Bitcoin Bullets® Market Analysis
August 3, 2024
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⚪️TECHNICAL (1D)
Bitcoin is currently showing signs of regaining momentum from the horizontal support level of $60,000. A bullish candlestick formation at this juncture would indicate a potential reversal from the existing support level. However, if BTC fails to hold this support and breaks down below $60,000, it could signal the continuation of a market correction.
⚪️WRAP-UP (VIP)
BTC is rebounding from the $60K support. A bullish candle here signals a potential reversal. If it breaks below $60K, further market correction is likely.
$BTC DAILY RANGE:
📈Upper Limit: 65500
📉Lower Limit: 60500
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲58000
🔴SHORT
💲65000
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Bitcoin Bullets® Trading
📌$DENT/USDT (LONG)
Leverage: 5-10x
TARGETS
0.000984✅
0.00100✅
Profit: 30.9% (10X)🥂🔥
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- Bitcoin Bullets® Trading
$RLC Market Analysis
The price action of $RLC on the daily timeframe is consolidating at its horizontal support level within the descending triangle pattern.
The price action might bounce back from this demand zone as there is an upward candle imbalance level. 📈
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Bitcoin Bullets® Trading
📌$RLC/USDT (LONG)
Leverage: 5-10x
ENTRY
1.45 to 1.604
OTE: 1.53
TARGETS
1.62
1.65
1.68
1.75
2.1
2.7
3.5
SL
1.4
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- Bitcoin Bullets® Trading
$CTSI Market Analysis
The price action of $CTSI on the H4 timeframe is currently consolidating at its horizontal support level, marked between $0.1355 and $0.1336.
We might see a bounce back from this level 📈.
However, if the price action breaks down this support, we could expect it to reach our lower entry levels.
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Bitcoin Bullets® Trading
📌$ONG/USDT (LONG)
Leverage: 5-10x
TARGETS
0.332✅
0.345✅
0.355✅
0.37✅
Profit: 134.3% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$BAND/USDT (LONG)
Leverage: 5-10x
TARGETS
1.42✅
1.44✅
1.46✅
1.57✅
Profit: 207.7% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$ONE/USDT (LONG)
Leverage: 5-10x
TARGETS
0.01495✅
Profit: 107.4% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$BICO/USDT (LONG)
Leverage: 5-10x
ENTRY
0.26 to 0.2965
OTE: 0.28
TARGETS
0.301
0.308
0.318
0.33
0.37
0.48
0.60
SL
0.245
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- Bitcoin Bullets® Trading
$COTI Market Analysis
The price action of $COTI on the H4 timeframe, after forming an ascending channel pattern, is breaking down its support trendline but still consolidating at this support level.
If the price action successfully breaks down and retests below this level, we could see a drop in the price action 📉.
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Bitcoin Bullets® Trading
📌$RLC/USDT (LONG)
Leverage: 5-10x
TARGETS
2.04✅
Profit: 16.9% (10X)🥂🔥
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- Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
July 30, 2024
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⚪️TECHNICAL (1D)
BTC recently faced rejection at the trendline resistance and subsequently experienced a correction. Currently, it is trading above the horizontal support. For a strong bullish confirmation, bulls need to break out above both the trendline and the horizontal resistance. Conversely, if there is a breakdown, a retest of the horizontal support may occur, potentially leading to further correction.
⚪️WRAP-UP (VIP)
BTC was rejected and corrected at trendline resistance. It is now above horizontal support. Bulls need to break the trendline and horizontal resistance for confirmation. A breakdown may lead to a retest and further correction.
$BTC DAILY RANGE:
📈Upper Limit: 70100
📉Lower Limit: 65800
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64000
🔴SHORT
💲73000
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Bitcoin Bullets® Trading
$XVS Market Analysis
The price action of $XVS on the daily timeframe 📅 is consolidating above its horizontal support level after breaking out of the resistance trendline of the pattern.
There are candle imbalances left, which are expected to be filled after a retest at this level.
This could provide further direction for the price movement 📈.
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Bitcoin Bullets® Trading
📌$XVS/USDT (LONG)
Leverage: 5-10x
ENTRY
6.5 to 7.63
OTE: 7
TARGETS
7.75
7.85
8
8.3
10
12
15
18.5
SL
6.06
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- Bitcoin Bullets® Trading
📌$ONG/USDT (LONG)
Leverage: 5-10x
TARGETS
0.332✅
0.345✅
0.355✅
0.37✅
Profit: 134.3% (10X)🥂🔥
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- Bitcoin Bullets® Trading
$IRIS Market Analysis
The price action initially broke out of the resistance trendline level but then re-entered the channel's territory.
