Bitcoin -> Shaking Buyers And SellersHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside.
With Bitcoin trading in a daily range at the moment there is nothing too interesting to trade at the moment so it is best to wait for a bullish breakout before we could then see another major move towards the upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Cryptolevels
Bitcoin Its IMO highly likely you get some sort of scenario like this over the next few months and into this winter.
Once we break that $32- BER:33K level there really isn't any R until the $37k range and its HIGHLY unlikely we go up there and smash through with a real pullback which we have yet to have for a while now. You need that kind of FAST and DRAMATIC pullback that causes some capitulation as well as panic in the streets and on CT/YouTube etc.
BUT in the BIG picture this is stage 1one of the BULL IMO.
I think that $15k range is/WAS the BOTTOM. I highly doubt anyone gets a chance for re entry down there.
Its highly unlikely you ever see $20k again.
I think ther closest you get to it is the $22-$24k range which most likely also will not happen for most and the BEST you can HOPE for is catching a retest to FWB:25K range.
IMO most will be LUCKY to ever catch Bitcoin again under $28k
I will HAPPILY be wrong and WAITING to buy MORE.
UNLESS they can actually crash Binance AND other FUD at SAME time i don't see sub $20k EVER coming again. Even with WAR and stock market crash.
🌧️ 24 Hours, But Bright Week Ahead For BTC, BNB; XRP, ETH? 🤔
Clouds ☁️ and rain 🌧️ ahead for the global crypto market in the next 24 hours, signaling a slightly bearish market with downside risk. The additional rate hikes looming in the US make investors 💰 cash in on their profits.
Over a one-week horizon, the sun ☀️ will return on Bitcoin and Binance, translating into a slightly bullish market with upside potential. Other altcoins such as Ether and XRP won't profit from this upward trend and are likely to continue to face downward pressure over the coming week.
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XRP, BNB 🌧️ In the Next 24H! ETH, DOGE, LTC 1-Week Outlook ☁️? The sun will continue to shine over the global crypto market 🌞 , overall signaling a slightly bullish market with upside potential in the next 24 hours. Binance and XRP ☔️ buck this positive trend, with a downtrend likely.
Over a one-week horizon, the forecast is mixed with the positive trend continuing for Bitcoin. Other altcoins, such as Ethereum, Dogecoin, XRP, and Litecoin, may face cloudy days ☁️, indicating a bear market with a slight downward trend. 📉
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BTC : THE 47K TARGET BTC has previously aimed for the significant target of 31K. Given the patterns observed in the last BTC cycle, there is a strong possibility that it will now strive to reach 47K.
However, it may take some time for BTC to reach the 47K target. This prediction is based on technical analysis and the current trend exhibited by BTC.
The current level where BTC stands has historically shown resistance, and it could play a crucial role in breaking through to $32,800. Once that happens, there will be an open pathway towards the 47K trend.
Is BNB Heading for a Downtrend? ☔️The sun will continue to shine over the global crypto market 🌞 , overall signaling a slightly bullish market with upside potential in the next 24 hours. Binance and XRP ☔️ buck this positive trend, with a downtrend likely.
Over a one-week horizon, the forecast is mixed with the positive trend continuing for Bitcoin. Other altcoins, such as Ether, Dogecoin, XRP, and Litecoin, may face cloudy days ☁️, indicating a bear market with a slight downward trend. 📉
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MDT : PRICE PREDICATION 2023/2024 = $1This price prediction for MDT based on technical analysis and updated trends provides insights into potential changes in the coin's chart.
It is highly likely that our update and the price action in the year 2023-2024, potentially reach a price of $1 USD or even higher.
However, it's important to note that this prediction is a beta projection, which means there is no guarantee that the price will follow the exact trajectory suggested by the chart idea.
For daily updates about MDT coin follow:
For the cycle update 2023 follow
This is a long-term update, its normal if the coin stays for some time stable or even gets a recovery, it's about the full idea of predication 2023-2024
This update is based also on AI trends of this coin, and the developments this coin going to do.
Rainy Outlook for LTC? 🌧️ Litecoin (ahead of its halving in less than a month’s time) faces cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. The same goes for XRP.
On the other hand, sunny weather ☀️ with a few scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
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⛅️ for the Global Crypto Market, 🌧️ Outlook for XRP, LTCSunny weather ☀️ with scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
⚠️ XRP and Litecoin (ahead of its halving in less than a month’s time), however, face cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk.
