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Cryptoforecast

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
Why 2024 Could Spell Bullish Success for the Crypto Market? The roller-coaster ride of the crypto market never fails to pique the curiosity of traders and enthusiasts alike. As Bitcoin, the luminary of cryptocurrencies, continues to chart its course, the prospect of a bullish market in 2024 has sparked widespread anticipation. This article delves deep into the fascinating world of Bitcoin's halving event and its profound impact on market dynamics. So, buckle up and join us as we uncover the factors propelling Bitcoin's potential surge and the implications for you as a trader. The Significance of Halving Picture a recurring event, happening roughly every four years, that halves the reward for Bitcoin miners and slows down the supply of new Bitcoins. This event, known as halving, is a cornerstone of the Bitcoin ecosystem, designed to maintain scarcity and keep inflation in check. The past halvings in 2012 and 2016 catapulted Bitcoin to new all-time highs. So, it's no surprise that the forthcoming halving in 2024 is expected to set the stage for a similar spectacle. Market Dynamics and Bullish Predictions The world of crypto trading is a game of anticipation, with traders keeping a close eye on market dynamics to predict future price movements. Amidst a sea of perspectives, many industry insiders, including Huf, the founder of Pear Protocol, see a bright future for Bitcoin in the first quarter of 2024. Huf's bullish sentiment is fueled by the expected onset of the next bull market during this period, underpinned by positive narratives and conducive market conditions. *Bitcoin Dominance: Bitcoin Dominance means how much the ratio is in the total crypto market cap. Bitcoin and Market Cap: A Direct Correlation The value of Bitcoin, the leading cryptocurrency, plays a critical role in establishing the overall temperament of the cryptocurrency market. The market cap of Bitcoin, a value obtained by multiplying the current Bitcoin price by the total number of Bitcoins in circulation, increases as Bitcoin's price surges. This results in a higher valuation of the entire cryptocurrency market. Thus, Bitcoin's market cap serves as a yardstick for other cryptocurrencies, with their prices often moving in the same direction as Bitcoin's. The Ripple Effect on the Cryptocurrency Market Bitcoin's correlation with the market cap deeply impacts the cryptocurrency market. A bullish trend in Bitcoin, leading to an increased market cap, fosters positive sentiment and boosts investor confidence in the overall market. This confidence translates into increased buying activity and heightened demand for other cryptocurrencies, propelling their prices. Additionally, Bitcoin's rising market cap draws new investors and institutions to the crypto arena, viewing it as a lucrative opportunity. This capital influx further intensifies the bullish market sentiment, escalating the prices of other cryptocurrencies. Driving a Bullish Cryptocurrency Market The correlation between Bitcoin and the market cap can trigger a bullish market within the cryptocurrency sector due to a combination of factors. Firstly , Bitcoin's dominance and influence in the market render it a significant indicator of overall market trends. An upswing in Bitcoin's performance injects confidence into the market, enticing more investors and catalyzing price hikes across the board. Secondly , the increased Bitcoin market cap creates a perception of the cryptocurrency market as a viable and profitable investment channel, sparking demand and price appreciation for other cryptocurrencies. Lastly , the positive market sentiment borne from Bitcoin's bullish trend generates a self-reinforcing cycle. In this cycle, investor optimism and FOMO (Fear of Missing Out) stimulate further price escalations, culminating in a bullish market for the entire cryptocurrency ecosystem. Narratives and Media Influence Storytelling plays a powerful role in shaping market sentiment and price fluctuations in the crypto sphere. The narrative of Bitcoin as a potent disruptor of traditional financial systems has steadily gained ground. The green light for the first spot Bitcoin exchange-traded fund (ETF) in the United States in 2024, as highlighted in the Cointelegraph's Market Talks episode, further reinforces this positive sentiment. Such milestones have the potential to create waves, drawing in institutional investors and boosting demand. External Factors and Potential Risks However, it's not all smooth sailing. Beyond the halving event and favorable narratives, other elements can sway Bitcoin's market trajectory. Geopolitical tensions and global economic conditions can inject volatility and uncertainty into the mix. As a trader, it's vital to take these factors into account and diversify your portfolio to cushion against potential shocks. Preparing for the Bull Market With the potential bull market of 2024 around the corner, it's time for crypto traders to gear up. Adopting careful strategies to amplify gains and curb risks is the order of the day. Comprehensive market research, staying on top of industry news, and maintaining a disciplined approach are your keys to success. Moreover, spreading your investments across different cryptocurrencies and setting realistic profit targets can help you navigate the market's inherent volatility. The tantalizing prospect of a bullish Bitcoin market in 2024 presents a golden opportunity for crypto traders. The forthcoming halving event, combined with positive narratives and potential institutional adoption, lays the groundwork for potential price appreciation. But remember, staying alert to external factors and market risks is just as important. By staying informed, adopting robust trading strategies, and taking a long-term view, you can position yourself to capitalize on the expected bull market in 2024. Follow and Boost for your financial success ! Write your thoughts in the comment section.
