Hello everyone, this is Maximilian! Currently, BTCUSD appears to have recovered significantly thanks to strong support from investors at the price of $61,000. In addition, the successful overcoming of the EMA 89 moving average has also contributed to promoting the growth of this currency. Through observation from the 4-hour chart, it is clear that the market is...
SOLUSDT trading strategy for today: SOLUSDT is currently continuing its consolidation after hitting a high of 155.85, with a slight decline of 0.62% on the day. Despite the price decrease, the price uptrend is still maintained stable within the 2-hour time frame. On the short-term side, the support of the bulls is still very strong, as shown by the EMA lines 34...
Hello dear friends trading BTCUSD! Let's discuss and strategize for the new day! The growth for BTCUSD continues to build. At the time of writing, the cryptocurrency market is trading below the $66,500 barrier. The uptrend is very strong as it is also at a high level with stable trading activity on the 4 hour time frame. Exiting the downward parallel channel has...
Hello traders. Currently, BTCUSD continues to maintain its bearish trend without any significant reversal, with the price currently consolidating around $63,884 near the boundary of the 34 EMA (reflecting the coin's negativity). If conditions are favorable, we intend to continue selling BTCUSD from this point on, Fibonacci 0.5 and 0.618 also indicate selling...
Hi everybody! Thus, after a long period of decline, XRPUSDT has had significant achievements trading at a high level with stable trading activity on the H4 chart. Currently, XRPUSDT is consolidating around the 0.5470-0.4692 area with a bullish outlook, following which a bullish hammer candle has formed, indicating a very positive bullish outlook. With XRPUSDT...
Today, Bitcoin price (BTCUSD) saw a bearish correction, trading around the 34 and 89 EMAs, with the current price at $63,597. Here is my trading strategy recommendation for BTCUSD: Strategy: Sell BTCUSD Stop Loss (SL): Set at 65,040 USD to limit risks. Take Profit 1 - TP1: 62,100 USD, where you can start taking profits. Second Take Profit Target (Take Profit 2...
Current BTCUSDT trading strategy: In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend. From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
Hello dear traders! Currently, ETHUSDT remains constrained below the old support level at around 3272 USD, since the market witnessed a previous price slide. This resistance level plays an important role in controlling the price; If the price breaks above this level, we will likely see a significant rally, while prices remaining below this level could continue to...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
Hello dear traders! Overall, SOLUSDT is seeing a weak recovery in the bearish trend. In this scenario, we may consider a selling opportunity as it completes a test of the bearish channel around the 140.00 mark. The target for this decline is at the 124.60 mark. Good luck and remember to set your take profit (TP) and stop loss (SL) levels properly!
Hello dear Bitcoin traders! Overall news: With just two days left until the Bitcoin Halving event, BTCUSD is still weak, fluctuating around the $64,000 mark without showing significant changes in trend as it is still in the recovery phase. correction, receiving support from $61,780. However, overcoming the resistance as mentioned on the chart remains the...
Hello dear traders! In the current context of BTCUSD, the three-day consecutive downtrend is a notable development. The cryptocurrency's steady trading below the $65,500 resistance and lack of signs of a strong recovery could indicate the potential for further downside in the short term. The preparation for short selling orders when BTCUSD breaks below the support...
Dear readers! BTCUSD is trending down, currently trading around $63,000, marking a 0.71% drop on the day. Based on the one-hour chart, I plan to sell because the uptrend line has been broken and the cryptocurrency is also trading below the 34 and 89 EMA, which suggests the possibility of a deeper decline. . I aim to reduce it to $60,000. What do you think about...
BTCUSD is consolidating above $63,000, on the long term, a “cup and handle” is forming and is currently moving through the fourth wave of the Elliott wave sequence. Overall, the price is correcting, we predict a strong recovery, where the price is expected to bounce off the double EMA and break through to complete the fifth and final wave of the pattern. If this...
Hello warriors! Please join me in discussing and strategizing for the new day! SOLUSDT continues to form a correction during the recovery phase again, receiving support at 130.85. However, overcoming the broken support level around 167.00 is still a challenge and a target. If the bulls cannot muster enough strength to overcome this support, the bears could sink...
BTCUSD struggled with strong selling pressure from short-selling investors, causing the price to plummet to $65,300 at the beginning of the trading week. This downtrend resumed after key support levels were broken. According to technical analysis, the downward trend is likely to continue due to the appearance of a triple top pattern on the chart. If this...
Hello dear traders! ETHUSDT continues to trade in a short-term bearish trend. Overall, ETHUSDT is showing bearish signals as the downtrend channel remains intact, with highs and lows gradually forming. In the short term, the bearish outlook remains intact as long as the bearish channel's limited resistance is not breached, we will see further downturns in the...
Hello dear friends! Please discuss with me! BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600. Overall, the previous downtrend is...