Overview: The FRED:SP500 gave us another red candle on Thursday, erasing Wednesday's gains. It has been accumulating in this zone for a week, unfortunately drawing a longer lower wick. The effects of the September sell-off are starting to become more evident. NASDAQ:QQQ confirms our concerns, as its recent high failed to reach the previous high and is now...
We are observing a BTC dominance move that will indicate the anticipated altcoin rallies in the next 3-4 months. This move could signal a significant rally in the altcoin market and pave the way for substantial gains in altcoins. A drop in dominance can be seen as a positive signal for altcoins.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing a shaky appearance as it falls below the midpoint. Accordingly, it is necessary to check the movement of the StochRSI indicator when a new candle is...
Yesterday, I made a very comprehensive update on why BTC likely has a hard drop coming - the only problem is it published the video on the BTC.D chart 🥴 So, you've likely missed it and I will repeat it here today because it's a VERY clear signal. Altcoin dump happened BETWEEN the first turquoise and the purple vertical line, from halfway onwards: Up until this...
Market Context: FTM is at a key support level and is oversold on medium timeframes, making it a favorable candidate for a long trade. Trade Setup: Entry: Long spot position at $0.43 support level. Take Profit: First target: $0.50 Second target: $0.60 Stop Loss: Just below $0.40 📊 This setup aims to capitalize on the oversold conditions and key support, with...
Market Context: LINK has reached an important level of support, with oversold conditions on medium timeframes. This presents a potential long trade opportunity, particularly if BTC holds the $58,000 support level. Trade Setup: Entry: Long trade around $10.80 - $11.53 support level. Take Profit: First target: $12.50 - $13.00 Second target: $14.50 - $15.30 Stop...
Recent Market Activity: Last night, $Bitcoin experienced a sell-off, dropping to the next support level after attempting to reclaim both the Daily 200 Moving Average (MA) and the $64,000 resistance level at the end of last week. Key Levels: Daily 200 MA: A reclaim of this level would have been very bullish, but the drop below it in the last two days indicates...
Bitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its...
Bitcoin (BTCUSD) is taking a hit on a weekly basis as, despite last week's green candle that extended the rebound on the 1W MA50 (blue trend-line) and hyped hopes for a new 70k test, the last two days are resetting the momentum. Still, there is no cause for alarm as BTC has been practically consolidating since the March All Time High (ATH). And in fact, the...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge. Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level. But soon, BTC turned around...
I checked the BTC to DXY chart It should be said, is it time for high-risk markets to enter their secondary bull market and once again all the people of the world stare at themselves with their champs, especially in the altcoins sector? I say yes, the next few will prove that the beginning of this process is taking shape...
BINANCE:BTCUSDT The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Currently, Bitcoin is fluctuating around 60k and has not been able to break through the 67K level. This suggests that it may continue to fluctuate within this range and requires closer...
People are still in denial. 5$ will be the cherry on top.
While technicals and all that stuff speaks for a further down move, I have to trust my fundamental idea of rate cuts and the missing retail pump as well as the fear & greed index which turned bearish back again.
In this analysis I want to take a closer look at Bitcoin's current bull-cycle and compare it with the previous cycles. I count from December 2011 onwards. As seen on the chart, the first cycle (yellow) is an outlier in both duration and growth. We will likely never experience something like that again. The most interesting cycles to compare the current cycle to...
Michael Saylor has taken the all in method in accumulating Bitcoin and allowing large institutions to front run the cheap credit cards using senior convertible debt bonds. He bypassed the SEC regulations and jumped in front of BlackRock. Now Blackrock late to the party is slowly allocating global pension funds to the IBIT fund while the recessions fear...
H1 - Bearish trend pattern Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Base on wave analysis we see these scenario for bitcoin for the next move 1- its a running flat correction and start to go up from 59K. 2- its a regular flat and will start to correct to 54-55 and then go up from there.