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Bitcoin Hits New Highs on Strong Fundamentals and DemandLatest Report on Bitcoin and Crypto Market Developments Our analysts have closely monitored the immense price action and developments driving performance in the cryptocurrency sector. This report aims to accurately outline relevant factors supporting Bitcoin's ongoing uptrend and the overall bullish sentiment across digital assets. Bitcoin posted a series of new all-time highs versus several global currencies including the Japanese yen, Malaysian ringgit, and others, extending its dominance in cross-border value transfers. Flow data shows exchange inflows reaching November 2021 peaks, underlining robust demand. Among recent announcements, Edward Snowden predicted a country will soon confirm purchasing Bitcoin to back reserves modernly without disclosure. Binance Labs funded a new staking protocol supporting network rewards fromBTC holdings. In the US, Bitcoin ETFs witnessed record $680 million weekly inflows. The BVL exchange in Peru approved crypto ETFs while BlackRock prepares a similar launch in Brazil. South Korean regulators discuss potential approval moves. Trend-defining analysis from Glassnode and Bitwise contends Bitcoin remains in a prolonged bull phase fueled by non-believers closing short positions. Transaction activity and exchange volumes reached November 2021 levels, exposing dwindling supply against persistent buying pressure. MicroStrategy doubled down on its seven-figure BTC bet by signaling staying power. Executives from Blockstream and Bitwise forecast six-figure prices over coming years. Popular predictions cite $100,000 before halving events that could stimulate renewed fomo. Technical metrics mirroring the last rally to near $70,000 reflect an ongoing positive cycle. Short squeezes inherently fuel upside breaks while traders betting against Bitcoin may exit en masse, unleashing buying waves. OTC desks face acute scarcity amid aggressive accumulation. Macro considerations such as inflation hedging also strengthen the long-term investment thesis. ETF permission across emerging economies broadens accessibility. With persistent institutional capital flows and mainstream adoption tools, Bitcoin retains a constructive narrative despite volatility. Our analysis concludes Bitcoin remains on an uptrend against a backdrop of widespread institutional adoption. Let us know if you require any expansion on specifics covered. We maintain a bullish outlook and will continue monitoring price components and on-chain activity closely for the next major move.
by ChartSavant
Bitcoin - Long-Term Log View - Update🎯Hello TradingView Family / Fellow Traders, 🖇 Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support. Currently BTC is approaching its all-time high! What's Next? 📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 200k - 250k round numbers. ⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
BITSTAMP:BTCUSD
by TheSignalyst
14
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the Outer Coin Rally at 81400, which is expected to break records and disappoint those who have dismissed cryptocurrencies. However, a pullback to the Mean Sup at the 60400 price is a transient dip before the next rally. Nevertheless, the overall outlook for Bitcoin remains promising as it continues to attract more investors and gain wider acceptance. Therefore, it is crucial to keep a close eye on Bitcoin's price movements and market trends.
BITSTAMP:BTCUSD
by TradeSelecter
First ATH BREAKOUT Before Halving ?? Bitcoin Halving: What It Is and Why It Matters Bitcoin halving is an event that occurs every 210,000 blocks (approximately every 4 years) where the block reward for mining Bitcoin is cut in half. This is programmed into the Bitcoin protocol and has a significant impact on the BTC price. Why Halving Leads to Growth Reduced Supply: Halving cuts the number of new Bitcoins created each day in half. This can lead to scarcity, as demand for BTC remains constant or increases. Increased Value: The decrease in supply can lead to an increase in the value of Bitcoin, as it becomes more difficult to mine. Psychological Factor: Halving is an anticipated event that can generate excitement about Bitcoin and lead to increased investment. History of Bitcoin Halvings: 2012: The first Bitcoin halving occurred on November 28, 2012. At that time, the block reward was 50 BTC, and after the halving, it decreased to 25 BTC. 2016: The second Bitcoin halving occurred on July 9, 2016. The block reward decreased from 25 BTC to 12.5 BTC. 2020: The third Bitcoin halving occurred on May 11, 2020. The block reward decreased from 12.5 BTC to 6.25 BTC. Impact of Halvings on Bitcoin Price: After each Bitcoin halving, the BTC price has experienced significant growth. 2012: After the 2012 halving, the BTC price grew from $12 to $1150 over 18 months. 2016: After the 2016 halving, the BTC price grew from $650 to $20,000 over 18 months. 2020: After the 2020 halving, the BTC price grew from $9,000 to $64,000 over 12 months. Expectations for the 2024 Halving: The next Bitcoin halving is expected to occur in April 2024. This time around, expectations are somewhat different, as: Bull Market: Unlike previous halvings, the BTC price is already in a bull market. Institutional Interest: There is significant institutional interest in Bitcoin now, which could lead to even greater growth after the halving. Will ATH Be Breached Before the Halving? While halving has historically always led to new ATHs, this time the probability is somewhat higher. Bullish Trend: The market is already in a bull trend, which is favorable for further growth. Institutional Interest: Growing institutional interest could stimulate demand for BTC. However, it is important to remember that the cryptocurrency market is volatile and unpredictable. It is impossible to predict with 100% certainty that the BTC price will break ATH before the halving. It is important to conduct your own research and only invest what you can afford to lose.
