#BTC #Bitcoin $BTC
Hey, guys,
from the last bitcoin update, we saw a rebound to the 63-64K zone as predicted, but again we see a fall back to support and the buy zone. The bad news is I don't like the fact that we fell so sharply (the rate of fall is higher than the rate of rise is a bearish sign), and the second bad news is that the more often we test the 60K support the weaker it becomes. Supports are still below 60K and behind the local low of 57K, as we understand there is a lot of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Stay tuned.

#ADA #Cardano $ADA
Hey, guys,
let's take a closer look at Cardano today.
Probably you have already seen a similar fractal with a breakdown and test of rectangular consolidation. Is it possible to repeat the growth cycle within the boundaries of the global ascending channel?
But a few charts that confirm buying in the current market correction are open interest and volume clusters. Whether or not to believe in the global growth of the instrument is a personal matter, but the fact that ADA deserves attention for adding to the portfolio is certain. Always DYOR.
Stay tuned.

#RLC #iExec #AI $RLC
Hey, guys,
AI sector coins continue to rise.
I recommended this coin at the beginning of the year and we managed to pick up the trend and now RLC is looking stronger than the market, breaking the trend and breaking consolidation, I expect a local HIGH update. Key support below 2.2 more local support below 3$. DYOR. Stay tuned.

#Altcoins #whatchlist
Hey guys, we are 7000 people, to thank you for your attention and trust I prepared for you a selection of coins that look good.
Now many altcoins are waiting for bitcoin's next move.
Similar formations (breaking the downtrend and breaking the consolidation) are seen in many altcoins and you can identify them yourself, but it is advisable to work with liquid instruments. It is worth remembering that the entire altcoin market is highly correlated and you should not take excessive risks, leave inadequate leverage for beginners. DYOR.
Stay tuned.

#Bitcoin #BTC #BTC₿ $BTC
Hey guys,
bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying).
Stay tuned.

#HG #COPPER
Hey guys, let's take a little break from crypto and look at metals, maybe someone will be interested in this, besides copper is called the barometer of economic health.
Copper showed a great trend from March to May, only thanks to copper we managed to make a significant increase in deposit. At the moment the demand for the metal is increasing on the world markets, the Chinese economy is recovering and coming out of recession and we may see a continuation of the trend. Seasonal statistics tells us about weakness in May, and stronger June-July, so we should be ready for a sideways or unloading formation. At the moment, there is technically a trend breakdown on the chart, and it makes sense to pick up the drawdowns and continue to work from the buys.
Stay tuned.

#XRP #XRPL #xrpstablecoin $XRP
Hey guys.
This is an update on XRP. And this time there is something besides charts.
4.05. Ripple (parent company of XRP), which provides corporate financial services to businesses, announced the release of a stablecoin on the XRPL and Ethereum blockchain, with plans to release a stablecoin on other blockchains in the future.
The coin will be linked 1-to-1 to the U.S. dollar, and backed by cash or equivalent, short-term U.S. government treasuries.
The stablecoin is expected to be available later this year, after regulatory approval.
To better understand how it will work and look, we can make an analogy with the TRON blockchain.
There is the TRON blockchain, which has a TRX coin, and on this blockchain there is a stable coin USDT of TRC 20 standard.
In the case of XRP, it would look like this as I understand it.
An XRPL blockchain that has an XRP coin and on that blockchain a stable coin such as USD(X) will be created.
After that I expect the new stablecoin to compete with existing coins. According to Ripple's statement both XRP and USD (X) coins will be used in the payment solution.
Technically on the chart we can see that the price is trying to break the downtrend, and break the consolidation, in case of consolidation above 0.55 will be the absorption of the bearish candle from April 13, and may open the way to the zone of 0.6-0.65- 0.7$.
Most likely, we will see that a big player will push the price up, working ahead (buy rumors), and on the release of a stable coin will be unloaded on the crowd (sell facts). I will be on the side of the big player. DYOR.

Stay tuned.

#BTC #Bitcoin #Midterm #BTC☀️
Hey guys, this is a weekly update on bitcoin.
Last week we talked to you about buying above 64k but there was no entry point. And if you hold a position it makes sense to keep holding until the stop zone is touched. I also warned that there may be gains and tests of supports, especially in altcoins. What we saw was that the price went below 60 thousand, it happens, but the sharp return is like a classic false breakout and is a bullish set up.
Bitcoin came back above 62k again on the back of a statement by the head of Fidelity (5 trillion fund) that pension funds are considering bitcoin and other cryptocurrencies as assets. But that's not the main thing that helped the quotes rise. This week the head of the Fed said that he does not see the need to keep the rate high in the current situation, and in addition, yesterday came out macro statistics on the labor market, the data came out worse than expected and the weakening of the labor market was one of the main markers for a rate cut. Therefore, the probability of the first rate cut shifted to July. Risky assets reacted with growth - stock indices rose by 2% bitcoin +6%.
Against this backdrop, I think that the price will return to the zone of 67 and 72 ths. Cancel scenario consolidation below 60 ths. DYOR.
Stay tuned.

