LIVEKhwaab
@A_Bull
🔥 Spot x Future 🔥 10% Monthly Growth since January '24 🔥 Technical Analyst 🔥 Target $10,000 by December '24 🔥 $3000 invested 🔥
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I second that #bearish road ahead
LIVESHABANAA
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$BTC Weather Alert: Turbulence AheadAttention all BTC traders!
While some are forecasting clear skies and record highs, our analysis suggests a storm is brewing. We're predicting a potential price drop below $55k, $50k, and even $47k this week. Don't let the unexpected downturn erode your gains!It's time to secure your portfolio and consider taking profit or adjusting your strategy. Remember, experienced traders know when to navigate through turbulent markets.
Stay informed, stay protected, and share this warning with your fellow traders. #BTC #CryptoWarning #Binance #ProtectYourInvestment #shabana
While some are forecasting clear skies and record highs, our analysis suggests a storm is brewing. We're predicting a potential price drop below $55k, $50k, and even $47k this week. Don't let the unexpected downturn erode your gains!It's time to secure your portfolio and consider taking profit or adjusting your strategy. Remember, experienced traders know when to navigate through turbulent markets.
Stay informed, stay protected, and share this warning with your fellow traders. #BTC #CryptoWarning #Binance #ProtectYourInvestment #shabana
Telegram Coin Notcoin (NOT) Reclaims Uptrend With 14% Rise: A Golden Opportunity for Long Trades and
$NOT
The cryptocurrency market is buzzing with excitement as Telegram Coin Notcoin (NOT) makes a remarkable comeback. With a 14% rise, Notcoin is breaking free from its recent downtrend, positioning itself as an attractive option for investors looking to capitalize on its upward momentum.
Investors' Optimism Fuels Notcoin's Surge
Notcoin's price recovery is a testament to the growing confidence among its investors. The positive funding rate is a clear sign of bullish sentiment, indicating that traders are optimistic about Notcoin's potential. This consistent positive figure showcases the community's unwavering belief in the altcoin's future.
Moreover, the upward trend in the funding rate from a previous negative dip further reinforces this confidence. Investors are increasingly optimistic, reflecting a strong market sentiment that favors Notcoin's continued rise.
Technical Indicators Highlight Bullish Momentum
One of the most telling signs of Notcoin's potential is the Relative Strength Index (RSI), which is currently above the neutral line. The RSI, a crucial technical indicator measuring price momentum from 0 to 100, shows values above 50, indicating significant buying pressure. This elevated RSI underscores the surge in investor interest and the growing demand for Notcoin.
Notcoin's Price Prediction: Aiming for Old Highs
Currently trading just under the resistance level of $0.01794, Notcoin has seen a substantial 14% increase in the past 24 hours. This resistance barrier has been a challenging hurdle, but the prevailing bullish sentiment among investors suggests that a breakthrough is imminent. If Notcoin manages to breach this resistance, it could soar to $0.02000, offering substantial gains for investors who choose to long trades and HODL.
Seizing the Opportunity
For investors seeking promising opportunities in the cryptocurrency market, Notcoin presents a compelling case. The combined positive funding rate and RSI indicate robust bullish momentum, making now an ideal time to consider long trades. However, should Notcoin face another rejection at the resistance level, it may consolidate between $0.01794 and $0.01300. Even in this scenario, the asset remains an attractive option for those with a long-term vision, as holding onto Notcoin could yield significant returns once the bullish thesis materializes.
Conclusion
Notcoin's recent 14% rise and its ability to breach the downtrend line signify a strong recovery and a promising future. With positive market sentiment, supportive technical indicators, and the potential to reach new highs, Notcoin stands out as a golden opportunity for investors. Whether you're looking to engage in long trades or adopt a HODLing strategy, Notcoin's upward trajectory makes it a compelling asset to consider in your cryptocurrency portfolio.
The cryptocurrency market is buzzing with excitement as Telegram Coin Notcoin (NOT) makes a remarkable comeback. With a 14% rise, Notcoin is breaking free from its recent downtrend, positioning itself as an attractive option for investors looking to capitalize on its upward momentum.
Investors' Optimism Fuels Notcoin's Surge
Notcoin's price recovery is a testament to the growing confidence among its investors. The positive funding rate is a clear sign of bullish sentiment, indicating that traders are optimistic about Notcoin's potential. This consistent positive figure showcases the community's unwavering belief in the altcoin's future.
