All you need for Bitcoin to see top, bottom or a crash.These charts show everything you will ever need to buy and sell Bitcoin.
5 day BTC chart.(right chart)
Orange vertical lines on chart show when the RSI touches the pink horizontal line after it touches the top red horizontal line. This indicates a bear market.
Yellow vertical lines on chart show when RSI rose above orange line after touching the blue line but failed to touch the red horizontal line before hitting the pink horizontal line. This indicates a crash is coming.
The green arrows on chart show whenever the blue EMA8 goes below the yellow MA55 after being above it.
This indicates either BTC has entered a bear market or a crash like setup similar to covid. If we get another green arrow you will know what to do as it will be a crash or bear market.
The green trendlines on chart show each bull run Bitcoin touches this trendline 3 times or more before it has a parabolic move. The anamoly being the covid crash. So far this bull run it is only twice that Bitcoin has touched the green trendline.
On the LMACD the green vertical lines show everytime the 5day LMACD crosses down (blue LMACD line going under orange LMACD line) when it is above the horizontal yellow line. This has happened 21 times with only 1 time (red vertical line) where price did not drop to the EMA21 (orange moving average line) on the chart.
BTC just did this cross on LMACD so it has a 95% chance of moving down to touch the orange EMA21.
Based off all this clear evidence it is easy to see that you sell Bitcoin when RSI hits red horizontal line. Confirmation of bear market is as per indicators mentioned above.
You buy when RSI touches blue horizontal line.
You won't sell the exact top or buy the exact bottom but very close to it. You would need a different chart to calculate the exact top.
This chart will stand the test of time if history keeps rhyming for Bitcoin.
Monthly BTC chart.(left chart)
On the monthly chart the orange vertical lines indicate whenever the Stoch RSI went above the green horizontal line. The yellow vertical line on the chart shows the covid crash as the Stoch RSI did not stay above the green horizontal line for very long.
The green arrow on the Stoch RSI shows when it fell straight through the red horizontal line after being above the green horizontal line. This indicated a bear market.
The pink arrows on the Stoch RSI show the crossover of the Stoch RSI (blue RSI line crosses under orange RSI line) after it fell below the green horizontal line and bounced off the blue or red horizontal lines. This indicated the top and a bear market.
After seeing this current information on the Stoch RSI (bounce off blue line) it looks like the upcoming crossover will be a pink arrow.
These arrows indicate time to exit the market as you can see.
Btc-bitcoin
Bitcoin is Ready to Pump Again==>>Short-term!!!As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) fell to the Heavy Support zone($93,400-$90,000) .
Bitcoin is moving in a Heavy Support zone($93,400-$90,000) near the Support line .
According to the theory of Elliott waves , it seems that Bitcoin has completed the first 5 downward waves , and we can wait for upward corrective waves . Bitcoin has completed two corrective waves in the 15-minute time frame , and we can wait for the next corrective wave .
From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Pattern in the 15-minute time frame , and if Bitcoin breaks the upper line of this pattern, we can confirm this pattern.
I expect Bitcoin to rise to at least $95,170 AFTER breaking the Upper line of the Falling Wedge Pattern .
⚠️Note: If Bitcoin breaks the support line, we can wait for the Heavy Support zone($93,400-$90,000) to break.⚠️.
⚠️Note: In general, if you open a Long position, you can keep it up to the Resistance zone($96,680-$95,520) or Risk-Free your position.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC - 4H Consolidation LikelyThe current low market volume is typical during the Christmas and New Year holiday period, as institutional players and many retail traders reduce activity. This reduction in liquidity often leads to lower volatility and smaller price movements. In this scenario, BINANCE:BTCUSDT appears to be consolidating within a well-defined range, as highlighted by the resistance zone around $99,000 and the support zone near $92,000.
With minimal external market drivers expected until trading activity picks up after the holidays, BITSTAMP:BTCUSD is likely to remain range-bound. This sideways movement aligns with historical behavior during low-volume periods, where breakouts or significant trends are less frequent. Traders should consider this low-volatility environment when planning short-term strategies.
BTC Not Looking GoodTeam,
We have a blood diamond on the BTC 2 Day Chart. Typically when we get these on HTF, we should expect continuation of the downside movement for 4 - 6 bars. Which means next 7-10 days we will be dealing with a potential downward pressure. Be prepared.
