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Bitcoin (BTC) Analysis - June 1, 2024 - #BTC
The BTC market is showing signs of short-term recovery:
The price is supported by the short-term bottom: The monthly candlestick chart shows a high possibility that June will have positive developments for BTC.
The H4 candle shows weak selling force: Yesterday's selling force was not strong enough to pull the price lower than the opening price and the highest of the 23h candle, showing a high possibility of recovery.
Short-term buying opportunity: The "Discount zone" (green zone) on frame M15 is a potential buying point.
Opportunity to buy altcoins: When BTC reaches the low price range, you can consider buying more altcoins to diversify your investment portfolio.
Advice:
Carefully monitor the market and only invest money that you can afford to risk losing.
You should allocate capital appropriately between BTC and altcoins to minimize risks.
Quotes that attract readers:
"June - Month of New Opportunities for Bitcoin and Altcoins!"
Note:
This analysis is for reference only, not investment advice.
Because the market fluctuates continuously, you should update the latest information before making investment decisions.
Wishing you a successful trading day!#StartInvestingInCrypto #binance #bitcoin #ethereum #EarnFreeCrypto2024
The BTC market is showing signs of short-term recovery:
The price is supported by the short-term bottom: The monthly candlestick chart shows a high possibility that June will have positive developments for BTC.
The H4 candle shows weak selling force: Yesterday's selling force was not strong enough to pull the price lower than the opening price and the highest of the 23h candle, showing a high possibility of recovery.
Short-term buying opportunity: The "Discount zone" (green zone) on frame M15 is a potential buying point.
Opportunity to buy altcoins: When BTC reaches the low price range, you can consider buying more altcoins to diversify your investment portfolio.
Advice:
Carefully monitor the market and only invest money that you can afford to risk losing.
You should allocate capital appropriately between BTC and altcoins to minimize risks.
Quotes that attract readers:
"June - Month of New Opportunities for Bitcoin and Altcoins!"
Note:
This analysis is for reference only, not investment advice.
Because the market fluctuates continuously, you should update the latest information before making investment decisions.
Wishing you a successful trading day!#StartInvestingInCrypto #binance #bitcoin #ethereum #EarnFreeCrypto2024
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BTC update: Candle retreats after failed breakout attempt - Opportunity to sell when price reaches support zone?
As you can see, this morning Bitcoin had a promising breakout attempt when creating a new peak. However, the upward momentum was not maintained long term and the price has turned down sharply, currently trading below 68,000 USD.
Is this a sign that the short-term downtrend has returned?
Detailed analysis:
Price chart:
After the missed breakout, BTC formed a retreat candle with high liquidity, showing that selling pressure is increasing.
The price is currently trading below the critical support zone of $68,000.
Indicator:
MACD is showing a bearish divergence signal, reinforcing the possibility of a price decrease.
RSI is in the neutral zone, showing that the market lacks a clear trend.
Trading opportunities:
Provide:
Sell bet: When the price returns and confirms the support zone of 68,000 USD.
Stop loss: Above the breakout peak area (about 70,000 USD).
Catch:
Buy bet: When the price has a clear reversal signal, such as a bullish engulfing candle forming or the MACD signal crossing above.
Stop loss: Below the strong support zone of 66,000 USD.
Note:
The cryptocurrency market is highly volatile and difficult to predict. Therefore, you need to always adhere to strict capital management principles and only trade with an amount of money that you can accept loss.
This analysis is for reference only, not investment advice.
Wish you luck! #EarnFreeCrypto2024 $BTC #binance #Web3
As you can see, this morning Bitcoin had a promising breakout attempt when creating a new peak. However, the upward momentum was not maintained long term and the price has turned down sharply, currently trading below 68,000 USD.
Is this a sign that the short-term downtrend has returned?
Detailed analysis:
Price chart:
After the missed breakout, BTC formed a retreat candle with high liquidity, showing that selling pressure is increasing.
The price is currently trading below the critical support zone of $68,000.
Indicator:
MACD is showing a bearish divergence signal, reinforcing the possibility of a price decrease.
RSI is in the neutral zone, showing that the market lacks a clear trend.
Trading opportunities:
Provide:
Sell bet: When the price returns and confirms the support zone of 68,000 USD.
Stop loss: Above the breakout peak area (about 70,000 USD).
Catch:
Buy bet: When the price has a clear reversal signal, such as a bullish engulfing candle forming or the MACD signal crossing above.
