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#Bitcoin nearly did what we were anticipating. Price broke the resistance area before news and dumped after the news, which eventually turning the move into fakeout now. That's a heavy drop and slides below the 4H support around $27,000. Currently, price is in a pull-back and may reject again from $28,000 resistance.
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Here's the analysis of #MAGIC :
#MAGIC is been trending and making Higher Highs and Higher Lows. Price is about reach out the resistance area of $2.114 - $2.151. Looking onto the supporting trendline, price may fell lower. You can take a shot with additional confirmation after breaking support around $1.71.
#LQTY broke of the falling wedge pattern, now its kinda ranging. Well, a range breakout will decide the next shorts move. For buys, wait for the price flip above resistance of $2.54 - $2.59.
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Here's is the analysis of #MASK :
#MASK aggressively jumped higher and be been trading inside the falling wedge pattern and reached towards the major support zone of $5.25 - $5.34. This doesn't means buy as on 4H TF it more looks like sellers is in control. Wait for the bullish candle rejection in 4H TF or incase of price flips below, you can take shorts.
What Is Range-Bound Trading ?
Range-bound #strategies refer to methods by which traders capitalize on a market that’s moving sideways — also known as a sideways market. For example, users trading in sideways conditions will repeatedly buy an asset low at the resistance level, and then sell it high at the support level.
Crypto traders take advantage of sideways markets by identifying the major #support (low price) and #resistance (high price) levels. Assets at the support level trend line offer an optimal chance to buy low, while #traders sell high when assets reach the resistance trend line. This area where prices oscillate back and forth is called the #range, also known as the price channel.
Let’s say an #asset has routinely moved between $23,000 and $25,000 over the past few days. Traders using a range-bound strategy would buy the asset at $23,000 (support) and sell the asset at $25,000 (resistance).
The upside is significantly lower than timing a #breakout but markets don’t permanently trend in one direction. Sometimes, the market will pause and move #sideways before continuing its prior trend. On the other hand, the market may be in a period of indecision before the #opposition forces a reversal.
#Bitcoin caught up in a Consolidation Range as it failed to break the structural highs. Currently, price sitting above the supporting trendline and a break below will lead in minor drop till support area. Nothing much as of now, until it break any structural Highs or Lows.
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#BITCOIN So Far 70%+ from #YTD beating #GOLD, #NASDAQ and #S&P500 🚀🚀🚀
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#DXY Analysis :
#DXY rejected from the resistance area around 3 weeks ago at 104.87% - 105.18%. Market is booming as the #DXY weakening and expected to reach out the major support at 101.63% - 101.94%. Minor support nearby 103.15%, you can take setups in between and be alert at these levels. Also, #FOMC meeting and several fundamentals news coming along this week, we can see some highly volatile moves 📈📉
Hello Members, the next official Kucoin Mega Bull Call will be planned for:
- Date: Sunday, March 26th
- Time: 16:00 GMT
- Exchange: Kucoin.com
With lots of time to plan, we're delighted to announce the upcoming Kucoin Mega Bull. Our members count has greatly increased, the crypto market is expanding, and the pumping scene is ready. Right now, there are many excellent opportunities in the market, which makes it the perfect time for a Mega Bull Call. With over 1 million unique users across our entire network, we anticipate a volume of over $2 million and an increase of +1000% for our upcoming Mega Bull Call.
BTC has done major breakouts of the large falling wedge and the inverse head and shoulder with a successful retest. A massive bull run is predicted by the growing bullish volume, the golden crossover, and the active buy signals from the hash ribbons. Hence, this is the best time for our next Huge Call!
Global traders are taking notice and will be ready to participate in this Sunday's Mega Bull Call. We'll share more data, guides, and updates in a upcoming days to ensure everybody is completely ready, pin our channel on top.
Here's an important guide on Kucoin Mega Bull Call ⤵️
https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Stay tuned 😊
#Bitcoin hash rate just casually reaching new all-time highs week after week 🚀🚀
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#BITCOIN WEEKLY UPDATE :
#BITCOIN strongly rejects the support with the pin bar Candlestick pattern and broke above the resistance too. Price needs a close above candle with big body, which can be anticipated to push till $29,950 - $30,100 level. In between, $20,800 - $29,350 will be the rejection area.
What's Pin Bar Candlestick Pattern ?
A Pin Bar candlestick is a price action pattern in technical analysis that can indicate a potential trend reversal in financial markets. It is formed when the price of an asset opens and trades lower or higher during the session, only to reverse #direction and close near or above/below the open price, leaving a long wick or shadow on one side of the candlestick and a small body on the other.
The long wick or shadow represents a #rejection of the price by the market at that level, indicating that buyers or sellers stepped in and pushed the price in the opposite direction. This can signal a shift in market sentiment and a potential reversal of the trend.
