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DESCENDING TRIANGLE $PEPEUSDT -50% dropHello crypto fam! I hope everyone is having not only a wonderful but also profitable day trading. Make sure to smash that LIKE and FOLLOW! Is FWB:PEPE in a Descending Triangle? Yes i believe FWB:PEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump FWB:PEPE -50%. What is a descending triangle? In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice. How accurate is trading a descending triangle pattern? Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. Conclusion Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense for FWB:PEPE to see a massive sell off along with CRYPTOCAP:ETH and $BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING $PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The FWB:PEPE breakdown will likely be ignited by CRYPTOCAP:ETH and CRYPTOCAP:BTC sell offs. A way to measure this would be once eth breaks $1,600 its likely that FWB:PEPE will follow suit and dump alongside CRYPTOCAP:BTC and other major altcoins. Thanks, LiquidMEX
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by SolStackz
🔥 Bitcoin's Final Sell-Off Before The REAL Bull-Market Started!If you enjoy this analysis, please like and follow. Intro: History has taught us that while events may not play out in the exact same fashion every time, they do tend to follow similar patterns. With Bitcoin, these patterns are particularly evident. This repeated pattern hints that big changes might be coming in the market. Bitcoin's Five Phases: Looking at the chart, it can be divided into five different phases. Each phase represents a specific trend or behavior that the market follows. See the chart. The Final Sell-Off: According to the phases mapped out, it seems we are now possibly at the start of the final sell-off phase, denoted in purple on the chart. This phase suggests a short-lived bearish trend before Bitcoin embarks on its next bull run, which, in my view, will start somewhere in 2024. Predictions: While forecasts should be taken with a pinch of salt, I believe that the bear market low was $15,500. Although this low has already been seen, the market could see a retest of the $20,000 area, especially with September being historically unfavorable for both stocks and cryptocurrencies. Opportunity with Altcoins: For those still waiting to load up on their favorite altcoin, the final sell-off phase tends to be an great moment to consider altcoins. Why? During this phase, altcoins typically diminish in value compared to Bitcoin. This makes them relatively cheaper and could offer increased upside potential when the real crypto bull market will eventually start. This is in line with my most recent Bitcoin Dominance analysis below. Are you bearish or bullish? Share your thoughts in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
38
USDC & SVBIn the past 24 hours, the trading volume of the Bybit USDC/USDT perpetual contract pair exceeded an astonishing $380 million, and the annualized funding rate was as high as 740% After Friday's stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto's top firms, Circle, the issuer of the second-largest stablecoin, USDC. In its March attestation, Circle had revealed that part of its $9.88 billion in cash reserves was held at SVB, although it did not disclose the total amount. Following the collapse of SVB, withdrawals from USDC mounted, with the crypto intelligence platform Nansen showing over $1 billion in redemptions from the stablecoin since SVB's shutdown. USDC has a market cap just north of $40 billion. As USDC lost its $1 peg across different crypto exchanges amid withdrawals, Circle sought to instill confidence, with the company tweeting at 6:50 pm ET that it would continue to operate normally, sharing that SVB was one of the six banking partners it uses for the 25% of its reserves that it keeps in cash, although still not disclosing the amount held at SVB. As investors continued to move out of USDC, Binance announced it would be temporarily suspending its auto-conversion policy of USDC to its BUSD stablecoin, citing "market conditions" and describing the action as a "normal risk-management procedural step." At 10:11 PM ET, Circle offered more clarity, tweeting that $3.3 billion—or around 8%—of its reserves remained at SVB, revealing that wires initiated on Thursday to remove balances from the bank had not been processed. Dante Disparte, Circle's chief strategy