Long
by Yaroslav_Krasko
2
Crypto vs Stocks - Interesting Times🕝Over the past four days, Bitcoin has surged by 20%, while the US500 index experienced a modest decline of 0.35%. This notable discrepancy in performance reflects significant market movements, influenced by recent events such as the approval of Bitcoin ETFs and the impending Halving. Let's delve into these factors and their impact: 📈 Market Sentiment: The recent approval of Bitcoin ETFs has infused the cryptocurrency market with renewed optimism. Institutional adoption, catalyzed by ETFs, signifies a broader acceptance of Bitcoin as a legitimate investment asset. This approval likely contributed to Bitcoin's surge, as investors seek exposure to the digital currency through regulated avenues. 💲 Halving Anticipation: Anticipation surrounding the upcoming Bitcoin Halving event is driving market sentiment. Scheduled to occur in a couple of weeks, the Halving will reduce the block reward for miners, diminishing the rate at which new Bitcoins are created. Historically, Halving events have spurred significant price rallies, as reduced supply increases scarcity, potentially leading to upward price pressure. The looming Halving has likely fueled demand for Bitcoin, contributing to its recent surge. 📊 Risk Appetite and Diversification: Bitcoin's outperformance against the US500 index also underscores varying risk appetites among investors. Cryptocurrencies like Bitcoin attract risk-tolerant investors seeking higher returns, particularly in anticipation of significant events such as the Halving. 🤖Technological Disruption: Furthermore, Bitcoin's surge highlights the disruptive potential of blockchain technology and decentralized finance. Investors are increasingly recognizing the innovation behind cryptocurrencies, allocating capital towards transformative technologies. As Bitcoin continues to assert its dominance in the financial landscape, one cannot help but wonder: Are we witnessing the dawn of a new era in finance, where decentralized assets challenge traditional norms and reshape the way we perceive value? 📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution. Wishing you all the best of luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
BTC - Next Stop => 60,000 📍Hello TradingView Family and Fellow Traders, This is Richard, also known as theSignalyst. 📉 BTC has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in orange. It's evident that BTC has been respecting significant round numbers, particularly the 10,000 marks. 📍 Therefore, following its breakthrough above 50,000, our next target is 60,000, coinciding with the upper boundary of the wedge pattern. 📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution. Wishing you all the best of luck! Remember, All Strategies Are Effective When Properly Managed! ~Rich
by TheSignalyst
22
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 INJ has been overall bullish , trading above the red trendline. Currently, INJ is hovering around the trendline acting as a non-horizontal support. Moreover, the 30.0 marked in green is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline. 📚 As per my trading style: As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024. - Breakout level is 21 - Initial target = 35-38 by early March 2024 (before earnings) - Watch out for possible resistance around 25-27, but should break through it easily - After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024. ~The black arrow/path is my forecast to initial target.
NASDAQ:MARALong
by JerryManders
20
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability. However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.
