LIVEValentin Criptan
@ValentinCriptan
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Hello dear friends, #ETHUSDT #Ethereum ๐ต is currently in a corrective recovery phase, receiving support at $3200. However, overcoming the 3500 resistance seems challenging and remains the target.
Currently, #ETHUSDT has paused at 3224$ and there are no signs of a reversal trend for this pair. It seems that the downtrend has officially returned after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery period reaching 0.72 (3330), the price has started to decline again.
I still maintain strong belief in the downtrend next week. Once the current support level is broken, nothing will stop #ETHUSDT from falling further.๐ฐ
Currently, #ETHUSDT has paused at 3224$ and there are no signs of a reversal trend for this pair. It seems that the downtrend has officially returned after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery period reaching 0.72 (3330), the price has started to decline again.
I still maintain strong belief in the downtrend next week. Once the current support level is broken, nothing will stop #ETHUSDT from falling further.๐ฐ
#Bitcoin #BTC ๐๐ฐmay be looking pretty bullish, but don't get distracted. Price is forming a bearish distribution pattern within a bearish parallel channel as you can see on the chart. Now the odds are in favor of another crash. I say this not only because of the price action, but also because of Elliott Wave Theory: According to my wave count, I expect Bitcoin to complete wave (C) with a 1:1 Fibonacci extension level. Also look at the previous waves: waves (B) at this point look like a bearish ABC pattern.
Why is 58K important? We have a significant swing low from March 5, 2024, and there is clearly plenty of liquidity and orders from retail traders. Whales need to constantly strive for high levels of liquidity as this is their only chance to buy #Bitcoin ๐ตfor a large amount of money. They want to buy as many bitcoins as liquidity allows and then send the price to the moon.๐๐ฐ
Why is 58K important? We have a significant swing low from March 5, 2024, and there is clearly plenty of liquidity and orders from retail traders. Whales need to constantly strive for high levels of liquidity as this is their only chance to buy #Bitcoin ๐ตfor a large amount of money. They want to buy as many bitcoins as liquidity allows and then send the price to the moon.๐๐ฐ
#Bitcoin #BTC ๐ต๐ฐ may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting bitcoin to finish wave (C) with a 1:1 Fibonacci extension level. Also look at previous waves, and waves (B) at this point look like an ABC bearish pattern.
Why is 58K important? We have a major swing low from March 5, 2024, and clearly there is a lot of liquidity and orders from retail traders. The whales need to consistently go for strong liquidity levels, as that's their only chance to buy bitcoin with a large amount of money. What they want to do is buy as much #Bitcoin as liquidity allows and then send the price to the moon.๐$BTC
Why is 58K important? We have a major swing low from March 5, 2024, and clearly there is a lot of liquidity and orders from retail traders. The whales need to consistently go for strong liquidity levels, as that's their only chance to buy bitcoin with a large amount of money. What they want to do is buy as much #Bitcoin as liquidity allows and then send the price to the moon.๐$BTC
Tether #USDT has become more transparent๐ฐ๐ต
Tether passed the American accounting audit SOC 2 Type 1. This may allow them to avoid so many attacks and reduce FUD in their direction.
They also purchased 8889 #BTC . As of today, they already have 75,354 BTC ($5.2 billion) on their balance sheet.๐ฐ๐
Tether passed the American accounting audit SOC 2 Type 1. This may allow them to avoid so many attacks and reduce FUD in their direction.
They also purchased 8889 #BTC . As of today, they already have 75,354 BTC ($5.2 billion) on their balance sheet.๐ฐ๐
๐A few thoughts about #LTC #LTCUSDT ๐ต๐๐ฐ
Pay attention to the almost 2-year accumulation of the asset + it has already survived the halving + there are rumors that due to the similarity of Litecoin to Bitcoin, the SEC may also accept the #LTCETF .
