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yurou111 (OP)
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July 05, 2021, 11:50:29 AM
Merited by dragonvslinux (1)
 #1

BTC 
 
Bitcoin in the early high fall, the top test 36000 position suppression, but the top suppression force is strong, the market began to decline.  The lowest hit 34000 position line, the market gradually stabilized in the downward process, the downward force slowed down, tends to shock, in the short period of upward signs of strong upward.  Top concern 35500 line suppression, lower concern 34000 position support.  Operationally, you can use the support at 34000 to do a short long, place a long order around 34300, stop loss at 33800, and stop profit at 35200 to 35500. 

ETH 
 
Ethereum fell with the market high in the morning, the top of the highest reached 2390 position, and then under pressure to pull back, down to 2245 position, supported by the 60-day moving average, slowing down to shock, short cycle market has a strong upward momentum.  The top focus on 2350 position line suppression, the bottom focus on 2200 position support.  Operation can be more short, in the 2250 position multi - single entry, stop loss 2230 position, stop profit 2330 to 2350 position.

 LTC 
 
Litecoin morning when the same high fall, the top of the test 150 position suppression, then began to bear pressure back, at noon when the line force slowed down, the market trend is prone to shock.  In the short term, there are signs of upside.  Top focus on 145 position suppression, lower focus on 137 as the support, the operation idea of multi-single, multi-single entry near 139 position, stop loss 137 position, stop profit 145 to 150 position. 

DOT
 
Yesterday evening to the early morning market continued to rise, the highest hit 16.5 position, under pressure to pull back, the market continued to fall, the lowest hit 15.35 position, the market trend is weak, into the situation of consolidation shock.  Short - cycle, the market has signs of upward.  The top focus is on 16.5 suppression and the bottom focus is on 15.1 support.  Operating ideas on the main single, 15.3 near the single entry, stop loss 15.1 position, stop profit 16.3 to 16.5 position. 
Tytanowy Janusz
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July 07, 2021, 06:29:25 AM
 #2

BTC  
 
Bitcoin in the early high fall, the top test 36000 position suppression, but the top suppression force is strong, the market began to decline.  The lowest hit 34000 position line, the market gradually stabilized in the downward process, the downward force slowed down, tends to shock, in the short period of upward signs of strong upward.  Top concern 35500 line suppression, lower concern 34000 position support.  Operationally, you can use the support at 34000 to do a short long, place a long order around 34300, stop loss at 33800, and stop profit at 35200 to 35500.  

We are currently locked in this triangle.


We have tested resistance 7 times, support 4 times. After breakout we may see a massive price action. I would not bet for pennies inside this triangle. Especially i would not sell at 35500.

What about alts? They will fallow BTC. No need to chart them.
pooya87
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July 07, 2021, 07:10:59 AM
 #3

What about alts? They will fallow BTC. No need to chart them.
They don't really. They are just affected by what bitcoin is doing. If bitcoin price is changing they always get dumped. And whenever it is stuck in a fixed price like these days the shitcoins start pumping simply because there is no profit to be made day trading bitcoin at a fixed price like 34k but a lot of profit to be made in shitcoin pumping and as soon as bitcoin starting moving they dump those shitcoins and come back to bitcoin; which is why altcoin always dump when bitcoin moves.

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Ararbermas
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July 07, 2021, 07:58:02 AM
 #4

whenever it is stuck in a fixed price like these days the shitcoins start pumping simply because there is no profit to be made day trading bitcoin at a fixed price like 34k but a lot of profit to be made in shitcoin pumping and as soon as bitcoin starting moving they dump those shitcoins and come back to bitcoin; which is why altcoin always dump when bitcoin moves.
correct, investors became very smart on this situation of bitcoin because they're looking for alts to invest just to makes profits that's why it's common now to see that there are some alts in the market making progress despite of the situation..but see when bitcoin bump because they will going crazy to dump their alts just to ride bitcoin. Lol but its a good i dea to be honest especially on this current situation.
Tytanowy Janusz
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July 08, 2021, 08:26:30 PM
 #5

They don't really. They are just affected by what bitcoin is doing. If bitcoin price is changing they always get dumped. And whenever it is stuck in a fixed price like these days the shitcoins start pumping simply because there is no profit to be made day trading bitcoin at a fixed price like 34k but a lot of profit to be made in shitcoin pumping and as soon as bitcoin starting moving they dump those shitcoins and come back to bitcoin; which is why altcoin always dump when bitcoin moves.

