Bitcoin (BTCUSD): Bearish Wave is Coming?! ₿
Bitcoin is trading in a minor bearish trend on a daily.
After the price set a new lower low lower close, the market started to consolidate within a symmetrical triangle.
Its lower boundary was broken yesterday.
I believe that a bearish breakout is the sign of the strength of the sellers.
BTC may keep falling to 24400.
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Cryptolevels
Keep it Simple🧧 4Hr Resistance Zone in a Short Term Downtrend ₿It is Safe to Say that after looking at the Weekly chart, Bitcoin will likely see more downside to come.
We can observe Bearish market Structure on the Weekly Chart. A LL on the second week of April(27,566$), a Lower High on the first week of May (29,236$) and now a New LL (26,931$) on the Second week of May.
Price is stair stepping it's way down. Gracefully. But with that said we may see a fierce drop to come as we have seen in Years Past on BTC. We can recall that when investors and institutions dump BTC they do not hesitate.
The Daily Candle is About to close Bullish. However we can at least anticipate a Lower wick and bounce off our 4Hr Zone 27,430$
On Monday of this week Price respected our 27,600$ Weekly S/R Level.
Price in Medium Term has eased off our June 2022 30,000$ Weekly S/R level and is pulling down.
With clean traffic to the left on the 4Hr Timeframe I can visualize price dropping once we return to 26K again.
Our Next Stop on the Daily timeframe will be 24,374$ .
For Buyers we are at the extreme lows of our Daily Range between 26,700$ and 30,500$. Price is testing the extreme Lows. Will Buyers step in to protect these Medium Term Lows or will BTC print fresh lows alongside the Stock market as Inflation stays steady above the Fed's 2% Target.
I think at the Bare Minimum we can anticipate a Short term range between 27,600 Weekly S/R level and 26,700 Daily Level. We are selling the top of the range.
Not Financial Advice
For Educational Purposes Only.
This is Price Action combined with Multi-Timeframe Analysis.
BTC Faces Bearish Conditions 🐻⚡️ Will LTC Defy the Trend? 🌩️🚀The global crypto market faces cloudy weather with some sun ⛅️ in the next 24 hours, as the failure to reach an agreement on the US debt ceiling weighs on the market sentiment. This translates into a slightly bearish market 🐻 with downside risk for several currencies, Bitcoin included.
The weather is however stormy ⛈️ – signaling an imminent rebound – for Litecoin today. Litecoin has been subject to profit-taking 💰 after interest for this crypto asset soared following its release of its own LTC-20 standard earlier in May.
Over a one-week horizon, cloudy weather with some sun ☀️ is predicted for Bitcoin and Binance Coin. This forecast can be translated into a slightly bearish market 🐻 with downside risk. The outlook is brighter for Ethereum and Ripple where a slightly bullish market 🐮 with upside potential is likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Bullish Hidden Divergence $PEPEI found out Bullish Hidden Divergence for $PEPE.
It is also in the support zone. If support doesn`t break, then huge parabolic prices are coming!
Just wait for what happens with the support zone, I suggest using Stop Loss!
Seems in my previous analysis I missed where should wave B ended, but now it seems to be finished mostly, because of these points:
1. Bullish hidden divergence
2. Support zone.
I think it is ready to start wave C.
Disclaimer: Use stop loss and trade with your own risks.
LTC Storms Towards a Rebound ⚡️🌩️ Will BTC and BNB Follow Suit?The global crypto market faces cloudy weather with some sun in the next 24 hours ⛅️, as the failure to reach an agreement on the US debt ceiling weighs on the market sentiment. This translates into a slightly bearish market 🐻 with downside risk.
The weather is however stormy ⛈️ – signaling an imminent rebound – for Litecoin today. Litecoin has been subject to profit-taking 💰 after interest for this crypto asset soared following its release of its own LTC-20 standard earlier in May.
