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Bullish
Bitcoin Market Analysis June 26, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (4H) The price action of $BTC on daily timeframe level has got rejected from its horizontal resistance level which was marked between the $71,438 to $70,282 level. Previously the price action was consolidating in a compression level and after breaking down the neckline of the price movement it grabbed out all the liquidities of the sell side. ⚪️WRAP-UP (VIP) Currently, the price action is reclaiming out its horizontal support level where the price action is taking out the can show us the some of the short term bullish movements. $BTC DAILY RANGE: 📈Upper Limit: $63,946 📉Lower Limit: $56,750 (+-12% based on moving average volatility open/endpoints) 📌SCALP ENTRIES (VIP) (*Advanced traders only - moderate/high risk) 🔵LONG 💲$62,016 🔴SHORT 💲$59,742 ➖➖➖➖➖ #BinanceTournament #CryptoTradingGuide #Megadrop #MicroStrategy #CertiKvsKraken $BTC {spot}(BTCUSDT)
Bitcoin Market Analysis
June 26, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
The price action of $BTC on daily timeframe level has got rejected from its horizontal resistance level which was marked between the $71,438 to $70,282 level.

Previously the price action was consolidating in a compression level and after breaking down the neckline of the price movement it grabbed out all the liquidities of the sell side.

⚪️WRAP-UP (VIP)
Currently, the price action is reclaiming out its horizontal support level where the price action is taking out the can show us the some of the short term bullish movements.

$BTC DAILY RANGE:
📈Upper Limit: $63,946
📉Lower Limit: $56,750
(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲$62,016
🔴SHORT
💲$59,742
➖➖➖➖➖

#BinanceTournament #CryptoTradingGuide #Megadrop #MicroStrategy #CertiKvsKraken $BTC
Daily #btc💸 overview On June 25, the Bitcoin price briefly dipped below $60k, reaching a low of $58.9k. Several factors contributed to this decline: ⚫ Mt. Gox Distribution Mt. Gox announced plans to start distributing 143k BTC to its creditors, creating significant selling pressure and causing market panic. ⚫ Miner Sales In June, miner sales reached a yearly high. Miners sold about 30k BTC worth $1.8 billion in the first three weeks of the month. ⚫ Large ETF Outflows Since June 15, Bitcoin ETFs have seen over $1 billion in outflows. ETFs experienced outflows for seven consecutive trading days, and this trend is expected to continue. ⚫ Sales by the German Government Last week, the German government transferred a total of 1,700 BTC to Coinbase, Bitstamp, and Kraken. Today, they transferred a total of 400 BTC to Coinbase and Kraken, worth about $24.34 million. We hope this analysis helps members of the Cryptogram community better understand the current market developments. #BinanceTournament #Megadrop #MicroStrategy #CryptoTradingGuide #BTCFOMCWatch $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT)
Daily #btc💸 overview

On June 25, the Bitcoin price briefly dipped below $60k, reaching a low of $58.9k. Several factors contributed to this decline:

⚫ Mt. Gox Distribution
Mt. Gox announced plans to start distributing 143k BTC to its creditors, creating significant selling pressure and causing market panic.

⚫ Miner Sales
In June, miner sales reached a yearly high. Miners sold about 30k BTC worth $1.8 billion in the first three weeks of the month.

⚫ Large ETF Outflows
Since June 15, Bitcoin ETFs have seen over $1 billion in outflows. ETFs experienced outflows for seven consecutive trading days, and this trend is expected to continue.

⚫ Sales by the German Government
Last week, the German government transferred a total of 1,700 BTC to Coinbase, Bitstamp, and Kraken. Today, they transferred a total of 400 BTC to Coinbase and Kraken, worth about $24.34 million.

We hope this analysis helps members of the Cryptogram community better understand the current market developments.

