MBM_Crypto

MBM_Crypto Updated 

It's no surprise that the price has been rejected from the 200-day Simple Moving Average (SMA) multiple times. Historically, the 200-day SMA has acted as either a support or resistance level, depending on whether the price is above or below it. Since the current price is below the 200-day SMA, there is a high likelihood that the price will continue to move lower...

MBM_Crypto Updated 

The price has been setting up a Wyckoff distribution, and this is a textbook example of the Wyckoff distribution. With a diminishing trend, phase E is anticipated to commence shortly! About Wyckoff distribution: PSY—preliminary supply, where significant interests begin to unload shares in quantity after a pronounced up-move. Volume expands, and price spread...

MBM_Crypto Updated 

Here's a Quick outlook for BTC. This week, there hasn't been much movement, and the price continues within the rising channel. Previously, we saw a move below the 200D SMA, and the price hasn't managed to break back above it as the SMA is now acting as resistance. One way to predict market changes is by using the 200-day simple moving average (SMA). If the closing...

MBM_Crypto Updated 

One way to predict market changes is by using the 200-day simple moving average (SMA). If the closing price drops below the 200-day SMA, it's likely that the market will continue to decline, and the opposite is also true. Currently, the price is below the 200-day SMA, which suggests that it may fall further until it rises above the SMA. There are several...

MBM_Crypto

The index finds itself at a pivotal crossroads, where a decisive move in either direction can shape the dominant trajectory in the coming months. A fresh all-time high (ATH) could be in the offing should the index breach the resistance zone, yet crossing the threshold of the yellow support zone might usher in a descent toward the green support area....

MBM_Crypto Updated 

As highlighted previously, it’s not uncommon for prices to experience a temporary rise after the Death Cross, only to fall again. The price evidently lacks strength, signaling a potential end to the Death Cross rally. Remember that the Death Cross is not a definitive sign but confirms what we already expect - that the trend will continue for some time. Based on...

MBM_Crypto Updated 

It looks like the Death Cross has happened, which means the current trend will likely continue downward for a while. Sometimes prices go up briefly after a Death Cross before falling again. Keep in mind that the Death Cross is not a definitive sign, but rather confirms what we already expect - that the trend will keep going down for some time.

MBM_Crypto Updated 

Based on the double-top formation, it seems apparent that the price may decrease. If the price falls below the critical support zone, there could be a potential downward move to 18k. Additionally, due to the DXY's strengthening, it is expected that the price of btc will decrease shortly. Furthermore, Keeping an eye on the fair value gap and CME gap below current...

MBM_Crypto Updated 

The price has broken below the descending triangle, signaling a bearish trend with a target of $0.369. If BTC retraces to its 15k low, MATIC could potentially drop to $0.25 or lower. With regard to the BTC-pair The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent...

MBM_Crypto

Here's a quick look at the MATIC / BTC pair. The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent to keep an eye on the 2000 sats level, as it will play a vital role in dictating the price direction in the upcoming months! The overall altcoin market is not looking...

MBM_Crypto Updated 

Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon! Consequently, a break to the downside is expected, and it may be prudent...

MBM_Crypto Updated 

The index finds itself at a pivotal crossroads, where a decisive move in either direction can shape the dominant trajectory in the coming months. A fresh all-time high (ATH) could be in the offing should the index breach the resistance zone, yet crossing the threshold of the orange support zone might usher in a descent toward the blue support area. Additionally,...

MBM_Crypto Updated 

In previous years, the bull market support band (b.m.s. band) has been an excellent indicator of a shift in the market. When the price gets below the band, the price tends to get into a bear phase. And when the price breaks above and holds above the band, the price tends to start a new bullish trend. As of now, the price has closed below the b.m.s. band for the...

MBM_Crypto Updated 

The bear market resistance trendline has yet again been respected - this time as a support. The current price action doesn't look strong; therefore, the price is expected to break back below the bear market resistance trendline! Furthermore, Keeping an eye on the fair value gap and CME gap below current price levels is prudent. These gaps tend to get filled at...

MBM_Crypto Updated 

The price is currently exhibiting a Wyckoff distribution pattern, showcasing a textbook example of this particular phenomenon. Phase E, characterized by a diminishing trend, is unfolding in a favorable manner. It is of utmost importance to closely monitor the movements of the S&P500 index, as there are indications of an impending downward shift. In such a...

MBM_Crypto Updated 

In the past few weeks, the DXY index has been showing some strength, and the current bullish momentum is amplified by the price breaking above the falling channel! It is reasonable to mention that the index is currently approaching a high resistance zone, and if that zone is broken, the index could be seen at the 108 level. The reason why the DXY is so...

MBM_Crypto Updated 

The bear market resistance trendline has yet again been respected - this time as a support. The current price action doesn't look strong; therefore, the price is expected to break back below the bear market resistance trendline! Furthermore, Keeping an eye on the fair value gap and CME gap below current price levels is prudent. These gaps tend to get filled at...

MBM_Crypto Updated 

BREAKING: Elon Musk’s SpaceX sold all its $373 million #bitcoin - WSJ As I had foreseen over the course of several months, the prevailing upward trajectory has at long last reached its conclusion. The waning momentum became unmistakably apparent through the emergence of a bearish divergence on both the daily and weekly timeframes. This signal was further...