BTC Build Up!BYBIT:BTCUSDT.P
BTC is at support of the larger yellow falling wedge. In the smaller white channel, BTC has a build up. Look for break and retest for upside to 18,200 - 19,300.
Possible entries via lower time frame (1h Pennant). Remember it's the weekend, so volume is usually low.
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Falling Wedge
BYBIT CEO believes Bitcoin will fall below $10,000 USD!
I agree with Ben Zhou on his opinion about 4-digit Bitcoin!
He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players).
The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their stop-loss orders.
"Everything in crypto happens very fast; I believe a 6-month or so of this downtrend before an uptrend again," he said in his next statement.
What do you think about it? Do you agree with Ben or not? Let me know in the comment section right now!
You can watch a full interview with Ben Zhou on the Moon YouTube channel if you are interested in his thoughts.
From my perspective, there are no signs of a trend reversal. As you can see on the chart, Bitcoin is pretty much drowning.
I believe the bottom of Bitcoin will be between 6500 and 10300 USD!
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Bybit is currently the #2 exchange on CoinMarketCap in the section "Derivatives."
XRP - When moon? I'll tell you when...
I will tell you, when the moon is for XRP, but first, let's take a look at the technical analysis.
On the chart, you can see two major downtrending trendlines, and the price is below them. The bears are in full control, and I cannot be bullish at this point.
The previous uptrend from June 13 to September 19 was a 3-wave structure (ABC). This suggests a corrective counter-move in the main direction of the trend. The trend is indeed bearish.
I want to see an impulsive structure before even considering becoming a bull on XRP. What's more, the price is printing a head and shoulders pattern, and the price is currently forming the left shoulder.
Basically, it's a shorting opportunity if you want to catch the local top. Or wait for a breakout below the neckline for a confirmation. Your profit target is at the bottom of the parallel channel on the LOG scale.
XRP can drop by another 50% or 80% to 0.1 USDT next year. It's very likely, in my opinion.
If we take a look at the MACD indicator, we can see that the bulls are losing steam on the histogram, and the bearish crossover can occur very soon!
So when moon for XRP? There is no indication from whales that they are buying XRP at this moment. It looks like they want to buy cheaper XRP at 0.1 USD. I think XRP can moon next year in 2023, it's possible, why not.
Happy trading!
Nov2022 - BTC (3D) - Next Peak $200-250k by 2025 + Risk FactorsDear anons,
Provided another longterm projections based on past BTC peaks, dated back to 2017 & 2021, respectively.
💡Summary:
NEXT PEAK
> time target: mid/Dec 2024
> price target: $200k, 220k, 250k
**factors affecting targets marked on-chart
..
💬 Extra Note:
with various forms of hidden/blatant power wrestles ongoing btw China & US
dat includes COVID plandemic aka engineered supply shock & globe-wide inflation
Fed rate hikes aka exporting inflation everywhere else by weaponizing Dollar
Ukraine war aka engineered gas & food inflation
China zero-covid lockdowns aka weaponizing supply chain
who knows wats next... Taiwan? CBDC's? Plandemic 2.0?
based on above ongoing or potential macro developments, we're likely to overshoot on next peak target, with high certainty.
think: $250k in REAL terms w depreciating dollar... ;p
See you in 2025! cheers~ 🥂🔥
Hold the Line Above $74.749 and we will see $103.885I'm already positioned at much lower prices but today i see a potential entry to a day trade setup on LTC so in a different account i will be Longing Here and Targeting $103 as we are in a wedge, cracking into a weekly S/R zone, and the next resiatnce above would be $84.2 then straight to $103
SMRA Falling WedgeSMRA . D1. Falling wedge pattern.
SL 540. Manage your expectation, because the SL is 11%.
SMRA had broke the resistance. Then the resistance has become support. So it potential to go to unfilled order area (level 670-700).
My personally set the entry at 590, 610, 615 (layering). And if it closed under the support (610) I will exit, even though in theory the SL is at 540.
Mind your money management. IDX:SMRA
DUSK/USDT LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this DUSK/USDT trade update.
DUSK looks bullish here. Breaks out from the falling wedge-like structure in 4hr time frame and currently looks like it is going for a retest. Long some here and add more at the retest level.
Entry zone:- $0.087-$0.089
TP1:- $0.092
TP2:- $).096
TP3:- $0.100
TP4:- $0.105
SL:- $0.0845
Leverage:- 10x
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Thank You!
LINKUSDT Falling WedgeOn the 4 hourly chart there is a huge falling wedge on Link but also had a contraction and expansion.
A breakout could be due soon, but the overall sentiment right now in crypto isn't the best and it had a violent pump right above the 6.1 USDT value line (LINK).
and is struggling on resistance right now, personally, I'm keeping Link in mind as a swing trade.
I think that LINK can test the support zone of 5.67 - 5.926 one more time and get a tighter range before breaking out