Btc!
Update: BTC broke $ 20000, what' next?so BTC followed the projected path! there seems to be one more small push down before some relief is seen.
the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later).
Trade safe!
SOLANAFinal puke across all the crypto market is due IMO, various factors pointing there, lets not get into the details.
While the whole market is screaming "Cheap" "bottom" "All-in", be aware of this scenario as this holds a very good probability.
Solana to $25s while $BTC at low $20k is what I see.
Might be wrong, NFA.
New lower targets #BTCCurrently it's at the 200 weeks EMA. Let's see if it holds. The next lower level will be around 19000s. The support shown on chart. The 28800 which was support, has now turned into resistance. If, any bounce, it will be limited to that resistance. If it breaks the 200 weeks EMA, that's gonna be the resistance as well.
Solana is ETH2.0, Always has been.There is a decent chance we might be here
We are in the process of bottoming yes, but when shit hits the fan this hard, this often can be that process.
NFA. Wud love it, if this post marks the bottom across the board. Never go full redard #SOL #ETH
I am saving my dry powder.
Big Move In BITCOINBINANCE:BTCUSDT
AS PER MY VIEW
There can be a big move in bitcoin. Bitcion has reached towards its crucial levels.
IN bitcoin it has made a head and shoulder pattern.
If bitcoin breaks the level toward downward then a big fall can come in bitcoin,
and if bitcoin stops and sustain here and take support here then be ready for a big bullish move or a new high.
Bitcoin (BTC) Chart - Japanese Candlesticks Vs. Heikin AshiOn the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions).
On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions).
Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals.
Tip: Heikin Ashi is ideal for swing trading.
BTC/JPY - weekly Analytics + Altcoins 06.06.2022The consolidation, which started back on May 13 and the negative sentiment of investors regarding the market, indicates a significant position gained by a major player at an average price of 3800000, which can give a strong impetus to the growth of quotations in the future. The current momentum further confirms our expectations.
Altcoins:
A clear diagonal level is formed in Tron, the coin looks attractive for buying in our opinion, a break of 0.09 will additionally confirm our expectations.
BTC/USD - weekly Analytics + Altcoins 06.06.2022The consolidation, which started back on May 13 and the negative sentiment of investors regarding the market, indicates a significant position gained by a major player at an average price of 29,500, which can give a strong impetus to the growth of quotations in the future. The current momentum further confirms our expectations.
Altcoins:
A clear diagonal level is formed in Tron, the coin looks attractive for buying in our opinion, a break of 0.09 will additionally confirm our expectations.
BTC/USD - Weekly OverviewAfter facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too.
BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. A positive breakout above the major resistance level of $32K might bring back the much needed bullish momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram.
Overall, resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
What 1-hour chart says?
Fundamental Development:- United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios. The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto. Speaking on the company’s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset management Mike Siegel said he was surprised to get any result:“We surveyed for the first time on crypto, which I thought would get no respondents, but I was surprised. A good 6% of the industry respondents indicated that they’re either invested in crypto or considering investing in crypto.”The report found cryptocurrencies were in fifth place for the asset class insurers expect to deliver the highest returns over the next 12 months, with 6% ranking it as their first choice, beating United States and European equities. Around 2% of firms indicated a current crypto investment, and while it’s a small number of firms indicating investment or interest, Goldman Sachs analysts wrote that this level of interest “is still notable.” On the podcast, Siegel discussed a follow-up survey conducted of crypto-interested firms to understand their motivation behind purchasing:
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,600-$30,100 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $30,700 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,700.
Alternative Scenario: If Bitcoin fails to clear the $30,700 resistance zone, it could start another decline. An immediate support on the downside is near the $30,000 level.