#BTC/USDT.P Analysis-
If a strong bullish candle forms on CPI data news and then breaks out, it is likely to achieve a 1% target.
T.F.- 5-M
ENTRY- 88254
SL- 88975
TARGET- 87400
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
Crypto Fear & Greed Index: 84.
Yesterday, the index was 80.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
Crypto Fear & Greed Index: 80.
Yesterday, the index was 76.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#MANA/USDT analysis :
#MANA is currently forming lower lows (LLs) and lower highs (LHs) while trading near the resistance zone. The price is expected to decline from this level and test previous lows. For a short entry, it is advisable to wait for a break below the $0.3370 level.
TF : 1D
Entry : $0.3370
Target : $0.2713
SL : $0.3752
#SXP/USDT analysis :
#SXP has broken out of the trendline, and the price has also rebounded from the support zone following a period of sideways consolidation. It is anticipated that the price will continue to rise from the current level and test previous swing highs.
TF : 1D
Entry : $0.3240
Target : $0.5629
SL : $0.2055
Crypto Fear & Greed Index: 76.
Yesterday, the index was 78.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#DGB/USDT analysis :
#DGB is currently in a downtrend, consistently making new lows while trading below the 200 EMA. The price is now showing a retracement towards the 200 EMA and the resistance zone. It is expected to reverse and continue its bearish momentum. It is recommended to wait for the price to retest this zone and demonstrate rejection before considering a short entry.
TF : 1D
Entry : $0.00703
Target : $0.00541
SL : $0.00814
#ARDR/USDT analysis :
After breaking out above the 200 EMA, the #Ardor has retested it and consolidated sideways over the support zone. Recently, the price has bounced back from the support zone, and it is anticipated to continue its bullish momentum to test the previous swing high level.
TF : 1D
Entry : $0.09132
Target : $0.12550
SL : $0.07356
#BAL/USDT analysis :
#BAL is currently in a downtrend, trading below the 200 EMA and consistently making new lows. The price has retraced and retested the resistance level during the correction phase. It is now showing signs of rejection from this level, suggesting that it is likely to continue its bearish momentum and test previous lows.
TF : 1D
Entry : $2.088
Target : $1.734
SL : $2.327
BTC LONG/SHORT Ratio Analysis:
A BTC Long/Short Ratio of 0.9608 indicates more short positions than long positions, suggesting that traders are slightly more bearish.
There are possibilities:
1-Bearish Sentiment: More traders expect BTC to decline, potentially pressuring the price lower.
2-Potential for Short Squeeze: If BTC shows strength and rises unexpectedly, it could lead to a short squeeze, forcing shorts to cover and potentially driving the price up.
#BITCOIN Analysis:
As expected, BTC is showing an overall bullish trend for November, and it has already achieved 50% of the average monthly gain for this month.
#YFI/USDT analysis :
#YFI is currently experiencing a downtrend on the higher time frame. The price has retraced to a resistance zone during the correction phase. Currently, the price is exhibiting signs of rejection from this zone. It is anticipated that the price will decline from this point and test the previous swing low.
TF : 1D
Entry : $6,227
Target : $4,460
SL : $7,306
MicroStrategy acquired 27,200 BTC for $2.03 billion, with a total holding of 279,420 BTC.
The company's BTC Yield from October 1 to November 10, 2024, was reported at 7.3%.
Funding Rate Spike on Binance !
Today, we're observing a hike in Binance's funding rates, signaling an increase in long positions.
With Binance's open interest also reaching an all-time high, this points to a bullish sentiment but may also indicate an over-leveraged market.
However, this rise in leveraged positions brings the risk of rapid liquidations, potentially causing sharp price movements.
In such conditions, it's wise to avoid over-leveraged trades to mitigate exposure to sudden reversals.
#BTC/USDT.P Analysis:
After consolidating for over 34 weeks, BTC has closed above its previous all-time high and is set to reach the target level of 111,650.
Additionally, any dip or single-day correction of more than 5% presents an excellent buying opportunity.
#STMX/USDT analysis :
#STMX has broken out of the trendline after bouncing back from the support zone. The price is expected to rise from the current level and test the previous swing high.
TF : 1D
Entry : $0.005739
Target : $0.008718
SL : $0.004163
#CTSI/USDT analysis :
#CTSI is currently trading at a support zone and is expected to bounce back from this level, rising to test the resistance zone. A potential gain of 140% is anticipated from the current level.
TF : 1W
Entry : $0.1405
Target : $0.3404
SL : $0.0888