Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Trend-analysis
XAUUSD Bullish Trend - All-Time HighAUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level.
Key Indicators:
Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a clear uptrend.
Moving Averages: Short-term moving averages (e.g., 20-day SMA) are positioned above longer-term ones (e.g., 200-day SMA), signaling bullish momentum.
Volume: Trading volume has been increasing alongside price gains, reflecting heightened investor interest and participation in the market.
MACD: The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line rising above the signal line, suggesting upward momentum.
RSI: The Relative Strength Index (RSI) is in the overbought territory, indicating strong buying pressure and potential further upside.
Exxon Mobil Exxon Mobil is going up strong to the all time high,
Expecting strong reaction from that area,
Volume is going down in the last 2 3 weeks witch means bulls are getting weaker,
If we look into the valuation ratios , the company is getting overvalued,
If we look at the 10 Ma on weekly we can see that price is getting away from MA fast witch indicates that the company is getting overvalued quickly,
It will be interesting to see how price will react from that area when it goes up, But overall trend is bullish,
Boeing The company is on massive area of support, but technically the trend is still down and strong , momentum is down and strong too, next quarterly result will be crucial , if price breaks down it will go even further down , The company is not undervalued , but is getting there if you look closely into the valuation ratios. Volume is going down witch indicates that downtrend is losing power. Important weeks ahead for Boeing.
HelenP. I BNB can rebound up from trend line and then fallHi folks today I'm prepared for you Binance Coin analytics. Some time ago price reached the support zone, which coincided with support 2, and soon broke this level, but later BNB fell back. After this, the price broke support 2 again and then rose a little higher, but soon the price turned around and made an impulse down to the trend line, breaking support 2 one more time. When the price fell to the trend line, it turned around and at once started to move up and soon reached support 2 and broke it again. Next, the price continued to move up to support 1, which coincided with one more support zone. And when BNB reached this level, the price broke it and entered to the support zone, but soon BNB made the correction below. After correction, BNB some time traded below support 1 and later finally broke it again and even rose higher than the support zone, but a not long time ago price fell back. At the moment, BNB trades near support 1, which coincided with the trend line inside the support zone and I expect that Binance Coin will rebound up from the trend line and then fall lower than this line and support 1, thereby breaking them. That's why I set my target at the 500 level. If you like my analytics you may support me with your like/comment ❤️
HelenP. I Bitcoin will make small correction and then start riseHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price declined to support 2, which coincided with the support zone, and started to trades near this level. Some time ago BTC broke this level and declined to lower even the support zone to the trend line, but then the price turned around and started to grow. In a short time, Bitcoin rose to the support zone, where later it broke the trend line and soon support 2, after which the price rose higher than the trend line too. Next, the price continued to move up between the trend line, and last time it fell below, but soon turned around and made a strong impulse up, breaking this line again and later reaching support 1. Soon, BTC broke this level too and rose a little higher, but a not long time ago it fell a little and now trades close to support 1. So, I expect that Bitcoin will decline a little lower than support 1, after which the price can turn around and start to move up. For this case, I set my goal at the 67000 level. If you like my analytics you may support me with your like/comment ❤️
Gold Update Next Week ❤️Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 2030, followed by a subsequent range of 2020-2010. feel free to express your support through likes and comments. ❤️
BITCOIN MOVE UP OR DOWN? WHAT'S NEXTThe current Bitcoin (BTC) price stands at 51,668, and there is an attempt to surpass the resistance at 51,800. If successful, BTC is expected to climb to 52,500, with the subsequent target being 53,200. Conversely, a failure to breach the 51,800 resistance and a drop below 51,400 could trigger a sell-off. In this scenario, the first sell target is set at 50,600, followed by a potential decline to 49,000 if market conditions do not support sustained levels. It is crucial to closely observe the market for any indications of a breakout or a change in established patterns.