BNC:BLX
by Wealthy_Stats
2
$STMX breakout Bullish SymmetricalWhat is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by UnknownUnicorn26572303
5
BTC Sunny Upside 🌞 LTC, BNB Facing ☁️?Mixed conditions ahead on the global crypto market with XRP, Bitcoin, and Ethereum facing sun 🌞 in the next 24 hours and week ahead. This signals a slightly bullish market with upside potential. However, Litecoin, Binance, and Dogecoin face clouds ☁️ in the next 24 hours, indicating a slightly bearish market with downside risk. Over a one-week horizon, this negative trend should turn into a positive one as the sun returns and shines over these crypto coins. 🌤️ Follow us for more crypto weather reports! Disclaimer
COINBASE:BTCUSD
by ATTMO
BTC, ETH, Alts ⛅ 24-Hour OutlookSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off. Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰 Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
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
1-Week Forecast: BTC, BNB, ADA ☀️ ETH, XRP ☁️? The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend. Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and Matic. On the other hand, Bitcoin, Binance, and Cardano enjoy sunnier trading conditions ☀️, suggesting a continued upside potential. Follow us for more crypto weather insights!
BITSTAMP:BTCUSD
by ATTMO
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
🌧️ Outlook for Ethereum & Altcoins; ☀️ for BTC & BNBEther and many other altcoins face cloudy ☁ or even rainy conditions 🌧️, signaling a bearish trend with downside risks according to ATTMO. However, sunny weather with a few scattered clouds lies ahead for Bitcoin and Binance in the next 24 hours ☀️, painting a slightly bullish market outlook as investor interest in the crypto sphere remains strong. Over a one-week horizon, ATTMO predicts prevailing sunny trading conditions across most of the crypto market. 📈 Follow us for more crypto weather reports!
BINANCE:ETHUSD
by ATTMO
Crypto Summer Thrives! 🌞 1-Week Forecast Unveiled! 🌧️/ 🌞 ? The crypto summer is in full swing with sunny skies ahead! 🌞 🚀 Sunny weather is ahead in the coming hours as well as over a one-week horizon. Asset managers' ETF applications are fueling the demand for Bitcoin, paving the way for an exciting market outlook. We can anticipate additional players, such as Fidelity, filing their applications in the near future. 📈 These favorable conditions signal a slightly bullish market, presenting potential upside opportunities for the crypto sphere as a whole. Follow ATTMO Times to stay ahead of the curve!
BITSTAMP:BTCUSD
by ATTMO
Crypto Summer Sizzles On! 🌞 But What's the 1-Week Forecast?The crypto summer is in full swing with sunny skies ahead! 🌞 🚀 Sunny weather is ahead in the coming hours as well as over a one-week horizon. Asset managers' ETF applications are fueling the demand for Bitcoin, paving the way for an exciting market outlook. We can anticipate additional players, such as Fidelity, filing their applications in the near future. 📈 These favorable conditions signal a slightly bullish market, presenting potential upside opportunities for the crypto sphere as a whole. Follow ATTMO Times to stay ahead of the curve!
by ATTMO
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