#BTC Analysis
1. After breaking the previous support as mentioned in the chart BTC almost fell -6.6%.
2. BTC has corrected more than -20% from the last swing high where all the major buyer are trapped around 49000 level.
3. BTC will try to take support at first support zone which is around 35500-39050 and it is shown in the chart. If it breaks then it will take support at second support zone which is around 31665-34230.
#OMG 🚀 Big Picture Price Update: January 21, 2024
Good news for OMG! It broke out of a downtrend and is now on an upward trend. In the long run, it could reach 6.27$.
Here are some positive signs from the chart:
A rising 20-day average, suggesting bulls are in control.
A bullish divergence between price and RSI, showing momentum for the bulls.
A bullish Engulfing pattern on the daily chart, indicating bullish control.
According to Elliott Wave theory, OMG might be in the early stages of a five-wave uptrend. This could mean another rise to $1.00 or even $1.50 before a wave 3 correction.
Key levels to watch:
Support: 0.8278 (breakout level).
Resistances: 0.9000, the 50-day average.
Overall, the OMG chart looks bullish. Traders, keep an eye out for buying opportunities at 0.725 or lower.
#TraderCash 💰
#BTC Update
as I have given this setup without SL I will of course give you updates.
we still have a range here as you can see in the screenshot on the left side and the bottom blue line is the Value Area Low (VAL) where our TP1 is.
BTC has formed a failed auction with this drop and these are usually often lucrative to trade hence my setup.
But what can happen is that it can make another retest of the 40969$ area and make people look like it will continue to dump.
of course this is not always 100% as we only trade possibilities i would set a hard SL slightly below the last drop if it takes a different turn but i let you know that.
Cheers
#TraderCash 💰
#BTCUSD analysis
After the breakout and trapped in 49000 level, Price taken support around 41500 and if it fails to hold that support then it could go down.
APT / USDT
We have bull flag formation
1 hr 50 EMA at 9.5$
Once price hold this level we can expect a price pump from here upto 10.9$
Keep an eye on it.
Expecting Etherum Ecosystem to explode incoming days. I have a watchlist of Chad ❤️🔥
$ETH projects and all levels already market 😁. Do you need a Guide on these to where we accumulate and where we have to sold?
🏆—>> For Yessssssssssssssss
#TraderGauls⚡️
BTC ETF is finally approved
We've seen 2 waves of pump post-approval
1st wave = ETH beta coins
2nd wave = Alt L1s and usual strong coins of the last 3 months
BTC.D down a lot, both because of ETH and alts pumping
#LDO is small brother of ETH
#MATIC is cousin as L2 solution
In addition to their new girlfriend #SSV
This mix is powerful, must have in wallet
$KAVA I’m being deep in it since the call. It’s a manipulation coin but I think it’s going to go big at any moment.
Читать полностью…The market is highly leveraged.
And for ten days, that has been the case.
A brief explanation
All altcoins have high funding rates.
This indicates that buyers are most likely using leverage because they are purchasing on perps rather than spot.
Since there could be a chain reaction of liquidations in the event of a decline, it is less healthy than if everyone was purchasing spots.
By the way, this implies that you can short on perks and get paid 50% APR for purchasing space.
Place orders below 30 to 50% if you're lucky then you can catch it 👍.
Exciting developments are on the horizon for the world of cryptocurrency and investment. Take a look at this latest update regarding the SEC's potential move on Bitcoin ETFs.
Читать полностью…Over view of the previous the week:-
- $BTC and $ETH at the bottom of their range, red week for altcoins. We are in a PvP market, post-ETF hangover phase
- Strong week for the NFT market lead by Pudgy Penguins (floor price almost 2x'd to 20 ETH). $BLUR (+7%) benefits from it too
- Solana memecoins remain hot : $WIF $MYRO
- A few oracle coins are having cartel-like brutal pumps: $UMA $API3 $RLC
- Most ETH beta coins underperformed besides $PENDLE (+37%, restaking narrative?) and $MAV (+13%)
- New coin launches $MANTA and $ONDO are both doing well
- $DOGE pumps in anticipation of the XPayments launch
➡️IOTX shows symmetrical triangle; potential breakout indicates upside momentum.
➡️Price maintains above 60 SMA, suggesting positive trend strength.
➡️A breakout from the pattern could lead to a 20%-30% price increase.
Last week we bought #SQR at 0.48
Now its at $0.73, already up 60%
Keep fully open, expecting x10 in next months, good project and backed by many strong ventures
These are the ideal prices , I would like to buy into my spot bags .
#theflyingtrader🛩️
Over view of the previous the week:
- $BTC ETF is approved. Market started selling off after the first 30 min of ETF trading and BTC stands at around -15% drawdown from its recent highs
- The BTC -> ETH rotation started as soon as the fake ETF approval news got out. ETHBTC is up +24% from its bottom
- ETH beta coins followed $ETH, the best performers have been : $ENS $ETC $BLUR $PENDLE $ARB
- $SUI is up +60% this week. One of the rare major alt L1s that did not have a significant pump yet
- Solana memecoins are hot again : $BONK $WIF $MYRO
#Btc
Following the recent breakout near the resistance zone, buyers found themselves trapped in BTC around the $49,000 price level. Since reaching the swing high of $49,048, BTC has experienced a significant decline, falling by approximately 15.37%.
Additionally, from yesterday's high to low, BTC has undergone a correction of about 10.76%. It's noteworthy to mention that the last time BTC saw a correction exceeding 10% was on November 9, 2022.
$SUI break-out is very likely to happen here.
- Enter the break-out (take risk)
- Enter the retest is more safer (but it may miss the pump)
#FTT
Breaking below the box and it's good for a sell position.
*Trade at your own risk due to possible high volatility of the market
#BITCOIN UPDATED (CONTINUOUS)
️Bitcoin price try to break 45,000 resistance level but it got rejection and price is now going down.
️Next important support is near $43,000. A breakdown of this level could send the price near $42,300.
️Altcoins are bleeding. We can took some strong coin for long term. You can buy some Matic , Op , Arb , Link. These coin can give you good profit in future
Stay tuned for more info!!!
No one can stop bull exclusive in this bull run . 🚀🚀 ,
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Exactly happened 👍 .
I hope everyone made orders below 30 to 50% because this is known as the "chain reaction of liquidations."
#ADA/USDT printed a bullish pennant on daily timeframe
Send it if we break out of the one
Greetings for the New Year to our Drvkich crypto family! May everyone of you continue to be illuminated by the torch of prosperity. Cheers to a year filled with successful transactions, strategic revelations, and mutual achievement. Your cryptocurrency adventure should provide you joy and fulfilment as your portfolios grow! 🚀🎉
Happy New Year to you and your family once more. Always stay healthy like a stop loss 😄👍.
#BTC is currently consolidating within a Triangle formation, and an upside Breakout Could Send Bitcoin to 48k.
Читать полностью…