Harami Patterns The Power of Market Contractions Harami Patterns consist of two candlesticks, where the first candlestick has a large body and the second candlestick is contained within the body of the first. Bullish Harami occurs during a downtrend, suggesting a potential bullish reversal, while Bearish Harami appears in an uptrend, indicating a potential bearish reversal.
These patterns represent a contraction in market volatility and a potential shift in sentiment. Traders typically seek confirmation from other indicators or price action before making trading decisions based on Harami Patterns.
Illuminating the Reversal Potential The Shooting Star and Inverted Hammer are candlestick patterns with long upper shadows and small bodies. The Shooting Star appears in an uptrend, signaling a potential bearish reversal, while the Inverted Hammer occurs in a downtrend, suggesting a potential bullish reversal.
These patterns indicate that despite initial buying or selling pressure, the opposing force emerged, causing a rejection of the extreme price level. Traders often wait for confirmation before entering trades based on these patterns, considering other technical factors and subsequent price action.
#BTCSoarsTo68K For the latest update, the total reserve ratio of #Bitget is 166%, which shows that they have more than enough reserves to cover users' assets, ensuring strong liquidity and user security. $BTC #BTC☀ BTC$BTC : 296%
#MemeCoinTrending Top trader on Binance Futures closes shorts and opens longs #TeslaTransferBTC Eugene Ng Ah Sio, a renowned top trader on Binance Futures, stated on X that he has closed his Bitcoin short positions. The open interest (OI) on Bitcoin "disappeared as it grinds higher so flipped long," Sio explained. $BTC The trader has opened long positions for BTC/USDT perpetual futures at a leverage of 3x, with an entry price of $67,354.88, according to a screenshot shared by him.
#TeslaTransferBTC > Key liquidity levels: $63,746, $64,655, $68,655, with potential upside to $71,200. $BTC -> Price action resembles October 2021
-> Possible drops to $66,100 if rejected, or a retest of $71,000 if it breaks higher. #BTC☀ -> Liquidation heat map indicates significant liquidity levels at $61,700, $63,746, and $68,655.
#MarketDownturn $BTC surged after breaking out of a descending triangle and a key horizontal resistance, now turned support. $BTC As long as it holds above this level, upward momentum is likely to continue, encouraging further bullish action. #BTC☀
#BinanceTurns7 Analyst Predicts Bitcoin Rally with Critical Price Recovery $BTC You can also read this news on CoinNews: Analyst Predicts Bitcoin Rally with Critical Price Recovery
Crypto analyst Inmortal believes that Bitcoin (BTC) will strengthen its upward trend if it convincingly recovers an important price level. Inmortal stated on the social media platform X, with 216,500 followers, that all eyes are on Bitcoin after the price surpassed $63,000. Bitcoin’s October Performance and Expectations According to the analyst, Bitcoin is likely to experience further rallies if it maintains its price level. Inmortal noted that Bitcoin opened October at approximately $63,000. Inmortal sees the potential for Bitcoin to follow its price movements into December 2023. The price chart suggests that Bitcoin is on the verge of a significant breakout after over six months of sideways movement. The analyst remarked, “October 2023 and 2024 exhibited similar movements after 200-day accumulation periods.”
Critical Resistance Zone Inmortal stated that if Bitcoin successfully surpasses the resistance zone above $64,000, it will confirm the pattern. He added, “A breakout above $64,000 would create a new all-time high.” Yesterday, Bitcoin surged to a 24-hour high of $64,458, but following corrections, it is currently trading around $62,485. As Bitcoin’s future movements are carefully monitored by strategist Inmortal, market participants are following developments related to overcoming significant resistance levels. If Bitcoin surpasses critical levels, the overall sentiment in the cryptocurrency market is expected to improve. These developments could generate important signals for market participants and influence the overall dynamics.
#BTC 1 This next 7-14 days will be the beginning of what will be the greatest year of many of your lives. #BTC☀ It's going to be amazing. This is my 4th Bitcoin Bull Run. And I get more excited every time. $BTC It's hard, but remember to savor it. It goes quick. BTC$BTC
#BTC 1 📢Japanese investment firm Metaplanet announces new #Bitcoin purchase! 🇯🇵 $BTC The prominent firm made an "additional" purchase of 108.786 BTC$BTC (~$6.9M) 1H ago & currently holds 639.503 bitcoins. 💰💰 #BTC☀ The Asian private entity has continued its Bitcoin purchases undettered similar to the El Salvador government.🌐#BTC🔥🔥🔥🔥🔥
#BTC 1 #Bitcoin is facing resistance at the $64K–$64.3K level, with even more hurdles ahead. However, breaking above the descending trendline could send us 🚀 towards $70K and beyond to new ATHs! 👀 $BTC No matter the short-term moves, the long-term outlook is still bullish. #BTC☀ Stay tuned and follow for more updates!
#Binance 1 🇯🇵 BULLISH: Tokyo-based Metaplanet just bought another ¥1 billion worth of Bitcoin. It's total #Bitcoin holdings now sit at 639.5 BTC$BTC . #WeAreAllSatoshi $BTC
#solana 1 🚨 JUST IN: Japanese firm Metaplanet boosts its Bitcoin stash by 108.78 BTCBTC$BTC , now holding a total of 639.503 BTCBTC$BTC ! #WeAreAllSatoshi #BinanceTurns7 $BTC
$10B in Bitcoin shorts could liquidate at $66.2K, crypto trader warns #BTC☀ $BTC Crypto trader MartyParty recently posted on X that if Bitcoin hits $66,200, it could trigger the liquidation of $10 billion worth of short positions. He added that reaching this price point may result in a short squeeze, leading to further liquidations of $16 billion at $70,300 and $18 billion at $72,578. Bitcoin is currently trading at $63,413.69, up 2.34% over the course of the past 24 hours, according to CoinMarketCap.
Chinese Pepe (CHINPEPE) Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu
Chinese Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Chinese Pepe (CHINPEPE), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.#pepecoin🐸 This is because CHINPEPE is set to soon be listed on numerous crypto exchanges, according to reports.#WeAreAllSatoshi This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive
PEPE$PEPE Market Snapshot.. Big Upward momentum in $PEPE ... it seems soon hit 0.00001 #WeAreAllSatoshi #pepecoin🐸 $PEPE is showing bullish signs, currently trading at 0.00000978 USDT, marking a 3.49% increase. The token hit today's high at 0.00000980 USDT after rebounding from a low of 0.00000915 USDT. With a significant trading volume of 17.74T PEPE, the momentum suggests a growing trader interest. This could be an opportune moment for traders to assess potential entry points, especially if the trend continues to push past the current high, signaling further upward movement. Keep an eye on volume changes and price action for cues on sustained growth or possible retracements.