It seems to be a major reversal pattern since a downfall. Through the volume, you can grasp the accumulation of supply, it has been absorbed a lot.
Exciting to see how it unfolds because it has taken thin support at the 19000 level.
Considering the current dynamics, it may go up till
24000-24300 range, then it could face some resistance.
Need a strong stimulus in...
BTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date.
I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks.
Bearish descending triangle, descending resistance weekly and daily,...
#BTC UPDATE 3 :
In 1W TF Remember properly i discussed this market cycle, According to stan Weinstein Theory that for an actual mark of phase first we need a proper capitulation phase we are expecting further capitulation phase or range bound mark of phase and then actually move makes a lot of sence.
Fundamental Development:-
Cryptoverse: Blockchain bridges fall into troubled waters
Another day, another hack - and another blockchain bridge burned.
When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain "bridges" - strings of...
Fundamental Development:-
What will cryptocurrency market look like in 2027? Here are 5 predictions
The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that's a line from the 2011 video game, Deus Ex.)Long-term predictions are notoriously...
Descending Channel Price Action analysis - BTC
Price Prediction Analysis
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with...
Fundamental Development:-
Billionaire Steve Cohen Withdraws Support For Crypto Startup Radkl
Steve Cohen, the famous billionaire and owner of American multi-strategy hedge fund Point72 Asset Management, has reportedly lost confidence in Radkl, and has thus rescinded his investment in the crypto startup.According to reports, one-year-old Radkl has lost two...
Fundamental Development:-
Tether supply starts to increase after three-month decline
The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering. The first mint in almost three months occurred on July 29, and there have been three...
$BTC $23,713 tested and broke as expected yesterday, Currently providing a support. $24,129 acting resistance as of now, Last 4H close bullish, current 4H close determine the direction. On 1D chart yesterday close was a perfect follow up for the bullish engulfing from 27th.
Fundamental Development:-
Bitcoin (BTC) Recovers, But For How Long?
Bitcoin (BTC) regained its price level not seen since the middle of June. The dominant crypto climbed to $24,195 on Wednesday, marking over 5% growth during the past 24 hours and a 20% increase over the past 7 days in total.Various indicators show optimistic crypto market recovery signs, but...
Fundamental Development:-
Crypto newcomers who bought into the leading cryptocurrency by market cap, Bitcoin (BTC), are mainly underwater According to the CEO of Crypto Quant, Ki Young Ju, BTC newcomers that joined in early 2021 are still underwater. He added that they make up 75% of the total realized market cap. The crypto market tracker website,...
Fundamental Development:-
Marathon inks new arrangements to achieve 2023 hash rate target
Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.Marathon revealed in a July 18 announcement that data center operator Applied...
Fundamental Development:-
Crypto owners banned from working on US Government crypto policies
US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de...
Btc is making a double top pattern so a quick short entry is justified here but this trade is too risky. Market is still bullish we're trading in reverse direction so trade according to risk
#DYOFR
Fundamental Development:-
Crypto-Winter Victim: Crypto Hedge Fund 3AC Files for Bankruptcy
Singapore-based 3AC is among the high-profile investors whose major capital has fallen into liquidation. This marked one of the biggest casualties of the latest “Crypto Winter.” Representatives from the company made the bankruptcy filing in a Southern District New York...
BTC looks kind of bearish, our shortzone is specified in the chart, and we have 3 TP's in this case wait for proper time don't fomo
The price has the tendency to bounce from that resistance so wait for that zone otherwise do not take the trade at all
Always DYOFR
