MBM_Crypto

MBM_Crypto Updated 

It's quite evident that a double-top formation has materialized in the price structure. This formation, in conjunction with the anticipated downtrend foreseen for the S&P 500, strongly implies the likelihood of a downward trajectory for BTC. Numerous indicators are aligning to signal an impending move towards the downside, and it appears that this might occur...

MBM_Crypto Updated 

The price has been observed to form a double-top pattern accompanied by a significant bearish divergence on the weekly timeframe. However, it is essential to note that if the price surpasses the resistance zone, a potential upward movement toward 35k can be expected. Conversely, if the price breaches the support trendline, a decline to 23k is likely. Monitoring...

MBM_Crypto Updated 

The present circumstances clearly indicate that the closing price has descended below the 20-week simple moving average (WSMA), a historical signifier of notable bearish market trends. While it is acknowledged that the 20 WSMA is not an infallible indicator, observing its historical behavior reveals a consistent pattern of significant downward movements in price....

MBM_Crypto Updated 

It is evident that the index is approaching heavy resistance! If the index breaks below the support line, a move down to 3500 is likely to happen! If the DXY keeps rallying, this trendline may be reached again! Note that the bear market probability index is currently at an all-time high! Lastly, the market is experiencing a notable increase in fear, likely due to...

MBM_Crypto Updated 

It is apparent that the price has exhibited signs of weakness and has ultimately breached the support zone. Should we witness a daily candle close below the support zone, it is highly probable that a downward movement towards the lower end of the descending channel will occur. Moreover, if the price breaks below the descending channel, a descent to the level of...

MBM_Crypto Updated 

The current market analysis indicates a significant double-bottom reversal in the DXY index, with expectations of reaching a minimum index level of 105 soon. Moreover, should resistance zone 1 be surpassed, a subsequent movement towards resistance zone 3 is expected! It is crucial to note that if the DXY index maintains its upward momentum, it may exert...

MBM_Crypto Updated 

Here's a quick comparison of two periods in bitcoins history The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often...

MBM_Crypto Updated 

Upon examining the DXY chart, it appears that the index is currently approaching the apex of a triangle formation. It is likely that a breakout will occur prior to the end of May, and it is recommended that one closely monitor this development. If the index were to break to the upside, it could potentially result in significant downturns in both the stock and...

MBM_Crypto Updated 

The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! When meme coins start pumping, you know the overall rally is coming to an end. We are exactly in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown...

MBM_Crypto Updated 

The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the...

MBM_Crypto Updated 

It appears that the overall market is experiencing a weakening trend. Suppose BTC continues to decline from its current position; the Altcoin market cap is expected to break below its recent uptrend. This could potentially lead to a significant drop in the altcoin market cap, down to around 300B. Given these circumstances, it may be wise for individuals to avoid...

MBM_Crypto Updated 

It is apparent that the price has breached below the neckline and subsequently undergone a bearish retest. However, the price has failed to regain the neckline, indicating a potential shift in momentum toward the downside. Should the price further break below the support zone, there is a strong possibility of moving toward the 24k mark. Furthermore, it should be...

MBM_Crypto Updated 

After thorough analysis, it is apparent that the price of ETH has developed a Head and Shoulders pattern. In the event of a breach below the neckline, a substantial downward movement is anticipated. It is, therefore, advisable to closely monitor the neckline for any such movement. Furthermore, based on the strong correlation between BTC and ETH, it is expected...

MBM_Crypto Updated 

The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will...

MBM_Crypto Updated 

Here's a quick comparison of two periods in bitcoins history The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often...

MBM_Crypto

It is evident that a triangle pattern has formed in the price chart, and recent price action indicates that the upper trendline has acted as a strong resistance level. Based on this observation, the price is expected to move towards the lower boundary of the triangle if it continues to trade within this pattern. However, if the price breaks below the triangle,...

MBM_Crypto

It is evident that a bullish pattern is emerging as a falling channel. There is a likelihood of witnessing a final significant short squeeze! The idea is: Buy when the price breaks above 0.00000231$ and take profits at the levels shown in the chart. Targets: 1. 0.0000024$ 2. 0.00000257$ 3. 0.00000293$ 4. 0.00000325$

MBM_Crypto Updated 

Here's a quick comparison of two periods in bitcoins history It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat...