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CMC

BITCOIN INSIDE AN ASCENDING TRIANGLEBitcoin has created a nice ascending triangle under the hourly timeframe where we are required to wait patiently for a breakout confirmation to determine the next direction that BTC may take in the next few days. Here we witness a fake breakout earlier on the minor resistance formed, which is indicating that BTC has a strong selling pressure aligned above this level. So we have a higher chance of seeing a downward shift in prices, but still we are required to confirm a bearish breakout on the trend line first.
Short
by ChampsMoneyConcepts
AAPL MIGHT BREAK THIS KEY LEVEL NEXTThe price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top formation. The price breakout on the key level is expected to revisit the bottom support highlighted at $145 region.
NASDAQ:AAPLShort
by ChampsMoneyConcepts
🔥BITCOIN MAY HIT 100K NEXT FROM HERE🚀Bitcoin has recently surpassed its previous all-time high and breached the resistance level that had formed. However, there appears to be a minor selling pressure, suggesting a potential pullback to retest the previous resistance level before initiating the next rally. Notably, during the previous sell-off, a target level around $102k was maintained, corresponding to the Fibonacci 1.618% retracement. Presently, the current price of Bitcoin seems to be respecting the previous resistance level as a support, indicating a reluctance for the price to retreat back inside or below the previous resistance zone, at least for the time being.
Long
by ChampsMoneyConcepts
🔥BTC MAY FOLLOW A LIQUIDITY SWEEP & A CORRECTION BEFORE NEW ATHBitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may be necessary to solidify the current bullish trend.
Short
by ChampsMoneyConcepts