The AUDUSD is likely to reach the support level and then bounce back. If you are trading on AUDUSD then wait for the drop and make your entries precisely. A close below the support level will invalidate this forex trade. Note: This update is only meant for scalping trade and not for mid to long-term holdings. DYOR before investing.
Greetings, fellow traders, I'd like to present a significant update regarding USDT dominance within a 2-day timeframe. Recently, USDT.D has been exhibiting an upward trend, nearing the white resistance trendline at 9.5%. This development could potentially trigger concerns within the cryptocurrency market, affecting both BTC and other altcoins. It's worth noting...
Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540...
For those who may have overlooked the prior notifications, an opportunity has resurfaced to engage with SHIB once again. Recent performance of SHIB has been notably positive, positioning it with the potential for a resurgence to the $0.011386 level. Consideration for Re-entry: Within the range of $0.009728 to the current market price (CMP). Assigned Stop Loss:...
The 1000SHIB token has demonstrated remarkable performance of late. Following a substantial 30% surge from $0.00806 to $0.0105, and subsequently another 15% rise from $0.0087 to $0.01005, profitable trading opportunities have emerged. If you did not partake in the previous trade, consider awaiting a potential rejection. There is a likelihood that 1000SHIB might...
BTC has recently achieved a significant breakout above the falling wedge pattern in the three-hour timeframe, raising questions about potential bullish momentum in the market. However, despite this development, caution is warranted in confirming a bullish trend. Notably, BTC has been consolidating within a narrow range between FWB:29K to $29.7k for the past six...
Dear Traders, I am pleased to share an update on Bitcoin (BTC) in the daily timeframe, as a new pattern has emerged, presenting an ascending triangle formation. This pattern appears promising, as it suggests a potential drop toward the $28k or 27K support levels, followed by a robust bounce back to $31k. It is important to note that BTC currently faces strong...
Following a significant legal development favoring Ripple in its case against the Securities and Exchange Commission (SEC), the price of XRP has experienced a notable surge from $0.46 to $0.94. This substantial price movement has generated excitement among Ripple supporters, with heightened expectations for further positive developments in the wake of this...
Greetings, I would like to provide you with an update on Bitcoin (BTC) and its ongoing battle with a significant resistance level that has been restraining its price for an extended period. Currently, BTC is making renewed attempts to break and close above the FWB:31K resistance level. If successful, we can anticipate a positive shift in the market, potentially...
Dear members, I would like to provide a brief update on Ethereum (ETH) in the 12-hour timeframe. Currently, ETH has shown limited progress, with its price fluctuating within the range of $1800 to $1900 over the past few weeks. Market activity appears subdued, resembling a period of relative calm. While ETH made an unsuccessful attempt to break above resistance 1...
BTC is still not convincing enough in a daily timeframe. Till now BTC is unable to cross above the FWB:31K resistance level. The RSI is making a bearish divergence and it will be disappointing to see BTC going down from this level. According to the chart pattern, I am expecting BTC to hit the $40k level but it's going to be a roller coaster ride, and FWB:31K ...
The current level of USDT dominance stands at the support level of 7.2%. This suggests that there is potential for a rebound in dominance. Upon comparing the charts of BTC and USDT.D, we observe that BTC is currently facing the FWB:31K resistance in the daily timeframe, while USDT.D finds support at 7.2%. This suggests a higher likelihood of BTC experiencing a...
Dear fellow traders, I would like to extend my heartfelt gratitude to all the members for their unwavering support. Our journey thus far would not have been possible without each and every one of you. Thank you sincerely, on behalf of Dexter and the entire team. Now, let us delve into the update on Ethereum (ETH) within the two-day timeframe. Presently, the...
Dear readers, I would like to share an update on the current state of Bitcoin (BTC) in the daily timeframe. Following a recent decline to around $24.7k, BTC has exhibited a noteworthy recovery, successfully surging toward the $30k mark. At present, an evident pattern emerges. The price level of $30k has proven to be a significant resistance level for BTC....
The USDT dominance has recently made a jump from 7.7% to 8.4% and this jump could go even higher up to 9.2% according to this 3-day TF analysis. The pattern that USDT dominance is forming here is a typical rising wedge pattern that is technically bearish. This signifies two major scenarios for BTC- 1. In the short term: We may see another drop in the market...
BTC got rejected from the $28k resistance level as expected and this rejection has brought the price back to $26.8k. Now, the upcoming possible move could be BTC reaching down toward $26k and then bouncing back. Failing to hold the $26k support level could be disappointing. Key points: 1. Drop levels: $25.8k to $26.3k. 2. Invalidation level: A breakdown and...
BTC managed to hold the $26k support level as expected. Currently, It is facing the $27.3k resistance and if at all BTC has to reject it, this could be it. A breakout and close above this level will target to hit the $28k resistance level. What do you guys think? Let me know in the comments. Trade safely.
Hello traders, welcome to this USDT dominance update in a daily timeframe. If you have followed my previous update then you will know what I was trying to indicate. The USDT.D has reached the resistance level and currently, we can see some signs of rejection. This could end up good for BTC and other altcoins but only if we see a rejection and close below 7.25%....