#BinanceTournament #Megadrop #MicroStrategy #CryptoTradingGuide #BTCFOMCWatch $BTC
$ETH
$BNB
Recent Alt News and Events👺 1. Solana [SOL] - Unveiled two new ecosystem tools - The Solana Foundation is introducing tools that are able to turn websites, apps, social media platforms, and QR codes into launching points for crypto transactions on the Solana blockchain. 2. ZKsync [ZK] - Introduced Elastic Chain architecture - This will transition the project from a singular ZK rollup chain to a network of interoperable chains, aiming to improve connectivity among an expanding array of ZK chains in its ecosystem. 3. Tether [USDT] - Stopped minting USDT on EOS and Algorand - Tether stopped minting USDT on EOS and Algorand as part of a strategic transition to prioritize community-driven blockchain support. 4. Infrared [-] - Received investment from Binance Labs - Infrared is a Berachain liquid staking protocol for BGT, BERA, node infrastructure, and PoL vaults. Earlier this year, Infrared raised $2.5 million in a seed funding round. 5. Swarm [SMT] - Started to offer tokenized gold via NFTs - German RWA tokenization platform Swarm Markets will let users buy NFTs, which represent gold ownership. After passing KYC, users will be able to swap the NFTs on a P2P basis. 6. Bondex [BDXN] - Bondex is a decentralized job portal that offers job opportunities in the blockchain, crypto, Web3, NFT, and other related industries. It allows recruiters to search for talent in decentralized manner. 7. Raiinmaker [COIN] - Announced the launch of its mainnet - Raiinmaker has launched on Mainnet, introducing advanced security features, enhanced scalability, and improved interoperability with other blockchains to its AI-powered network. 8. NAVAIX [NAV] - Introduced its angel investors and backers - NAVAIX is an innovative platform that combines AI and DEX technologies to provide a robust on-chain trading experience. It integrates the order book model with Automated Market Making $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {future}(BNBUSDT) #CryptoPCEWatch #BinanceTournament #Megadrop #MicroStrategy #BTCFOMCWatch
Recent Alt News and Events👺

1. Solana [SOL]
- Unveiled two new ecosystem tools
- The Solana Foundation is introducing tools that are able to turn websites, apps, social media platforms, and QR codes into launching points for crypto transactions on the Solana blockchain.

2. ZKsync [ZK]
- Introduced Elastic Chain architecture
- This will transition the project from a singular ZK rollup chain to a network of interoperable chains, aiming to improve connectivity among an expanding array of ZK chains in its ecosystem.

3. Tether [USDT]
- Stopped minting USDT on EOS and Algorand
- Tether stopped minting USDT on EOS and Algorand as part of a strategic transition to prioritize community-driven blockchain support.

4. Infrared [-]
- Received investment from Binance Labs
- Infrared is a Berachain liquid staking protocol for BGT, BERA, node infrastructure, and PoL vaults. Earlier this year, Infrared raised $2.5 million in a seed funding round.

5. Swarm [SMT]
- Started to offer tokenized gold via NFTs
- German RWA tokenization platform Swarm Markets will let users buy NFTs, which represent gold ownership. After passing KYC, users will be able to swap the NFTs on a P2P basis.

6. Bondex [BDXN]

- Bondex is a decentralized job portal that offers job opportunities in the blockchain, crypto, Web3, NFT, and other related industries. It allows recruiters to search for talent in decentralized manner.

7. Raiinmaker [COIN]
- Announced the launch of its mainnet
- Raiinmaker has launched on Mainnet, introducing advanced security features, enhanced scalability, and improved interoperability with other blockchains to its AI-powered network.

8. NAVAIX [NAV]
- Introduced its angel investors and backers
- NAVAIX is an innovative platform that combines AI and DEX technologies to provide a robust on-chain trading experience. It integrates the order book model with Automated Market Making

$BTC
$ETH
$BNB
#CryptoPCEWatch #BinanceTournament #Megadrop #MicroStrategy #BTCFOMCWatch
$KLAY Market Analysis The price action of $KLAY on the daily timeframe has bounced back from its horizontal support level, marked between $0.18 to $0.1702. We can expect the price action to fill out its upper candle imbalance level. 📈🚀 As it has broke out its resistance trendline of the pattern level and retested above the level. ➖➖➖➖➖ #Megadrop #altcoins #BinanceLaunchpool #BlackRock #MicroStrategy $BTC
$KLAY Market Analysis

