Is ETH heading towards $5K? 👀

In the chart, the upper limit of the realized price is currently at $5.2K, similar to the market peak in 2021.
The current price of ETH is $3.8K, while the average realized price is $2.3K.

If the supply and demand dynamics continue to strengthen, ETH has everything to surpass $5K.

This Bitcoin cycle is reminiscent of the 2017 bull run.

🔼In the weekly chart, there is a similar structure that suggests a continuation of Bitcoin's growth. Soon we will see if it repeats or not.

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👍SWING - POSITION

The market has two key support levels at $90 thousand and $93 thousand, which is a positive sign that the floor has risen. Trading volume peaks are decreasing, which is a neutral signal indicating that traders are avoiding taking on excessive risks.

Currently, the price is trapped in a narrow range between $99 thousand and $102 thousand. Any significant news could trigger a market movement in either direction.

This is the current macroeconomic situation for BTC from a technical analysis standpoint.

🚀 The coins recently reached a new high

Some cryptocurrencies considered to be high risk and potentially vulnerable to a significant drop are:

*MemeCoins*
1. Dogecoin ($DOGE )
2. Shiba Inu ($SHIB )
3. Dogelon Mars (ELON)
4. Baby Doge Coin BABYDOGE
5. Floki Inu ($FLOKI )

*Low market cap altcoins*
1. SafeMoon (SAFEMOON)
2. EverGrow Coin (EGC)
3. Luna Classic (LUNC)
4. TerraClassicUSD (USTC)
5. Celsius Network (CEL)

*Cryptocurrencies with regulatory issues*
1. Ripple (XRP)
2. Cardano (ADA)
3. Stellar (XLM)
4. Tether (USDT)
5. USD Coin (USDC)

*Cryptocurrencies with technical weakness*
1. Bitcoin SV (BSV)
2. Bitcoin Cash (BCH)
3. Litecoin (LTC)
4. EOS
5. TRON (TRX)

*Factors that may influence the drop*
1. Government regulations.
2. Changes in monetary policy.
3. Stock market decline.
4. Security issues.
5. Competition with new cryptocurrencies.

*Recommendations*
1. Diversify your investments.
2. Research before investing.
3. Set risk limits.
4. Monitor technical indicators.
5. Consult with financial experts.

Source: TradingView, CoinTelegraph, CryptoSlate.

without much explanation this is my analysis of Solana, if it doesn't show signs of a hammer candle or a tall candle with a thick green body. we will see Solana at 175 otherwise we will see Solana reaching its historical maximum or correction .... draw your own conclusions

$SHIB , without much explanation my technical analysis already tells me that it will do $SHIB perpetual

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Updated analysis of Bitcoin:

Current price: $75,689

Indicators:

RSI: 64.62 (not overbought)
MACD: 289.94 (buy signal)
SIGNAL: 1968
Histogram: 923.36 (confirmation of the buy signal)
WMA: 64.186
EMA 20: 63.123
EMA 50: 59.337
EMA 200: 40.764

Scoop pattern:

Broke the scoop resistance

Analysis:

Bitcoin is showing signs of strength:

- RSI below 70, avoids overbought.
- MACD and confirmed buy signal.
- Positive histogram.

The Scoop pattern suggests a trend change:

- Broke the resistance, indicating a possible bullish movement.

Key levels:

- Support: $70,000, $65,000
- Resistance: $80,000, $85,000

Recommendations:

- Consider long position (buy) if it stays above $75,000.
- Set stop loss below $70,000.

Remember that the market is unpredictable. Monitor the indicators and adjust your strategies as needed.

Excellent update of the 1 hour chart!

Analysis:

*Technical Indicators:*

- Histogram: -58.18 (bearish divergence)
- Signal: -334.31 (sell signal)
- MACD: -394.70 (strong sell signal)
- RSI: 28.7 (oversold)

*Moving Averages:*

- EMA200: 69.500 (key resistance)
- EMA50: 69.129 (secondary resistance)
- WMA35: 68.677 (dynamic support)

*Current Price:* 67.770

*Analysis:*

- Bearish divergence on the histogram and MACD suggests a continuation of the bearish movement.
- RSI in oversold zone indicates a possible bounce, but not necessarily a change of trend.
- Moving averages (EMA200, EMA50 and WMA35) are above the current price, suggesting a bearish trend.

*Possible scenarios:*

1. *Bearish continuation:* Target price: 65,000 - 63,000.
2. *Rebound:* Target price: 69,000 - 70,000 (key resistance).
3. *Consolidation:* Price range: 67,000 - 69,000.

*Strategies:*

1. Sell: At resistance of 69,000 with stop loss above 70,500.
2. Buy: At support of 65,000 with stop loss below 63,500.

Remember that the market is unpredictable and it is important to adapt to changes. What is your current strategy?

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~The drop in the price of Bitcoin (BTC) to around $70,696.37 could be indicative of a bearish trend in the cryptocurrency market¹. However, it is important to note that the cryptocurrency market is highly volatile and subject to rapid changes.

Some technical analysts suggest that Bitcoin may be approaching a symmetrical triangle pattern, which could indicate a trend breakout². Other analysts point to the possibility of a correction down to $65,600 before a potential recovery².

It is essential to remember that price predictions are uncertain and can vary depending on several factors, including global economic factors and market events.

*Factors that may influence the price of Bitcoin:*

- _Market trends_: Changes in market sentiment can affect the price of Bitcoin.
- _Global economic events_: Changes in the global economy can influence the price of Bitcoin.
- _Technological developments_: Advances in blockchain technology could affect the price of Bitcoin.