If we break the neck line of the potential H&S pattern that is forming, our target on the down side is early 80k. If we mirror the pattern we took to go up to 107k level to the down side as a measured move, as you can see on the chart our measured move take us down to SD 3 level of 76-77k. This will also fill the CME gap.
What am I doing with my leveraged trading? I'm waiting in cash with limit orders for altcoins to take advantage of any significant moves to the down side. I have set up chart set ups similar to this bitcoin chart.
On the BTC macro front, some important news just came out. And these usually lead us to major bottoms.
Exact quoted news:
“According to DB, the US government has been granted permission to liquidate 69,000 Bitcoins (worth $6.5 billion) seized from Silk Road, an official confirmed to DB News today.
Notably, this comes less than two weeks after the new administration took office, which had promised not to sell the Bitcoins.
The U.S. Department of Justice (DOJ) can sell 69,370 bitcoins seized from the Silk Road darknet marketplace, a federal judge ruled Dec. 30.
The DOJ cited bitcoin’s price volatility as a reason for pushing for permission to sell the assets."
DoJ is required to sell any cleared assets to cash, and transfer that cash to treasury once sold.
USMS (US Marshal Service) has certain financial reporting processes that restrict withdrawals from its exchange account near the end of each month.
This is why you usually see DOJ deposits to Coinbase prime earlier in the month.
On top of that, liquidations are supposed to occur within 5 business
days. So they’re supposed to do it quick after forfeiture, and 5 business days after notice to CB, but they’ve taken longer in the past. Point is window is closing quickly if it hasn’t already. That is, if they’re following their own rules.
Bitcoin is Ready to Fall Below $90,000!!!Reasons!!!As I expected in the last few posts, Bitcoin ( BINANCE:BTCUSDT ) seems to have started a major correction .
Please be with me.
First, let's take a look at the weekly chart analysis that I shared with you on November 12, 2024 , which almost gave you an All-Time High(ATH) in both time and price .
Let's examine the Bitcoin chart on the 4-hour time frame in terms of Classic Technical Analysis . Bitcoin seems to be forming the right shoulder of the Head and Shoulders Pattern . So that in terms of the validity of this pattern , the following two points can be pointed out:
1- During the time when the right shoulder reached $104,000, it was 8 days and 4 hours that the right shoulder was not able to reach $104,000 during this period, and this shows the weakness of buyers or the strength of sellers along the path of the right shoulder.
2- Regular Divergence(RD-) between the right and left shoulders between the price and the volume indicator.
In terms of Elliott wave theory , Bitcoin, over the past 18 days , seems to be forming an Expanding Flat(ABC/3-3-5) corrective pattern, with the main wave C ending at $102,725 . ( I mentioned this in the update of yesterday's post ).
If we look at the chart of USDT.D% ( CRYPTOCAP:USDT.D ), as I said in the update of yesterday's post , we should have waited for the increase of USDT.D% (due to the sensitive position it was in). I expect USDT.D% to attack the upper line of the descending channel soon .
I expect Bitcoin to attack the Heavy Support zone($93,400-$90,000) and the neckline of the Head and Shoulders Pattern soon, and if it breaks, we should expect Bitcoin to drop to the Potential Reversal Zone(PRZ) , Support line s and 100_SMA(Daily) and then Bitcoin can fill the CME Gap($80,670-$77,100) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin: Head & Shoulders Reversal Pattern In The Making Tradingview offers simply the best instruments for charting.
We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow).
I spotted this textbook pattern today and would like to share this educational post with you.
It was shaped by three peaks with the highest (Head) in the middle.
The Right Shoulder reached its climax right at the top of the Left Shoulder.
It makes the pattern more symmetric.
There is a Neckline that intersects both valleys of the Head.
Its a reversal pattern and the trigger is located at the Neckline under the Right Shoulder
around $91.7k.
The target is measured subtracting the height of the Head from the trigger point.
It was highlighted in the chart at $75k.
The collapse could be painful.
This might prove the old traders saying "buy rumors (Tramp promises), sell facts (reality)" for Bitcoin.
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($100,000-$98,000) .
Compared to the previous analysis , I still have the opinion of correction on Bitcoin .
Regarding Elliott wave theory , Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
Also, USDT.D% ( CRYPTOCAP:USDT.D ) is in a very sensitive zone . Given that USDT.D% is near the lower line of the descending channel , the support lines , and the support zone , I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours , and the increase in USDT.D% can cause Bitcoin to decrease .👇
I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000 .
