#BTC $BTC The current bullish flag on the chart could potentially signal a rise to $36,500 in the short term. 📈🚀
#BullishFlag #BTC #ShortTermTarget #CryptoTrading

The bullish version of bitcoin is making it difficult for traders to trade other crypto #BTC $BTC

$ETH #Ethereum

If I would be asked where to accumulate #ETH? It's definitely 1130-1350$ area with some free cash in case we drop to $1k

❗️Not expecting $ETH going lower than $1k (except wicks)

#Ethereum #BinanceSquare #trading #crypto2023

$BTC

🔥 The Dollar Is Predicting A Bearish Bitcoin

https://www.tradingview.com/chart/DXY/7sU0E9uV-The-Dollar-Is-Predicting-A-Bearish-Bitcoin/

The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY.

The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure). The inverse is true as well, as investors dislike risk, they will sell their risky assets and are happy to sit on their dollars.

As seen on the chart, the relationship between the two assets is remarkably similar. With the DXY gaining in strength recently (or selling off in the inverse chart), I'm anticipating more bearish pressure on riskier assets like BTC.

Bitcoin is holding up for now, but I'm assuming a stronger bearish trend in the near future.

Share your thoughts in the comments 🙏

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#BinanceSquare #DeFiChallenge #trading #BTC #crypto2023

$BTC $ETH $BNB

Top performers in crypto so far in 2023

Always remember there is someone (or something – bot or algo) on the other side of your trades.

Why are they trading with you?
Do they have better information?
What makes your trade better than their trade?

Remember this and you'll become more methodical in your plans.

#trading #cryptocurrency #BinanceSquare #DeFiChallenge #BTC

$BTC $USDC $ETH

#The funny thing about this week is that everyone was expecting action, volatility, crazy moves, following the events in the Middle East.🔫
And indeed, the market opened on Monday with multiple wide gaps.

However, it became calm very quickly, and, in fact, the entire week was very boring.

The CPI report revived the market, and today, for some unknows reasons, we see strong bullish moves on Metals and Oil.📈

Let's see how the situation unfolds next week.
Have a great weekend, traders!❤️
#Binance #cryptocurrency #trading #DeFiChallenge #BTC

$BTC

BITCOIN (#BTCUSD): Bearish Reversal Now Confirmed?! ₿

📉Bitcoin formed 2 strong bearish patterns on a daily time frame.
I see a bearish flag formation and a double top with a lower high within.

Both the neckline of a double top and a support of the flag were broken.

I believe that the market may drop lower after a retest of broken structures.

Next support - 26220
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#BTC #trading #cryptocurrency #DeFiChallenge