👋 Welcome to TradeCity Pro!
Let’s move on to Bitcoin analysis, today the market finally has momentum!
⌛️ 1-Hour Timeframe
Yesterday, Bitcoin finally broke out of its range box.
✔️ As I mentioned before, 77,369 wasn’t a good short trigger, and it was better to wait for a setup with a tighter stop-loss.
📊 Price ended up breaking this level with a strong impulsive (whale) candle, which made it hard to catch that move. But today, since some bearish momentum has entered the market, we can look for short positions in line with the momentum.
🔔 Right now, price is dealing with the 76,608 area, and if this level breaks — as long as selling volume doesn’t decrease — it can act as a solid short trigger.
✨ The 7 and 25 moving averages have both turned downward. A pullback to these averages can also offer a short entry using candle setups, but this is a riskier trigger, since momentum is not very strong yet and there’s still a chance of a fake move.
⚖️ If this bearish move gets faked and price stabilizes back above 77,369, we can take it as the first confirmation of a bullish shift, and then look for long positions with bullish momentum.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Let’s move on to Bitcoin analysis, today the market finally has momentum!
⌛️ 1-Hour Timeframe
Yesterday, Bitcoin finally broke out of its range box.
✔️ As I mentioned before, 77,369 wasn’t a good short trigger, and it was better to wait for a setup with a tighter stop-loss.
📊 Price ended up breaking this level with a strong impulsive (whale) candle, which made it hard to catch that move. But today, since some bearish momentum has entered the market, we can look for short positions in line with the momentum.
🔔 Right now, price is dealing with the 76,608 area, and if this level breaks — as long as selling volume doesn’t decrease — it can act as a solid short trigger.
✨ The 7 and 25 moving averages have both turned downward. A pullback to these averages can also offer a short entry using candle setups, but this is a riskier trigger, since momentum is not very strong yet and there’s still a chance of a fake move.
⚖️ If this bearish move gets faked and price stabilizes back above 77,369, we can take it as the first confirmation of a bullish shift, and then look for long positions with bullish momentum.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.