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sabir technical
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VeChain (VET) has been navigating a downtrend channel, but a glimmer of hope appears. #VET is consolidating within a key support zone of $0.033 - $0.034. While buying pressure seems healthy, a breakout above this consolidation is crucial for confirmation. This potential breakout could signal a trend reversal for $VET . 🚀 #ETHETFsApproved #StartInvestingInCrypto #BnbAth

VeChain (VET) has been navigating a downtrend channel, but a glimmer of hope appears. #VET is consolidating within a key support zone of $0.033 - $0.034. While buying pressure seems healthy, a breakout above this consolidation is crucial for confirmation.

This potential breakout could signal a trend reversal for $VET . 🚀

#ETHETFsApproved #StartInvestingInCrypto #BnbAth

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Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound Cryptocurrency traders believe that the recent market downturn is just a "shakeout" and there is a "bullish continuation" on the horizon. Bitcoin, Ether and the broader altcoin market experienced a downturn after United States employment data exceeded expectations on June 7. However, traders believe that it is a brief "shakeout" before the upward trend continues. “Strong sell-off into support. Alts suffered more," pseudonymous crypto trader il Capo of Crypto declared to their 848,000 X followers on June 7. They added it "looks like a shakeout" — which is when a large number of investors sell-off at the same time usually due to market or economic uncertainty. On the same day, the U.S. Employment Situation Summary Report revealed a higher-than-expected increase in jobs, contradicting crypto analysts' predictions that a weaker employment report would put pressure on the decision to lower inflation, and Bitcoin would hit new highs as a result. “A weaker surprise could bring back rate cuts, and next week, we will get the CPI inflation report. If CPI [year-on-year] is 3.3% or lower, it will likely push Bitcoin to new all-time highs,” 10x Research head of Research Markus Thielen stated on June 5. Although the data is showing a different trend, Thielen doesn't believe the employment report directly caused the crypto market drop. "Crypto sold off at the end of Friday without a determining catalyst," he stated in a June 7 report viewed by Cointelegraph, while claiming that the data was "mixed": "US employment data was mixed, with the unemployment rate climbing to 4.0% but an upside surprise in the number of jobs added. This was entirely due to an increase in part-time workers." Traders are watching key support levels closely Total jobs in the U.S. increased by 272,000 jobs in May, while the unemployment rate increased by 0.1%, according to the U.S. Bureau of Labor Statistics.#TopCoinsJune2024 #ETHETFsApproved #Binance200M
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The price has been steady, no major ups or downs. Maybe it's just consolidating its gains before the next leg up? #Bitcoin #Binance200M #ETHETFsApproved
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BTC was rejected at $72k and dropped by just 4%. Altcoins saw a massive capitulation of 10-15%. So far, BTC has failed 4 times to break above $72k. The 5th attempt will break it and run towards $77k - $82k. Overall, Bitcoin is Bullish 🚀 as long as there is no daily candle closing below $66.6k. #BTC #bitcoin
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Crypto Market Downfall: What's Happening? The crypto market experienced a significant downturn yesterday, a typical pattern where markets rise and fall. Such phases often see certain coins like $HIGH maintaining strength. Some attribute these moves to market manipulation, often driven by whales and short sellers pushing the market down, triggering stop-loss orders. The worst comes from novice investors who panic sell. As a veteran in the crypto market since 2017, with over 30 years of experience in various stock markets, I’ve seen it all. Losses are only on paper, and with enough capital, it’s wise to buy more. Yesterday, every coin plummeted simultaneously, creating a massive red line. This sudden drop isn’t uncommon in the volatile world of crypto. It’s crucial to embrace the volatility and recognize opportunities to buy during dips. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing. #TopCoinsJune2024 #ETHETFsApproved
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Market Expert: Altcoin Summer Is Coming, Here's the Timeline Michael Van de Poppe, a crypto specialist, projected big cryptocurrency gains. The expert gave a timescale and predicted how parabolic this rise may be for these crypto assets. Altcoins Will Move In Summer Van de Poppe said on X (previously Twitter) that cryptocurrencies would gain momentum from late June until September or October. The crypto expert said this move would reprice cryptocurrencies to their usual prices, referencing the “big cascade” they have endured since the start of the year. Van de Poppe has long criticized cryptocurrencies as cheap and projected that their Bitcoin pair will move significantly post-halving. He also expected a narrative shift to Ethereum and that the second-largest crypto by market will dominate altcoin season. When they trade, Spot Ethereum ETFs might start altcoin season, according to the expert. He projected that cryptocurrency season would start in late June since Bloomberg analyst Eric Balchunas predicted that Ethereum ETFs would trade then. The analyst also revealed which cryptocurrencies he may have accumulated when he identified 10 cheap tokens he thinks will run in current bull cycle. Chainlink (LINK), Celestia (TIA), Arbitrum (ARB), Polkadot (DOT), and Cosmos (ATOM) were among his tokens. Time to Prepare for Altcoin Season Crypto expert Lark Davis said “could be the time to go down the risk curve” and position early for altcoin season. He said this when asked whether altcoin season was coming. He presented Blockchain Center statistics showing that altcoin season is far off. Altcoin season is determined by Blockchain Center's index. The statistic shows that only altcoin season occurs when 75% of the top 50 market cap currencies surpass Bitcoin over the preceding 90 days. Only 12 cryptocurrencies have outperformed Bitcoin, therefore it's still Bitcoin season.#bitcoin #Binance55thProject(IO) #BTC
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