Moreover, the upward trend in the funding rate from a previous negative dip further reinforces this confidence. Investors are increasingly optimistic, reflecting a strong market sentiment that favors Notcoin's continued rise.
Technical Indicators Highlight Bullish Momentum
One of the most telling signs of Notcoin's potential is the Relative Strength Index (RSI), which is currently above the neutral line. The RSI, a crucial technical indicator measuring price momentum from 0 to 100, shows values above 50, indicating significant buying pressure. This elevated RSI underscores the surge in investor interest and the growing demand for Notcoin.
Notcoin's Price Prediction: Aiming for Old Highs
Currently trading just under the resistance level of $0.01794, Notcoin has seen a substantial 14% increase in the past 24 hours. This resistance barrier has been a challenging hurdle, but the prevailing bullish sentiment among investors suggests that a breakthrough is imminent. If Notcoin manages to breach this resistance, it could soar to $0.02000, offering substantial gains for investors who choose to long trades and HODL.
Seizing the Opportunity
For investors seeking promising opportunities in the cryptocurrency market, Notcoin presents a compelling case. The combined positive funding rate and RSI indicate robust bullish momentum, making now an ideal time to consider long trades. However, should Notcoin face another rejection at the resistance level, it may consolidate between $0.01794 and $0.01300. Even in this scenario, the asset remains an attractive option for those with a long-term vision, as holding onto Notcoin could yield significant returns once the bullish thesis materializes.
Conclusion
Notcoin's recent 14% rise and its ability to breach the downtrend line signify a strong recovery and a promising future. With positive market sentiment, supportive technical indicators, and the potential to reach new highs, Notcoin stands out as a golden opportunity for investors. Whether you're looking to engage in long trades or adopt a HODLing strategy, Notcoin's upward trajectory makes it a compelling asset to consider in your cryptocurrency portfolio.
German Government Wallet Sells $900 Million in Bitcoin: Market Impact and Concerns
The German government, through its labeled cryptocurrency wallet, has recently sold an additional $900 million worth of Bitcoin, igniting concerns about potential downward pressure on Bitcoin prices. On July 8, on-chain data from Arkham Intelligence revealed that the wallet, associated with the Bundeskriminalamt (BKA), transferred approximately 16,309 Bitcoin in multiple transactions to various external addresses. This marks the largest single-day Bitcoin liquidation by this wallet.
Significant Transfers to Exchanges and Market Makers
The transactions included substantial transfers to well-known crypto exchanges and market makers:
Flow Traders: 3,500 BTC
Kraken: 200 BTC
Bitstamp: 400 BTC
Coinbase: 400 BTC
Additionally, 700 BTC, worth over $38.5 million, was sent to the mysterious wallet "139Po," which has previously received significant amounts from the German government, including transfers of 550 BTC on July 2, 500 BTC on June 25, and 800 BTC on June 20.
Impact on Bitcoin Prices
Following these transfers, Bitcoin's price experienced a notable drop during the European trading session, falling as much as 6.75% from a high of $58,200 to a low of $54,278. The cumulative transfer amounted to 8,700 BTC.
The German government's selling spree has significantly reduced its Bitcoin holdings. According to Arkham data, the holdings have decreased from 50,000 BTC to 23,788 BTC, worth approximately $1.3 billion since the sell-off began in June.
Market Liquidations and Support Levels
This substantial selling activity triggered massive liquidations across the crypto market. CoinGlass data indicates that leveraged positions worth $425 million were liquidated, with $216 million in long liquidations. Over the last 24 hours, $189 million in Bitcoin positions were liquidated, including $81 million in long BTC positions.
Bitcoin found significant support at the $54,700 mark. However, a drop below this level could potentially trigger the liquidation of approximately $750 million worth of leveraged long positions across various exchanges, according to CoinGlass.
Mt. Gox Repayments and Additional Selling Pressure
Adding to the selling pressure, the long-awaited repayment process for creditors of the defunct crypto exchange Mt. Gox has commenced. The trustee, Nobuaki Kobayashi, announced on July 5 that repayments in Bitcoin and Bitcoin Cash (BCH) have started through several designated crypto exchanges. The total balance to be repaid stands at $9 billion worth of BTC and BCH.
Bitstamp, one of the exchanges involved, aims to quickly distribute its portion of the Bitcoin repayments, potentially introducing further selling pressure. Blockchain analytics firm Arkham Intelligence reported that $2.71 billion was moved from Mt. Gox wallets, presumably in preparation for these repayments.
