MBM_Crypto

MBM_Crypto Updated 

The recent price surge has exceeded my expectations, reaching new yearly highs. However, the longevity of this uptrend is uncertain. It's unclear whether we'll witness a new all-time high or if this is merely a temporary rally preceding a significant decline. Predicting market movements is challenging, but historical patterns can offer insights. Throughout 2023,...

MBM_Crypto Updated 

As BTC continues its surge to new yearly highs, it is wise to put forth some trading setups for Altcoins! Here's an idea for XRP: The idea is to buy when the price breaks above 0.68$ and take profits at the levels shown in the chart. Targets: 1. 0.69$ 2. 0.702$ 3. 0.73$ 4. 0.75 The previous setup for XRP had massive success, with a peak profit of 25%!...

MBM_Crypto Updated 

The price has surged past the significant 30k resistance, peaking at 35.2k, precisely aligning with the CME gap. These CME gaps are frequently filled over time, but the exact timing remains unpredictable. Monitoring these levels is essential as they are likely to be reached eventually. Currently, the price is grappling with a resistance line. A successful breach...

MBM_Crypto Updated 

With BTC reaching new yearly highs, it's a great time to consider trading altcoins. The idea is: Buy when the price breaks above 0.5865$ and take profits at the levels shown in the chart. Targets: 1. 0.599$ 2. 0.62$ 3. 0.66$

MBM_Crypto Updated 

The price has surged past the significant 30k resistance, peaking at 35.2k, precisely aligning with the CME gap. Frequently, these CME gaps do get filled over time, but the exact timing remains unpredictable. Monitoring these levels is essential as they are likely to be reached eventually. Currently, the price is grappling with a resistance line. A successful...

MBM_Crypto Updated 

There is no denying that for the past many weeks, price manipulation has led people to believe in new rallies, while these moves have only resulted in lower highs. Currently, the same is happening with the pump in price, which is related to fake news about BlackRock's Spot Bitcoin ETF being approved. It should be noted that $65 million worth of BTC was liquidated...

MBM_Crypto Updated 

It's no surprise that the price has been rejected from the 200-day Simple Moving Average (SMA) multiple times. Historically, the 200-day SMA has acted as either a support or resistance level, depending on whether the price is above or below it. Since the current price is below the 200-day SMA, there is a high likelihood that the price will continue to move lower...

MBM_Crypto Updated 

The price has been setting up a Wyckoff distribution, and this is a textbook example of the Wyckoff distribution. With a diminishing trend, phase E is anticipated to commence shortly! About Wyckoff distribution: PSY—preliminary supply, where significant interests begin to unload shares in quantity after a pronounced up-move. Volume expands, and price spread...

MBM_Crypto Updated 

Here's a Quick outlook for BTC. This week, there hasn't been much movement, and the price continues within the rising channel. Previously, we saw a move below the 200D SMA, and the price hasn't managed to break back above it as the SMA is now acting as resistance. One way to predict market changes is by using the 200-day simple moving average (SMA). If the closing...

MBM_Crypto Updated 

One way to predict market changes is by using the 200-day simple moving average (SMA). If the closing price drops below the 200-day SMA, it's likely that the market will continue to decline, and the opposite is also true. Currently, the price is below the 200-day SMA, which suggests that it may fall further until it rises above the SMA. There are several...

MBM_Crypto

The index finds itself at a pivotal crossroads, where a decisive move in either direction can shape the dominant trajectory in the coming months. A fresh all-time high (ATH) could be in the offing should the index breach the resistance zone, yet crossing the threshold of the yellow support zone might usher in a descent toward the green support area....

MBM_Crypto Updated 

As highlighted previously, it’s not uncommon for prices to experience a temporary rise after the Death Cross, only to fall again. The price evidently lacks strength, signaling a potential end to the Death Cross rally. Remember that the Death Cross is not a definitive sign but confirms what we already expect - that the trend will continue for some time. Based on...

MBM_Crypto Updated 

It looks like the Death Cross has happened, which means the current trend will likely continue downward for a while. Sometimes prices go up briefly after a Death Cross before falling again. Keep in mind that the Death Cross is not a definitive sign, but rather confirms what we already expect - that the trend will keep going down for some time.

MBM_Crypto Updated 

Based on the double-top formation, it seems apparent that the price may decrease. If the price falls below the critical support zone, there could be a potential downward move to 18k. Additionally, due to the DXY's strengthening, it is expected that the price of btc will decrease shortly. Furthermore, Keeping an eye on the fair value gap and CME gap below current...

MBM_Crypto Updated 

The price has broken below the descending triangle, signaling a bearish trend with a target of $0.369. If BTC retraces to its 15k low, MATIC could potentially drop to $0.25 or lower. With regard to the BTC-pair The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent...

MBM_Crypto

Here's a quick look at the MATIC / BTC pair. The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent to keep an eye on the 2000 sats level, as it will play a vital role in dictating the price direction in the upcoming months! The overall altcoin market is not looking...

MBM_Crypto Updated 

Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon! Consequently, a break to the downside is expected, and it may be prudent...

MBM_Crypto Updated 

The index finds itself at a pivotal crossroads, where a decisive move in either direction can shape the dominant trajectory in the coming months. A fresh all-time high (ATH) could be in the offing should the index breach the resistance zone, yet crossing the threshold of the orange support zone might usher in a descent toward the blue support area. Additionally,...