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Crypto Market in 24 Hours: Bright Outlook ⛅, LTC Halving LoomSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off. Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰 Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
Touched Important Level & Patterns Remain BullishTraders, Just a quick little update here. I pointed out this bullish triangle in a previous post. I had suspected we had one more small drop to 28,500-28,800 before any sort of breakout OR breakdown. So far, neither of the latter has occurred yet, but we have hit my support marked price level. That's great. Also positive is that we remain above this support and inside a bullish patterns both on the price and RSI chart. We will soon exit in one direction or another, however, probability suggest a move to the upside. Also positive is that our SPY chart remains in the breakout area. Until this changes, I don't grow concerned but remain bullishly biased. A few negatives to consider: * We have not retested that descending trendline from Dec. '21. Though, we don't have to, it is a movement that usually occurs. The question then becomes, "When?" One possibility is a break to the upside of my triangle, a hit of that 31,600 level, and then a drop. If this occurs, an "M" pattern will have formed which would likely lead us down for that retest. * Another item to always keep in the back of your head is that we do have a gap on the Bitcoin CME Futures chart from the 10th of March 2023 at around 20k. Sooner or later more than 90% of all gaps are filled. If we stay above my neckline at 25,200, I don't expect that GAP to be filled this year. If we drop below it however, all bets are off. Watch these items closely or better yet, stay tuned into my channel and I'll try to update you as best as possible. Best, Stew
INDEX:BTCUSDLong
by stewdamus
BTC: TARGET 32800 Still activeAs of now, BTC has not surpassed the breakdown point. The level of wall protection has increased by K26.7, indicating a strong defense. As long as BTC maintains this target, it remains in a positive uptrend. BTC can sometimes play with psychology. We experienced a similar situation in the past, where BTC lingered around the 30K level. The brief rise to FWB:31K and subsequent drop to $30K might have seemed like a breakdown trend, but in reality, BTC is still stable in its main trend. There is a good chance of a breakout in the new time frames, potentially reaching $32.8K
Long
by Goldenbreakout
11
Bitcoin Weekly UpdateTraders, These lower prices have been causing some anxiety among traders. Is Bitcoin about to drop even lower? Could it even fill that BTC CME Futures gap at 20k? Well, as you know, anything is possible. But we’re about trying out best to find price movement with the greatest probability. And so, that is what I’d like to look at today. First off, let’s rule out that 20k possibility rn. The biggest reason that I’d like to do so is because we just have far too much strong support underneath our current price on many levels. For one, we have not even broken below the orange area. Previous resistance has now become strong support. Then, underneath that, we have that rising red channel that coincides somewhat with our 200 day moving average. And finally, below that, at 25,300 my neckline from a huge cup and handle pattern which we have already re-tested. If we would somehow break below this level, 20k would definitely be in the cards. Right now however, it is the most unlikely scenario. Okay. Let’s talk about the positives: Still above the orange area BTC in a bullish triangle RSI confirms with a bull flag And, as stated already, tons of support on the underside of us now The most likely scenario really becomes that another move up is coming soon within a week or two. We have reached resistance at the top of that bull triangle and so it is likely that we may not break out of it immediately. Thus, we could drop another $500+ to anywhere from 28.3k to 28.8k at which point my best guess is that we’ll finally reverse from this point. Another chart we should be tracking is the SPY chart (below). A move below 450 could indicate the bulls have become exhausted and we’ll collapse back down into our channel or below. Bitcoin would likely mimic price action and follow stocks down. So, keep at least this chart in your sites as well. Best in all your trades! Until next time. Stew
INDEX:BTCUSD
by stewdamus
MKR : UPCOMING TRENDthe upcoming trend for MKR what could make it able to gain up $800 coming time. Technical view shows the possibility for a new increase by MKR. Low time frame MKR needs to hold the $600 USD price action to be able to play in a stable trend that could change into a new increase view. If MKR can hold the $600 within the time frame then we could meet in the coming time the target of $800 MKR is at this moment one of the interesting coins that could show an increased view.
Long
by Goldenbreakout
Bitcoin (BTCUSD): Important Zone to Watch ₿ Bitcoin violated an important horizontal daily demand zone this week. The broken structure turned into a supply area. The price is currently testing the broken structure. Analyzing the intraday price action, I spotted a bearish flag pattern. I believe that a further decline will initiate after a breakout of the support of the flag. 4H candle close below that will confirm a violation. A bearish continuation will be expected then at least to 29000. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDShort
by VasilyTrader
2
Harmony (ONE) crypto Prediction 2023 ---> UP $0,10Harmony (ONE) Crypto Prediction 2023 This coin has a long-term breakdown trend from 18-04-2023 until today it did show a signal of increase and cycle interest, and for this reason, we expect that ONE is developing a new cycle in the coming time. We expect that this coin can gain up $0,10 in 2023 expecting depending on the technical view that the coin shows, including the new cycle that was activated today. This view is for 2023 and meant not a trading view for the day range.
Long
by Goldenbreakout
7
☁️ Clouds ahead for Bitcoin?☁️ Clouds lie ahead for Bitcoin and ☀️ sun for Ether in the next 24 hours, according to ATTMO. This implies a mixed trend with a downside risk for the largest world’s cryptocurrency Bitcoin and upside potential for Ether. Over a one-week horizon, the crypto summer should return with upside potential across the board in the cryptosphere. Ripple’s XRP will buck this positive trend following a stellar performance over the past week. ☀️ Follow us for more crypto insights.
COINBASE:BTCUSD
by ATTMO
XRP Basks in the Sun ☀️ XRP, LTC, ADA Brace for Rain 🌧️? Cloudy weather with some sun lies ahead for the overall global crypto market in the next 24 hours. This translates into a slightly bearish market with downside risk. However, Ether trades in sunnier conditions, indicating potential upside. ☀️ Over a one-week horizon, the forecast is mixed with sunny trading conditions ☀️ for both major cryptocurrencies – Bitcoin and Ether, as well as Binance. Other altcoins such as XRP, Litecoin, and Cardano face 🌧️ rainy if not stormy trading conditions, signaling a bear market with a possible downward trend. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
☁️ Trading Conditions; BTC ☀️ In 1 Week? Cloudy trading conditions loom over the global crypto market ☁️ , suggesting a slightly bearish outlook in the next 24 hours. But wait! Ripple's XRP defies the negative trend, and the predicted ☀️ signals additional upside potential. Over a one-week horizon, the sun ☀️ should return to the crypto universe, with a slightly bullish market and upside potential for Bitcoin and Ether. However, both XRP and Litecoin may face downside risk. Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
1
☁️ Trading Conditions; XRP Bucks the Trend & Shines 🌞Cloudy trading conditions loom over the global crypto market ☁️ , suggesting a slightly bearish outlook in the next 24 hours. But wait! Ripple's XRP defies the negative trend, and the predicted ☀️ signals additional upside potential. Over a one-week horizon, the sun ☀️ should return to the crypto universe, with a slightly bullish market and upside potential for Bitcoin and Ether. However, both XRP and Litecoin may face downside risk. Follow us for more crypto weather reports!
by ATTMO
Crypto Weather Report: ⛈️&☁️ - Will the ☀️ Return In One Week? Rain and clouds loom over the global crypto market in the next 24 hours ⛈️, with a downside risk on the horizon. But fret not! 🌟 After a rally fueled by a landmark US ruling, a trend reversal is expected. The crypto summer will return in three days shining brighter than ever! 🌞 ATTMO's forecast predicts sun for Bitcoin, Ether, XRP, and Binance over the one-week horizon. 🚀 This signals a slightly bullish market with potential for upside gains. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO