Trading_Paradise

Trading_Paradise

1) Macro Overview (USDT Dominance): - We’ve just broken above 4.38% on USDT Dominance, a key resistance level. - As long as USDT Dominance remains above 4.38%, it suggests a potential start to a broader bear market. - A drop back below 4.38% and the Yearly Open would invalidate this bearish scenario. 2) BNB Technicals: - BNB’s chart structure looks weak and...

Trading_Paradise

Hello Traders, The CRYPTOCAP:USDT dominance chart is IMO the most important chart to watch, not only now, but on daily basis. It helped me to predict all the major moves, for example: When it reached the 3.82% level we had: 1) End of March 2022 ( last push before the bear market) 2) End of March 2024 (local top and huge correction move) 3) Recently December...

Trading_Paradise

Current Indicators: Weekly Support: We are currently above the weekly support level at $0.03474. Yellow Diagonal Support Trendline: The price is holding above the yellow diagonal support trendline. Accumulation Zone: We've had 52 days of price accumulation, with the price bouncing within a range. Momentum Indicator: The "Squeeze Momentum TD - A Revisited Version...

Trading_Paradise

Overview: The recent surge in Bitcoin could soon translate into buying pressure for altcoins. Let's focus on NSE:UMA using the 1D chart. Bull Flag Formation: UMA is currently forming a clear bull flag pattern, indicating a potential breakout. If it materializes, we could witness an explosive 186% move. Although it might seem far-fetched, such occurrences are...

Trading_Paradise

Hello traders! 👋 Let's dive into a technical analysis of Trust Wallet Token (TWT). Chart Analysis: TWT 14 October 2023, reclaimed a crucial 1-week level at $1.0342 (green line). This led to an impressive impulsive move, reaching highs of $1.70 to $1.80, creating liquidity and notable inefficiency in the market. Despite a subsequent retracement, the price...

Trading_Paradise

Hello Traders, Introduction: The crypto market is a fertile ground for traders who know where to look. Today, our focus is on the SAND/USDT Perpetual pair on Bybit, specifically on its 1d chart. An interesting long setup seems to be developing. Body: Key Support Reclaimed: The price recently reclaimed a significant support level at $0.3805. This development...

Trading_Paradise

Hello Traders, Spotting early signs of a potential bounce is crucial for reaping significant gains. One such possibility seems to be emerging on the ETH/USD.P 1d chart on Bybit. In this analysis, we'll explore why ETH may be poised for a bullish reversal and why traders should keep a close eye on this pair. Key factors: Point of Control (POC): We find ourselves...

Trading_Paradise

Hello Traders, Looking at the 1D chart for BTC/USDT on Bybit, the 24,800K - 25K area stands out. This zone was once a formidable resistance level that was never truly tested as a support. Around 10/11 days ago, we witnessed a near 8% bounce, driven by two significant bullish RSI divergences (Big green circles), a MACD cross up (M↑), and a DMI cross up (D+)....

Trading_Paradise

Hello Traders, FTM/USDT has been on a strong downtrend on the daily chart, but there are potential bullish signs emerging as we approach some key levels: Strong Support Level: The price is nearing a significant support level at $0.2907. This level has acted as a reliable foundation in the past and might once again provide a strong bounce for the price. Untapped...

Trading_Paradise

Greetings traders! I would like to bring your attention to a notable chart pattern forming on the ATOM/USDT 1D chart. The price has been consolidating within a significant falling wedge pattern, which is yet to experience a breakout. It is essential to closely monitor this pattern as it has the potential for a significant price movement. Key...