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Btc-usdt

BTCUSDTHello Crypto Lovers, This is a 1D frame analysis for BTCUSDT As you can see, the price is bouncing towards the resistance line of 30,000 USD. At present, if the price cannot break the first resistance line, we expect a correction to the first support line and it can complete the pullback and if the support holds and the pullback pattern completes, it can move back towards its resistance line. But due to the price compression, there is a possibility of price increase and breaking the resistance line. If you don't want to take too much risk, Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
🔥 Stablecoins Are Predicting A Massive DumpIn this analysis I want to take a look at the stablecoin (USDT/USDC) dominance. To construct this indicator yourself, simply put "(CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL" in the symbol search area. As seen on the chart, the stablecoin dominance (the stablecoin value / all crypto value) has been steadily rising over the years. There can be a multitude of reasons for the rise, but more important in this analysis is the fact that the stablecoin dominance seems to follow a clear bullish channel pattern, where it bounces from both the top resistance and the bottom support. The stablecoin dominance is currently closing in rapidly on the bottom support. The last three times that the stablecoin dominance reached this support it always pinpointed a local Bitcoin top and signaled an incoming dump. Will this happen again in the near future? We can't say for certain, but historically we're getting very close to a moment where Bitcoin can dump. There's definitely more room to grow, but risk is on the horizon. Best case for the bulls would be that the dominance would fall through the support and continue to go down.
CRYPTOCAP:USDTShort
by FieryTrading
13
🔥 Bitcoin Short-Term Channel Break Out: Patience!BTC has been trading slighly bearish every since we made a new 2023 high a few days ago. Some consolidation was to be expected after the huge pump that we got earlier. I'm anticipating a bullish break out of the channel. To confirm the break out, I'd advise to wait patiently for the candle to close above the resistance. Stop at 30.500, target at 32.000, more defensive traders might want to take some profits around 31.400
Long
by FieryTrading
12
BTCUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for BTCUSDT As we can see, the price was able to experience a good rise after breaking the resistance line and bring its momentum towards the first resistance line. However, we can currently see a weakness in the trend and we have two scenarios in mind. Scenario one: We expect the price to be able to bring itself towards the first support line and then, with support and higher line stability, to start its upward trend again. Scenario two: If the price is able to stabilize above Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Short
by MarsSignals
1
🔥 Bitcoin Finally Breaking Out After Months Of Selling?BTC has been trading inside a bearish channel since we topped out at the start of April. Effectively, nothing interesting has happened for 2 months. As of today, BTC is yet again testing the top resistance of the channel. This signal assumes that we're going to break out of said channel, making it a bull-flag break out. Please be patient for the break out to confirm! With many alts trading around their 2023 lows, there's a lot of upside to be had in the alts, but for now we're looking at BTC. Stop below the most recent swing low. Target placed at the 2023 highs.
Long
by FieryTrading
13
BTCUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for BTCUSDT.1D We are in the daily time frame. As you can see, the price is completing the cup pattern. And we have two scenarios in mind. First scenario: If the price can stabilize above its first resistance line and break its strong resistance zone, we can say that the price can start an upward rally. Second scenario: If the price is weak after hitting the resistance line and cannot move above the resistance line, we can experience a price correction because the price has tried and failed to break this area several times. But there is a possibility of breaking this area and it is not far from imagination Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
5
BTCUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for BTCUSDT.1D We are in the daily time frame. As you can see, the price is fluctuating in a downward channel and we can compare it to the flag pattern and currently the price is approaching its first resistance line and we have 2 scenarios in mind. The first theory: if the price can stabilize above the first resistance line and break the first resistance zone upwards, we expect the price to increase. Second scenario: But if the price hits the resistance line and cannot stabilize above the resistance line and we observe the weakness in the trend, we can expect a fall to the support areas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1