Over a one-week horizon, cloudy weather with some sun ☀️ is predicted for Bitcoin and Binance Coin. This forecast can be translated into a slightly bearish market 🐻 with downside risk. The outlook is brighter for Ethereum and Ripple where a slightly bullish market 🐮 with upside potential is likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
ADA, MATIC, AVAX Shining Bright 🌴☀️🔥 What About BTC, ETH? Tropical conditions 🌴 – very bullish with some upside potential – are predicted for Cardano, Avalanche, and Polygon in the next 24 hours. This means that a slightly bullish market with upside potential is highly likely.
Sunny weather with a few scattered clouds 🌤️ lies ahead for the global crypto market, including Bitcoin and Ethereum. Investors anticipate a US debt ceiling deal. Over a one-week horizon, ATTMO expects cloudy weather with some sun 🌥️ for Bitcoin and Ripple, translating into a slightly bearish market with downside risk.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Will BTC Break and Bounce from their 200 Moving Average or Fall?In light of recent market trends, Bitcoin is set to pump due to its strong respect for the 200 EMA as a key support level, indicating robust investor sentiment. Coupled with increasing institutional adoption and favorable market indicators, this sets the stage for a potential bullish surge in Bitcoin's price.
While strong indicators suggest a potential upswing, it's critical to understand that market cycles are inherently unpredictable and don't always follow historical patterns. Investment decisions should always account for the volatility and risk associated with the crypto market, underscoring the importance of a well-diversified portfolio.
For an altseason to kick off, typically, we would first need to see Bitcoin consolidate or slowly trend upwards without extreme volatility. This stabilization often leads investors to look for higher returns in altcoins, pumping more money into the broader crypto market. It's crucial to remember, though, that these market cycles can be unpredictable, and risk management should be a top priority during any potential altseason.
"What are your top picks for the next altseason and why?"
"Do you agree that a Bitcoin consolidation phase could signal the start of an altseason?"
"What strategies do you use to manage risk during a potential altseason?"
"What indicators are you looking at for potential crypto market movement?"
"In your opinion, how does Bitcoin's current behavior align with previous market cycles?"
"What's your perspective on the correlation between Bitcoin's performance and the altcoin market?"
Keep an eye on $TOMO/USDTGetting ready for Bullish Wave $TOMO/USDT
Target mentioned
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
Ethereum -> Still Stuck At The $2000 LevelHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recently once again retested a quite massive weekly structure area at the $2000 level which is now turned resistance again.
However you can also see that overall market structure and moving averages are still quite bullish, in my opinion we also already saw the bottom of the bear market so I am now just waiting for any opportunity to then get long Ethereum for the next bullrun.
On the daily timeframe you can see that Ethereum shifted back to a bearish market by breaking below the $1825 structure level, so I am now just waiting for either a break back above the zone or a retest of the next support at the $1675 level before I then do expect more upside potential.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> Think Long TermHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking, Bitcoin is already rejecting quite obvious previous weekly support which is now turned resistance at the $30.000 level.
You can also see that from a long term monthly perspective, it seems like Bitcoin is eventually entering the next bull-cycle, so I am already heavily invested and I am also looking for bullish pullbacks to then enter some long trades.
On the daily timeframe you can see that market structure is currently bearish with Bitcoin breaking below the previous daily support at the $27.600 level, so I am now just waiting for a break back above the zone and then I do expect also more daily upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ANTUSDT worth the long?ANT is currently seeing some good price action as it breaks through the AVWAP from the most recent high. With above average volume, a good close to end the day would confirm a breakout.
With risk just below $3.15, ANT seems a good long with a target around $3.80 - Buyers could look to scale out rather than book profits at a pre-determined level.
Exhaustion Ticket 🎫 << EthereumEth is currently trading in a tight raneg between 1874 Weekly Resistance Level and 1775 Weekly Support Level.
After taking a Look at the monthly Candle it appears Eth may be out of Gas. April's 23' Monthly Candle closed in a quite exhausted fashion.
