SJ Crypto

$BTC Trend No Longer Continues, Down Expectations Magnify!

From the point of view of the K-line form, the current BTC hourly K-line has no longer continued to maintain an upward trend, and has gradually begun to have downward signs.

Especially in the previous upward trend, the actual long and short game is more intense, the upper and lower shadow lines are very much

With indicators MACD also shows that will be dead fork, is currently in the multi-confirmed callback state, in the small cycle has begun to turn the head down

Initial callback support looks at two integers: 43000 & 42500

The $DOT , which is all the way up by the inscription market, may have to enter a pullback briefly.

Remember a word: The correction is for a better healthy rise, because in the short term the gainers want to clear their profits and leave, which is the root cause of a correction during an uptrend.

If the market directly rise without callback, can only prove that market sentiment is very fomo or even overheating, this market once a callback, amplitude modulation depth will be very large.

Obviously, the current $DOT staged callback is more in line with market expectations, the initial callback support price ah 7.9-8 range

The overall performance of $ETH is weaker than $BTC , and if the subsequent breakthrough fails, where will the price go?

At the moment ETH is again at the key resistance price 2250, which has been hit several times recently, but even if the impact is successful, there is a stronger resistance pattern above it.

Prior to the emergence of the 15th approximate "M" top short form, the resistance is not small

Based on the trend line, if this can not break through the success, the price back to the lower edge of the trend line or a relatively strong expectation, price: 2180

In fact, the conservative point does not need to guess the direction, pay attention to the current $ETH change will know, but even if the breakthrough, I do not recommend doing long, this range to beat it down the certainty is higher than to do long
#BinanceTournament

$BTC may not be able to stand at the price of 44000 😤

A quick pullback may occur in a small cycle, because the resistance to the uptrend is very large whenever the price of an integer is encountered, which is determined by the market consensus and the historical price of the past.

Indicators are not very fast response, only know that the 5-minute cycle of MACD indicators have begun to turn down the head

If you choose to trade at this time, pay attention to the position size, this is a trade to the left, below the first support price at 43650
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$BTC Breaks Down Trend Line to Rise, Now Meets Resistance Again, Where Is The Support Price?

Continuation of the previous analysis, BTC broke through the 41800 downtrend line resistance to open a round of rising prices, but the current disk to a small cycle, is a certain callback expected

The small-cycle MACD indicator has initially died, while the 1H cycle RSI indicator has signs of falling from overbought areas.

Based on Fibonacci measurement and structural support market retracement, support price in the 42400-42600 range
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Where will $BTC go next? Continue to fall or go rebound market?

The current BTC still has a certain rebound space, in front of the support price of 41000 to stop continuing to fall near the back of the rebound is more in line with expectations

As for whether it will reverse the trend, or see whether further downtrend lines will be destroyed, the key price range 41600-41750

This range is not only the structural resistance, but also the downtrend line, as well as the rebound resistance of the 0.382 downtrend Fibonacci backtest.

At present, the hour K line MACD has been a preliminary golden fork, is a bull signal, but because the position is located in the 0 axis and not a small distance, so it is conservative to see the rebound

Key Round Price: 41600
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$TIA ecosystem is getting some bad news (code plagiarism), which is likely to affect TIA's secondary market price volatility

At least emotionally, and it seems like the market hasn't reacted yet. Be aware of your position risk.

At present, the technical indicators of the small cycle has turned, 1H cycle can still be seen as in the down channel, the previous volume amplification has not successfully broken through the trend resistance, closed a longer shadow line.

The lower support of the descending channel is 12.6
#BinanceTournament

$ETH Long Form Is About to Be Completed! Keep an eye on 2260 Key Price!

The weekend volatility of $ETH is not too big and can be used as an ambush trading strategy, as the current $ETH is a "head and shoulders" long form (1H cycle).

This is a strong bull form, the current upper resistance is also very close, in the 2260 resistance price stuck, transferred to the 4H cycle to see, indicators are also turning to good signs

The support below is sufficient, the price of the ambush game is good enough, even if it is a breakthrough OK, conservative to do a breakthrough market 2260, radical to do ambush strategy

2260！ 2260！ 2260！ The key price is repeated three times!
#BinanceTournament

What is the #BONK follow-up? Is it worth trading? $BONK

In fact, I do not know why this token, including the recent tokens are, may be because there is a certain market heat? But it's not very high. 🤔

We have a look at the trend, after the listing there is a round of price rush, then go down the market, other indicators have not yet shown, light K line form is not optimistic

Based on the Fibonacci calculation, the current price is in the downtrend of 0.382 rebound position, there is a great possibility to continue the trend to go down

As I said before, it is difficult to do technical analysis on newly listed tokens because market sentiment is hard to quantify.

But just in time to catch up with the overall decline in the market, this time the mood is still a little more rational, at least not so fanatical

So technical analysis can also be used as a reference at this time. 😁
#BinanceTournament

$GAS IS VERY DANGEROUS NOW! Some of the more certain down patterns have appeared! Be careful of risk!

Note that the current MACD indicators and the trend of market prices have deviated from the situation, the market is very likely to appear behind the fall market, while the MACD also has the potential to die fork form

Most importantly, in front of an hour K line appeared in the short form of pinbar, meaning the buyer's power to the seller's back pressure

The current GAS has begun to test the trend line, once the continued volume breakthrough, there will be a relatively large decline

📍 $IOST Market News Isn't Rosy

The inscription of #IOST caused a lot of anger in the market, which led to an immediate reversal of the rising trend.

At present, even at the 0.618 Fibonacci support level, it is estimated that it is difficult to complete the support, because not only the MACD indicator gives the dead fork form, the current 0.618 support is also just in the rising trend line.

