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Bitcoin — Daily Update — Are Bulls Losing Steam? Bitcoin is on its way to printing the second bearish candle in a row. Although this is absolutely fine after the recent pump, bulls must take care of the 63.5k area. The 63.5k level has played a vital role as both support and resistance for the last months. A break and close below it can signal more (short-term) downside potential. In this case, the EMA200 comes into play again. Currently, the EMA200 sits at 58k. However, I don't think it'll come so far. I expect a consolidation at the current level before Bitcoin tries to tackle the upper boundary of the bull flag. Nevertheless, it is worth mentioning that if the candle closes at the current level, we have two bearish reversal candles, and therefore, we should be cautious about entering new trades! From a technical indicator perspective, consolidation is still reasonable in order to have the momentum indicator return to neutral. Based on trade signals, we don't have any relevant signals for higher timeframes at the moment. Lower timeframes, like the 1H chart, indicate further bearish momentum. The long-term scenario is still valid: a break of the bull flag to the upside, a new ATH, and 100k. $BTC #BTC☀ #Bitcoin❗
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FLOKI On Track For An 80% Move 🚀 FLOKI has dipped ~16% since it got rejected at the 0.000195 resistance two days ago. However, so far, we are perfectly on track for another 80% upside move. Here's why 👇 Background 🧵 A few days ago, I posted the chart below and discussed a possible and likely scenario. I explained that after it double bottoms, FLOKI should rebound and attack the first resistance at 0.000195. I also mentioned that this is a good level for a first-take profit target. I brought the level at 0.00035 to the table on a larger scale. Once FLOKI smashes the current resistance, I consider the 0.00035 level the next crucial level—reflecting a potential of 80%. Step 1 Accomplished ✅ As predicted, FLOKI bounced and tested the 0.000195 level even faster than expected. As mentioned, the token was rejected on the first attempt, which is not uncommon. So far, it has found support at the EMA200 line, which should serve as a base for another attack on the resistance. How To Play Step 2 🚀 The trade setup is straightforward: Wait for FLOKI to pump above the 0.000195 level. Additionally, we want to confirm the broken resistance on the daily timeframe. Preferably, we wait for a bullish trade signal to strengthen the outbreak further. Once these prerequisites are fulfilled, we can (almost) safely enter the trade and right the wave to the next resistance. However, since 80% is a long road, adding profit targets on the way up is wise. $FLOKI #FLOKISKYROCKET #FLOKI?
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RUNE — Bullish Trade Signal On The 4H Chart + Broke Through Resistance — 20% Potential 🚀 RUNE offers an appealing trade setup based on the latest chart analysis and trade signals. Although the token has already pumped ~45% since it bottomed at the beginning of July, both charts and indicators signal more potential. 1️⃣ Chart Analysis RUNE just pumped through the significant resistance at 4.5. If it sticks the landing on at least the 4H chart, the token should be good to go for another leg up. Since the next significant resistance sits at 5.5, there's plenty of room to run (20%). 2️⃣ Technical Indicators Due to the recent run, we find many momentum indicators in the overbought area. However, although this is worth monitoring, it does not necessarily imply an immediate reversal, especially not when it has just broken through resistance. 3️⃣ Trade Signals RUNE flashed a so-called Power Scalper signal on the 4H chart. The bullish signal is very reliable regarding a profit potential of up to 5%. ✅ Putting It All Together First, RUNE has to close the 4-hour candle above the resistance. Afterward, I expect a continuation (according to the trade signal) of up to 5% before we see a correction or a retest of the previous support. If the market remains bullish, we should see a bounce or an attack on the upper resistance. $RUNE #TradeSignal #runecoin
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dogwifhat (WIF) — 40% MOVE INCOMING? This video is an extract of today's live session in which I discuss why a 40% move is incoming for dogwifhat. #Dogwithhat $WIF
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DOGE FACING A TRIPPLE RESISTANCE 🚨 Like many other coins, DOGE recently found its local support at a long-term support line 10c. At this level, DOGE bounced nicely. However, the reversal was rejected at the 0.128 resistance. Contrary to many other altcoins, DOGE is facing triple resistance. As a result, it will be harder to break through, but if it does, DOGE can easily rally 25%. Here are the details 👇 1️⃣ Chart Setup DOGE is at a crucial point where three significant resistances come together: - The EMA200 as a long-term trend line - The resistance line of the downtrend that started in April - The long-term support/resistance at 0.128. If DOGE breaks through these resistances, it will quickly rally to the next significant resistance at 0.165. 2️⃣ Technical Indicators Again, similar to many other altcoins, DOGE's momentum indicators are overbought on the daily chart due to the recent relief rally. Therefore, the current consolidation will help to return to neutral zones before an attack of the resistance can start. 3️⃣ Trade Signals On higher timeframes (1D, 1W), DOGE hasn't flashed any signals lately. Most signals indicated the current consolidation at lower timeframes and haven't changed since then. 4️⃣ AI Forecast The AI Forecasts are indecisive. While the Deep AI Forecast predicts a correction to the 10c level, the Pattern AI Forecast predicts a price increase of ~20%. ✅ What To Do? The following steps are pretty obvious: Wait for the mentioned resistances to break. If this happens, a long entry should be more than safe. In case of a rejection, the Pattern AI Forecast might be correct, and 10c might come back into play. #doge⚡ $DOGE #analysisreport
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