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Bitcoin (Cryptocurrency)

SHIB/USDT 800% Potential in Bull Run ( Bullish Analysis )SHIB/USDT Long-Term Chart Analysis Current Price: $0.00000940 After a -94% correction from the All-time High, SHIB is up 70% from the recent bear market bottom. Chart analysis suggests a potential breakout in the High Time Frame (HTF). Breakout Level: $0.00001050 Long Term Targets: $0.000017 / $0.000027 / $0.000038 / $0.000067 Secondary Entry ( if Market Crash): $0.00000750 Potential Breakout Ahead: SHIB is on the verge of a breakout in the HTF. Waiting for confirmation for a good entry. Long-Term Strategy: Accumulate during dips for significant returns. Targets are considered as resistances in the long term. Future Expectations: Anticipate substantial returns, especially during the MEMES trend. Long-term targets set for potential future growth. Follow me Friends.
Long
by CryptoPatel
1
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update Current Status: Near Parallel Channel Resistance Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection. Anticipated Reversal Scenario: If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached. Key Levels to Watch: Support Levels: $37,500 / $32,000 Resistance Level: $41,000 Follow us for Real-time crypto updates. Thank you.
Short
by CryptoPatel
Q&A_ Where would bitcoin price move from here? My analysis.Namaste! Bitcoin is currently in a medium-term downtrend in weekly charts. Bitcoin has faked-out many bullish people in this daily candle. If 29240 level is broken here, then there will be a massive sell-off, according to my analysis. There is also a news supporting this, "CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor". I am assuming a bull charge again only if price moves above 32015 levels. But I don't think it will sustain longer. Consolidation generally have a higher probability of price moving in current direction, i.e. "down" in current scenario. Interpretation is that, the buyer's are not interested to buy, hence it is consolidating. If they were more willing to buy, they would have done it fast (neither consolidate). There are mainly two types of people in the world. Type 1: a: They believe god does not exist. b. They believe alien does not exist. c. They believe Bitcoin will be the future of federal currency system. Type 2 people think the exact opposite. I am a type 2 person. Disclaimer: Do not take positions based on my analysis.
COINBASE:BTCUSDShort
by UnknownUnicorn7637383
3
Bitcoin Weekly Chart Analysis: Navigating the Bearish LandscapeBitcoin Weekly Analysis: Navigating Market Dynamics Overview: Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge. Bearish Sentiment: Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market sentiment. Rising Wedge Resistance: The cryptocurrency faces resistance at $38,500, aligning with the upper boundary of the bearish rising wedge. Potential Scenarios: Confirmation at $38,500: High probability of a downward trend. Potential Liquidation Wick at $46,000: A strategic level for liquidating high-leverage positions. Support & Resistance: Support Zone: $29,000-$30,000 within the rising wedge. Resistance Levels: $38,000 and $46,000. Key Considerations: Caution Advised: Exercise prudence and conduct thorough research before making any trading decisions.
Short
by CryptoPatel
SOLANA updated move (SMC)As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it. So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss strategy. Our next target should be the recent high that SOLANA reached. However, it is crucial to keep an eye on Bitcoin's price movement as well. Bitcoin often influences the overall cryptocurrency market, so any significant changes in its value could impact SOLANA's performance.Additionally, it is important to note that the current market sentiment appears to be greedy. This means that investors may be more inclined to take risks and potentially overlook potential downsides. Therefore, it is essential to exercise caution and manage your risk accordingly. I will continue monitoring the situation and provide updates as necessary.
Long
by mayankzhare_13