Crypto Trading Brasil

Market conditions are degrading. I advise you to stay out and wait for new developments.

MANTA/USDT

Possible break in 4H market structure (had been rangebound) followed by ascending bottom and attempt at rupturing resistance.

Personal target going for 3.3-3.6.

The market has been lacking volume and volatility this weekend. This may herald a larger move tomorrow or during the week.

Best entries may occur this weekend. But they may also be reversal points. Be sure to enforce tight stop losses whichever direction you expect the market to go tomorrow.

$JTO Update

JTO/USDT almost back at entry point. Could become good target for shorting.

Hello. Let's talk about the origin of all trades?

You.

How are you feeling today?

Have you argued with a loved one?

Are you feeling stressed?

Are you feeling pressured to make money, to get rich fast?

Are you chasing the market?

Have you lost a bit, some, or even a lot of money recently during trading?

Do you feel like you're in a rollercoaster of emotions while trading, and you trade for hours on end, and then leave exhausted and/or have a headache afterwards?

Do the feelings of frustration or stress from trading carry on to other daily activities, and affect how you react to other people or in daily situations?

Then stop.

More importantly than knowing technical analysis, you must first take care of your mental health. You simply cannot trade if your mental health is compromised. I have done it. Not once have I been profitable while in those states.

More than knowing about charts, the utmost skill in trading is having patience. Having patience to wait for your limit buys and limit sells to be reached.

Before jumping in, take a look inside. Are you feeling well?
The market is always here. Always. If you lose a good point of entry today, or even many good points of entry; there will be many tomorrow, and on the day after that.

Take care of yourself, and of those you love. Then, trade.

Idea for short trade (Futures contract);

JTO/USDT

Double top established.

- Macro market conditions currently switching to bearish;
- Has just plunged with significant momentum;

Plan: expect attempt to reclaim the 2.40-2.52 area. Prices often bounce back even at the start of downtrends. Best entry spots lie between 2.49-2.53 - good area for shorting.

Stop losses at the 2.77-2.80 area - where the double top was formed.

Take profits progressively at levels close to the prices of 2.00-2.15;

1.6-1.85;

1.48;

Only engage in futures' trading if you know what you're doing.
Do not overleverage. If you run max-leverage, work with fixed amount of loss, and tailor position sizes so your losses are bearable in case they do occur.

Respect entry points and stop losses. If the trade does not reach the entry point, consider it invalid; without the adequate entry point, risk to reward ratio does not attain a favourable profile.

Remember - there is no guarantee that this will happen. I am just posting an idea here. If you do not feel confident, do not engage in this type of trading.

Bearish momentum developing on BTC.

BTC has failed to breach and hold mid-range inner resistance (~43718);

Downswing currently carries good momentum. Should BTC plunge to a daily close below 41050, we're in for a larger correction towards the 33-38k area.

The sequence of events should look like this:

Penetration below 41050.

May or may not be followed by quick buying back to the price of 41000-41900.

Will, then, make successively lower lows and lower highs, but on contracted volatility. During these days, we may get occasional spikes up to the 43k-43,5k area, only for the price to be rejected back to 41k level (may not happen, either). We may also get occasional plunges to 39k level, only for the price to reestablish itself on the 40-41k range.

After a handful of days trying to build momentum and of attempting to breach - and failing - the 40k-41,9k range, larger correction with strong downside momentum towards the 33-38k area should ensue.

Will likely consolidate in that range, then, for a variable period ranging from weeks to months.

Plan your trades accordingly.

See you on the other side of this next leg.

Hello.

Before we start the week, I have a new analysis which can add to previous assertions.

These represent a slight change in interpretation of the current direction of BTC trend.

I'll provide you with 3 pictures, each numbered from 1 to 3 (clearly in the top center), and will develop my points progressively.

On picture 1, looking at the macroscopic price action of BTC, there's little doubt we have been most of the time in a trading range. Even though the prices did attempt several spikes at rupturing the resistance line at the top, they failed to do so, pulling back into the range.

However, accepting that our imaginary lines drawn on the chart are not as valid as they may seem, however reality seems to validate them, we can just as honestly as before expand our trading range to include recent deviations (as shown in picture 2).
There's really no evidence that can conclusively dispute the argument which says that the actual range wasn't from 41170 USD to 44133 USD - but rather a wider range from 41170 to 48964.53.

How, so to speak, are we to ultimately tell reality what it is, and isn't?

Admitting that there is a wider range (from 41170 to 48964.53) - and we just didn't know it, there's also another valid analysis presented in picture 3:

Some ranges, sometimes, exhibit ''expanding'' limits. Both their support lines and resistance lines will point outwards, diagonally, differently from the parallel - or sideways - behaviour we've come to expect from them.

And what does this entail? In few words, that volatility is increasing. And that the trend is, truly, directionless (as it was in the previous parallel range). It may be futile to attempt to trade these patterns - they can also generate a lot of frustration, and losses, if you're trying to trade them on the short time frame.

