#DCAExperiment #OP $OP @Optimism Hey guys. Optimism has returned to the downtrend breakout zone, potentially forming a W pattern. I buy up $70 as part of DCA portfolio, price averaging, to 1.54 as the last buy was at 1.7.
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Hey, guys. we're on the cusp of the U.S. election results. On the bitcoin chart you can see the previous election and the dynamics of the instrument after. As we can see bitcoin started a new growth cycle, no guarantees that this fractal will repeat again, but we can predict where the price will reach this time in the case of starting a new growth cycle can reach 200 thousand.
This is not a financial recommendation.
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Hey guys. This is a weekly Bitcoin review. In the last update, the price was trading in the 68K zone and I said that it makes sense to leave part of the position for a breakout to 75K if you have a position and if not, you can trade a local deal when exiting the consolidation. The setup for breaking through the local consolidation was realized and printed about 6% of the movement. I also warned that the crypto market would follow the stock market, which was strongly influenced by the G7 report and macro data. Stock indices began to correct and on Friday the market did not like the weak report on the labor market. All this could not but affect Bitcoin, which closed the week with an unpleasant pin bar. This week there are elections in the US and on Friday, in addition, the Fed's decision on the interest rate. It is generally accepted that in the event of Trump's victory, there will be a more positive scenario for cryptocurrencies and Bitcoin. But nobody really knows how the market will react, and giving any scenarios is like tossing coins. At the moment, the price has returned to the trading zone again. We can see another throw up, but some impulse volume is needed (possibly elections), because now it looks like the price can go even lower. And the key support of 65K should not be broken through, since this will absorb the last wave of growth and break the trend. Open interest has decreased, which indicates a partial exit from shorts. The zones most saturated with liquidations and in case of a breakthrough of which the movement can accelerate are 70.5K and 66.5K.
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Hey, guys. I warned that there is no point in buying from a trading point of view at 72K and that there is no need to give in to FOMO. And also we have highlighted the liquidation zones of 75 and 70K which are likely to be taken out. At the moment price is testing 70K support and a reversal could potentially form in this zone, but there is no confirmation of this yet. I will be watching closely for a price return above 70.5K or some additional pin bars, which can be used to enter Long with the potential to move to the 75K area, as the instrument can make another leg of growth very easily, but I don't want to just buy now with a stop below 65K.
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Kirill Gaitan l PROFIT_PILOT
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Hey, guys. Earlier in the week we took a look at the bitcoin situation. And we said that we can trade a local deal on the price exit from consolidation. The setup was successfully realized and printed +6.5% move. The medium-term flag pattern I've been talking about has also practically worked out at 22% with a potential of 25%, and there is no sense to buy at current prices from the trading and R/R point of view, as the potential remains about 3% and the stop is more or less reliable below 65K, which is about 10%. Can the price go higher of course yes, but this is already Buy and hodl strategy or DCA model, about which we also regularly make purchases once a week. Be smart and don't succumb to FOMO.
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Hey, guys. #MKR after the failed rebranding to #SKY , very heavily oversold. It is in 0.786 Fibo zone and could potentially bounce to 1800 and 2300 zone with R/R 1 to 3, for confirmation I would like to see a retracement under 1500 and W pattern formation. Cancel scenario below $1000.
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#BTC #liquidationmap $BTC Shorts are burning, I think the price can go to 75K as you can see from the liquidation map in this zone is a fat bun of liquidations, for longs respectively 70K for some time the price can saw this range.
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Hey, guys. Earlier in the week we took a look at the bitcoin situation. And we said that we can trade a local deal on the price exit from consolidation. The setup was successfully realized and printed +6.5% move. The medium-term flag pattern I've been talking about has also practically worked out at 22% with a potential of 25%, and there is no sense to buy at current prices from the trading and R/R point of view, as the potential remains about 3% and the stop is more or less reliable below 65K, which is about 10%. Can the price go higher of course yes, but this is already Buy and hodl strategy or DCA model, about which we also regularly make purchases once a week. Be smart and don't succumb to FOMO.