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
MICROSTRATEGY a pyramid ponzi.Understanding the situation with MSTR can be quite complex.
Many people recognize that MicroStrategy has been issuing convertible bonds at a 0% interest rate to purchase Bitcoin. This strategy tends to drive up both Bitcoin's price and the value of MSTR shares.
As a result, the scheme appears to inflate continuously, placing the risk on bondholders. The only way for MSTR's stock price to keep rising is through the issuance of increasingly larger amounts of convertible debt; otherwise, the entire pyramid would collapse.
It's understandable why Michael Saylor seems to be focusing more on shilling MSTR bonds instead of Bitcoin itself.
Why would institutions invest in MSTR's convertible bonds at 0%?
Many believe it's because they anticipate being able to convert these bonds into MSTR stock in five years at a predetermined price, potentially around $675, effectively giving them a premium-free call option. However, there is a hidden cost to this strategy: inflation. At first glance, this might seem like a poor investment choice—if one expects MSTR's value to rise, it would make more sense to buy the shares now rather than commit funds to a higher price in the future.
Why would anyone engage in such a massive financial manoeuvre involving BILLIONS?
The truth is, those purchasing the bonds are ACTUALLY indifferent to the rising stock value! Their primary interest lies in capitalizing on price fluctuations. Ultimately, a convertible bond functions as a CALL OPTION; thus, as the MSTR stock price experiences greater volatility, the premium on the call increases. Recently the value of these convertible bonds has surged by 170%. This is precisely why investors are unconcerned about interest rates or the actual conversion of the bonds—they have ZERO desire to convert! The reason? Issuing new shares would only dilute their holdings!
All the rewards with none of the risks!
But what happens if MSTR collapses? Bondholders will seize all the Bitcoin MSTR possesses, leaving shareholders with nothing but scraps!
Can you fathom how deep this MSTR Ponzi scheme really is?
The more you explore, the more mental acrobatics you need to perform to grasp the situation!
Many believe that bond buyers are naive, but in reality, they are the sharpest players in the game, reaping the benefits without facing the risks! In the current climate, that’s the nature of volatility! It doesn’t matter if MSTR’s stock price fluctuates; they’re insulated from the fallout. Who do you think is betting against MSTR? It’s the bondholders, and their positions are secure!
Ultimately, for someone to profit, someone else must incur a loss, and it won’t be the bondholders. This means that regular shareholders are poised for significant losses, as the primary force driving MSTR’s stock price is its own volatility. Once that volatility dissipates, we could see MSTR plummet below $100 a share! All those crypto enthusiasts will be left reeling, wondering how MSTR could possibly decline while Bitcoin’s value rises!!!
What’s the main effect of these convertible bonds?
They create volatility in the stock price, leading to wild swings up and down, just as we’re currently witnessing.
What occurs when the volatility subsides?
The stock price will plummet!
Many people are misdirecting their focus on metrics, technical analysis, and listening to Michael Saylor's commentary on CNBC. Instead, they should be paying attention to the volatility of MSTR's stock price, as its decline will directly impact the stock's value.
Don't be misled; even if MSTR falls below $300, it will still be overpriced and could potentially drop to under $100 per share due to the convertible bonds scheme. Claims from MSTR valuation sites that each share is backed by a certain amount of Bitcoin are misleading; the reality is that the shares are not backed by anything.
The BONDHOLDERS are the ones who possess all the Bitcoin.
There’s no such thing as a free lunch—someone has to bear the costs, and in MSTR's case, that burden will fall on the shareholders. You certainly don’t want to be left holding the bag when the music stops.
It is important to maintain a clear perspective regarding cryptocurrencies; they should not be viewed as traditional investments, but rather as something more comparable to gambling.
While you may have the advantage of being an expert poker player, the only way to truly win is to cash out your profits.
Otherwise, you risk losing on MSTR and in the crypto market.
LOE Something's cooking here...Alright guys, after I gave you VEXT the last time and a 12x within a blink of an eye, this time here another gem which is worth to be observed more. But this one is kinda tricky...
