MBM_Crypto

MBM_Crypto

Here's a quick look at the 8 hr . SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner! BTC is close to a more significant resistance zone (29k zone), and one should be careful when trading! ------------------------------------------- The idea is: Buy when the price breaks above 0.0000112$...

MBM_Crypto

Here's a quick look at the total Crypto m—cap excluding BTC. It is evident that the total market cap of Altcoins is currently encountering challenges in surpassing the $620 billion threshold. In the event that the market breaches this level, a significant uptick in Altcoin activity is expected to occur. However, the performance of Altcoins is intrinsically linked...

MBM_Crypto

Here's a quick look at the daily BTC chart. The current market conditions suggest the price may close the CME gap between 27.4k and 29k! However, it's important to remember that CME gaps tend to get filled eventually, and the price may return to its previous level. Additionally, traders should consider the fair value gap between 22k and 23.7. These gaps tend to...

MBM_Crypto

Here's a quick look at the 8 hr. SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner! BTC is close to a more significant resistance zone (28k zone), and one should be careful when trading! ------------------------------------------- The idea is: Buy when the price breaks above 0.0000115$...

MBM_Crypto Updated 

Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market. With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously! If the price stays within the...

MBM_Crypto Updated 

Here's a quick look at the two-day Magic chart. As we can see, the price has been oscillating within the bigger rising channel since June 2022, and if the price breaks below the channel, we should expect a move down to the red support zone. For now, the price has to hold above the green support zone to avoid further downside. If the does break below the green...

MBM_Crypto

It looks like the Tuesday curse isn't over. Let's see if the index moves lower from here. If DXY keeps the upward momentum, the S&P will likely move down. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls,...

MBM_Crypto Updated 

Here's a quick look at the 8 hr BTC chart. As we can see, the price has recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern with a high probability of breaking lower! The market will take a hit if inflation is 6.4% or higher. Therefore keep an eye on the CPI data release! If you're in a Long trade, a break below...

MBM_Crypto

Here's a quick look at the 2-day ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle, and a breakout would cause a big move either way, depending on the breakout direction! If the price doesn't hold the current purple support, a move to the bottom of the triangle will be next at around 1300$. If DXY rallies, then much...

MBM_Crypto

Here's a quick look at the 8 hr . BTC chart. As we can see, the price broke below the rising channel and is currently on a mission to close the fair value gap at 18.2k! It has already closed the gap at 20k. These gaps tend to get filled at some point! Also, the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down! I...

MBM_Crypto Updated 

Here's a quick look at the 8 hr. BTC chart. As we can see, the price broke below the rising channel and is currently testing the bottom of the support zone! If DXY keeps rallying, the support is not going to hold! There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some point! Also, the DXY is expected to rally from its...

MBM_Crypto

Here's a quick look at the 8 hr . BTC chart. As we can see, the price has been bouncing within a bigger broadening wedge and is currently retesting the bottom trendline. We should expect much lower prices if the price breaks below the trendline and support zone. There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some...

MBM_Crypto

The idea is: Buy when the price breaks above 1.535$ and take profits at the levels shown in the chart. Targets: 1. 1.56$ 2. 1.62$ 3. 1.68$ ------------------------------------------- What's a Fair Value Gap (FVG) ?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It...

MBM_Crypto Updated 

Here's a quick look at FET 2 hr. chart. As we can see, the price has been oscillating within the bigger triangle and bigger move either way is expected! ------------------------------------------- The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart. Targets: 1. 0.45$ 2. 0.48$ 3. 0.5$ 4. 0.55$ 5....

MBM_Crypto

The idea is: Buy when the price breaks above 0.461$ and take profits at the levels shown in the chart. Targets: 1. 0.48$ 2. 0.51$ 3. 0.56$ 4. 0.6$ ------------------------------------------- What's a Fair Value Gap (FVG) ?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or...

MBM_Crypto

The idea is: Buy when the price breaks above 14.31$ and take profits at the levels shown in the chart. Targets: 1. 14.6$ 2. 15.3$ 3. 16$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2....

MBM_Crypto

Here's a quick look at the 6 hr. BTC chart. As we can see, the price broke below the broadening wedge and is currently testing the support zone. We should expect much lower prices if the price breaks below the support zone. There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some point! Also, the DXY is expected to rally...

MBM_Crypto

The idea is: Buy when the price breaks above 17.51$ and take profits at the levels shown in the chart. Targets: 1. 17.7$ 2. 18.2$ 3. 18.6$ 4. 19.1$ 5. 20$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a...