Market Outlook
Despite the current selling pressure, many market participants remain optimistic about Bitcoin's long-term prospects. They anticipate that Bitcoin prices will recover and continue the bull market once the selling pressure from the German government and Mt. Gox repayments subsides.
At the time of publication, Bitcoin was trading at $56,433, down 1.52% over the last 24 hours. The market remains cautious. Market analysts are forecasting a substantial dip in Bitcoin prices in the coming hours, driven by a confluence of recent large-scale sell-offs and upcoming liquidation events.Traders are advised to exercise caution as the market navigates these turbulent waters. The next few hours could see heightened volatility and a significant dip in Bitcoin prices, prompting many to reconsider their positions and risk management strategies.
$BTC
Significant Transfers to Exchanges and Market Makers
The transactions included substantial transfers to well-known crypto exchanges and market makers:
Flow Traders: 3,500 BTC
Kraken: 200 BTC
Bitstamp: 400 BTC
Coinbase: 400 BTC
Additionally, 700 BTC, worth over $38.5 million, was sent to the mysterious wallet "139Po," which has previously received significant amounts from the German government, including transfers of 550 BTC on July 2, 500 BTC on June 25, and 800 BTC on June 20.
Impact on Bitcoin Prices
Following these transfers, Bitcoin's price experienced a notable drop during the European trading session, falling as much as 6.75% from a high of $58,200 to a low of $54,278. The cumulative transfer amounted to 8,700 BTC.
The German government's selling spree has significantly reduced its Bitcoin holdings. According to Arkham data, the holdings have decreased from 50,000 BTC to 23,788 BTC, worth approximately $1.3 billion since the sell-off began in June.
Market Liquidations and Support Levels
This substantial selling activity triggered massive liquidations across the crypto market. CoinGlass data indicates that leveraged positions worth $425 million were liquidated, with $216 million in long liquidations. Over the last 24 hours, $189 million in Bitcoin positions were liquidated, including $81 million in long BTC positions.
Bitcoin found significant support at the $54,700 mark. However, a drop below this level could potentially trigger the liquidation of approximately $750 million worth of leveraged long positions across various exchanges, according to CoinGlass.
Mt. Gox Repayments and Additional Selling Pressure
Adding to the selling pressure, the long-awaited repayment process for creditors of the defunct crypto exchange Mt. Gox has commenced. The trustee, Nobuaki Kobayashi, announced on July 5 that repayments in Bitcoin and Bitcoin Cash (BCH) have started through several designated crypto exchanges. The total balance to be repaid stands at $9 billion worth of BTC and BCH.
Bitstamp, one of the exchanges involved, aims to quickly distribute its portion of the Bitcoin repayments, potentially introducing further selling pressure. Blockchain analytics firm Arkham Intelligence reported that $2.71 billion was moved from Mt. Gox wallets, presumably in preparation for these repayments.
Market Outlook
Despite the current selling pressure, many market participants remain optimistic about Bitcoin's long-term prospects. They anticipate that Bitcoin prices will recover and continue the bull market once the selling pressure from the German government and Mt. Gox repayments subsides.
At the time of publication, Bitcoin was trading at $56,433, down 1.52% over the last 24 hours. The market remains cautious. Market analysts are forecasting a substantial dip in Bitcoin prices in the coming hours, driven by a confluence of recent large-scale sell-offs and upcoming liquidation events.Traders are advised to exercise caution as the market navigates these turbulent waters. The next few hours could see heightened volatility and a significant dip in Bitcoin prices, prompting many to reconsider their positions and risk management strategies.
$BTC
Not Coin on the Verge of Falling Hard: Claim Your Profits Now
In the fast-paced world of cryptocurrency trading, timing can be everything. One coin that is currently under the spotlight is Not Coin. Recent technical analysis suggests that this cryptocurrency is on the brink of a significant downturn, presenting a crucial moment for traders.
Technical Indicators Flashing Red
Not Coin has breached the lower speed line on its daily chart multiple times this week. This breach is a critical signal that the coin's support is weakening, and the likelihood of a sharp decline is increasing. Such a pattern is often a precursor to a more significant fall, indicating that the current bullish momentum is losing steam.
Resistance at .017 Holds Strong
Adding to the bearish sentiment, Not Coin has struggled to cross the .017 resistance level. Despite several attempts, the coin has been unable to break through this critical barrier. This repeated failure suggests that the selling pressure at this level is substantial, and without a successful breakout, the coin is likely to face further downward pressure.
