$BTC Market Analysis
BTC has experienced a significant pump following a successful retest of the falling wedge pattern, a well-known bullish reversal signal in technical analysis. Currently, BTC is trading around the critical $58,000 level, which serves as a major resistance point.
A decisive candle close above this level is crucial for confirming the continuation of the bullish trend. If the price breaks out and holds above $58K, it could trigger the next leg of the upward movement, potentially attracting more buyers and signaling a strong momentum shift in favor of bulls.
Traders should keep an eye on the volume and momentum indicators to assess the strength of this potential breakout. A high volume breakout could confirm a sustained move, while a failure to close above this key level might indicate a short-term pullback or consolidation before attempting another breakout.
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Bitcoin Bullets® Trading
VIP NEWS
UK Bill Recognizes Digital Assets as Personal Property Under New Law
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services.
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- Bitcoin Bullets® Trading
📌$COTI/USDT (LONG)
Leverage: 5-10x
STATUS UPDATE
TP 1: 0.084✅
TP 2: 0.085✅
Profit: 31.4% (10x)🥂🥂
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Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. The launch highlights the growing institutional demand for secure, regulated digital asset services.
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📌$SNX/USDT (LONG)
Leverage: 5-10x
STATUS UPDATE
TP 1: 1.375✅
Profit: 16.2% (10x)🥂🥂
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Bitcoin Bullets® Trading
$BTC Market Analysis
A falling wedge pattern in technical analysis typically signifies a potential reversal signal. When BTC breaks out of a falling wedge with high volume, it indicates strong upward momentum, as volume serves as a key confirmation of price action.
Now, with BTC coming back to retest the upper boundary of the wedge (which was previously a resistance line), this move is critical. A successful retest would imply that what was once resistance is now acting as support, validating the breakout.
After the retest, if BTC rebounds off the wedge line with increased volume, it would serve as a strong bullish confirmation, signaling that a potential uptrend is likely to continue.
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Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions remain unaffected. The company reaffirmed its commitment to compliance and called for improved legal clarity for the crypto industry.
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Читать полностью…📌INSIDER UPDATE
🥇 Since launching in 2009 #Bitcoin has had more trading hours than the stock market since 1971.
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Bitcoin Bullets® Trading
📌$SNX/USDT (SHORT)
Leverage: 5-10x
STATUS UPDATE
TP 1: 1.479✅
TP 2: 1.465✅
TP 3: 1.45✅
TP 4: 1.43✅
TP 5: 1.40✅
TP 6: 1.35✅
TP 7: 1.30✅
TP 8: 1.25✅
Profit: 316.2% (10x)🥂🥂
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Bitcoin Bullets® Market Analysis
SEPTEMBER 12th, 2024
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⚪️TECHNICAL (H4)
The price action of $BTC on the H4 timeframe has successfully flipped its horizontal resistance level into support, breaking out the neckline marked between the $57,170 to $56,040 level. 📊
The price is currently consolidating at this zone and may show further upward movement after a potential retest 🔄
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit:[VIP ONLY]
(+-9.73% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲[VIP ONLY]
🔴SHORT
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📌$LQTY/USDT (LONG)
Leverage: 5-10x
0.7115
0.7200
0.7400
0.7600
0.7800
0.8000
Profit: 154.3% (10X)🥂🔥
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📌INSIDER UPDATE
JUST IN: 🇺🇸 🇺🇦 United States announces it's sending another $717 Million to Ukraine
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Bitcoin Bullets® Trading
$BTC Market Analysis
BTC recently bounced off a significant horizontal support level but faced strong resistance at the $58K mark, leading to a rejection at that price.
For bullish momentum to continue, BTC needs to break through the $58K resistance level decisively, followed by a successful retest of that zone, which would confirm the upward trend.
Without a breakout and retest, BTC is likely to continue to trade within the current range, fluctuating between the $58K resistance and the $54K support. A failure to break higher could signal further consolidation within this range, possibly delaying any significant upward movement.
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Bitcoin Bullets® Trading
📌$LQTY/USDT (LONG)
Leverage: 5-10x
0.7115
0.7200
0.7400
Profit: 79.8% (10X)🥂🔥
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📌INSIDER UPDATE
🇺🇸 Bank of America $BAC just raised its minimum wage in the to $24 per hour up from $23
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📌$FTM/USDT (LONG)
Leverage: 5-10x
STATUS UPDATE
TP 1: 0.4394✅
Profit: 44.6% (10x)🥂🥂
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Bitcoin Bullets® Market Analysis
SEPTEMBER 10th, 2024
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⚪️TECHNICAL (H4)
The price action on the H4 timeframe successfully formed a lower high but shifted the trend after breaking out of the compression pattern and its neckline. 📈
Currently, it is consolidating within its horizontal support region. The price action needs to reclaim this support level to confirm a continuation of the upward movement 🔄
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-7.26% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲[VIP ONLY]
🔴SHORT
💲[VIP ONLY]
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📌INSIDER UPDATE
🚨🚨 Warren Buffett’s Berkshire Hathaway, $BKR.A, has dumped $6.2 billion in Bank of America, $BAC, stock in under 2 months
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VIP UPDATE
Chances of Winning the U.S. Presidential Election:
Donald Trump: 52%
Kamala Harris: 48%
(According to recent polls and prediction markets)
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Bitcoin Bullets® Trading
📌$LQTY/USDT (LONG)
Leverage: 5-10x
0.7115
0.7200
Profit: 46.1% (10X)🥂🔥
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Ripple CEO: Japan's Leaders Committed to Advancing Crypto and Blockchain Technology
Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the meeting focused on maximizing Japan’s capabilities through blockchain
$BTC Market Analysis
BTC is currently trading within an ascending triangle pattern on the weekly timeframe, indicating a potential continuation of its existing trend. The price is now approaching the support trendline, which has historically provided a foundation for upward moves.
Traders often expect price movement to continue within this structure until a breakout or breakdown occurs. A breakout above the resistance level may signal a bullish continuation, potentially leading to a significant price surge. Conversely, a breakdown below the support trendline could indicate bearish pressure, potentially leading to a downward move.
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Bitcoin Bullets® Trading