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Comprehensive Analysis of $BTCUSD Price Movements, Halving ImpacIntroduction: This analysis explores critical factors influencing Bitcoin's price movements, including technical analysis, halving effects, trading setups, and recent market news. Technical Analysis - BTC/USDT Chart: Analyzing the BTC/USDT chart, a retracement to $34,000 is expected, forming a potential bull trap. Subsequent downward momentum is foreseen, reaching $29,000-$30,000, attracting smart money. Further projections include breaking resistances at $50,000, a brief pullback to $44,000 (CME gap zone), followed by a surge to $74,000. A correction to $55,000 ensues, paving the way for continued bullish trends to $81,000-$83,000. A substantial correction is anticipated thereafter. Halving Information: The impending Bitcoin halving introduces challenges before the event, emphasizing the need for strategic decision-making, especially in the context of emerging ETF developments. Trading Setups and Corrections: Current market dynamics reveal a correction phase nearing completion. Traders should monitor for potential entry points as this phase concludes, setting the stage for the next upward trajectory. Financial News Impact: Recent financial news highlights the launch of Salvadoran Bitcoin volcano bonds in Q1 2024 post-regulatory approval. This development could positively influence market sentiment, impacting Bitcoin's price dynamics. Ethereum's 2024 Prospects: JPMorgan forecasts Ethereum's outperformance over Bitcoin in 2024, adding complexity to the cryptocurrency landscape and emphasizing the importance of diversification. Conclusion: In conclusion, the analysis suggests a nuanced journey for Bitcoin, marked by retracements, bullish phases, and corrections. The impending halving, evolving trading setups, and external factors such as financial news and Ethereum's performance contribute to the dynamic nature of the cryptocurrency market. Traders are advised to exercise caution, stay informed, and adapt strategies to navigate the inherent volatility in the crypto space.
BINANCE:BTCUSDShort
by wikitrades
ADAUSDTADAUSDT We suggest considering the option with growth. If ADA manages to break through the green resistance line and consolidate higher, then the growth option will become a higher priority. When breaking through the resistance line, you should pay attention to the following targets: 0.3749 – 0.4479 – 0.4978 – 0.5601. The growth scenario will not be relevant if the price can break through the red support and consolidate below the level of 0.243 In case of growth, do not forget that the higher the goal, the more dangerous it is. Don’t be greedy and fix part of the profit in time so that a sharp drop does not eat up all the profit. The idea is medium term. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
by Andrey_Crypto
1
TOTAL2TOTAL2 TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC. On the chart, after a long accumulation since May 2022, we see the first glimpses of growth. 2 week green candles. For further growth, we need to break through the green resistance and gain a foothold above it. After this we will be able to take the following targets: 733 - 834 - 899 If this happens, then we will see how all the alts will start shooting. In case of updates, we will definitely inform you. Don't forget to show your support by like(rocket) and comment✅
CRYPTOCAP:TOTAL2
by Andrey_Crypto
2
DOGEUSD: Forecast 2023DOGEUSD: Forecast 2023 Medium term idea. The coin has been in accumulation for more than a year. As a rule, after such a long accumulation, an impulse growth follows. Most likely he will be somehow connected with Musk and Twitter. After breaking through, we expect taking such targets on the chart: 0.1187 - 0.1396 - 0.1653 - 0.2027 We also offer the idea of a more local trade: You can trade in the green channel. When the price approaches the resistance zone, we fix the part, and re-enter on the rebound down. At the same time, we advise you not to touch the main part of the deposit, which lies in the doge, when the pump starts, the price will very likely fly up without any rebounds and retests. If you like the idea, don't forget to subscribe and rate like👍
BINANCE:DOGEUSD
by Andrey_Crypto
XRPUSDTXRPUSDT At the time of writing this post, the price is at the level of 0.57 and is trying to break through the key resistance at the level of 0.58. If buyers take the initiative and are able to push the price higher, we will see a likely breakdown of this resistance (red line). If after breaking through we are able to gain a foothold above the level of 0.58, then we will very likely see further growth. In this case, our targets will be the blue lines: 0.6806 - 0.7314 - 0.8388. In case of any significant updates, we will update the idea. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BITSTAMP:XRPUSD
by Andrey_Crypto
4
SOLUSDTSOLUSDT The coin began to grow well from the end of September and is now trading in the green channel, which began to form in April 2021. There are quite large volumes in the channel itself. This creates some problems for the buyer, because it is very difficult to break through such volumes quickly. Perhaps we will remain in this green range for a long time. For further growth, you need to break through the channel resistance and gain a foothold higher. In this case, we will consider the goals: 1 - 56.53 2 - 67.36 3 - 77.4 There are almost no volumes up to the level of the last target. In case of growth, do not forget that the higher the goal, the more dangerous it is. Don’t be greedy and fix parts of your profits on time, so that a sharp drop doesn’t eat up your entire profit. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
by Andrey_Crypto
1
