PINE_LABS

PINE_LABS

Strong weekly support at $56,000-$54,927 has been respected on several occasions. This suggests accumulation of buyers in that area and the possibility of a bullish rebound. Recent candles indicate a double bottom and little selling pressure, reinforcing the idea of a potential rise towards $58,000 or higher. However, if the support is broken, the price could look...

PINE_LABS

The sell signal is triggered when the price falls below the lower bounds of both channels, indicating strong bearish pressure. Specifically: Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones. Breaking the lower bound: When the price breaks below the...

PINE_LABS

The sell signal has just been activated. We need to wait for this candle to close below the previous one. Specifically: The sell signal is triggered when the price falls below the lower bounds of both channels, indicating strong bearish pressure. Specifically: Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a...

PINE_LABS

The Sell signal from our Algorithm has been triggered. Now, we just wait for the retest back to the Kernel divergence and confirmation, with a maximum of three candles. If the candle closes above the Kernel, the Short will not be executed. Once confirmed, we will enter the trade. We consider the Triple Bottom formed in this same candle to be very important, so a...

PINE_LABS

"If the Divergence of the 'Quadratic Kernel with Quadratic Divergence' breaks downwards, we will enter a Short position immediately. We will notify where to place the SL. For now, it has already made an attempt but was rejected.

PINE_LABS

If we manage to break the resistance in the 30 min timeframe and it is retested we will go Long

PINE_LABS

We observe resistance in this candle on the 30-minute, 15-minute, and 5-minute time frames. If we manage to close above it and retest within the range of $61,600 to $63,255, we could have a clear path back to $69,000. A pullback of at least 3-4% could be possible without raising alarms before continuing the upward movement from this point.

PINE_LABS

"Let's take advantage of the previous session's retracement"

PINE_LABS

We observe in multiple timeframes of the regression line the importance of this level, which, if broken to the downside, would lead to a free fall to the next zone.

PINE_LABS

We found a large support area, we expect a new retest and are considering a long entry."

PINE_LABS

Price Reaction: If the price bounces off the marked support area, we can expect it to rise towards the upper range of the linear regression channel, reaching levels between $235 and $245 in the medium term. Precautions: It is important to monitor the price behavior in the support zone ($215 - $220). A break below this level could invalidate the bullish scenario...

PINE_LABS

Suggested Short Entry Point: The chart indicates a recommended short entry point around 1.28671. The risk/reward ratio is favorable at 3.65, suggesting that for each unit of risk, a gain of 3.65 units is expected. Minor Pullbacks: It is advised to consider entries on minor pullbacks. This means waiting for a small upward price movement before continuing the...

PINE_LABS

High probability that the price will reach the target of 66,148 USDT in the next few hours. Consider entries on minor pullbacks with a tight stop loss above 68,000 USDT. Targets in the range of $66,148-65,244.

PINE_LABS

Let's keep an eye on the BTCUSTD.P level at $57,294-58,230. If this level is broken to the upside, we can expect a rise at least to the resistance of the channel at $60,147 to $60,500. On the other hand, if the $56,354 level is lost and the candle closes below it, we can expect a drop to the level of $54,877 to $52,225. (30min)

PINE_LABS

"We remain watchful in case the current candle breaks our bullish channel, but overall the trend continues upwards =)"

PINE_LABS

Pay attention to the movement of BTC, it has broken an important level:

PINE_LABS

it's reaching key levels. On the 3-day timeframe, it's about to reach the 0% Fibonacci level, and on the weekly timeframe, it's just above it, but there's still some way to go before its closure. "3D":