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!
Bitcoin has declined after several unsuccessful attempts yesterday to consolidate above the $70,000 level. Ethereum also dropped below the $2,100 mark, indicating ongoing pressure due to uncertainty regarding the situation in the Middle East.
Meanwhile, BitMine, led by Tom Lee from Fundstrat, continues to actively expand its digital asset portfolios. Last week, 71,252 ETH were acquired, significantly increasing their Ethereum holdings. The company's balance now stands at an impressive 4.803 million ETH. This volume is equivalent to approximately 3.98% of the total supply of this cryptocurrency, underscoring BitMine's serious intentions regarding Ethereum.
Michael Saylor's company, Strategy, known for its insightful investment strategies, is also actively increasing its positions in the digital asset market. Last week, the company made another large purchase, adding 4,871 Bitcoins to its portfolio. This transaction reflects Strategy's sustained confidence in the long-term potential of the first cryptocurrency. This acquisition is part of the company's ongoing policy of increasing its stake in Bitcoin. Against the backdrop of current market conditions, characterized by high volatility and substantial growth opportunities, Strategy LLC demonstrates a determination to capitalize on prevailing conditions. The total volume of accumulated Bitcoins now strengthens the company's position as a significant holder of this asset, which may influence market sentiment and price formation.
As for the intraday strategy in the cryptocurrency market, I will continue to act on significant pullbacks in Bitcoin and Ethereum, with the expectation of an ongoing bullish market in the long term, which has not disappeared.
Regarding short-term trading, the strategy and conditions are outlined below.
Scenario #1: I will buy Bitcoin today upon reaching an entry point around $69,000, with a target of $69,600. Around $69,600, I will exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
Scenario #2: I can buy Bitcoin at the lower boundary of $68,400 if there is no market reaction to its breakout back to $69,000 and $69,600.
Scenario #1: I will sell Bitcoin today upon reaching an entry point around $68,400, with a target of a drop to $67,700. Around $67,700, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.
Scenario #2: I can sell Bitcoin at the upper boundary of $69,000 if there is no market reaction to its breakout back to $68,400 and $67,700.
Scenario #1: I will buy Ethereum today upon reaching an entry point around $2,107, with a target of $2,126. Around $2,126, I will exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
Scenario #2: I can buy Ethereum at the lower boundary of $2,091 if there is no market reaction to its breakout back to $2,107 and $2,126.
Scenario #1: I will sell Ethereum today upon reaching an entry point around $2,091 with a target for the drop to $2,069. Around $2,069, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.
Scenario #2: I can sell Ethereum at the upper boundary of $2,107 if there is no market reaction to its breakout back to $2,091 and $2,069.
*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.
