Bitcoin has been struggling to surpass the resistance area, and it has been rejected from there once again. Meanwhile, altcoins are hitting hard because the spot BTC ETF decision is on 10th January and we may see high volatility in Bitcoin the same day. Keep tight stop loss in open positions.
Читать полностью…The TOTAL2 (altcoin marketcap) could not sustain its position above the resistance area and was rejected from there. As a result, the price has dropped down to the support area. Fortunately, it holds the support level, which is a good sign. We may witness a period of horizontal trading between the support and resistance levels.
Читать полностью…Bitcoin attempted to break through the resistance area but failed and was dumped. Altcoins are also experiencing a sharp drop, indicating that traders are moving towards BTC. We may see quick movements in either direction in the coming days.
Читать полностью…Educational Post
What is Swing trading?
Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out. Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.
Bitcoin dumped hard and took the liquidity. Price dumped because there are rumours that the SEC will postpone the spot ETF decision. Price is again heading towards the resistance area. Keep tight stop loss in all open trades.
Читать полностью…TWT analysis:
Price is currently trading at a resistance area. A break above this level would push the price towards the next resistance area. If the price is rejected here, we anticipate a move towards the support area.
Support Area: $0.95-$1.00
Resistance Area: $1.46-$1.48
Bitcoin has broken through the resistance area as traders anticipate the approval of a spot ETF. The Securities and Exchange Commission (SEC) is expected to make a decision on the spot ETF by tomorrow evening. If the ETF is postponed again, we may see a quick sell-off in the market, so it is advisable to use tight stop losses in all trades.
Читать полностью…ICP has risen sharply towards the $15 resistance level as we anticipated after the recent retest. Our long positions have reached a peak profit of 68% since our entry. It is recommended to book some profit at this point and keep the rest with a trailing stop loss. We may see another test of the $15 resistance level. It's advisable not to open any new long positions at this moment.
Читать полностью…Bitcoin is currently struggling to maintain its trendline with little strength. As we begin the new year, it will be interesting to observe how the crypto market behaves. We may see an increase in trading volume starting tomorrow as traders return from their holiday break. If you have open long positions, it is strongly recommended to use a tight stop loss.
Читать полностью…Educational Post
What is Day trading?
Day trading might be the most well-known active trading strategy. It’s a common misconception to think that all active traders are by definition day traders, but that isn’t true.
Day trading involves entering and exiting positions on the same day. As such, day traders aim to capitalize on intraday price movements, i.e., price moves that happen within one trading day.
The term “day trading” stems from the traditional markets, where trading is open only during specific hours of the day. So, in those markets, day traders never stay in positions overnight, when trading is halted.
Most digital currency trading platforms are open 24 hours a day, 365 days a year. So, day trading is used in a slightly different context when it comes to the crypto markets. It typically refers to a short-term trading style, where traders enter and exit positions in a timespan of 24 hours or less.
Day traders will typically use price action and technical analysis to formulate trade ideas. Besides, they may employ many other techniques to find inefficiencies in the market.
Day trading cryptocurrency can be highly profitable for some, but it’s often quite stressful, demanding, and may involve high risk. As such, day trading is recommended for more advanced traders.
MASK analysis:
Price is currently trading within a range bounded by a support and a resistance level. Consider opening a small long position if the price approaches the support level with a tight stop loss. A breakout above the resistance area will likely lead to a significant upward movement.
Support Area: $3.23-$3.37
Resistance Area: $4.00-$4.15
BNB has been rejected from the resistance area. As a result, we recommend booking some profits. If the price approaches the support area, you can consider opening new long positions. The support and resistance levels remain unchanged.
Читать полностью…LDO analysis:
Price tested the resistance and rejected from there. We may see a test of the support area and see how the price reacts there. Don't open long positions now and wait for some time for better opportunities.
Support Area: $2.18-$2.30
Resistance Area: $2.80-$3.10
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Читать полностью…MINA analysis:
The price broke the support area and now trading below the support area. We may see a test of the lower support area and swing between the support and resistance levels.
Support Area: $0.98-$1.00
Resistance Area: $1.16-$1.23
Bitcoin is currently trading sideways, with the price hovering near a key resistance area. It is important to be prepared for a potentially significant move in either direction. The critical levels to watch are $40,000 and $45,000, and it is recommended to maintain tight stop-losses on all open positions.
Читать полностью…ONE analysis:
The price has recently broken below a support area, but it is now attempting to reclaim it. If the daily candle closes below the support level, it may indicate further drops in the market. It is advisable to avoid opening any long positions at this time and wait for some time instead.
Support Area: $0.0183-$0.0188
ETH is unable to break above the $2500 level. Price drops from there and goes below the support level to hunt stop losses. The good thing is that the price does not give a candle close below the uptrend line. A candle close below the uptrend line is bearish and dumps the price again towards the support level.
Читать полностью…MAGIC again bounced from the support area. Hoping you have opened long positions again. The long position is in more than 18% profit. Our analysis team's setup has given us two times the profit. This is the power of our analysis team. Increase your stop loss and hold the long position with tight stop loss. Pin our channel on top to never miss a signal.
Читать полностью…The TOTAL2 (altcoin marketcap) is now breaking out the resistance area. A break and close above this level is bullish for altcoins. We may see a move toward the next resistance area.
Next Resistance Area: $920-$960 Billion
UNI analysis:
Currently, the price is attempting to break and maintain a hold above the resistance area. If the price manages to stay above this resistance level, then we can expect a significant upward trend towards the $9.50-$10 resistance level. A rejection from here will send the price back to the support area. Wait for some time to open new positions.
ETC upward movement continues, and the long position has generated over 28% profit. It may be advisable to book partial profit at this point and hold onto the remainder with a tight stop loss. The major resistance lies at the $25 level, and the price will need to break through this level to sustain the rally.
Читать полностью…DUSK Analysis :
DUSK rejected strongly from the Major Resistance $0.211 - $0.216 and hovering over the Strong Support Area of $0.182 - $0.185. Price formed the trading range and a clean tradable range, to take the trading setups buys towards the resistance zone of $0.211.
Bitcoin is currently attempting to regain the trendline level, but it's facing some difficulties. We need to wait and observe whether the price can maintain itself above the trendline with good volume. As expected, there hasn't been much movement in the market. However, we might witness some volatility from Tuesday or Wednesday onwards.
Читать полностью…MAGIC has followed its anticipated movement and was unable to penetrate the resistance area. The long position achieved a profit peak of approximately 25%. Currently, the price has returned to the support area, which means that you can once again open long positions. However, it is recommended to set a tight stop loss.
Support Area: $1.00-$1.06
Resistance Area: $1.24-$1.30
Bitcoin has broken the symmetric triangle and is now attempting to reclaim these levels. If the price fails to go above the trendline, we may see a move towards the $40,000 level. It is advisable to keep a tight stop loss in all open positions.
Читать полностью…Bitcoin drops during the bull runs. Bitcoin is behaving more stable and mature in the current rally. This is because of the increased information and knowledge about the crypto market.
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BNB analysis:
BNB breaks the resistance area and retests it. Price pumped hard after the retest and now reached near the next major resistance area. Let's see how the price reacts to the resistance area. You can book some profit at the resistance area.
Support Area: $250-$270
Major Resistance Area: $330-$345