StonkMarketParty

StonkMarketParty

Bitcoin broke through the 102k liquidity zone acting as resistance for the past week. But it did so with low volume signaling some bearish divergence. Key Considerations: 1. Weak Commitment: Lower volume suggests that there may not be enough buyer commitment to sustain the breakout. Think of it like showing up to a party with a single girl and as soon as...

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The Crypto market cap is testing a critical support level of 3.49T . A drop under this liquidity zone could trigger a cascade of sell-offs, potentially leading to heightened volatility across the market. If the support fails to hold, it may signal a bearish trend reversal, prompting further downside pressure as traders and institutions seek to minimize risk....

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BTBT and most BTC miners have been under a lot of pressure the last few days and it has investors a little upset. BTBT currently testing the support of its upward trendline, which has guided its bullish momentum. The stock is at $4.10 , a weekly low as of now, with the high for the past week reaching $5.76 . A bounce off this trendline could signal a...

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Tesla’s stock is delivering holiday cheer, hitting an all-time high of $436 just in time for the season. Analysts are buzzing about where Santa might steer this EV sleigh next. Using the Fibonacci retracement tool, the 161.8% extension suggests a gift-wrapped target of $571.93 , while the trendline forecasts a cozy $490-$530 range by New Year’s Eve. But...

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The S&P 500 has recently formed a solid left shoulder and is now halfway through developing the head of a potential Head and Shoulders reversal pattern and divergence suggest we could form the right ear this week. This classic chart formation is often a sign of an upcoming trend reversal, typically from bullish to bearish. If the current pattern continues to...

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Bitcoin’s price action is currently forming a symmetrical triangle pattern, with the key points marked as A ($103,900), B ($92,400), C ($101,400) , and D ($94,600) , indicating a period of consolidation as buyers and sellers struggle for control. Notably, the price recently bounced off the 0.786 Fibonacci retracement level at $94k , a critical support zone...

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Dogecoin (DOGE) has reversed back into its neutral wedge pattern over the past 24 hours, raising questions about the validity of the recent breakout attempt. While yesterday's move above the wedge resistance appeared to signal bullish momentum, the price's inability to sustain higher levels indicates a potential false breakout. Updated Technical...

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Ethereum is testing the $4,090 resistance for the third time, raising concerns of a potential triple top formation. If the price fails to break through this critical level, it could signal a bearish reversal, leading to a decline toward $3,800 or lower. Triple tops often indicate weakening momentum, as sellers overpower buyers at consistent highs. However, if...

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Dogecoin is at a tipping point, consolidating within a neutral wedge pattern. Will it break upwards to new highs or tumble downward? If Bitcoin can hold above the fibinachi retracement level and crypto market cap stays bullish, DOGE should break to the upside! Explore key levels, potential scenarios, and what traders should watch for in this decisive moment! Make...

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Bitcoin is nearing the end of this wedge pattern it's been trading in for over a week.