BITSTAMP:BTCUSD
by TradeSelecter
📌BTC vs USDT.D - Who Follows Whom? 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I always keep an eye on USDT.D to gauge the overall crypto market sentiment. 📚 Today, I want to demonstrate the correlation between BTC and USDT.D: - Last month, BTC broke above the previous major high (shown in blue), while USDT.D broke the previous major low and initiated an impulse movement. - BTC is currently fluctuating within a narrow range around the $53,000 resistance level, while USDT.D is hovering around the 5% support level and the round number. - BTC is expected to maintain its bullish trend unless it breaks below the last major low at $50,500, which would correspond to USDT.D dropping below 5.29%. And so on... the picture is self-explanatory. The question is... Who Follows Whom? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
ETH - Make or Break Zone!Dear TradingView community and fellow traders, I find the daily chart for ETH to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST 1️⃣ => Non-Horizontal Resistance ETH has been overall bullish from a long-term perspective, trading within the rising broadening wedge in blue and now approaching the upper bound / blue trendline acting as a non-horizontal resistance. 2️⃣ => Overbought From a medium-term perspective, ETH has been trading inside the rising broadening wedge in red, and it is currently hovering around its upper bound / red trendline acting as an over-bought zone. 3️⃣ => Round Number This week, ETH has been hovering around the $3000 which is a massive round number and psychological level. 🗒 That's why the blue circle with the red circle inside it is a zone to keep an eye on, as it is the intersection of three rejections. 📈 If broken upward, expect further long-term bullish continuation. 📉 In parallel, if $2850 is broken downward, expect the bearish correction to start. 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
13
BTC - Critical Zone - Detailed Video Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📚 Here is a detailed update top-down analysis for #BTC. 📈 If the 53,000 level is broken upward, expect a continuation till the 58,000. 📉 In parallel, if the 50,500 is broken downward, expect the bearish correction to start leading to a movement till the 48,000. 📚Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
What Is Bitcoin Halving? Here's All You Need to KnowWhat Is Bitcoin Halving? Here's All You Need to Know. Halving is the event of slashing Bitcoin's mining rewards every 210,000 blocks, or roughly every four years. Read all about it here. Table of Contents Overview What Is Bitcoin Halving? When Is the Next Bitcoin Halving? Deep Dive into Blockchain How Are Miners Rewarded? Why Halving Matters? The Big Picture What About Bitcoin’s Price? Halving and the Way Forward Overview Bitcoin’s halving is a milestone event for the crypto space. Essentially, halving pushes back the moment we see all 21 million BTC tokens pulled out of their cryptographic hash puzzles. Satoshi Nakamoto, the individual or group who created Bitcoin , programmed it to a fixed amount of 21 million coins. In other words, the total amount of Bitcoin can never exceed 21 million. Presently, miners have picked up just over 19 million through a process called Bitcoin mining. This amount is over 90% of the total supply with mining having started with the creation of Bitcoin 15 years ago. That leaves just about 2 million tokens to be unearthed before the final Bitcoin enters our dimension. How long should we wait until this mammoth of a milestone happens? More than a century, or around the year 2140 , according to forecasting wizards. The logic behind this peculiar mechanism lies in the so-called halving and this guide will help you understand all about it. What Is Bitcoin Halving? Halving, in its simplest form, is the process of gradually reducing the rewards of Bitcoin mining. As we mentioned, Satoshi Nakamoto originally hard-coded Bitcoin to a fixed supply of 21 million. All of them will come to life at an increasingly slower rate. More precisely, the pace at which Bitcoin is created is “halved” every 210,000 blocks. The current block reward is 6.25 Bitcoin as the last halving occurred on May 11th, 2020. When's the Next Bitcoin Halving? In April 2024, miners will add the next batch of 210,000 blocks. And that only means one thing - they will have their revenue immediately slashed in half to 3.125 Bitcoin. All halvings are evenly spread out approximately every four years, consistent with Bitcoin’s hard-coded design. This way, supply will keep increasing, just at a slower clip. The reason is simple - the Bitcoin halving rewards will continue to reduce. Deep Dive into Blockchain In order for new Bitcoin to come into circulation, miners need to create blocks in a chain, hence the term ‘blockchain’. Network