Once the superposition of this form is broken, it will accelerate the speed of its decline, the IOST inscription market has become a foregone conclusion, and it is difficult to form any reversal on the news surface.

However, the overall market value is small, please pay attention to volatility risk
#BinanceTournament

🩸Attention to risk!

$ORDI buyer force is relatively weak, unable to break through the previous high price resistance, into the retracement market...

Although the ORDI showed a short-term uptrend, it was clear that the bulls could not break through the short-term high of 58.

The indicators also show signs of a minor cycle turn, at least for a short period of retracement, with prices in the 50-52 range providing short-term support.

Trading profit and loss ratio is very general, this retracement market I do not recommend you to participate in, because the front of the K-line there is a very long shadow line, it is the buyer's power to test the area, the current price is difficult to put the stop loss 😳
#BinanceTournament

View on the current $BTC market:

The current hour cycle of the K line completed the previous judgment of the triangle convergence relay form of breakthrough, once after the encounter in front of the structural resistance caused by the trend can not continue

Trading volume is normal for the time being, because the buyer's power does not look like a sudden malaise, so the strategy can consider the transaction price of the second degree of red

The price range can be in the vicinity of 42300, just in the index + K-line form of support, the position on the left side of the ambush up the ability to fight, from the point of view is good profit and loss ratio

(In a strong market, the correction will only reach 0.382.)
#BinanceTournament

Is $JTO worth holding long term?

First, from a technical analysis perspective, at least I will tell you responsibly: technical analysis cannot guide you on whether a newly listed token is worth holding for the long term.

Because technical analysis itself is the analysis of historical repetition and current market behavior, the newly listed tokens not only have no history, but the current market behavior has a very heavy emotional tendency.

If you want to analyze $JTO from a fundamental perspective, I don't think it makes much sense. I think there is one factor that affects whether you hold $JTO for a long time:

📍 Are you optimistic about the #Solana📈🚀🌐 ecosystem itself?

This is a question that needs to be explored on its own, because SOL itself did well in the last bull market, but with the influence of SBF, there is too much uncertainty about whether it will be able to continue to lead the market in the future

From the perspective of infrastructure, I actually prefer to bet on some new L1 or L2

If you are a participant in the on-chain ecosystem, you can judge for yourself whether Solana's ecosystem has the ability to compete with the Ethereum ecosystem, and if so, continue to hold #JTO ;

And if there is no....... 🤔

📍A lot of data news this week, waiting for $BTC to give direction

Before our analysis of $BTC is this week is down, the results have come true, so the basic operation of this week is to find opportunities in the small cycle to go short

However, due to the release of various data this week, which will bring greater uncertainties to the volatility of the market, the current BTC K line form there is an equilateral triangle convergence.

This is on behalf of the long and short game has entered a stalemate, on the one hand, long and short forces are waiting for data release to guide the direction, on the other hand, it is also a "truce state."

Because the current volume is still small, if you are not good at doing this kind of news market, you can temporarily not trade and wait and see (because you may have missed the biggest decline in the week).
#BinanceTournament

📍 Will $SOL go up or down next? Will the trend continue?

The current SOL to see the one-hour cycle is not enough, cut to the 4H cycle in order to see the full short-term disk trend

The current price is still a little distance from the previous support structure, the downtrend is constantly strengthening, but eventually I believe it will stay in the vicinity of 62 this price to do long and short power game.

So if you want to consider trading $SOL , then in front of the support structure area to consider doing rebound market, is more cost-effective and more secure transactions

But the current price is still a little bit further from that range. That doesn't mean you have to leverage to go short. There are always opportunities to trade. Wait for the 52-53.5 range before you consider trading.
#BinanceTournament

📍 Affected by the $1000SATS to pull up the $ORDI into the pullback state, the next development?

In fact, to consider whether the listing of # sats will attract the original ORDI funds on Binance, there is such a view in the market, in fact, I think this statement is quite reliable, at least compared to ORDI, SATS at least not so empty.

In addition, from the perspective of technical analysis, the amount of ORDI energy is also decreasing, MACD has the possibility of a dead fork, RSI also fell from the overbought range, showing some signs of decline

Now it's time to focus on the current support at 53. It's a bit cheap to go short and see if 53 continues the trend. It's important because 53 has a lot of support just ahead of it.

Or we're on our way to the next support price of 50. 🙃
#BinanceTournament

$JTO Should You Continue to Care?

As one of the hottest tokens on the secondary market in recent times, it is clearly not doing much better as the broader market goes down

Especially now, although it temporarily broke the downtrend and broke the downtrend line ahead, obviously the strength of the breakthrough is very small.

Plus the strong resistance area between 3.3 and 3.5, I would rather trade the target than do anything else.

We look at the smaller cycles, which are also showing the first signs of decline, and it is clear that the buyer does not have the strength to penetrate the resistance ahead.

The RSI indicator in the chart of the current cycle (1H) is also in line with the turn of the head down.

Those who are still in positions pay attention to the risk
#AVAX

📍Analyze $JASMY

On the current chart, it can be defined in my system as an "untradeable option."

We look at the indicators, the overall trend is relatively chaotic (not just the MACD indicators) represents the short-term rule of capital game in the market is difficult to capture

At present the price is in the support area, even if the long will be more cost-effective, I also suggest that you abandon this target and choose other.

On the market heat, there are better choices in the market; On the market trend, the market has a higher degree of certainty;

Of course, this is a short-term technical analysis, and it does not constitute a recommendation for your long-term holding and trading behavior.
#BinanceTournament

My friends, I can help you with technical analysis, you can tell me in the comments section what kind of coin you want to see the market analysis

Stay tuned, I'll make time to update my analysis 👋🏻

The chart shows $ETH , but this article does not do specific analysis, it will be in the next article!
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