officer, tweeted soon after that Circle was protecting USDC "from a black swan failure in the banking system." Meanwhile, USDC's peg continued to weaken, with the token trading at $0.92 against tether on Kraken as of 10:40 pm ET. Coinbase announced it would be temporarily pausing conversions from USDC to USD over the weekend while banks are closed, adding that during periods of heightened activity, conversions rely on USD transfers from banks that clear during normal banking hours. Coinbase worked with Circle to create USDC, launching the token in 2018. After the FDIC placed SVB into receivership on Friday, the weekend will prove an uncertain time as the financial world waits to see if the U.S. government is able to find a buyer for the failed bank or will otherwise backstop losses, with insured deposits only backed up to $250,000. Former Treasury Secretary Lawrence Summers called for depositors to be paid back in full. While the crypto industry seems to be safe from SVB contagion for now, with much of the sector moving to Signature Bank and other partners in the wake of Wednesday's voluntary liquidation of Silvergate, Circle could prove the exception. The firm is a fundamental cog in the crypto ecosystem, with USDC serving as a crucial on-ramp into crypto for investors globally. Some onlookers expressed confidence that Circle would be able to weather the storm. The investor Adam Cochran tweeted that Circle could cover a possible $3.3 billion gap from the interest it collects from reserves, a sale share, or other venture debt. "This is a non-issue in my mind," he wrote. The hedge fund North Rock Digital CEO Hal Press said that they has continued to buy more USDC at $0.88, having previously bought at $0.935; he believes that USDC will end up fully repegging, a worst case 70% of the cash via asset sales USDC would still be worth 93c.
CRYPTOCAP:USDC
by moonypto
🔥 Bitcoin Lost The Uptrend: Crash Alarm! 🚨If you enjoy this analysis, please like and follow. Recently I've made several analyses on Bitcoin. In general, I was more bearish than bullish based on historical pre-halving year statistics. Furthermore, I made several analyses on Bitcoin's historically low volatility where I argued that a big move was coming to the markets very soon. WIth the stock markets falling and BTC trading on edge, are we going to see a big dump soon? Maybe. I'd like to see a move below 28k first to increase the probability of this break out being real and not just a wick below support where bulls will step in and V-shape reverse to 30k. Still, a move towards 20k is in the cards. Since the 15.5k lows I argued that the bear market lows are in, and I still hold this opinion. The trade on the chart has a very decent risk-reward ratio, even for a big asset like BTC. Time will tell. Please share your thoughts in the comments🙏
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by FieryTrading
37
🔥 Bitcoin Volatility Lows: Massive Move GUARANTEED 🚨If you enjoy this analysis, please give it a like and a follow. I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart. On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart, orange, you find BTC's price on the log scale. Once BTC volatility reaches the yellow area, it indicates that volatility is extremely low. Historically, this has ALWAYS correctly predicted that a huge move was coming. Furthermore, 3 of the 4 previous moves were bullish. Keep in mind we can continue to trade sideways for some time. But, I can guarantee you that a big >20% move is coming in the next few weeks. The million dollar question will be whether we're going to pump or to dump. I've made multiple analyses on either potential direction recently, but my bias is to the bearish side. Happy to be proven wrong! Do you think we're going to see a big move soon? Which direction are you trading? Share your thoughts in the comments below 🙏
BITMEX:BVOL7D
by FieryTrading
22
Wow BTC really dump, pump, dumpthat is a rising wedge on a daily TF we see instance of price surging thereby creating a liquidity void which of course will be filled at some point; only a matter of when. Also there is a Balance Price range ay 21400 - 22k, so note that price might revisit there. I see BTC filling up the currently liquidity created and then launching all the way to 38k before we have the dump during halving then we can have a real bullrun to wherever the next target will be after 65k. I will update you as it goes; But take note of this.
