We've just seen a Breakout Attempt at the First Resistance Line (Yellow Line). After that Breakout Attempt we have 2 possible scenarios ahead:
The first one is drawn as the Blue Arrows: - If the breakout could be successful, we are going to see the price moving between 2nd Minor Resistance (Light-Blue Line) and the First Resistance Line and then a Second Breakout Attempt on Minor Resistance aiming (Light-Green Arrow) the Target Zone from $19180 to $19700 range. (2 Light-Green Lines).
The second one is drawn as the Red Arrow: - If the breakout fails, we are going to see the price falling as shown at the Red Arrow. That's the higher probability of moving as we've just seen a Ichimoku Cloud Breakout. It's probably going to fall at the Senkou Span B and entering our Buy-Zone from $15200 to $15700 range. (2 Blue Lines)
- If you are looking for an aggressive buy, you could find your entry from $15800 to $16050 range but it's safer to Buy at the Buy-Zone.
We've just had Funding on Bitmex. We are highly supposed to see a big price fluctuation.
Longs paid the funding this time. That's a crucial point now, we may see a big move on either direction.
I'll keep you updated.
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Hey guys!
Major Resistance has been broken and Minor Resistance is the New Attempt!
We may see an AGGRESSIVE Resistance Breakout in order to touch our targets now. Otherwise, we will see a correction and retracement to support levels near Past Resistance (Yellow Line)
Take care of your altcoin holdings and hold tight to your Altcoins that climb along with BTC grow. In example, BNB.
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Price moving perfectly as expected. Enjoy your holding.
Major Resistance has been broken and Minor Resistance is the New Attempt!
We may see an AGGRESSIVE Resistance Breakout in order to touch our targets now. Otherwise, we will see a correction and retracement to support levels near Past Resistance (Yellow Line)
Take care of your altcoin holdings and hold tight to your Altcoins that climb along with BTC grow. In example, BNB.
Braulio789
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Comment: "We've just had Funding on Bitmex. We are highly supposed to see a big price fluctuation.
Longs paid the funding this time. That's a crucial point now, we may see a big move on either direction."
What do you mean by this? please explain
cryptogrowing
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@Braulio789, Hey, Braulio. Bitmex is one of the biggest exchanges nowadays. You can Margin Trade there with up to 100x Leverage and a big portion of Bitcoin Liquidity is there.
There is a fee on Bitmex called funding and it works as a stabilizer for the price to move near Index Price. That fee is charged 3 times a day and we've just had it 10 minutes ago.
People betting Long on Bitcoin paid this round. That's the reason why a price fluctuation is expected now.
Price may move either as the Blue Arrows or the Red arrow but on a higher timeframe, the targets are the same. $19200 to $19700 range.
Major Resistance has been broken and Minor Resistance is the New Attempt!
We may see an AGGRESSIVE Resistance Breakout in order to touch our targets now. Otherwise, we will see a correction and retracement to support levels near Past Resistance (Yellow Line)
Take care of your altcoin holdings and hold tight to your Altcoins that climb along with BTC grow. In example, BNB.