We can find a hint where this coin could go in the future or probably very fast in this bullrun:
On March 29th-30th 2024 the currency of the Play-And-Earn fantasy game "Legends of Elysium" (LOE) made an All-time high of $9.15 after the first private sale round to VCs and early investors before the token launched on various central exchanges (CEX) and decentral exchange (DEX) swaps. The data before April just popped up recently on Coinmarketcap, although it could've been just a candle wick for a brief moment of time. It wasn't visible before November / December 2024 when I checked. In Coingecko and in charts here on TradingView like e.g. of Gate.io, MEXC or Bitget it's also not visible.
So it's probably nothing... Or is it? Well, the marketcap right now sits at around $220k and the FDV is $3.2M which is kinda promising. Reaching a $1 B marketcap could be in the cards (pun intended). The developer team is constantly updating the game and announces always news like the new Battlefield Mode which was implemented recently.
Chartwise the RSI is making constant higher lows since almost a year which could indicate a massive bullish divergence on the daily and weekly. Furthermore LOE is forming a double bottom since October which also could be an indicator for incoming of new buyers and the stability of the coin.
So who wants to bet this thing will pop off?
Bitcoin's Ultimate Pump: The Trap Before the CrashBitcoin continues its “hype” and is close to forming the next spurt. Globally, the picture looks like close to the distribution zone. We are approaching the biggest “cheat” in history. I expect a final spurt into the zone around 120k, from here a long trade will start where altcoins will shoot up and show incredible gains. The crowd will be experiencing FOMO, heads of state and big companies will start making noise that this is just a pro-trade level for Bitcoin before the next spurt. Only the majority will fall back into the trap and end up in a bear market with huge losses. The market is set up so that only 10% will make money and the other 90% will be cheated. After the distribution is completed, I expect the bitcoin price to fall below the 0.5 Fibonacci level. The RSI value will drop below 30 units on such a drop and we will enter a global fear phase. I would attribute the next bull market to the rise of the DeSci and AI sectors. My research on the cryptocurrency market sectors shows that large funds and corporations are starting to invest in projects in these areas.
Horban Brothers.
Bitcoin - Will Bitcoin return to above $100,000?!Bitcoin is above the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk off sentiment in the US stock market will pave the way for Bitcoin to decline. One can look for Bitcoin sell positions in the supply zone.
Bitcoin's downward correction and its placement in the demand zone will allow us to buy it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
In 2025, key narratives in the cryptocurrency market are expected to include asset tokenization, artificial intelligence, and Bitcoin as a reserve asset. Experts also predict that meme coins might become a major trend, while maintaining caution regarding Solana and Ripple ETFs.
In 2024, the crypto market experienced increased adoption and institutional investment. Experts anticipate significant trends in 2025 as the market matures and Bitcoin’s upward trajectory continues.
ETF providers are exploring more innovative and potentially riskier ways to attract investors to cryptocurrencies. New applications submitted to the U.S. Securities and Exchange Commission (SEC) include ETFs converting S&P500 returns into Bitcoin and funds investing in convertible bonds to purchase Bitcoin.
Additionally, Volatility Shares aims to launch inverse and leveraged Solana funds.If approved, more than ten new cryptocurrency-related funds could become available to investors in 2025.
Reports indicate that the Bitcoin network settled over $19 trillion in transactions in 2024, more than double the $8.7 trillion settled in 2023.
At the height of the 2021 bull market, Bitcoin’s transaction volume reached approximately $47 trillion. However, this volume significantly declined in 2022 and 2023. Nevertheless, in 2024, Bitcoin’s network reestablished itself as a store of value and medium of exchange with over $19 trillion settled.
Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, has predicted Bitcoin’s price to range between $175,000 and $350,000 in 2025. A strong advocate of Bitcoin, Kiyosaki believes the cryptocurrency can serve as a hedge against global economic volatility.
According to data from SaylorTracker, MicroStrategy currently holds 446,400 Bitcoin worth approximately $43.7 billion. Michael Saylor, co-founder of MicroStrategy, shared a Bitcoin chart from SaylorTracker on January 5, hinting at potential Monday purchases. He tweeted, “Something on SaylorTracker.com doesn’t seem right.”
The previous week, on December 29, Saylor shared a similar chart, and on December 30, MicroStrategy purchased 2,138 Bitcoin at an average price of $97,837 per unit. These purchases are part of the company’s 21/21 program, which aims to acquire $42 billion worth of Bitcoin through $21 billion in stock issuance and $21 billion in fixed-income securities.
MicroStrategy’s inclusion in the Nasdaq Index on December 23, 2024, provided traditional stock investors indirect exposure to Bitcoin through ETFs. Following its inclusion, the company held a special shareholder meeting to secure approval for increasing funds to buy more Bitcoin.
