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TOTAL Update - Dec 10 2024Sometimes a tool as simple as parallel channel can help us identify important support/resistance zones. Looking at the chart, it's obvious that TOTAL reached 3.6T zone. Not only is this zone the area where a couple of fibs exist, but also it is indeed the upper boundary of the long term ascending channel. Higher possibility scenario is to see a drop towards 2.5T - 2.73T zone before continuing the rally towards higher level. In order to keep its bullish integrity, TOTAL must not drop below 2.28T level.
CRYPTOCAP:TOTALShort
by AlgoBotTrading
USDT.D Update - Nov 29 2024Looking at the chart, it seems USDT dominance is possibly forming a bullish consolidation pattern these days. Based on current chart's status, another drop can be expected before we see a possible strong upward move towards 4.35% - 4.70% zone. in that case, BTC can form a new ATH (102,000 - 104,000 area) before a possible strong dump towards the CME gap. It is possible that the market is going to give us a nice discount on many coins, so it is suggested to have liquidity/cash to buy the dip.
CRYPTOCAP:USDT.D
by AlgoBotTrading
BTC update - Nov 28 2024Following Trump's victory BTC showed a strong pump but failed to push through 100,000 level after many traders started to take profit near that level and subsequently BTC started to dump as predicted. After reaching 90,000 zone on Tue, BTC has been doing some price recovery for the past two days. What comes next is important. within the next couple of days If BTC continues a weak and choppy upward move, the strong dump will probably begin in the 97,000 - 99,000 zone but if we see a strong move in BTC, it is quite possible to see a new ATH (102,000 - 103,500 zone) before the strong dump. As mentioned previously, many coins will probably touch lowers level again so it is advised to have some liquidity/cash in order to buy on the discount!
Short
by AlgoBotTrading
USDT.D update (2H) - Nov 13 2024USDT dominance is preparing for an upward move. Initial confluences have already appeared on the chart. Crossing above the blue trendline shall trigger an upward move towards 4.70% pivot zone. The possible upward move shall cause BTC to drop to lower levels to fill its CME gap that is identified in the previous posts. Market is highly dangerous for opening Buy/Long positions specially given the fact that BTC dominance is already above 61%. So any drop in BTC will cause an excessive reaction in altcoins.
CRYPTOCAP:USDT.DLong
by AlgoBotTrading
TOTAL2 Update - Oct 27 2024Following previous analysis, TOTAL2 dumped and moved towards the lower trendline. Although the trendline got broken, 12H candles closed on the trendline so the mentioned trendline is still valid but 4H analysis suggests that TOTAL2 is probably gonna cross below it. TOTAL2 is facing the combined resistance of blue descending trendline and 0.618 Fib ret. of the previous drop, so it's possible to see another dump in the market over the next couple of days.
CRYPTOCAP:TOTAL2Short
by AlgoBotTrading
US Oil Update - Oct 02 2024Looking at US oil chart, it seems the chart is creating a bullish structure at the moment. Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3. The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense! A strong push through the 78.3 level can potentially lead to the higher target of 82. #USOIL
TVC:USOIL
by AlgoBotTrading
BTC update - Sep 27 2024As analyzed and predicted, #BTC precisely followed previous analysis and pushed through the resistance area of 64,600 - 65,700 zone. As a result Altcoins followed BTC's move and continued their pumps. BTC's movements need to be watched over carefully now as 69,000 - 71,100 zone is indeed the danger zone as several different resistances are present in that area and BTC needs just +5% more rise to reach there. it's high possibility that BTC shows a "strong" negative reaction by touching the mentioned zone.
by AlgoBotTrading
GOLD (XAU) analysis - Sep 26 2024Gold has been in an uptrend since early 2024 due to fundamental and Geopolitical factors. Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen. Once the top is formed and confirmed, Gold shall spend some weeks in correction phase. if we see strong push through 2700$, the next important area might be 2835$ zone. #GOLD #XAU
OANDA:XAUUSD
by AlgoBotTrading
BTC update - Sep 25 2024As stated before the 64,600 - 65,700 zone has been the important resistance zone and #BTC has been forming trading range below this zone for nearly a week now. looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the fact that the current trading range is seemingly a running correction. The positive reaction can push BTC through the resistance zone. 62,300 level is very crucial in this analysis because if BTC drops below this level, we'll see sell pressure in the market.
Long
by AlgoBotTrading