Update on SHIBA INU: Top Choice for the Upcoming Memeseason
Our targets for Shiba Inu’s uptrend are set. Currently, $SHIB is at support and has the potential to break above the trendline resistance, setting the stage for a potential surge to our targets.
Bitcoin has been surging over the past few weeks. Soon, money will start flowing into altcoins, especially meme coins, as investors seek new opportunities for quick gains, leading to another meme season spike.
When this happens, SHIB, one of the most influential coins in the meme sector, could become the next top choice for investors seeking big pumps.
Link followed my first uptrend scenario and has been pumping since yesterday. The retest isn't confirmed yet, but there's a 90% possibility for more highs as it's forming a head and shoulders pattern. A break above $14.683 will lead to more highs.
Chainlink ($LINK) is currently trading above the support zone, with the potential for a retest back to support before continuing its uptrend. Our target range remains above $19, indicating a significant bullish momentum.
Stay tuned for more updates as we monitor $LINK’s performance.
Thought we could see more correction, but Bitcoin has changed the scenario with today's pump above the previous local high. Could it still go lower? Yes, there are still possibilities, but for now, I'm optimistic about reaching our targets above.
Thought we could see more correction, but Bitcoin has changed the scenario with today's pump above the previous local high. Could it still go lower? Yes, there are still possibilities, but for now, I'm optimistic about reaching our targets above.
Thought we could see more correction, but Bitcoin has changed the scenario with today's pump above the previous local high. Could it still go lower? Yes, there are still possibilities, but for now, I'm optimistic about reaching our targets above.
XRP is currently at the trendline resistance. After a significant spike yesterday, it is approaching a major resistance range at the orange box. If it flips above this range, XRP could be trading above $1 soon.
The cup and handle pattern is a well-established bullish setup that often precedes significant price increases. Solana ( $SOL ) has been consolidating within this handle pattern after a prolonged rally, indicating potential upward momentum. Although some further correction may occur in the short term, the pattern suggests a likely spike toward and possibly beyond the previous high of $260. This setup could offer an attractive opportunity for traders anticipating a bullish breakout.
FET, an AI token that has been declining since March, could potentially reverse its four-month correction within the current range. AI tokens, including Fetch.AI, are expected to begin their upward momentum soon.
We saw a spike to the orange liquidity box above as predicted, and Bitcoin seems to be slowly cooling down. It’s probably time to visit the blue $52K range box. Let’s watch and see how the market unfolds.
I am currently watching to see a spike in $BTC to the liquidity range above, where I expect a downturn to the $52k range, which will probably hold before an uptrend to $59,000.
$SHIB has been one of the underperforming memecoin tokens for months now, which might indicate a solid setup for a strong move upwards. It might continue higher from here, but I would prefer a retest to make the uptrend stronger. However, I am 95 percent bullish on #SHIB.
I am currently watching to see a spike in $BTC to the liquidity range above, where I expect a downturn to the $52k range, which will probably hold before an uptrend to $59,000.
Bitcoin ETF inflows dominate as BlackRock leads: ‘No place for ETH’
Bitcoin ETFs saw $50.6M inflows on 1st August, while ETH ETFs faced significant outflows.
- Bitcoin ETFs saw strong inflows, with $298M net inflow on the 31st of July.- On the other hand, Ethereum ETFs experienced outflows of $77.2M on the 31st of July. On the first day of August, Bitcoin [BTC] ETFs experienced significant inflows, with $50.6 million pouring into spot Bitcoin ETFs. Notably, BlackRock’s IBIT ETF led the charge, capturing $25.9 million in inflows as per Farside Investors. Bitcoin ETF flow analysis This trend reflected a broader pattern of Bitcoin ETFs steadily accumulating $BTC , despite a brief decline in early June. Since the 1st of July, inflows have surged, outpacing the averages of the previous two months. Infact, on the 31st of July, spot Bitcoin ETFs saw a net inflow of $298 million, including $17.99 million into the Grayscale mini ETF BTC and $20.99 million into BlackRock’s IBIT, per SoSo Value.
Expressing optimism about the development, X (formerly Twitter) account Crypto Empire, a prominent crypto content hub, shared, “That’s quite the financial rollercoaster! Interesting to see the different movements in the ETFs for Bitcoin.” Impact on BTC However, BTC experienced a bearish movement on the price front, dropping to the $62K level on 1st August. By press time, it had recovered to $64K, though the daily charts remained in the red, reflecting a modest 0.30% decline over the past 24 hours. Ethereum ETF analysis Interestingly, the performance of BTC ETFs contrasted sharply with that of Ethereum [ETH] ETFs. While the ETH ETF recorded inflows of $26.7 million on the 1st of August, it had seen significant outflows of $77.2 million just a day earlier, on the 31st of July.
As a result, ETH’s daily price chart showed red candlesticks, indicating a decline. At the latest update, $ETH was down by approximately 1% over the past 24 hours, trading at $3,142. Remarking on the same, George from StepFinance noted, “If you want a store of value narrative sound money etc. theres BTC . If you want some decentralised world computer for building apps there is solana. Theres no place for eth in that world.” Here, George is underlining that Ethereum doesn’t have a unique or necessary function in a market dominated by Bitcoin and Solana [SOL]. Thus, with continuous inflows into Bitcoin ETFs, it will be intriguing to watch whether ETH ETFs can surpass BTC or if BTC will continue to lead in the ETF race.
Earlier this year, Rune experienced a significant price surge. Currently, it's undergoing a retest phase, showing signs of potential support at the blue line indicated in the chart below. If this support holds, $RUNE could continue its upward momentum, with the possibility of trading above $16. This could signal a continuation of its bullish trend, offering promising opportunities for traders and investors.
Pepe is forming a bullish head and shoulders pattern on the higher timeframe chart. The retest is ongoing and it could go lower or spike up from here, but the main focus is on an uptrend target yet to be reached.
Link followed my first uptrend scenario and has been pumping since yesterday. The retest isn't confirmed yet, but there's a 90% possibility for more highs as it's forming a head and shoulders pattern. A break above $14.683 will lead to more highs.
Yes! Bitcoin has successfully broken through the resistance box above, clearly the low we talked about in the previous post has been removed and all focus will be on this uptrend to 71k-72k. #Bitcoin #Bullish #crypto_trading #BITCOIN
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Bullish Update on Bitcoin: Plan Ahead of the New Week
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Bitcoin price has been up since the $63,500 low. Here are my key areas to watch:
- I’m watching for a break above the red shaded box that could push price to 71k.
- "Must hold" the support line, otherwise the two targets below are possible places to find support.
Overall, $BTC is still bullish, we must pay attention to this crucial levels to keep track of this trend, good luck to us!