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Donsty
31 Jul 2024
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From the look of things, things are going to work for
$SAGA
again.
We are likely to see more pump on SAGA.
#SAGA🔥🔥
#SAGAStrategy
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SAGA
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Donsty
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WHAT DO YOU ALSO SAY ON THIS ? #ai16z #Aİ
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it about time you check on XLM because something big is about to happen, XLM has a similar chart with XRP. I see this as an opportunity to buy more XLM. #xrp #XLM/ #Ripple
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Everyone is turning very bullish again on BTC and altcoins. I really don't think it will be that easy; the whales need liquidity and make money before pushing the price higher. From a technical perspective, there is no confirmation of an uptrend, but let's take a look at the details. First of all, let's take a look at the huge ascending channel. The price respects both trendlines very precisely. On 17. December, Bitcoin hit the top of the channel and got rejected from it. It would definitely make sense if the price now retests the middle of the channel, which is currently at around 85k. Second, we still have a completely unfilled and untested FVG (Fair Value GAP) on the daily chart. This GAP is between 85k and 77k. This price action should be tested. Third, we have a pretty significant head-and-shoulders reversal pattern at the top of the trend. This pattern looks pretty solid, there is a lot of liquidity below it. All stop losses from traders and liquidations on the futures market. If you see multiple swing lows next to each other, you may be pretty sure that the price will go here and sweep the liquidity. Fourth, from the Elliott Wave perspective, we have finished wave (3) of an impulse wave larger degree. We should make an ABC correction, so I think we are in wave (4). After we finish this correction, we start wave (5). This will bring the price of Bitcoin to an all-time high. I expect Bitcoin to hit around 125k. Fifth, let's take a look at the RSI indicator. On the daily chart, there is clearly a downtrend. The line makes lower lows and lower highs. Also, we can see a bearish divergence. This is not an uptrend, but a downtrend. #BTC☀️
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#BTCUSDT Bitcoin seems to be forming a bullish continuation pattern and is approaching its support trendline. If the price is supported, we can expect price growth.
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keep on holding, you just have to set a new pending buy pending limit closed to your liquidity price
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