Patternchart
ETH/USDIn a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May.
Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%.
The Resistance Level can continue holding if trend spot with immediate responds.
While on the spot sell, making a rightful decision with corresponding SL Matters.
BTC/USDBitcoin lost more than $7,000 in a few days and dipped below $60,000.
Ethereum also went down hard after failing to chart a new ATH.
Following the past several days of surging higher and higher,
BTC corrected hard in the past 24 hours and even dipped below $60,000 briefly.
Most altcoins followed suit, and the entire market cap lost more than $150 billion since its peak earlier this week.
These has populated the market with down trend in short interval.
Let see what the next SL will spot out.
BTC/USDBitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic “short squeeze”
Liquidated over $270 million of crypto positions in under an hour.
What do you think for the next Pull out?
ETHUSDTEthereum began a new decrease under $3,000 and $2,975 support level 1.
The price is now trading below $3,100 and the 100 hourly EMA.
There is a key bearish pattern line forming with obstruction near $3,246 on the hourly chart of ETH/USD
The pair could a steady recovery wave if there is a close above $3,000 in the near term
BTC/USDBTC/USD
Despite how skeptical the value is manipulating, it's still setting out open doors in support zone.
Demand in Bitcoin is sufficiently high, so it is very conceivable to see recuperation from here. In other to manifest in next re-test.
Naturally the narrow gains was specialize for quick TP.
Here we can assure that the Bitcoin accumulation will set for upper level.
Best Wishes🙌
BTC/USDBTC/USDT
-As long we are Holding on to this current level of BTCUSDT the consolidation are still holding strong
-At the recent price correction of 60k in April) BTCUSDT has continue to trade extremely high.
-Despite the short down retest the market has been able to accumulate consistently with maximum support.
-If these continue with 2% increment 2 hr chart we can see Bull for an up trend movement.
Support levels : 47k - 49k
Resistance : 51k - 54k - 60k
XRP/USD
Still on a strong potential for day trades.