short OPNASDAQ:OP broke through the support level and the ascending trendline. Decline to support level at 1.05$ is expected to happen.
Crypto-trading
short GMXTSX:GMX broke through the support level and the ascending trendline. Decline to support level at $30 is expected to happen.
BTCUSD and DXY: Tales of two Megaphones.BTCUSD has managed to stay neutral on the 1D technical outlook (RSI = 53.222, MACD = 356.700, ADX = 24.282) despite the recent geopolitical turmoil, showing considerably buying strength after rebounding near the 1W MA50 at the bottom of the Megaphone.
The same Megaphone can be seen on the DXY and last week the price formed a top and got rejected on the HH trendline. It is widely known that the USD is negatively correlated (moves opposite) to risky (and not only) assets, including Bitcoin. This correlation and especially the upcoming MA50-100 Bearish Cross for DXY and Bullish Cross for Bitcoin on the 1W timeframe, should send the latter even higher, considering that it is closer to the 1W MA100 and is the last Resistance standing from the bear market.
It is obvious that (at the moment at least), Bitcoin is proportionally more bullish than DXY is bearish, but of course this can change depending on outside fundamental dynamics. Even the 1W MACD shares opposite but symmetric trends. A 34,000 target based on this doesn't seem far fetched for Bitcoin.
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Arthur Hayes’ Fresh Bitcoin Price Predictions
In a recent Impact Theory interview, former BitMEX CEO said that Bitcoin could reach $750,000 to $1 million by 2026 and $70,000 by the end of 2024.
Here are his key arguments:
1. Anticipated Financial Crisis: Hayes anticipates a financial crisis that could result in interest rates dropping to zero or rising, albeit not as swiftly as government spending rates.
2. ETF Launches: He envisions major asset managers in the U.S., Europe, and possibly Hong Kong launching multiple exchange-traded funds (ETFs) for Bitcoin.
3. Record Market Levels: Additionally, Hayes predicts that NASDAQ and the S&P 500 will attain record levels.
BRIEFING Week #41Here's your weekly update ! Brought to you each weekend with years of track-record history..
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CTK START NEW VOLUMECTK looks to have a new volume, this can be confirmed in the coming time for more.
Since 04 OCTO 2023 this coin building for the next increase.
short RDNTLSE:HEAD and Shoulders pattern is forming on RDNT chart. In case of the support breakout. Bearish movement to $0.20 is expected to happen.
BITCOIN Local Long! Buy!
Hello,Traders!
BITCOIN is likely to make
A bullish rebound from
The horizontal support
Level that it is now retesting
At around 27,266$
Buy!
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long FXSCRYPTOCAP:FXS bounced off the support level and the ascending trendline. Bullish movement to resistance level at $5.97 is expected to happen.
Bitcoin I KNOW i have not posted any charts in a while and you might be wanting (if you follow me) to know how to feel about this BTC breakout and recent pump. But in all honesty, all it has done is come right back into the rang and using the same S(support) and R (resistance) lines that I mapped out for you months ago. Only thing is now the lines you used to buy for support your now most likely better off watching as R (resistance).
It even seems the yellow downward trendline even is still in play and recently gave you a great moment of info to either TP a recent long and or setup a new short at that time.
MX THE EXCHANGE TOKEN THAT CAN MOON AS BNB DIDThank you for reading our update. Please keep in mind that this is not trading advice.
MX is a noteworthy exchange platform that consistently demonstrates year-on-year growth in both its chart views and product offerings. With its impressive trajectory, MX has the potential to emerge as the next Binance Coin (BNB).
Can we see soon MX to up $4?
long ARBAMEX:ARB broke through the resistance level and the descending trendline. Bullish movement to $1.03 is expected to happen.
BRIEFING Week #39 : Something is Brewing, be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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long FXSCRYPTOCAP:FXS broke through the resistance level. Bullish movement to $6 is expected to happen.
RIPPLE Risky Long! Buy!
Hello,Traders!
RIPPLE is trading along
The rising support and
The price is now retesting
It so I think that there is
A chance for us to see
A bullish rebound
Buy!
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short ATOMNASDAQ:ATOM broke through the support level and the ascending trendline. Decline to $6.38 is expected to happen.
long 1inchCRYPTOCAP:1INCH broke through the resistance level and the descending trendline. Bullish movement to 0.3$ is likely to happen.
short FXSCRYPTOCAP:FXS broke through the support level and the ascending trendline. Decline to $4.94 is expected to happen.
#btcstarburst CUP AND HANDLE?Is this pattern still going to play out on the macro as the gann pattern shows… offered many lines of support and resistance to get you there for the people that can read complex… Good luck
BRIEFING Week #38 : ECB done, FED incoming !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BTCUSDT.P Crypto Trading System is about to guve an entry signal.
Enter Long at this 30min bar close.
Will update with SL
1% High Leverage
Live to trade another day