In these conditions, you do not have to have a position.
These patterns often end up resolving into a compressed, low-volatility, rangebound trading range after a small amount of time has passed.

Safe trading everyone, and a good week!

I'd like to thank you who have kindly decided to follow me based on my previous posts.

I would like to ask you: is there anything you'd like me to comment on?

Page 2 of 2:

Continuing my invitation to examine the Ethereum chart:

Zooming in on the previous chart (it's the same chart!) we see that the support/resistance line I referred to has been in vogue since 2017! I.e; it usually marks significant inflection points (trend reversal) in Ethereum prices versus Bitcoin prices. We can see the places of support and rupture of that line in the yellow arrows to the left of the graph.

This adds strength and validity to the support/resistance line overlaid on the chart, and adds weight to the analysis begun in the previous post.

What can we deduce from this?

Ethereum's current trend is very strong. And it could continue with Ethereum's rise even if Bitcoin enters consolidation or a slight drop (a radical drop in bitcoin would trigger a fall across the entire market, and, therefore, in Ethereum as well).

- Firstly: it could be a good time to enter Ethereum for medium and long-term holding.

- Secondly: the main second layer (layer 2) solutions for the Ethereum blockchain - Arbitrum, OP and MATIC - will receive, from this graphical disruption, and from Ethereum's price action, the very strength that Ethereum will obtain from this recent upward movement.

This means that it may also be an excellent time to consider opening buying positions in Arbitrum, OP (Optimism) and MATIC (Polygon), as they will tend to gain strength and appreciation with the rise in Ethereum prices.

Please: keep in mind that my analysis is not a final truth. What I said here is a valid analysis, but not a prophecy.

It is extremely necessary to consider the risks when opening positions in cryptocurrencies, as well as tailoring the size of the position in relation to the size of your funds, and managing possible losses as is tolerable for you.

Having said that, I end with the statement that I believe the moment for Ethereum and its subsidiaries is one of extreme strength and prosperity.

Bom trading!

Page 1 of 2:
I would like to invite you to examine the graph of Ethereum's performance against that of Bitcoin.

Ethereum's recent upward movement may reveal a very important gain in strength against Bitcoin, revealing that its prices may be about to reveal new important gains against the market's main cryptocurrency.

The technical explanation is given for the following reason:

The chart under analysis refers to weekly price analysis (therefore incurs great analytical power of price trends).

After the recent rise of Ethereum, on the weekly chart, a resistance line was broken, which, when overcome in 2021, began an appreciation movement of Ethereum against Bitcoin of around 180% (not represented by any form drawing on the chart, however, the movement I am referring to is the rapid rise of candles further to the left of the chart).

This resistance line, once broken at the beginning of 2021, became a support line, effectively tested and sustained for the first time in the week starting Monday in May 2021 (first red arrow on the left). On the second occasion, in the week starting June 13, 2022, this line was tested again, with rapid price rejection, with Ethereum again gaining 75% appreciation against the price of Bitcoin after prices attempted to break the support line established more than 1 year ago (denoted on the graph by the second red arrow, which points to the first yellow circle, in the center of the graph). In this area, it is said that the price was rejected because the market quickly bought this dip and ''did not tolerate'' the presence of the price in this region for a long time - the price of Ethereum was too cheap (according to the market at that time ) and quickly gained around 80% against the price of Bitcoin.

Since the beginning of the current week, we are once again in a unique moment: Ethereum once again breaks a line established about 3 years ago, with a weekly gain of 30% against the price of Bitcoin.

The analysis will continue in the next post that follows this one.

BTC's medium-term bullish channel is maintained. Even with a violation of the lower limit, prices are not expected to strictly respect the lines drawn on the graph.
Boundary penetrations are possible, as outlined by the spheres at the upper boundary a few weeks ago and at the lower boundary as in the most recent drop.
Especially on the penetration of the lower limit, this could represent a unique buying opportunity considering a resumption of the upward movement.
However, like everything else in the market, the uptrend is not guaranteed, and if BTC fails to reclaim its position above channel support, a downtrend could begin for a larger correction towards the price target of 34000-39000 USD.

After a week marked by the enthusiasm surrounding the approval of the ETF, BTC experienced a rise, breaking the upper limit of the trading range (which was around 45,500 USD), reaching the top of almost 49,000. The price suffered strong rejection in this region , marked by rapid profit taking and an abrupt drop to the 41500 region.
This increase in volatility was expected, which is why the market has been showing on all recent occasions that BTC has experienced a rapid upward movement.
However, the recent abrupt drop marked a lower point on the daily chart in relation to the previous drop, something that signals a possible slowdown in the uptrend.
The short-term bullish trend has been invalidated. It was marked by the green line at its lower end.
Nonetheless:
BTC remains within the trading range, which means that the greatest probability, at the current moment, is that prices will continue to be traded within the limits of the lateral channel delineated by the yellow lines.
The general market trend is upward, however with the recent correction, upward in the medium term. The short term has become uncertain.
Moderation in positions and risk taking is advisable in the current circumstance.