🏁 Meanwhile, #ARG has also printed +35% profit! On hold as well. Believe that this is only beginning.
Читать полностью…💖 DAILY PROFITS FROM SCALPING
Today we published the SHORT signal in the Premium Scalping Channel. We’ve opened SHORT on BTC for the $16580. The price reached 5/7 targets in about 3 hours and we printed 110% profit from this one trade.
🎖 Join our Premium Channel now and receive more Scalping Signals. For more info please write to me @kankordio or visit our website https://klondikepro.com/membership.
Screenshots of our signal and position are below. 👇
🐝 BTC LOCAL UPDATE
The chart was updated. The bearish pennant continues to extend. As you can see, the $17,000 resistance is very strong, bears are trying hard to save it.
At the moment the priority is bearish. Buying makes sense only in case of 4H candle closes above the resistance.
In my opinion, there are high chances of forming a flat zone in the mentioned corridor: $15,650 — $17,000 with the possible extension to $18,125. We stay with no position at the moment.
🐝 BTC UPDATE
The bearish pennant sent the price down to the $15,700 level but it bounced from there very fast. As you can see, there was a rejection from the $16,850 resistance as well.
👉 Locally, Bitcoin formed a horizontal channel in the $15,650 - $16,850 range. The breakout direction will determine the further movement.
The zone of $18,125 - $18,500 is good for trying some SHORT. Good RR for this position. But that's just some thoughts. Will keep you updated.
💭 I really hope that you understood what I'm trying to tell you. We are not trying to predict the bottom and buy at the best point. Because it is impossible to do correctly, on purpose.
We're just offering a TRADING PLAN. That we will follow by ourselves.
Buy breakout of $17,500 OR buy $10,000 - $12,500 range. Anyway, it's up to you to decide what to do.
🐝 BTC MACRO UPDATE (1/2)
Will start without any preface. There are two options of what can happen next and here is the first, OPTIMISTIC one:
There is a massive consolidation zone with $17,800 - $25,000 borders. As you can see, the price dumped below the support line.
We may see the dump continuation down to the $15,500 - $16,000 zone and pump back above the $17,800 level. This would be called a DEVIATION. In other words, fake breakdown of the support.
That's a bullish case. How we advise to trade it: buy on the $17,800 breakout upwards. This is the safe option. Buying in the $16,000 zone is risky. Explanation will appear in the next publication❗️
💭 A lot of useful and interesting content will be published soon.
Stay tuned. Next weeks will make Klondike “great again”. As they say.
🐝 BTC UPDATE
The key support for now is $21,000. Taking into account all things that are happening with #FTX right now, it is quite risky to hold any crypto for now.
However, we bought a big bag of Bitcoin & Ether with the tight stop loss below the $21k. Taking risks.
🏵 However, I DO NOT RECOMMEND TO RUSH INTO ALTCOINS RIGHT NOW! (with a big part of your deposit)
As you can see, the Altcoin Index (Index using a weighed average of the prices of major alts) is very close to the major resistance level.
Therefore, we invest only 15% of the deposit in altcoins as long as the index remains below the resistance level.
📍#SOL — Looks Great!
Solana has just broken through the descending channel that started from the end of August 2022!
Buying some here, but want to buy the bigger part of the position at the resistance retest. Priority is bullish!
🔥 #DOGE reached another target, printed +75% profit with x5 leverage, another part of the trade was closed!
Читать полностью…❗️Buying some #POR and #ARG
Let me explain. Chiliz (#CHZ) has two National Team tokens. National Teams of Ronaldo and Messi:
#POR (Portugal National Team) trades on the Okex. The chart is attached to this post. #ARG (Argentine Football Association) is on the Okex as well. ARG Chart Link.
Both tokens have weak liquidity and small market cap ($16M and $26M). Taking into account the approach of the World Cup and the fact that the investor of Chiliz is Binance, it is logical to expect the listing of coins on the exchange.
Binance has recently made an NFT collection with Cristiano Ronaldo — Source. This fact reinforces the belief that the listing on Binance is very possible when the time will be closer to the World Cup. And even if this doesn't happen, these token should make some growth because of such a big event. Investing a very small part of the deposit!
