Mitch Ray
Crypto Technical Analysis with Mitch Ray is your # 1 Source for Trade Setups , Market Updates.
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HIT TP2 6️⃣1️⃣ PIPS !
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looks ready for a monster breakout🚀
Descending triangle looking ready for a breakout ✌️
Buy and hold for maximum profits 😊
PREDICTIONS ARE UP!!! 📊
On the higher time frame, DAILY & H4, you can see that we are closing in on a strong resistance.
It is a point where there is a strong seller present, as usual we need to monitor the reaction as it will gradually shift the momentum from a buy to the sell.
Even then, we cannot justify a change in direction until the analysis is fully aligned with the current price action when it touches that area.
That’s where I come in to analyse the reaction it gives. I will only give out QUALITY approaches.
When the signals pop out you have to blow the market up with your trades, don’t miss on the opportunity LEGENDS!!! 💥
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Morning, traders! It's time to gear up for another successful day in the market. Let's conquer the trading world once again.
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Close first entry and hold layer with breakeven!
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- A lot of excitement on a small 3.5% candle that still brings us to the top of the range. The real fun was playing the actual big moves. Close above this range then you can get excited
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2D
FLM is trading within a descending wedge.
Currently, it is rejecting the resistance of the descending wedge, the 200-day moving average (MA), and the Ichimoku cloud.
The MACD crossover is indicating bullish momentum.
A solid breakout from the descending wedge would be a confirmation of an upward move, while in case of rejection, it would further consolidate within the descending wedge.
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BTC analysis as given in live stream
/USDT 1D
BTC has bounced nicely off the trendline and horizontal support. Bullish divergence in action. The 50-day moving average (MA) and descending trendline are acting as resistance.
A solid breakthrough of the descending trendline and the 50-day MA will confirm a strong bullish rally in the market.
❗As Bitcoin rises, so does open interest.
Given the positive funding rates, we can say that a lot of long positions opened in pursuit of the price.
In addition, many markets are closed during the long weekend, which usually leads to lower liquidity.
First target smashed 🔥💪🏻
Second target smashed 🔥💪🏻
/USDT UPDATE:
is now trading around 27.8k. Bitcoin is moving inside a downtrend channel on the daily time frame. So the Possible scenarios are If the price breaks out the channel after getting pumped and gives daily close then we can see pump in bitcoin according to the pattern. Otherwise If the price rejects from the upper resistance line of the channel, the price may move towards the lower support trendline. Now wait for break out of channel to confirm bullish sign. Stay tuned with us for further updates ✅
COIN NAME: /USDT
LONG SET-UP
Three Targets done nicely🔥
Target 1: 0.4800$✅
Target 2: 0.4900$✅
Target 3: 0.5000$✅
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Three Short Term Targets destroyed perfectly
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61pips my bruhhh,close half layer now,hold make breakeven🥰
/USDT ANALYSIS
MULTI bounced from the ascending trendline and the horizontal support with a good volume. RSI is in the extremely oversold region and displaying hidden bullish divergence. A bullish trend is expected for however long it is trading above the demand zone.
COIN NAME: /USDT
LONG SET-UP
Two Targets done nicely🔥
Target 1: 0.05320$✅
Target 2: 0.05420$✅
50% Profits booked with 10x Lev🤑
Two Short Term Targets destroyed perfectly
Our VIP members always caught every move and made good profits.This is the accuracy of our VIP group. So Join our premium and making continuous profits.
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Cheers to all VIP members🥂🥂
Finnifty is showing weak selling and following this trendline.
If this trendline breaks either it will give a strong breakout or trap buyers to fall more.
Whatever the outcome plan your trades after this trendline breaks
http://morefxtrading.online
Nifty is consolidating in this range
Market can give big move today because of finnifty expiry
Option chain has more CE short positions.
BTC reversals are that simple.
"Simplicity is the ultimate sophistication" as Leonardo da Vinci would say.
My bad ! Not entry at top zone. cut first, but we should wait for the zone at bottom
At that zone , im very sure price reject like always. Wait for my command 💪🏻
Banknifty looks range bound
Taking support from trendline but there is resistance at 44,000.
Lets wait for range breakout
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UPDATE
Fully elaborated configuration✅
+60.53% profit💰
Morning trap ✅
Market took a pull back and now going down again overall sentiment is bearish
18200 is support
CRYPTO INDEX
Nasdaq pumped strong after the successful breakout and retest of the descending wedge and broke the structure by breaking the strong past high.
MA 50 is acting as support and the Ichimoku cloud is showing an uptrend. An effective retest above horizontal support would be a signal of another bullish market.
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Banknifty opening is also indecision but its trading above resistance and has given breakout.
You can use morning trap strategy in banknifty too.
If you want to long then wait for a market structure and enter in higher low.
Will come live by 10:15
Nifty has made indecision opening and is trading on resistance level
Best scenario can be if market makes a morning trap strategy scenario.
Simply trend resistance and support.