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#Ethereum #ETH ๐๐ฅ is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending channel).
On the chart, you can see my detailed Elliott Wave count. We are in the bull market, so we can expect an impulse wave to form. In this case, we are still missing the fifth wave to the upside, which gives us another reason to open a long position.
Where to take profit? For this, we always need to use the Fibonacci extension tool. In combination with Elliott Wave theory, we can use the fibonacci extension tool from the start of wave 1 to the end of wave 3 and to the end of wave 4. The target for the fifth wave is 0.382 FIB or 0.618 FIB. Both log scale and linear scale are valid as profit targets. ๐๐ต
On the chart, you can see my detailed Elliott Wave count. We are in the bull market, so we can expect an impulse wave to form. In this case, we are still missing the fifth wave to the upside, which gives us another reason to open a long position.
Where to take profit? For this, we always need to use the Fibonacci extension tool. In combination with Elliott Wave theory, we can use the fibonacci extension tool from the start of wave 1 to the end of wave 3 and to the end of wave 4. The target for the fifth wave is 0.382 FIB or 0.618 FIB. Both log scale and linear scale are valid as profit targets. ๐๐ต
Hello, traders! How are you feeling about #BTC #BTCUSDT 's journey lately?
This week kicked off on a high note for #BTCUSDT , swiftly climbing to $71,200, signaling a remarkable recovery of 2.26% in just a day. This surge found its wings as it breezed past the $68,300 resistance, now turning it into a solid support beneath its feet.
As it edges closer to a formidable resistance marked on the charts, a successful closure above this level could supercharge its momentum. This potential leap is backed by an encouraging alignment with the Bollinger Bands' upper limit, alongside supportive cues from the EMA 34, 89, and SMA 20. ๐ต๐
This week kicked off on a high note for #BTCUSDT , swiftly climbing to $71,200, signaling a remarkable recovery of 2.26% in just a day. This surge found its wings as it breezed past the $68,300 resistance, now turning it into a solid support beneath its feet.
As it edges closer to a formidable resistance marked on the charts, a successful closure above this level could supercharge its momentum. This potential leap is backed by an encouraging alignment with the Bollinger Bands' upper limit, alongside supportive cues from the EMA 34, 89, and SMA 20. ๐ต๐
๐ชโ10 days before the #BTC halving, 94% of all possible coins have already been mined - the remaining #BTC will appear more and more slowly over the course of โ100 years.
Arthur Hayes warns that the market could experience greater volatility before and after the next halving. In principle, we are already seeing this.๐๐ต
Arthur Hayes warns that the market could experience greater volatility before and after the next halving. In principle, we are already seeing this.๐๐ต
#USDT will appear on the #TON network.๐ต๐ฅ
Insiders write that Pavel Durov and Paolo Ardoino, founders of Telegram and Tether, respectively, are preparing for a significant event. At the Token2049 conference, which will take place on April 19 in Dubai, they will officially present the integration of USDT into the #TON network.
According to them, #TON today updated its historical maximum (price of $6.2) and confidently entered the top 10 cryptocurrencies by capitalization. The inclusion of USDT into the coin's ecosystem will be a new growth catalyst for both platforms.๐ฐ๐
Insiders write that Pavel Durov and Paolo Ardoino, founders of Telegram and Tether, respectively, are preparing for a significant event. At the Token2049 conference, which will take place on April 19 in Dubai, they will officially present the integration of USDT into the #TON network.
According to them, #TON today updated its historical maximum (price of $6.2) and confidently entered the top 10 cryptocurrencies by capitalization. The inclusion of USDT into the coin's ecosystem will be a new growth catalyst for both platforms.๐ฐ๐
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