According to a December 23 filing with the SEC, MicroStrategy has requested shareholder approval to increase its Class A common stock from 330 million to 10.3 billion shares.
Bitcoin (BTC/USD) – Technical Analysis UpdateCurrent Technical Setup:
Rectangle Formation: BTC’s price is consolidating in a continuation pattern, signaling that the prevailing uptrend remains intact.
The longer this consolidation lasts, the more powerful the potential breakout due to the buildup of momentum.
Upside Targets:
A breakout from the rectangle could propel BTC towards $125,000–$130,000, aligned with Fibonacci extensions and prior bullish projections.
This would mark a continuation of Bitcoin's impressive rally while remaining technically structured and sustainable.
Support Levels:
$78,000–$80,000: Critical support zone to maintain the bullish structure.
Higher Low Formation: Reinforces buyers’ confidence and indicates the rally is built on a solid foundation.
Market Implications:
The current consolidation serves to stabilize the market, reducing the likelihood of a sharp correction.
Sustained buying interest at current levels suggests healthy accumulation, further strengthening the bullish narrative.
Outlook:
As long as BTC holds above $78,000–$80,000, the technical picture remains firmly bullish. A breakout above the rectangle’s resistance could trigger a swift move toward six-figure levels, marking the next phase of the uptrend. Patience is key, as extended consolidations often lead to explosive upward moves.
Bitcoin on critical level Bitcoin is currently testing a critical resistance level, which is a price point where it often encounters significant selling pressure. This level acts as a barrier, and if the price successfully breaks above it, it could signal strong bullish momentum in the market. Such a breakout would likely attract more buyers, leading to notable upward price movements. On the other hand, if the resistance holds, Bitcoin might face a pullback or consolidation. Therefore, it’s essential to monitor the price action closely at this level, as it could indicate the next significant move in Bitcoin's trend.
Bitcoin is on critical level be careful Bitcoin is currently testing a critical resistance level, which is a price point where it often encounters significant selling pressure. This level acts as a barrier, and if the price successfully breaks above it, it could signal strong bullish momentum in the market. Such a breakout would likely attract more buyers, leading to notable upward price movements. On the other hand, if the resistance holds, Bitcoin might face a pullback or consolidation. Therefore, it’s essential to monitor the price action closely at this level, as it could indicate the next significant move in Bitcoin's trend.
$BTC Cheat Sheet They Don't Want You To See!THE CRYPTO CHEAT SHEET
After seeing this, don't let anyone tell you that trading the market is hard.
All you need is a 4-year mindset.
Sell in November (the latest) post-halving year, ie 2025
Buy in November the year after, ie 2026
It really is that simple.
CRYPTOCAP:BTC 👑
Bullish Cases for ENA/USDT#Bull_Insights #014
Coin Ticker : #ENA
Market : Binance
Time Frame : 1 Week.
This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis.
Key Observations:
Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend.
Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume.
Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend.
Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal.
Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum.
Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal.
Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend.
🔼Bullish Cases:
Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin.
Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs.
Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth.
Fundamental View on the future of MIL:ENA :
▶️ Sector: DeFi
▶️ MC: $3.73B
▶️ FDV: $18.58B
▶️ Unlocked supply: 20.22%
- Ethena is a synthetic dollar protocol built on Ethereum.
- It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure.
- Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond."
Conclusion:
The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators.
Recommendation:
Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
$BTC - Quick Market Updates CRYPTOCAP:BTC stalled or consolidating at the high, retesting its immediate resistance at 98.5k
98.5k remains to be the trouble zone that we need to reclaim. If we continue to reject at this level (m_rvwap) , we might test 96.6k (npoc) to 96.1k (poor low)
Would love to see we hold the value area low, but we'll see how the weekly closes!
BITCOIN Cup & Handle Pattern has yet to see its full potential.Bitcoin has been forming a massive cup-and-handle pattern, which I pointed out a long before it was common knowledge. Even with the new all-time highs it has already set, broken, and set again, it has still yet to realize its full potential.
Many are just now starting to realize that the bull run we are currently experiencing isn't like previous bull run cycles and is operating in a way that's unlike anything we've seen before. 'Altcoin season' may very well end up becoming a permanent Bitcoin season if this trend continues.
Good luck, and always use a stop loss!