1. Look for sector with major news catalysts. Eg: Blackrock entering RWA sector, NVIDIA conference for AI. Meme on Base.
2. Go to Coingecko categories list and go to that sector. Scan through all projects (ALL THE PROJECTS) above $50 million market cap for now with high Volume (Minimum 10 Million) This will enable good liquidity.
3. Look for EMA retests and S/R flips, where previous resistance turns into support via range high. Best is large multi-month range breakout and retest of resistance as support.
4. Watch the 4H 200 EMA which often acts as a support, indicating a strengthening trend. Retest of 55 EMA on the Daily is a great buy in Bull markets. (Check what happened to INJ on 55 EMA on the Daily Chart)
5. Ideal entries occur when EMAs show a bullish crossover (LTF EMA moves above HTH EMA), confirming uptrend.
6. Timing is key: The ability to catch these moments can be part skill, part luck. This is where FA comes in.
6. Target and psychological numbers where most people are likely to take there Profits and have set targets.
7. If you're waiting for entries, try this - Placing entries at a place where you'd place your stop loss can be a good buy. Those levels are often hit.
8. If you're sure about Entering a coin, market buying isn't a bad Option in the long Run.
9. Always know your exit. 99% of people didn't know this in 2018 and that's how they lost the money.
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PPI data came in significantly cooler than expected.
1- Core PPI: 0.1% vs 0.4% forecast (massive miss to the downside)
2- PPI: 0.5% vs 1.1% forecast (less than half of what was expected)
Both readings dropped sharply from last month's numbers. Core PPI went from 0.5% to 0.1% and headline PPI went from 0.7% to 0.5%. This is bullish for Bitcoin at this resistance level since cooler inflation means the Fed has more room to consider rate cuts as the dollar weakens.
Based on the historical data I shared in the previous update, hot PPI prints have caused 4-6% drops within 48 hours every time since October. But friendly PPI prints have allowed price to hold and grind higher. With BTC already sitting at the $74K-$75K resistance, this is the kind of data that could give it the push to finally break through.
$74-$75k resistance was rejected multiple times in February. Price is retesting this zone again and the reaction this time at these levels decide whether we move to $80-$84k range. The consolidation seems to be bullish but we are still at resistance and today there is PPI data in few mins. STABLEC.D and USDT.D both sitting at support and if that support holds then it will be another bearish signs.
Plan is simple a daily close above 75k will be the first sign of resistance break and a weekly close above 75k will be a bullish confirmation. As we wait for the PPI data, I suggest moving SL to Entry for all the long trades.
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