ORDIUSDTtrade idea on ORDIUSDT.P, taking entry after price takes out inducement targeting the previous swing high for take profit and the swing low of the structure below the inducement for stoloss
ORDIUSDT.P trade ideas
Bullish on ORDII am Bullish on ORDI, It's kind of a proxy play to BTC but I feel it has more upside.
In my chart you well see not only the T.A. supports a bullish case but the fact that it seems the miners or starting to see the kind of TX fees they can make on top of BTC rewards. In a side note I feel that TX fees can reduce selling pressure for BTC that can make the price go up because less BTC is on the market, but it could make the price go down; because the miners can stay whole with out having to get top dollar for BTC. Anyways; If you notice in the chart not only the T.A. is bullish, and if in fact; it's a proxy play to BTC the then time to hold any BRC-20s is from 12\25\23 in to 1\15\24 do to the ETF hype that may come from now to the middle of January. So PLZ let me know what you think of my take.
P.s. The green bars are one option, and the yellow are another.
ORDI short
Dubble top and trade volume is decreased with -46% change 24h
first target 30 USD
stop loss 10% on 55 USD
Ordinals (ORDI) BTC up, ORDI upOrdinals (ORDI) is a cryptocurrency that works on a technology called Ordinals Protocol and brings NFT (Non-Fungible Token) capability to the Bitcoin blockchain. This protocol allows various information such as text, images, audio and video to be added to Satoshi, the smallest unit of Bitcoin.
ORDI/USDT is in a bullish trend.Based on the chart, there are several bullish patterns that could suggest the price of BINANCE:ORDIUSDT is poised for further upward movement. Here are a few indicators:
Ascending Triangle : The price action is forming an ascending triangle, which is a continuation pattern that typically indicates a potential breakout to the upside.
Rising Volume: The volume of trading has been increasing over the past few hours, which often accompanies bullish breakouts.
Price Breaking Above Support : The price has recently broken above a key support level at 48.905 USDT. This level was previously acting as a constraint on the uptrend, and its breakout suggests that the upward movement may have gained momentum. If the price can sustain its gains above this level, it could further bolster the bullish sentiment.
In the event of an upward breakout, the target price ranges from $105 to $110.
Good Luck
✴️ Ordinals | Grows 2,337% In 86 DaysI love Ordinals.
I love everything Bitcoin.
Here we have a very interesting chart for an amazing project.
You can ignore the wave count on the left as this is a complex correction, the count there is for appearance only. When it comes to the predictive power of the Elliot Wave Theory system, we have enough when we can spot a perfect 5-wave count.
This 5-wave count can be seen perfectly depicted here as a 5-up wave.
👉 Ordinals (ORDIUSDT) grew 2,337% within 86 days.
The peak 6-December is likely the top based on the simple fact that we already experienced massive growth.
We have the 5-wave count, highest volume on wave 3, check; decreasing volume and finally a bearish cross on the MACD:
➖ Bearish cross as the MACD comes down from an All-Time High.
The RSI peaked 7-Nov which means we have a months long bearish divergence as well...
This is all pretty standard.
If the correction turns into an irregular one there can be a slight higher high before lower prices. Regardless of the near short-term, a correction is expected to develop within 1-3 weeks maximum but in truth it is already happening.
Thank you for reading.
Namaste.
Where to buy ORDI safely?This idea is not a call for shorting at all. The market is still quite strong, at least at the time of writing this idea.
This idea should be viewed as a warning that the price of ORDIUSDT has risen strongly in recent months.
Consolidation has been going on during December, and the delta of trading shows that sales are prevailing in this consolidation.
The bounce up from support is weaker each time.
If ORDI fails below $48, it will open the way for the price to fall to one of the three targets:
1) $35-36
2) $26-27
3) $20-21
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ORDI looks bearishLooking at the ORDI waves, we seem to be in a contractionary reverse triangle.
Now we seem to be in wave e of C of this triangle.
We expect to move from the red box to complete waves D and E and then fall to the FVG range.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
THIS IS RENGE in short-term (ORDI)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Currently, we are in a range and we can trade bilaterally, but since this currency is considered risky, we should enter with caution.
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
#ORDI/USDT Long 𝗘ntry : 51.2 _ 49.0
Targets𝘀 :
60 _ 70 _ 75 _ 82 _ 95++
🚫 𝗦𝗧𝗢𝗣 𝗟𝗢𝗦𝗦 : 45.0
BINANCE:ORDIUSDT.P
still upDO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
ORDI-waiting for C correction to end then it finishes the 5th wORDI is in 4h correction in C wave, it's potential for an x2 in near time
#ORDI 42 USD On The Way..#ORDI 42 USD On The Way..
ORDIUSDT will go to low side box For Making New ATH..
ORDI completed setup for upto 24.50 pumpHey dear friends, hope you are well, and welcome to the new trade setup of ORDI with US Dollar pair.
Recently we caught almost 270% pump of ORDI as below:
Now on a 2-hr time frame, ORDI formed a bullish BAT setup for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ORDI next goalGrowing slowly and uncertainly compared to previous impulses. On the short chart, there is an upward trend... I hope
ORDI lets gowe had big curve and breakout bottom, created channel, up to retest curve, now wedge ... in summary lets go to 100-150 to end year and much more later :P
ORD/USDT ShortSeeing tweaking in ORD/USDT, Path was unable to break the resistance of draw. Taking a small risk with 10x leverage
Mock Up Price Action for ORDI | Mid Term (12HR)Mock Up Price Action for ORDI | Mid Term (12HR)
- This is what I'm hoping for!
💻 Ordi (ORDI) Analysis: Range Holding, Accumulation Spot.An analysis of Ordi (ORDI) suggests range holding, a potential accumulation spot, and identifies key levels, offering insights for market participants.
Key Insights:
Range Holding: Ordi is observed to be starting to hold a range low at $42.5 to $46.
Accumulation Spot: The analysis highlights that holding this range low could present a favorable spot for accumulation.
Key Levels: A hard stop is suggested at $36.88, with this level considered significant in risk management.
Ordi has a chanceORDI withstood the fall of bitcoin and continues to hold it and grow after consolidating on the trend. Big bets on growth
ORDIUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