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Hey, guys. The liquidity that has been channeled into bitcoin in recent weeks has put a pause on the growth of ethereum and many altcoins. Bitcoin's dominance has reached 60% for the first time since 21 years. We may see some of this liquidity redirected into altcoins. With the help of these metrics you can monitor the situation yourself, the arrows show a positive scenario for growth.
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Hey guys. This is a weekly review of bitcoin. In the last update the price was in the 68K zone and I was talking about possible corrections to supports and highlighted an important zone that should not be broken down to 65K, this zone was tested and on the weekend the instrument started to buy back again. Let me remind you that it is possible to work out a medium-term flag pattern with targets around 75K, so it makes sense to hold part of the position in case it is worked out. At the moment we can consider local trades for breakout and exit from the local consolidation, and I think that this week we will see strong volatility in this zone. The great seven companies are reporting this week and the dynamics of bitcoin and all crypto will depend on it. 29.10- google 30.10-microsoft, meta 31.10-apple, amazon. In addition, there will be a lot of macro data coming out this week that will add to the volatility of the stock market. Also next weekend will be the US elections, and under this global event you need to be careful about risk and what you do in the market. In general, we are entering an interesting period and in such a situation it is best to trade local deals with down-to-earth targets. If this was useful, subscribe so you don't miss anything and give us a reaction 👍
Hey guys. Ethereum is back in the sideways again. Having broken the local trend for growth, the price is testing an important zone of 2450-2500$, if we see a breakdown, it will be a move to 2300-2200$. But on the ETF market though there are sales, as it can be seen from the table only Grayscale sells out, other funds buy. Onchain also shows the continuation of outflow from the exchange. It reminds me of shaking out weak hands from the market.
We buy ETH within the DCA experiment for 70$.
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Hey guys. A hearing is expected today in the case between Ripple and the SEC to consider the SEC's arguments for levying a fine of up to $2 billion. The Commission insists that Ripple violated securities laws and is seeking an injunction against the company's operations as well as damages to investors. In turn, Ripple disputes these demands and considers them unreasonable. The outcome of the meeting may have a significant impact on the further development of the case and the value of the XRP token. If the decision will be negative, the price of the instrument may test the zone of 0.44$, if the court decision or interim decisions will be positive, in this case the price may return to the zone of 0.6-0.65$.
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Hey guys. Bitcoin has drawn a V reversal. Of course, it may go lower and take the low off, but in general it is going according to the plan forming a sideways trend with a potential return to the 70K area.
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Hey, guys. Yesterday I warned about a potential correction, the scenario worked out and the price dropped by 2.5%. I think the instrument may go lower and correct to the 0.5-0.618 Fibo zone, which is the 65-65K zone. This week a lot will depend on the Wall street reports, if the reports of large companies will be released according to the consensus forecast, there is a possibility that the market will be bought back, and at the same time bitcoin.
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Hey guys. Many altcoins have corrected, you can look for localized setups on this drop and one of them is GTC shitcoin. Large volume has entered the instrument, plus the price is testing the upper boundary of consolidation. Low liquidity = higher risk. Cancel scenario below 0.6.
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Hey, guys. Yesterday I warned about a potential correction, the scenario worked out and the price dropped by 2.5%. I think the instrument may go lower and correct to the 0.5-0.618 Fibo zone, which is the 65-65K zone. This week a lot will depend on the Wall street reports, if the reports of large companies will be released according to the consensus forecast, there is a possibility that the market will be bought back, and at the same time bitcoin.
