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Bullish Resurgence on the Horizon: Bitcoin's Symphony of SignalsTechnical Analysis for Bitcoin: Anticipating a Resurgence Amidst Market Flux Introduction: In the volatile landscape of Bitcoin, a recent significant pullback to the $42,000 lows has paved the way for a renewed bullish impulse targeting $52,000. Despite prevailing bearish sentiments, our technical analysis points to several indicators suggesting a potential reversal and bullish momentum. Technical Indicators: RSI Probability Indicator: The RSI (Relative Strength Index) probability indicator has demonstrated a bottoming pattern and is entering the bullish zone. This suggests a shift in momentum towards the bulls. Probability Bands Convergence: Probability bands are converging, indicating a potential alignment of market forces. This convergence is often a precursor to a significant market move, and in this case, it supports the anticipation of a bullish impulse. MACD Regular Divergence: In smaller timeframes, the MACD (Moving Average Convergence Divergence) is exhibiting a regular divergence, further signaling a potential shift in momentum towards the upside. Volume Analysis: Despite the current low volume, the observed bullish pattern is a positive indicator. The expectation is that as the bullish momentum gains strength, trading volume will likely follow suit, supporting the upward trajectory. Whale Transfers - Bullish Signals: Recent large Bitcoin transfers, including 3,110 BTC and 6,999 BTC to Coinbase wallets, signify a strategic move by major players. This suggests that bullish entities are selling their holdings, possibly in anticipation of a major dip, with plans to re-enter the market at lower price levels. Market Sentiment vs. Technical Analysis: While the majority of market sentiment has shifted bearish, our technical analysis supports the hypothesis that a solid bottom may have already been established. Confirmation around the $42,710 mark is crucial, as it aligns with our analysis and adds credibility to the anticipated bullish move. Negative News Impact: Negative news surrounding the BRC-20 Ordinals token potentially replacing Bitcoin has caused concern and contributed to the recent decline. However, the consensus is shifting towards optimism, especially with the looming prospect of an upcoming ETF, which could act as a significant catalyst for Bitcoin's resurgence. Conclusion: In conclusion, the technical analysis for Bitcoin presents a compelling case for an imminent bullish impulse. The convergence of multiple indicators, coupled with strategic whale transfers and shifting consensus towards an upcoming ETF, all contribute to a positive outlook. Traders are advised to remain vigilant for confirmation around the $42,710 mark, as it serves as a key validation point for the anticipated bullish momentum.
COINBASE:BTCUSDLong
by wikitrades
1
OKB (OKB) OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giant Binance, but there are a few key differences. The OKEx platform has its own cloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally After Ht , OKB is another exchanges token were green for three weeks and trying to breaks its down trend but as you can see it moves in couple of arcs, the first big resistance for okb is 23 tp 17.9 , 18.3 , 18.9 , 20 , 21 sl 14.5 , 14 which exchange token got the biggest gain potential in a long term and why?
by moonypto
4
Loom Network | LOOMThe price of Loom Network is $0.10 today with a 24hour trading volume of 2 million dollar. This represents a 55% price increase in the last 24 hours and a 145% price increase in the past 7 days. With a circulating supply of 830 Million LOOM, Loom Network is valued at a market cap of 90 million dollar. Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017. The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with. In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language. As such, they can easily integrate their applications with the outside world.The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network. bulls broke 0.069$ wall and here we are www.tradingview.com
LLong
by moonypto
3
