In my opinion, BTCUSDT is likely to experience a pullback to the previous resistance zone, and afterward, we can explore more bullish positions.
Sometimes things move fast. Bitcoin has surged significantly in the past few days, and the cryptocurrency market has followed to some extent. However, the most dominant upward movement is still with Bitcoin when we look at major cryptocurrencies. A few days ago, I mentioned that I thought Ethereum might go down to a support area. This scenario can still happen if...
Its a good support on Daily time frame, now im holdin 30 percent of my portfolio ETH
$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price...
After then #btcusdt price lost the uptrend in late August, #btcprice accumulated and aimed this retest zone at 35 - 36K. If this' the bearish retest, then bear season will be welcomed by #cryptomarket . Also , huge liquidations in 30 - 35K region was claimed , shorters devastated and historical CME gap at 35K filled.. WHAT NOW?.. ;) NOT FINANCIAL ADVICE.
After an initial strong start of 2023, MATIC has generally been selling off all year. Helped by Bitcoin's strength, MATIC has managed to break through the main bearish resistance that was holding back this token. In my eyes, this can be the start of a new bullish trend for altcoins. Looking at 1.5$ target over the next few months.
Tokens have continued their gains over the last week, pricing in the approval of a BTC ETF. The market experienced FOMO yesterday, mainly because Bloomberg analyst Eric Balchunas found that The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Although this is not...
Here' s the chart of ALL #cryptomarketcap #TOTAL1 . As you see #index is now at the historical vertical resistance. This is the 3rd testing of this resistance. - Clear declination will result heavy bloodbath on #altcoins. + Clear breaking out with weekly closings will result a new bull era. NOT FINANCIAL ADVICE.
This is #total3 #altcoin marketcap , excluding #btc and #eth top major coins. This chart is showing early weakness in short time frame. As #bitcoin #dominance on the rise, this is not unusual. The big picture will be revealed soon , when #btcd moves hard. NOT FINANCIAL ADVICE.
Unlike Bitcoin, Ethereum did not rise much in these few days. Examining the chart of Ethereum, we can see that a diametric can be identified that we are now in the F wave and then move down for the G wave and the $1400 channel. The red area is our supply area, which can move the price down. For risk management, please don't forget stop loss and capital...
After being bearish over the last two months, I've switched my bias to neutrally bullish. The main idea behind my bearish bias was the fact that BTC reversed from the top resistance of the parallel channel. That, combined with pre-halving years being 50/50 green and red, made me think there was more in it for the bears. However, I always wrote that a bullish...
New update for Ethereum analysis As you can see in the daily chart and time frame, we have two downtrend lines and three resistance levels ahead. On the other hand, during the last 66 days, the RSI indicator has a very good growth on its upward trend line. If the initial downward trend line is broken, one can be optimistic about the price rise to the next levels...
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Here's a chart set up on the three day using lines and Curve tool. Note how the curve tool helps predict and determine the trajectory and where resistances can or will bein the future. Have fun trade safe
One of them is the opportunity to perform the work with high accuracy in the near future. The last impulse of 70% is only the first investment in the swing of a new trend and in the near future we can expect a retest of intermediate resistance at 0.0210-225 from which there will be an opportunity to move to the main target at 0.025-31. A move left without a retest...
Another month has passed since the last Altcoin Fiesta, excited to do a new one! My short-term view on the markets: In nearly all my Bitcoin posts recently I've stated that I was bearish until we can get a bullish weekly close above the top purple resistance. Seeing today's price action, we're likely going to close the week above said resistance. Near term...
Ethereum (ETHUSD) is trading within a 6-month Channel Down pattern with the price breaking above the 1D MA50 (blue trend-line) yesterday. The short-term pattern is a Megaphone within the Channel Down whose Lower Lows come in direct contrast with the Higher Lows of the 1D RSI. Thus we have a significant RSI Bullish Divergence which is holding since the August 17...
I believe that only whales will enjoy this fake rally driven just by the "ETF spot news". That is just a news, the effects of the ETF you will enjoy in the coming years, because Bitcoin and alt coins always suffered wallstreet and stock weakness. S&P500 broke the 200 EMA on daily charts, and a huge double bottom on monthly and weekly charts so well visible,...