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Kirill Gaitan l PROFIT_PILOT
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Hey guys. This is a weekly #bitcoin review. In the last update the yen was trading around 64K and I said that there could be corrections to local supports, but there could be another wave of growth to the 67K area. The instrument continued to grow without corrections and worked out a local flag pattern trading in the 69K area. At the moment the price is trading in the zone of July high, where there may be formation of sideways movement or some correction, the local support that should not be broken down is 65K. A trading setup that can be traded if the price after the correction returns to the zone of 69-70K we can look for local deals. But objectively there is nothing interesting at the moment. The price has grown after the rally by 15% and I will not say that it is necessary to buy from current levels, but it is nonsense to sell on the growing trend. Therefore, those who are in a position probably makes sense to take some money from the table, but leave some for possible continuation of growth, and those who are out of position wait for a better moment. Can the price go higher? Yes it can, because we are in a strong season for cryptocurrencies, and we have a medium-term flag pattern in our face. Let me remind you that we have two important events ahead of us, the expected rate cut on November 7 and the US election on November 5, no one can predict how assets will react. Macro data that may lead to volatility this week 24.10 - PMI and unemployment data.
$BTC #BTC
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Hey guys. This is a weekly #bitcoin review. In the last update the yen was trading around 64K and I said that there could be corrections to local supports, but there could be another wave of growth to the 67K area. The instrument continued to grow without corrections and worked out a local flag pattern trading in the 69K area. At the moment the price is trading in the zone of July high, where there may be formation of sideways movement or some correction, the local support that should not be broken down is 65K. A trading setup that can be traded if the price after the correction returns to the zone of 69-70K we can look for local deals. But objectively there is nothing interesting at the moment. The price has grown after the rally by 15% and I will not say that it is necessary to buy from current levels, but it is nonsense to sell on the growing trend. Therefore, those who are in a position probably makes sense to take some money from the table, but leave some for possible continuation of growth, and those who are out of position wait for a better moment. Can the price go higher? Yes it can, because we are in a strong season for cryptocurrencies, and we have a medium-term flag pattern in our face. Let me remind you that we have two important events ahead of us, the expected rate cut on November 7 and the US election on November 5, no one can predict how assets will react. Macro data that may lead to volatility this week 24.10 - PMI and unemployment data.
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Kirill Gaitan l PROFIT_PILOT
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Hey guys. This is a weekly review of #bitcoin At the beginning of last week the price was trading around 63K and I was saying that buying into resistance is a bad idea and can only be done after breaking 64K, I also warned that the price might go below 60K to test stop liquidity. What was done, the price at the moment went below 59K managed to trade a local short, and after the price came back above 60.5K opened a local long, which made updates. But this is all intraday trading and does not affect the medium term trend. I warned in previous reviews that there is a high probability that the price will be in the range of 60-66K for some time and form the so-called “comb” or sideways. At the moment, the price has again approached the resistance, where there is a partial unloading of long positions, which shows the cluster analysis and open interest, and technical indicators show overbought, so there may be local corrections. But I do not exclude that the price can be thrown even higher, making another wave of growth to the 67 K zone. But I have unloaded some of the local Long in this zone, as the r/r ratio is no longer attractive enough to continue to sit with full risk. The strong local support that should not be broken is 61.5K. Therefore, at the moment I continue to work from purchases, reducing the position as it grows.
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@Uniswap Protocol has unveiled its own L2 network called #unichain , where $UNI tokens will be used for steaking. Owners of #UNI will be able to participate in the revenue sharing generated by the network. Adding #UNI tokens to the experimental DCA portfolio for $70.
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Kirill Gaitan l PROFIT_PILOT
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Hey, guys. #Optimism broke the downtrend, $1.5 support looks good. Price is above the 50,100 EMA. There is a W pattern on the weekly chart.Meanwhile #OP is in the top 10 largest L2 networks according to TVL. L2 nets look oversold and have a good r/r. I am buying $OP for $70 as part of the DCA experiment.
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Hey, guys. #Litecoin is working on a growth scenario. It looks good to continue if it breaks $75. #LTC @Litecoin $LTC
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Kirill Gaitan l PROFIT_PILOT
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Hey, guys. #LTC has been injected with a lot of volume. Price absorbed the bearish candles. Looks good for a rise into the $80-85 zone. Cancel scenario below $62. $LTC @Litecoin
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Hey guys I made a selection of metrics that are available on TV and that everyone can follow, or at least look at once a week. Arrows are a bullish scenario, if you see the movement going in the opposite direction, it will be a deflating market. Another option is if we go sideways, then selective growth alts, a common scenario in a weak market.
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