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Technical Analysis Update: DXY & Bitcoin Price Correlation Technical Analysis Update: DXY & Bitcoin Price Correlation DXY Overview: The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin. Bitcoin Price Implications: If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a bearish impact on Bitcoin, potentially driving BTC prices down towards the $50,000 mark. If DXY Breaks Down: Conversely, if the DXY fails to hold this support and breaks below $105, it could signal a bullish scenario for Bitcoin, with price targets possibly reaching up to $75,000. What to Watch: Traders should keep a close eye on the DXY's behavior at the $105 support. A confirmed bounce or breakdown will be pivotal in setting the next direction for BTC prices. Action Steps: - Monitor DXY closely for any signs of reversal or continuation patterns at the support level. - Prepare for potential volatility in BTC prices in response to DXY movements. Stay Tuned: Follow for more updates.
TVC:DXYLong
by CryptoPatel
Bitcoin Urgent market Update about RejectionBTC/USDT Urgent Analysis ➡️ Current Situation: BTC has faced rejection at a higher high (HH) and is testing the resistance trendline (TL). ➡️ Bearish Scenario: There’s a possibility that BTC may retest the $57,000 range. ➡️ Key Levels to Watch: - $64,500: Crucial level! Breaking above this indicates a bullish move towards $100K. - $65,540: Place your stop loss here if you have open short positions (avoid high leverage). - $67,300: The last HH level. If BTC breaks this, the HH/HL pattern is invalidated, signaling a bullish rally towards $100K. Stay alert and manage your positions carefully!
Short
by CryptoPatel
3
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ? High Risk-to-Reward Reversal Trades - Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards. - Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit. - All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal. Opportunities for Traders: 1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades. 2⃣ Use tight stop losses and further take profits for maximum reward. 3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels. CRYPTOCAP:BTC #BitcoinETF
by CryptoPatel
$BTC Risk-Managed Trading Beyond $64,500CRYPTOCAP:BTC Risk-Managed Trading Beyond $64,500 Red Box Resistance: The crucial resistance level is at $64,500. For a bull scenario, we need to see a confirmed candle close above this level. Potential Breakout: If #BTCUSDT breaks above the red box, we could witness a rally toward a new all-time high. Risk Warning: Only enter high leverage positions after clear confirmations to minimize risks. Proper risk management is essential. #Bitcoin #cryptocurrency
BINANCE:BTCUSD.PLong
by CryptoPatel
1
Important Liquidation Levels for Bitcoin: $50k - $73kImportant Liquidation Levels for Bitcoin: $50k - FWB:73K #Bitcoin Liquidation Heat Map: Approximately $3 billion can be liquidated up to $71,715. Key levels to watch: ➡ $67,420: $2.75 Billion in potential liquidations. ➡ $50,000: $5 Billion waiting to be liquidated. Key Areas to Monitor: ➡ $56.9k - $52.1k: Weaker liquidations. ➡ $59.5k - $58.5k: Heavy liquidation zone. ➡ $52.1k - $50k: Another heavy liquidation zone. Scenarios: ➡ Below $50k: ~$5+ billion could be liquidated. ➡ Above $74k: $6.1 billion might get liquidated. Current price is around $63k! Stay alert!
BINANCE:BTCUSD.PShort
by CryptoPatel
Important BTC Update:Bulls and Bears Face Off at $64,000BTCUSDT Update: Current Resistance at $63,000 BTC is trading at the crucial $63,000 resistance level. Next Move: - Bullish Scenario: A decisive breakout above the $64,000 resistance could trigger an upward rally to a new all-time high. - Bearish Scenario: Failure to break $64,000 might lead to a downturn, pushing BTC to the year's new low in the $45,000 - $50,000 range. Keep a close watch on these levels as they will decide the next direction of BTC. Stay tuned for further updates!
BINANCE:BTCUSD.PLong
by CryptoPatel
Solana Price Analysis: Will SOL Rally To $500 In Current BullRun#SOLANA/USDT Chart Analysis HTF Perspective: The SOLANA chart looks extremely bullish on the higher timeframe (HTF). A bullish Cup & Handle pattern is emerging, signaling a potential massive upward trend. Cup & Handle Pattern: According to my analysis, the Cup has already been completed, and we are awaiting the formation of the Handle. The handle's bottom is likely to form around $50, which presents a great opportunity to accumulate SOLANA in large quantities. Key Takeaways: ➡ The cup pattern is completed, and the handle pattern is in the works. ➡ The handle bottom could form around $50, presenting a prime buying opportunity. ➡ Once the handle pattern completes, a significant upward move is likely. ➡ Long-term targets are around $500 to $1000. Price Levels: ➡ Strong Support: $84/$46 ➡ Resistance: $200 Current Update: I initially highlighted this pattern when CRYPTOCAP:SOL was trading at $190, and now it's touched $116. If you booked profit at the top, well done! Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrencies.
Long
by CryptoPatel
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag. Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000 However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k. Stay cautious and keep an eye on these key levels! #Bitcoin #Crypto #TechnicalAnalysis
Long
by CryptoPatel
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count Greetings traders and investors, Current Analysis: The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000. Chart Analysis Recap: The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations. Pennant Breakdown: #BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant. Critical Breakdown: After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward. Elliott Wave Count: We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count. Upward Move: Expect a short-term pump towards $61,000 - $62,000. Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000. Support & Resistance Levels: Support: $51,000 / $42,000 Resistance: $62,000 Note: If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update. Like & share if you agree with my Analysis Trade safely,
Short
by CryptoPatel
$BTC Plan Blue for Long-term #Crypto Investment:Phase 1 - Buy 50% at 58k Phase 2 -Buy 30% at 49k Phase 3 -Buy 20% at 38k If you're starting a new portfolio, consider buying some Bitcoin and Altcoins at the current price levels and then remaining 50% at 49k & 38k as per our plan. There's no need to fret over your long-term investments, just remember to HODL. Remember, it's impossible to accurately predict the exact bottom of the market, so always do your own research before making any investment decisions. NFA DYOR GL.
BITMEX:XBTLong
by femtoxbt
3
#Aptos Price Analysis: From Symmetrical Triangle to $100 APT/USDT Technical Analysis Update ➡️ Current Situation: APT price was recently rejected at the resistance level of its previous all-time high. Observations on the higher time frame (HTF) charts indicate the formation of a symmetrical triangle. After a breakout, the price is currently retesting at the support level. ➡️ Key Support Zone: The strong support zone and recommended entry levels are between $9 and $7.50 (spot trading). This provides a favorable risk-reward setup for potential entries. ➡️ Long-Term Outlook: In my opinion, Aptos (APT) holds the potential to reach $100 in the long term. This makes my long-term target for APT a solid $100. ➡️ Short-Term Targets: $18 $30 $48 These targets are set based on current market dynamics and breakout patterns observed in the chart. ➡️ Risk Management - Exit Strategy: It's crucial to manage risks by setting an exit point. If the price breaks down below the red trend line, currently around $6.50, consider exiting to preserve capital. ➡️ Market Sentiment: The overall sentiment will need to be monitored closely, particularly how the price reacts at the current support level. Maintaining a flexible approach will be key as market conditions evolve. ➡️ Remember: Always do your own research (DYOR) and consider your risk tolerance when trading. Stay Updated: Follow for more updates and insights on cryptocurrency trading and market analysis.
Long
by CryptoPatel
1