operators—the hardworking miners—uncover blocks through computer-powered mining operations. These crypto diggers compute hashes as quickly as possible. What they do is search for the successful fixed-length output that they add to the block. The more hashes per second (hashrate), the more chances for hacking out new blocks and adding them to the blockchain. How Are Miners Rewarded? Generally, miners have two ways to reward themselves for the effort. The first one is to earn revenue from transaction fees of users who send and receive Bitcoin. That’s when they act as decentralized network operators and validate transactions without a central authority. At their height during the crypto boom in April 2021, the Bitcoin network fees reached as much as $60 per transaction and took hours to complete. After all, the network can only handle 4-7 transactions per second. To compare, payment giant Visa can validate 24,000 transactions per second. Average transaction fee of Bitcoin, USD Timeframe: April, 2021 Source: bitinfocharts.com The other way to reward Bitcoin miners is to let them pocket the newly-minted Bitcoin contained in the block. Halving is basically a reward system for miners. But more broadly, halving is part of the proof-of-work model associated with high levels of energy consumption. Millions of mining rigs soak up that energy and crank out new Bitcoin. Why Halving Matters? Halving the block reward for mining Bitcoin is a way to protect its integrity. This immutable feature of the OG crypto makes it stand out as a unique asset class. In this light, it is also an alternative to inflation-prone national currencies, also known as fiat money. With that in mind, in a world that craves disruptive innovation, a technology that’s rewiring the global financial system has progressively moved into the limelight. The growing role of Bitcoin as a new investment vehicle is apparent, factoring in the elevated investor appetite . Bitcoin transacts tens of billions of dollars of daily volumes, with a peak of more than $126 billion on May 19, 2021. The figure is sufficient to prove it has piqued the interest of enough crowds to form a market around it. Before we revisit Bitcoin as an investable asset, let’s take a breather and trace the original crypto back to its origins where halving was introduced. The Big Picture Just over 15 years ago, the mysterious Satoshi Nakamoto mined the initial “genesis” block . For the effort, the clandestine developer(s) earned a hefty reward of 50 Bitcoin. And also bothered to leave a message hooked to the chunk of transactions. The message read: " The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. " Since then, the Bitcoin network has witnessed three halving events: On November 28, 2012, Bitcoin’s block reward was cut from 50 BTC to 25 BTC. On July 9, 2016, Bitcoin’s block reward was slashed from 25 per block to 12.5 BTC. The last one occurred on May 11, 2020, when the reward was axed to 6.25 BTC. The next Bitcoin halving event is on deck for April 19, 2024. Rewards will fall to 3.125 BTC. The Bitcoin halving dates may vary and we're yet to get a confirmation over the next one. Estimations indicate that every 10 minutes or so all network operators add a new block to the Bitcoin blockchain. With the current reward of 6.25 Bitcoin per block, miners dig out around 900 new Bitcoin a day. At today’s prices , this is equal to around $50 million worth of Bitcoin extracted daily. This is where the halving becomes interesting not just to the geeks among us. Halving events play a key part in shaping up supply and demand and weigh on the price of Bitcoin. Speaking of price movement, how does the rate at which new Bitcoin is churned out affect valuations? What About Bitcoin's Price? Bitcoin, as the world’s first cryptocurrency in a sea of many, is the quintessence of scarcity premium. Investment professionals are quick to say that Bitcoin carries a unique glamor as the only large tradeable asset with a predictable emission leading to a hard cap. In that light, analysts consider Bitcoin to be the newest entrant in the store-of-value category. An investment product that holds its purchasing power over time. Ideally coming with consistent price increases. This is possible thanks to halving - the brilliant mechanism hard-wired into the Bitcoin protocol. The minds behind the original digital currency conceived it as deflationary. A concept alien to the present financial system, flooded with central-bank cash and government stimulus. The reason is that, contrary to fiat currencies that inflate over time, Bitcoin should not be debased by inflation. Satoshi Nakamoto explained this inflation-rate flaw in an online forum around the time of Bitcoin’s inception. "The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” Halving and the Way Forward If there’s a need to draw