🐝 Bitcoin is breaking through the $16,850 resistance. If this breakout confirms, we will go upwards to the $18,125 - $18,500 zone.
Читать полностью…🐝 BTC LOCAL UPDATE
This update was made on 1H chart. For those who are interested in the local movement.
The price has broken the bearish pennant down and now re-testing the broken support.
However, the price is located right at the end of the bearish pennant currently. This is the only not-bearish factor right now.
Overall, locally we are bearish. All the levels are on the chart.
🐝 BTC UPDATE
The left chart shows the Dec 2020 chart, the right chart is about nowadays. We made this graph just to show that the levels are still relevant.
TA: Overall priority is downwards. The $15,500 - $18,750 zone can be considered as a flat corridor, we may use to steadily fill orders for SHORT position. If the $15,500 is broken downwards, we will see $14,000 in no time.
FA: The FTX crash will have a massive effect on the crypto industry and more likely we faced just a half (as max) of what is coming. To be honest, I can't find any single reason why Bitcoin can grow from current points to somewhere higher than ±$19,000.
💭 Important takes by CZ Binance:
1. The impact of the crisis associated with the collapse of FTX has yet to be felt. We will see cascading negative effects, especially for those ones that are close to the FTX ecosystem.
2. The cryptocurrency crisis can be compared to the financial crisis of 2008 year.
3. Obviously FTX won't have enough money for a $1.4B deal with Voyager.
P.S. by the way FTX US goes bankrupt as well, so we can expect cascading bankruptcies of Voyager, BlockFi, Matrixport etc. The list will obviously increase.
❗️Be careful with #USDT. Signs of slight depeg. We moved money into #USDC and #BUSD.
Читать полностью…🐝 BTC MACRO UPDATE (2/2)
First part link
Why do I think buying the $16,000 zone is NOT THE BEST idea?
This support zone is not really strong — it can hold the price for some time, but it can not be defined as the ULTIMATE BOTTOM for Bitcoin. The Macro Technical Analysis says we can easily flip $14,800 - $15,000 into resistance.
You can fill your bags at $15,000 - $16,000 but what will you do if the price will continue dumping to $14,000 - $12,000 - $10,000? You will suffer from moral pressing and sell in huge loss with high probability.
The difference between $16,000 and $11,000 is ±25%. Meanwhile the difference between $16,000 and $17,500 is only ±10%.
I would rather MISS 10% of potential profit than LOSE 25% of my deposit (even for a while). Hope you get my point.
No charts for today. Just news. Observing and not drawing any conclusions until the end of the day.
$16,500 and lower — must buy. That’s all for now. Tomorrow big update.
Advise you to stay away from any trades too. Congratulations to those who earned on the move.
Fully Agree.
Source: https://twitter.com/starokg/status/1589861637271715840?s=46&t=WItO-IQMaB5hEUvS2h9d9g
🐝 BTC UPDATE
Yesterday closed the position at $21,050. However, the main bag of Bitcoin is still on hold since the vector is ascending as long as the price remains above the 0.5 level by Fibo, namely $20,300.
The FUD is not too serious, more likely it will not affect the market anymore.
I am really worried about #FTT dump. The chart looks awful after the news that Binance could dump their #FTT holdings: https://twitter.com/theData_Nerd/status/1589195498803539968
$22 - $23 area is the ultimate multi-year support level that has nothing below. If rumors are true and Sam is unable to hold this support, this can drive the whole market down hard just like #LUNA earlier this year 🧐
❗️Also buying some #SRM, this project is based on Solana Blockchain and will show more % of growth if #SOL will skyrocket.
The buying strategy is the same as it is with Solana.
🐝 BTC UPDATE
All the key levels are marked on the chart. At the moment the price is located in the consolidation range.
The most important support level is $19,700. As long as this level holds the price, we have chances of breaking the $21,000 resistance.
As for now, we are still in the flat range. Local priority is still upwards.
📍#DXY UPDATE
You can read this chart as an opposite to the Bitcoin.
As you can see, here is a massive descending channel that will be broken upwards.
We either move downwards for now, test the descending support and pump upwards (for Bitcoin it would pump up to $21,500 - $22,000 and reverse downwards)
OR
We pump right from here which is bearish for the crypto market. All in all, this trend on the crypto market will not last higher than $22,000. As we see for now.