iamshohug
14 Posts
iamshohug
I am learning.
I usually trade manually. I follow Chart Pattern & Candlestick. I like to trade with Price Action and Support /Resistance with Fibo tools.
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Bitcoin (BTC) on the Rise: Is the Bull Market Finally Here?
Bitcoin (BTC), the leading cryptocurrency, had a rough 2022 year. With a value drop of almost 80% from its peak, BTC was heavily impacted by the FTX bankruptcy, the collapse of LUNA, the bankruptcy of crypto companies, the Russia-Ukraine war, and the FED's interest rate increases.
Although Bitcoin had a difficult time, it seems like those days are now behind it. BTC has started a significant uptrend in 2023, leading to a recovery in the industry.
Although there is no horizontal support at the 15,400 dollar level for Bitcoin under normal conditions, a critical trend line has been detected by successful analyst Trader Tardigrade.
When looking at the level where Bitcoin began its upward trend, it is observed that it is a 5.5-year upward trend. BTC starts a bull cycle every time it reacts to this level, and it could experience much bigger upward movements in the future.
While investors outside the crypto sector are currently waiting for a new correction, it is estimated that this correction will not begin before the 30,000 dollar resistance is overcome.
According to some investors, this upward trend is entirely fake. However, this scenario does not seem possible at the moment. The leading cryptocurrency, which is expected to continue its upward trend in the c
oming period, may increase the volatility in the sector.#BTCBreaksATH110K $BTC $ETH
Bitcoin (BTC), the leading cryptocurrency, had a rough 2022 year. With a value drop of almost 80% from its peak, BTC was heavily impacted by the FTX bankruptcy, the collapse of LUNA, the bankruptcy of crypto companies, the Russia-Ukraine war, and the FED's interest rate increases.
Although Bitcoin had a difficult time, it seems like those days are now behind it. BTC has started a significant uptrend in 2023, leading to a recovery in the industry.
Although there is no horizontal support at the 15,400 dollar level for Bitcoin under normal conditions, a critical trend line has been detected by successful analyst Trader Tardigrade.
When looking at the level where Bitcoin began its upward trend, it is observed that it is a 5.5-year upward trend. BTC starts a bull cycle every time it reacts to this level, and it could experience much bigger upward movements in the future.
While investors outside the crypto sector are currently waiting for a new correction, it is estimated that this correction will not begin before the 30,000 dollar resistance is overcome.
According to some investors, this upward trend is entirely fake. However, this scenario does not seem possible at the moment. The leading cryptocurrency, which is expected to continue its upward trend in the c
oming period, may increase the volatility in the sector.#BTCBreaksATH110K $BTC $ETH
#broccoli January 109.5k peak came as the cryptocurrency experienced a strong recovery following losses across Q1. Institutional demand has recovered, while the macro and regulatory backdrop has spurred gains.
Bitcoin reaction to U.S. PPI data.
$BTC
The PPI reading is one of the major economic data points used to measure the impact of inflation on the worldโs largest capital market. Per the released data, the month-on-month reading for the PPI comes in at -0.2%, as against the previous reading of 0.5%.
This better-than-the-expected-0.1% value implies that Federal Reserve monetary policies, as concerns keeping inflation steady, have been working overall. The upside might be felt with a recovery in risk-on assets like Bitcoin.
At the time of writing, the digital currency has maintained its bearish drawdown, down by 3.76% in the past 24 hours to $67,351. This is a major derailment from the mildly bullish momentum from earlier in the week, when the coin made emphatic moves to surpass the $70,000 price level.
$BTC
The PPI reading is one of the major economic data points used to measure the impact of inflation on the worldโs largest capital market. Per the released data, the month-on-month reading for the PPI comes in at -0.2%, as against the previous reading of 0.5%.
This better-than-the-expected-0.1% value implies that Federal Reserve monetary policies, as concerns keeping inflation steady, have been working overall. The upside might be felt with a recovery in risk-on assets like Bitcoin.
At the time of writing, the digital currency has maintained its bearish drawdown, down by 3.76% in the past 24 hours to $67,351. This is a major derailment from the mildly bullish momentum from earlier in the week, when the coin made emphatic moves to surpass the $70,000 price level.
5 Upcoming best crypto to buy now to maximize growth
List Of 5 Upcoming Best Crypto To Buy Now In 2024
Expanding your portfolio with crypto coins in various niches, from meme coins to gaming tokens, is a reliable option to ensure high profits in the market. Here is a list of the upcoming best crypto to buy now.
1. 5thScape (5SCAPE) โ Experience Virtual Realities Beyond Boundaries
2. DarkLume (DLUME) โ King Of VR Metaverse, Where Fantasy Meets Style
3. Bitcoin Minetrix (BTCMTX) โ Eco-friendly Crypto Project For Making BTC Mining Affordable
4. Slothana (SLOTH) โ Biggest Upcoming Airdrop Sale In Meme Coin Category
5. Scorpion Casino (SCORP) โ Licensed Social Online Gambling And Betting Platform
List Of 5 Upcoming Best Crypto To Buy Now In 2024
Expanding your portfolio with crypto coins in various niches, from meme coins to gaming tokens, is a reliable option to ensure high profits in the market. Here is a list of the upcoming best crypto to buy now.
