Brekaout
Silver is greatThis a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a SL just for reference but I would buy more if price drops that low (I don't think that will happen anytime soon). Check my previous post on silver down below.
✅EUR_USD WILL GO DOWN|SHORT🔥
✅EUR_USD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 1.0749 which is now
A resistance and the breakout is
Confirmed so after the pair
Retests the resistance I think
We will see a further move down
SHORT🔥
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BLUR 40% Potential!I like to say that blur is a price action project. Whenever it seems to break a major resistance, It pumps a lot and this time seems no different.
A major trend line was just broken and it is showing signs of strength by holding the level above it. As long as we stay above the trend line and inch to the upside, there's nothing stopping me from believing that 40% isn't going to happen besides bitcoin possibly dumping to fill the CME Gap.
There are a few other big levels of resistance on the way up but mos of the liquidity will be above the last major high.
LETS SEE WHAT HAPPENS NEXT!
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SHIB/USDT BROKEOUT!! 40% PUMP FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this SHIB/USDT trade setup.
SHIB looks good here. Breaks out from the falling wedge-like structure. Expecting a 30-40% Pump from here. Long some here and add more in the dip.
Target1:- $0.01160
Target2:- $0.01250
Target3:- $0.01360
Target4:- $0.01510
SL:- $0.01010
Use low leverage:- 5x-6x
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CaixaBank (CABK.mc) bearish scenario:The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35.
The company consists of the universal banking and insurance activities of the La Caixa group, along with the group's stakes in the oil and gas firm Repsol, the telecommunications company Telefónica and its holdings in several other financial institutions.
Channel Up broke through the support line on 18/03/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 47 days towards 3.2770 EUR. According to experts, your stop-loss order should be placed at 4.1970 EUR if you decide to enter this position.
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Breaking Resistance: Is Bitcoin (BTC) Poised to Rise Above $25K?#Bitcoin Chart Analysis
Bitcoin (BTC) has been testing the $25K resistance level three times in recent weeks. As investors wait to see what will happen if BTC tests this level again, many wonders if Bitcoin will break above $25K and continue its bullish momentum.
The current market sentiment suggests that Bitcoin could see a potential surge if it breaks above the $25K level. This could lead to a new rally and potentially a significant uptick in the cryptocurrency market.
However, the technical analysis suggests that BTC needs to break through this resistance level and sustain its momentum to confirm a bullish trend. If BTC fails to break above this level, it could lead to a bearish trend and a potential drop in the cryptocurrency market.
Despite the uncertainty, many experts remain optimistic about Bitcoin's future. With institutional investors showing more interest in cryptocurrencies, and with Bitcoin being used more frequently as a store of value, the long-term outlook for BTC remains positive.
In conclusion, the $25K resistance level is a crucial level to watch for Bitcoin investors. If BTC breaks above this level and sustains its momentum, we could see a significant uptick in the cryptocurrency market. However, if BTC fails to break through this level, it could lead to a bearish trend. As always, it's important to keep a long-term perspective when investing in cryptocurrencies like BTC and to make informed decisions based on thorough research and analysis.
Bitcoin Best Buying Opportunity Zone..?Ready for a thrilling ride in the world of cryptocurrency?
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Confused, how to chooseThe Bitcoin price has dropped below the 50-day moving average, turning it into a resistance level above the 23,000 mark. Currently, Bitcoin is losing momentum near the 22,000 level and its price is quite fragile. The lack of a clear path in the cryptocurrency market may be due to investors' focus on Powell's speech and clues of additional rate hikes. Therefore, the recent approach is conservative, as mentioned in the previous article.
With the upcoming release of some economic data, the market is somewhat anxious. As far as cryptocurrencies are concerned, higher interest rates have a negative impact on risk assets, as holding cryptocurrencies does not earn interest income. As Fed officials' further comments in Congress may affect the content of the March rate decision, Bitcoin prices will continue to be under pressure.
As Silvergate Capital becomes the latest victim of the overall trend of FTX, a drop below the 50-day moving average and the September high of $22,781 will intensify Bitcoin's downtrend. Therefore, attention should be paid to these two levels. With the Commodity Channel Index (CCI) dropping into the negative zone, technical indicators suggest that Bitcoin may be oversold. However, given that Bitcoin is hovering near the psychological support level of 22,000, a break below this level may further push the price down. The February low of $21,376 will be the next support level, and if it is broken, the market will refocus on the $20,000 mark.
On the other hand, if the Bitcoin price continues to rise, breaking through $22,000 and the September high could further push the price up. The next major resistance will be near $24,000.
How to position oneself before and after a breakthrough?
Welcome to the discussion channel, and we will continue to update ideas later
Bitcoin Hourly Chart Showing Bearish After BreakDownBitcoin LTF Chart Analysis:-
1. Bitcoin's price is taking a hit and currently hovering below the critical $22,500 resistance level.
2. The price is displaying bearish signs and has fallen beneath the 100 SMA, indicating a bearish trend.
3. On #Binance BTC/USD hourly chart, a significant bearish trend line is forming near $22,150, further adding to the negative sentiment.
4. A potential close below the support level of $22,150 could result in a significant decline in #bitcoin price, which investors should be wary of.
5. Despite the current market conditions, there is always the potential for a rebound, so keep a close eye on the market for any changes in sentiment.
Bitcoin Chart Analysis by CryptoPatel:-
The Bitcoin price attempted to recover from the $22,000 support zone and climbed above $22,250 and $22,400 levels. However, the bears prevented further gains near the $22,600 level, leading to a sharp decline below $22,200 and $22,000 levels. The price formed a low around $21,900 and is currently consolidating losses.
Bitcoin is now trading below $22,160 and the 100 SMA, testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low.
The immediate resistance level is around $22,200, with a key bearish trend line forming on the hourly chart of the BTC/USD pair near this level.
The next significant resistance is near the $22,400 zone, which is close to the 76.4% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. The primary barrier is now near the $22,750 zone, and a close above this resistance could initiate an upward move towards the $23,250 resistance level.
The next crucial resistance is near the $23,800 zone, which, if surpassed, might trigger a significant rally in Bitcoin's price.
Key Points:-
1. Bitcoin attempted to recover from the $22,000 support zone but faced resistance near $22,600, resulting in a sharp decline below key support levels.
2. Bitcoin is currently trading below $22,200 and the 100 SMA, testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low.
3. The primary resistance level for Bitcoin is near the $22,800 zone, and a close above this level could initiate an upward move towards the $23,250 resistance level. Investors should closely monitor the market for any significant developments, including a potential rally if this resistance level is overcome.
Summary:-
In summary, Bitcoin's price faced rejection near the $22,600 level and experienced a sharp decline below key support levels.
The price is now consolidating losses and testing important resistance levels. Investors should closely monitor the market for any significant developments, including a potential rally if the $22,750 resistance is overcome.
More Downtrend In Bitcoin?
Bitcoin's price is facing a critical resistance zone around $22,200 and $22,400, and if it fails to break above this level, it may trigger another decline. Immediate support is near the $22,000 zone, with the next major support at $21,800, below which the price might drop to $21,200.
The subsequent significant support level is around $20,600, and any further losses may lead to a decline towards the psychological level of $20,000.
Traders and investors should monitor the market closely for any significant developments, including a potential breach of key support levels, which could indicate a further downward trend.
It is essential to keep a close eye on technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to assess the market's sentiment and momentum accurately.
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EOSC - falling wedgeOut of space soon. It had a nice pump so attention is there.
Details on the chart
Good luck traders