Preparing for a Steep Decline
Given these technical signals, it is highly likely that Not Coin will experience a steep and fast decline. For traders, this presents an opportunity to claim profits now before the expected drop. By securing gains at current levels, traders can then look to re-enter the market at a more favorable price point.
Target Re-Entry Level: 0.009090
The projected target for Not Coin's potential bottom is around the 0.009090 level. This price point could serve as a strong support level where traders might consider buying back in. By selling now and repurchasing at this lower level, traders can potentially maximize their returns and mitigate losses.
Do Your Own Research
While the technical indicators suggest a bearish outlook for Not Coin, it's crucial to remember that cryptocurrency markets are highly volatile and unpredictable. This analysis is based on current trends and patterns, which can change rapidly. Therefore, it's essential to do your own research and consider multiple sources of information before making any trading decisions. Understanding the broader market context, keeping up with news, and consulting with financial advisors can help you make more informed choices.
Conclusion
In conclusion, Not Coin is currently flashing several bearish signals that traders should not ignore. The repeated breaches of the lower speed line on the daily chart and the inability to surpass the .017 resistance level suggest that a steep decline is imminent. By acting now and claiming profits, traders can prepare to buy back in at more attractive levels, specifically around 0.009090. Stay vigilant, conduct thorough research, and keep a close eye on the market dynamics to make the most informed trading decisions.
$NOT
#not
Technical Indicators Flashing Red
Not Coin has breached the lower speed line on its daily chart multiple times this week. This breach is a critical signal that the coin's support is weakening, and the likelihood of a sharp decline is increasing. Such a pattern is often a precursor to a more significant fall, indicating that the current bullish momentum is losing steam.
Resistance at .017 Holds Strong
Adding to the bearish sentiment, Not Coin has struggled to cross the .017 resistance level. Despite several attempts, the coin has been unable to break through this critical barrier. This repeated failure suggests that the selling pressure at this level is substantial, and without a successful breakout, the coin is likely to face further downward pressure.
Preparing for a Steep Decline
Given these technical signals, it is highly likely that Not Coin will experience a steep and fast decline. For traders, this presents an opportunity to claim profits now before the expected drop. By securing gains at current levels, traders can then look to re-enter the market at a more favorable price point.
Target Re-Entry Level: 0.009090
The projected target for Not Coin's potential bottom is around the 0.009090 level. This price point could serve as a strong support level where traders might consider buying back in. By selling now and repurchasing at this lower level, traders can potentially maximize their returns and mitigate losses.
Do Your Own Research
While the technical indicators suggest a bearish outlook for Not Coin, it's crucial to remember that cryptocurrency markets are highly volatile and unpredictable. This analysis is based on current trends and patterns, which can change rapidly. Therefore, it's essential to do your own research and consider multiple sources of information before making any trading decisions. Understanding the broader market context, keeping up with news, and consulting with financial advisors can help you make more informed choices.
Conclusion
In conclusion, Not Coin is currently flashing several bearish signals that traders should not ignore. The repeated breaches of the lower speed line on the daily chart and the inability to surpass the .017 resistance level suggest that a steep decline is imminent. By acting now and claiming profits, traders can prepare to buy back in at more attractive levels, specifically around 0.009090. Stay vigilant, conduct thorough research, and keep a close eye on the market dynamics to make the most informed trading decisions.
$NOT
#not
Be Aware that these new traders will lose most of the money, and probably blame the industry after that. If you are not teaching yourself how to analyze the market before taking a trade, I would recommend you to stop trading until you know what you are doing.
$BTC
$SOL
$NOT
$BTC
$SOL
$NOT
LIVE
Enes
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🇩🇪 The German Government sold 600 more #Bitcoin ‼️
• The government currently still has 35,488 #BTC ($2.03 billion)
#BTC_Bounce_Back_to_57k #BinanceTurns7
$BTC
• The government currently still has 35,488 #BTC ($2.03 billion)
#BTC_Bounce_Back_to_57k #BinanceTurns7
$BTC
Dogecoin's Potential Downtrend: Analyzing Key Technical Indicators and Market Conditions
$DOGE
Dogecoin (DOGE), the once whimsical meme coin that captured the hearts of the cryptocurrency community, is now facing a potential downturn. Based on recent technical indicators and the prevailing market situation, it appears highly likely that Dogecoin might hit rock bottom, with the next significant support level being around $0.07.
