After a rally and the price gets stuck in a channel, it is expected that the price can grow as much as the previous rally after exiting the channel. R/R=3.5 and safe for long
As predicted in our last recap, all 11 BTC ETFs were approved. A new era has arrived for crypto. This means that more American entities will be able to purchase BTC through asset management companies. We learned from Bloomberg that the the trading volumes of the 11 BTC ETFs in the first two trading days were $4.6 billion and $3.1 billion respectively. Although for...
Taking a peek at the ETH coin on a weekly basis, we see a nice dominance of it where, while BTC is tanking, ETH is pushing!! With more and more rumours about Ethereum ETF, prices seem to follow up the movement of BTC (before the ETF) If we see this kind of move, we might see ETH near $3500 from where we are seeing a very high probability of downward movement or...
Daily update on Bitcoin (Week 2 / Day 2) The price of BTC has had a massive breakdown and rejection of major zones at FWB:48K and 45K. The price is showing some recovery, which could push the price to the upper zone of $45K (for a small re-test). Although this would be a small movement, we are still aiming here for further downward movement to the $34K zone,...
PYTH has successfully broke the major resistance. PYTH is ready for upcoming bull rally.
Currently LINK is trading in the box. Wait until it break for big move.
SOL is currently trading in the descending triangle pattern. Be careful while trading in the altcoins bitcoin dominance is at support.
BITCOIN DOMINNCE is trading at daily support if it manages to bounce back we can see dump in altcoins soon.
Bitcoin could be approaching a cycle low in the next 3-9 months. Zooming in on the weekly chart, you'll see that price tends to develop a horizontally defined resistance *after* hitting a cycle low and consolidating. Once price breaks out from that resistance, it triggers a buy signal. This is the type of action I want to see to get long with size. On the...
I invite you to review the chart of ETH in pair with USDT, also on a four-hour time frame. You can see here a similar movement behavior as in the BTC chart, it can also be defined with blue lines, a local channel of an upward trend, in which the price remains for now. Going further, it is worth spreading the fib retracement grid to determine price supports. And...
One of our #ETH TARGETS has been hit. The Gap is FILLED! CRYPTOCAP:ETH doesn't look as bad as CRYPTOCAP:BTC but it is weakening. Keep an eye on #Ethereum volume. Very important short term. As we've been saying for some time now, #ETF , or institutions, are NOT what #crypto is about & makes it easier to manipulate #crypto. It is what it is now. On ETF...
Overall, Ethereum's market dynamics reflect the situation with BTC. Ethereum recently underwent a minor correction and is currently trading near the support zone of $2,465–$2,514, where a buyer response can be expected soon. For the continuation of the upward movement, CRYPTOCAP:ETH needs to break through the seller's zone of $2,581–$2,646 and test the high at...
We are back with the ETH coin, where we see that after that major breakout near $2150 we had, a clean re-test price seems to be ready for another bullish movement sooner or later. As we are getting closer to the close of the yearly candle price, it seems to act like a "calm before the storm," where the price is making minimal moves but still teasing both buyers...
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Price has now pulled back to retest that breakout level. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May...
The new week is here, and the first day is looking promising for bulls, but is it enough for a push?? Let's be honest here: prices were way to high and still are (pre-halving push is not good for BTC) We are seeing this as a nice start of downward movement here and we see almost zero to none chances of price reaching $50K as of now (but who knows, we might...
A leading diagonal has formed for #EthUsd. Expect correction. Wave 2 should end ~$1800 or ~$1600.
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BTC has been consolidating in the $42,500 to $43,000 range and has just activated buyers' SLs below this zone. It's now positioned to target sellers' stop liquidity, potentially moving up towards FWB:46K