureTarding is the probability of two events - #bullish and #bearish
#BinanceLaunchpool #notcoin
#BinanceLaunchpool #notcoin
$ONE — 92% Win Rate Signal on the 1H Chart 🚀
Harmony (ONE) flashed a trade signal on the hourly chart at 8 pm UTC.
The signal has a win rate of 91.7% based on 12 historical events.
Although most of ONE's trend indicators are #bearish there are a few signs that second the signal:
👉 MACD has turned bullish on the 1H chart, indicating an upward trend and reversal.
👉 ADX shows a strong trend
👉 RSI and other momentum indicators are neutral
The area at 0.02 seems to be logical for a first TP. Breaking through this resistance brings 0.212 on the table — resulting in a potential of ~9%
#altcoins
Harmony (ONE) flashed a trade signal on the hourly chart at 8 pm UTC.
The signal has a win rate of 91.7% based on 12 historical events.
Although most of ONE's trend indicators are #bearish there are a few signs that second the signal:
👉 MACD has turned bullish on the 1H chart, indicating an upward trend and reversal.
👉 ADX shows a strong trend
👉 RSI and other momentum indicators are neutral
The area at 0.02 seems to be logical for a first TP. Breaking through this resistance brings 0.212 on the table — resulting in a potential of ~9%
#altcoins
Bearish Momentum Accelerates 📉
When looking at the trade signals of more than 200 coins, we observe a considerable #bearish development.
➡️ On the daily chart, we have twice as many bearish (12) than #bullish signals (6). Some of the most prominent tokens with bearish signals are $ALGO , $NEAR or $FLOKI
➡️ Even worse: Looking at the 1H chart, the bearish trend seems to have gained even more momentum. In the last 6 hours, we had almost 530 bearish trade signals, compared to ~60 bullish.
What does it mean? Based on the signals, there is a considerable probability of a further price decline today.
I will post some trade setups later today.
When looking at the trade signals of more than 200 coins, we observe a considerable #bearish development.
➡️ On the daily chart, we have twice as many bearish (12) than #bullish signals (6). Some of the most prominent tokens with bearish signals are $ALGO , $NEAR or $FLOKI
➡️ Even worse: Looking at the 1H chart, the bearish trend seems to have gained even more momentum. In the last 6 hours, we had almost 530 bearish trade signals, compared to ~60 bullish.
What does it mean? Based on the signals, there is a considerable probability of a further price decline today.
I will post some trade setups later today.
$BTC
Why 60k matters...
The $60,000 level has been a key support level for the Bitcoin price on several occasions throughout 2024, including recently in March and May.
A sustained break below this level could indicate a shift in the short-term market trend and potentially lead to further price weakness.
Here are some additional details about the $60,000 support level:
* Psychological significance: The $60,000 level is a round number that has psychological significance for traders. This can make it a more difficult level for the price to break through.
* Previous support: The $60,000 level has acted as support on several occasions in the past, which suggests that it may continue to be a support level in the future.
* Moving average confluence: The $60,000 level is also close to the 200-day moving average, which is a key technical indicator that can act as support or resistance.
If the price of $BTC breaks below $60,000, it could be a sign that the market is entering a #bearish phase. However, it is important to note that the price of Bitcoin is highly volatile and can move quickly in either direction. Therefore, it is important to do your own research and make your own trading decisions.
What do You think will happen?
Why 60k matters...
The $60,000 level has been a key support level for the Bitcoin price on several occasions throughout 2024, including recently in March and May.
A sustained break below this level could indicate a shift in the short-term market trend and potentially lead to further price weakness.
Here are some additional details about the $60,000 support level:
* Psychological significance: The $60,000 level is a round number that has psychological significance for traders. This can make it a more difficult level for the price to break through.
* Previous support: The $60,000 level has acted as support on several occasions in the past, which suggests that it may continue to be a support level in the future.
* Moving average confluence: The $60,000 level is also close to the 200-day moving average, which is a key technical indicator that can act as support or resistance.
If the price of $BTC breaks below $60,000, it could be a sign that the market is entering a #bearish phase. However, it is important to note that the price of Bitcoin is highly volatile and can move quickly in either direction. Therefore, it is important to do your own research and make your own trading decisions.
What do You think will happen?
