SOLUSDT|A very important resistance area and the fate of SolanaHi guys, this is my overview for SOLUSDT.Feel free to check it out and leave your comments in the comments section.
With the sharp and strong growth that Solana experienced, it has now reached an area that is of great importance in all major time frames, monthly, weekly and daily.
With the return from this area and even unsuccessful attempts to make a new high, we now see that both a lower high and a lower low have formed than the previous low.
This is a sign of weakness in the previous upward trend. In my opinion, this weakness in the trend can reduce the price of Solana to the price of 72.26 dollars and the next level is 41.83 dollars.
Tether
#USDTether Your Altcoins are Dumping? What to do?
Let's analyze:
Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.
The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart – it's like your crystal ball for market insights.
For the current trend to continue, we need a rejection at this level.
Breaking through won't be easy, but it's possible.
Stay alert for signs that support or challenge this analysis.
DYOR, NFA
#BitcoinETFs #Bitcoin
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#PEACE
GOLDEN STAR|At what prices should we be a MATIC buyer?In the 1h Matic timeframe, there is a critical demand area that covers a significant percentage and should be optimized in smaller timeframes. After several interactions with this area, we can observe that the upper limit has been breached, and it has taken the form of an upward trend, consisting of an upward movement, a correction, another upward movement, and currently a correction again.
I am in the price areas of 0.96, 0.95, and 0.9481 with the confirmation of the matic buyer in the one-hour time frame.
For selling transactions, I will wait until the price area of 1.06.
ETHEREUM|CAN start grow to next level $2500-In order to continue its upward trend, Ethereum needs to test its support levels again and fall to the prices of $2,230 and $2,145.
-But considering its upward trend, we expect it to continue its upward trend after reaching its support levels and achieve the $2400 and $2500 targets.
-Like and comment if you agree with our idea!
BITCOIN can continue its BULLISH trend-By reaching the resistance area of 43500-44000, Bitcoin may lose some of its momentum.
To collect more and more powerful liquidity to break this resistance area, it is possible to return to the support area of 42750.
-By reaching this support area, it gains more strength and momentum to continue its trend and goes up to the level of 46000.
#USDT Dominance is printing something scary!🚨Market Caution Alert! 🚨
While many anticipate a move to FWB:48K , it's crucial to stay vigilant as market conditions can shift rapidly.
I'm also waiting for this level, but let's be cautious and ready for sudden changes.
I've explained the significance of this weekly close for Bitcoin.
Recall your greatest losses? When you were unprepared for the unexpected. Let's avoid a repeat this time!
Running Trades on Leverage:-
1. Set your Stop Loss (SL) to manage risk.
JTO: SL at $2.36 (in red).
DYDX: SL around $2.776 (in green).
2. I'm not adopting a bearish stance, but the goal is to prioritise caution and secure profits. I've said it before I am spot-long till Q3 of 2025!
3. Avoid excessive use of leverage for safer trading.
Let's stay alert and make informed decisions. Markets can be unpredictable, and protecting our investments is paramount.
#Crypto #BTC
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ETH Leads the AltsTraders,
Sorry for the infrequent posts lately. I have been feeling under the weather. But TBH, it was good timing. As stated in my previous post, I expected alts to draw back 10-15% or more pending indications. So far, I think it's safe to say we've had our 10-15% pullback. Now, the question remains, will that steep ascending TL I talked about seeing on all of the altcoin charts hold. For ETH (as well as some other alts) it has not. And if Eth leads the alts, which it does, we can still expect more pullback. But how much?
There are a couple of things to look at here on this chart:
#1 Will our support at 2120 hold?
If that 50 day SMA comes up to help, it just might. However, to gain a broader context and therefore, a more accurate current scenario, it helps to visit some other charts to understand what's going on here.
First, let's take a look at Tether Dominance:
You will observe most importantly that Tether dom has broken an import TL on the RSI to the upside. This most likely means that traders are currently selling mostly BTC and also large cap alts but are NOT going back into mid to low-cap alts. They are staying in stable and will probably continue to do so for a short time.
Total2 is also giving us possible clues here:
You can see that though Total2 has not yet broken that steep ascending TL, it's now looking more probably that it will. Why? Well because it is more probably that we retest previous major resistance (that big red Level of support) than that we hold current support.
From a technical perspective, a retest of our previous resistance is highly probable and quite honestly, needed, for further continuation to the upside.
#2 That level on the RSI is starting to be broken. Now, it may hold by the time the candle closes today, but this is something we must watch closely. Remember what I said in the last video? These levels on my RSI charts are currently acting as lead indicators for the price levels on my charts. We saw that several major levels had been broken in my video, and that is why I was so certain we'd get this 10-15% pull back. Here again a good support level is current being tested and may break. So, it is possible that if it does our 2120 support would also then break. This would domino into alts for an even deeper retreat where we could start to look to buy long again.
So far, this has been a healthy little pullback. And I think we could see a little more before it's time to re-enter longs.
Stewdamus
AXSUSDTAXSUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 7.2 region.
Will the bulls take charge again continue for leg higher?
DYDXDYDX is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.5 followed by 4.5.
What you guys think of this idea?
BALUSDTBALUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 3.6 region.
Will the bulls take charge again continue for leg higher?
MAGICUSDTMAGICUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
Market Update - November 22, 2023
Bitcoin and crypto markets react to the Binance settlement: Bitcoin (BTC) prices and the wider crypto market saw a sudden drop on Tuesday morning after news broke that the DOJ was set to announce crypto enforcement action at a 3pm ET press conference. Following reports of the Binance settlement, BTC broke below the $37k level to as low as ~$35.8k later Tuesday evening. As of Wednesday morning, BTC is hovering in the mid FWB:36K range.
Binance will pay $4.3 billion and Changpeng Zhao steps down as CEO: On Tuesday, in a tectonic move for the world’s largest crypto exchange, Binance agreed to a $4.3 billion fine to resolve federal criminal charges in the US. Now-former CEO Changpeng Zhao “CZ”, also agreed to step down and pay a $50 million fine. Richard Teng is the new CEO of Binance. In a press conference, attended by top federal regulators including Treasury Secretary Janet Yellen and CFTC chairman Rostin Behnam, US Attorney General Merrick Garland outlined the charges against Binance and settlement terms. The charges included sanctions violations, running an unlicensed money transmitter business, and failing to maintain an adequate anti-money laundering (AML) program.
Coindesk sold to crypto exchange Bullish: Coindesk, a leading crypto news site that first reported on the FTX balance sheet shortfall, was purchased by crypto exchange Bullish for an undisclosed all-cash amount. Coindesk was previously owned by crypto company Digital Currency Group (DCG).
SEC sues Kraken for running unregistered securities exchange: On Monday, the Securities and Exchange Committee (SEC) sued crypto exchange Kraken, alleging that it operated as an unregistered securities exchange and created a “significant risk” by commingling customer crypto deposits with its own corporate assets.
Tether freezes $225 million in coordination with DOJ: Also on Monday, it was announced that Tether, the issuer of the largest stablecoin, USDT, had frozen $225 million of USDT following a DOJ investigation into an international human trafficking ring based out of Southeast Asia.
🖼️ Topic of the Week: Cryptoart, NFTs, and the Art Industry
➡️ Read more here
WHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUITWHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUIT
Britannia Financial Group, partnered with Tether, faces a legal battle over a $1 billion deposit made by Tether into one of its subsidiaries.
The lawsuit involves a dispute over a brokerage acquisition and payment disagreements, amidst allegations against Britannia’s founder for bribery.
This legal issue highlights the complex and opaque banking relationships in the cryptocurrency industry, with potential implications for Tether and the broader crypto market.
Britannia Financial Group, a name that’s been resonating in the financial corridors for its association with Tether, the largest stablecoin issuer, is now in the eye of a legal storm.
The group, which received over $1 billion from Tether, is embroiled in a complex legal battle, revealing the intricacies and risks involved in the banking relationships of all cryptocurrency entities.
#USDT Dominance :- This move will push BTC to $42k+Tether is retesting the support-turned-resistance trendline below the mid-support of the channel. This is good news.
A move to the lower side range of 5.65% will trigger a rally throughout the market.
this move seems highly likely to complete the pattern.
Invalidation will be a close above 6.75% in the Daily chart.
So far it looks ready for a FREE FALL.
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LINKUSDTLINKUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 13.70 followed by 12.50 region.
What you guys think of this idea?
#USDT dominance giving us a hit to our Bitcoin's Local TOP!#USDT Update: Tether has shattered every support, mirroring Bitcoin's breakthrough of resistance. The 5.26% area emerges as a potential next target, hinting at further upside for Bitcoin.
While Bitcoin's chart signals a local top near $40.2k, this breakthrough could spark a rally to $42.8k, a significant long-term support turned resistance level. So, our $40k+ target remains plausible as long as $35k holds.
Cheers! 🚀
CHRUSDTIs CHRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.1100 followed by 0.100
What you guys think of it?
MASKUSDTMASKUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.8 followed by 4.5
What you guys think of this idea?
#usdt dominance #usdtd is preparing a bounce assault?After losing the bullish triangle and #btc pump, #usdt dominance lose weight. But, now USDT.D formed a falling channel that would possibly break out upwards. If #usdtdom breaks up, this will be a blood bath for #cryptocurrencies. If, #tether dominance breaks down and dumps out of channel this will be a rally for market (the invalidation scenario). First one is more probable for now, we' ll see.
NOT FINANCIAL ADVICE. Don' t take positions due to my posts.
Tether's dominance will soon be bullishFirst of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT.
Tether's dominance has reached key support, but don't rush to sell your assets! But be careful.
Some altcoins have not yet touched their bullish target, each chart should be checked individually.
Probably, after a few weekly candles in this area, Tether's dominance will return to the top to complete the g wave.
As Tether's dominance returns to the upside, Bitcoin will probably reject towards the 31000-32000 range.
PEPEUSDTPEPEUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is being respected by inclining trendline and has also formed bullish flag pattern which is also being supported by inclining trendline.
These two to gather putting strong bullish confluence for the pair.
What you guys think of this idea
BTD.D & USDT.D -----> What's Happening?As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance.
Possible scenario for me:
Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me!
Then the return of dominance and the price of Bitcoin to the upward trend of the past .
and activating stop losses of positions in the opposite direction and possible shorts again!
What do you Guys Think about Btc.d and Usdt.d?
GASUSDTGASUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be $8.
What you guys think of this idea ?