This chart leaves no room for doubt. Binance Coin (BNBUSDT) closed red three months straight and is now trading red for the fourth consecutive month.
The action is happening below $523 which is the 0.382 Fib. retracement level for the entire bullish wave that started October 2023. This is an important level. While BNB trades below it, the bearish bias remains quite strong.
- A descending triangle is present on the chart but already broke bearish.
Last month, BNBUSDT removed all support with a long lower wick that hit as low as $400.
If there is another drop, as the chart is showing, prices can reach as low as $300 - $333.
While this is a negative development in the short-term, it would be followed by a strong, long-term recovery.
The chart is bearish and pointing down; stay away unless you are short.Remember, things will get bad when the final down-leg starts to unravel and this will happen really soon. But do not get caught in the panic, this is a normal process that the market goes through at each cycle. It moves up and down, up and down; nothing new truly, it is as normal as it gets.
While the market will overreact, as usual, there is no need to panic because corrections tend to remove what isn't working and this is good for the long-term.
- Just make sure that you are protected, mentally and financially.
Bitcoin is heading for a massive bear market in 2024/2025! If you are new to crypto, you may miss information about usual Bitcoin volatility; precisely, Bitcoin crashes by 80% - 90% every 3rd year. Of course this is not natural, it's caused by tremendous manipulation by Cabal (banks, governments, world's organizations (WEF, WHO, etc...). They all work together while giving you an illusion. Of course their goal is to enslave humans with nanotechnologies, artificial intelligence, a neurolink from Elon Musk (that will be connected to your brain), a credit score system, and 1 world digital currency (Bitcoin), forced jabs, etc... All these technologies are completely incompatible with the human body and cause massive depression, anxiety and cancer. In today's world, we can already see how many people are in a depression state by these technologies.
They will not tell you that every human naturally possesses strong abilities, such as Telekinesis (move objects with your mind) or Telepathy (you don't really need to use your phone to communicate over long distances). There are natural abilities that every human can do without exception. And I don't want to talk about magic powers, leaving your physical body during sleep (astral travel) or meditation, maybe in the next post. These are abilities the Cabal doesn't want you to use. On the weekly chart, we can see that Bitcoin is heading downward, I expect 28k to be hit in 2025. Of course markets move in waves, and we have many minor levels on the way down. We have the 100 and 200 weekly moving averages at the same place, 0.382 FIB retracement, fair value gaps, and 0.618 FIB retracement. I will keep you updated once we reach these important levels!
O Trade active. 16h ago
Today Bitcoin pumped a little bit on the 1H chart, really the best opportunity to sell if you haven't already. Let's take a look at the GBTC chart, and what we can see is that the bull flag already broke down! Grayscale is the world's largest digital currency asset manager.#CryptoMarketMoves #btc #bitcoin $BTC #Write2Earn!
My dear follower, it is truly my pleasure to be able to share another moment with you. We have many charts, many options to choose from, but nothing creates so much curiosity like Bitcoin. Nothing creates so much anticipation and doubt, as to what will happen next, like Bitcoin. Nothing is more interesting than Bitcoin, because we are all financially involved.
Well, we are not all financially involved... If we are not, we hope to be one day.
Bitcoin is the best invention, the greatest innovation, since the Internet, hot water and baked bread; that's how great this technology really is.
It might sound like joke, funny, but it is the truth. What can be more important than money to a civilization like ours? That needs it everyday in order to exchange, to communicate. What can be more important than virtual money, digital cash, in the age of the Internet?
Everything we do, think, feel or experience now happens through our phones. The way I am communicating with you right now is through technology and a technology that is expanding but was limited, because the money it used was pretty old. Bitcoin is Internet money. Bitcoin already changed the world. This is only the beginning...
Let's read the chart!
The bullish impulse in late 2023 is characterized by green candles only and straight up. There is only one candle that is red. Volume is green as well. This is the 2 weeks timeframe by the way.