The price action of $KLAY on the daily timeframe has bounced back from its horizontal support level, marked between $0.18 to $0.1702. We can expect the price action to fill out its upper candle imbalance level. 📈🚀

As it has broke out its resistance trendline of the pattern level and retested above the level.
➖➖➖➖➖
#Megadrop #altcoins #BinanceLaunchpool #BlackRock #MicroStrategy
$BTC
⚡️Three analytical services that most professional traders use 🟢 Whalemap Whalemap tracks whale activity and depicts it in the form of "whale maps". The project publishes purchases/sales of large BTC holders to the public. In addition, Whalemap experts analyze onchain metrics and present it in the form of graphs. 🟢Coinglass Coinglass service provides a very wide range of data on the cryptocurrency derivatives market. Among other things, Coinglass allows you to track open interest, funding rates, short and long position ratios, ETF, CME, liquidation data for a selected asset for a specific period. 🟢 Glassnode A powerful analytics service that provides access to onchain data on major cryptocurrencies. Glassnode publishes all information about transactions on blockchains, whale activity, realized and unrealized profits of holders, exchange balances, in the form of charts with explanations. $BTC $ETH $BNB #Megadrop #altcoins #BinanceLaunchpool #BlackRock #ETHETFsApproved
⚡️Three analytical services that most professional traders use

🟢 Whalemap

Whalemap tracks whale activity and depicts it in the form of "whale maps". The project publishes purchases/sales of large BTC holders to the public.

In addition, Whalemap experts analyze onchain metrics and present it in the form of graphs.

🟢Coinglass

Coinglass service provides a very wide range of data on the cryptocurrency derivatives market.

Among other things, Coinglass allows you to track open interest, funding rates, short and long position ratios, ETF, CME, liquidation data for a selected asset for a specific period.

🟢 Glassnode

A powerful analytics service that provides access to onchain data on major cryptocurrencies. Glassnode publishes all information about transactions on blockchains, whale activity, realized and unrealized profits of holders, exchange balances, in the form of charts with explanations.

$BTC $ETH $BNB

#Megadrop #altcoins #BinanceLaunchpool #BlackRock #ETHETFsApproved
📱 Morning coffee ☕📱 ⛓News: Mt. Gox Outflows Continue & Transfers $7.33B in 4 Hours 107,525 Bitcoin moved, now totaling over $7.33 billion. All funds redirected to 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6 After 6 years, this event stirs the #Bitcoin community, highlighting the power of on-chain data. Implications are profound; $68k/BTC vs original $250 buy price underscores Bitcoin's value evolution. #Megadrop #btc70k #altcoins #BinanceLaunchpool #BlackRock $BTC $ETH $BNB
📱 Morning coffee ☕📱 ⛓News: Mt. Gox Outflows Continue & Transfers $7.33B in 4 Hours

107,525 Bitcoin moved, now totaling over $7.33 billion. All funds redirected to 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6

After 6 years, this event stirs the #Bitcoin community, highlighting the power of on-chain data.

Implications are profound; $68k/BTC vs original $250 buy price underscores Bitcoin's value evolution.

#Megadrop #btc70k #altcoins #BinanceLaunchpool #BlackRock $BTC $ETH $BNB
Bitcoin Market Analysis May 28, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (1D) BTC is currently retesting above the bullish flag, and a successful retest would indicate a strong bullish signal in the market. However, if the price falls back inside the flag, it would suggest a market correction. Increased volatility is expected as the monthly candle close approaches. ⚪️WRAP-UP (VIP) BTC is retesting above the bullish flag. A successful retest indicates a strong bullish signal, while falling inside the flag suggests a market correction. Expect volatility near the monthly candle close. $BTC DAILY RANGE: 📈Upper Limit: 70700 📉Lower Limit: 67400 (+-13% based on moving average volatility open/endpoints) 📌SCALP ENTRIES (VIP) (*Advanced traders only - moderate/high risk) 🔵LONG 💲66000 🔴SHORT 💲75000 ➖➖➖➖➖ $BTC $ETH #Megadrop #btc70k #altcoins #BinanceLaunchpool #BlackRock
Bitcoin Market Analysis
May 28, 2024
➖➖➖➖➖
⚪️TECHNICAL (1D)
BTC is currently retesting above the bullish flag, and a successful retest would indicate a strong bullish signal in the market. However, if the price falls back inside the flag, it would suggest a market correction. Increased volatility is expected as the monthly candle close approaches.

