I dont really post ideas but i thought i would try. I am quite confident with this analysis. please DYODD.
Welcome back everyone to another Bitcoin analysis, I don't want to make this analysis long so I am gonna get straight to the point. As we see from the chart, we had a Head and Shoulders pattern form back in May, 2021. It wasn't a clear head and shoulders, but it did have alot of properties of an H&S pattern. It ended up breaking bullish rather than breaking to the...
XRP is the native cryptocurrency for products developed by Ripple labs. Its products are used for payment settlement, asset exchange, and remittance systems. Banks including Fidor Bank, Santander, the commonwealth Bank of Australia and a consortium of 61 Japanese banks have all said that they are trialing or implementing applications utilizing the Ripple network...
My Neighbor Alice is a new multiplayer builder game that is centered around the world of Alice and features a complex of islands on which anybody can buy and develop plots of land by filling it with creations. This time the chart looks a little bit more complicated and noisy. I used the Action, Reaction method to find important trendlines. The token turmoiled from...
In the past two months, we have seen some great gains being made on ETH/USDT and other Altcoins. ETHUSDT was able to make a high of 4800, after that the top altcoin started consolidating between the range of 4460-4780. After taking a look at the weekly chart I found the most recent trend to be over-extended. So I classified it as the 3rd wave of this bull cycle....
SushiSwap is a type of a decentralized exchange called an automated market maker (AMMA). Automated market makers lets users trade cryptocurrency tokens with no central authority managing the trade. SushiSwap uses mathematical formulas to set prices and processes trades using smart contracts. On the first day of trading the price made a high at the $15-$16 range...
Crypto.com coin strikes again. It has now become the 13th-largest cryptocurrency, according to Coingeko. In 2018, CRO was launched as the product of the Crypto.com company. Just like Binance coin (BNB), Crypto.com customers can use CRO to get discounted trading prices and qualify for better rewards. Crypto.com chain is also supposed to offer fast payment...
Bitcoin is approaching the golden ratio level of the present trend. We can see that the price action clearly respected the level before. Expecting some buying power that can result in a bounce.
These are the Support/Resistance levels on BTC to help you understand the price action deeply.