We have been experiencing a lateral phase for 11 days now which is between the area of around 46000 and 49800. 46000 represents the first Fibonacci retracement from the rise that began on 20 July. It is essential not to break this support in order not to test the levels of 44000 and 42500. The positive news is there and I believe that we are experiencing a phase of accumulation. The dominance of BTC is at 41.5%, it continues to fall and the altcoins season could start (see my previous article). The Fear and Greed index is at 73. The probability that this phase continues today is quite high so long 46200 short 49900. Eth is detaching itself from the trend of BTC in fact ETH / BTC is rising and it could be a good idea to trading.
Meanwhile, I enter the levels for an intraday trading of BTC and ETH. Happy trading everyone.
Chart from tradingview.com
Log in to Publish0x:
https://www.publish0x.com/?a=oQeZ4DR6bp
Register an account on Binance to get a 5% discount on commissions forever and other advantages that you will discover by contacting me [email protected] Enter Binance ID and I will log you into a dedicated telegram channel. https://www.binance.com/it/register?ref=NG0GOL6H
Follow me on Telegram for more details during the day, it's free and not just crypto, test my signals https://t.me/joinchat/_J8vQO5jNPBlYTg0
Join NOISE and earn BCH every day: https://noise.cash/u/trade60
Join the telegram group: https://t.me/joinchat/RBBEU18DOIw2NjI0
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
Contact me if you want: [email protected]
Thanks for reading
