Finally Sunusdt breaks Crucial Resistance seems Like Sun Is ready for Massive Bullish impulse Falling Wedge Breakout Has already done Expecting 34 to 40% bullish wave
Btc-usdt
COCOS: Will Whales Drive This Coin to $15 with Volume ++The majority of the crypto market is currently stable. One of the top coins that whales can get more interest in is cocos same time it can be driven towards important targets of 3, 9, and 15 USD.
We will closely monitor this coin in both the short term and the long term.
Upon studying patterns, it has become evident that COCOS has displayed a significant trend indicating a high possibility of a breakout. However, it's important to note that a trend pattern does not guarantee absolute accuracy and should be validated by ongoing trends. We will continue to track this coin's progress in the coming time.
There is a likelihood that COCOS will experience a breakout, allowing the coin to defy the current trend and potentially surge with increased trading volume. We anticipate that this possibility has a high chance of materializing in the coming time.
Please note that this information does not constitute trading advice. Always conduct your own research and analysis.
BTCUSDT.4HHello dear friends,
*Mars Signals Team wishes you high profits*
This is a 4 hours time frame analysis for BTCUSDT
We are in the 4 hour time frame and as expected the price has managed to move to our first support zone. Currently, the price is moving in a descending channel and has reached the ceiling of our channel. If the price can't penetrate above our first resistance line, we expect more fall, but if it can penetrate and stabilize above our first resistance line, we expect an increase to the second critical area.
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
🔥 Using Manufacturing PMI To Trade Bitcoin CyclesWhat is the Manufacturing PMI (investopedia)?
The Purchasing Managers' Index (PMI) is an economic indicator that measures the direction of trends in manufacturing and service sectors through a diffusion index. The PMI provides information about current and future business conditions to decision-makers, analysts, and investors. The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity. The PMI affects economic decisions by helping managers in a variety of roles to make production, purchasing, and inventory decisions. Investors can also use the PMI to their advantage, as it is a leading indicator of economic conditions that can yield profitable foresight into developing trends in the overall economy.
To offer better readability, I added a 10-period simple moving average to the PMI.
As seen on the chart, we can derive quite a lot of forecasting power from the US PMI. Once it bottoms BTC tends to go up, and once it tops BTC tends to go down. Even easier: a downward sloping moving average is bad and an upward sloping moving average is good for the markets.
As seen on the chart, it appears that the PMI has bottomed in November of 2022. Since then, both crypto and stocks have not made new lows and are grinding upward.
In the future, I suggest you add the PMI indicator to your long-term market analysis to determine whether it's a favorable time to buy or not.
BTCUSDTHello to all small and big traders, today I was checking all the empty spaces of CME when I noticed 3 gaps that have not been filled yet, one is in the area of 34000 to 34800, one is in the area of 21000 to 20000 and the other is in the area of 9500 to 10600. It doesn't matter if it is filled, but it must be filled. This plan is for a long-term view. Now or first, we will pay 34,000 dollars, and then the drop and the new floor, and then we will move right at the time of halving for the new ATH, or it will be filled later, whatever the case may be. be careful .
🔥 Bitcoin Potential Perfect Bearish ChannelAfter a failure to break through the 30,000 resistance three times, it appears that the bulls have given up and the bears took over.
When we connect the two local tops and copy that trend line to the bottom, we create a perfectly symmetrical channel.
It's unclear whether we're going down all the way to the support line of the channel, but I have to agree that things have started to look more bearish after we topped at 31,000.
With the FOMC interest meeting around the corner, we have to consider the idea that Powell will announce that he won't cut the raise, and potentially even raise more in the future, leading to a bearish reaction.
Time will tell.
KNCUSDT → Strong consolidation after a resistance break KNCUSDT forms a breakout of range resistance. But this maneuver came at the time of correction of bitcoin and the whole market, so these nuances restrain further growth of KNC.
The coin after the resistance breakout forms consolidation in a narrow range, forming a strong support area below 0.600 and a strong resistance at 0.750.
The moving averages are also indicating lower volatility and a period of consolidation.
Price is forming multiple retests of the strong resistance area, I think that with positive leverage from bitcoin and more positive market sentiment, price will still break that area.
Strong support: 0.650, 0.600
Strong resistance: 0.750 (breakout strategy) 0.850
I expect that the price will continue to test the resistance at 0.750 and after the next attempt it will still be able to break it and will start to realize the accumulated potential.
Regards to R. Linda!