✨ #JASMYUSDT 1D Analaysis ✨#

🚨 LEVERAGE: 5x

📢 TRADE TYPE: #LONG

📝 ENTRY PRICE:
1st Entry: 0.0178 (60%)
2nd Entry: 0.0165 ( 40%)

🎯 TAKE-PROFIT: 0.024

🛑 STOP LOSS:  1D candle closing below 0.0145

Apply proper risk management. Don't risk more than 5% wallet size.

#ScrollOnBinance #UptoberBTC70K? #JASMYUSDT $JASMY

#BTC made its rejection from the consolidation range, and made a heavy drop. Price broke through the support zone and tapped into next support zone of $64,800 - $66,050. Sells side is strongly to the downside, so have to wait for the dust to settle down, before entering fresh trades or make any directional bias.

#DXY UPDATE :

#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, previous week closed with rejection, rejecting both of the below zone and this week candle trying to gain some momentum. Candle closing engulfing will be bullish for next week and for this week we already told you it gonna be side ways. Monday market open will strong lead the move in next week.

#BITCOIN DAILY TF UPDATE :

#BITCOIN continues to push to the upside and as expected due to bullish market structure. Price kinda stuck in between a range since last week and wicking both side. Well, we're already mentioned this week gonna be range or no to less move, as structure is bullish, so we can expected some push in the market to the upside or by the next week.

#BTC made its flip above the zone, as said bias are bullish. Now price on its verge to retest it as support zone and might have a bounce. Well, this is just a range and we already mentioned, this week gonna be not good and by the net week we can expect some strong momentum moves. The Good Thing is #BTC sustaining above the $70,000 mark.

#BTC made a flip back below the zone and retesting too. Price moving back and forth over this zone and that good as consolidation is always good for the next rallies. Bias are always bullish since last week, so this week + next week will clear out the picture.

#TOTAL MARKETCAP UPDATE :

#TOTAL MARKETCAP Looks healthy in which and bullish as of now after the strong fluctuation in the market, Index now stuck between the zone of support around $2.40T - $2.44T and Resistance area of $2.63T - $2.65T. Breakout will resume the extreme greediness in the market and continue the bullrun.

#BTC did moved alot from the expected area but we can see it kept on holding the support zone. Price making multiple retests and trying to push ahead. This week, might have the slightly bullish close, so expected a push from here.

What is #Funding Rates ?

#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.

Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.

The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).

The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.

Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.

Funding Rates goes negative this coming week. Now, this might be catalyst that will push the price this week.
#BTC

#BTC.D UPDATE :

#BTC.D (#Bitcoin Dominance) forming a triangle pattern and made a continuous ranging below the Major Resistance Zone of 54.50% - 54.60%. A new Support is build at 53.00% - 53.15% where index kept on bouncing. A break of either side will decide the trend in altcoins but the only thing is #BTC either slowly pushing up or remain stable.

#BTC didn't have the retest and made its flip above the neckline from the Head & Shoulder Pattern. Currently, price is retesting back the zone as support and now ready to move higher. Daily Market Structure Turned Bullish, so expected to have it continuation.

#BTC Moving as per the Pattern build-up and flipped above the resistance area. Price still not broken the neckline which will confirm the pattern. In between, price can retest the support zone back to $66,000 before moving up. Weekly TF also made a deep retest but not significant for now, so moving higher from here is high probable.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN made a deep correction now and as always said, its good to have the deep corrections with the rising market. Now, Weekly candle doesn't giving any significant sign but yeah it made its closing below the support of #ATH. But also, price already made a retest back to the lower support too around $62,000. So, You can expect the bullish continuation from next week.

#Bitcoin made a successful retest back to the support, which is good for the market. Now, we can expect a high probable bounce from here and break all its minor resistances and major once too. Also, you can see a Inverse Head & shoulders forming in the market, so chances are pretty higher.

#Bitcoin reverse off from the itty bity support zone and the major move came with the #FOMC news and Statements. Price now break and close above the zone, shows strong buying pressure and sustaining above it. Now, we can expected the continuation from here but the only problem is the minor resistances, so if you bought the dip then just hodl and watch.

#TOTAL2 (Altcoin Marketcap Update) :

#TOTAL2 sell-off lower from the resistance and might gonna approach towards the support zone of $940B - $956B. There's strong buying opportunity for the accumulation/ buying the dip. There can be some manipulations before a reversal, so stand strong.

#BTC gave a break and close below of the support zone of and made a retest too. Market is dumping heavily and expected to reach the support zone around $58,200 - $59,550. Market was strongly correcting itself, so don't fear and watch it out.

#BTCUPDATE

Don't worry this isn't a bearish market, it's just a correction so must buy this dip. So buy these coins now, but only in spot, and if you want to open trqdes in future then don't use more than 5× leverage.