$BTC just has given a rejection wick at 4H chart frame and can give closing below EMA 200(61600)

What to expect Next ?

In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world.

and this break out will be considered as fake. 🙂‍↕️

Education Purpose post;

Most of new traders , enter long positions or buy in spot after seeing green candle immidiately after a big red candle.

Bro Crypto Doesnt work like this. If you do Scalp trading for 3-5 minutes then this strategy is fine.But 99% cases this strategy is wrong.

This is BTC 1H chart , See the selling pressure just above 1 green candle and most of new traders will buy at this point considering it a good entry but look how market responded immidiately after your buy. Most of cases market immidiately reverses back .

So ,Suggestion is dont panic or get victim of FOMO , Just wait and watch for atleast 4 hours after such dump .in these 4 Hours market will try to find a support and you will also get an idea if there is any more selling pressure or not.

There are alot of other things contribute while buying after such dump but i think the above mentioned points will save you from alot of losses and will make your investment decision better..🙏

$BTC $ETH $SOL

Previously when BTC reached to 59,500 level on 18 april 2024 , BTC pumped by $7500 in price in 6 days and gave a weekly closing at 67200 and then reversed back to 56,000.

On 4 March 2024 BTC reached to 59500 level and then pumped by $14,400 in 10 days and gave closing above 73,000 and then reversed back to 60,000.

I consider this 59k range support a high level support .

Do your own research before taking any investment decision.

$BTC $ETH #BTC

Traded well on CPI data release ...

BTC and ETH ❤️✅

$BTC $ETH $SOL

$AAVE has shown a bullish sentiment and pumped to 150 today.

It can face rejection from historical resistance zone at 154.

It has support of EMA 50 at 135 zone .

BTC Has given break out of falling wedges and trend line resistance .

It goes as predicted in analysis below.

What next ?

BTC has given break out of EMA 50 and trend line resistance level as well at 4H chart frame.

The next rejection area is 57,200 and 58,700. BTC can cone back for retracement at 54,000 level to test its buying support.

Best of luck.
$BTC $ETH $SOL

BTC weekly candle clsosed at EMA 50 Support look at weekly chart frame good thing is BTC held its Weekly Support .

What next ? BTC will first reach to 56k level at EMA 50 resistance of 4H chart frame , if BTC gives break out at that level we can hope for 59k. It doesnt mean this will happen tommorow. But we will see this level soon.....

SOL :

#SOL break out is expected at 132 trend line resistance zone at 4H chart frame. If this break out happens we will see soon SOL at 140 and above.

First check these facts and analysis on Chart then decide about investment.

$BTC $ETH $SOL

$SUI accurate Buying signal was psoted 2 days back. Those who buy , i hope are in good profit.

$BTC $ETH #SUI

BTC weekly closing should be above 55,000 for a safe long and buying . More chances are BTC is goin upside from this point .

2 Days Back BTC given break down of weekly Support and Weekly EMA 50 level at 53,000 but after then BTC did not go below 53,000 and now trading above 54,000.

If we get a weekly closing above or around 55,000 that will be 99% safe zone for buying but weekly closing near 53,000 or below 53,000 will indicate more selling pressure for next week.😉

$BTC $ETH $SOL

I never asked someone to hold or close a trade.
The simple reason is , I put stop loss on my every trade , if a trade goes against my analysis then it gets clsoed after hitting my stop loss and then it gives me chance to re-think where i was wrong , so i take rest and the again enter into trade with some new thoughts because without thinking and analysing the situation you are doing gabling not trading.

No harm to anyone's sentiments here , but the truth is Stop loss helps you to learn more you avoid liquidity depression .

We saw many people daily asking on binance square if to hold or close the trade when they are in loss . You have to learn the stop loss strategy and risk managment.

$BTC $ETH $SOL

ETH can fall quickly below 2000.

ETH has given break down yesterday of its supoort zone at 2290 and 2150 the only support zone at horizental level above 2000 is 2110 that can be broken if BTC falls below 52k .

Lets wait for BTC movement and then we will see the nect move of ETH from this level.

$BTC $ETH $SOL

Buy $SOL 124 range

SOL going to be bullish

$SUI has given break out of falling trend line at daily time frame and at 4H time it has also given break out EMA 200 amd EMA 50.

You will soon see it above 0.9 -0.95

$BTC $ETH

$BTC future trading volume of last 24 hours reached to 26 billion usdt.

Currently 90% long trades opend in last 1 hour

$SOL daily closing should be above 124 .It will be then considered a safe zone otherwise Below 124 will be more danger as SOL has given break down of it support at 121.

The bottom support of SOL is around 110.

$SOL $BTC $ETH

i marked 2200 range for eth but it went even more down in 2100 range

If you can not risk your wallet , i will suggest dont buy anything at this point .

Wait for a better risk free entry .

BTC should give daily closing and weekly closing at good safe zone that is around 55k.

Currently it looks difficult.

$ETH $BTC $BNB

High chances are BTC will target 50K .

49K is not a weak support , 50k and 49K is a strong BTC support area there will be huge buying once again at this level.

Below this level , you will be surprised to see the selling pressure ...

$BTC $ETH $SOL

BTC wiped out whole liquidity dowside and also BTC has guven break down of daily and weekly support zones at 53,800 level.

BTC also has given break down of EMA 50 at weekly time frame , EMA 200 Support is deep down , now if BTC weekly closing happens above 55,000 we will consider that a safe zone.

$BTC $ETH $SOL

$DOGS can pump to 0.0013