โ Flat calm would be the words to describe the market today. Since the pump of 15 October, linked to the fall of Tether, the market has evolved in a way that has almost never been seen before. Indeed, the fluctuations have evolved in a totally horizontal way, in a channel of only 1.13% with a variation of less than $72.
๐ Looking at the indicator curves, we can see that there is no trend.....
๐ Where will this lead us? If we don't flip a coin to give you an answer, it would seem complicated. Indeed, if one direction were privileged, the market would already have been in its direction. Here the market is waiting, checking the return of USDT, analysing the termination of the "futures" coming to an end and above all waiting for a break in this very long-term figure that started in February and is still not finished.
๐ The option that our team agreed on is the possibility of a bear trap. We could indeed see a break in the horizontal channel from below, with a decrease of up to $200 in value, before experiencing growth directly or after a period of consolidation, leaving the bearish ones behind. But in the current situation, it is impossible to give a probability to this event.
๐ News :
๐ธ We have launched the live beta-test of the trading bot for BitMEX. After opening to 20 people, the beta is open to all BitMEX members. If everything goes well, we hope to be able to put it live (production) in the coming days.
๐ธ The indicator on which the whole team worked for several weeks was (finally) integrated into our detection tool. Thanks to the entire CA team who worked hard to get it out.
๐ธ Following the MOD signal that hit the trailing stop on Binance trading bot, before pumpering, we slightly adapted the trailing-stop strategy, in order to leave more room for stocks with higher volatility.
๐ธIn addition to completing the launch of the BitMEX bot, we will start tomorrow to develop Phase 1 of the Crypto-Addicts web interface, a complete user interface where you will find all the tools to manage your portfolio, your trades, your profile and much more.
Good evening, everyone,๐
