Cryptorphic

Cryptorphic

#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards....

Cryptorphic Updated 

USDT dominance is currently hitting three major resistance levels: 1. 100 EMA (blue) 2. 50 SMA (red) 3. 8-month-old trendline resistance (blue) This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally. Invalidation:- Close...

Cryptorphic

In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a...

Cryptorphic

Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From...

Cryptorphic

The Alt market cap is currently showing strong support around the $1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds. 📈 Key Observations: - Breakout from the descending channel indicates a bullish trend reversal. - Support around $1.112T...

Cryptorphic

#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious...

Cryptorphic

📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted...

Cryptorphic

🚀 NEAR/USDT Trade Update🚀 NEAR is trading at an attractive price point. It already broke out on 14th May and has been retesting for the last 2 weeks. It is one of the few coins I will be holding with low leverage for the next few months. - Entry: $7.462 add up to $6.15 if it gets there. - Target: $30.201 to $100 - Stop Loss: $5.926 This altcoin can easily hit...

Cryptorphic

12 days ago, BTC Daily faced rejection, whereas the 6-hour chart appears stable. Currently, the price is hovering at the support level. However, come Monday, the situation could shift, regardless of the direction. If Bitcoin rallies to the lower support in daily, will your position remain secure? If not, you may be overexposed! Many new traders make this...

Cryptorphic

#Bitcoin Short-Term Analysis Bitcoin's price action (PA) is expected to be choppy in the near term, providing more consistent opportunities in altcoins. If you're trading with leverage, be prepared to see your positions fluctuate between gains and losses. Just take a look at the current price action. Key Levels to Watch: - Bullish Sentiment: Bulls need to hold...

Cryptorphic

🚀 INJ/USDT Technical Analysis by Cryptorphic 🚀 - Price at Time of Analysis: $26.111 - Key Support Level: $25.451 - Resistance Levels: - Short-term: $29.069 - Major: $30.512 - Long-term target: $69.785 - $70.007 🔹 Chart Patterns: - A breakout from the descending wedge pattern. - Potential bullish movement towards the long-term target indicated in the green...

Cryptorphic

BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000...

Cryptorphic

#FET, recognized as one of the strongest AI coins, has solidified its position in the market. With its innovative technology and strong community support, FET has become a standout performer. I've personally recommended the community several times to get into FET last year where it has shown remarkable growth, up 10x. Holding onto such strong projects is key in...

Cryptorphic

📈 Quick Trade Setup Alert! 🚀 TNSR is catching our eye right now. Recently listed on Binance, it's trading at a hefty 53% discount from its April 2024 all-time high. Potential target range: $3-4. Cons to consider: - Social media presence lacks activity. - Ideal for quick scalps, aiming for 20-30% gains. - It's more suited for in-and-out plays. - Associated with...

Cryptorphic Updated 

BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price...

Cryptorphic

#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long...

Cryptorphic

This chart speaks for itself—altseason is on the horizon! Make sure you have a solid bag ready! If you don't, don't worry—I'll be sharing a list of top alts soon. Stay tuned and stay connected with me on all platforms! Cheers, #PEACE

Cryptorphic

#RNDR: Played out perfectly! Up 15% from the average entry. Target 1: ✅ Approaching the second and third targets. Hope you didn’t miss this one! Like & RT for more! Do hit the like button if you want me to post more of these setups! Thank you #PEACE