Hello Traders.
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Bitcoin 1W Chart Status :
Although there is more time for the weekly closing now, our old support has been resistance in the current situation.
When we look at relativity, it is obvious that we see a momentum weakening.
But prices of 8400 are due to Fibonacci 0.618 point.
short positions will go to profit realizations and reduce the density a little more.
Due to this weakening of momentum, we must definitely enter with small positions. (%0.25)
When we look at the condition of the Terminals:
Crypto Terminal Status in Adaptive Period :
The increase in the hash rate supports the long position, albeit slightly.
Miner's data did not show significant changes.
However, an increase in the Transaction Volume Average is required to realize this position.
This gives us a convenience like this.
If the price is going to drop and there is no sudden drop below Fibonacci 0.618, the drops should definitely be in the rising volume:
Long position argument then also gets support from the market.
Crypto Terminal Status after the last 29-week summit:
There is a nice detail here.
Although there is a downside in miner data, the hash rate increase is on average more than %73 compared to the previous peak.
There may be some antidote to increased COT Short Positions.
NOTE:
Those who want to enter now should definitely keep their Stop-Loss tight.
And this results in a transaction with high financial leverage.
And the risk / reward ratio at the current price is absolutely worthless.
If these regions (Entry Level : 8452 - 55 ) are not realized, as I stated on the chart:
This time I wrote the parameters on the chart.
My entry level is to check the available technical tools in case the regions arrive: Permanence Over 8452.6
Important Reminder
Therefore, if these regions are not exceeded directly and do not break down, please review the status of your own indicators when the regions arrive.
Do not any pre-orders for any direction.
Best regards.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
More importantly, let's get into comment sharing!
Let's start.
Bitcoin 1W Chart Status :
Although there is more time for the weekly closing now, our old support has been resistance in the current situation.
When we look at relativity, it is obvious that we see a momentum weakening.
But prices of 8400 are due to Fibonacci 0.618 point.
short positions will go to profit realizations and reduce the density a little more.
Due to this weakening of momentum, we must definitely enter with small positions. (%0.25)
When we look at the condition of the Terminals:
Crypto Terminal Status in Adaptive Period :
The increase in the hash rate supports the long position, albeit slightly.
Miner's data did not show significant changes.
However, an increase in the Transaction Volume Average is required to realize this position.
This gives us a convenience like this.
If the price is going to drop and there is no sudden drop below Fibonacci 0.618, the drops should definitely be in the rising volume:
Long position argument then also gets support from the market.
Crypto Terminal Status after the last 29-week summit:
There is a nice detail here.
Although there is a downside in miner data, the hash rate increase is on average more than %73 compared to the previous peak.
There may be some antidote to increased COT Short Positions.
NOTE:
Those who want to enter now should definitely keep their Stop-Loss tight.
And this results in a transaction with high financial leverage.
And the risk / reward ratio at the current price is absolutely worthless.
If these regions (Entry Level : 8452 - 55 ) are not realized, as I stated on the chart:
- Long Position can considerable Permanence Over 9349.4
- Short Position can considerable Permanence Under 8452.6
This time I wrote the parameters on the chart.
My entry level is to check the available technical tools in case the regions arrive: Permanence Over 8452.6
Important Reminder
Therefore, if these regions are not exceeded directly and do not break down, please review the status of your own indicators when the regions arrive.
Do not any pre-orders for any direction.
Best regards.
Comment:
I decided no trade minimum 9 hours (3 bars more)
Good night , let's see tomorrow.
Good night , let's see tomorrow.
Comment:
Still waiting permanence over 8452.6 for open trade.
Trade active:
Target is 9349.4
Trade closed: stop reached:
9200 reached but stop reached too before target reached.
If BTC comes to the regions I have specified, I may not be able to catch it.
Please support with a clear reception signal that comes after the non-overbought closing.
If I catch it, I will write trade started with the trade active token.