Hi everybody! Happy to discuss with you the current situation of Bitcoin.
Currently, Bitcoin is showing signs of a medium-term bearish trend, based on the descending triangle pattern and the 34.89 EMA showing signs of reversal (signaling a potential downtrend on the H12 chart). . Accordingly, the false breakout of this pattern is pointing towards a clear bias for...
UPDATE 01.05.2024
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With the daily candles looking like this I can say that the key point is invalid , the BTC is down in the correction phase . Even tho there's a gap of 55-56.6K we might see a small bounce, but I prefer the price to touch 52.2K , yes I said that shit. The scenario would be like this;
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BTC touches the ground 52.2K and bounces a bit,...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins.
In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way".
Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments.
The critical...
The last 2 days are very negative for Bitcoin.
The market is currently trading around 57000.
Here are the important key levels to watch.
Resistance 1: 59200 - 61300 area
Resistance 2: 66850 - 69100 area
Resistance 3: 71600 - 73800 area
Support 1: 52200 - 53000 area
Support 2: 50500 - 50700 area
Support 3: 46900 - 49100 area
If the market closes below the...
Carnival has been rudderless all year, and now some traders may see downside risk in the debt-laden cruise-ship operator.
The first pattern on today’s chart is the sideways drift following a sharp rally in November and early December. Its failure to make new highs -- even early in the year when the S&P 500 was breaking out -- may reflect weak sentiment.
Second,...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
OSMO is making new lows...
this may be good... for who likes to DCA into a falling knife (joking)
or may be pretty bad (investors lost confidence)
As we may know... if binance has not decided to get rid of a coin.. they still support the project (in some way or another).
Targets are versus BTC pair.
This may the bottom. We shall see !
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