Come back and welcome to the trading preparing segment for the new week with 68 Trading. Last week was rather a depressing a single as BTC constantly moved sideways and impacted by macro information brought about value swings that wiped out the stoploss rather a whole lot. However, 68 Trading nonetheless has some high quality bets. Let’s overview the final week of trading with me and program for up coming week!
Review final week’s trading final results
Plan for BTC
Last week’s program for BTC was to wait for the value to break out, respect the $17,a hundred zone, go lengthy, then wait quick once again at $18,000. Though BTC broke out but then failed to meet and sideways so this program did not get the job done out.
Plan for AVAX
Commercial program:
AVAX is acquiring a good climb with the +EMA twenty trendline. Therefore, I anticipated the value to move back into the $13.27 zone for a lengthy entry, cease reduction at $twelve,826. If the value bounces once again, I will appear for a quick in the powerful provide zone at $14.eight.
Result:
We matched the get entry and created a seven% revenue (unleveraged). Unfortunately, the value has not touched the quick holding place.
Plan for OP
Trading program to get OP in the USD one.04 value zone:
Result:
At noon on twelve/eleven, OP touched the get entry and created a slight revenue, you can proceed to hold or consider a slight revenue if you like.
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Trading program this week
Bitcoin (BTC) examination and commentary.
Although BTC continued to bounce over the $17,a hundred resistance this week, it in the end failed to sustain this break and was rejected to type a greater bar. Currently, BTC continues to move sideways suitable at this help degree. This will be a extremely “unpleasant” second. Therefore, you can rest temporarily, do not area the buy and wait for the chance up coming week.
You can see Bitcoin’s sideways effectiveness far more obviously final week in the each day frame. The value has practically no motion, it is extremely irritating when this sideways deviation takes place suitable in a resistance place. Currently, frame D does not have an efficient trading program for BTC.
If you want to scalp, I propose a four-hour trading program as follows:
I will wait for a short chance when the value meets two circumstances:
- Break beneath the diagonal trendline as proven over.
- Drop down to the $sixteen,800 help zone and consider once again efficiently.
BTC.D (Bitcoin Dominance)
For BTC.D, I nonetheless hold the outdated see that I assume to bounce at this help degree. When BTC.D bounced it could coincide with the Bitcoin value dump. We can assume Altcoin SS when BTC.D pretend to break and download once again.
Some strategies for Altcoins
BNB
In my evaluation, BNB is acquiring a rather superior correction in the wedge. You can wait for a drop in the 273 zone to get or go lengthy if the value respects the help in this value zone.
Website link
We had a extremely good Website link quick movie final week (I shared it on 68 Trading Telegram). This week, if it breaks the six.71 help place, Website link can proceed falling to the five.five place. The program is to wait for the value to break the help at six.71, retest and enter a quick place.
Macro information
The market place is very likely to be far more lively this week with some notable information this kind of as:
December 13, 2022: at twenty:thirty (Vietnam time), the United States will announce PCI of November. This is the shopper value index, a single of the information that exhibits the inflation circumstance of the economic system.
December 14, 2022: At ten:thirty pm (Vietnam time), the United States announced information on crude oil reserves. This is also vital information and facts, specially if you are concerned in foreign exchange trading. Crude reserves will decide the enhance/reduce in the value of oil in the close to potential, right influencing the rates of other commodities.
December 15, 2022: At 02:00 (Vietnam time), the Fed will announce the determination final curiosity fee hike in 2022. This is deemed to be the most vital piece of information and facts for December and has a direct effect on practically the whole fiscal market place. BTC value can be extremely volatile suitable now. Remember to be mindful!
The last
Here are some trading strategies from my private level of see. I hope up coming week you will have far more prospective customers for much better references and exchanges. Don’t fail to remember to subscribe group 68 Trading on Telegram Let’s trade and “cheat” with us!
