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Ben Walther
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That looks tough! Bearish trading signals all over the place on the 1H chart. Hope it don't get bloody.
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Ben Walther
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Who's ready for some bullish action? On average, July has been an excellent month for $BTC and the crypto market. Since 2013, Bitcoin has gained an average of 7.3%. Moreover, BTC closed July positive in seven out of eleven years. So, let's do it again! #bullish #Bitcoin❗
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FLOKI Prints Bullish MACD Crossover On The Daily Chart — 15% Potential (minimum). Here are the details 👇 $FLOKI printed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is gaining some upward momentum. Additionally, many market participants use the MACD to time their entry. Backtest Details 🧐 On the daily chart, FLOKI has flashed the signal 11 times so far. FLOKI gained more than 2% in 10 out of 11 and more than 5% in 9 out of 11 signal occurences. However, the results for achieving more than 10% are slightly weaker (7 out of 11). What about the chart 📊 FLOKI has found a local bottom at 0.00016 and should reverse from here. The first resistance is 0.0002, followed by 0.0003. Potential & Approach 💰 The signal is calculated with a 15% profit potential, which is equal to the resistance at 0.0002. Therefore, a reasonable approach is to set a first take-profit target at the 0.0002 resistance and the second at 0.0003. -- Check out Crypto OS for more free data-backed trade strategies. Details in my profile.
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In case you prefer videos instead of reading, here's an extract from today's live session, in which I discuss the trade setup. Enjoy!
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BETA — Buy Signal on the Weekly Chart — 80% Potential 🚀 I posted a buy signal about BETA that flashed on the daily chart just yesterday. After yesterday's weekly candle close, things look even more promising. Here are the details 👇 $BETA printed a bullish MACD crossover on the weekly chart. Signals on the weekly chart are highly reliable regarding long-term trends. This means the signal's potential might not play immediately, but it is highly likely to realize its potential during the next few weeks. Backtest Details 🧐 The signal has solid backtest results. Based on 7 historical signals, TRB dipped over 5% after signals flashed in 72% of their occurrence. Other Technical Indicators 💹 As usual, the number of signals considered in the backtests on the weekly chart is limited. However, so far, every time BETA flashed a bullish MACD crossover on the daily chart, the price rose by more than 10% thereafter. What about the chart 📊 BETA had a huge pump of more than 100%, which catapulted the token back to its resistance at 0.09. Once this resistance breaks, the token can quickly rally towards 0.12. Potential & Approach 💰 The signal is calculated with an 80% profit potential (~0.16). Therefore, a reasonable approach is to set a first take-profit target at the 0.12 resistance and the second at 0.16. #beta #TradeSignal
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Going live in a couple of minutes! Today, discussing $BTC $ETH , overall market, and so much more. Tune In!
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