Despite the fact that we haven't seen a crazy alt season in this current cycle, I definitely wouldn't write off all altcoins.
Now we need to be more responsible in choosing coins for our investment portfolio.
One of the few promising options that showed signs of life in this current cycle - $HBAR
An interesting idea for the project, a live chart, and a great buying zone, and in case of a drop — additional purchases. I confidently add it to my portfolio.
Looking at the 4-hour chart, it can be seen that purchasing power is still present. With difficulty, the market is trying to cover the shorts. Just in front of my eyes, a breakout of the last short candle level happened.
For now, I don't see strong confidence in a complete recovery of the drop; for minimal inclination towards longs, it needs to hold at least above $67,000, and ideally — above 68 000$BTC
At the moment, I lean more towards shorts, but I am not taking any actions.
Alternative. There is a second scenario: The second daily candle at $BTC neutralizes yesterday's failure. In this case, I will not be confident in shorts and will consider longs at $DYDX
The coin is in a trend reversal formation "double top".
But, to be honest, catching longs here looks significantly more dangerous.
Prepare the parachute. Вчерашняя дневная свеча on $BTC still closed with a confident red color, and now I have two trading ideas for different scenarios of event development.
First scenario: The second candle will confidently close in red, considering a short at $BCH .
The coin is in a bearish flag formation at the support level of the global bearish formation "double top".
In case this scenario materializes, I expect a very confident short.
After exactly a month of my absence, I suggest taking a look at the chart $BTC
Spoiler: globally, nothing has changed, but the picture has become a bit clearer.
Bitcoin broke through the global bearish flag with a daily candle. For minimal confidence, we need to at least wait for the candle to close.
I see two possible scenarios: • Confirmation of the breakout of the flag and a potential drop below $60k (a very attractive price for purchases) • A pullback to $80-85k and a further move short to cut off all the waiters (like me)
Anyway, if you want to build spot positions, I recommend starting today with the averaging method.
Will we drop below? Most likely... In that case, buy more.
Don't try to buy the bottom - it will eat you, believe me.
Lack of strength. $MANA paints a leading $BTC picture. Failure —> correction —> formed a 'double top' within the correction —> weak bounce from the neckline of the 'double top'
The coin clearly hints at a possible short, which fits well into the movement of $BTC within the range.
Every day for a person who has been following world news for the last 2-3 months starts approximately like this: Woke up —> smiled —> read about new threats to Iran —> had breakfast.
Crypto is also on edge because of this…
Will there be a strike on Iran? It depends on the outcome of the negotiations.
On one hand, Russia often advises its dictatorial allies to make compromises and deals to maintain power.
On the other hand, only a few of them actually make these compromises. Moreover, the situation with Iran is significantly more complicated than with other allies, as the IRGC has a truly powerful army and resources, although it is currently weakened due to the destruction of its proxies in the region.
In summary: I can't even approximately imagine how these negotiations will end.
It's hard to believe in a full de-escalation and a complete agreement on the nuclear deal with subsequent market growth.
$BTC After the last major collapse, the big dad went into correction and began consolidating in the 65 - 70k$ zone.
I have already written earlier that I expect a further drop into the 50 - 60k$ zone to begin potential accumulation on the spot. My theory continues to find confirmation.
Bitcoin is consolidating in a double top formation. In case of a successful consolidation below 65k$, I will open a short with potential down to the 50 - 60k zone.
Please share your scenarios in the comments, I would be happy to read them.