Let me give you some practical market update outside the technical analysis 📊
We are in October month now If you remember the last $BTC crash 1 year ago then we are just 5 days away from that curse day.
Technically Bitcoin is showing strength but it doesn't matter if there is not enough volume in the market to push this price.
October crash has liquidated many whales and big accounts as many of us don't really use stoploss on trades so the emptiness in the void still remains.
Now we have enter this same curse month and you can already see altcoins showing bearish trend as traders are very afraid to open new trades.
If you are a newbie obserrve the market and wait for the next few days.
October 10th is the curse day when this day comes market might react differently so manage risk for that.
Clean follow-through from the 1.05 rejection, with sellers staying in control all the way down through the 200 EMA.
TP1: ✅ TP2: ✅ TP3: ✅ TP4: ✅
book profit now
NIGHTEYE
·
--
Bearish
$RLC rejected hard from the highs, breakdown possible - Open short now 🔴
Price got sold off from the 1.05 resistance and is now sitting right on the 50 EMA and the support line near 0.86-0.90$.A close below that opens the way down to the 0.75 bounce zone and then the 200 EMA around 0.65.
$CAP holding the 50 EMA after the spike pullback - Looking for long 🟢 Entry- 0.083-0.085 SL- 0.078 TP- 0.0870-0.09-0.0920-0.095
Buyers defended the 50 EMA at 0.0829 on the last dip and price is printing higher lows back toward 0.087.A push through the 0.092 lower high opens the way to the SuperTrend line near 0.0959.
$RLC rejected hard from the highs, breakdown possible - Open short now 🔴
Price got sold off from the 1.05 resistance and is now sitting right on the 50 EMA and the support line near 0.86-0.90$.A close below that opens the way down to the 0.75 bounce zone and then the 200 EMA around 0.65.
$US rejected near 0.015 and rolling over - Looking for short 🔴
Sellers have capped the push at 0.015 twice with long upper wicks, and price is now sliding back toward the 200 EMA at 0.0137. A close below that EMA opens the way down to the 50 EMA near 0.0129.
$MARSCOIN holding the 200 EMA after the range-low bounce - Looking for long 🟢
Price bounced off the 0.0985 range low and is sitting on the 200 EMA at 0.1077, with the 50 EMA rising underneath at 0.1065.A push through the 0.111 swing high opens the way to the 0.114 range top, and a breakout there points to 0.12.
$RLC rejected hard from the highs, breakdown possible - Open short now 🔴
Price got sold off from the 1.05 resistance and is now sitting right on the 50 EMA and the support line near 0.86-0.90$.A close below that opens the way down to the 0.75 bounce zone and then the 200 EMA around 0.65.
$HYPE holding the range floor again - Look for long on the dip 🟢
Buyers have defended 92$ twice and the rising support line sits just below at 90.A reclaim of 93 opens the way back to the 95 lower high and the range top near 97$ .