Review final week’s trading final results
Last week we had two ideas to trade Bitcoin and People but regrettably the price tag did not fluctuate adequate to match the program.
BTC is nonetheless only sideways with extremely smaller fluctuations. As I anticipated, the swing power comes largely from the to start with days of the week. The following days, the United States is closed for Thanksgiving, so you can see that the price tag has virtually no substantial fluctuations.
Since the selection is also smaller, we can not match a brief entry for BTC
With Individuals, I anticipate the price tag to fall in the context that BTC.D is not in favor of Altcoin, so we can invest in in the assistance spot and consume the retracement. However, regrettably the price tag has not touched the entry zone.
Although the previous week was rather uninteresting and did not make a revenue, but with this kind of a sideways industry predicament, standing outdoors and waiting is also a results and teaches us to be patient.
Join the 68 Trading community now to receive more quality bets!
Trading program for this week
Bitcoin (BTC) evaluation and commentary.
Currently, the $15,500 price tag zone serves as assistance for the BTC weekly frame. You can see that the price tag touched this price tag zone twice and bounced back. If practically nothing moves, this week’s candlestick will shut as a bullish pinbar with a rather lengthy reduce beard. However, the industry will not be also bullish as final week’s pinbar is nonetheless also smaller from the former bearish candle. Because of this “discomfort”, the industry will locate it challenging to rebound right away but it could sideways, rise somewhat in the USD 17,500 – 18,000 spot and then fall once again.
The day frame is not also distinct, the price tag fluctuates amongst assistance and resistance, which is really challenging to assess. The EMA (twenty) (blue line) is declining and possibly it will degree out following time. This reinforces the see that the industry will move sideways following week.
If you want to scalp, I recommend a four-hour trading program as follows:
You can see the price tag is sideways in a triangular pattern, I anticipate the price tag to break out in the down route, retest liquidity at the reduce assistance (sixteen,000), then bounce. With this program, you can
- Short place when the price tag falls to the 15m frame.
- Canh Long when the price tag touches the sixteen,000 zone.
BTC.D (Bitcoin Dominance)
For BTC.D, I nonetheless hold the outdated see that I anticipate to bounce at this assistance degree. When BTC.D bounced it could coincide with the Bitcoin price tag dump. We can anticipate the “altcoin season” when BTC.D pretend to pop and download once again.
Some ideas for Altcoins
DOGE
DOGE had very good rebound to the 4H frame. My program is to wait for a very good setup to go lengthy when the price tag reaches .094. This is a scalping buy, you can set an alert on the app to wait for the price tag to touch this spot.
CELEBRATE
CELO has a rather bullish weekly candlestick. In the coming week I will wait for the price tag to return to the .579 or .534 spot to invest in.
Macro information
The industry is probable to be additional lively this week with some notable information this kind of as:
November 29, 2022:
- twenty:thirty (Vietnam time): The US has announced its third quarter gross domestic merchandise GDP. This will be the variety to assess the existing US financial predicament immediately after a series of Fed curiosity price hikes.
- ten:00 PM and ten:thirty PM is information for US Pending Home Sales and Crude Oil Reserves, respectively. These are also benchmarks for the well being of the economic climate and have some influence on inflation.
December one, 2022: At one:thirty, Fed Chairman Jerome Powell will talk. You ought to observe the articles of the speech to get additional motives to comment on the most current Fed curiosity price hike occasion on December 14th.
The ultimate
Here are some trading ideas from my personalized stage of see. I hope following week you will have additional prospective customers for far better references and exchanges. Don’t neglect to subscribe group 68 Trading on Telegram Let’s trade and “cheat” with us!
Review final week’s trading final results
Last week we had two ideas to trade Bitcoin and People but regrettably the price tag did not fluctuate adequate to match the program.
BTC is nonetheless only sideways with extremely smaller fluctuations. As I anticipated, the swing power comes largely from the to start with days of the week. The following days, the United States is closed for Thanksgiving, so you can see that the price tag has virtually no substantial fluctuations.
Since the selection is also smaller, we can not match a brief entry for BTC
With Individuals, I anticipate the price tag to fall in the context that BTC.D is not in favor of Altcoin, so we can invest in in the assistance spot and consume the retracement. However, regrettably the price tag has not touched the entry zone.
Although the previous week was rather uninteresting and did not make a revenue, but with this kind of a sideways industry predicament, standing outdoors and waiting is also a results and teaches us to be patient.
Join the 68 Trading community now to receive more quality bets!
Trading program for this week
Bitcoin (BTC) evaluation and commentary.
Currently, the $15,500 price tag zone serves as assistance for the BTC weekly frame. You can see that the price tag touched this price tag zone twice and bounced back. If practically nothing moves, this week’s candlestick will shut as a bullish pinbar with a rather lengthy reduce beard. However, the industry will not be also bullish as final week’s pinbar is nonetheless also smaller from the former bearish candle. Because of this “discomfort”, the industry will locate it challenging to rebound right away but it could sideways, rise somewhat in the USD 17,500 – 18,000 spot and then fall once again.
The day frame is not also distinct, the price tag fluctuates amongst assistance and resistance, which is really challenging to assess. The EMA (twenty) (blue line) is declining and possibly it will degree out following time. This reinforces the see that the industry will move sideways following week.
If you want to scalp, I recommend a four-hour trading program as follows:
You can see the price tag is sideways in a triangular pattern, I anticipate the price tag to break out in the down route, retest liquidity at the reduce assistance (sixteen,000), then bounce. With this program, you can
- Short place when the price tag falls to the 15m frame.
- Canh Long when the price tag touches the sixteen,000 zone.
BTC.D (Bitcoin Dominance)
For BTC.D, I nonetheless hold the outdated see that I anticipate to bounce at this assistance degree. When BTC.D bounced it could coincide with the Bitcoin price tag dump. We can anticipate the “altcoin season” when BTC.D pretend to pop and download once again.
Some ideas for Altcoins
DOGE
DOGE had very good rebound to the 4H frame. My program is to wait for a very good setup to go lengthy when the price tag reaches .094. This is a scalping buy, you can set an alert on the app to wait for the price tag to touch this spot.
CELEBRATE
CELO has a rather bullish weekly candlestick. In the coming week I will wait for the price tag to return to the .579 or .534 spot to invest in.
Macro information
The industry is probable to be additional lively this week with some notable information this kind of as:
November 29, 2022:
- twenty:thirty (Vietnam time): The US has announced its third quarter gross domestic merchandise GDP. This will be the variety to assess the existing US financial predicament immediately after a series of Fed curiosity price hikes.
- ten:00 PM and ten:thirty PM is information for US Pending Home Sales and Crude Oil Reserves, respectively. These are also benchmarks for the well being of the economic climate and have some influence on inflation.
December one, 2022: At one:thirty, Fed Chairman Jerome Powell will talk. You ought to observe the articles of the speech to get additional motives to comment on the most current Fed curiosity price hike occasion on December 14th.
The ultimate
Here are some trading ideas from my personalized stage of see. I hope following week you will have additional prospective customers for far better references and exchanges. Don’t neglect to subscribe group 68 Trading on Telegram Let’s trade and “cheat” with us!
