Biggest Bear Market Support Incoming!Bitcoin is officially in a bear market and is approaching one of the most important support levels since the Covid crash. If this support fails, Bitcoin can certainly collapse to the mid to low 20s. Historically all time highs to all time low percent corrections would make BTC eventually end up in the mid to low teens. Even though unlikely we cant say it's impossible. Lets see how the next few days pay out. Personally I can see a solid pump soon with all the down pressure but then we correct again and range to eventually falling below further.
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Rnaofs
Point Of Control Acting As SupportDo you think we continue up or break below the POC?
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Below Support & Rejected Multiple Times.Extra bullish pump with the purchase that happened but with interest rates still affecting the market, I can see this falling down to retest the previous levels before the pump.
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50% Pump Or Dump?!?When looking at Shiba, we can see that is it currently trading above a key support zone. If we manage to stay above this zone we can expect a nice 50% gain to the next resistance zone in the next few weeks. If it fails I also mapped the next support zone, which is also around a 50% drop. Where do you think it's heading and why?
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ApeCoin Next Support Mapped!ApeCoin has been selling off since its most recent pump. It has broken all supports and is now looking to move towards its final support zone which is shown on the chart above. After reaching that support zone I've mapped out how I think it will react over the next few weeks. This is purely a guess but with the community it has, this is very possible.
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ZEC Most Important Resistance!When looking at ZEC on the daily TF we can see that is currently trading right below one of the strongest support resistance zones that have been established for this project. Privacy coins are becoming more favorable these days with a lot of centralization happening in the crypto space with companies we thought were for the people and decentralization. This key resistance level needs to be broken through decisively. ZEC also needs to show strength by trading in the new range shown above its current resistance. If that second line is broken through and ZEC can trade strongly above those levels another run to the previous highs is looking more possible. It's a strong OG project that's not going anywhere anytime soon.
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Bull Market Highs To Bear Market Lows Similarities This will be a quick simple analysis. When we go back and look at the previous bull runs highs and the bear market lows that follow, there seems to be a similarity in the percent that the market tends to correct. When looking at the chart you can see there's about an average 84% sell-off from new all-time highs. If this is the end of the bull market and we are in a slow sell-off to bear market lows, based on the history of bitcoin an 84% drop would bring bitcoin to the 12k zone. Times are different now for sure in the crypto market but this is just a quick analysis to think about. Do you think it'll happen? Your guess is as good as mine.
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ETH New Trading Range!When taking a look at the chart we can see that ETH has broken through a resistance, retested support, and is now trading above the s/r zone. This leads me to believe that the next push to 3.2k is very likely to happen as long as BTC remains bullish. We need ETH to stay above the red line to show that the bulls are still in control. If we do break below the white line represents the next support.
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ETH Bullish Trading Range!We can see prices trading in a tight range after moving higher. This bull flag pattern is a good sign when it comes to prices moving higher. Let's watch and see how it plays out in the upcoming days!
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Breakout Imminent?! Bitcoin is trading at a tight range right below the current resistance levels. This is a bullish sign because it shows that the buyers are willing to step in closer to resistance. With that being said, I can see a breakout soon to the upside but in case it goes the opposite direction you can see the next support shown on the chart.
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SUPER Bullish Channel!The last time ETH was at the bottom of the channel, it slowly made its way back to test the top of the channel. This is looking like a great area to long with a stop-loss. If all goes well, you can generate great returns.
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NVDV Important Levels To WatchLet's see how NVDA reacts to the support and resistance zones shown. It's currently struggling to move above the current resistance zone but if that breaks we can expect a move to the next resistance shown above in turquoise.
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Sell-Off Continues Target Mapped!The trendline was broken through decisively. Now the selling pressure continues and I've mapped on the chart the next support zone shown in the turquoise horizontal line. that will be a nice area to add to your position and anticipate a bounce. If that area fails, we can expect AVAX to drop to around $35 and worst case $15.
