On 3h, a similar late August pattern is repeated, where the market starts to believe too much in growth, and of course the market makers punish everyone. I see Momentum Waves on MC showing exactly the same H&S pattern, which will almost always mean a sharp drop.
1) CME Gap on Sept 7-8 went unfilled, and this is the first prerequisite for a 55k move.
2) The daily...
Is it just me, or does the 2024 daily chart look suspiciously like the 2016 and 2020 patterns? Still the same tapering triangle, after which we see a parabolic rise.
Isn't this all about supply&demand? At one moment the market realizes that there is even less bitcoin to buy after halving, a certain news trigger occurs - and the price goes skyward. This causes a...
For the last few months, you can observe that Bitcoin is only leveraged SPX, and it follows it clearly almost always. And accordingly, any bitcoin changes during the weekend are rolled back as soon as the weekdays start.
Try not to fool yourself by going into fat longs because of this deception.
I don't know about you, but I see a clear falling wedge here. I'm sure you are looking for information on whether SUN will fall further, and I think I have an answer, at least one that I plan to believe.
Positive Background:
- SUN is still an important part of the TRON ecosystem and is actively supported by the CEO. It's not exactly a meme coin made by a high...
As you all know, the price failed to overcome 64500 and went into correction. We see Money Flow falling rapidly and it seems that the fall to 62000 is imminent. However, the market will definitely want to punish the brazen shorters and may try to test our resistance a bit more.
Soon after that, we expect a hard, high volume supported fall to the next boundary...
In the world of Bitcoin and cryptocurrencies, extreme volatility is the norm, not the exception.
However , certain unexpected events — the so-called "Black Swans" — can trigger particularly severe corrections. These events, often unforeseen, can send shockwaves through the market, leading to sharp declines in BITSTAMP:BTCUSD value. Here are some real-world...