#BTC #BTCETF
Hey guys, hope you're okay.
Since the last update at the end of April, we see that the outflows from the Bitcoin ETF have led to a continuation of the correction, and the bitcoin price has broken through 60K support. Also on the chart we can see that this process is continuing and 1.05 was an all time high of 567 mln $. The good news is that we are now seeing some recovery and it is worth watching how the price will behave when it reaches 60-61K, whether we will see a bounce or the price will return to the range.
Stay tuned.

#BTC #FedDecision $BTC #BTC✅
Hey guys.
This is a weekly update on bitcoin.
Last time we looked at the growth of the instrument with targets of 67-70k. The price reached the first target, and from the 67k zone, about 4%, the sellers showed strength again, bringing the price back to the buying range where we traded last week. This is another reminder of the need to fix part of the position when the first target is reached. Cancellation of this scenario is still the fixation of the price below 60k.
What can be done at the moment.
If you have no position, you can try to buy above 64 th.
And the second option is a false breakdown of 60 thousand, buying at a sharp price return after the test of the stop zone.
I don't see a good entry point for selling, except locally, but we are talking about more medium-term trading.
If you have a position in Long, the stop zone is not affected and you should still have at least half of the position to hold with the prospect of recovery of growth.
In general, the prospects for continued positive dynamics of bitcoin and all crypto are quite good, several arguments in favor of this. But it is worth bearing in mind that there may be doboes and another testing of supports before the reversal, especially in altcoins, many of which have already sagged enough.
1. Cycle after halving - historically, the period starts a new growth cycle
2. Seasonality - May is a fairly strong month seasonally, although the last few years have been marked by corrections in early May.
3. ETFs - recent adoption of bitcoin ETFs in the US market, Pending decision on etherium ETF in May, approval of bitcoin and etherium ETFs in the Hong Kong market.
Events this week that may lead to volatility are as follows
1. Decision on the US Federal Reserve rate, which is likely to remain unchanged at 5.5%. But the main focus will be on Fed Chairman Powell's speech.
Stay tuned.

#BTC #Bitcoin $BTC #BitcoinETF
Hey guys.
Two days in a row again there is an outflow of funds from bitcoin ETF, to the tune of 350 million dollars.
The reason was most likely yesterday's weak Q1 GDP data, which came out worse than the forecast of 1.6%, the forecast was 2.5%.
Let's see if this will lead to another correction or not.
Stay tuned.

#BTC $BTC #BTC🔥🔥🔥🔥🔥🔥
Hey guys, price has reached the first target of about 4% profit. After testing 67k the price bounced and is heading back to test support in the 63-62k zone.
Stay tuned.

#ETH #ETHETF $ETH
Hey guys, the airwaves are looking good.
Let me remind you that in May the market is expecting a decision on the spot ether ETF, and we may see a good run before and after this event. The canceling scenario is behind the local low below 2800. DYOR.
Stay tuned.

#VET #Vechain $VET
Hey, guys,
there was no entry point and no breakout of the 0.05 zone. At the moment we can work from the lower boundary of consolidation as the price remains in the range. Cancel scenario below 0.035
Stay tuned.

#ATOM #Cosmos $ATOM
Hey, guys,
the coin broke the support and went below the stop, so this idea can be considered closed.
Technically at the moment the instrument is likely to continue rebounding after the breakdown of 9.5
Stay tuned.

#LTC #Litecoin $LTC
Hey, guys,
Litecoin followed the market, and tested the support of 70-75$, at the moment it follows the breakdown of the 85$ zone, it is the boundaries of the volume bar for 13.04 where the critical volume took place. If the price goes above $85, it will be a good opportunity to get back to the $100-110 area. The key support is below $70.
Stay tuned.

#compound $COMP

Hey, guys,
the coin broke through the key support of 75$ and after that the price collapsed to 45$. At the moment it is recovering and if the price manages to consolidate above $60, we can expect continued growth. The key support is below 50$.
Stay tuned.

$1INCH #1InchNetwork
Hey, guys,
the coin corrected more than expected. But at the moment the 0.44 support is acting as resistance, and a break of this zone is more likely to lead to a further bounce from the bottom. But the price may stay in a sideways trend for some time. The volume support zone is currently formed at the level below 0.35.
Stay tuned.

$SNX #Synthetix #SNX #Midterm
Hey, guys,
SNX tested 2.6 support and after a bounce in the buy zone. It looks good, with stops below the local low of 2.4.
Stay tuned.