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Portable Detective07
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Dear Family; . . . GMT has broken out of a long-term falling wedge pattern and a resistance level of $0.22. The $0.22 resistance level now acts as strong support for GMT. Another long-term resistance level of $0.30 has been broken recently. I emphasizes the significance of these resistance levels. GMT has broken the lower bands of the Ichimoku Bish Cloud but struggles with the upper bands. There's an inverse head and shoulders pattern forming, indicating a potential breakout of the Ichimoku Bish Cloud and neckline. A recent trade signal yielded a 60% buying opportunity and a 21% increase on the four-hour chart. The analysis highlights the resistance of a long-term downtrend line and the neckline of the inverse head and shoulders pattern. It's expected that GMT will break out above the neckline instead of breaking down below the shoulder. #Trading #STEPN $GMT

Dear Family;

.

.

.

GMT has broken out of a long-term falling wedge pattern and a resistance level of $0.22.

The $0.22 resistance level now acts as strong support for GMT.

Another long-term resistance level of $0.30 has been broken recently.

I emphasizes the significance of these resistance levels.

GMT has broken the lower bands of the Ichimoku Bish Cloud but struggles with the upper bands.

There's an inverse head and shoulders pattern forming, indicating a potential breakout of the Ichimoku Bish Cloud and neckline.

A recent trade signal yielded a 60% buying opportunity and a 21% increase on the four-hour chart.

The analysis highlights the resistance of a long-term downtrend line and the neckline of the inverse head and shoulders pattern.

It's expected that GMT will break out above the neckline instead of breaking down below the shoulder.

#Trading #STEPN $GMT

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🚨 #BITCOIN Alert !!!! It’s finally happening … . . . . 🪷 Bitcoin Update - Bitcoin broke out of a falling wedge pattern and retested support, leading to a massive candle. - The breakout is not yet confirmed, but the pattern suggests a potential move to $72,000. - The dollar (DXY) is being held down, which is bullish for Bitcoin and risk assets. 🪷 On-Chain Analysis - Whales are buying up Bitcoin, with one entity buying every time the price dips. - Open interest is down, while spot buying is increasing, indicating accumulation. - The relationship between market cap and hash rate suggests we are not near the cycle top. 🪷 Institutional Investment - The Bitcoin ETF launch was the most successful of all time, with $50 billion in assets and $10 billion in net flows. - Professional investors, including firms that manage money for Yale and Princeton, are allocating to ETFs. - A Boston-based hedge fund has accumulated $363 million worth of Bitcoin ETF shares. 🪷 Seasonality and Cycles - Bitcoin is in the "spring" phase of its cycle, with the potential for massive price movements. - The Bitcoin power law suggests we are only in the middle of the cycle. - The seasonality of Bitcoin's price action is similar to 2021, with a potential bear trap forming. 🪷 Altcoins and Risk - There have been almost 1 million new crypto tokens created in the last month, diluting interest in Bitcoin. - Most altcoins will not survive, but some have the potential for massive upside. - Be cautious when investing in altcoins and do your research. 🪷 Conclusion - The next 6 months are crucial for Bitcoin's price action. - The author is still bullish on Bitcoin and expects a massive price surge into the end of the year. #buythedip #bitcoin #trading #BlackRock $BTC
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