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.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
BTC Bullish 1D & 1W Horizon 🌞 Bull Run Has Started? The bull run on the global crypto market will continue, with a bullish sun shining over Bitcoin, Binance Coin, Polygon, and Uniswap in the coming hours and week, ATTMO shows. 🌞
Ether and Ripple’s XRP will profit from the bullish sun in the next 24 hours, before bearish clouds ☁️ sweep in over a longer one-week horizon, signaling downside risks.
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BTC Bullish 24-Hour & 1-Week Horizon ☀️ What About Alts? A bullish sun ☀️ will shine over Bitcoin, Ripple’s XRP, Binance Coin, and Avalanche in the next 24 hours, while bearish clouds will sweep over Ether and Cardano. ☁️
These mixed trading signals will continue to prevail in the next seven days, with Bitcoin set to continue rising, and Ether facing downside pressure. 🌧️
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Market Update - December 21, 2023
Bitcoin has another choppy week but finishes strong: Mirroring last week’s trend, the price of bitcoin (BTC) had a choppy week, with BTC testing the $40.5k level on Monday morning before bouncing back above $43k. Bitcoin finished the week strong climbing to around $44k by Thursday.
BlackRock amends bitcoin ETF application to allow for cash creation and redemption model: It appeared that Blackrock bowed to the SEC this week, filing an amended S-1 on Monday that excluded the “in-kind” creation and redemptions for its Bitcon spot ETF, favoring the “cash creation and redemption” model. Other aspiring bitcoin ETF issuers followed suit, including Valkyrie, Invesco, and Galaxy Digital.
Ether has mild week and loses ground on bitcoin as ETF decisions delayed: The price of Ether (ETH) remained subdued during the week, with the ETHBTC pair dropping to its lowest level in the past two weeks, moving below 0.051. The SEC also announced it would be delaying its decision on a number of Ethereum ETFs, as expected. ETH is sitting around $2,200 as of Thursday.
Inflation data coming Friday may further cement likelihood of rate cuts in 2024: The Core Personal Consumption Expenditure (PCE) for November will be released on Friday and is expected to come in at 3.3%, down from 3.5% in October, reaching its lowest level since early 2021. This should add to recent positive inflation data and increase the likelihood of interest rate cuts in the coming year.
🎉 Topic of the Week: 2024 Trend Report
⏭️ Read more here
BNB Bullish ☀️ Ahead - Going Upwards! BTC ☀️, ETH 🌧️A bullish sun ☀️ will shine over Bitcoin, Ripple’s XRP, Binance Coin, and Avalanche in the next 24 hours, while bearish clouds will sweep over Ether and Cardano. ☁️
These mixed trading signals will continue to prevail in the next seven days, with Bitcoin set to continue rising, and Ether facing downside pressure. 🌧️
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XRP Bullish 24 Hrs ☀️; Bearish 1-Week Forecast ☁️ Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun ☀️ shining over Bitcoin, Ripple’s XRP, Binance Coin, Avalanche, and Polygon. Bearish clouds hang over Ether, Chainlink, and Cardano. ☁️
Over a one-week horizon, these bearish clouds ☁️ will move in and are likely to weigh on the price of Bitcoin, Ether, Litecoin, XRP, and Polygon. The bullish sun ☀️ will continue to shine over Cardano, Binance, and Avalanche.
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BNB UnleashedDon’t Miss Out! Binance Coin (BNB) Leads Crypto Market Charge with Technical Breakout Fueling Potential Surge
Binance Coin (BNB) Price Analysis: Navigating the Path to Surge Towards $300
In the ever-evolving landscape of the cryptocurrency market, Binance Coin (BNB) stands out as a beacon of potential, with its current trajectory indicating a probable climb of up to 20% towards the coveted $300 mark. This analysis delves into the nuanced factors driving BNB’s recent surge, the strategic levels to watch, and the overall market sentiment that could influence its journey.
Binance Coin Price Overview: Catalysts and Momentum
Binance Coin has emerged as a standout performer in the recent crypto market dynamics, particularly as Bitcoin reaches $42,599 and Ethereum soars to $2,204. Amidst this bullish backdrop, BNB has exhibited notable gains, currently resting at $254. The market’s growing optimism, fueled by the anticipation of BTC spot exchange-traded funds (ETFs) approval in January, has become a driving force behind the surge in various cryptocurrencies.
However, the crypto space remains on edge due to the lingering uncertainty surrounding potential pre-approval sell-offs or rallies. In this context, Binance Coin appears to be charting a course of least resistance, paving the way for potential upward movements.
BNB’s Path to $300: Technical Analysis
As we dissect the technical aspects of Binance Coin’s recent performance, it becomes evident that the coin is in the early stages of a compelling rally with a target set at $300. Key indicators underscore the positive trajectory:
Exponential Moving Averages (EMAs):
BNB has maintained its position above crucial levels, as indicated by three applied MAs. The 50-day Exponential Moving Average (EMA) in blue, currently at $237, serves as foundational support. Additionally, the confluence support created by the 21-day EMA (in green) and the 200-day EMA (in white) adds further strength to BNB’s position.
Trendline Breakout
A pivotal moment in BNB’s recent journey was the breakout from the descending trendline resistance. This breakout, coupled with a spring from the horizontal ray support backed by the 50-day EMA, accentuates the bullish theory surrounding Binance Coin.
Yellow Resistance Breakthrough
The next breakout, anticipated above the yellow band on the chart, could be a game-changer. A successful retest of this yellow resistance may pave the way for BNB to surge towards the $300 milestone.
Market Sentiment and Considerations
With BNB’s trajectory pointing towards potential gains, traders need to exercise strategic considerations. As the coin makes strides towards the $300 target before 2024, cautious optimism is advised. Traders should be vigilant, considering potential obstacles at $260 and $280, which might pose challenges during the ascent.
In conclusion, Binance Coin’s ascent in the crypto market reflects not only its individual strength but also the broader positive sentiment prevailing in the space. The journey towards a climb to $300 holds promise, and strategic awareness of key levels will be instrumental for traders looking to capitalize on BNB’s upward momentum. As BNB continues its climb, the crypto community watches with anticipation to see if it can conquer the challenges and emerge triumphant in the ongoing crypto rally.