Bitcoin - Nobody expects such a move.3 month liquidity hited. Level 31730.
6 month liquidity hited. Level 31730.
these levels also coincide with the fibonacci level. this is the seller's discount zone 0.5%
What is interesting is that the monthly high was also taken out, by the previous maximum.
There is still a gap below that needs to be covered.
Nobody expects such a move.
Recently, miners have put bitcoins on exchanges to hedge, I don't know how to find this information correctly.
There is no greed in the market, but there is some liveliness of the market, I started to hear a lot about 32 35 40 thousand dollars for bitcoin from some young analysts.
These are all thoughts in the ear, if you have an alternative opinion, please write.
Btcusdtendenciaalcista
#BTC will break this resistance or we will see a pullback?#BTC UPDATE
On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge.
A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support.
Let's understand deeply
Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023
Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network.
The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings.
Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability.
In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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#BTC break down this bearish pennant pattern!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC break down this bearish pennant pattern
What is a bearish pennant?
A bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They’re essentially the opposite of bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
When technical traders spot a bearish flag pennant, they take it as a sign that the downward price move is going to continue once the market breaks below its support line. Like their counterpart, bearish pennants can occur over any time frame.
Currently retesting it. According to this pattern, we can drop 27% from here.
Bulls need to invalidate the pattern
Stay tuned. I will keep updating.
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#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Update
BTC is trading inside this ascending channel pattern and is currently at the lower support of this channel we also have 50 MA and 19.6k as local support.
if BTC hold this support then we can see some bounce
but in case BTC breaks down this channel then we will drop towards the next support which is the 18k level.
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#BTC breakout this Descending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Update
BTC breakout the descending triangle and retesting above it. The volume is very low in this breakout. MA50 is also acting as a resistance.
Still, the price is in a contraction phase. A move above the local resistance of $20,500 with a high volume will confirm a decent bullish rally in the market.
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Will BTC continue the downward movement?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Update
#BTC is trading inside this descending channel, and as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal BTC needs to break out of this channel.
BTC is forming this descending triangle pattern since 145D, as we know this is a bearish pattern, but to conform to any move we need a breakout or breakdown of this pattern.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
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#Bitcoin Current Update ( Daily Time Frame ) Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Update
#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
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#BTC is at local support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC breaks t this ascending triangle pattern currently it is at the local support IMO BTC will bounce from here and retest $19.5k but in case any candle closes below this local support then it will drop towards the lower support which is around 18k.
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#BTC is at support, What's next? Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid and then it will drop towards the lower support which is around 18k.
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#BTC is still trading in this ascending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid.
Stay tuned and don’t forget to like this chart.
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#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC is forming this expanding triangle pattern in the daily time frame.
currently, at the lower support of this pattern, we can expect a bounce from here according to the pattern but In case a daily candle closes below this lower support of this pattern will invalidate this pattern.
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#BTC NEEDS TO HOLD THIS SUPPORT!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is making an expanding triangle pattern which is a bullish pattern and we have these two important support 18.8k and 17.8k. If it can hold this support then we can expect a bounce back soon.
If BTC breaks down and closes below this support level then the descending triangle will play its part.
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#BTC: What will the next move?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is making a descending triangle pattern which is a bearish pattern but we have these two important support 18.8k and 17.8k. If it can hold this support then we can expect a bounce back soon.
If BTC breaks down and closes below this support level then the descending triangle will play its part.
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#BTC AND USDT DOMINANCE COMPARISON!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction.
Tether Dominance
- Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different.
- It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time.
- Since Tether (USDT) is a stablecoin that tracks the USD, an increase in Tether's dominance suggests a pullback or correction in cryptocurrencies.
- A simple way to understand it is to think of USD flowing in and out of the market.
- On the other hand, if Tether's dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market.
- If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black).
- Key support and resistance zones for Tether dominance are marked as well.
- As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards.
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BTC bullish view ! Price might go up!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
#BTC RSI is Printing Bullish Divergence in the 1H timeframe.
In Short term, we can see a Bullish Rally towards the 21,800
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#BTC SHORT TERM UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
As I mentioned, BTC broke this bearish flag pattern in the daily time frame currently, it looks like retests of this pattern which is not suitable for the whole market, according to the pattern it can drop up to 42%.
In a shorter time frame it lying on this local support and it is making this expanding triangle pattern we expect son pule back from here.
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BTC: retesting this flag pattern! which does not look goodHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame.
currently, it looks like retests of this pattern which is not good for the whole market, according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
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#BTC is at resistance, What's next? Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
if we look at the daily time frame BTC is at the resistance of $21500
As I always say to wait for confirmation so this time too we have to wait for a conform breakout but in case it got rejected then it will drop up to the lower support which is 18500k
we need a breakout of this big descending channel if in case of big really
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#BITCOIN Bulls Have been Defending the Crucial Support..!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is still trading inside this bullish falling wedge pattern if it breakout this pattern with confirmation then according to the pattern it can pump up to 17%.
RSI is making this bullish divergence move
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