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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
Crypto Storm Ahead ⛈️ But Will BTC Break Through in 1 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:BTCUSD
by ATTMO
Axie Infinity was OVERHYPED, and I'm SHORTING it!Without getting into too much detail, I was one of the losers that jumped onto the Axie Infinity hype way too late. And I got burned. Now I want my money back and I'm shorting it. It's a terrible game in my opinion. It's performing much worse than the rest of crypto and is sitting at supply. I see two things happening. A big drop here from 6.661, or an extra pump up to 7.5, sweep, and a big drop back to new lows. KUCOIN:AXSUSDT to the ground :/ This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Short
by thetradedoc
UPDATE: XRP "noy security" reached first target at 0.7018 XRP formed a large W Formation. The last update I did was waiting for a breakout. We got the breakout and told you this would be a medium to long term trade. But this was unexpected. The price rallied to the first target and even higher. This was after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face. Does this mean XRP and other altcoins may soon be deemed commodities? Will this change the very essence of crypto currencies face value? Now I don't know what to do with it. The trend is up, the confidence is up, but we have seen this before with sudden spikes. Either it turns into a Bubble, comes down to retest a support or continues up. I need more data before we can make any decisions. It's ok to close half positions here, raise stop above breakeven and then let it continue to rally. What do you think?
Long
by Timonrosso
From Sunny Skies 🌞 to Cloudy Days ☁️: What's Next for XRP?Sunny trading conditions lie ahead for the global crypto market in the next 24 hours 🌞, thanks to a landmark court ruling in the US benefiting the entire crypto universe. A slightly bullish market with upside potential is thus likely. Over a one-week horizon, the sun will continue to shine ☀️ over the crypto universe, though XRP may face some clouds ☁️ and a potential downward trend as investors cash in their profits. Follow us for more crypto weather reports!
by ATTMO
1-Week Forecast: BTC, BNB, ADA ☀️ ETH, XRP ☁️? The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend. Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and Matic. On the other hand, Bitcoin, Binance, and Cardano enjoy sunnier trading conditions ☀️, suggesting a continued upside potential. Follow us for more crypto weather insights!
BITSTAMP:BTCUSD
by ATTMO