Monye
The trend line that has made us all miserable😒😣😠
During this period, every time bitcoin started to move up and usdt dominance started to fall, after a while, it collided with this trend line and could not fall further.
But now this indicator has reached a critical point that can break its trend line downwards and start the upward movement of altcoins and bitcoin.
There are 3 scenarios for breaking this downward trend line.
first . Starting to fall from the same level and breaking the trend line, as well as ichimoku, which has become very thin and after a while can break the level of 4.25% downwards.
The second scenario is a move of 4.92% and then the start of the decline and then the break of the trend line, in which the bitcoin will again fall below the level of $ 34,000.
As for the third and most pessimistic scenario, the move to the top of this index, which has not been broken yet, and then the beginning of the decline, which can also mark the last downward movement of Bitcoin. Because if the usdt dominance bitcoin wants to move to its ceiling, it will no longer be able to climb further.
Bitcoin Analysis Update 🆕🆙Before directly analyzing Bitcoin itself, we will deal with the relevant information
Things are currently affecting our analysis:
1. The start of the war between Ukraine and Russia could have a devastating effect on the cryptocurrency market for a short time
2. Despite high inflation in the United States and the fact that the Federal Reserve has decided to increase interest rates seven times, we will move towards a shrinking economy, which is not good for BTC at all. And can lead to a prolongation of the btc downtrend.
3. Accounts that have been holding btc for more than a year are increasing, which can be a positive thing for btc. Of course, this will also take some time to have a positive effect on the market --->https://decentrader.com/charts/1y-hodl-wave/
Due to the above interpretations and the current situation of btc, it is predicted that we will not have a very strong upward movement for at least the next 1 to 2 months.
----------- > this is My previous analysis
3 scenarios are possible for btc to continue moving.
1. In the most optimistic case, the uptrend from the range of $ 42,000, which is not very likely due to the situation in the US economy and the situation in Ukraine and Russia mentioned above, and the situation of the SPX chart, is unlikely to occur. ------- > www.tradingview.com
2. The most realistic scenario is to move to the level of $ 33,000, and then start an upward movement, which for such a scenario to occur, the important level of $ 39,000 must be broken again, which is highly possible.
3.Down to $ 29,000, which is a very, very important level that requires breaking the two levels of $ 39,000 and $ 33,000, which is unlikely. But if this scenario happens, it will be very difficult for BTC and the start of the uptrend will start with a long delay (this scenario does not seem very likely due to the increase in whale purchases and increase in long-term accounts, but it should not be forgotten He did)
Given the macroeconomic situation and the BTC chart, it still takes time to start a strong BTC rally. But on the other hand, BTC is at a price level that can not be expected to fall too much. But the possibility of BTC going into oscillation mode is very high.
Which is good for taders but not very good for holders
MANA in Persian means: permanentBefore going into the Rajab chart, let's talk about the news and the fandamental status of this currency ------ >
As you know, a few days ago it was announced that the Australian tennis tournament will be held in decentraland. And that Samsung opened its own store in desentraland so on and so forth.
But graph analysis
After much growth due to the renaming of Facebook, mana had an upward trend to the price of $ 6 and then its price correction began.It currently has two major backers, one $ 2.49 and the other $ 1.58But how to enter: After the real failure of level 3.60, 30% of the money can be entered and after breaking the level of $ 4, bought another 40% and bought the remaining 30% after breaking the level of $ 5.21.
Risk takers can buy their first 30% at $ 2.94 with a stop loss of $ 1.58, which is 36% of the loss with a profit margin of $ 5.21, which is a ratio of 1.3 which is a good number in r / r.
Note: The loss limit for both systems is $ 1.58