broad conclusions, here are some of the more salient points to make a compelling argument. Bitcoin’s purchasing power is likely to avoid debasement thanks to the halving mechanism. With less than 10% of Bitcoin still to come to the surface, it will take more than 100 years for the last unmined Bitcoin to pop out. Once all the 21 million Bitcoin spring to life, miners will no longer stake their livelihood on uncovering new tokens. Instead, they will earn revenue from network fees for their work on validating transactions. But that’s only if the network sticks to the plan. FAQ ❔ "What is the purpose of halving?" ► Halving maintains a decreasing pace of block rewards, which emphasizes on the idea of scarcity in Bitcoin. ❔ "When is the next Bitcoin halving?" ► The next Bitcoin halving event is scheduled to occur on April 19, 2024. This date is approximate, and the actual date may be different, depending on the time it takes to complete one full batch of 210,000 blocks. ❔ "Is halving related to price increase?" ► Technically, when the supply of new Bitcoin is cut in half, and demand remains the same, prices may go up. But the price discovery of Bitcoin does not obey archetype models of economics. ❔ "When will the last Bitcoin be mined?" ► Estimates point that the last available Bitcoin will be mined in the year 2140.
Editors' picks
BITSTAMP:BTCUSDEducation
by TradingView
5
XAI - Promising Layer 3 BlockchainXAI – this Layer 3 blockchain is a hidden gem waiting to shine. We're riding the waves of a bull run, and XAI's set to skyrocket. Picture this: XAI's not just another blockchain player; it's a game-changer, operating on a level beyond the standard Layer 1 and 2s. Here's why XAI's the one to watch: Layer 3 brings innovation and flexibility that Layer 1 and 2 can't match. It's like having a secret weapon in the world of blockchain technology. This added layer means more efficiency, better scalability and enhanced functionality. It's the evolution of blockchain, right before our eyes. Now, with the market heating up, XAI is perfectly positioned to take advantage of the bull run. It's like a coiled spring, ready to launch. We're not just talking small gains; we're talking about a potential moonshot. The kind of growth that turns heads and fills wallets. So, here's the play: get in on XAI before the crowd catches on. This isn't just a buy; it's a strategic move. We're in for a wild ride and XAI is our ticket to the top. Remember, timing is everything. Jump in now and we ride the bull market wave to its peak. Miss out and you're left wishing you had a piece of the action. XAI is more than a promising blockchain; it's our opportunity to lead the charge in this bull run. Let's make this move.
Long
by Orgest
BINANCE:UNFIUSDT - Why +150% profit is a reasonable target--------------------------------------------------------------- Description --------------------------------------------------------------- + As per the analysis i have added in the chart, UNFI just broke out from the descending triangle + This breakout is a nice indication of the bullish momentum + My next target is the resistance around 15$ --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 5.979 Stop Loss: 5.356 ------------------------------ Targets 1: 6.987 Targets 2: 8.486 Targets 3: 10.64 Targets 4: 15.04 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
ULong
by VectorAlgo
1
BTC - Still Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC is currently hovering around the upper bound of the orange channel. 📈 The bulls will remain in control, unless the last low marked in red at 50,400 is broken downward. 📉 In such a scenario, the bearish correction would start leading to a movement till 48,000 demand zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
SOL - Please Don't Stop The Music 🎵Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 SOL has been overall bullish, trading within the rising channel in red. Currently, SOL is hovering around the lower bound of the channel acting as a non-horizontal support. Moreover, it is retesting a strong support zone at 100.0 marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. 📚 As per my trading style: As #SOL is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📉 Of course, unless the 100.0 support is broken downward, then we will expect the bearish correction to start. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
BITSTAMP:BTCUSD
by TradeSelecter
ETH - Patience Is Paying Off⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. In accordance with my previous analysis, ETH broke above the 2420 structure and traded higher to reach our target at 2670. 📈 The bulls will remain in control as long as the 2670 holds, and our next target would be the upper bound of the blue wedge pattern and 2950 - 3000 resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6