Bitcoin Bullets® Market Analysis
February 7, 2024
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⚪️TECHNICAL (1W)
Bitcoin is currently in a consolidation phase, situated below a key horizontal resistance level while trading above a descending trendline. A breakout beyond this horizontal barrier would signal a bullish trend, potentially indicating further upward momentum for the cryptocurrency.
⚪️WRAP-UP (VIP)
A breakout beyond the horizontal barrier could signal a bullish trend, offering the possibility of further upward momentum. Yet, until such a breakout occurs, Bitcoin remains in a state of flux, as market participants await the next chapter in its price saga.
$BTC DAILY RANGE:
📈Upper Limit: 43400
📉Lower Limit: 42574
(+-9% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲41000
🔴SHORT
💲45000
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Bitcoin Bullets® Trading
📌$TRB/USDT (LONG)
Leverage: 5-10x
STATUS UPDATE
Expected price action, make sure to have entry and take profit orders in place for this position. The market is expected to see further volatility meaning tight risk management should be in place at all times.
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- Bitcoin Bullets® Trading
📌$XRP/USDT (LONG)
Leverage: 5-10x
TARGETS
0.5116✅
0.52✅
0.53✅
Profit: 54.5% (10x)🥂🔥
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- Bitcoin Bullets® Trading
📌$TRB/USDT (LONG)
Leverage: 5-10x
Breakout
ENTRY
107 to 113.9
OTE: 112
TARGETS
115
118
120
125
130
135
140
150
166
SL
102
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- Bitcoin Bullets® Trading
VIP NEWS
FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $1.47 billion to upwards of $2.4 billion, FTX is navigating its Chapter 11 bankruptcy with this strategic asset liquidation. This sale marks a pivotal step in FTX’s efforts to maximize returns for creditors from its high-value, illiquid assets.
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- Bitcoin Bullets® Trading
📌$GRT/USDT (LONG)
Leverage: 5-10x
TARGETS
0.1567✅
0.158✅
0.16✅
Profit: 32.3% (10x)🥂🔥
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- Bitcoin Bullets® Trading
📌$C98/USDT (LONG)
Leverage: 5-10x
STATUS UPDATE
Expected price action, make sure to have entry and take profit orders in place for this position. The market is expected to see further volatility meaning tight risk management should be in place at all times.
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- Bitcoin Bullets® Trading
📌INSIDER UPDATE
FTX seeks permission to speedily sell 8% stake in Anthropic
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Bitcoin Bullets® Trading
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VIP NEWS
SEC Charges American Bitcoin Academy Founder With Fraud That Cost Students $1.2 Million
The U.S. Securities and Exchange Commission (SEC) has charged the founder of American Bitcoin Academy, accusing him of running an online fraudulent crypto scheme that cost students $1.2 million. The defendant “falsely claimed that his investment strategies would be guided by his own ‘artificial intelligence’ and ‘machine learning’ technology which, like the fund itself, never existed.”
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- Bitcoin Bullets® Trading
📌INSIDER UPDATE
BTC performance is behaving like that of the past 2 cycles, as the current halving cycle is ending with the fourth halving anticipated to happen in mid to late April 2024
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Bitcoin Bullets® Trading
$API3 Market Analysis
The price action of $API3 on weekly timeframe level is successfully filling out its Candle Imbalance level which is marked between the $3.024 - $2.213 level and heading towards its another candle Imbalance level
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Bitcoin Bullets® Trading
VIP NEWS
Solana Mobile's ‘Chapter 2’ Crypto Phone Surpasses 60,000 Preorders
The crypto community has shown remarkable support for Solana Mobile’s upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025.
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- Bitcoin Bullets® Trading
📌INSIDER UPDATE
Coinbase holds nearly 40% of BTC liquidity in the US, followed by Kraken (33%) and Bitstamp (9%)
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Bitcoin Bullets® Trading
$CHR Market Analysis
The price action on the weekly timeframe level is consolidating within its Horizontal Resistance level which is marked between the $0.3469 - $0.2539 level where the price action is going through a compression level which is trying to break out its resistance level and flipping it into the support level.
If the price actions flip it into the support level it can show us the further upward movements after its lower down level
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Bitcoin Bullets® Trading
📌$GRT/USDT (LONG)
Leverage: 5-10x
TARGETS
0.1567✅
0.158✅
0.16✅
Profit: 32.3% (10x)🥂🔥
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- Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
February 6, 2024
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⚪️TECHNICAL (1W)
BITCOIN is currently testing the horizontal resistance level, signaling a potential breakout. Additionally, it is trading above the ascending trendline of a rising wedge pattern. A breakout followed by a retest of the horizontal resistance often serves as a bullish confirmation. Conversely, if the price retreats back into the rising wedge, it could indicate a corrective phase in the market.
⚪️WRAP-UP (VIP)
Traders should continue to monitor these technical indicators for confirmation and adjust their strategies accordingly.
$BTC DAILY RANGE:
📈Upper Limit: 43600
📉Lower Limit: 42200
(+-9% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲41000
🔴SHORT
💲45000
➖➖➖➖➖
Bitcoin Bullets® Trading
📌INSIDER UPDATE
Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets24
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Bitcoin Bullets® Trading
$PEOPLE Market Analysis
On H4 timeframe level the price action of $PEOPLE is consolidating at its Horizontal Support level after forming out descending triangle pattern level where the price action has reached out its crucial support where it has to hold out this region level which is marked between the $0.02674 - $0.02471 level
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Bitcoin Bullets® Trading
📌$QTUM/USDT (SHORT)
Leverage: 5-10x
TARGETS
2.791✅
Profit: 13.4% (10x)🥂🔥
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- Bitcoin Bullets® Trading
VIP NEWS
'Wolf Of All Streets' Explains Bitcoin Halving Could Send BTC to $240,000
Scott Melker, also known as the “Wolf Of All Streets,” has explained why the upcoming Bitcoin halving could push the price of the cryptocurrency to $240,000. Noting that in the last halving cycle, bitcoin’s price went from the $20,000 high to the $69,000 high, he stressed that it’s an appreciation of 250.86%. If a similar trend occurs, he said, “we’re looking at bitcoin around $240,000.”
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- Bitcoin Bullets® Trading
📌$XRP/USDT (LONG)
Leverage: 5-10x
TARGETS
0.5116✅
0.52✅
0.53✅
Profit: 54.5% (10x)🥂🔥
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- Bitcoin Bullets® Trading
$C98 Market Analysis
The price action of $C98 on weekly timeframe level is consolidating between its Horizontal Support and Resistance level which can show us that the price action can reach out its Horizontal Support level again
Whereas, On daily timeframe is respecting out its Horizontal Support level which has to be hold out in order to see the upward movements
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Bitcoin Bullets® Trading
📌$WLD/USDT (LONG)
Leverage: 5-10x
TARGETS
2.40✅
2.42✅
2.45✅
2.50✅
2.65✅
Profit: 116.7% (10x)🥂🔥
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- Bitcoin Bullets® Trading
📌$C98/USDT (LONG)
Leverage: 5-10x
Holding above the S/R level.
ENTRY
0.22 to 0.229
OTE: 0.2225
TARGETS
0.2314
0.2340
0.2370
0.245
0.25
0.255
0.26
0.268
SL
0.2122
➖➖➖➖➖
- Bitcoin Bullets® Trading
📌$GRT/USDT (LONG)
Leverage: 5-10x
TARGETS
0.1567✅
0.158✅
0.16✅
Profit: 32.3% (10x)🥂🔥
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- Bitcoin Bullets® Trading