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JUST IN: 🇹🇭Thai SEC proposes new rules allowing mutual funds and private funds to invest in digital assets.
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Binance Futures, Bitget Futures, KuCoin Futures
#FIL/USDT Take-Profit target 1 ✅
Profit: 113.1977% 📈
Period: 17 Minutes ⏰
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💰 BlackRock states that Bitcoin and crypto adoption is accelerating faster than that of the Internet and mobile phones.
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Chinese Stocks surged by 5.93% while Hong Kong Stocks collapsed by 9.41%, the largest single-day divergence in history.
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#usefulmaterial
A symmetrical triangle is a situation on a chart where the tops of the price are lower and the bottoms are higher. Besides, two sides of the triangle are inclined at the same angle. This figure continues the previous trend. The appearance of a symmetrical triangle on the chart means that the volatility on the market has been decreasing for a certain period of time, so a burst of volatility is bound to happen soon.
Detailed description of the "symmetrical triangle" pattern
-A previous trend is necessary before an isosceles triangle, so that there is something to continue.
-Minimum of 4 touch points: 2 touching the ascending support line and 2 touching the descending resistance line. The more touch points, the more reliable the pattern.
-Trading volume should decrease as the pattern is formed.
-Despite the fact that the symmetrical triangle is a figure of trend continuation, it happens that there is a breakout in the opposite direction of the trend. To be sure of this figure, we recommend waiting for a retest of the upper or lower boundary of the triangle.
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🟢 Demand for BTC from spot ETFs in the US is on the rise
They went from net sales of 5K BTC on Sept. 2 to buying 7K BTC by the end of September - the highest since July 21.
Spot ETFs bought nearly 9K BTC daily in the first quarter of 2024, driving prices to new highs. If this trend continues, prices could rise even further in the fourth quarter of 2024.
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New Whale's BTC balance sheet is growing faster than ever before
don't look at what rich people say - look at what they actually do
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BREAKING: 🇨🇳China's stock market skyrockets another +8.2% today as widespread economic stimulus continues.
China's stock market is now up 34% in 3 weeks.
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#usefulmaterial
Rounded top.
A rounded top is a trend reversal pattern that can be used to determine the end of a trend.
The rounded top looks like an inverted letter ''U'', that is why it is sometimes called ''inverted saucer'' in technical analysis books. This figure signals the reversal of an uptrend and the possible beginning of a downtrend. This means that a rounded top may indicate the possibility of opening a short position.
In the above chart, what the rounded top pattern looks like:
1 Uptrend;
2 Rounded top;
3 Neck line.
For this pattern to form, price must first rise sharply and then move horizontally for some time, forming a rounded top. Eventually, the price falls below the neckline.
How to trade on the figure of rounded top:
You should open trades using this figure at the base of the neck line. As soon as the price breaks through the neckline and the candle closes behind it, you can enter a "Short" trade. Or my team and I recommend to wait for the retest of the broken level. That gives a higher probability of closing the deal on take profit. Stop loss is always placed behind the level.
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PAIR ⚪️FIL /USDT
📊SHORT
Leverage (CROSS) 50x-75x
✅Entry Targets:
💡 3.602
💡3.70
✅Take Profits:
1️⃣ 3.55
2️⃣ 3.20
🟢 3.00
❌STOP LOSS: 3.80
BREAKING: 🇺🇸US Gov says bitfinex may be the sole victim eligible for restitution from the 2016 hack.
No other individuals qualify under the CVRA or MVRA for claims to the seized Bitcoin, per court docs. Bitfinex is labeled as the "Victim Virtual Currency Exchange."
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JUST IN: 🇭🇺
Hungary blocks a $50 billion G7 loan to Ukraine until after the US presidential election.
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PAIR ⚪️SAGA /USDT
📊SHORT
Leverage (CROSS) 50x-75x
✅Entry Targets:
💡 2.742
💡2.79
✅Take Profits:
1️⃣ 2.66
2️⃣ 2.60
🟢 2.50
❌STOP LOSS: 2.91
📱 Telegram-based game Notcoin and the memecoin project Dogs Community announced they will collectively burn $4 million of NOT and DOGS tokens.
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Binance Futures
#NEIRO/USDT Take-Profit target 2 ✅
Profit: 148.5748% 📈
Period: 1 Hours 21 Minutes ⏰
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Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SUPER/USDT Take-Profit target 3 ✅
Profit:161.3739% 📈
Period: 2 Hours 18 Minutes ⏰
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Binance Futures, Bitget Futures, KuCoin Futures, OKX Futures
#POPCAT/USDT All take-profit targets achieved 😎
Profit: 1000.5% 📈
Period: 8 Hours 13 Minutes ⏰
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JUST IN: Famous Solana💰 Wallet Phantom has introduced beta support for BASE Network.
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