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Momentum gaining traction after Monthly Close 🚀The final week of June was spent consolidating as some Buyers took profit and Short Sellers have attempted to force price down. After the Monthly candle closed on Saturday, we can see it as the beginning for a new ascent. Since then price has climbed 2.35% at the time of writing and reached a high of 3%. Weekly timeframe : There is no Supply AKA Resistance level on the weekly timeframe up to $47K. As long as the Weekly timeframe holds above $30,328 Weekly Support Level, we can look for higher prices. Daily timeframe : Our remaining pit stops for a bullish ascent will be a fight to close above $31,352 Daily resistance and $31,787 Daily resistance. After that there will likely be liquidity above structural wick highs at $32,373. I would not be surprised if BTC wanted a retest at $30,715 Daily S/R Zone once more before a further ascent. It used this price level as a resistance for the entirety of last week and it will likley act as a support moving forward.
Bitcoin is Consolidating Upwards ₿Bitcoin is slowly probing into higher prices testing short liquidity and accumulating orders in view. After a 25% pump last week or 2 weeks ago whenever I would've liked to see Sellers take over already. Instead these " High prices" maintain and price sustains itself. Price is creating Higher Lows and is what should be anticipated in an increasing market. My thoughts are that we may see an increase in BTC early in the month here and a consequential pullback later in the month. The Level's I've drawn up will be the most relevant throughout the first half of this month.
Ethereum Retest after a Breakout 📕We've created a bottom wick on the new monthly candle of 2.5%. The Weekly candle closed strongly above the Weekly Resistance zone to the left hand side at $1,909. We can observe a clear Higher high in market structure that formed pushing price up to $1,976. We have clean traffic (clean and clear candles) to the left hand side on the 4hr and Daily timeframe up to $1,995. Textbook break and retest for Ethereum here for a continuation higher. Price is retesting our previous 4hr resistance which may turn into support.. It's possible price may want to retrace a bit more to $1,924 Daily support level that was formed after Sunday's price action.
4Hr Chart ->
Daily Chart ->
EOS Potential ReversalEOS cryptocurrency is currently displaying signs of a potential reversal. The price action suggests that the downward trend may be coming to an end, and a bullish turnaround could be in the cards.
Based on this analysis, my short-term price target for EOS is the $0.83 resistance level.
Looking forward to read your opinion about it.
DOT Polkadot Double BottomIf you haven`t sold DOT here:
Now DOT (Polkadot) has exhibited a promising chart pattern with the formation of a double bottom, signaling a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, potentially paving the way for an upward price movement.
With the double bottom formation in place, DOT has the potential to experience a significant rally, and your first price target of $6.25 seems attainable. As market sentiment improves and buying interest increases, DOT could see notable upward momentum.
Looking forward to read your opinion about it!
BTC: AT THE WEEKLY TIME FRAME BREAKOUT ZONEBTC is currently at a crucial zone. The stability we are witnessing in this zone can be attributed to the historical trend that occurred on May 31st, 2022 when BTC experienced a new low. If BTC manages to surpass the $32K mark, it has the potential to reach a new high of $38K, marking the beginning of a new bull market.
The current zone where BTC is located is critical, and it is advisable to closely monitor whether the trend will continue in this direction. A positive outcome could signify an impending breakout.
There is a good chance that BTC will return to FWB:31K before the new weekly chart.
Solid Monthly Candle & Momentum through Weekly Candle Closure↗️The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside. Our massive liquidations on Friday I believe served as a catalyst for a clear path forward. Looking at the monthly candle we can expect another Higher High on the next candle since it's in an uptrend and that was confirmed with market structure during the close of March's Monthly candle.
It's my belief that we will soon see our deeply feared $30,730 Daily Resistance Level act as a support for price.
BTC ☀️ Trading Conditions; XRP - 🌧️ Ahead? The crypto summer is here to stay, with sunny trading conditions ☀️ reigning, ATTMO’s short-term and one-week forecast shows. This signals that a slightly bullish market with upside potential is likely for Bitcoin and most cryptocurrencies. 📈✨
Ripple’s XRP, on the other hand, bucks this positive trend ☔️, with rainy trading conditions 🌧️ ahead. This translates to a bear market 🐻 with a downward trend. 📉
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Ethereum -> Bullrun Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
27.5$ Top Wick and 25$ Candle Body 🫣 -> Rejection of HighsEthereum is Creating Lowr Lows and Lower Highs as it descends away from our Weekly Supply level $1,915. Price ran into th Weekly Supply level last wednesday and ever since then we have been unable to identify a push to create a Higher high on the Intraday timeframes. Instead price is retracing and it appears to be stepping down stairs in a calculated fashion. As the Monthly candle comes to a close price, we will be able to identify a bearish candle if price closes below $1,873. Price would have to increase +1.6% from the current price to end Break even on the month. If the Monthly candle closes bearish then Bears have established a Resistance. We may then anticipate further downside to fill at least part of the previous monthly candle's bottom wick with momentum carried over. This is the idea behind this Short publishing.
First TP $1,828 Daily Support Level
2nd TP $1,800 Psychological Level
3rd TP $1,723$ Weekly Support Level
Monthly timeframe Outlook : Idea is that we will go to fill at least part of this month's bottom wick with momentum carried over to the next monthly candle