The BTC spot ETF has finally been approved, but will it result in the massive bullish pump that EVERYONE has been expecting. My answer: No. It's public knowledge that the Bitcoin spot ETF will be approved at some point now for months. Thus, most traders have already bought a position in anticipation. Like nearly every ETH/BTC ETF news we got this year, I'm...
✅ Ethereum reached the support level. The chart has turned from the level. The price will continue to rise. ✅ 🚀 BUY scenario: long to 1660 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
While BTC is seeing a surge in the short-term, the longer-term timeframes are telling a different story. As seen on the chart, the Stochastic RSI on the monthly has confirmed a change in direction from bullish to bearish. I'm aware that not every Stochastic RSI cross will signal a bearish period, but the last three times that the fast line has crossed the slow...
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Hey there! 😊 In the 3-day timeframe, as you can see, the price movement from the 2141 range has been accompanied by a correction. After a positive reaction to the 1530 range, the trend is currently trading within the 1556 price range. There's a possibility of further correction towards the 1460 range and the liquidity range of 1370. What we can expect is that, if...
Ethereum has fixed above 50EMA (1H TF) RSI is moving in the buying zone. I believe that the asset will return to growth after fixing above the resistance level.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Elliott wave Impulse, still printing variant. Hope all those talking heads are right and the BitcoinETF goes a bit better... Cheers!
My bullish outlook on Bitcoin stems not only from it potential as a politically neutral asset, but also due to the recent decision of the SEC to not appeal the Grayscale BTC ETF, thus making it a more attractive means of investment for the average consumer, as well as giving it credibility in the legacy markets. In terms of price targets, some technical views...
Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend. ETH/USD reached a high of 1,571.75 on Friday, it has since fallen to a current reading of 1,546.80. This is slightly higher than yesterday’s low at $1,538.09,...
The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure)....
$OOKI Performing classic bullish divergence in 1Week Trading Classic Bullish Divergence involves a systematic approach to identifying and executing trades based on this technical pattern. Here's a step-by-step guide on how to trade it: 1. **Identify the Downtrend:** First, you need to confirm that there is a clear downtrend in the asset's price. This means the...
Ethereum price has formed a very bearish SHS pattern (showed red) and break the trendline support and now having a bearish retest to confirm the bearish movement. It' s the time to be careful. NOT FINANCIAL ADVICE.
By examining the waves of Ethereum, it seems that the fluctuations of the last 484 days of Ethereum are inside a descending triangle. What this scenario makes clear to me is that Now we should be inside the D wave of this triangle. It seems that after the completion of wave D and E, we will see a heavy drop towards the lower areas. In order to confirm this...
The analysis ⏰ made based supply and demand zone 📌 #DYOR Based on 1W time frame chart 📉📈 lower position price shift to high 📌 good 👍 / but / It's confirmed 👍 the pattern was HH >> LH ( shifted 🙄 ) But recent times slowly movement got shifted 🙄 BINANCE:ETHUSDT Lower low to lower high 📌 this turned/shift movement to bearish 📍 ( last price action...
US consumer price index (CPI) remains sticky: CPI data released on Thursday did not show a further cooling in inflation in the US economy, further muddying the Fed’s decision making on the future interest rate path. Federal Reserve unable to reach a firm decision on interest rate hikes: Minutes from the Fed’s last meeting show wavering opinions on interest...
Hello, Skyrex community! Yesterday we shared the unbelievable scenario for Bitcoin and I realized that most of you don't read the articles, only look at the price chart. I told you that it's unlikely and the most negative scenario, but most of you wrote the positive comments. Therefore we can make a conclusion that most of crypto traders are waiting for $40k+....
The Diagonal pattern from the previous post has developed differently than we anticipated. However, our forecast of a move to new lows proved accurate. With the bottom now likely taking shape, it's time to switch to the buy side.
A devastating blow may be approaching near. #ethusdt price formed a long way bearish formation , SHS Shoulder head and shoulder. A short term bounce may be ok but mid term is in dangerous situation. Do not take actions with this chart but already be extra cautious by taking stop loss. NOT FINANCIAL ADVICE.