Current Market Overview
The broader cryptocurrency market has been experiencing heightened volatility, influenced by macroeconomic factors such as inflation rates, regulatory news, and investor sentiment. As a result, many cryptocurrencies, including Dogecoin, are witnessing downward pressure.
Technical Indicators
1.Moving Averages (MAs):
- 50-day and 200-day Moving Averages:
The 50-day MA has recently crossed below the 200-day MA, forming what is known as a "death cross." This is typically a bearish signal indicating potential further declines.
- 20-day MA:
The 20-day MA is also trending downwards, suggesting that short-term sentiment is negative.
2.Relative Strength Index (RSI):
- The RSI, a momentum oscillator that measures the speed and change of price movements, is currently hovering around the 30 level. An RSI below 30 is considered oversold, indicating that the asset might be undervalued and due for a rebound. However, persistent oversold conditions can also signal continued downward momentum.
3.Bollinger Bands:
- Dogecoin's price is currently hugging the lower Bollinger Band, which suggests increased volatility and a potential continuation of the bearish trend. This pattern often precedes significant price movements, and in this context, it hints at further declines.
4. Support and Resistance Levels:
- Immediate Resistance:
Around $0.10, where previous support has turned into resistance.
- Next Support:
The $0.07 level, a psychological and historical support zone that has held in the past.
Market Sentiment and External Factors
Several external factors are contributing to the bearish sentiment surrounding Dogecoin:
1.Regulatory Uncertainty:
- Increased regulatory scrutiny globally, especially in key markets like the United States and China, has dampened investor enthusiasm.
2.Market Sentiment:
- The general sentiment in the cryptocurrency market remains cautious. Fear, uncertainty, and doubt (FUD) are prevalent, causing traders to be wary of making new investments.
3.Macro Economic Factors:
- Inflation concerns and potential interest rate hikes by central banks have led to a risk-off sentiment, causing investors to shy away from speculative assets like cryptocurrencies.
Conclusion
Given the confluence of technical indicators and the current market environment, it is highly likely that Dogecoin might hit rock bottom, with the next significant support level at $0.07. While oversold conditions could hint at a potential rebound, the prevailing bearish sentiment suggests that investors should remain cautious. As always, it is crucial to conduct thorough research and consider multiple factors before making any investment decisions.
Dogecoin (DOGE), the once whimsical meme coin that captured the hearts of the cryptocurrency community, is now facing a potential downturn. Based on recent technical indicators and the prevailing market situation, it appears highly likely that Dogecoin might hit rock bottom, with the next significant support level being around $0.07.
Current Market Overview
The broader cryptocurrency market has been experiencing heightened volatility, influenced by macroeconomic factors such as inflation rates, regulatory news, and investor sentiment. As a result, many cryptocurrencies, including Dogecoin, are witnessing downward pressure.
Technical Indicators
1.Moving Averages (MAs):
- 50-day and 200-day Moving Averages:
The 50-day MA has recently crossed below the 200-day MA, forming what is known as a "death cross." This is typically a bearish signal indicating potential further declines.
- 20-day MA:
The 20-day MA is also trending downwards, suggesting that short-term sentiment is negative.
2.Relative Strength Index (RSI):
- The RSI, a momentum oscillator that measures the speed and change of price movements, is currently hovering around the 30 level. An RSI below 30 is considered oversold, indicating that the asset might be undervalued and due for a rebound. However, persistent oversold conditions can also signal continued downward momentum.
3.Bollinger Bands:
- Dogecoin's price is currently hugging the lower Bollinger Band, which suggests increased volatility and a potential continuation of the bearish trend. This pattern often precedes significant price movements, and in this context, it hints at further declines.
4. Support and Resistance Levels:
- Immediate Resistance:
Around $0.10, where previous support has turned into resistance.
- Next Support:
The $0.07 level, a psychological and historical support zone that has held in the past.
Market Sentiment and External Factors
Several external factors are contributing to the bearish sentiment surrounding Dogecoin:
1.Regulatory Uncertainty:
- Increased regulatory scrutiny globally, especially in key markets like the United States and China, has dampened investor enthusiasm.
2.Market Sentiment:
- The general sentiment in the cryptocurrency market remains cautious. Fear, uncertainty, and doubt (FUD) are prevalent, causing traders to be wary of making new investments.
3.Macro Economic Factors:
- Inflation concerns and potential interest rate hikes by central banks have led to a risk-off sentiment, causing investors to shy away from speculative assets like cryptocurrencies.
