$ETH #Ethereum started its rally? After a breakout the price increased by 17.17%. There is a probability now to see a retest at around $4100 (previous high).
Market liquidations over the past day, according to CoinGlass: ~71K traders, totaling ~$130 million — approximately 80% long positions and 20% short positions.
Last week, risk assets like BTC came under pressure due to geopolitics and rising inflation expectations in the US. This led to a bounce from 63.5K to 60K.
Currently, at the start of the new week, there’s no significant buyer activity. Rather, there’s a local squeeze towards 60K, where an important psychological support zone resides.
There are chances for growth, but only if BTC breaks above 63K and manages to hold there. Nonetheless, the prospects favor breaking below 60K and initiating a descent towards the lower boundary of the descending channel. That’s what I’m counting on.
#Bitcoin & #Ethereum are both in descending channels, forming a downward trend. Compared to previous scenarios with money flow on the 1D, it seems they're trying to reverse to the upside.
BUY/LONG positions could become available if, on a macro level, we see a higher low that could potentially retest the top of these channels.
According to the market structure, there's also a probability of retesting $2.5k $ETH and $52k $BTC
$ONE #Harmony is trading within a descending channel. There's a significant chance we'll see a retest at the top of the channel (resistance).
While the price consolidates in the channel's mid. range, my next targets would be those 2 supply zones: $0.02195; $0.02590. Keep an eye on this channel. #altcoins #Cryptosignals #FuturestradingSignals
$BTC Bitcoin to the $100k!? Trying to compare previous bull rallies to the potentially upcoming one. Market structure looks the same. Even the money flow looks like it’s rising as in previous cycles.
Do you believe in this setup? Don’t be shy and smash an EMOJI if you believe in that promising $100k! #BullorBear #bitcoin #crypto2024
$BOME #BookOfMeme is still in this descending trend. At least there is a possibility to connect LH dots. Waiting for a breakout. Keep an eye on this channel.
If it breaks to the upside (through this resistance trend line) my target would be $0.0155-$0.0181. This setup is invalid if we break to the downside as I illustrated. #bullorbear #bome #MemeCoinsSeason
💰 $BTC Bitcoin increased by 5.66% in total after the Halving. The market has been pretty boring for the past week. Still, keep an eye on this consolidation channel.
Patience is the key in trading. Sometimes, doing nothing is the best thing you can do.
The market has been recovering since $BTC took part of the liquidity below $60k. Some altcoins made a new low but others didn't. This was expected (see the idea of the replied post and other updates)
However, $BTC left liquidity at $57k-$59k and the bounce is overextended now. We could expect another retracement, but this move down could not reach new lows, just form a higher low.
Whether $BTC and the rest of the market makes a new local low or a higher low, after this possible next pullback, it might be a good time to add exposure to the market, especially to low caps. If that happens I will be buying some and will share the setups.
On April 23, 2011, exactly 13 years ago, Satoshi Nakamoto sent the last Email stating that he, she, or they had "moved on to other things" and that "It's (Bitcoin) in good hands with Gavin and everyone." $BTC #bitcoinhalving #SatoshiNakamoto #BTC #bitcoin