I keep it in the main portfolio, I would like to see a way out of accumulation in the medium term with minimum goals of x2-x3+ for the asset. Be aware of the risks. DYOR.
Pay attention to the almost 2-year accumulation of the asset + it has already survived the halving + there are rumors that due to the similarity of Litecoin to Bitcoin, the SEC may also accept the #LTCETF .
I keep it in the main portfolio, I would like to see a way out of accumulation in the medium term with minimum goals of x2-x3+ for the asset. Be aware of the risks. DYOR.
#Bitcoin #BTC ๐ต๐ฐ is going down, What now?
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave(4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave(4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
๐ #BTC forecast from Grayscale analysts:
There is a reduction in the #Bitcoin balance on centralized sites. In parallel with this, the liquidity of stablecoins is growing. This is a positive factor for BTC as it indicates the presence of large capital in the market conditions.
๐ The total number of bitcoins stored on CEX exchanges decreased by 12%. This is the minimum level over the last 5 years.
โ๏ธ Grayscale analysts believe that the bull market is now in the middle phase. They suggest that #Bitcoin will most likely continue to grow actively in the foreseeable future.๐ต๐
There is a reduction in the #Bitcoin balance on centralized sites. In parallel with this, the liquidity of stablecoins is growing. This is a positive factor for BTC as it indicates the presence of large capital in the market conditions.
๐ The total number of bitcoins stored on CEX exchanges decreased by 12%. This is the minimum level over the last 5 years.
โ๏ธ Grayscale analysts believe that the bull market is now in the middle phase. They suggest that #Bitcoin will most likely continue to grow actively in the foreseeable future.๐ต๐
#BTC๐ฅ๐ฅ๐ฅ๐ฅ #Bitcoin teases, breaks through $70k
Shortists below the $75 thousand mark get ready to leave ๐ฉธ
Shortists below the $75 thousand mark get ready to leave ๐ฉธ
Hello, esteemed #SOLUSDT ๐ฐ๐ฅtraders!
After enduring a downturn last week, #Solana seems to be regaining its upward momentum in the early hours of Monday, breaking past the descending trendline. The long-term uptrend remains intact as the bullssuccessfully defend the crucial support zone around $167.80.
With the EMA 34 and 89 indicating stability, the technical outlook leans towards further upward movement, highlighting promising buying opportunities. ๐๐ต
After enduring a downturn last week, #Solana seems to be regaining its upward momentum in the early hours of Monday, breaking past the descending trendline. The long-term uptrend remains intact as the bullssuccessfully defend the crucial support zone around $167.80.
With the EMA 34 and 89 indicating stability, the technical outlook leans towards further upward movement, highlighting promising buying opportunities. ๐๐ต
#Bitcoin #BTC ๐ต is going down, as I was expecting in my previous technical analysis of #Bitcoin .
What now?
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
Then we can start a new bull market and reach levels above 100k later this year.๐๐ฐ๐ฅ
What now?
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
Then we can start a new bull market and reach levels above 100k later this year.๐๐ฐ๐ฅ
๐ฐ๐ตGreetings, traders! Yesterday, #BTC #Bitcoin dipped just as
we anticipated, now hovering around the $66,000 mark and still caught
in a downtrend. The EMA lines 34 and 89 hint at further declines for
#BTCUSDT.
We're continuing our sell strategy, eyeing a potential deeper fall if
the solid support at $61,500 gives way. On the flip side, a significant
push is needed to breach the immediate resistance at $67,000 for the
bulls to rally once again. ๐๐ฅ
we anticipated, now hovering around the $66,000 mark and still caught
in a downtrend. The EMA lines 34 and 89 hint at further declines for
#BTCUSDT.
We're continuing our sell strategy, eyeing a potential deeper fall if
the solid support at $61,500 gives way. On the flip side, a significant
push is needed to breach the immediate resistance at $67,000 for the
bulls to rally once again. ๐๐ฅ
Trading Strategy for #ETHUSDT :๐ต
Today, moving away from the significant fluctuations seen in recent days, #ETHโ is trading relatively steadily around the $3495 mark this Friday. The price is hovering near the 34 and 89 EMA lines, with a short-term outlook still tilted towards a decrease as the 34 EMA remains below.
