Seems like worst is not over. Breakdown below current levels will confirm a #DoubleTop breakdown. Leave about targets. Its high time to say bye bye to bitcoin at all cost. Next accident could be harsh than one can think of.
$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...
Currently 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.
Fundamental Development:- Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry.Bitcoin extended earlier declines after Celsius's announcement, falling more than 6% to as low as $24,888, an 18-month low....
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.
Hello Traders,
Hope you all are doing good!!
I expect BTCUSD to go UP if it corrects here.
Look for your BUY setups.
*This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB.
Please follow me and like if you agree or this idea helps you out...
Fundamental Development:- Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year on year.Leading the gains are Decentraland’s MANA (up 41%), The Sandbox’s SAND (up 470%), Axie Infinity’s Axie Infinity Shards (AXS) (up 511%), and Stepn’s GMT (up 746%), according to data from Kraken Intelligence...
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:- New York governor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months.If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able...
$BTC Basing pattern update, on 1D yesterday's close was very bullish as you can see on the chart above. $28,580 remains key support in current moving range $28,580-$32,113, recently two attempts on $32,113 which resisted, basing pattern still forming continue watching👀
The 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...
The 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...
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...
$BTC like i said #Bitcoin still forming basing pattern, trying to test last resisted key resistance area around $32,113. Today's 1D looks bullish as of now but it has to close bullish to remain bullish, Continue watching given support and resistance areas.
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...
