- Ethereum ETF has been approved and started trading now post the approval ETH is down 10% in 2 days already
- Ethereums retracement is going to be repurchased in bulk because Institutions will be looking for cheap prices
- Ethereum can add great value to your Portfolio if your allocation size is good
- Ethereum can soon print new highs quickly
- Total Market Cap is sitting at a crucial zone
- It will be important to see how the price reacts from the demand zone
- It can pierce it and go below that as well
- We do not have much negative news in the market that can bring the market down by a huge Manipulation
Earlier I discussed about double top pattern in making & captured the great free fall of more than 7,000 points.
Now, Bitcoin can be seen taking support at important levels. Bitcoin is experiencing times of high fear, high volatility and negative sentiment among the traders. From a psychological point of view, this could end in a bullish momentum as I have seen...
- USDT Dominance is trading at no trade zone
- To determine a one-sided bias its going to be tough
- IMO I believe we can see more retracement worth 0.5% and then pull back so watch out for that pullback if you are holding altcoins because they will start bleeding again unless the structure gets broken badly with mass volume
- Manage risk and position accordingly
The weekly close was so bullish. BINANCE:BTCUSDT successfully flipped the POI level (67k), showcasing the strength of spot buyers in the market.
Expect some consolidation before bulls push to 72k (PMH) and then new highs!
68k- POI level
72k- PMH + Liquidation
74k- New all time high.
Broader market trends and sentiment towards cryptocurrencies in general can influence Ethereum's price. Positive sentiment and bullish market conditions can lead to higher prices.
Cmp 3541
- Bitcoin made a strong weekly close last week and is currently trading above 63,500$
- Bitcoin currently looks ready for a retracement and can retrace towards 59-61,000$
- Place your Altcoin and Ethereum bids accordingly after understanding Bitcoin's price action
- Do not overlap your risk rather manage it wisely
Symbol - BTCUSD
CMP 60700
Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely.
In any case, If it is breaking 59000...
The chart is looking bullish for several reasons. Firstly, the RSI (Relative Strength Index) is rising quickly, indicating increasing momentum. Secondly, there's a noticeable uptick in volume, which supports the price movement.
The main reason for my bullish outlook is a simple price action pattern I've observed repeatedly. When the price hits a support level 3-4...
IS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEW
when we look in day chat bitcoin showing these thing.
1. first of all its break a trend line shown on chat
2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap
3. its also breaked the all support lines
there is no resistance so it will fall a lot with out any doubt
4....
Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said...
Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said...
There is still potential for a small bounce in BINANCE:BTCUSDT before it potentially drops to a lower low of 56k. Nothing to worry about, It would be the best opportunity.
We may not see any big moves until the ETH ETF starts. It starts trading on the 2nd of July. But once the #ETHETF begins, there could be some distribution on BTC.
Hi everyone! Today, I'd like to highlight another top altcoin: AVAX. It has found strong support at the anchored VWAP and is currently retesting a previous high area. Recently, $AVALANCHE surged to retest the previous support level from 2021, around the $65 zone, which acted as resistance. Now, it's finding support from previous highs.
The VWAP is a highly...
Overview & Observation:
1. Breakout of ATH levels and price sustaining higher levels are signs of strong buyers.
2. A strong trendline breakout candle will be expected.
3. RRR is favourable.
Trade Plan:
1. ENTRY = CMP
2. STOPLOSS = 10%
3. TARGET = 70%++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to...
