Traders have been taking note of the Bitcoin and Ethereum entry points put forward by Crypto Falcon. For BTC, the figures are $81,000 and $77,248; for ETH they are $2,505, $2,356, and $2,228. Here is an explanation of the logic at work and what it means for those in the market.<\/p>\n
The host of Crypto Falcon says the case for entering Bitcoin is based on both market structure and technicals. Take the $81,000 mark: the analyst sees this as the top of the current price structure for Bitcoin, and it is also where the four-hour moving average comes into play, a common way to spot resistance or support.<\/p>\n
Then there is the $77,248 level. This has been selected as it aligns with the point of control, or the area of highest traded volume for the asset. By putting these levels forward, Crypto Falcon aims to give traders well-defined zones to operate in, ones that should see buying pick up and keep downside risk to a minimum.<\/p>\n
Crypto Falcon has identified three specific entry points for Ethereum at $2,228, $2,356, and $2,505. These figures are not put forward without reason; they are derived from the current structure of the ETH market as well as Fibonacci retracement levels. Technical analysts frequently use such Fibonacci tools to forecast where a price pullback is likely to end and a reversal may begin.<\/p>\n
The thinking behind Crypto Falcon\u2019s recommendation to have multiple entries is to give traders a way to manage risk and potentially secure a more favorable average price. In a volatile environment, it is unwise to put all one\u2019s capital in at a single level, so this method is designed to avoid that kind of exposure.<\/p>\n
The Crypto Falcon channel puts forward a number of sound risk management practices. Chief among them is the advice to break up purchase orders, be conservative with leverage, and avoid going for larger volume in your trades. Such an approach is meant to blunt the effect of the kind of abrupt price movements one will encounter in crypto.<\/p>\n
In the course of the episode, there is discussion of where to find good entry points on some of the better-known coins; $101 is put forward for Solana (SOL) and $1.25 for XRP as areas worth monitoring from a technical standpoint. Should one wish to keep abreast of more advanced tactics or get regular updates, Crypto Falcon encourages his audience to make use of his Telegram channel. It is there that he makes algorithmic strategies and trading bots available to the community.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by Crypto Falcon and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 Crypto Falcon: https:\/\/www.youtube.com\/watch?v=9KnNQ4qzmSE<\/a><\/em><\/p>\n <\/p>\n Explore Crypto Falcon’s entry points for Bitcoin and Ethereum by practicing with our risk-free trading simulator. Practice entry points risk-free<\/a>.<\/p>\n <\/p>\n