For updated information on the price of Bitcoin, it is recommended to consult reliable sources such as TradingView or Binance¹².~

Based on the technical analysis I provided, for a short position in Bitcoin with an entry at 70,590. Below, I present an interpretation of the indicators I mentioned:

*Trend Indicators:*

- BB (Bollinger Bands):
- UPPER: 72,526 (resistance)
- MEDIAN: 67,824 (support)
- LOWER: 63,1116 (strong support)
- WMA 35: 67,012 (support)
- EMA 50: 65,177 (support)
- EMA 200: 63,304 (long-term support)

*Momentum Indicators:*

- RSI (Relative Strength Index): 60.7 (not overbought or oversold)
- MACD (Moving Average Convergence Divergence):
- MACD Line: 1960.45
- Signal: 1680.58
- Histogram: 282.79 (indicating an increase in the strength of the movement)

*Analysis:*

- The entry at 70,590 is above the support of the 35-period moving average (WMA 35) and the support of the middle Bollinger band (BB MEDIAN).
- The RSI does not indicate overbought or oversold conditions.
- The MACD shows an increase in the strength of the movement, but the divergence between the MACD line and the signal is not clear.

*Trading Strategy:*

- Consider setting a stop-loss above the resistance of the BB UPPER (72,526).
- Set a profit target at the support of the BB LOWER (63,1116) or at the long-term support of the EMA 200 (63,304).
- Monitor the RSI and MACD to adjust your strategy according to changes in market momentum.

Remember that technical analysis is not an exact science and there is always risk in trading. Make sure to manage your risks appropriately.

$SOL
Decision confirmed!

_Maintain the LONG position_

- Reevaluate the position at $190

_Market analysis_

- Ongoing upward trend
- High trading volume
- Resistance at $185-$187

_Technical indicators_

- RSI: 73.5
- MACD: 5.32
- Histogram: 1.09
- EMAs: 50 ($176.2), 100 ($172.3), 200 ($167.4)

_Recommendations_

- Maintain the LONG position
- Be alert to overbought signals
- Reevaluate the position at $190

_Key levels_

- Support: $180-$181
- Resistance: $187-$190

What action are you going to take if...

1. The price rises to $190
2. The price falls to $182
3. Important news occurs in the market
4. The RSI reaches 80

Choose an option to simulate the situation.

Remember that it is important to monitor the market and adjust your strategy as needed.

$SOL IMPORTANT NEWS in the market!

_An important news item occurs in the market_

- Source: Bloomberg
- Title: "Solana receives an investment of $100 million from a venture capital fund"

_News analysis_

- The investment could boost Solana's adoption
- The venture capital fund has experience in technology investments
- The news may generate an increase in investor confidence

_Market impact_

- Solana's price rises by 5% in 1 hour
- Trading volume increases significantly
- RSI rises to 72.2

_Indicator update_

- RSI: 72.2
- MACD: 5.01
- Histogram: 1.02
- EMAs: 50 ($175.2), 100 ($170.9), 200 ($165.4)

_Recommendations_

- Maintain LONG position
- Adjust stop-loss to $180.50
- Consider taking partial profits at $185

_Key levels_

- Support: $180-$181
- Resistance: $185-$187

What action are you going to take?

1. Maintain LONG position
2. Adjust stop-loss
3. Take partial profits
4. Close position

. !!! .. AND REMEMBER ..!!
👇

"PATIENCE is the MOTHER of SCIENCE, and in TRADING, it is the MOTHER of PROFITS 💯

💚❤️💚🤑🤑🤑💚🤑🤑🤑💚❤️💚

$BTC Bitcoin dominance is at a crucial moment. It recently hit a new yearly high of 58% amid a crypto and stock market crash¹. However, if we consider the 200-day pattern I mentioned, with 50 weeks of decline and 150 weeks of growth, we may be close to a turning point.

The previous decline cycle ended in December 2021 near the 40% support, and if the pattern repeats itself, Bitcoin dominance COULD START FALLING as late as OCTOBER 2025². This is consistent with my analysis that the current cycle is one of growth and ends in a week.

It is important to note that the crypto market is volatile and can be influenced by many factors. However, if the pattern holds, we could see a shift in Bitcoin dominance in the coming months.

*Factors to consider:*

- _Market Cap_: Bitcoin dominance is measured relative to the total market cap of cryptocurrencies ³.
- _Market Trends_: Cryptocurrency and stock market crashes can influence Bitcoin dominance ¹.
- _Historical Patterns_: The 200-day pattern may be an indicator of a shift in Bitcoin dominance ².

In short, while there is no certainty, the analysis of the 200-day pattern suggests that Bitcoin dominance could reverse soon. It is important to keep an eye on changes in the market and adjust your strategies as needed.

$SOL
When an asset, such as Solana (SOL) in USDT, is referred to as having “broken resistance”, it means that the price has broken through previously established price levels that acted as barriers to price increases. This can be a sign that the asset could continue to rise, as the breaking of resistance often indicates a shift in supply and demand.

As for EMAs (Exponential Moving Averages), when the 50-period EMA crosses above the 200-period EMA, it is a bullish signal, suggesting that the asset could be in a positive long-term trend. Similarly, if the 35-period EMA powerhouse also crosses above the 200-period EMA, this reinforces the bullish signal. In short, these crossovers can be indicators of a possible increase in the asset’s price in the future.