AIXBTUSDT.P - LONG POSITION SETUP
Timeframe: 4-Hour (4H)
Analysis: Multiple signals on the price chart and oscillators indicate the potential for a strong bullish reversal.
1. Technical Analysis Confirmations:
Harmonic Pattern: The chart shows the D point of the Anti-Cypher Harmonic Pattern, which signals a bullish signal. This pattern indicates that the price will make a strong bottom reversal.
TDG Indicator: The TDG oscillator has broken above the zero line, confirming a clear upward momentum and strengthening the trend.
Support and Resistance: The price has broken above WMA50, confirming an upward trend reversal, while the TDG indicator's macro trend analysis chart is also showing positive signals.
2. Macro Analysis Confirmations:
Crypto Market: According to the macro chart, money is flowing into altcoins and the "Risk-On" mode is active. This indicates an increase in overall market risk appetite and a strong upside potential for altcoins.
Global Markets: The rise in the NASDAQ and the fall in the DXY indicate an increase in global risk appetite and a shift of capital towards risky assets.
Entry Conditions: A long position was opened at point D of the pattern and when the TDG oscillator crossed into positive territory.
Targets and Risk Management:
Target: Targets and resistance levels determined by the pattern will be monitored.
Stop-Loss: Placed just below point D of the Anti-Cypher pattern.
