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TRBUSDT - one n only region, holds or not??#BTCUSDT - crypto season is onn and our coin TRBUSDT is just below his full n final resistance. First keep close Arc position and 2nd Our upside resistance that is at 105 around. Means that region start from 100 to 105 will be our area and it will play key role in next move. So don't buy TRBUSDT untill market holds that region and only add buying positions above that region. Don't be lazy here and stay sharp.. Good luck Trade wisely
by AdilHussain731333
Bitcoin Analysis: Buzzing with OpportunityBy The Cryptohoney Trader Kingdom Hello, fellow traders and crypto enthusiasts! Just like bees finding the sweetest nectar, I've been diligently monitoring Bitcoin's price movements and have identified some critical areas and targets that could guide our trading strategy in the upcoming weeks. This idea is a gift from me to our community, and it represents our collective vision of thriving in the crypto market. Dangerous Price Area: 46,195.00 to 48,222.00 Think of this zone as a hive under threat. Historically, significant volatility and potential sell-offs have occurred here. Keep a close eye on this area for potential reversals or continuation patterns that could either sting us or offer a sweet opportunity. Retracement Price Area: 53,000.00 to 59,000.00 A strong retracement to this zone could be like finding a rich patch of flowers. Look for signs of consolidation or a bullish reversal to enter long positions. This area could provide an excellent buying opportunity, much like bees gathering honey from abundant blooms. Key Breakout Requirement: For Bitcoin to confirm a robust bullish trend, it needs to close above 69,789.00 for at least 2 consecutive days. This will indicate strong buying pressure, similar to a bee colony thriving with energy, and likely continuation towards higher targets. Cycle End Target: 86,410.94 Based on my analysis, the ultimate target for the current cycle is 86,410.94. This target aligns with historical price patterns and key Fibonacci levels, representing the pinnacle of our honey-gathering efforts. Stay vigilant and adjust your strategies according to market conditions. Let's keep our hive buzzing with success. Happy trading!
INDEX:BTCUSD
by The_CryptoHoney_Trader
BTC price $26K - $34K BTC broke out of the accumulation and showed an aggressive way up. This was to be expected. Now I see three scenarios: 1. A further compression and reaching the range of 32-34 thousands, from which the sales can go and put BTC into accumulation, gain strength and continue moving up with the targets ~$40k. 2. A retest of the breakout level, where BTC showed growth and also formed an imbalance, somewhere near the end of the week (followed by a quick redemption). 3. Weakness of the buyer, uncertainty of the market, and everyone's favorite FUD. Unsuccessful upward breakout, leaving below $28.5k will confirm a (short-term) deep correction.
by metruch
Bitcoin Assumptions Gone WildToday's Presidential Executive Order did not mention Bitcoin by name once. Instead it focused on "digital asset technologies" and CBDC's. The White House Talking Points also failed to reference cryptocurrency as as the focus of the order, instead including crypto in the discussion as being outside of regulatory framework and as part of illicit activities. Bitcoin maxis and crypto evangelists make extreme projections, relying on assumptions as fact. When discussion or critical thought is entertained, an abundance of fallacies (straw man, red herring, slippery slope) and biases (experiential, confirmation, reinforced through echo chambers) get piled on. Since Bitcoin's inception, the economic environment has been supported by a dovish Federal Reserve and Central Banks, with unfettered money supply driving risk-on speculative investing. This unsustainable monetary policy has resulted in extreme price spikes and inflation not realized in over 40 years. Nascent markets lack regulatory frameworks and are more volatile given low market capitalization. Assumptions including replacing gold as a safe haven store of value as well as a belief that decentralization will succeed in the face of traditional finance and government driven efforts to maintain status quo are rampant. Financial controls are now being weaponized against Russia for invading Ukraine in a way that has never been seen before. The second and third order effects of Nation States and entities realizing the vulnerability are unfathomable at this point in time. Power exists not only in the centralized environment, but also in controlling access to decentralized platforms via Internet Service Providers and fiat on/off ramps. Governments have the ability to declare threats to national security as illegal and have ways to attack these threats directly and more importantly indirectly. When all is said and done, we have gravitated from critical thought and open dialogue to communication via headlines and memes. At the end of the day, Bitcoin and the broader crypto community will either find a way to coexist and complement existing order or be relegated to a niche that doesn't gain widespread support or use because of difficulties imposed by those seeking to retain centralized control.
INDEX:BTCUSD
by R0MM3LL