AlgoBotTrading

AlgoBotTrading

#BTC almost hit TP1 following previous analysis/setup but buy pressure pushed the price to higher levels, nonetheless, price respected the predicted path. Bitcoin is getting closer and closer to the upper area of the long term rising channel as well the short-term one and price/volume divergence can be seen. Besides, there's the descending trendline ahead of the...

AlgoBotTrading

#USDT dominance is near an important mid-term ascending trendline (yellow trendline) and divergence can be seen, it's quite possible that the white trendline will be broken soon and USDT.D will rise causing dump in the market. So the trigger to exit Buy/Long positions and consider opening Short/Sell ones will be " 4H close above the white trendline".

AlgoBotTrading

We previously expected another drop in TOTAL3 after touching the resistance zone and stated that the break of the blue trendline shall be the trigger but it didn't happen and TOTAL3 crossed above the resistance level (good news for altcoins!). Just a little higher (around 660B) there's the descending trendline and it's quite possible that TOTAL3 will form a...

AlgoBotTrading

WIF doesn't seem to be bad for a small buy/long (Spot & Futures) entry: 2.3 - 2.57 TPs: 2.745 - 3.00 - 3.26 SL: 2.29 (tight SL) Max lev: 2x

AlgoBotTrading

#BTC CME futures chart is also showing that there's gap in 58,790 - 60,845 zone and it's possible that price aims to fill it! so it's important to see price's reaction to this gap: will it support the price or not?! it's worth mentioning that since last summer, almost all 4H gaps were filled in a short time after they were created! So it's high possibility that...

AlgoBotTrading

#BTC & #Market update BTC reached the liquidity zone of 64,000 - 65,000 and had an initial intense reaction to this zone (shown on the chart using the small box) but had a quick recovery afterwards. However, July 16th and 17th daily closes were inside the liquidity zone meaning that BTC is still struggling with the mentioned zone. if BTC is to cross above this...

AlgoBotTrading

#BTC is breaking below the shown trendline and is probably gonna do some retracement towards lower levels. SL just above 66,100 high TPs: 62,800 - 60,900 - 59,300

AlgoBotTrading

#BTC #Market update #BTC has managed to cross above 61,900 level which resulted in SL hit with the Short setups. But it's important to notice that the market is in a crucial situation now as hitting lower levels is still a possibility! BTC is close to the critical zone of 64,000 and a strong push through this area followed by a couple of daily closes above it...

AlgoBotTrading

#Dogecoin is in a heavy resistance zone and "crossing below the blue trendline shall possibly trigger a heavy sell pressure" TPs: 0.099 - 0.092 - 0.084 max lev: 3x

AlgoBotTrading

#Matic is currently in a resistance zone, crossing below the blue trendline shall be the trigger to enter sell position TPs: 0.4630 - 0.4320 - 0.3900 max lev: 3x

AlgoBotTrading

#BTC and #Market analysis BTC has followed previous analysis so far and has spent the last 7 days moving towards 59,900 level. The structure of this move and most importantly its declining volume suggest that the move is most likely a corrective move connecting early July dump to the possible upcoming dump!

AlgoBotTrading

#TOTAL3 (Altcoins) update Multiple tools and confluences (Supply zone, trendline, Fibonacci etc) are hinting that TOTAL3 is currently in a heavy resistance zone. so it's not wise to be on the Buy/Long side! Crossing below the blue trendline is the confirmation of dumping to lower levels again.

AlgoBotTrading

The rise in #BTC is probably temporary and BTC will probably face sell pressure again by getting close to 59,900 - 61,900 zone! the sell pressure signs will probably manifest after BTC hits 58,450 level! So the higher possibility scenario is that BTC will drop to lower levels after facing sell pressure near or inside the mentioned zone!

AlgoBotTrading

#TOTAL chart is probably in retest phase of the 2.04T - 2.17T resistance zone and following the retest, the continuation of the drop is expected unless TOTAL manages to hit 2.291T level. in that case, the possibility of hitting lower levels will probably be negated! so in short, the pump in the market is likely temporary!

AlgoBotTrading

#TOTAL3 has crossed below an important support level and it seems it's currently in retest phase of the 565B - 580B resistance zone. Some coins have hit their Aug-Oct 2023 lows and in case BTC aims to drop to lower levels, many other coins will also dump below their Q4 2023 lows! so in short, the current green candles in the market are most likely temporary...

AlgoBotTrading

Due to the sell pressure caused by German Gov. and Mt. Gox, USDT.D crossed above 5.4% level and unfortunately BTC dumped below 56,500 zone ! Previously a resistance zone, now the 5.2% - 5.4% area is a support level and it seems USDT.D is doing a retest of the mentioned zone meaning that current greens in the market is likely temporary. Following the successful...

AlgoBotTrading

Following previous call on July 3, stating that a drop to much lower levels is very likely, #PYTH had more than -22% drop and hit full TP. With 3X lev, it is some %60 profit.

AlgoBotTrading

PYTH (8H) possible Short setup: Trigger would be crossing below 0.3043 level (8H close). Entry can be done in 1H timeframe during retest of the trigger level and SL would be just above the mentioned level. possible TPs for this setup would be: 0.2888 - 0.2741 - 0.2615 - 0.2463. Max leverage allowed is 3X