Cryptolevels
ORnNYSE:ORN appears to be a good buy. Taking an entrance is recommended after flipping the trendline and having a candle close above it within a 4-hour timeframe. Targets are clearly mentioned, and stop-loss is always recommended. Everything is on the chart
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BITCOIN (BTCUSD): Waiting For The Next Move ₿
Bitcoin is trading in a bullish trend since the beginning of this year.
The market stopped growing ahead of holidays and we see a local weakness
and formation of an inside bar on a weekly time frame.
Analyzing the price action on a daily, we can spot a horizontal range.
Trading volumes are accumulating within, setting lower highs and higher lows.
Your next bullish confirmation will be a breakout of the upper boundary of the range.
A daily candle close above 45000 will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 47000 then - the next weekly resistance.
A bearish breakout of the support of the range will be a signal of an extended correction.
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BTC Stalls at $44K: Eyeing a Dip to $39K-$35KBitcoin's recent attempts to breach the $44K mark seem to be losing steam, hinting at a possible downturn. The inability to break this key resistance level could signal a shift in market sentiment, leading to a retracement.
Key levels to monitor:
Immediate Resistance: $44K
Potential Downward Targets:
39K
- $35K
If BTC fails to sustain above $43K, we might witness a move towards the
39K
-$35K zone. This range could act as a crucial support area, offering opportunities for accumulation or re-entry for those on the sidelines.
Traders should watch for:
Volume changes as BTC approaches these levels.
Market sentiment indicators that might suggest a shift.
Key technical patterns that could confirm the downward trajectory.
While the broader market context remains bullish with the upcoming ETF decision, short-term movements could be dominated by these technical barriers.
A cautious approach is advised, with a keen eye on how BTC interacts with these pivotal price points.
🚀 BLUR/USDT: Bullish Move Loading! 📈🔍 I have been closely monitoring BLUR/USDT for the past two weeks, and I am now 90% confident that a bullish move is on the horizon! 📈 We can anticipate a potential surge of 30-60% in the coming days. Let's stay tuned and observe the exciting developments in this trade! 💪
Disclaimer: ❗️ This information is based on personal analysis and is not intended as financial advice. Always conduct thorough research and consider your own risk tolerance before making any trading decisions.
BTC will BreakDown 42.5k Support SoonBtc Trying hard to Survive and can't break 43.8k Resistance and Getting rejected multiple times. expecting an major dump or bloodbath soon if btc won't hold 41.8k Area. Alts will bleed.
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BTC on the cusp of breaking outBTC had a bullish break out of a bearish right angled triangle a few days ago. Now it is showing accumulation, on a smaller timeframe, against a minor resistance standing in its way from the next target. The accumulation is well shown by the 1h graph:
The stoploss is placed below the low of the accumulation phase as below that we believe that we could head to 42k should we invalidate this pattern.
The third target is the 0.618 golden retracement from the bull market high to the bear market low. Good luck!
THE CYCLE BREAK OF OPTIMISMThank you for reading this update.
Depending on our study we see that UMA has a good chance of volume increase.
OPUSDT did show a great break movement, which could be the start of a new cycle.
At this moment it's important that OP need to confirm the next time frames.
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#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.