Short Term: Dead Cat Bounce
Long Term: Bearish Correction
Opinion:
BTC will be back in the 30s in a few weeks
Bulls will get excited as they already have over a dead cat bounce
Once structure is established price will push down
When we go back into the 30s the bulls will finally give up
Be patient bears
#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the...
FWB:IOTA is currently forming a wedge pattern. After a confirmed breakout of the pattern, a good entry could be taken. Remember to always use stop-loss. Everything is on the chart
NYSE:SAND is moving in a favorable direction after breaking out of the trendline. After confirmation of the breakout, a suitable entry opportunity can be taken, with a reminder to always use a stop-loss for managing risks.
#Super price movement appears favorable as it has been engaged in a range-bound pattern for approximately 56 days. An optimal entry strategy involves waiting for a successful breakout from this range, confirmed by a daily or 4-hour candle closing above the range. It is essential to incorporate to use of stop-loss.
The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path.
The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) .
From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and...
Crypto has been fighting hard to stay above the 40K level, demonstrating that the bulls have a slight advantage over the bears in terms of strength, however, the bears have a great trick up their sleeve; strong resistance in the 44.9K region plays in its favor.
Let's go graph
In the long term, things haven't changed yet, and we are on an upward trend.
Note:...
Introduction:
General overview of the SOL/USDT pair.
Current context of the cryptocurrency market.
Technical Analysis:
Bearish Trend:
Identification of key points in the bearish trend (lower lows and lower highs).
Use of technical indicators such as moving averages, RSI, etc., to confirm the bearish trend.
Significant Resistance:
Precise location of the...
On the daily timeframe BTC bounced backed locally at 100EMA daily. Closing above 42k will be further bullish for Bitcoin to test 44k 48k and above. Falling below 38.5k will be bearish.
MYX:THETA is currently holding a crucial support level at $0.956 in its weekly chart. The potential bullish move remains intact if this support level is maintained.
The United States government's announcement of a planned $118 million Bitcoin sale has sparked discussions and debates within the crypto community. The planned sale comes in the wake of the Jan. 8 sentencing of Silk Road Xanax dealer Ryan Farace and his father Joseph Farace for money laundering conspiracy. While some express concerns about the potential impact of...
#Bitcoin weekly performance is turning positive as we head into the weekend, indicating potential bullish momentum in the market
SEED_ALEXDRAYM_SHORTINTEREST1:CHNG NASDAQ:WEN NYSE:SUI #CryptoCommunity #Tesla
If we take a look at previous 2 notable cycles we easily notice similarities.
From these 2, 2022-2024 looks more similar to 2016-2017, as long as we had -
Breakout of downtrend line. ✅
Reaccumulation zone. ✅
Testing major bear market impulse (Which in all cases became strong resistance). ✅
What we didn't experience is correction after these 3 moves.
In...
CPI headline inflation come in higher than previous so expect another rate hike.
When the institutions step in with their ETF money expect them to gab all the liquidity from prior month lows to bring price into discount because that it there angle.
prices should come down into these discounted Arrays for buys in line with bitcoin halving this summer or...
After carefully examining the 4-hour chart, it is evident that BTC has encountered a strong resistance level, accompanied by a gain of over 5%. This presents an ideal moment to take a short position.
BTC CME also shows resistance on the 4 hourly chart clearly below:
Our first target stands at $26,000, while our second target is set at $16,000. With these...
📊Analysis by AhmadArz:
this chart in bear trend for mid-term but getting open short-term long.
🔍Entry: 40566
🛑Stop Loss: 39472
🎯Take Profit: 41436 - 42886
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Bitcoin Update
The current upward movement indicates a return to the established price range. To reinforce this trend, weekend trading activity should remain within this range, ideally above the lower boundary. This finding is critical to maintaining positive market dynamics.
The cryptocurrency trend was slightly positive over the past 24 hours, as some investors took new positions following the past two weeks of sell off.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Polygon and Chainlink, while the other crypto coins followed by ATTMO will face bearish...