#Traders often use Pin Bar candlesticks in combination with other technical indicators and analysis to make #trading decisions, such as #entering or #exiting a trade, setting stop-loss orders or taking profits.
Hello members, to celebrate our upcoming Kucoin Mega Bull Call session we are annnouncing probably the biggest giveaway for our community. All biggest crypto groups coming together to help our community and a total of $10,000 will be given to eligible participants.
Join the bot @Biggestgiveawaybot and get your unique referral link. Share the link with your friends, family and on your social networks.
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The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
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Here's the analysis of #XMR :
#XMR is been up again over the strong resistance level of $154 - $155 and kinda rejecting now. Well, #Bitcoin is looking very bullish now, so this level might gonna break soon. Nothing here as of now, wait for the range break or resistance breakout.
#FED data Released and a 25 BPS is been increased. #Bitcoin did positive reaction to the news but eventually dumped or manipulation happened. Overall, market is getting normal now, let's wait for volatility to settle down 📉
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#TOTAL Market Cap Update :
Index did take time, but Market Cap entered the major resistance zone of $1.129T - $1.198T, as mentioned. Now, most likely it gonna rejected from here as this is a major level and LTF, making very corrective moves. Alternatively, a Consolidation is expected inside the zone and support at $1.10T.
#BTC still moving in a range, didn't gave aggresive move yet. Now, price reached up till the Higher High/ top area of the consolidation range. The area is acting as heavy resistance around $28,250. On hourly TF is very correctively moving, so this might reject from here.
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The amount of #Bitcoin's supply held by entities with less than 10 #BTC continues to reach new highs 🚀🚀🚀
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#STX failing to break the resistance zone of $1.20 - $1.23 with heavy sell-pressure. Price build a pin bar Candlestick and rejected. This is a no trade zone now, you can enter with momentum, if price aggresively break the resistance or break below support area of $1.03 - $1.06
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Here's the analysis of #LQTY :
#LQTY is slides below the support zone of $2.543 - $2.597 and moving lower after testing it as resistance. Price is following the falling wedge pattern, in which breakout is still pending. No setups as of now, better wait for the price to either breakout for longs and break-below for shorts.
#Bitcoin Surpasses Multiple Price Bands for Support Level and it is the first time in over 250 days that the price of #Bitcoin is going to close above multiple important price bands.
The fact that Bitcoin is rising above these levels is important because it provides a bullish perspective for the coming weeks
#Bitcoin did gave an another push, nearly entered a rejection area. Price breaking out resistance zones and Weekly also close strongly bullish, so anticipation would be same nearly $30,000. Just ride the alts trend and manage the stops the running positions.
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Here's the analysis of #STX :
#STX took a small reaction from the resistance area of $1.202 - $1.237 and likely to drop till support around $1.036 - $1.068. Market is very bullish at this point to we can see potential buys over support. In case price flip above the resistance then we can see potential push till $1.545.
What is Chart Patterns in Trading ?
Chart patterns in trading refer to a recognizable #pattern that forms on a price chart that can provide information on the direction of the market, trend, and potential price movements. They are visual representations of the supply and demand dynamics of an asset in the financial markets. There are many different types of chart patterns, including but not limited to #Head and Shoulders, Double/ Top Bottom, #Triangle Pattern, #Cup and Handle, #Flag and Pennants.
The different types of chart patterns each have their own #characteristics and implications. For example, the head and shoulders pattern typically consists of three peaks, with the #middle peak being the highest, and is used to identify potential trend reversals from bullish to bearish. The double top/bottom pattern consists of two peaks or valleys and can signal a potential #trend reversal or #continuation, depending on the direction of the pattern.
Chart patterns can be used in #conjunction with other technical analysis tools and indicators to make trading #decisions, such as #entering or #exiting a trade, setting stop-loss orders or taking profits.
#YFI continues the push and made a high of $9186, which is around 12% in profits and i hope you secured some major partials. Price nearly rejected from the resistance, so it can retracement back to support now.
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#ETH Analysis :
#ETH flipped above the major resistance zone of $1700 - $1770 and now acting as major support area. Price is more likely to make a new Higher High and next resistance would be $1880 and higher. Overall, market looks good, so better look for opportunities.
#Bitcoin still continues the pump with the fundamental news events and as per technicals, price can take a retracement now. Also, its about to reach an rejection area looking left around $28,600.
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Here's the analysis of #EGLD :
#EGLD just flipped the major resistance level of $41.10 - $41.50 and on it verge to take it as support zone. Price action is kinda messy in now. But looking at overall market conditions, which is bullish. Potential buys can come from major support only.
#YFI bounced from the area as anticipated and gave a minor bounce around 6-7% in profits. Move stops at Breakeven and hodl the positions.
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