1. 5thScape (5SCAPE) โ Experience Virtual Realities Beyond Boundaries
2. DarkLume (DLUME) โ King Of VR Metaverse, Where Fantasy Meets Style
3. Bitcoin Minetrix (BTCMTX) โ Eco-friendly Crypto Project For Making BTC Mining Affordable
4. Slothana (SLOTH) โ Biggest Upcoming Airdrop Sale In Meme Coin Category
5. Scorpion Casino (SCORP) โ Licensed Social Online Gambling And Betting Platform
Nothing stops Bitcoin(BTC) Before $71000
#BTC $BTC
Bitcoin has been on a steady rise, and the recent price action suggests that nothing can stop it before it hits $71,000. Analyzing the chart, BTC has successfully broken through several key resistance levels, finally showing us some bullish momentum.
Looking ahead, the next major resistance level is around $70,000, which was the previous all-time high. If Bitcoin can break above this level, the path to $71,000 and beyond becomes much clearer. The volume analysis supports this bullish thesis, with increasing buying volume as BTC moves higher, indicating sustained interest and demand.
#BTC $BTC
Bitcoin has been on a steady rise, and the recent price action suggests that nothing can stop it before it hits $71,000. Analyzing the chart, BTC has successfully broken through several key resistance levels, finally showing us some bullish momentum.
Looking ahead, the next major resistance level is around $70,000, which was the previous all-time high. If Bitcoin can break above this level, the path to $71,000 and beyond becomes much clearer. The volume analysis supports this bullish thesis, with increasing buying volume as BTC moves higher, indicating sustained interest and demand.
Bitcoin / USD may rise to 63680 - 64480
The upside prevails as long as 61040 is support.
Alternative scenario
The downside breakout of 61040 would call for 59700 and 58910.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61825 and 61717).
The upside prevails as long as 61040 is support.
Alternative scenario
The downside breakout of 61040 would call for 59700 and 58910.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61825 and 61717).
Bitcoin rebounds towards 63960 intra Day !
Prominent crypto analyst Ali Martinez has unveiled a bullish forecast for Bitcoin (BTC), as the TD Sequential indicator flashes a buy signal on the cryptocurrency's hourly chart. This development comes amid Federal Reserve Chair Jerome Powell's optimistic remarks on the state of the U.S. economy.
The TD Sequential indicator operates on the principle of sequential counting of candlesticks to identify potential trend reversals or continuation patterns. According to Martinez's analysis, the indicator has triggered a buy signal, indicating a potential price rebound for Bitcoin, which is currently trading at $61,800, approximately 20% below its all-time high.
Prominent crypto analyst Ali Martinez has unveiled a bullish forecast for Bitcoin (BTC), as the TD Sequential indicator flashes a buy signal on the cryptocurrency's hourly chart. This development comes amid Federal Reserve Chair Jerome Powell's optimistic remarks on the state of the U.S. economy.
The TD Sequential indicator operates on the principle of sequential counting of candlesticks to identify potential trend reversals or continuation patterns. According to Martinez's analysis, the indicator has triggered a buy signal, indicating a potential price rebound for Bitcoin, which is currently trading at $61,800, approximately 20% below its all-time high.
Solana Technical View - Should You Buy This Dip?
Solana's native token (SOL) currently sits at number 5 with a market cap of $65.2 billion, facing a sizable gap to close against BNB, which has a market cap of around $85 billion.
Currently, the token is experiencing a dip, with its price moving below the $146 level. Recently, the crypto started an uptrend in the past week but failed to stay above the $150 level.
This came after a sharp April decline from its 2024 high of $210. The medium-term outlook for SOL appears bullish, maintaining an upward trajectory.
Solana's native token (SOL) currently sits at number 5 with a market cap of $65.2 billion, facing a sizable gap to close against BNB, which has a market cap of around $85 billion.
Currently, the token is experiencing a dip, with its price moving below the $146 level. Recently, the crypto started an uptrend in the past week but failed to stay above the $150 level.
This came after a sharp April decline from its 2024 high of $210. The medium-term outlook for SOL appears bullish, maintaining an upward trajectory.
Is Bitcoin Ready to Rally to $90K?
Three weeks ago, we showed Bitcoin (BTCUSD) was forming a Bull flag, and based on our Elliott Wave Principle (EWP) analyses, we found that,
โโฆBTCUSD should now be wrapping up the final (orange) 5th wave to ideally $60-62K, possibly as low as $56-59K. See the orange and grey target zone boxes in Figure 1 above.โ
Fast-forward and BTCUSD bottomed out on May 1 at $56516 after forming a complex smaller degree (orange) W-4, which we, unfortunately, didnโt foresee. See Figure 1 below. However, Bitcoin bottomed right inside the lower range and right at the lower edge of the green W-4 target zone, a classic 38.20% retracement of the entire green W-3.
Three weeks ago, we showed Bitcoin (BTCUSD) was forming a Bull flag, and based on our Elliott Wave Principle (EWP) analyses, we found that,
โโฆBTCUSD should now be wrapping up the final (orange) 5th wave to ideally $60-62K, possibly as low as $56-59K. See the orange and grey target zone boxes in Figure 1 above.โ
Fast-forward and BTCUSD bottomed out on May 1 at $56516 after forming a complex smaller degree (orange) W-4, which we, unfortunately, didnโt foresee. See Figure 1 below. However, Bitcoin bottomed right inside the lower range and right at the lower edge of the green W-4 target zone, a classic 38.20% retracement of the entire green W-3.
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