$BTC Market Analysis 🚀
BTC has experienced a strong upward move following a breakout and successful retest of the triangle pattern. It is now advancing towards the horizontal resistance level while trading above the established horizontal support.
As long as BTC maintains its position above this support, further bullish momentum is anticipated, suggesting a potential continued upward trajectory.
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VIP NEWS
TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the first to admit to conspiracy to commit money laundering. The Justice Department emphasized the bank’s compliance failures, which created an environment where financial crime thrived.
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66.43
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$BTC Market Analysis
BTC has broken out of its descending triangle pattern and is currently retesting the upper boundary. A successful retest above this level would confirm a bullish breakout, potentially signaling further upward momentum.
However, if the price falls back inside the triangle, we could see continued consolidation or further movement within the triangle, indicating a lack of breakout confirmation. Traders should watch closely for either scenario to play out.
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VIP NEWS
SEC's Authority Over XRP Futures Challenged in Bitnomial Lawsuit
Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting all digital assets. The case seeks a clear judicial ruling on XRP’s status.
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Читать полностью…$BTC Market Analysis
BTC has re-entered the descending triangle pattern after what appears to be a false breakdown. To confirm its next direction, we need to wait for a decisive breakout followed by a successful retest of key levels. Only then can we expect a clearer signal regarding the future trend. Patience is essential until these confirmations unfold.
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Bitcoin Bullets® Market Analysis
OCTOBER 11th, 2024
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⚪️TECHNICAL (DAILY)
The price action on the daily timeframe is still consolidating below both resistance trendline levels, signaling that liquidity is building up beneath the current price levels. 📊
However, in order to confirm any downward movement, the price action must break down through the support trendline.
Once this happens, we could see a stronger bearish momentum as liquidity is grabbed from those lower levels.
This breakdown would likely signal a continuation of the downward trend.
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-8.80 based on moving average volatility open/endpoints)
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📌INSIDER UPDATE
🇨🇳 China Moves To Stimulate Economy:
• Cut reserve req ratio, releasing ~1 trillion yuan
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• Child subsidies for families
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Bitcoin Bullets® Trading
📌$BTC/USDT (LONG)
Leverage: 5-10x
63000
63500
64000
Profit: 32.8% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$BTC/USDT (LONG)
Leverage: 5-10x
63000
63500
64000
65000
Profit: 40.5% (10X)🥂🔥
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📌INSIDER UPDATE
💰 Token holder distribution of $TON has grown by 2400% this year, as the total number of TON holders now stands at 90M
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Bitcoin Bullets® Trading
$BTC Market Analysis
BTC is currently attempting to break above the descending triangle pattern. A successful retest of this level would confirm a bullish breakout, signaling potential upward momentum. However, if the retest fails, it may indicate further consolidation or movement within the triangle, suggesting continued indecision and potential bearish pressure. Traders should closely monitor this retest for a clearer indication of the next directional move.
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Bitcoin Bullets® Trading
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Читать полностью…Bitcoin Bullets® Market Analysis
OCTOBER 11th, 2024
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⚪️TECHNICAL (H4)
The price action of $BTC on the H4 timeframe has successfully bounced back from its horizontal support level, marked between $59,848 to $59,323.
Currently, the price is respecting its horizontal resistance level.
For further upward movement, the price action needs to flip this resistance into support to continue the bullish momentum. 📈
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-7.11 based on moving average volatility open/endpoints)
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📌$STEEM/USDT (LONG)
Leverage: 5-10x
0.1842
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📌INSIDER UPDATE
JUST IN: 🇳🇮🇮🇱 Nicaragua officially ends diplomatic relations with Israel.
Nicaragua says the break in relations is due to Israel's attacks on Palestinian Territories, calling Israel's government "fascist" and "genocidal."
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Bitcoin Bullets® Trading
📌$RSR/USDT (LONG)
Leverage: 5-10x
0.00653
0.00660
0.00670
0.00680
0.00700
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VIP NEWS
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon.
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Читать полностью…$BTC Market Analysis
BTC is trading within a descending triangle pattern, characterized by lower highs converging towards a horizontal support level. It is presently bouncing off this key support.
To determine the next significant move, waiting for a breakout above or a breakdown below the triangle is essential. For confirmation, a successful retest of the triangle's boundary after the breakout or breakdown is necessary, which will signal the likely direction of the next trend.
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Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
OCTOBER 10th, 2024
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⚪️TECHNICAL (DAILY)
The price action on the H2 timeframe level successfully grabbed the lower liquidity levels previously marked at $61,203 and $60,498 📉.
Now, the price action is bouncing back from this level, and we can anticipate the formation of a lower high as the trend progresses 📈.
This bounce is likely a short-term retracement before potential further downward movement.
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-4.86 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
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🔴SHORT
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