Trading Crypto Guide ™
#ETH still moving sideways and sharply rejected from the top range resistance zone. Nothing much happening, have to see a breakout but as per current price action, we can expect a bounce back from here.
#ETH slowly dropped and formed a symmetrical triangle pattern, over the supporting trendline. Market is now at a decisional point, and confusing too. Price Action is not much clear, but overall, its on a bullish market conditions, so we can expect strong breakout of the resistance by next week or next month.
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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, gave a strong push upside and now rejecting. This week Price Action is developed by news only. Let's see how the candle closes and next week might push though.
#BTC gave a weekly closing in very indecisive like a Doji candlestick. Now as soon as fresh candle opens, the price dips strongly, wiping out Higher leverage traders. Price drops dips to the support and now rejecting too, hoping for a quick recovery if any further news came out.
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#US30 UPDATE : #US30 had a very good and decent buy move with our call around 1.48% move captured. Price holding the supporting trendline / channel pattern too. 45730 area is a clear support area for buys / scale-in, take this setup with low risk.
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#BTC gave a weekly closing in very indecisive like a Doji candlestick. Now as soon as fresh candle opens, the price dips strongly, wiping out Higher leverage traders. Price drops dips to the support and now rejecting too, hoping for a quick recovery if any…
#BTC gave a shallow break below of the support zone, and forming a small channel pattern. But in Daily TF, its a clean rejection, and hopefully we can see some sort of reversal form here now.
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#GOLD UPDATE : #GOLD driving new higher high and gave a breakout after the small consolidation. Price can still move higher, a retracement happen and buys can be taken along with that targeting the new Higher High / All Time High.
Relative Unrealized Loss at just 0.5% with #BTC near $111K vs deep bear phases (>30%) 📊💪. Recent drawdowns frustrated short-term holders but broader market pain far from historical extremes ⚡️🎯👀
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#BTC gave a shallow break below of the support zone, and forming a small channel pattern. But in Daily TF, its a clean rejection, and hopefully we can see some sort of reversal form here now.
#BTC is now pumping hard, after giving the H4 break of the support and in Daily TF its again a rejection. We need to see a closing over $113,000 mark, which will indicate the early sign of bullishness / reversal.
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#BTC.D UPDATE : #BTC.D dropped and now retraced back inside the range, but #BTC is rising and altcoins are remaining nearly at the same area. Once the Dominance starts falling we can expect short-term rally.
What is #aSOPR (adjusted SOPR) ?
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
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Here's the Analysis of #LTC :
#LTC caught up in a consolidation and rejected hard from the major resistance of $132 - $135. Within the range its forming a Head & Shoulder Pattern and now on a key support zone of $104 - $106. If we form a reversal candlestick then we can go a mid-risk longs here and short only after Daily candle give break and close below.
#LTC caught up in a consolidation and rejected hard from the major resistance of $132 - $135. Within the range its forming a Head & Shoulder Pattern and now on a key support zone of $104 - $106. If we form a reversal candlestick then we can go a mid-risk longs here and short only after Daily candle give break and close below.
Trading Crypto Guide ™
#BTC is now pumping hard, after giving the H4 break of the support and in Daily TF its again a rejection. We need to see a closing over $113,000 mark, which will indicate the early sign of bullishness / reversal.
#BTC gave a very minor closing over the $113,000 mark and also rejected the support zone too. Price looks bearish at the moment and indecisive too. We need to see some sort of breaks either side (support or 113,000 as resistance)