$BTC went down, broke support, and stayed below. It retested, which is worrying. Another drop might happen, leading to a big market mess. Better to wait until the market changes direction before doing anything this week.
The altcoin market cap (TOTAL2) has revisited the support area, suggesting a chance for accumulation before the next upward movement. Think about adding to your portfolio of preferred altcoins during this consolidation phase. #Binance #Bitcoin #BNB
The altcoin market cap (TOTAL2) has revisited the support area, suggesting a chance for accumulation before the next upward movement. Think about adding to your portfolio of preferred altcoins during this consolidation phase. #Binance #Bitcoin #BNB
$BTC Bitcoin has not been able to sustain its upward movement and is now challenging the key support range of $59,000-$60,000, as predicted previously. This range holds significant importance for BTC, and a drop below $59,000 could trigger panic selling in the market. It is advisable to set tight stop-loss orders for all active positions. The following substantial support level is anticipated around $50,000-$53,000. The recent news of CZ's 4-month incarceration is cited as the one of the reason for this price decline. #binanace #BTCEvent #bnb
The current price is being tested near the support area and this level must be held. If you plan to open a long position, it is recommended that you do so at the support area while keeping a tight stop loss. We might observe an upward movement from this point towards the triangle's resistance line.
For $BTC Put Pending Order around 53k - 56k Pending Orders for $ETH 2800$ - 2500$ FET : 1.50$ - 2$ $NEAR Around : 4$ - 5$... Nothing is Financial Advice here đđ #binance
For $BTC Put Pending Order around 53k - 56k Pending Orders for $ETH 2800$ - 2500$ FET : 1.50$ - 2$ $NEAR Around : 4$ - 5$... Nothing is Financial Advice here đđ #binance
Bitcoin in Daily TF made a range and mashrooming over shape which is the indication of distribution but in 8H TF showing strength at DTF support level with rejections patterns. BTC CME Fututres also showing strength.
Note: (there is a lot of syndicates or smart money groups which can re-accumulate or re-distribute the instrument and every time frame has its own multiple SM groups. The biggger the time frame the bigger the SM and the move will also be bigger)
USDT.D broke the down trend in 4H and now phasing resistance at 4.90% which is the psychological resistance. The next target of USDT.D possible 4.50% which will be good for BTC & ALTs.
TA Scenario: BTC should move upside for 67000 price before next dump.
(Charts attached)
đ° MACRO NEWS/EVENTS (Pakistan Time)
29-April-2024 = Beginning of HONKONG BTC & ETH ETFs Trading.
We can expect higher volatiliy in all markets these days and time. (Avoid futures trading)
â ď¸WHAT TO DO:
We are scanning the market to get the high probable trade opportunity in the spot market which can give us some good returns. Most probable this week will provide us good opportunities to ride the market.
Simple Rule of Trade Accept Take Profit or Stop Loss. No Third Option. So don't message about this. In case any changes will update you guys đ Nothing is Financial advice here â¤ď¸âĄď¸