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$BTC 🚨🚨🚨 BTC ⏳1-HOUR Chart Analysis🚨🚨🚨 Support and Resistance Overview:🔴🔴🔴 #BTC☀ ‼️‼️Examining the Latest Patterns and Potential Movements Bearish Momentum Persists: The bears are currently dominating BTCUSD, with the price lingering around $67,000. A recent dip below the 34-day and 89-day EMAs signals ongoing selling pressure. Strategic Insight: Based on the current technical indicators, I’m favoring a Sell strategy for both the short and medium term. Here’s my reasoning: Support Level Target: $66,200 Ambitious Goal: $65,000 These targets are my main profit-taking points for today's bearish outlook. What’s Your View? Drop your thoughts and insights in the comments. #Bitcoin❗ #BTC #tradesafely #btcupdates2024 $BTC

$BTC 🚨🚨🚨 BTC ⏳1-HOUR Chart Analysis🚨🚨🚨 Support and Resistance Overview:🔴🔴🔴

#BTC☀ ‼️‼️Examining the Latest Patterns and Potential Movements

Bearish Momentum Persists: The bears are currently dominating BTCUSD, with the price lingering around $67,000. A recent dip below the 34-day and 89-day EMAs signals ongoing selling pressure. Strategic Insight: Based on the current technical indicators, I’m favoring a Sell strategy for both the short and medium term. Here’s my reasoning: Support Level Target: $66,200 Ambitious Goal: $65,000 These targets are my main profit-taking points for today's bearish outlook. What’s Your View?

Drop your thoughts and insights in the comments.

#Bitcoin❗ #BTC #tradesafely #btcupdates2024 $BTC

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$ETH 🚨🚨Ethereum Analysis (ETHUSDT) - 1 Hour Time Frame ⏳⏰🔴🚨🚨‼️#etherreum #Alert🔴 In this 1-hour analysis of ETH/USDT, several technical indicators and patterns are highlighted, providing a comprehensive outlook on Ethereum’s price movements and potential trends. Key Observations: 1. Trend Analysis: • Current Trend: Downtrend • Level: 3630.27 • Trend Line Strength: 4.13 (Strong) • Angle: 10° • Distance: 6.67% 2. Patterns Identified: • Symmetrical Triangle: Indicates potential consolidation before a breakout. • AB=CD Pattern: An important harmonic pattern suggesting a potential reversal zone at point D. • Anti-Shark Pattern: Often signifies a possible reversal area, identified at point X. 3. Trend Details over Different Bars: • 50 Bars: -38° (Strong Downtrend) • 100 Bars: 0° (Sideways) • 150 Bars: -1° (Sideways) • 200 Bars: -5° (Sideways) Detailed Analysis: • Price Action: Ethereum has experienced a significant downtrend, with a strong trend line strength of 4.13, indicating robust bearish momentum. The symmetrical triangle suggests a consolidation phase where price action is coiling, potentially leading to a breakout. Traders should watch for a breakout either upwards or downwards from this pattern. • Harmonic Patterns: The AB=CD pattern signifies that if the price reaches point D, there might be a potential reversal. This is further supported by the Anti-Shark pattern, indicating that point X could also be a critical area for price action to change direction. • Trend Consistency: Across various bar intervals, the trend remains mostly sideways beyond the 50-bar interval, indicating that while short-term momentum is bearish, the longer-term outlook is neutral, suggesting potential stabilization or the beginning of a new trend. Summary: Ethereum (ETHUSDT) is currently in a strong downtrend on the 1-hour time frame, but key patterns such as the Symmetrical Triangle, AB=CD, and Anti-Shark indicate potential reversal zones. #etherreum #altcoins #ETHETFsApproved $ETH
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$BTC 🔴‼️🚨The Influence of Whales on the Crypto Market ❗️🔴🔴🚨 $ETH $BNB 📉📈📊❌⁉️ #Alert🔴 In the ever-fluctuating world of cryptocurrency, large holders, commonly referred to as "whales," play a crucial role in shaping market dynamics. These whales often leverage their significant holdings to maximize profits, impacting the market in several ways: Market Manipulation: Whales can influence market prices due to their substantial crypto assets. By placing sizable buy or sell orders, they can create artificial demand or supply. This manipulation can lead to sudden price movements, causing smaller investors to react impulsively. Pump and Dump Tactics: Whales often engage in pump and dump schemes. They purchase large amounts of a cryptocurrency, drive up its price through hype, and then sell off their holdings at the peak, causing a price crash. This tactic leaves smaller investors with considerable losses. Deceptive Practices: Spoofing: Involves placing large orders with no intention of executing them, misleading the market about the actual demand or supply. Wash Trading: Whales buy and sell the same asset to create fake trading activity, making the market appear more liquid and active than it is. Front Running: Utilizing advanced algorithms and faster transaction speeds, whales can place orders ahead of large trades by other investors. This practice allows them to benefit from the resulting price movements. Strategic Accumulation and Distribution: Whales often accumulate cryptocurrencies quietly over time, avoiding sudden price increases. When the market conditions are favorable, they offload their holdings, capitalizing on the favorable prices. Understanding these tactics is crucial for smaller investors. Recognizing the signs of whale activity can help mitigate risks and make more informed trading decisions. #altcoins #bitcoin #BTC #ETHETFsApproved
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