The Top wick of April's Monthly candle is 5 times larger than the body of the candle. So far and through the first 2 weeks of May, we pushed up but price didn't sustain it's trajectory as it currently sits at a -2.58% difference on the Month.
Bulls haven't done much which only confirms our previous thoughts.
1775 Appears to be rather resilient for the Bulls but I value the monthly timeframe over the Weekly timeframe obviously.
We are seeing exhaustion at our 1831 4Hr Zone. May we revisit the Lows of the Range once again?
Target for Shorts being 1795 Daily Level.
MATIC ROCKET Matic expecting a long rocket movement, Next week’s rocket launch targeting mid second high level of the market as on 1 day tmf
BTC, ETH, XRP 🌤️ ADA: Ready for a Bullish Surge? 🚀🌟Sunny weather with a few scattered clouds lies ahead for the global crypto market🌤️, including Bitcoin, Ethereum, and Ripple in the next 24 hours, according to ATTMO. This means that a slightly bullish market with upside potential is likely. ☁️⚡️
The weather is however tropical – very bullish with some upside potential – for Cardano today. 🌴🚀
Over a one-week horizon, ATTMO expects cloudy weather with some sun for both major cryptocurrencies – Bitcoin, Ripple, and Binance Coin. This forecast can be translated into a slightly bearish market with downside risk. ☁️⛅️
Follow us for valuable insights and stay ahead of the market trends. 📈🌐
COCOS: Will Whales Drive This Coin to $15 with Volume ++The majority of the crypto market is currently stable. One of the top coins that whales can get more interest in is cocos same time it can be driven towards important targets of 3, 9, and 15 USD.
We will closely monitor this coin in both the short term and the long term.
Upon studying patterns, it has become evident that COCOS has displayed a significant trend indicating a high possibility of a breakout. However, it's important to note that a trend pattern does not guarantee absolute accuracy and should be validated by ongoing trends. We will continue to track this coin's progress in the coming time.
There is a likelihood that COCOS will experience a breakout, allowing the coin to defy the current trend and potentially surge with increased trading volume. We anticipate that this possibility has a high chance of materializing in the coming time.
Please note that this information does not constitute trading advice. Always conduct your own research and analysis.
BTC, ETH 🌥️ Does XRP Shine Brighter? ☀️Sunny weather is ahead with a couple of scattered clouds ⛅️ for Bitcoin and Ethereum 🚀, in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This means that a slightly bullish market with upside potential is likely. 📈
The weather is tropical 🏝️ – very bullish 🐂 with some upside potential – for Ripple today, boosted by signals that the judge in charge may rule in XRP’s favor in the US.
Cardano, Polkadot and Binance Coin also have some upside potential.
📆 Over a one-week horizon, both Bitcoin and Ripple are likely to be trading in a bearish market 🐻 with downside risk.
Stay informed! Follow us for more updates and insights on the evolving crypto landscape. 🔍💼
XRP - Tropical Bullishness 🌴☀️ BTC, ETH ☁️ or 🌞 Outlook?The global crypto market faces cloudy weather with some sun 🌥️ in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This implies a slightly bearish market with downside risk. ⚠️
The weather is however tropical 🌴 – very bullish 🐂 with some upside potential – for Ripple today after a court decision in the US triggers hope Ripple may eventually win an ongoing court case against the Securities and Exchange Commission (SEC). Such a ruling would bring regulatory clarity to the US crypto sphere. 🤞
The forecast is equally upbeat for Cardano, Binance, and Dogecoin in the next 24 hours. ⚡
Over a one-week horizon, ATTMO expects cloudy weather ☁️ with some sun ☀️ for both major cryptocurrencies – Bitcoin and Ethereum. Cardano faces sunnier weather, so has upside potential over the coming week. Dogecoin faces stormy weather ⛈️ ahead, which signals a drawn-out bear market with an imminent market rebound possible over the next week. 📉🔄
Follow us for more crypto weather reports!