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#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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#Price broke the $25,000 resistance level. There is possibility of more upside. Market is looking strong. US and European banks are tanking and money will flow into Bitcoin and crypto.
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Сhanges in different types of $BTC wallets (from whales to Shrimps). This shows distribution of BTC over time from Whales to small investors.
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#Bitcoin on 4H TF gave a close below candle and kinda ranging now, Price is being slowed down and hovering over the minor support zone/ hourly area. Also, price is trying to sustain above the $24,000 mark.
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How to Draw a Perfect #Resistance Line ?
1. Identify the trend: Look for a series of Lower Lows
2. Plot the line: Connect two or more significant price points using a straight line tool.
3. Extend the line: Project the line into the future to act as a potential Resistance.
4. Confirm the trend: Look for the price to continue to respect the trend line by testing and staying below it.
Note: Trend lines are just a visual representation and are not always accurate, so it's important to use other technical indicators and analysis in conjunction with trend lines. Also, trendline may and may no be prefect to draw, so you've to adjust with experience.
#BTC make a new Higher High, irrespective of market conditions and flips the level of major resistance to major support area and dropped back immediately to retest the support. Price kinda taking rejection over it, which can be anticipated as to form a new Higher High.
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Here is the analysis of #ALICE:
Price made a rounding bottom and now reached the hourly resistance. This is no trade zone and wait for a better entry. If the price rejects from the resistance zone then we see a retracement toward the $1.45-$1.50 support zone.
#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.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.
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.
Binance Will Delist HNT and WABI on 2023-03-24
https://www.binance.com/en/support/announcement/binance-will-delist-hnt-and-wabi-on-2023-03-24-f1a8aa29692b4442a8f18be2076e14a0
Here is the analysis of #YFI:
The price is trading near the support zone. A break of this support brings bearish movement and sends the price to the next support zone of $6524-$6732. A bounce from here is expected toward the $9500-$9600 zone. Use tight stop loss for long positions.
#ALICE rejected strongly from the strong resistance zone and did the retest. If you took the entry at retest. then will be a great one. Currently, price hovering below the hourly resistance area, which can lead in further bearish continuation.
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Here's the Analysis of HOOK :
#HOOK is been rejecting the major support zone of $1.824 - $1.836. Price having strongly bearish momentum , which might lead in breaking the zone. You can take shorts in case of break-below with partials at Minor Support. Alternatively, a strong bullish candle rejection will lead in long positions.
#TWT gave easy shorts with the break and close below, there's a delay in the update, but we got some easy in and out with around 15% profits. I hope you did take it and enjoyed 💪
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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.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.
How to Draw a Perfect #Trendline ?
1. Identify the trend: Look for a series of higher highs .
2. Plot the line: Connect two or more significant price points using a straight line tool.
3. Extend the line: Project the line into the future to act as a potential support.
4. Confirm the trend: Look for the price to continue to respect the trend line by testing and staying above it.
Note: Trend lines are just a visual representation and are not always accurate, so it's important to use other technical indicators and analysis in conjunction with trend lines. Also, trendline may and may no be prefect to draw, so you've to adjust with experience.