⚪️WRAP-UP (VIP)
BTC is retesting above the bullish flag. A successful retest indicates a strong bullish signal, while falling inside the flag suggests a market correction. Expect volatility near the monthly candle close.

$BTC DAILY RANGE:
📈Upper Limit: 70700
📉Lower Limit: 67400
(+-13% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲66000
🔴SHORT
💲75000
➖➖➖➖➖

$BTC $ETH

#Megadrop #btc70k #altcoins #BinanceLaunchpool #BlackRock
QTUM Market Analysis On the daily timeframe, the price action of qtum is consolidating within its descending triangle pattern. Currently, the price action is attempting to bounce back from its horizontal support level. 📈 We need to see a breakout above the descending triangle to confirm further upward movements. A successful retest of this breakout level would further validate the bullish momentum. 🚀🔍 ➖➖➖➖➖ #altcoins #BinanceLaunchpool #BlackRock #Megadrop #ETHETFsApproved $BTC $ETH $QTUM
QTUM Market Analysis

On the daily timeframe, the price action of
qtum is consolidating within its descending triangle pattern. Currently, the price action is attempting to bounce back from its horizontal support level. 📈

We need to see a breakout above the descending triangle to confirm further upward movements. A successful retest of this breakout level would further validate the bullish momentum. 🚀🔍
➖➖➖➖➖

#altcoins #BinanceLaunchpool #BlackRock #Megadrop #ETHETFsApproved $BTC $ETH $QTUM
💎GEM ANNOUNCEMENT💎 Coin: VPR/USDT: Spot Signal (Exchange: Bybit, MEXC, ) 🕯Technical Analysis: VPR has closed a descending trendline with a strong breakout on daily time frame .We can see bullish momentum in it right now because technically this coin looks very strong.This is a very undervalued gem coin so you can buy it and hold it because this coin can easily give 3-5x return in short term and 10-15x in long term #BinanceLaunchpool #altcoins #PEPE‏ #MicroStrategy #buythedip $BNB $BTC
💎GEM ANNOUNCEMENT💎

Coin: VPR/USDT:

Spot Signal (Exchange: Bybit, MEXC, )

🕯Technical Analysis:

VPR has closed a descending trendline with a strong breakout on daily time frame .We can see bullish momentum in it right now because technically this coin looks very strong.This is a very undervalued gem coin so you can buy it and hold it because this coin can easily give 3-5x return in short term and 10-15x in long term

#BinanceLaunchpool #altcoins #PEPE‏ #MicroStrategy #buythedip

$BNB
$BTC
$RLC Market Analysis The price action of $RLC on the daily timeframe is consolidating within a symmetrical triangle pattern, currently respecting its horizontal support level marked between $3.2432 and $3.05. To sustain further upward movement, the price action must hold this support level. 📊🔒 If the support level holds, we could see a potential breakout to the upside, signaling a bullish continuation. Conversely, if the support level fails, a bearish breakdown may occur, leading to further downward movement. Stay alert and monitor the price action closely. ➖➖➖➖➖ #PEPE‏ #BlackRock #altcoins #MicroStrategy #BlackRock $ETH
$RLC Market Analysis

The price action of $RLC on the daily timeframe is consolidating within a symmetrical triangle pattern, currently respecting its horizontal support level marked between $3.2432 and $3.05.

To sustain further upward movement, the price action must hold this support level. 📊🔒

If the support level holds, we could see a potential breakout to the upside, signaling a bullish continuation.

Conversely, if the support level fails, a bearish breakdown may occur, leading to further downward movement.