Stop loss: Below the strong support zone of 66,000 USD.
Note:
The cryptocurrency market is highly volatile and difficult to predict. Therefore, you need to always adhere to strict capital management principles and only trade with an amount of money that you can accept loss.
This analysis is for reference only, not investment advice.
Wish you luck! #EarnFreeCrypto2024 $BTC #binance #Web3
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Bitcoin (BTC) Analysis - May 30, 2024
Current price:
Trading around 67.9xx - 68k.
Chart:
Form a triangle pattern with:
Bottom: 65.8xx - 66k.
Peak: 75.8k.
The price is currently testing resistance at the upper trendline of the triangle.
Analysis:
In case of Bull (increase):
Confirmed breakout:
Price needs to surpass and maintain above 68k (new peak).
Trading volume needs to increase to confirm bullish momentum.
Target increase:
71.6k: Fibo level 61.8% of the increase from 65.8xx - 75.8k.
75.8k: Latest historical peak.
Bear case (bearish):
Fail-Break:
Price fell and traded below 68k.
Reduction goal:
65.8xx - 66k: Bottom of the triangle pattern.
62.8k: 78.6% Fibo level of the increase from 65.8xx - 75.8k.
Note:
The cryptocurrency market is highly volatile and difficult to predict.
Investment discipline and careful risk management should be followed.
Conclude:
It is still too early to determine Bitcoin's next trend.
It is necessary to monitor prices and trading volume closely to make appropriate trading choices.
Disclaimer:
This analysis is for reference only, not investment advice.
Investors need to take responsibility for their own choices. #EarnFreeCrypto2024 #binance #btc #bnb #bitcoin
Current price:
Trading around 67.9xx - 68k.
Chart:
Form a triangle pattern with:
Bottom: 65.8xx - 66k.
Peak: 75.8k.
The price is currently testing resistance at the upper trendline of the triangle.
Analysis:
In case of Bull (increase):
Confirmed breakout:
Price needs to surpass and maintain above 68k (new peak).
Trading volume needs to increase to confirm bullish momentum.
Target increase:
71.6k: Fibo level 61.8% of the increase from 65.8xx - 75.8k.
75.8k: Latest historical peak.
Bear case (bearish):
Fail-Break:
Price fell and traded below 68k.
Reduction goal:
65.8xx - 66k: Bottom of the triangle pattern.
62.8k: 78.6% Fibo level of the increase from 65.8xx - 75.8k.
Note:
The cryptocurrency market is highly volatile and difficult to predict.
Investment discipline and careful risk management should be followed.
Conclude:
It is still too early to determine Bitcoin's next trend.
It is necessary to monitor prices and trading volume closely to make appropriate trading choices.
Disclaimer:
This analysis is for reference only, not investment advice.
Investors need to take responsibility for their own choices. #EarnFreeCrypto2024 #binance #btc #bnb #bitcoin
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
A few days ago, a profitable method on CoinMarketCap was shared. There's always a profit to be made with the right strategies. Here’s a step-by-step guide to help maximize earnings using Cyber Coin on Binance.
Search Cyber Coin: Go to CoinMarketCap and look for Cyber Coin.
Market Comparison: Check the different exchanges selling Cyber. Notice the price differences.
Buy Low, Sell High: On Binance, buy Cyber with USDT at a lower price.
Sell on Binance: Sell Cyber on a different pair for a higher price. Example: Buy Cyber/USDT at $6.12 and sell Cyber/TRY at $6.29.
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Steps in Detail:
Open Binance: Ensure you have capital. Start with as little as $10, but more capital means more profit.
Buy Cyber: Buy Cyber/USDT. For example, $1,000 will give approximately 163.23 Cyber.
Sell Cyber: Sell Cyber for TRY. Note the amounts and set your sell limit higher than the current selling price.
Swap Back to USDT: Convert TRY back to USDT. Ensure the exchange rate is profitable.
Important Tips:
Speed Matters: Be quick to catch the price differences.
Monitor Prices: Profits can fluctuate. Always check current rates before trading.
Simulation: Always simulate trades to ensure profitability.
Stay tuned for more crypto insights! 👍 Generous contributions support the mission, enabling diligent work to provide the best investment advice. Tips are instrumental in enhancing efforts to serve better.
Disclaimer: This strategy involves risks. Ensure to understand the market dynamics before investing. Happy trading!
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