BINANCE:BTCUSDLong
by DN_Trades
Bitcoin's Second Bottom Before Halving: A Potential Trap When Bitcoin undergoes a significant price decline and subsequently forms another bottom before the halving, some traders might interpret this as an attractive entry point to buy Bitcoin at a seemingly discounted price. The expectation is that the halving will trigger a supply shortage and, in turn, drive up the price. However, financial markets are inherently uncertain and influenced by various factors, both within and outside the cryptocurrency space. While historical patterns and past halvings may provide insights, they do not guarantee future outcomes. The second bottom could be a "bear trap," luring traders into buying, only for the price to continue declining or remaining stagnant, resulting in losses for those who entered the market with high expectations. It is essential for traders and investors to exercise caution and avoid making decisions solely based on historical patterns or event speculation. Conducting thorough research, staying informed about market developments, and employing proper risk management strategies are crucial when participating in the volatile and unpredictable world of cryptocurrencies like Bitcoin. Additionally, seeking advice from financial experts can help in making informed investment choices.
INDEX:BTCUSD
by UnknownUnicorn3237473
3
🔥 Stablecoins Predicting Bitcoin DUMP🚨 100% Accurate Signal!If you enjoy this analysis, please give it a like and a follow. In this analysis We're going to take a look at the stablecoin marketcap, USDT and USDC to be precise. As seen on the chart, the stablecoin marketcap is trading in a well-defined bullish channel. Consequently, every single time that this metric has touched the bottom support, Bitcoin dumped. I'm aware that there's only a couple years of history, but a 3/3 hit-rate is still impressive and deserves your attention. To further strengthen the bearish narrative, BTC's volatility is currently at historical lows and the stock markets are seeing terrible results after the US downgrade from AAA to AA+. Do you think a dump is imminent? Or are we going back up? Share your thoughts below🙏
CRYPTOCAP:USDTShort
by FieryTrading
47
Doji, Hammer, Pinbar and 7 Divergences ; Right after anotherSeems like there is a short-term dump incoming; Weekly timeframe RSI divergence made exactly under the '"May 2022"' resistance and the 0.5% Fib level , And there is 3 confirmative candles. Pinbar candle had made last week , a Hammer and a Doji candle had made 2 and 3 weeks ago. If we make a daily candle closed under 30K , 28K would be the next major support for BTC ,Even 25K after that . (my opinion) Also all of the 3day ,daily ,12H ,8h ,6H ,even 4H had made RSI divergence. I'm Bearish on BTC
BITSTAMP:BTCUSDShort
by MrPro7
🔥 Bitcoin Weekly MACD Signaling DUMP: Bears Want This!The weekly MACD is about to cross, where the fast blue line crosses the slow orange line from above. The last 3 times this has happened, a large correction happened and a bearish longer term trend has been established. At the moment, the MACD is about to cross. While we're not there yet, a drop of a few percent will most likely cause the lines to cross. Also, remember to wait for the candle close. If the cross will happen this week, we should be prepared for a longer term trend reversal, potentially even targeting 20k or below. On the other hand, it will be a very bullish indication if the correction remains small. Do you think we're going to dump? Is the 2023 top in? Share your thoughts below 🙏
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by FieryTrading
24
🔥 Ethereum: Patiently Waiting For A DumpCrypto has been trading rather bearish over the last couple of weeks. Ethereum is currently not looking favorable for bullish investors in the short-term, but that might change in the future. If we continue to fall, I'm eagerly waiting for ETH to reach the dotted support line on the chart. This support line holding is the best near-term case for the bulls. A fall through said support means that the long-term trading direction has shifted to bearish. But, as long as we're above this support we are in a long-term uptrend. Keep in mind that we don't necessarily have to go down to the diagonal support and that we can also pump from the current price. But IF we go down, THEN the support will likely cause some kind of bounce.
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by FieryTrading
7
BTC WEEKEND PLAN! A QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. Currently, BTC is trading around the $26.8k level. It is forming a descending channel in 1hr time frame. If we look at the higher time frame then it breaks below the important support of $26.8k which is a bearish sign for me. Now, the next important support area is around $24k- FWB:25K Now, if we look at the lower time frame then there is a possibility that we see a quick bounce on Sunday to trap more retailers and dump again next week. Observe the chart carefully to know more. Invalidation:- If we got a weekly close above $27.2k If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
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by CoreCrypto1
2