Crypto Classics (VIP)
As soon as the price approaches it, you need to look very closely at the behavior of the price. If there is a sharp and strong breakthrough downward, then this is the opening of a short position. The system is reverse. This means if the price suddenly goes above $ 9,800, then it is worth closing the short position and opening a long one. The sense of this approach is that we rely on a strong movement in any direction. A short stop gives us the opportunity to lose very little, and there is at the same time a good potential for a further strong movement. Turning points will be given on the chart. In the meantime, it is worth waiting. Often the best entry points are made by the most patient.
✅ Altcoins: As we expected after the slightest drop in Bitcoin, altcoins fell with double force. Some of them showed a drop by 50%. The fastest could take advantage of this, but we do not recommend trading them yet. We are sure that altcoins will still show good entry points for buy. In the meantime, let us wait.
Bitcoin's domination is growing steadily and has already reached the mark of 66.7%. This suggests that Bitcoin is still the most attractive asset, and there is a fairly strong redistribution of capital.
@
As soon as the price approaches it, you need to look very closely at the behavior of the price. If there is a sharp and strong breakthrough downward, then this is the opening of a short position. The system is reverse. This means if the price suddenly goes above $ 9,800, then it is worth closing the short position and opening a long one. The sense of this approach is that we rely on a strong movement in any direction. A short stop gives us the opportunity to lose very little, and there is at the same time a good potential for a further strong movement. Turning points will be given on the chart. In the meantime, it is worth waiting. Often the best entry points are made by the most patient.
✅ Altcoins: As we expected after the slightest drop in Bitcoin, altcoins fell with double force. Some of them showed a drop by 50%. The fastest could take advantage of this, but we do not recommend trading them yet. We are sure that altcoins will still show good entry points for buy. In the meantime, let us wait.
Bitcoin's domination is growing steadily and has already reached the mark of 66.7%. This suggests that Bitcoin is still the most attractive asset, and there is a fairly strong redistribution of capital.
@
Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.
@
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.
@
Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.
@
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.
@
Crypto Classics (VIP)
from Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.
@
from Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.
@
Crypto Classics (VIP)
from Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.
from Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.
Crypto Classics (VIP)
from Crypto Classics
🔔 Exchange: Binance 🔔
#BTC/USDT
Signal Type: long term
Trade Type trade: long position
Range open trade: 10 000 - 10 200
Ammount: 30% from deposit
Target:
1) 10 600
2) 11 200
Stop area: below 9 800
from Crypto Classics
🔔 Exchange: Binance 🔔
#BTC/USDT
Signal Type: long term
Trade Type trade: long position
Range open trade: 10 000 - 10 200
Ammount: 30% from deposit
Target:
1) 10 600
2) 11 200
Stop area: below 9 800
Crypto Classics (VIP)
Since the first target was reached, the price has been trading in the range of 9,800 - 10,300 dollars. There is a retest of support levels. It is important to keep the stop below $ 9,800 since this is a reversal zone and if it breaks through, you can open a reverse short position.
Since the first target was reached, the price has been trading in the range of 9,800 - 10,300 dollars. There is a retest of support levels. It is important to keep the stop below $ 9,800 since this is a reversal zone and if it breaks through, you can open a reverse short position.