When BTC goes up Alts on the BTC/ALTcoin chart dump but On ALTcoin/USD they go up ... just not as fast as BTC do. Depends on market condition.

My post was not wrong either. When I expect high volatility on BTC very soon (like the day when I wrote my post) I call TA on altcoins useless. As we see today, BTC broke support and everything is -10%. If something did not drop means it is not actively traded. If BTC would pump 10% alts would pump at least 5%.
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July 09, 2021, 04:57:31 AM
 #6

Right now there is just way too much chop. Best not to trade this at all. Remember Barts back from 2019? Well they are back and not only due to Bitmex this time. This is proof there is low activity and volume in the markets.

You really are better off waiting until it either breaks $40k or $30k for more than a day and trade in that direction. Keep in mind don’t use stop limit orders for this as those might get hunted.

I think this will happened for the entire month of July and possibly Aug as it’s the summer slowdown. People are on vacation and nobody wants to trade these days.
Dhaniii
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July 09, 2021, 05:08:51 AM
 #7

The current volatility makes bitcoin analysts confused, bro. They can still change views quickly when there is Bullish or Bearish. Multiple Indicators and metrics keep analysts in the Crypto market ever-changing. This could trigger the FUD in a different direction due to the reaction from the current market.

This period shows that the Bullish will continue to extend the consolidation until when. Obviously it can be confusing, some of the negative news outweighs the positive news. I think now everyone has an even bigger negative view.

leea-1334
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July 09, 2021, 05:58:30 AM
 #8

The current volatility makes bitcoin analysts confused, bro. They can still change views quickly when there is Bullish or Bearish. Multiple Indicators and metrics keep analysts in the Crypto market ever-changing. This could trigger the FUD in a different direction due to the reaction from the current market.

This period shows that the Bullish will continue to extend the consolidation until when. Obviously it can be confusing, some of the negative news outweighs the positive news. I think now everyone has an even bigger negative view.

Current volatility? Bitcoin has been sideways for quite a while now and trading in a tight range with 30k support and 35k resistance. I would say if this period is confusing them,,, what more other periods during extreme rallies and retracements?

Analysts are always constantly changing depending on the numbers (and depending on how long or how deep they dig). There will never be a non-confused analysis;)

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pooya87
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July 09, 2021, 05:59:19 AM
 #9

They don't really. They are just affected by what bitcoin is doing. If bitcoin price is changing they always get dumped. And whenever it is stuck in a fixed price like these days the shitcoins start pumping simply because there is no profit to be made day trading bitcoin at a fixed price like 34k but a lot of profit to be made in shitcoin pumping and as soon as bitcoin starting moving they dump those shitcoins and come back to bitcoin; which is why altcoin always dump when bitcoin moves.

When BTC goes up Alts on the BTC/ALTcoin chart dump but On ALTcoin/USD they go up ... just not as fast as BTC do. Depends on market condition.

My post was not wrong either. When I expect high volatility on BTC very soon (like the day when I wrote my post) I call TA on altcoins useless. As we see today, BTC broke support and everything is -10%. If something did not drop means it is not actively traded. If BTC would pump 10% alts would pump at least 5%.
That's just because of the large army of arbitrage trading bots working tirelessly between altcoins and bitcoin in a 3-way arbitrage game, essentially by buying the shitcoin with bitcoin and selling it for fiat to close the gap as the shitcoin get dumped against bitcoin hard. Otherwise I wouldn't call that a "5% pump".

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