Mid-March produces a "doubt" candle. A Doji.
Doubt after a major bullish wave. What is being doubted?
The Japanese who invented this thing call it "uncertainty."
After such strong growth a candle that translates as uncertainty shows up; what is uncertain?
The continuation of the uptrend is what is now longer certain... Sure enough.
After this session, no more growth. This is beyond TA. No more growth reveals what is happening; no longer growing. #CryptoMarketMoves #Write2Earn! $BTC
Bitcoin is heading for a massive bear market in 2024/2025! If you are new to crypto, you may miss information about usual Bitcoin volatility; precisely, Bitcoin crashes by 80% - 90% every 3rd year. Of course this is not natural, it's caused by tremendous manipulation by Cabal (banks, governments, world's organizations (WEF, WHO, etc...). They all work together while giving you an illusion. Of course their goal is to enslave humans with nanotechnologies, artificial intelligence, a neurolink from Elon Musk (that will be connected to your brain), a credit score system, and 1 world digital currency (Bitcoin), forced jabs, etc... All these technologies are completely incompatible with the human body and cause massive depression, anxiety and cancer. In today's world, we can already see how many people are in a depression state by
these technologies.
They will not tell you that every human naturally possesses strong abilities, such as Telekinesis (move objects with your mind) or Telepathy (you don't really need to use your phone to communicate over long distances). There are natural abilities that every human can do without exception. And I don't want to talk about magic powers, leaving your physical body during sleep (astral travel) or meditation, maybe in the next post. These are abilities the Cabal doesn't want you to use. On the weekly chart, we can see that Bitcoin is heading downward, I expect 28k to be hit in 2025. Of course markets move in waves, and we have many minor levels on the way down. We have the 100 and 200 weekly moving averages at the same place, 0.382 FIB retracement, fair value gaps, and 0.618 FIB retracement. I will keep you updated once we reach these important levels#BinanceBlockchainWeek !#CryptoMarketMoves $BTC #Write2Earn! #bitcoin $
Hello traders! Let's dive into some analysis and strategy planning for BTCUSDT together! bitcoin For this session, I'm focusing on the 1D chart, where we can clearly see that BTCUSDT is moving in a distinct downtrend within a parallel channel, and any signs of bullish momentum are fading.
The current price sits at $54,800, and sellers seem to have the upper hand. Our strategy is simple: "stick with the trend," so selling remains our priority.
What about you? Do you think it's time to sell BTCUSDT? Share your thoughts in the comments below. Good luck! ( bitcoin ) #CryptoMarketMoves #bitcoin #Write2Earn! $BTC
Previously on Back To Basics... Ok... Let's skip the joke (Uhhhmm, Pphhmmm; Strange Michael Saylor breathing...)
Here we are looking at the monthly BTCUSD chart.
Last month we had the worst close of the year and below support (red line). This month is the bearish continuation.
This month BTCUSD is trading below EMA8.
Ok, these are the basics.
The whole thing is bearish; it is going to crash; etc.
Now, people are wondering what they should do: Should I stay on the short waiting for the final crash or should I go to the Altcoins?
Let's try an analogy for this one.
Imagine you have two extremely beautiful women, they are both on different states. You are in New York, one is in Chicago and the other one is in California. They are both fine, both called and want to hang out on Saturday, you have to choose. One is by herself and the other one is bringing a girl-friend... Get it? The one bringing the friend represents the Altcoins right now (ALTS - BTC).
Telepathically I am asked, but what would you? I would finish what I started. I would complete the cycle we started earlier this year.
Now, the downside has 20-30% potential short-term, in some extreme cases 40-60%. The upside has 100-300% mid-term.
There is a catch. The initial reaction can be negative marketwide. So you can make the change and end up losing all across...
Ladies and gentlemen, we have a confirmed breakdown of Bitcoin Dominance (BTC.D) index chart. Not only we are seeing a triple-top pattern fully confirmed, we are seeing the start of a new trend.
