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PROFIT_PILOT
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#BTC #Bitcoin $BTC #Halving Hey guys, bitcoin has formed a falling wedge pattern, when broken there could be a short term long trade. At the moment I am watching for a breakdown of 64k and want to see increased volume in confirmation. If we see a false breakdown of 60k and a quick retracement before the wedge breakdown, it will be another confirming bullish factor, in case of a false breakdown we can look for an entry point lower than 64k. The targets of the wedge will be 66-67-68 thousand. Cancel this scenario consolidation below 60k, in this case we will need to look for a set up for sale. Always DYOR. Stay tuned.

#BTC #Bitcoin $BTC #Halving

Hey guys,

bitcoin has formed a falling wedge pattern, when broken there could be a short term long trade. At the moment I am watching for a breakdown of 64k and want to see increased volume in confirmation. If we see a false breakdown of 60k and a quick retracement before the wedge breakdown, it will be another confirming bullish factor, in case of a false breakdown we can look for an entry point lower than 64k. The targets of the wedge will be 66-67-68 thousand. Cancel this scenario consolidation below 60k, in this case we will need to look for a set up for sale.

Always DYOR.

Stay tuned.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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#Bitcoin #BTC #BTC₿ $BTC Hey guys, bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying). Stay tuned.
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#HG #COPPER Hey guys, let's take a little break from crypto and look at metals, maybe someone will be interested in this, besides copper is called the barometer of economic health. Copper showed a great trend from March to May, only thanks to copper we managed to make a significant increase in deposit. At the moment the demand for the metal is increasing on the world markets, the Chinese economy is recovering and coming out of recession and we may see a continuation of the trend. Seasonal statistics tells us about weakness in May, and stronger June-July, so we should be ready for a sideways or unloading formation. At the moment, there is technically a trend breakdown on the chart, and it makes sense to pick up the drawdowns and continue to work from the buys. Stay tuned.
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#XRP #XRPL #xrpstablecoin $XRP Hey guys. This is an update on XRP. And this time there is something besides charts. 4.05. Ripple (parent company of XRP), which provides corporate financial services to businesses, announced the release of a stablecoin on the XRPL and Ethereum blockchain, with plans to release a stablecoin on other blockchains in the future. The coin will be linked 1-to-1 to the U.S. dollar, and backed by cash or equivalent, short-term U.S. government treasuries. The stablecoin is expected to be available later this year, after regulatory approval. To better understand how it will work and look, we can make an analogy with the TRON blockchain. There is the TRON blockchain, which has a TRX coin, and on this blockchain there is a stable coin USDT of TRC 20 standard. In the case of XRP, it would look like this as I understand it. An XRPL blockchain that has an XRP coin and on that blockchain a stable coin such as USD(X) will be created. After that I expect the new stablecoin to compete with existing coins. According to Ripple's statement both XRP and USD (X) coins will be used in the payment solution. Technically on the chart we can see that the price is trying to break the downtrend, and break the consolidation, in case of consolidation above 0.55 will be the absorption of the bearish candle from April 13, and may open the way to the zone of 0.6-0.65- 0.7$. Most likely, we will see that a big player will push the price up, working ahead (buy rumors), and on the release of a stable coin will be unloaded on the crowd (sell facts). I will be on the side of the big player. DYOR. Stay tuned.
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#BTC #Bitcoin #Midterm #BTC☀️ Hey guys, this is a weekly update on bitcoin. Last week we talked to you about buying above 64k but there was no entry point. And if you hold a position it makes sense to keep holding until the stop zone is touched. I also warned that there may be gains and tests of supports, especially in altcoins. What we saw was that the price went below 60 thousand, it happens, but the sharp return is like a classic false breakout and is a bullish set up. Bitcoin came back above 62k again on the back of a statement by the head of Fidelity (5 trillion fund) that pension funds are considering bitcoin and other cryptocurrencies as assets. But that's not the main thing that helped the quotes rise. This week the head of the Fed said that he does not see the need to keep the rate high in the current situation, and in addition, yesterday came out macro statistics on the labor market, the data came out worse than expected and the weakening of the labor market was one of the main markers for a rate cut. Therefore, the probability of the first rate cut shifted to July. Risky assets reacted with growth - stock indices rose by 2% bitcoin +6%. Against this backdrop, I think that the price will return to the zone of 67 and 72 ths. Cancel scenario consolidation below 60 ths. DYOR. Stay tuned.
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#BTC #BTCETF Hey guys, hope you're okay. Since the last update at the end of April, we see that the outflows from the Bitcoin ETF have led to a continuation of the correction, and the bitcoin price has broken through 60K support. Also on the chart we can see that this process is continuing and 1.05 was an all time high of 567 mln $. The good news is that we are now seeing some recovery and it is worth watching how the price will behave when it reaches 60-61K, whether we will see a bounce or the price will return to the range. Stay tuned.
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