Degen mode activated - lol. | Ben Walther on Binance Square

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Degen mode activated - lol.

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BTC Keeps Battling The EMA200 — Can The CIP Help To Push Through? Bitcoin has been trying to break through the EMA 200 for almost a week, but the crucial moving average has proved to be strong resistance. From a positive perspective, we have to have that the continuous tries to initiate some upward momentum happens during the major BTC sell-off by the German government. Therefore, BTC is doing exceptionally well. Today, we will have a CIP announcement. Forecasts state a CIP of 3.1%. A lower value could be the final spark to initiate bullish momentum. Overall, it looks like it is just a matter of time until Bitcoin and the entire crypto market print some bigger green candles. $BTC

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This is why you wait for the candle closed. As promising as it looked in the morning, it seems like we got rejected one more time. $BTC

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FLOKI Print Bullish MACD Crossover On The Daily Chart — 130% Potential 👀👀! Today, $FLOKI has flashed a bullish MACD crossover on the daily chart. The signal could lead to a profit potential of 130%. Here are the details and how to approach the signal👇👇 The MACD signal on the daily chart is usually highly reliable. Additionally, the backtest second the reliability. However, based on the current chart situation of FLOKI and Bitcoin, it is probably wise to wait for an entry. Here are two requirements that have to be met first: 1️⃣ . Currently, FLOKI is hovering around its support/resistance level of 0.0001450. On the 1D chart, we want FLOKI to close above this level. 2️⃣ Bitcoin is currently tackling its 200 exponential moving average (EMA200). This is a decisive resistance and will impact the next few days. Therefore, we want $BTC to close above the EMA200. If both criteria are met, a two-staged trade setup seems reasonable. As a first profit target, we can use 0.0002 as the next natural resistance. If this resistance breaks, FLOKI could go much higher and try to make a new high around 0.0035. PS: This pattern would also mirror FLOKI's chart action between April and June.

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And the EMA story continues! $BTC pumped nicely but got rejected at the EMA200 once again. So far, this is the fourth day with an EMA200 rejection in a row. However, 5 hours left. I hope Bitcoin will gain some momentum and finally break that resistance.

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Tellor — Bullish MACD Crossover 4H Chart 🚀 It seems like many coins are picking up some bullish momentum. We saw many bullish signals on the 1H chart in the first phase. Moreover, with the latest 4H candle close, many coins have also flashed bullish signs on the 4H chart. $TRB is a good example: The coin printed a bullish MACD crossover. Although the probability of gains >5% is relatively low, the signal backtests showed strong results for gains between 2% and 5%. However, since Tellor printed some red candles on the 4H chart, it might be a good idea to wait for a reversal candle before jumping into it.

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