A downtrend means lower lows and lower highs long-term.
➤ Bitcoin Dominance going bearish as this chart shows means that the Altcoins will grow in relation to Bitcoin. This index chart supports the bullish bias that I've been showing on hundreds of smaller (altcoins) pairs.
➤ All those ALTCOINS vs BITCOIN (ALTS BTC) are set to grow strongly, the strongest growth in years. This is yet another confirmation signal.
➤ The index produced a strong bearish candle this week, deleting four weeks of sideways action. A clear rising wedge pattern is breaking towards the down-side. Bitcoin dominance is moving lower for sure and this dynamic has been playing out for a while now.
Prepare for the drop (Bitcoin).
Prepare for the rise (smaller Altcoins).➤ If you are wondering which of the Altcoins pairs will grow, please visit my profile. I shared all the best one recently and in the past 38 days. There is a filter. If you read, you will find the ones that are going to move strong, fast and first. If you are confused, it is meant to be this way... Reading the trade-ideas will clear all confusion and will lead to massive profits, growth, peace of mind and success#CryptoMarketMoves #btc $BTC #Write2Earn!
Head and Shoulders Pattern: A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside.
Neckline Break: The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum.
Target Projection: The measured move target from the head to the neckline projects a potential drop towards $3.27.
Resistance Levels:
Immediate resistance at $5.30 (previous neckline).
Further resistance near $6.10 (potential pullback area).
Support Levels:
Immediate support around $4.60. Major support at $3.27 (pattern target).
Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario.#TON #TelegramCEO $TON
Bitcoin broke 60K but is showing signs of buying activity in the form of pin bars just above the 56K major support (see arrow). This retrace should come as no surprise if you read my previous article where I anticipated this scenario a week earlier. While current momentum is still bearish, this market is in a consolidation on this time frame which means the support/resistance levels are where the opportunities are more likely to develop. This means the 56K area is a key level where a high probability and high potential bullish reversal can appear over the coming week.
Now just because a reversal can be anticipated does NOT mean to jump in early which is a very common mistake. Confirmation IS the key to mitigating risk and aligning with the probabilities. If price does NOT confirm a reversal, it will then be "saying" that IT wants to continue the bearish momentum which can lead to a test of the 53 to 50K support. Again this is NOT about what you or I "think", its all about what the MARKET demonstrates through price action.
What does confirmation look like? On this time frame, a pin bar or inside bar followed by the break of the high of that bar. At this time, IF the current candle closes in the form of a pin bar and takes out the 59K high, we can argue a new buy signal is in effect. The thing is, a trade idea is NOT just a buy signal, it mustalso consider the accompanying RISK. Using this method, the candle low is one point of reference for risk which can be any where from 2 to 3K points (on this time frame). Once you figure out the risk, you can then calculate a profit objective or you can reference the next resistance level around 64 to 66K area.
Despite the recent decline in Bitcoin's price, "Michael Saylor", a prominent figure in the cryptocurrency market, continues to advocate for holding onto Bitcoin. This comes as some analysts, citing recent US employment data, anticipate a potential interest rate cut by the "Federal Reserve", which could drive up riskier assets like Bitcoin. In this analysis, we will delve into the technical reasons supporting this view
#Bitcoin / Daily Timeframe #Bitcoin failed to reach above the bearish channel on the weekly timeframe during its previous bull-trend.
Subsequently, it has retested the channel's bottom with the recent decline.
As a result, there is potential for growth based on a double bottom pattern and a triple divergence, targeting the channel's upper boundary.
This rally could initiate from the current channel bottom or the support zone of $49,000.00 - $50,096.10.
! If it rallies from the channel bottom and reaches the first target of $57,877.90, a pullback to retest the second support zone is likely before a substantial uptrend resumes !! Regardless, a breakout above the first target ($57,877.90), which is a crucial resistance level on the daily timeframe, is essential for the uptrend to continue ✓
Subsequent targets include:
Target 2: $66,755.85
Target 3: $74,537.70
X The stop-loss for the bullish scenario is a breakout below the bearish channel and a daily candle close below $49,000.00 on the weekly timeframe.
