The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Pressure on the cryptocurrency market returned yesterday after traders and investors triggered a sell-off in the U.S. stock market. As I've noted repeatedly, the correlation between these two markets has been quite significant lately. Until the situation regarding trade tariffs becomes clearer, discussing the continuation of a bullish market in risk assets, including cryptocurrencies, will be challenging.
However, despite the current pullback, I remain optimistic about the long-term prospects for cryptocurrencies. Blockchain technology continues to evolve, finding more and more applications across various industries. The growing interest in decentralized finance signals the potential of cryptocurrencies. Many experts are increasingly stating that the digital asset market could receive a substantial boost under the support of the new U.S. administration, specifically Donald Trump.
As for the intraday strategy in the crypto market, I will continue to act based on any major dips in Bitcoin and Ethereum, anticipating the continuation of the medium-term bullish trend, which has not disappeared.
Below are the conditions and strategies for short-term trading.
Scenario #1: I will buy Bitcoin today at the entry point around $84,000, targeting a rise to $85,200. At $85,200, I plan to exit the long and open a short position on a rebound.
Before a breakout buy, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory.
Scenario #2: Buying is also possible from the lower boundary at $82,900, provided there is no market reaction to a downside breakout, with a rebound toward $84,000 and $85,200.
Scenario #1: I will sell Bitcoin today at the entry point around $82,900, targeting a decline to $82,000. At $82,000, I plan to exit the short and open a long position on a rebound.
Before a breakout sell, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
Scenario #2: Selling is also possible from the upper boundary at $84,000, provided there is no market reaction to an upside breakout, targeting $82,900 and $82,000.
Scenario #1: I will buy Ethereum today at the entry point around $1,595, targeting a rise to $1,636. At $1,636, I plan to exit the long and open a short position on a rebound.
Before a breakout buy, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory.
Scenario #2: Buying is also possible from the lower boundary at $1,549, provided there is no market reaction to a downside breakout, with a rebound toward $1,595 and $1,636.
Scenario #1: I will sell Ethereum today at the entry point around $1,549, targeting a decline to $1,507. At $1,507, I plan to exit the short and open a long position on a rebound.
Before a breakout sell, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
Scenario #2: Selling is also possible from the upper boundary at $1,595, provided there is no market reaction to an upside breakout, targeting $1,549 and $1,507.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
