Following a week of significant employment reports, the focus this week shifts back to inflation data, specifically with the release of the U.S. June Consumer Price Index (CPI) on Wednesday, followed by the Producer Price Index the following day. Investors will be closely observing any declines in inflation that could provide justification for the U.S. central...
Bitcoin on the Day has a Possible M possible bullish wedge. we are in Mojor decision point in my opinion as it will choice our next possible month price action trend direction.
As you can see there are 2 correspondences for this area. The 200 day line and the 0.382 fib. This thing is almost guaranteed to go there.
Luminex, a launchpad for Bitcoin Ordinals, has put forward a proposal for a new standard called BRC-69, aimed at optimizing the costs associated with inscribing on this network. This proposal follows closely on the heels of Bitcoin Ordinals' developers introducing recursive inscriptions, which were intended to address the block size limit of 4 MB. Unlike regular...
The final week of June was spent consolidating as some Buyers took profit and Short Sellers have attempted to force price down. After the Monthly candle closed on Saturday, we can see it as the beginning for a new ascent. Since then price has climbed 2.35% at the time of writing and reached a high of 3%. Weekly timeframe : There is no Supply AKA Resistance level...
Analysis of Long Move for HIGH/USDT at Daily Chart-Time: The HIGH/USDT pair is currently experiencing a significant long move on the daily chart, indicating a strong bullish market sentiment. Traders may consider taking long positions, anticipating further price appreciation. Technical analysis using moving averages, such as the EMA (Exponential Moving Average),...
The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside....
CoinDesk recently reported that Fidelity, a prominent player in asset management, is once again attempting to launch a spot Bitcoin ETF called the Wise Origin Bitcoin Trust. This move comes shortly after BlackRock's iShares unit made a similar filing. According to CoinDesk's report, Fidelity's initial attempt to launch the Wise Origin Bitcoin Trust in 2021 was...
btc made head and shoulders pattern and has been reteset target for this pattren around 39-40K
During this week, sellers tried to push the BTC price below $30k at least 3-4 times. But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation. It was the buyer's turn to strike back and test the strength of the sellers. The most difficult task is "first strike" and trying to break above $31400. If...
Looking for downside as we move into the next Daily candle for a few reasons. We have had 3 Daily candles back to back fail to close above $30,715 Daily Resistance which was initially created on June 24th. this resistance has held for nearly a week now after a 25% pump from the lows. In the short term it's fair to anticipate a bit more depreciation in bitcoin...
Bitcoin price starts to correct down Bitcoin price remains well bid above the $29,500 resistance area. BTC broke through the $30,000 resistance to move further into the positive zone. Finally, there was a push above the $31,000 region. The price tested the $31,500 zone. A high was formed near $31.435 and the price is currently correcting lower. There was a move...
Hello Trader Bitcoin now is on bullish environment last Friday showing market break high of Wednesday and Thursday with strong bull candle Now what i'm anticipate on Saturday is market retrace and continue the expansion leg During Asia Session Market grab Sell Side LQ and break higher sign Asia session bullish now i'm waiting retracement on London to continue...
Hello, everyone! While CRYPTOCAP:BTC continues it's fluctuations next to the $30k, a lot of traders have question if it's going to continue pumping without any significant correction to $40k+ or it's just a trap and dump is imminent in the upcoming week. Let's consider the currect price action to understand it. 📈 Why the pump continuation is likely? If we...
#MTLUSDT we published and shared this idea with you in our profile here as you can check the previous analysis for #MTLUSDT All Targets: done✅ Entry price: 1.170$✅ Price reached : 2.800$ ✅ Profit: 239.31% ✅🚀🚀🤑
Cryptocurrencies in the Face of Rising Bond Yields and a Strengthening Dollar Cryptocurrencies have been on a short-term downward trend, attributed to deteriorating liquidity within crypto and outside crypto due to rising bond yields and the strengthening dollar, as they are sensitive to rates and liquidity fluctuations. Their recent downturn can also be...
Quite the week for BTC. 1) A Buy Publishing was made last thursday at price $25,607 2) A Long Ethereum Publishing was made on Saturday at price $1,728 3) A Neutral Publishing was made on Tuesday at price $27,943 4) A Short Publishing was made Yesterday at price $29,318 Current Price is $30,177 BTC has been breaking zones to the upside and it is easy to...
Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the...