At the close of the hourly, 4-hour, and 12-hour candles, P73 CryptoMarket Monitor would give a bullish forecast for the market. Its subscribers can confirm this. This is the MOST significant signal since the algorithm's launch.
We will highlight some signals on specific assets in the channel.
A bearish manipulation in the coming days, while possible, has a very low probability of a strong downward movement like yesterday's - now it is very questionable. As is rewriting yesterday's low.
BUT locally, in the coming hours, we do expect a correction. If we look at #BTC - there are already two marks of potential highs on the hourly timeframe and one on the 30-minute timeframe.
At the same time, the asset has transitioned into a stable uptrend. The scenario with the "Bear Flag" is definitively ruled out; it has been broken for now. The targets for the uptrend on the hourly timeframe are: 87,393$, 87,989$, 88,584$. The level of potential breakdown is 85,905$.
Understanding perfectly that locally it is most likely down, but due to the forecast from P73 CryptoMarket Monitor, we cannot rule out a sharp continuation of the rebound - we start accumulating from the current price, but with a small volume, at 1/6. Next, we place a second order at the level of potential breakdown 85,905$. Meanwhile, if the price continues to transition into uptrends on hourly timeframes - we can add higher. The main volume, as planned, will be taken when/if the price returns to a stable uptrend according to our indicator on the 3-hour timeframe.
The first position in #futures_trade was entered at #BTC at the level of 87,124.10$. Traditionally - 30 leverage.
We will think about closing at a loss only after the price goes below 85,905$ and the breakdown of the uptrend on the hourly timeframe.
Why are we taking BTC and not ETH? Because on the ETH/BTC chart on the 3-day timeframe, it is already the third mark of potential highs according to our indicator. Locally, BTC should become more profitable for this trade.
