I understand that many people are now interested in exactly BTC, so I will give a small update on it as well: Today, Bitcoin showed a breakthrough of the local parallel channel upwards, collecting liquidity above the trendline - in just 3 days it has already been more than +12% of the net movement, which I congratulate you on! From about the current ones, we may see a slight pullback in order to unload the indicators, but in general the situation is definitely positive - the market is now looking confidently. upwards Further - more, friends!#CryptoWatchMay2024 #altcoins #CryptoWatchMay2024
Keep bringing the fire with your hustle, friends! Let's start with the 1-hour TF: Price reversal happened in the best traditions of technical analysis: an "Ascending (Bearish) Wedge" paired with a Three Drives Pattern" (rising highs), further reinforced by RSI Divergence - a strong reversal setup that's hard to ignore. โข The correction has begun, with the first wave of decline already bringing about -6% in just a few hours. A short-term bounce is possible from here (aiming for a retest of EMA200 from below), after which the downtrend may resume. โ The key near-term targets on the downside are around $2800-3000 s, where buyer reaction will be crucial. Now, moving on to the 4-hour TF: โข The Parallel Bullish channel I mentioned in the last analysis remains relevant. The recent upswing tested the EMA200 from below (on the 4-hour chart), triggering seller activity. If the Big Player decides to gather liquidity below the local minimum (around $2800), a deeper decline down to the channel's lower boundary (around $2600) could be in the cards. โ In the medium-term perspective, the potential accumulation range is $2550-27502, with a drop below this level currently having very low odds. ! Regarding the current situation: It's still riskyto buy (especially on margin). So, the downtrend may continue in the near future. However, it's worth focusing on Longs for the medium term. A drop in Ether below $2500 is unlikely. โข I'll keep holding a small portion of Long positions acquired at the bottom, in case of an early reversal. For now I'm preparing for a further correction. #Megadrop #BinanceLaunchpool #bitcoinhalving #BullorBear #Token2049
โ At the mรถment, BTC has already dropped to around $64500, but this may not be the end of the fall. There're bullish signals on the lower TF - the decline may continue after a small short-term rebound. All of our Long positions were closed at the right time, locking in profits d almost at the highs, right before the reversal started. I congratulate you on that! Maybe someone listened to the last post and managed to enter Shorts at the top? I stick to the outlined scenario and prepare for further decline to gather local liquidity from below. There're no reasons to reconsider the situation yet, I continue to monitor it! #BinanceLaunchpool #bitcoinhalving #Megadrop
Ripple's CEO criticized Gensler's SEC for allegedly acting outside the law, citing judges' admonishments for a "gross abuse of power" in the DEBT Box case and for lacking "faithful allegiance to the law" in the Ripple case.
๐บ๐ธ US sanctions 13 entities for aiding Russian sanctions evasion.
The US Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions on 13 entities and two individuals for helping Russian ๐ท๐บ nationals evade sanctions using cryptocurrency.
OFAC noted that Russia has been using alternative payment methods more frequently to bypass US sanctions. #Write2Earnโฌ #DaNuTRADING