PierrePressure

PierrePressure Updated 

Macro Analysis: Before diving into the technical aspects, let's first examine the broader macro landscape influencing current market movements, particularly focusing on the Consumer Price Index (CPI) and the Bitcoin Halving: Consumer Price Index (CPI): In March, inflation, measured by the CPI, surpassed expectations with a 0.4% increase compared to the...

PierrePressure Updated 

Macro: With the SEC v. Ripple case nearing a resolution, XRP has entered my radar despite uncertainties regarding its classification as a security. Ripple responded to the SEC's supplemental authority letter, disputing the regulator's legal precedent and raising doubts about the applicability of the Securities Act to Ripple. Further developments on the case will...

PierrePressure Updated 

ETH is currently forming an ascending channel in the higher time frame (HTF). Although the position is currently neutral, the lower trend line needs to be respected for the accumulation of long positions at each bounce. A bullish signal can be expected if the price continues to respect the lower trend line. As long as the price advances and trades within the...

PierrePressure Updated 

I am waiting for price action to confirm my bullish bias in the ascending triangle set up on the daily chart for BTC. I will enter the trade at 25.3, which is a major resistance level, after a breakout and retest. The potential upside is 22% with target profits at 26.6, 28, and 31.6. To mitigate risk, I will implement a trailing stop loss as I reach each profit...