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2 Years UP 2 Years Down!?Do you believe we are now in a bear market? If so, Where are we heading to? This chart looks very dangerous to me and I hope everyone's developing a strategy to secure their bags in case we see a move to the lower 20ks or even the 10k-15k range. Anything is possible in this volatile market. I'm curious to hear the communities thoughts.
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BTC Needs To Hold This Support!When looking at the chart above, you can see that BTC has managed to climb above support but in the past few days, it has sold off to the current support zone shown by the yellow line. It needs to stay above this line to remain bullish. If it does move below the line, the next area we need to watch is 32.9k. This area was the previous weekly low set a few weeks back and if we can remain above that zone, it is still bullish in my opinion. Let's watch closely.
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Bitcoin + FED Meeting!When looking at bitcoin on the 2hr TF we can see that it has had a very bullish week. With the Super Bowl happening this weekend and a lot of people calling it the Crypto Bowl, many expect this to have a positive effect on bitcoin throughout the weekend. Now we hear that the FEDs have announced an emergency meeting for Monday 2/14/2020 which is right after the Crypto Bowl. The market seems to already be reacting to this news and I'm not surprised because the last time this happened, interest rates were raised right away. When these rates rise a bearish effect on the stock and crypto market usually follows. We're not sure where the selling pressure will end but I do believe if we can say above the 30ks it's a good sign. I've mapped a few support and resistance zones to keep an eye on. Set your stop-losses and always remember to take profit.
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BTC Final Rejection Before Moon Mission!?Bitcoin has been struggling to pass the white diagonal trendline shown since November 2021. With BTC getting rejected multiple times, it's been moving lower and lower and now it's at what's arguably the most important support zone. With that being said, this zone is the perfect area for the bulls to come in and push the price through the trendline shown. Once this breaks, as I've mentioned before, We can expect a massive run-up. It might fall back down to retest the trendline before the run truly begins. Let's keep an eye on the white trendline over the next few days.
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Current Trend Mapped!BTC has formed a new trend after a quick selloff yesterday. This trendline is key when watching the strength of BTC. If this trendline is broken we can expect it to drop down to the lower 30ks and attempt to form a higher low before moving higher. If we manage to stay above the trendline and push through the other trendlines shown above, then that's a good bullish sign and we can expect to move to around 40k which is the next major resistance.
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Not Much Time Left For BTC To Make A Decision! When looking at BTC on the 4hr TF we can see that it is approaching the end of the triangle shown. Every line shown is a major S/R zone. Let us watch and see which line will get broken first. If the diagonal line is broken, that will be a bullish sign and if the yellow line below is broken that will be a bearish sign. Whichever break, let's wait for a retest and a continuation in the same direction or the break, to confirm a bullish or bearish move.
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Resistance Perfectly Charted!When looking at ADA/USDT on the daily TF, we can clearly see the resistance that we need to flip into support before this project is bullish again. Based on this rejection, a retest of the $1 zone can be expected. Let's watch closely to see if it will attempt a higher low and push through the resistance shown!
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Saitama Next Support & Resistance Mapped!Saitama had a nice pump after Certik audit was complete for SaitaMask. It had a big sell-off since but has found support right above the red line shown on my chart. Keep an eye on these Red Lines which indicates the support and resistance areas. At this moment, since it's at support, it's looking more favorable to long this project with a tight stop. If we can flip the resistance shown above to support then the next target is shown by the next red line above. If the bearish pressure continues, we can drop to the next red line below. Let's see how this plays out.
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BTC 2-3 Days Until Big Move!?BTC has been trading sideways for almost 2 weeks. As shown on the chart, it's approaching the end of the triangle shown. With that being said, based on previous price movements, it will either have a bullish push to break through the top diagonal line or it will retest the previous lows which might cause the bears to gain more strength resulting in a push down to the 30k range. Let's see how it plays out.
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