LIVEArwinAlgo
@ArwinAlgo
Misyonu para kazanmanıza ve servetinizi büyütmenize yardımcı olmak olan #bitcoin #borsa ve #kripto yatırımcısı ArWin Ekibi.
Following
Followers
Liked
Shared
See original
BTC UPDATE
The price broke the strong descending trend line and is now holding above it.
It definitely indicates an uptrend. However, I wouldn't recommend going ALL IN at the current price. I waited for a drop to $64k to release this update.
We could see a wave towards the $63,000 support level (and even a minor fake breakdown of this level). The best option for now is to place buy orders in a staircase pattern in the $62,500 to $64,000 range.
The price broke the strong descending trend line and is now holding above it.
It definitely indicates an uptrend. However, I wouldn't recommend going ALL IN at the current price. I waited for a drop to $64k to release this update.
We could see a wave towards the $63,000 support level (and even a minor fake breakdown of this level). The best option for now is to place buy orders in a staircase pattern in the $62,500 to $64,000 range.
See original
🔻 Meanwhile, the market continues to record outflows from the Bitcoin Spot ETF, these outflows are already lasting 5 days in a row!
However, we can see that the positive dynamic of the exits is decreasing; While it was -5100 BTC on March 19, it was only -812 BTC yesterday, March 22.
This correction is logically coming to an end.
However, we can see that the positive dynamic of the exits is decreasing; While it was -5100 BTC on March 19, it was only -812 BTC yesterday, March 22.
This correction is logically coming to an end.
See original
🏵 We continue the topic with Bitcoin &#OTHERS(Total Market Cap excluding Top 10 coins)
The chart right now looks very similar to what we saw in 2020. While Bitcoin price was breaking ATH, OTHERS were ending consolidation and preparing to break the second highest resistance!
Bitcoin always takes the first step and Altcoins follow. Currently we can see the same picture: While Bitcoin is breaking the previous ATH of $69,000, Altcoins are preparing to break the second highest resistance (orange rectangular zone).
When it breaks, a huge altcoin season will begin, just like at the beginning of 2021!
The chart right now looks very similar to what we saw in 2020. While Bitcoin price was breaking ATH, OTHERS were ending consolidation and preparing to break the second highest resistance!
Bitcoin always takes the first step and Altcoins follow. Currently we can see the same picture: While Bitcoin is breaking the previous ATH of $69,000, Altcoins are preparing to break the second highest resistance (orange rectangular zone).
When it breaks, a huge altcoin season will begin, just like at the beginning of 2021!
See original
🧐 Remember when we compared March 2024 to March 2017?
Both loops look very similar in terms of total 2 behavior.
What if we look at Bitcoin right now? Surprisingly, they look the same.
Follow the chart: price touches the ATH -> breaks it on the second try -> consolidates above it -> creates divergence there -> falls below the level again
In my opinion, the probability of this scenario happening now is quite high. There will be a detailed Bitcoin update in the next article.
Both loops look very similar in terms of total 2 behavior.
What if we look at Bitcoin right now? Surprisingly, they look the same.
Follow the chart: price touches the ATH -> breaks it on the second try -> consolidates above it -> creates divergence there -> falls below the level again
In my opinion, the probability of this scenario happening now is quite high. There will be a detailed Bitcoin update in the next article.
