$BTC On $24,690 support, weekend daily closes bearish, Last weekly close with bearish engulfing. Warned on Jun 07 about bearish pin bar on weekly close which was followed by the recent drop. Watch $24,129, $22,379, $21,299 & $19,535. For initial resistance from here watch $27,478. Gave these support areas on May 10. RSI below 30 on weekly, on daily at 28.35, 4H at...
After 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....
Fundamental Development:- The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs, however, the crypto community was quick to point out the reality of the situation. The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after...
Fundamental Development:- The United States Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud,” with nearly half of all crypto-related scams originating from social media platforms in 2021. Published on Friday, the report found that as much as $1 billion in crypto has been lost to scammers throughout the year, which...
red alert ! Ethereum create head and shoulder pattern.
after downtrend Ethereum is on most important level also watch bitcoin
if Ethereum break 1700 level we can see more selling .
#please refer chart for more info
Fundamental Development:- Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script.Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users...
BTC break its range-bound area and gets rejected from its 200 ma in 4 hr time frame and we see a squeeze near 20 ma, $30544 is its next supp if everything goes normal.
It come back to check its supp
Bitcoin trading in a descending triangle formation after fall.
It has been consolidating in a range after failing to hold its 20 ema on weekly chart.
Bitcoin has recently tested its weekly 200 ema has is consolidating just above it.
There is a resistance and a support which has been tested many times and once broken can give nice targets.
Support :- 27100,...
Btc can give possible breakout from the observed pattern on the chart long position can be made with the support can be treated as the stop and next resistance can be treated as a target 1 i.e 32k then 35k and 37k
As, we see BTC/USDT has been consolidating from last 14 days, so
1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside
2) But if bulls manage to break out of this kind of side-wise trend than it will...
