Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Deranged_Soul
--
・
334 views
Follow
Reversal Patterns - Bearish & Bullish #educational_post #BTC🌪️ #CryptoWatchMay2024 $BTC
Reversal Patterns - Bearish & Bullish
#educational_post
#BTC🌪️
#CryptoWatchMay2024
$BTC
Disclaimer: Includes third-party opinions. No financial advice.
See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
Deranged_Soul
@Square-Creator-4b4e94673
Follow
Explore More From Creator
Terraform Labs and co-founder Do Kwon, after being found liable for fraud by a New York jury last month, told a judge they shouldn’t have to pay the $5.3 billion fine requested by US regulators. #DoKwon #TerraLabs
--
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" $67,500, according to a crypto trader. Bitcoin’s price could see a bullish trend reversal and “propel the next leg up” if the popular trading indicator known as the inverse head and shoulders pattern is confirmed, according to a crypto trader. "If we don't break straight through $67.5k then something like this forming over the next month would make sense for a bottom pattern reversal,” crypto trader Matthew Hyland explained in a May 4 post on X. He is referring to the inverse head and shoulders pattern — a bullish indicator which signals the downtrend is easing, and buyers are becoming more dominant in the market. “It would be a great setup to propel the next leg up,” he declared. Although it is crucial that Bitcoin holds above its short-term holder price of $59,500 to "maintain its bullish trend," pseudonymous crypto analyst and co-founder of CMCC Crest Willy Woo told his 1.1 million X followers on May 3. The setup appears when Bitcoin’s price forms three troughs below a so-called neckline resistance, with the middle trough — otherwise known as the head — deeper than the left and right shoulder. Bitcoin’s price has slightly rebounded from the “head" at $58,614 on May 1, and if the pattern continues as Hyland’s model suggests, it will find support around its second shoulder, at $60,000 — a key support level. The decline would represent a 5% from its current price of $63,350, as per CoinMarketCap data. Dropping to this level would liquidate $530 million in long positions, according to CoinGlass data. According to Hyland's model, Bitcoin may rise above the neckline and exceed its current all-time high of $73,800 by June. On top of this, buyer interest in the crypto market is slowly increasing, according to the Fear and Greed Index. source : cointelegraph $BTC #BullishMay #BullishVibesOnly
--
#EducationalContent Continuation Patterns -- Bearish & Bullish. • Bullish continuation patterns help you to assess the continuation of price growth, providing you with buy signals. • Bearish continuation patterns that allow you to assess a continuation in the price decrease, providing you with sell signals. #CryptoWatchMay2024 #BTC #BullorBear
--
Latest News
Mark Cuban Criticizes SEC's Cryptocurrency Policies, Predicts Impact On Biden's Election
--
Circle Issues and Redeems 2 Billion USDC in a Week, Reducing Circulation by 100 Million
--
Global Liquidation of Cryptocurrencies Totals $44.96 Million in 24 Hours
--
Bitcoin(BTC) Drops Below 61,000 USDT with a Narrowed 0.17% Increase in 24 Hours
--
Hong Kong Asset Managers Strive to Develop Cryptocurrency-Based ETFs
--
View More
Trending Articles
BTC Spot ETF vs BTC Spot Trading: A Guide for Beginners in the World of Bitcoin Investment
koinmilyoner
Prices and news of the crypto Solana (SOL), Dogecoin (DOGE) and Jupiter (JUP)
The Cryptonomist
EigenLayer's EIGEN Airdrop Might Signal Demise of Once-Popular 'Points'
CoinDesk
Pro-XRP Lawyers Predict Ripple Will Lose Motion Against SEC Even As XRP Army Anticipates $3 High
ZyCrypto
Bitcoin Mining Difficulty Sees Sharpest Drop Since December 2022
COINCU
View More
Sitemap
Cookie Preferences
Platform T&Cs