$BTC LAYER 2 NARRATIVE WILL BE HUGE IN THE NEXT BULLRUN.🙌💯🚀
Be prepared and grab these projects while they are still undervalued 💎 $STX #altcoins #bitcoin
As highlighted in my previous analysis, the price has finally broken through the $30 level of resistance.
What now?
The price needs to hold the gray box to maintain its current level. That is a key area which separates the lows form the highs. If we manage to hold that level, we could see a significant price increase ( $ETH pump will facilitate that ) 👀
Rising wedge forming on the D TF. This kind of patterns typically signal a potential bearish reversal, as breakouts usually occur through the lower trend line.
Key elements to watch for confirmations of a rising wedge pattern:
_A temporary uptrend in price action. _A decline in trading volume. _The convergence of two trend lines, indicating an imminent downward breakout.
As always, be patient and observe the charts ⏳️ Confirmations are necessary before taking any position.
TOP 10 CRYPTO #BUYTHEDIP AND #HODL FOR THE NEXT ALTCOIN SEASON🚀🔥👀
Which crypto are you accumulating? 👇
$STX $AR
#altseason #memecoins #tradingshot #bitcoin
Plan still the same as explained in my previous analysis.
Despite the recent rally, the macro outlook appears bearish. Price is currently ranging within this descending triangle, with the possibility of breaking down towards key levels below $1.
The next few hours will be crucial. For now, keep a tight stop loss.
When trades go according to your plan, it always feels great !! It's not just about the profits, but also the payoff for all the effort and study you put in 🔥
What to expect now?
Price has done a nice breakout from the descending trend on the 4H TF. I am waiting for a proper retest of the levels around the dashed line before considering any entry.
I usually tend to avoid trading #memecoins due to their high volatility. That's why I advise you to trade cautiously ⚠️
🚨 Mt. Gox Starts Refunds in July 🚨 *BTC drops below $61,000*
Mt. Gox, once the top crypto exchange, lost about 740,000 bitcoins in a massive 2014 hack. Today, the platform announced that it will finally start paying back over 140,000 bitcoins!!
Trustee Nobuaki Kobayashi said they're ready to make payments in Bitcoin and Bitcoin Cash. Refunds will begin in early July 2024, with some security checks before payments.
These refunds might put selling pressure on BTC, as early investors could sell their higher-valued assets.
The recent partnership with $ONDO for #RWA integration is another great addition to the list. (If you do not know it yet, stay tuned for an upcoming full analysis 👀)
The PA shows a clear descending triangle, likely leading to a breakdown to the lows. Additionally the circulating supply is still low, and more supply is set to enter the market in the future.
That is where I will look for deviations before going long and loading up my long term bag 💼
Bonus tip: it's not listed yet on #binance 👀 IYKYK