In this case, the trend would shift from bullish to bearish, potentially targeting $41,218.20 and then $34,494.20
#Bitcoin / Monthly Timeframe Potential for a Significant Uptrend
On the monthly chart, #Bitcoin is showing signs of forming a flag pattern, which could signal a substantial price increase.
!?However, for this bullish scenario to play out, the price needs to break above the flag pattern on the monthly timeframe.
If this occurs, #Bitcoin could potentially rally to around $155,000 #Write2Earn! #btc $BTC
I wasn't even looking at Bitcoin but opened this chart to check some numbers in relation to ETCBTC, which is ultra-bullish right now and what do I see?
Bitcoin just lost ALL support on the weekly timeframe.
There is only the wick from the 5-Aug. week that's been lower since February. Bearish bias, bearish potential, bearish continuation confirmed for the 300th time.
What is happening is nothing new. This is something that has been in the making for the past six months. Bitcoin gave the first massive, impossible to ignore signal on the 5th of March, six months ago, with the highest bearish volume session on the daily timeframe in years.
The action has been bearish, sideways, down, lower highs and lower lows... The chart tells us the tendency, the market will make up the event that will be the catalyst that produces the crash that we've been seeing developing for so long. #Write2Earn! #btc $BTC
The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. also 4.3$ is a good support for TONCOIN.
+Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you, and for more ideas, hit Like and Follow!#TON $TON $ETH $BTC #Write2Earn!
Bitcoin started to rise again after Failing (Fake Break) to break the Support zone($58,000-$56,600).
From the point of view of Classical Technical Analysis, it seems that Bitcoin has formed a Falling Wedge Reversal Pattern, and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.
From the point of view of Elliott wave theory, Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction (ABC/5-3-5), which was the end of wave C, $55,600. #Write2Earn! #btc $BTC
Bitcoin (BTCUSD) may be under a quite strong short-term correction since the August 27 rejection on the 1D MA200 (orange trend-line) but based on this 2-year Cyclical Chart, it has high chances of finding Support again and start a rally similar to the two it had over this time span.
Let's start with the long-term outlook which remained bullish after BTC hit and rebounded (August 06) on the 1W MA50 (red trend-line), its long-term Support since March 13 2023. The formation of the 1D Death Cross may have offset some of this optimism but on this cyclical pattern it is not a bearish sign as last time it emerged (September 11 2023), Bitcoin formed its new bottom at the time.
In fact it was inside a short-term (dotted) Channel Up, the vessel pattern which took the price from the bottom to a new +100% rally. The key parameter was the fact that the 1D MA200 broke and later was retested and held as Support. This is most likely why we are having the recent pull-back, because even though the price broke above the 1D MA200, it failed to hold.
The 1D RSI also prints a similar pattern to the previous two bottom fractals on this chart and it appears that relative to those past sequences, we are currently after the first RSI peak and pull-back. On the price action, weillustrate the relative position of now and then with circles.
The Sine Waves do perhaps the most efficient depiction of the price cyclicality, clearly displaying where Bitcoin should be bought and where sold. At the moment we are just past the most optimal Buy Entry so it the opportunity still exists but may not last for long! Another +100% rise from August's recent bottom, will see Bitcoin test the psychological benchmark of 100k.
So what do you think? Is a new rally this close, potentially timed after the Fed cuts the rates in 2 weeks? Feel free to let us know in the comments section below! #Write2Earn! $BTC
Ethereum has respected our previous analysis and reached the first target. Today, we observe a larger contracting triangle pattern, indicating the potential for further downward movement.
With the release of the ADP data today, market speculation is expected to be high. It is possible that ETH may test the $2,500 level again before moving down, but it could also decline from the current market price.