📈Falling Wedge Pattern🚀: - The $ARB (Arbitrum) chart displays a falling wedge pattern, which is typically a bullish reversal signal. Falling wedges often indicate a potential upward breakout, especially when found at the end of a downtrend.
✅Currently, $ARB is testing a breakout ✅Support and Resistance Levels: - Support Zone: There’s a strong support zone around $0.46, This level has held several times, making it a key area for potential buying pressure. - Resistance Zone: A around $0.87 represents a resistance area that could serve as the next major price target if ARB manages a breakout.
A confirmed breakout would ideally close above this zone.
3. Breakout Target: - The projected target following the breakout appears to be around $1.22, with a potential upside of about 120% from the current price #ARBLONG $ARB
A rising wedge is generally considered a bearish pattern, meaning there is a higher probability of a breakdown than a breakout.
Possible Price Movements:
Breakdown (Bearish Scenario - More Likely) If BTC breaks below the lower trendline of the wedge, it could lead to a sharp decline. Potential support levels: $82,500, $80,000, or even $72,500 if selling pressure increases.
Breakout (Bullish Scenario - Less Likely but Possible) If BTC breaks above the upper trendline, it could invalidate the bearish structure. Resistance levels: $87,500 and then $90,000+ if momentum builds. Watch the volume closely—if a breakdown happens with high volume
it confirms the bearish move.
A breakout with strong volume could suggest bullish continuation. #BTC
With such a despair, anger, frustration, liquidation and capitulation in the market, looking at a weekly chart like makes me feel like MMs have done their thing nicely. All those short term leverage players have been eliminated. Max pain is 10-15% downside. We are either bottomed, if not, then very close to bottom.
Accumulate Altcoins wisely and have patience to hold them for next couple of months for Multi Folding gains 📈
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The Dark Secrets of Crypto: A Game of Illusions? In a world obsessed with digital money, cryptocurrency has emerged as both a revolutionary force and a mysterious enigma. While millions pour their hard-earned money into crypto, few ask the real questions: Where are the main servers or the "main switch" of cryptocurrencies located? Who truly controls these digital assets? Are crypto companies secretly running hacking software to manipulate markets? Where do these companies actually invest their profits? Speculation Over Economics The crypto market thrives on speculation, not solid economics. Prices skyrocket overnight, only to crash the next day. Transparency is just a myth—no one really knows the insiders pulling the strings.
A Western Strategy? There’s a growing belief that crypto is being used as a financial trap by the West. The cycle is simple:
People convert their local currency into dollars and euros to buy crypto. Crypto companies and whales collect these real-world currencies. A market crash wipes out retail investors, leaving them with nothing but regret. The rich, who now hold dollars and euros, launch new crypto projects and restart the cycle. The Rahu Connection In astrology, crypto is often associated with Rahu, the planet of illusions, deception, and manipulation. Just like Rahu, crypto operates in shadows—its biggest players remain faceless, and its rules are ever-changing. It's a game of uncertainty, played by those who understand the art of illusion😂😂 The Reality Check While crypto promises decentralization, the truth is that power still rests in the hands of a few. The question is: Are you the player, or are you just a pawn in a bigger game?
🇮🇳 JUST IN: India’s Dantewada district has digitized over 700,000 land records dating back to the 1950s and secured them on the Avalanche blockchain to ensure transparency and prevent tampering.
📌 Bitcoin may trade between $80K and $100K for the next 2-3 months, according to a CryptoQuant analyst, who identifies this as the third correction phase within the bull cycle that started in early 2023.
🇺🇸 President Trump says a "US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration"
Actually very bullish but I feel like bottom isn't in yet. By March mid, we'll likely see another low so I'm not keen on buying these green today's candle