Trade idea based on supply and demand, intermarket analysis, COT positioning and cross market valuation. Following a structured approach with clear entry, risk management, and confluence factors.
Expecting massive downside shift on crypto majors. Primarily on BTC
XRP is known as the "PUMP and DUMP" alt for a reason. If you look at this chart from the macro timeframe, it clearly shows how XRP dumps hard after every parabolic increase - and this isn't even the entire price history.. https://www.tradingview.com/x/rbPLhlpK/ The lower highs and lower lows we currently observe are not helping its case, either. Pulling up the technical indicator in the weekly timeframe and we see a clear SELL - indicating that the price/trend has turned bearish. https://www.tradingview.com/x/6RzhRL6e/ And from what we know of XRP - it's likely that the price will drop ALL the way back to the lows, aka the beginning of the parabolic rally - possibly even further down. ______________________ BINANCE:XRPUSDT
ETH has been "crashing" lately but I think it is in the end state of a long rally. In fact I think we are in the last stage of Wyckoff distribution and we could see a major rally soon. Looking at the 300 SMA we bottomed there in June 22 and if we hold there, it could be the spring board for a massive rally to new highs. Also I think GLD will top in a week or so which will be good for BTC and ALTS. Not investment advice. Please like and share and leave a comment.
? Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market. ⌛️ 1-Hour Timeframe In the 1-hour timeframe, as you can see, yesterday the 83,808 trigger was activated, and the price moved down to the next support at 82,302. ⚡️ The 19.70 level in the RSI is a crucial area, as the price has reacted to this level in the last two bearish legs, leading to slight corrections. ✔️ Today, it might be a bit late to open new positions, as the price is slightly oversold, suggesting that the move has already extended sufficiently. ? This situation means we should enter positions with lower risk today. The short trigger for today is 82,302, and if this level breaks, the price could decline even further. ? For a long position, we need to wait for confirmation of a trend reversal. First, the SMA 25 must reach the price, and then a Dow Theory confirmation should establish a new bullish trend. ? BTC.D Analysis Now, let’s analyze Bitcoin dominance. As you can see, this index increased yesterday as the market dropped. It briefly faked out above 62.14 before reversing downward again. ? At the moment, 62.14 remains a key trigger for bullish dominance, while the main support level is 61.81. https://www.tradingview.com/x/oD1dhhxc/ ? Total2 Analysis Moving on to Total2, this index is in bad shape. It has broken its key support at 1.01 and is now moving toward 0.984. ? I can't provide any specific trigger for this chart today because it has dropped significantly without any corrections. For now, we need to wait for a new structure to form. https://www.tradingview.com/x/CmHgLvpx/ ? USDT.D Analysis Now, let’s look at USDT dominance. Yesterday, dominance finally stabilized above 5.34, which triggered a market drop. ? Currently, USDT dominance has reached the next resistance at 5.48 and has shown a reaction to this level. To confirm further upside, we need a break above 5.48. If a correction starts and we see more red candles, the price could retrace back down to 5.34. https://www.tradingview.com/x/AWOId7Oj/ ❌ 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.
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Price is currently forming a liquidity pool that it needs to grab above that formation before dropping for possible shorts.
If Gold rejects resistance I can see price come back down after breaking support to the break of structure
Price was in a downtrend, however bullish divergence appeared on daily timeframe that led to the break of previous lower high. Bulls seem to be in the driving seat as first higher high is printed, if the momentum continues then we can expect further upside in price action as per Dow theory. Targets are mentioned on the chart.