HelenP. I Bitcoin can make correction, after which continue growHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined from support 2, which coincided with the support zone to the trend line, after which the price bounced and started to trades in the support zone. Some time later, BTC broke the trend line and support 2 again, and then the price started to rise to the trend line. When it reached this line, BTC broke it, made a retest, and then continued to move up to support 1, which coincided with one more support zone. Later, the price finally reached support 1, broke it, and little time trades in the support zone, but soon it made a correction below this level. Then BTC in a short time rose back and even recently grew higher than the support zone to 48600 points. But also, a not long time ago BTC stopped rising more, and now it trades near the support zone, so I expect that price can make little movement up, after which Bitcoin will decline to the trend line, which coincides with support 1 in support zone and then it can rebound up from this area. For this reason, I set my target at the 49200 level. If you like my analytics you may support me with your like/comment ❤️
Ripple can decline a little more, after which back up to rangeHello traders, I want share with you my opinion about XRPUSDT. Observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline near this line to the 0.5400 resistance level, which coincided with the seller zone. After the price fell to this level, it made a fake breakout of 0.5400 level, after which it turned around and in a short time rose to the resistance line. Then price bounced from this line and made a downward impulse to the support level, thereby breaking the resistance level one more time. Also, XRP started to trades in the range, where soon the price bounced from the 0.5020 support level, which coincided with the buyer zone and started to rise to the top part of the range. When Ripple reached the top part, which coincided with the resistance level, it at once rebounded and in a short time declined to the support level. But a not long time ago, the price bounced from this level and started to rise, but failed and soon declined lower than the support level. So, in my mind, Ripple can decline a little more, after which it turns around and back up to range. After this, the price will make retest and continue to rise. For this case, I set my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Ethereum can make little correction and continue growHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price a not long time ago declined to the support zone, which coincided with the support level, but at once rebounded and started to move up. In a short time ETH rose to a resistance level, which coincided with the resistance zone, and when it reached this level, the price made little correlation and soon backed up to this level. After this movement, Ethereum fell to the support zone, but later price turned around and made a strong impulse up to the trend line, thereby breaking the 2430 level. Later price made a correction from the trend line to the resistance zone, after which the price rose back to this line. But soon, ETH rebounded from this line again and made impulse down to the 2165 support level, breaking the resistance level. A not long time ETH bounced from this level and rose to the trend line, and soon broke it. Now it trades near this line and I expect that the price will decline than trend line, after which ETH turn around and continue to grow. For this case, I set my target at the 2375 level. If you like my analytics you may support me with your like/comment ❤️
GOLD - Price can make upward impulse from support line to $2035Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance level, which coincided with resistance area, and fell to $2020 support level.
Also, XAU started to trades in flat, where it even made fake breakout of $2020 level, and then made upward impulse.
After upward impulse, Gold exited from flat and started to trades in wedge, in which price bounced down from resistance line.
Price declined to support line, but then it at once bounced and rose to resistance line, breaking support level.
But a not long time ago Gold declined below this level again and now it trades near it inside support area.
Possibly, XAU can bounce from support line and make upward impulse to $2035, thereby exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I British Pound will continue grow to resistance levelHi folks today I'm prepared for you British Pound analytics. A few moments ago price rebounded from the support level, which coincided with the support zone and rose to 1.2735 points, but then it turned around and made impulse down to 1.2500 points, thereby breaking the 1.2600 level. After this, the price in short time rose back to this level and also broke it, after which GBP made an impulse up to the resistance level, which coincided with the resistance zone. Then price bounced from this level and started to trades inside consolidation, where the price declined to the support level, after which turned around and made impulse up to the resistance zone, and even higher. But soon GBP fell back, making a fake breakout, and later rose again to a resistance level. After this movement, GBP rebounded down from the 1.2775 level to the support level and soon bounced back, but a not long time ago British Pound rebounded from the resistance level again and it trades below. For my mind, GBP will make a small movement down one more time and then continue to grow to the 1.2775 resistance level, which coincides with the top part of the consolidation. For this case, I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can correct to support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price traded between $1.0950 resistance level, which coincided with resistance area.
After this, Euro little rise, after which it started to decline in falling channel, where soon price broke $1.0950 level.
Then price declined to support level, which coincided with support area, and started to trades near this level in channel.
Later Euro even declined below $1.0850 level to support line of channel, but soon turned around and rose to resistance line.
Price fell below $1.0850 again, but recently it rose back, and at the moment EUR trades near this level.
In my mind, Euro can make correction to this level and then bounce up to $1.0910 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin Trend Is About to ReversalAt this point I still think the trend is about to reverse
1. The daily line has diverged
2. Starting from an ascending triangle from December to January last year
In the upper supply range, people are constantly shipping.
Coupled with the subsequent false breakthrough and the upward shock in the following days,
I don’t think retail investors can sell so much goods here.
3. It touches the weekly line of 0.618 and is also the last escape point of the last bull market.
There's no one in the trap here who would be so kind as to free them.
#The cryptocurrency market has high risks, please carefully evaluate operational risks
This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Gold struggle to selling read the caption Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Dow Jones ready to fly read the caption US stocks climbed broadly higher on Monday, etching in fresh all-time highs as last week’s late break into record prices carried over into the new trading week, with tech stocks leading the way higher and sending the Dow Jones Industrial Average (DJIA) over the $38,500.00 valuation for the first time ever.
Dow Jones ready to bullish trend The Standard & Poor’s (S&P) 500 major equity index continues its march towards $5,000.00, ending Monday at $4,800.43 after hitting a new record high of $4,880.05 as investors continue to pile into stock bets.
XAU short opportunityxau is bearish in HTF and rejected from a seller POI .and building liquidity below the OB .if it wants to fall from the current point then it should first clear the current liquidity and again retest the lower 15M OB . And in case if it reaches to the top OB prefer high rejection from it.and go for short. if it shows bullish momentum then the setup is invalid.
#AQURISHA