Conclusion
Given the confluence of technical indicators and the current market environment, it is highly likely that Dogecoin might hit rock bottom, with the next significant support level at $0.07. While oversold conditions could hint at a potential rebound, the prevailing bearish sentiment suggests that investors should remain cautious. As always, it is crucial to conduct thorough research and consider multiple factors before making any investment decisions.
Germany's Strategic Bitcoin Selloff: A Lesson in Market Manipulation
Recently, Germany announced its plan to sell its $BTC reserves, a move that has captured the attention of traders and investors worldwide. However, as of now, the country has only managed to offload a mere 7% of its holdings. This slow selloff is a calculated strategy that offers a glimpse into the sophisticated tactics often employed by large organizations.
#Strategy Gradual Selloffs
When large entities like Germany plan to liquidate significant assets, they don't execute an immediate selloff. Instead, they sell a portion of their holdings, which typically results in a temporary price drop. This initial dip creates an enticing buying opportunity for novice traders, who rush in to buy the dip, hoping for a price rebound.
However, the market often behaves contrary to these expectations. As novice traders pump the price up slightly, the large entities seize this opportunity to dump more of their holdings, achieving a better sellout price for themselves. This tactic, known as a "fake pump," exploits the optimism of inexperienced traders to maximize profits for the sellers.
Recognizing the #fakepump
We are currently witnessing a similar scenario in the Bitcoin market. The trend does not change abruptly; instead, it follows a pattern that savvy traders can learn to recognize. Before a genuine trend reversal, the market typically provides clear signals. It is crucial for traders to conduct thorough research and understand these indicators before making investment decisions.
Don't Take the #Bait
The key takeaway for traders is to avoid falling for these fake pumps. Markets are complex and often manipulated by larger players who have the resources and expertise to influence price movements. By recognizing these patterns and staying informed, traders can make more informed decisions and avoid being caught in these traps.
#conclusion
Germany's gradual Bitcoin selloff serves as a critical reminder of the sophisticated strategies employed in the financial markets. Traders must remain vigilant and conduct thorough research before making investment decisions. Understanding the concept of fake pu
mps and recognizing the signs of genuine trend reversals can help traders navigate the market more effectively and avoid costly mistakes.
#Strategy Gradual Selloffs
When large entities like Germany plan to liquidate significant assets, they don't execute an immediate selloff. Instead, they sell a portion of their holdings, which typically results in a temporary price drop. This initial dip creates an enticing buying opportunity for novice traders, who rush in to buy the dip, hoping for a price rebound.
However, the market often behaves contrary to these expectations. As novice traders pump the price up slightly, the large entities seize this opportunity to dump more of their holdings, achieving a better sellout price for themselves. This tactic, known as a "fake pump," exploits the optimism of inexperienced traders to maximize profits for the sellers.
Recognizing the #fakepump
We are currently witnessing a similar scenario in the Bitcoin market. The trend does not change abruptly; instead, it follows a pattern that savvy traders can learn to recognize. Before a genuine trend reversal, the market typically provides clear signals. It is crucial for traders to conduct thorough research and understand these indicators before making investment decisions.
Don't Take the #Bait
The key takeaway for traders is to avoid falling for these fake pumps. Markets are complex and often manipulated by larger players who have the resources and expertise to influence price movements. By recognizing these patterns and staying informed, traders can make more informed decisions and avoid being caught in these traps.
#conclusion
Germany's gradual Bitcoin selloff serves as a critical reminder of the sophisticated strategies employed in the financial markets. Traders must remain vigilant and conduct thorough research before making investment decisions. Understanding the concept of fake pu
mps and recognizing the signs of genuine trend reversals can help traders navigate the market more effectively and avoid costly mistakes.
$SOL #SpotTrader
I am getting #FirstHand experience of #FOMO.
Though I am going to stick with my strategy and I'll evaluate how many limit orders were profitable by the end of the year.
My Opinion is that $SOL will fall miserably before the actual #BullRun.
What's Your strategy ?
I am getting #FirstHand experience of #FOMO.
Though I am going to stick with my strategy and I'll evaluate how many limit orders were profitable by the end of the year.
My Opinion is that $SOL will fall miserably before the actual #BullRun.
What's Your strategy ?
$SOL
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
LIVECointelegraph
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Price Analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Bitcoin’s (BTC) failure to build upon its solid comeback on March 20 shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin exchange-traded funds (ETFs) for four straight days, according to data from Farside Investors.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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