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chatGBT told me we are going lower guys. this is the technical analysis he did for the image attached. He seems right but nobody knows what will happen, and what follows is the TA he gave me: If I were a professional trader my short-Term View is bearish, as price is struggling to break above the 21-day moving average (MA) and seems to be consolidating, so any break below the $60,000 level could signal a sharper move downwards.Long-Term View: Still bullish, as the 200-day moving average is far below the price, indicating long-term strength. Pattern Identification: The chart appears to display a descending triangle or consolidation pattern. This is visible from the series of lower highs starting from the $73,777 peak and the support level forming around the green horizontal line at approximately $60,000. Descending triangles are typically bearish patterns, as they show that the price is making lower highs while holding a certain support level, which could eventually break down. Moving Averages: The 21-day moving average (MA) is trending above the current price, indicating downward pressure in the short term. The 200-day moving average (MA) is significantly below the current price, showing that the long-term trend is still bullish overall, but the current price is in a correction phase. Price Levels: Key resistance level seems to be around $62,000 (the MA-21), as the price is failing to break through this level consistently. If the price fails to maintain the $60,000 support, we could see a further bearish breakdown. Volume: There's a visible decline in trading volume, which can indicate that the current consolidation phase might result in a sharp movement once volume increases. Lower volume during a consolidation typically means traders are waiting for a breakout. Conclusion: it means we are going down 👇 so if you are on Spot TAKE profits today asap
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Biggest crypto showdown! TOKEN2049 is gearing up to take over Singapore from 16-22 September 2024. It’s where the entire global crypto scene collides in one place #LFG🚀 TOKEN2049 kicks off the Formula 1 Singapore Grand Prix Race Weekend—so buckle snowflakes up for a week you won’t forget (wen Lambo 🤔) 🚗💨 Expect hundreds of meetups, workshops, and non-stop networking before the two-day main event. Tens of thousands of attendees will flood the city, turning it into a vibrant playground for innovation. Whether you're launching a product, sharing your latest big idea, or just hunting for life-changing connections, this is the place to be. $TON $WIF $BNB #token2024Singapore #Token2024Dubai #CryptoNewss #bitcoin☀️
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If you’ve made some profits on your spot trades, now might be a good time to cash out a bit. Taking profits is important—markets can be unpredictable, and securing some gains helps protect you from sudden drops. There are different ways to do this. Take partial profits: Sell a portion of your holdings and keep the rest in the market. Use a trailing stop: This lets you lock in profits while still staying in if the market goes up. Sell into strength: Cash out when prices are high and the market is looking strong. Once you’ve taken profits, you can use Dollar Cost Averaging (DCA) to buy back in over time. This spreads out your re-entry and helps avoid buying everything at the wrong time. Lock in some gains, convert to stablecoins and then plan your next move!
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these are the coins I chose for the bull run. I want to add also $SUPER and $WIF and $BNB for the airdrops and also FET for the ai play. what do you think about my portfolio guys?
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use my code to join guys, go to their website and enter it as your invite: BionicCrypto to start mining now for free on your phone you will get one Pi as a gift Pi network is not listed on Binance. Pi Network cannot be traded bought or sold ANYWHERE Only transferred for goods and services in their marketplace and approved stores $ETH $SOL $BNB
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