CELR SEEMS TO GO GAME OVER A CRASH LIKE LUNA AND FTT DIDThanks for reading this update, please remember that this is not trading advice.
We expect that CELR is the next coin that will see a next free fall and game-over trend. Since the big exchanges have played the round.
We see on low time increase but this means noting for the real trend, we did expect before more crash trends on other coins.
The fake volume increase is the reason for the start of the crash. It is all about smart money and transaction data in combination with top whale holding.
The market cap and holders decrease, and the last data shows a connection with the FTT and Luna trend.
CELR is at this moment on a very risky trend as data shows and can be the next fall coins with the game over as Luna and FTT did. If this happens we expect that we will see soon a big free fall and crash trend on Celr like Luna and FTT did.
We did use the same tools to expect the crash we did before on Luna and FTT crash.
The big rule in trading, when a coin loses more than 80% of its value will stay a very risky coin even if it has a small time frame increase.
We have added what we expect, and time will learn what will happen with CELR.
This update is our view and means not to use it as trading advice.
The best traders in the world are traders who can read early data and expect a high chance of what the market can do . Nobody will be able 100% to be right, but with more chance, you can see the side.
* This crash expecting is by ASIA trend and on USDT pairs since its 94% of holding.
Crypto-trading
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BTCUSD: The hidden Pivot trendline that leads to $50k.BTCUSD is technically overbought on the 1D timeframe (RSI = 80.516, MACD = 1734.400, ADX = 57.748) after a very strong 10 day rally that saw it hit a trendline that most people haven't noticed. That is P1, the underlying pivot line that was the HL when the rally was initiated at the start of the year.
A Golden Cross was formed on the first High of that January rally and similarly Bitcoin is about to form another one, the first Golden Cross since then. It is therefore possible to see a pullback to the dotted HL and then cyclical rise and fall until $50,000 in the same way as the price action worked above the P1 level from January to July.
See how well our prior idea has worked:
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Looking for potentially $21k Bitcoin in the coming weeks.Hello,
Been a while since i Have posted, but it has equally been as long since Bitcoin did anything tremendous. Overall, I think this move up is a part of an internal corrective zigzag structure that could lead to FWB:21K on the daily tf.
After that, I would look to potentially FWB:42K area as a potentially higher tf zigzag structure on the Weekly. There is nice confluence if that target is to be acheived.
Trade safe.
BTCUSD and DXY: Tales of two Megaphones.BTCUSD has managed to stay neutral on the 1D technical outlook (RSI = 53.222, MACD = 356.700, ADX = 24.282) despite the recent geopolitical turmoil, showing considerably buying strength after rebounding near the 1W MA50 at the bottom of the Megaphone.
The same Megaphone can be seen on the DXY and last week the price formed a top and got rejected on the HH trendline. It is widely known that the USD is negatively correlated (moves opposite) to risky (and not only) assets, including Bitcoin. This correlation and especially the upcoming MA50-100 Bearish Cross for DXY and Bullish Cross for Bitcoin on the 1W timeframe, should send the latter even higher, considering that it is closer to the 1W MA100 and is the last Resistance standing from the bear market.
It is obvious that (at the moment at least), Bitcoin is proportionally more bullish than DXY is bearish, but of course this can change depending on outside fundamental dynamics. Even the 1W MACD shares opposite but symmetric trends. A 34,000 target based on this doesn't seem far fetched for Bitcoin.
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Arthur Hayes’ Fresh Bitcoin Price Predictions
In a recent Impact Theory interview, former BitMEX CEO said that Bitcoin could reach $750,000 to $1 million by 2026 and $70,000 by the end of 2024.
Here are his key arguments:
1. Anticipated Financial Crisis: Hayes anticipates a financial crisis that could result in interest rates dropping to zero or rising, albeit not as swiftly as government spending rates.
2. ETF Launches: He envisions major asset managers in the U.S., Europe, and possibly Hong Kong launching multiple exchange-traded funds (ETFs) for Bitcoin.
3. Record Market Levels: Additionally, Hayes predicts that NASDAQ and the S&P 500 will attain record levels.
Bitcoin I KNOW i have not posted any charts in a while and you might be wanting (if you follow me) to know how to feel about this BTC breakout and recent pump. But in all honesty, all it has done is come right back into the rang and using the same S(support) and R (resistance) lines that I mapped out for you months ago. Only thing is now the lines you used to buy for support your now most likely better off watching as R (resistance).
It even seems the yellow downward trendline even is still in play and recently gave you a great moment of info to either TP a recent long and or setup a new short at that time.