$BTC is forming a rising wedge pattern as well which is a be | lutfurenvoy on Binance Square

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$BTC is forming a rising wedge pattern as well which is a bearish pattern. No reason to close this trade right now!!

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Analyzing the PEPE/USDT Chart Disclaimer: This analysis is based on the provided chart and does not constitute financial advice. Always conduct thorough research before making investment decisions. Key Observations * Price Action: * The price of PEPE/USDT has experienced a notable increase over the past 24 hours. * The current price is above the 24-hour high, suggesting a strong bullish momentum. * The volume has also increased, indicating heightened interest and activity. * Technical Indicators: * RSI: The Relative Strength Index (RSI) is currently above 70, indicating overbought conditions. This suggests that the price might be due for a potential correction or pullback. * MACD: The Moving Average Convergence Divergence (MACD) line is above the signal line, suggesting a bullish trend. However, the MACD histogram is starting to flatten, which could indicate a potential slowdown in the bullish momentum. * Bollinger Bands: The price is currently above the upper Bollinger Band, indicating an overbought condition. A break below the upper band could signal a potential reversal. * Order Book: * The bid-ask spread appears relatively tight, which can be a positive sign for liquidity. * The depth of the order book on both the bid and ask sides seems sufficient, indicating a reasonable level of support and resistance. Potential Scenarios * Continued Upward Trend: * If the price can maintain its momentum and break above the current resistance levels, it could continue to appreciate. * A sustained increase in volume would support this scenario. * Pullback or Correction: * Given the overbought conditions indicated by the RSI and Bollinger Bands, a pullback or correction to a more sustainable price level is possible. * The MACD histogram flattening could also signal a potential pause in the uptrend.#PEPE_EXPERT $PEPE

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$BTC $BTC VIP Analysis SEPTEMBER 10th, 2024 ------------------- BIAS: Mid-Term: BEARISH Short-Term: BULLISH -------------------- On the H4 timeframe, the price action of $BTC has completely filled its FVG gap level, which was marked between $55,845 and $55,013. 📊 Additionally, the price action broke out of its trendline and is consolidating above the horizontal support level between $56,423 and $55,887. To continue the upward price movement, the price action needs to retest this level. 🔄📈 ----------------- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $56,790 ⬆️LONG⬆️ $55,887 PREDICTED DAILY RANGE $55,767 to $59,856 --------------------

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$BTC DOMINANCE UPDATE: -------------------- The price action on the H4 timeframe has filled out the FVG gap and squeezed out all the liquidity levels marked between 56.82% and 56.79% 📊. Currently, it is bouncing back from its horizontal support level and forming a lower high. We can expect further upward price movement 📈. -------------------- Follow for more updates $BTC

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$BTC VIP Analysis MAY 21, 2024 ------------------- BIAS: Mid-Term: BULLISH Short-Term: BULLISH -------------------- On the H1 timeframe level, the price action of BTC successfully squeezed out the Sell Side Liquidity level which was marked at the $65,830 level. Whereas on the daily timeframe level, the price action of btc has squeezed out its Buy Side Liquidity level too which was marked at $69,134 level. Currently, the price action of $BTC is consolidating at its Horizontal Support level which is marked between the $71,515 to $70,692 level. ------------------- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $70,692 ⬆️LONG⬆️ $71,515 PREDICTED DAILY RANGE $73,937 to $66,682 -------------------- VIP ACTION PLAN [VIP EXCLUSIVE CONTENT] -------------------

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$BTC UPDATE VIP -------------------- 🚨🚨 SEC sues Bitcoin💰 miner Geosyn, accusing founders of $5.6M fraud. The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms. -------------------- Like and follow for more updates . @lutfurenvoy #write2earn🌐💹

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