THE ETHEREUM BARRIER: WHAT’S REALLY KEEPING IT BELOW $2K?Ethereum struggles to surpass the $2,000 threshold despite numerous attempts. This resistance mirrors the $425 barrier Ethereum faced in 2018-2019. A strengthening U.S. dollar has dampened Ethereum’s appeal. Ethereum‘s ascent to the revered $2,000 mark has been a watchword for many in the financial sector. Yet, every time it seems on the verge of breaking past this psychological threshold, it’s repelled back with unnerving consistency. If you’re pondering the forces at play that prevent Ethereum from making that crucial leap, you’re not alone. Let’s delve into the core reasons tethering this cryptocurrency giant below its full potential. A Reflection of the Past: Bearish Cycle Patterns It’s eerily reminiscent, of how Ethereum grapples with the $2,000 barricade today. Cast your mind back to the 2018-2019 period when the crypto’s upward trajectory halted near the $425 mark. Like a recurring nightmare, Ethereum finds itself in a seemingly parallel situation. Eying a bullish surge past its 0.236 Fibonacci retracement, Ethereum, in both instances, was met with strong resistance – previously at $425 and now, unsurprisingly, around the $2,000 range. A barrier solidified further by traders’ anticipation and reactions. Few can underestimate the influence of the world’s reserve currency, the U.S. dollar, on global assets. Ethereum is no exception. With a strengthening U.S. dollar, the appetite for Ethereum has undeniably waned. The evident negative correlation between major cryptocurrencies and the dollar has long been established. In 2023, this correlation with the dollar index, specifically for Ethereum, has been palpably negative. Yet, the dollar isn’t the sole heavyweight influencing Ethereum’s price trajectory. Bitcoin, often seen as the crypto market’s guiding star, has overshadowed Ethereum throughout 2023. With the widespread chatter and excitement surrounding potential spot Bitcoin ETFs, Ethereum has paled in comparison. To paint a picture, the ETH/BTC pair, a commonly referenced metric, has dwindled by 20% this year. Moreover, if we’re delving into numbers, Ethereum-focused investment funds have seen a net loss of $114 million in capital in 2023. In stark contrast, Bitcoin-centric funds experienced an influx of $168 million during the same timeframe.
CRYPTO:ETHUSDLong
by henryartem
Tenet Protocol | TENET The price of TENET is $0.25 today with a 24hour trading volume of 10 million dollar. This represents a 14% price increase in the last 24 hours. TENET is a Layer1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields.Tenet partners with Ankr and recently listed on Kucoin, mexc, gate and bybit TENET’s wallet, Eva, designed to onboard retail investors to TENET DeFi. It will allow users to stake assets, re-stake to TENET, optimize LSDs within our ecosystem, and provide the industry’s first Mobile Wallet AI chat, to help users find DeFi information and interact with pre approved onchain actions. we managed to invest at 0.17 and taking good profit now
by moonypto
2
Ethereum -> Is This Still Bullish?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪 If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle. With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here. Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
25
$GRIMACE: yet to be historical s##tHello, dear community! $GRIMACE is $80 now. I think I nailed my previous forecasts here . Now its time to set new targets. I'll be brief and to the point today because everything from the last idea is relevant, only new targets are have to be determined. Today there was a slight correction accurate to .618 Fibo level. Now the price starts to consolidate between $75-85. If we set Fibo extension, we`ll get targets at $ 114/143/190. About x2.5 short-term potential. Long-term? The same as in previous idea, $1000 per 1 Grimace. Good luck 👾
GLong
by exanto69
8
Unveiling the Potential of WAVES/USDT in the Crypto Ocean💎 Calling all Paradisers! 💎 Let's take a deep dive into the current scenario of WAVES/USDT and reveal some key insights: 💎 Brace yourselves as WAVES is showcasing immense potential at these levels. 💎 WAVES/USDT has successfully formed a double bottom, indicating a bullish trend. 💎 At present, WAVES is making an attempt to breach its 8-Month long resistance, 💎 It's noteworthy that WAVES/USDT has flawlessly surpassed its 50-Day-SMA and is now aiming to break its 200-Day-SMA in a single stride. 💎 A retest at the 2 level would present an ideal opportunity to go long. 💎 The forthcoming significant levels to watch out for are 2.6-3.2-4, and it could potentially extend further towards the 5 area. 💎 Stay in the lead and ride the waves of success in the crypto world!
WLong
by MyCryptoParadise_Simon
1
Access Protocol / ACS The price of Access Protocol is $0.014 today with a 24hour trading volume of 100 million dollars. This represents a 180% price increase in the last 24 hours Access Protocol offers a new way for digital media publications and content creators to monetize their work. Instead of traditional subscription payments, users stake the ACS token to receive access to premium digital content. Access will conduct a community airdrop to protocol users together with Bybit ex in March too next targets are 0.017, 0.019 and 0.021$
Long
by moonypto
2