A rebound from the level of 24800 without removing liquidity hints at a possible continuation of the decline to the area of + - 20k. At the moment I don’t see any interesting entries for myself.
1) I will consider shorts in case of a breakdown of 24800.
2) In case of trading in the range of 25 - 28k. I will look for short entries from the upper limit of the range.
🔹 15 days in the sideways and the first signs of revival on the alts.
🔹 On many alts, unconfirmed reversal formations are drawn. Return to the red block, above 578 - 580 billion. Additional confirmation of sentiment on alts.
🔹 Many alts have broken through their key levels. In my opinion, if growth does take place, not all alts will be able to show good results.
🔹 There is revival in the crypto market. The cue ball is trying to get out of the triangle. Yesterday's review is still relevant. Closing the day above 27300 opens up the opportunity to trade long with targets at 27600 / 27900 / 28000 / 28300 / 28500.
🔹The breaking point of the trend for the cue ball is 30k. The technical trend is downward, respectively, the current growth is a correction and all longs are a countertrend. #bitcoin
✔️ Reduced dominance on the decline of the cue ball. BTC did not receive an impulse breakdown of support by tens of percent, as we are used to seeing. Some alts have not updated their minimums at all with the cue ball: #SOL / LTC / #DOT / #ADA Some: KAVA / #ATOM have turned around and are trying to grow.
✔️ Interesting situation. Despite short expectations for the cue ball and a local decline, we can eventually get local growth for some alts at moments of corrective growth in BTC.
BTC/USDT | Changing the trend. Goals. Review 05/12/23
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🔹 On cue, the long-awaited change in trend and the first stop on the moving ones from the large TFs. Technically, any rebound can be considered to search for TVH in the short.
🔹 Still, given the still corrective expectations from the current decline, we are not talking about any long-term shorts. For clarity, I used a parallel channel, which fits perfectly into the current situation. New extremes have not yet been formed, the point of trend change for the daily TF 29800.
🔹 On the opposite side of the airwaves there is a significant increase in exchange inflow and a sharper increase in exchange supply (blue) after the Shanghai update.
🔹 For the majority of alts I observe, the situation is even worse. A strong increase in exchange supply. In general, it looks like panic, but MM holds key levels, does not allow shorting globally, slowly distributing coins to new holders.
🔹 Previously, I collected a portfolio on spot, then broke even and closed the position due to the weakness of the coin. Wrote earlier.
🔹 As we can see, the distribution is over. The support block and the round level of $10 has been broken. Exclusively according to the figure, the target is to reduce the area to $5. If according to the waves and proportions the area is $6.7. Below, down to the $5 level, there is emptiness. Somehow the violas started raining down epically, and the cue ball hadn’t even started yet.
🔹 Bitcoin sentiment is not particularly informative, but stock exchange inputs have decreased significantly. It is impossible to draw a clear conclusion, but fewer cue balls on exchanges = less selling pressure. On the other hand, the decrease in inputs did not greatly affect the supply on the exchanges (blue). Supply has been growing since the end of March. We are watching! #btc #bitcoin
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📈 BTC dominance - 1H candles.
🔹 Everyone is worried about alts. Let's start with them.
🔹 Previously, they expected a decrease in dominance in the area by at least 45%, which would be a signal for the growth of alts. That did not happen. As we see, the market is head over heels in alts, and large wallets are pouring their savings into the market at the slightest rebound. I’m generally silent about sentiment. On some days the sentiment bot sends 20 - 30 messages about exchange entries of alts, and this is only a small part of the alts from the watchlist.
❗️ Happy spring and labor holiday! Happy new month!
🔹 Today is a day off in many countries of Asia and Europe, but a working day in America. There is a lot of economic news planned for this week. They will carry it out in all directions!
🔹 Starting the work week. I'm preparing a review of the cue ball and violas.
❗️ Have a profitable and productive week everyone!
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🔹 50 Masha power! Let's say thank you to the short sellers for the growth and post a review of the cue ball!!! To understand what I mean, read the latest review from 04/24/23. in the article feed!
🔹 Manipulations are in full swing. 17 short, 18 long, weekly absorption of everyone into short. As a result, growth 😂
🔹 TOTAL2 - capitalization of alts. The perfect tool for understanding the trend in viola!
🔹 Previously, they traded at 620 billion. Alts did not grow. 13th The level was broken and the alts began to rise. The new trading range is 620 - 700 billion (interim goal 675). From the current ones, we ideally touched the level of 620 billion as part of the retest. It’s too early to draw conclusions, but the technical level is relevant for searching for TVX in alts. I will expect a more clear formation of a reversal or a further decline by total2 to open positions on alts. #btc #bitcoin
🔹 Here is the result! We did not get closures above 30550 - 30600. It was dangerous to go long, but there was no reason to go short on older TFs, given the absorption on the daily candle!
✔️ #BTC dominance is currently not in favor of alts. After the decline, the trend stopped. Expectations: consolidation above the level of 46.77 with a subsequent movement to the 45% area. If it draws a GUI, the target for the figure is the same 45%
🚀 Spot / Futures signals via the link in the profile header! #btcclub
🔹 Locally, we’ve almost reached the nearest support. Review 👇👇👇
🚀 Spot / Futures signals via the link in the profile header! #btcclub
LIVE
WS_Bull
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BTC/USDT | Trading scheme for the coming days!
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✅ 1) RESULTS FROM THE LATEST REVIEW:
🚀 Despite the negative sentiment, growth and removal of shortlists were expected. Up to +9% profit without leverage if you took advantage of the latest reviews on BTC.
🔹 The growth of the cue ball to 30.4k is higher than the expectations of many, especially those who like to short without confirmation. Previously I considered growth in a wedge. As you can see, the picture is broken. I used an ascending channel that fits perfectly into the current situation. #BTC #BITCOIN