BTC ahead supports and compression of buy ordershello everyone
according to the us CPI 8.6% and highest number in past 40 years
probbably we walk throgh 0.75% interest rate increase.
so we lost 25500 support and now on 23500.
if we lose this level we can downward to 22000 and 20000 area
and after that 18000-19000.
this levels are so exciting for longterm holders and its an incredible accumulation phase.
but if the inflation dont stop , we also can see lower supports like 17000 or maybe 12000!
but according to the compression of buy orders in 20000 - 23000 levels i think these levels are
very important and if inflation record a high level and start to go down we dont go lower from this
levels.
Exciting
Path to new ATH?I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to respecting the ascending channel without fault, MANA has been pretty easy to speculate. It even follows rules with regard to time as a function.
IF YOU BELIEVE MANA CAN HIT UPWARDS OF $5, $9, $10+, there has to be a path and the current setup could be HOW WE GET THERE. What we are seeing now is the formation of a massive Cup and Handle on the macro chart, with what will bring all-time highs. It's target is massive and supported by the 1st leg up on the Fibonacci extension. I think/hope we are here. At the very least, I'm bullish on the short-term micro chart as a smaller C&H is forming, also confirmed by the short-term Fib. extension. This short-termT cup may be just the catalyst we need to break higher, and then onto the "big picture C&H."
All that being said, BE CAREFUL. One good reason to be skeptical is that I generally don't use data from the original pump when making a forecast. However, I've also missed out more than not when doing so. I'm a "chart guy" and this is just what the chart is saying, in how I'm reading it. Too good to be true? It should be, but this is not the Fortune 500 market. 45% spike isn't ever out of play and happens frequently. Look for a break above $4.38 and keep an eye on the micro 13% gains? This is definitely worth paying attention to. This is just an idea that I'm sharing with you...not financial advice. I'm looking forward to watching this play out. Keep in mind, this target may not happen in a day...we still have to break out of the triangle, AND pass the ATH...this little 13%+ cup will put us out of the triangle and just below the ATH. A lot of potential volatility and stomach aches ahead. Volatility = opportunity. Set stop losses, don't invest more than you can afford to lose, and good luck. Let me know if you are seeing something very different, please.
Now for Ethereum there are 2 ways!Hello Cryptofans!
Ethereum got a strong pump and now we are trading around the uptrend resistance.
Now it can go at this to ways:
1: It will retest the bottom of the uptrend and then come up over the alltimehigh.
2: It will pump above and then it get a heavy correction to around 1000 dollars. The money will go in Bitcoin.
bye your Analyst Henrik M.S
🎾 Match Point 🎾 French open Stade Roland Garros 1983...
It is 45 to 55 that the bears make the match by turning the market around. We see a 55% chance for the bears to win the match by pushing down prices in the direction of $1900. However, with a 45% chance, the bulls are on the heels of the bears. We have highlighted a potential turnaround zone. Should the bears waste this opportunity and the resistance at $2001.2 is broken, price levels of $2120 are on the map. The next price movement will determine the direction of the upcoming weeks. A way to trade the scenario would be to plant entry orders above $2001.2 and below the purple trendline.
Happy Trading!
ERDBTC really excites me!Seeing ERDBTC today really excites me! Not only did ERDBTC price bounced off the 0.00000175 level. That levels also saw the converging of all impt EMAs! EMA 55 and EMA 200 provided a good support to ERDBTC. IN addition, the downward trendline also hit near 0.0000175 as well. ERDBTC has traded firmly above that today. Momentum seems to be gaining as well!.
To me this is a no brainer trade, you can obviously buy her and do a tight stop below the 200 EMA!
DADDY`s Whales do like 200MA and Golden Cuts!# Check THIS!Hey guys,
an iddition to my post below in the comment section!
BTC is really fighting with these god damn 61,8% Retracement-Levels and lieks to sell them.
In addition, we still have a bearish market forming lower highs at 200 Moving Average.
Will we defend 7.000 and stay inside that range?
Or do we finally break out of this Downtrend?
Is 61,8% Retracement-breakout the key? ;-D
We will see.
Peace and good trades
Irasor
Trading2ez
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