Weekly Price Action Analysis: Bitcoin’s Downward Trajectory
The weekly price action has confirmed that Bitcoin is currently in a downward trajectory. After failing to hold above the key psychological level of $60,000 for over six months, it appears that Bitcoin has entered a phase of price discovery to explore lower support levels.
In the chart provided, a...
In a rare and whimsical turn of events, Bitcoin's price action has gracefully morphed into what can only be described as the "Giraffe Pattern." This tall and lanky formation has BTC traders everywhere scratching their heads, wondering if the crypto market is reaching new heights or just taking a long, leisurely stretch before a big crash.
🔍 Key...
Overview:
USD/JPY has been on a remarkable upward trend for several months, reaching levels not seen since 1990, a staggering 34-year high. This persistent climb is attributed to various factors, including the significant interest rate differential between the US and Japan. However, market conditions suggest that a major correction may be imminent, especially...
Description:
Bitcoin appears to be in a bear market, and several key indicators support this observation. Here’s an analysis of these indicators to explain the current bearish trend.
1. Price Action:
In a bear market, Bitcoin shows a pattern of declining highs and lows. This means that each peak and trough in the price is lower than the previous ones,...
Overview:
XAGUSD (Silver / U.S. Dollar) is currently in a strong uptrend, fueled by both technical and fundamental factors. Here's a comprehensive look at why silver is trending upwards and how you can potentially capitalize on this movement.
Technical Analysis:
Descending Triangle Breakout:
The chart shows a clear descending triangle pattern, which is...