Currently, it is consolidating above its support level, indicating that another breakout could potentially occur from this level. 🚀
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Bitcoin Bullets® Trading
📌$BAND/USDT (LONG)
Leverage: 5-10x
TARGETS
1.42✅
1.44✅
1.46✅
1.57✅
Profit: 207.7% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$ZRX/USDT (LONG)
Leverage: 5-10x
TARGETS
0.37✅
0.38✅
0.40✅
Profit: 310.6% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$WAXP/USDT (LONG)
Leverage: 5-10x
TARGETS
0.0353✅
0.036✅
0.038✅
0.040✅
0.045✅
Profit: 295% (10X)🥂🔥
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- Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
August 1, 2024
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⚪️TECHNICAL (4H)
Bitcoin is currently gaining momentum from the support/resistance (S/R) level. As long as BTC continues to trade above this critical S/R level, we can expect an upward move, indicating a bullish market trend.
However, if BTC experiences a breakdown and retests the S/R level, it could signify a potential market correction. This breakdown would suggest a shift in market sentiment, possibly leading to a period of consolidation or a bearish trend.
⚪️WRAP-UP (VIP)
BTC is gaining momentum from the S/R level. An upward move is expected as long as it trades above this level. A breakdown and retest could lead to a market correction.
$BTC DAILY RANGE:
📈Upper Limit: 66900
📉Lower Limit: 63500
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲62000
🔴SHORT
💲70000
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Bitcoin Bullets® Trading
📌$CTSI/USDT (LONG)
Leverage: 5-10x
ENTRY
0.13 to 0.141
OTE: 0.135
TARGETS
0.143
0.146
0.15
0.16
0.19
0.21
0.28
SL
0.12
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- Bitcoin Bullets® Trading
$BICO Market Analysis
The price action of $BICO on the daily timeframe is currently respecting its demand zone, suggesting a potential bounce back.
If this happens, we might see the price test its horizontal resistance region 📈.
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Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
July 31, 2024
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⚪️TECHNICAL (1D)
Bitcoin faced a fifth rejection while attempting to break out of the descending trendline. Currently, it is holding above the horizontal support. For a bullish confirmation, the bulls need to successfully break through the trendline resistance. If the horizontal support is retested and fails, a correction is likely to follow.
⚪️WRAP-UP (VIP)
BTC faced a fifth rejection at the descending trendline and is holding above horizontal support. Bulls need to break the trendline resistance for a bullish signal; otherwise, a breakdown could lead to a correction.
$BTC DAILY RANGE:
📈Upper Limit: 67000
📉Lower Limit: 65000
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲63500
🔴SHORT
💲72000
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Bitcoin Bullets® Trading
📌$ALT/USDT (LONG)
Leverage: 5-10x
TARGETS
0.155✅
0.157✅
0.16✅
Profit: 51.2% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$COTI/USDT (SHORT)
Leverage: 5-10x
ENTRY
0.12 to 0.1108
OTE: 0.115
TARGETS
0.109
0.107
0.101
0.097
0.089
0.074
0.060
SL
0.126
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- Bitcoin Bullets® Trading
📌$LQTY/USDT (LONG)
Leverage: 5-10x
ENTRY
0.7 to 0.85
OTE: 0.77
TARGETS
0.86
0.87
0.91
0.95
1.1
1.5
2.2
SL
0.65
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- Bitcoin Bullets® Trading
📌$WAXP/USDT (LONG)
Leverage: 5-10x
TARGETS
0.0353✅
0.036✅
0.038✅
0.040✅
0.045✅
Profit: 295% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$POWR/USDT (LONG)
Leverage: 5-10x
TARGETS
0.217✅
0.22✅
0.24✅
Profit: 119.9% (10X)🥂🔥
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- Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
July 29, 2024
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⚪️TECHNICAL (1D)
Bitcoin is breaking out of the symmetrical triangle and approaching its all-time high horizontal resistance. A breakout, followed by a retest of the triangle and a candle close or retest above the all-time high, would confirm a bullish trend. However, if rejected, a correction is likely.
⚪️WRAP-UP (VIP)
Bitcoin is nearing all-time high resistance after breaking out of the symmetrical triangle. A successful retest above this level confirms bullish momentum, while rejection could lead to a correction.
$BTC DAILY RANGE:
📈Upper Limit: 69888
📉Lower Limit: 67000
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲66000
🔴SHORT
💲72500
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Bitcoin Bullets® Trading
$BAT Market Analysis
The price action of $BAT 📉 on the daily timeframe is consolidating within a descending triangle pattern.
It has broken out of its trendline but has yet to retest above that level. A successful retest could signal a potential increase in momentum for $BAT's price action 📈.
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Bitcoin Bullets® Trading