Stay alert and monitor the price action closely.
➖➖➖➖➖
#PEPE‏ #BlackRock #altcoins #MicroStrategy #BlackRock $ETH
BTCUSD Price action appears to be confirming that and is attempting to retrace off the 66K area minor resistance (See upper arrow). While this price action appears to be bearish it must be considered in light of the broader structure. Since the March peak, Bitcoin has been in consolidation mode (upon completion of 5 waves). This structure represents a broader HIGHER LOW with 56K established as the bottom of the range. This implies that the broader trend continues to be BULLISH even though recent price action has yet to push major resistances. This is a key piece of context because it helps to shape risk and profit potential for the near future. How you navigate this will depend on your risk tolerance and trade style but no matter how you look at it, current prices are unattractive for longs on most time horizons in my opinion. The scenario I anticipate this week (see illustration) is a minor retrace to 64K (old resistance/new support) followed by a momentum continuation into the 70K resistance. If a long confirmation appears, this can play out well for traders on shorter time horizons. While I am optimistic in this regard, I also consider that price CAN break 64K and test 60K again. There is NO way to forecast how the market will behave, ESPECIALLY the longer the time horizon. I prefer to wait for a new allocation on a new token from Binance Launchpool. It will give me more profit with less risks. Trading BTC is very dangerous now. Very bad risk/reward ratio. #PEPE‏ #altcoins #BinanceLaunchpool #BlackRock #buythedip $BTC $ETH $SOL
BTCUSD

Price action appears to be confirming that and is attempting to retrace off the 66K area minor resistance (See upper arrow). While this price action appears to be bearish it must be considered in light of the broader structure.

Since the March peak, Bitcoin has been in consolidation mode (upon completion of 5 waves). This structure represents a broader HIGHER LOW with 56K established as the bottom of the range. This implies that the broader trend continues to be BULLISH even though recent price action has yet to push major resistances. This is a key piece of context because it helps to shape risk and profit potential for the near future.

How you navigate this will depend on your risk tolerance and trade style but no matter how you look at it, current prices are unattractive for longs on most time horizons in my opinion. The scenario I anticipate this week (see illustration) is a minor retrace to 64K (old resistance/new support) followed by a momentum continuation into the 70K resistance. If a long confirmation appears, this can play out well for traders on shorter time horizons.

While I am optimistic in this regard, I also consider that price CAN break 64K and test 60K again. There is NO way to forecast how the market will behave, ESPECIALLY the longer the time horizon.

I prefer to wait for a new allocation on a new token from Binance Launchpool. It will give me more profit with less risks. Trading BTC is very dangerous now. Very bad risk/reward ratio.

#PEPE‏ #altcoins #BinanceLaunchpool #BlackRock #buythedip $BTC $ETH $SOL
📌Very important memos for a trader 1️⃣Develop patience and learn to wait. This is not a field where you have to run first to the finish line. 2️⃣Losing is also part of the game, don't forget that. Only those who have never been on the stock exchange do not have losing trades. 3️⃣Always place stop losses. It's a second thing. 4️⃣If you miss a safe entry point - skip the deal. It is better not to earn than to take additional risks and lose your entire deposit. 5️⃣Do not be lazy. Learn to keep a record of your own trades - both negative and positive. This way, you will be able to go back to any of them at any time to analyze them. 6️⃣It's not always a good idea to go into the unknown. You should know the way out of any trade before you even enter it. 7️⃣No one is going to do the thinking for you. You and only you should take responsibility for all the decisions you make. #BinanceLaunchpool #altcoins #BlackRock #buythedip #PEPE‏ $BTC $ETH $BNB
📌Very important memos for a trader

1️⃣Develop patience and learn to wait. This is not a field where you have to run first to the finish line.

2️⃣Losing is also part of the game, don't forget that. Only those who have never been on the stock exchange do not have losing trades.

3️⃣Always place stop losses. It's a second thing.

4️⃣If you miss a safe entry point - skip the deal. It is better not to earn than to take additional risks and lose your entire deposit.

5️⃣Do not be lazy. Learn to keep a record of your own trades - both negative and positive. This way, you will be able to go back to any of them at any time to analyze them.

6️⃣It's not always a good idea to go into the unknown. You should know the way out of any trade before you even enter it.

7️⃣No one is going to do the thinking for you. You and only you should take responsibility for all the decisions you make.

#BinanceLaunchpool #altcoins #BlackRock #buythedip #PEPE‏ $BTC $ETH $BNB
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