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Btc-usdt

BTCUSDTHello Crypto Lovers, This is a 1D frame analysis for BTCUSDT Friends, as you can see, our previous analysis has panned out and friends had requested an update, we have reviewed the market in a lower timeframe. Currently, the price has hit our 4 hour support zone and the previous candle has closed positively which can be good news but Bitcoin is in a range where if our 4 hour support zone is completely broken we expect a pullback or maybe a high selling pressure with no possibility of pullback and move towards its support line. But let's draw a conclusion Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
BTCUSDTHello Crypto Lovers, This is a 1D frame analysis for BTCUSDT As you can see, the price is bouncing towards the resistance line of 30,000 USD. At present, if the price cannot break the first resistance line, we expect a correction to the first support line and it can complete the pullback and if the support holds and the pullback pattern completes, it can move back towards its resistance line. But due to the price compression, there is a possibility of price increase and breaking the resistance line. If you don't want to take too much risk, Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
🔥 Stablecoins Are Predicting A Massive DumpIn this analysis I want to take a look at the stablecoin (USDT/USDC) dominance. To construct this indicator yourself, simply put "(CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL" in the symbol search area. As seen on the chart, the stablecoin dominance (the stablecoin value / all crypto value) has been steadily rising over the years. There can be a multitude of reasons for the rise, but more important in this analysis is the fact that the stablecoin dominance seems to follow a clear bullish channel pattern, where it bounces from both the top resistance and the bottom support. The stablecoin dominance is currently closing in rapidly on the bottom support. The last three times that the stablecoin dominance reached this support it always pinpointed a local Bitcoin top and signaled an incoming dump. Will this happen again in the near future? We can't say for certain, but historically we're getting very close to a moment where Bitcoin can dump. There's definitely more room to grow, but risk is on the horizon. Best case for the bulls would be that the dominance would fall through the support and continue to go down.
CRYPTOCAP:USDTShort
by FieryTrading
13
🔥 Bitcoin Short-Term Channel Break Out: Patience!BTC has been trading slighly bearish every since we made a new 2023 high a few days ago. Some consolidation was to be expected after the huge pump that we got earlier. I'm anticipating a bullish break out of the channel. To confirm the break out, I'd advise to wait patiently for the candle to close above the resistance. Stop at 30.500, target at 32.000, more defensive traders might want to take some profits around 31.400
Long
by FieryTrading
12
BTCUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for BTCUSDT As we can see, the price was able to experience a good rise after breaking the resistance line and bring its momentum towards the first resistance line. However, we can currently see a weakness in the trend and we have two scenarios in mind. Scenario one: We expect the price to be able to bring itself towards the first support line and then, with support and higher line stability, to start its upward trend again. Scenario two: If the price is able to stabilize above Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Short
by MarsSignals
1