The $3158 support level acts as a solid foundation and defensive area for a bullish approach towards ETHUSDT.๐๐ฅ๐ฐ
Today, moving away from the significant fluctuations seen in recent days, #ETHโ is trading relatively steadily around the $3495 mark this Friday. The price is hovering near the 34 and 89 EMA lines, with a short-term outlook still tilted towards a decrease as the 34 EMA remains below.
The $3158 support level acts as a solid foundation and defensive area for a bullish approach towards ETHUSDT.๐๐ฅ๐ฐ
#Bitcoin ๐ฐ๐ฅ๐ฐ #BTC #Bitcoin is going down. What now?
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
Then we can start a new bull market and reach levels above 100k later this year. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.๐ต๐๐ฐ๐ฅ๐ฐ
Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some.
On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared!
Then we can start a new bull market and reach levels above 100k later this year. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.๐ต๐๐ฐ๐ฅ๐ฐ
#Bitcoin Capital continues to flow out of the #BTCโฌ ETF. What would that mean?
This means that investors who buy ETFs are the same hamsters as traders on the exchanges we are used to. They saw the panic and ran to sell their bitcoins . Although even traders from exchanges have become smarter, wallets with a balance of >0.1 #BTCโฌ are increasing, and ETFs are emptying ๐คก
It turns out there is someone to beat and there are those who will pay for the party?๐ฐ๐๐ฅ
This means that investors who buy ETFs are the same hamsters as traders on the exchanges we are used to. They saw the panic and ran to sell their bitcoins . Although even traders from exchanges have become smarter, wallets with a balance of >0.1 #BTCโฌ are increasing, and ETFs are emptying ๐คก
It turns out there is someone to beat and there are those who will pay for the party?๐ฐ๐๐ฅ
#BTC After this correction we will fly to a new high - Moustache forecast
โIโm not selling. Whatโs happening now is just a small shake-up to take the weaklings out of the market. We saw this kind of thing in 2020.โ
The question is how long the correction #BTC will last and to what levels we will roll back. In anticipation of the halving #Bitcoin, the process may be delayed.๐ต๐๐ฐ
โIโm not selling. Whatโs happening now is just a small shake-up to take the weaklings out of the market. We saw this kind of thing in 2020.โ
The question is how long the correction #BTC will last and to what levels we will roll back. In anticipation of the halving #Bitcoin, the process may be delayed.๐ต๐๐ฐ
#BTC โ $64,200, #ETH โ $3,350๐ต๐๐ฐ
Liquidations were collected at $407 million in 24 hours, because they went even lower.
Ethereum closed all targets for the near future, rebounding from a strong level of 3k. A drop below will be perceived as weakness, but in anticipation of a possible #ETHETF it will definitely be bought up.
Nothing is finished with #Bitcoin yet. We entered a reliable buying zone, but did not remove liquidity at the 59k level, behind which many long stops had accumulated. We will definitely see downward movements again.
Meanwhile, Tether printed another 1billion USDT. Because the lower we fall, the more people want to load into the rocket.๐ For this you need more money.๐๐ฐ
Liquidations were collected at $407 million in 24 hours, because they went even lower.
Ethereum closed all targets for the near future, rebounding from a strong level of 3k. A drop below will be perceived as weakness, but in anticipation of a possible #ETHETF it will definitely be bought up.
Nothing is finished with #Bitcoin yet. We entered a reliable buying zone, but did not remove liquidity at the 59k level, behind which many long stops had accumulated. We will definitely see downward movements again.
Meanwhile, Tether printed another 1billion USDT. Because the lower we fall, the more people want to load into the rocket.๐ For this you need more money.๐๐ฐ
