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eep an eye on $BTC/USDUpon analyzing the Bitcoin chart within the daily time frame, it becomes evident that the price is currently undergoing a downward trend after breaching the areas of $26,900 and $26,500. Should the price maintain its position below the $26,500 mark, it is highly likely that a significant price decline will occur. In the event of such a decline, the initial target range would encompass $23,900 to $25,200, with a subsequent target of $20,000. The $20,000 level could potentially serve as a zone for a reversal in price direction, known as a Potential Reversal Zone (PRZ). Do you believe there is a possibility that the price will reach $20,000 within the next three weeks? Please continue to follow my analysis and feel free to pose any inquiries you may have. I am here to assist you. 👤 FarmanBangashh : @FarmanBangashh 📅 20.05.2023 ⚠️(DYOR) (NFA) 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.
CRYPTO:BTCUSDShort
by frmnCapital
2
BTCUSDTHello to all small and big traders, today I was checking all the empty spaces of CME when I noticed 3 gaps that have not been filled yet, one is in the area of 34000 to 34800, one is in the area of 21000 to 20000 and the other is in the area of 9500 to 10600. It doesn't matter if it is filled, but it must be filled. This plan is for a long-term view. Now or first, we will pay 34,000 dollars, and then the drop and the new floor, and then we will move right at the time of halving for the new ATH, or it will be filled later, whatever the case may be. be careful .
by hamidhsh
40
✳️ Fantom vs Bitcoin 1.1 Months Later...Here is an update for a pair that we shared late November... A little over a month ago. Fantom (FTMBTC) continues with a bullish bias. It is growing slowly and steadily as it should. While uncertainty can be seen with major pairs/altcoins, the smaller ones paint a clear picture. After the low is in, we get a long drawn out accumulation phase before the next bullish wave starts. On the daily timeframe, FTMBTC is trading back above EMA50 giving it mid-term bullish potential. This supports our view of a bullish Q1 2023. We can see similar charts across hundreds if not thousands of pairs. Meaning, higher lows positioned for a higher high since the June/July 2022 low. Some altcoins hit their lows in November and these two are set to grow in the months ahead. Here is the previous chart, 28-Nov-2022, see for yourself: Fantom vs Bitcoin Moves Above EMA50 (85% Target Mapped) It takes time... Patience is key. Namaste.
FLong
by AlanSantana
2
✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP!Back in July 2021 Fantom hit bottom vs Tether (FTMUSDT). This bottom was marked by a hammer candlestick and what followed was a 2,180% bullish wave. This wave lasted 98 days. The bear market started right after and has been going for 434 days. A huge 95% correction (-95.29%) from the All-Time High... If the low is confirmed at 21-November-2022, then the total duration would be set at 392 days. Now, with Fantom looking like July 2021, we have to prepare for the next bullish wave. We have a higher low long-term so a higher high is still in place. It will take years to get there... We are at the bottom now... Once we hit bottom, the only one place left to go is... 👆 Namaste.
FLong
by AlanSantana
4
Soon we will see a good pump in the ALPINE currencyHi Guys How are you today Soon we will see a strong pump in the ALPINE currency according to the chart, the chart is in a triangle, and according to the analysis, it will break the triangle upwards and reach the specified price targets, which are shown in purple color as resistance. The suitable price target for selling is $10, which is in our third resistance chart. In the same way, it is possible that the price will reach the next resistance, which in any case, capital management is recommended. R/R : 15.6 TP : 319 % SL :21 % Don't forget to like and comment ...
Long
by qaradag232
16
Bitcoin : Be Ready for the next moves Good Day Everyone Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest. One of the key indicators that support this bearish scenario is the RSI (Relative Strength Index), which is currently in overbought territory on the daily timeframe, with readings above 60 points. This level of RSI typically suggests that an asset is due for a corrective move. Furthermore, the wave 5, which was previously discussed, is now completed, and any further extension would require a breakout above the 29k areas. However, the current price movements and volume do not seem to support such an upward move anytime soon. Given the current market conditions, the best trading strategy, in my opinion, would be to sell around the 28.4/28.5k areas, with a stop-loss set above 29k. For those trading on leverage, it is advisable to use a low leverage of 3-5x maximum to minimize potential losses. Overall, while there is still some uncertainty in the crypto market, the consolidation phase at the 28/28.5k areas and the overbought RSI suggest that a corrective move may be imminent, with the 25k areas being a likely target for a retest. As always, it is crucial to stay up-to-date with the latest market developments and adjust trading strategies accordingly. Good Luck And Have A Nice Weekend
Short
by Htback