Yesterday, Bitcoin broke below $25,000, and in the process, it moved closer to a critical support level of $24,756 (before rebounding toward $26,000 overnight); if this support level is broken to the downside, it will mark a new low since 15th June 2023 and strengthen a bearish case in the short and medium term. Furthermore, if successful, we expect the breakout...
Ethereum's Bounce: Ethereum's recent price increase may be due to retail traders buying during a price drop, but it's just one of many factors affecting its price. XRP's Support Loss: XRP losing the $0.5 support level is significant for sentiment. The next key support level is $0.45, and a failure to recover quickly could lead to further declines. Shiba Inu's...
Nearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not...
Yesterday, Bitcoin briefly surged past the $30,000 mark amid news about a new Federal Reserve program named Novel Activities Supervision Program. The statement on the central bank’s website says, “The Program will focus on novel activities related to crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks to...
On Saturday, we drew attention to the bearish crossover between the 20-day SMA and the 50-day SMA. As much has not changed since that, we have no reason to change our stance and continue to think there is a good chance of Bitcoin falling lower (to the area around $27,00). We will update our thoughts once new developments appear. Technical analysis gauge Daily...
Hey Trader, Check this trade out on BTCUSDT. There is a possibility for BTC to break below the current demand zone (same zone that has once been used as supply. A break below this zone could mean BTC heading back to $20k or even further down to monthly low of $15k. Alternatively, if the price break above the roof (upper band of the descending triangle) then a...
In today’s update, we want to draw attention to a bearish crossover between the 20-day SMA and the 50-day SMA. This development confirms the presence of a very weak downtrend and bolsters the bearish case in the short term. Therefore, we will pay close attention to the support at $28,574. If it is taken out, then it is very likely we will see Bitcoin test...
In a significant development overnight, Bitcoin plummeted below $29,000, marking a new low at $28,726. In the process, Bitcoin dropped below the 50-day SMA, which previously acted as a support (now it acts as a resistance). In addition to that, DM+ and DM- performed a bearish crossover on the daily time frame, and RSI, MACD, and Stochastic continued to develop...
Bitcoin reached a new high of $31,818 last Thursday. The next day, we voiced concern over the potential trend reversal due to the falling number of Bitcoin addresses with balances exceeding 100 and 1000 tokens, implying that big players were taking profits (the same thing happened in April 2023 after Bitcoin rose above $31,000, preceding the drop below $25,000)....
There has not been much going on in the cryptocurrency market, with Bitcoin being stuck between $30,000 and $31,500 for nearly a month now. During this time, the volume decreased, and indicators like RSI and MACD started to show signs of weakness on the daily chart. In addition to that, Bitcoin began to lag with gains behind the tech sector, which was previously...
Bitcoin has been holding up above $30,000 for multiple days. At the same time, the number of large holders began to increase again (slightly), suggesting that whales are waiting for better prices and not selling yet. Overall, that is quite positive, but there are still a few things to watch out for that can cause the rally to reverse quickly. As a result, we are...
This is an example of what I would call a 'young coin'. One that hasn't broken out extremely on the RSI and on chart. These 'youngins' I would opt into heavily right now over some older coins. Extreme volatility can be your friend in some cases. Just wait for a full breakout on the RSI, you will see the potential then. Some other coins like this include, ENS and...
Full Binance USDT Futures Pairs for watchlist upload (Updated 11/06/23) Procedure: 1.) In a new Notepad, copy and paste the list below and save as ".txt" file. 2.) Go to your watchlist (Suggest creating a new watchlist for this one) and click the 3 dots (...) 3.) Click Import list and select the file. 4.)...
Yesterday, Bitcoin finally broke below $25,800 and established a new low at $25,389. This move came amid our recent speculation about Bitcoin potentially reversing the short-term/medium-term trend (from bullish to bearish). This fact is being reflected by Bitcoin making lower troughs and lower peaks after hitting $31,000 in April 2023. Due to that, we do not have...
Over the weekend, Bitcoin took off and broke above $27,666. Then, yesterday it reached a high of $28,452. However, Bitcoin failed to hold this level for an extended period and quickly faltered below the $28,000 price tag. What caught our attention is that Bitcoin fully retraced to the 50-day SMA, which successfully halted a buying spree. Furthermore, MACD and...
Meme coins are very risky and should only trading with plan. This is TA based idea where we see depending on TA that this coin able to more then 200%
During the weekend, Bitcoin's value slipped under the $27,000 mark. Despite that, the overall trading environment was quiet and without any significant technical developments that we could point to on Bitcoin’s chart. Because of that, we just continue to wait patiently for our thesis to be confirmed or refuted. To confirm the thesis about Bitcoin reversing...
Introducing Meme-Coin Perspectives: Discovering the Art of Folly. Are you familiar with the ubiquitous X's on Pepe, Doge, Shiba, and the like? These symbols have permeated the world of meme-coins, capturing the attention of many. Now, let's delve into a captivating speculative concept known as the "Big Fool's Theory." Picture this: you knowingly acquire...