BTCUSDTBTCUSDT We are currently seeing some interesting BTCUSDT price action. The second time the price is trying to break through the strong resistance at $31162. We consider two scenarios. Bearish scenario: If BTC fails to break through the indicated resistance and bounces off of it, we may see a reverse bounce down. Our green trend line may come under pressure and if the price moves lower, the next support levels are in the $23345-$19942 range. Bullish scenario: In the event of a breakdown and holding positions above the $31162 resistance level, this may open the way for further growth. Here our targets will be in the range of $33900-37100 Our recommendation: We advise you to keep 10-20% of your deposit in BTC in case the 2019 scenario repeats. Good luck and good deals! If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
3
ETHUSDETHUSD Thoughts On the ether chart, we observe uncertainty, as well as on all market assets in principle. The chances of going up or down are literally 50/50. I would refrain from trading ETH for now, because I don’t really like such situations. But for those who trade, I will highlight the main theses on the chart: The blue lines indicate the nearest targets in case of a breakout of the chart up. These are the levels: $2113 - $2271 - $2457 Support levels are marked with red lines: $1532 - $1717 Global support is at $1379 Of course, it is worth focusing strictly on BTC and its reaction. While we are monitoring the market and in case of any updates we will inform you about everything. If you like the idea, don't forget to subscribe and rate like👍
BITSTAMP:ETHUSD
by Andrey_Crypto
2
DXY (USD Index)DXY (USD Index) DXY is a measure of the value of the US dollar against a basket of 6 major world currencies. If the DXY goes up, it means that the dollar is getting stronger. Now DXY has broken the downtrend and is at the level of 104.17. This may indicate the growth of the US economy or a decrease in global risks. 📗Following targets are indicated on the chart with blue lines: 105.25 - 106.33 - 107.67 But how does this affect the crypto market? First, a strong dollar may reduce investment in risky assets such as cryptocurrencies, as investors may prefer safer assets. Secondly, with the growth of the dollar, the price of cryptocurrencies, expressed in dollars, may artificially decrease. But remember that the cryptocurrency market is subject to its own laws and can sometimes ignore the classic laws of the financial market. Stay connected and stay tuned! If you like the idea, don't forget to subscribe and rate like👍
TVC:DXY
by Andrey_Crypto
1
ATOMUSDTATOMUSDT Parsing A symmetrical triangle pattern appeared on the chart. Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend. It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction. In short, the symmetrical triangle is the most misunderstood of all triangle patterns. So far, the following picture has emerged on the global chart: The main support for atom is at $8.494 and $6.393. In the event of a collapse of the entire market, it is worth looking for rebound zones at these levels. We would not recommend taking short-term positions yet. It is worth waiting for the breakout of either support or resistance of the symmetrical triangle. In case of breaking through the resistance, it is worth considering the following targets: 17.124 - 19.925 - 23.621 (marked with blue lines on the chart) If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
4
LTCUSDTLTCUSDT Litecoin may exit the falling wedge upwards. This pattern is a bullish pattern that usually leads to higher prices. In case of successful completion of the pattern, the targets are considered at the level: $94 - $98 - $100.55 At the same time, we advise you to enter the position only with a small percentage of the deposit, because BTC can very likely go even lower. In this case, the reaction will be appropriate. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
XRPUSDXRPUSD Thoughts After a long consolidation, Ripple has received a new impetus. At the moment, the price is approaching the global resistance zone at the level of 0.6. If XRP is able to break through this level and gain a foothold above it, then the likelihood of further upward momentum increases. In this scenario, we consider the following targets (indicated by blue lines): 0.6916 - 0.7476 - 0.8358 - 0.9038 We advise you to buy XRP 1% -3% of the deposit. It is also worth remembering that Ripple very often it goes against the market. It is worth remembering this and being prepared for such an outcome. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
DASHBTCDASHBTC Thoughts Today we will analyze the DASHBTC chart. Since the momentum of 2017, the asset seems to have died. This was the peak, after which we saw only a decline. At the moment, the price has broken through another bottom and went into the area of the 2014 zone. There is no asset, no volumes either. We are now below the 0.005 zone and continue to make new lows. The asset is losing its relevance, we advise you not to consider it as an investment or speculation yet. In case of any interesting updates on the chart, we will definitely inform you. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
BTCUSDTBTCUSDT Thoughts At the moment, there is a fading on the chart after the March impulse. A local resistance zone has formed and the price is gradually declining towards support. Trying to guess where the course will go now is like playing roulette. An upward trend can only be considered after the red resistance line has been broken. Before that, there can be no talk of a global long. In case of a decline, you can look for rebound zones near the red lines at $24,370 and $23,650. At the moment we are sitting without large positions in anticipation of a reaction on the chart. There is no need to rush now. Our task is not only to earn, but also not to lose. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
ZECUSDTZECUSDT: Channel trading Price fixes below high volumes Most likely, for some time the price will be traded in the channel, it is not worth buying in the middle of the channel. Support about 39-26 If the $26 support is not triggered by the end of the bear market, the price will be looking for a new bottom. -------------------------------------------------------------------------------------------------------------- ✅If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto