I guess we are heading to 0.8 to 0.6 by this week. Please note that this is my own research profits are amplified, but so are losses. Overall, I suggest to open short positions only as EMA 50 tells us., I do not recommend long for now, high risk.
The dominance of Tether reacted to the accumulation zone and became bullish, and crypto went for the next impulse.
rsi oversold in multiple time frames, hit support, looking to long for a swing trade, tight stop loss, and take profit at last resistance, if bitcoin recovers so will this, they move very closely together.
ETHUSDT. On the chart there is an interesting situation in the resistance zone of the global descending channel. As we can see, then from the support, around the beginning of June, the formation of an upward corrective movement began, which reached the channel resistance. The price tests the zone and at some point breaks the support of the local uptrend channel....
bitcoin on the weekly, support and resistances drawn, fibs to consider. overall market sentiment is currently bearish, with optimism. September Fed rate review is something to consider. $btc seems content being under $22k for now
Bitcoin in coming days, swing long trade targets blue line above
short term bearish, long term bullish. good fundamentals and currently in a downtrend, though in a fallen wedge, which go to upside about 68% of the time. currently waiting for a good entry for a long, $btc is currently dictating the market as well as the $dxy.
Hello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify crypto market movement, Everything is marked on the chart. Monitor the price in the circles. Good Luck. If its useful please like it as a support and follow me for next analysis :)
BTCUSDT is trading in a LOCAL uptrend, but despite this, there are hints of a possible downtrend. Let's look into this: *Remind that the global trend for bitcoin is bearish We have an uptrending price channel and an important zone for price at 26740, the local liquidity zone. We pay attention to the uptrend, the uptrend channel and the MA trend lines. ...
BingX’s Bitcoin Chart Bitcoin is down 2.1% over the last 24 hours and fell to an intraday low of $22,875.16. Bitcoin dropped the 20-day exponential moving average (EMA) ($23,412) today, and the relative strength index (RSI) has dropped below the midpoint, suggesting the market optimism reverted to a sellers' market. For now, the bears will attempt to pull the...
Hello trader I hope you start a good trading week. #GMTUSDT ⚜️Type: Buy/SPOT 🎚EP: 0.944~0.851 ✅TP1: 1.114 ✅TP2: 1.231 ✅TP3: 1.391 ✅TP4: 1.552 ✅TP5: 1.741 ⛔SL:0.654 If you like this post or have any comments, leave a comment for me here and share it with your friends.
Look to open shorts on a bounce of the lower trendline of the falling wedge and/or the breakout of the wedge. If price actions gives a bullish retest of the 200 Moving Average, looking for extended downside for Crypto Markets
Ethereum is in an upward price channel. Together with the support of the channel passes the trend line MA 200, which marks a strong zone for us. Below the channel a strong support from May 2021 is forming. On the chart we see a strong intraday downward momentum that could herald a correction. I think it could reach the support zone of the price channel, after...
Bitcoin. The cryptocurrency is in an uptrend channel. Yesterday the price makes a retest of 24670 level, but this maneuver was false and after the false breakdown we see that the price is not falling, but forming a pre-break consolidation. We see that the coin continues its growth. There is an ascending price channel formed on the chart and the price has...
BITCOINis in an ascending price channel. But an interesting situation is forming on the chart at the same time: a false breakout and pullback to the support zone to the local price channel. At this point there are two trend lines MA On the chart I marked two expected scenarios: formation of a break-up and correction. Breakout upwards is a priority! The price is...
Ever play that game "Red light, green light"? So has bitcoin. Tether dominance has been oscillating somewhat predictably within a rising channel for the past several years. And the upper and lower bounds of this channel can foreshadow bitcoin's macro price movement. Notice what happens when dominance reaches the top of the channel - green light! BTC sprints...
Hello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, Everything is marked on the chart. Monitor the price in the circles. Good Luck. If its useful please like it as a support and follow me for next analysis :)