68 Trading Plan (September eleven – September 17, 2023) – While waiting to brief BTC, Altcoins could bleed
one. Review final week’s trading prepare
Last week, 68 Trading had a relatively effective trading week taking revenue from several Altcoin bets, of which the greatest revenue came from the PERP bet that I shared with you guys in the prepare final week.
1D chart of PERP/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September three, 2023
Result:
1D chart of PERP/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
PERP received optimum revenue, even if you are brave, you can hold x3 entries.
Furthermore, we have also shared with you several other signals on the channel and all of them have very great earnings.
two. Analysis and commentary on Bitcoin (BTC) following week
1W chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
This week’s candlesticks proceed to display a tighter sideways squeeze with a doji candlestick form, the upper and decrease wicks are very tiny. This demonstrates that BTC pointed sideways final week and the breadth narrowed. In the latest industry natural environment, this could be a squeeze, but it could also end result from a lack of industry liquidity.
1D chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
The side cost assortment is even now only involving 25,400 and 26,800 USD. The brief down prepare when the cost hits 26,800 has not took place still and this cost assortment is even now legitimate. Therefore, this week my see on BTC stays the similar: you can wait for the cost to return to USD 26,800 to generate a false breakout to go brief.
Scalping prepare for BTC this week:
four-hour chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
My scalp prepare for BTC this week is even now waiting to be diminished. The two entry factors you can refer to are the USD 26,800 zone in situation the cost retests and the 25,400 zone if the cost drops under this zone.
BTC.D
Bitcoin Dominance Index (BTC.D), screenshot from TradingSee on the evening of September ten, 2023
BTC.D also headed sideways in the tiny frame final week. In the medium phrase the 49.9% threshold will be very critical (black line). If BTC.D returns over this restrict, it could proceed to rise and vice versa. Altcoin customers must be cautious if BTC.D closes over 49.9% yet again.
three. Some ideas for Altcoins
ARB
1D chart of the ARB/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
The ARB made a new fund, the RSI also made a decrease mark than when it made the outdated fund. This is a rather poor indicator for this token. Currently, you can scalp ARB in a brief course, the cost will proceed to decline except if the cost rises and returns over the USD .92 region (gray region).
You can wait for the cost to return to .89 to observe the trend
four. Macroeconomic information
This week there will be some notable information that you must search out for as follows:
September 13, 2023at seven:thirty pm (Vietnam time), the United States will announce CConsumer Price Index CPI. These information immediately reflect the inflation condition.
September 14, 2023at seven:thirty p.m., the United States will announce the information Apply for unemployment gains.
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