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Bitcoin Update. - Chart one clearly shows that the market maker structure is in play, following the AMD pattern (Accumulation, Manipulation, and Distribution). There’s a 75% chance for this structure to succeed whenever it is noticed. Positive days are ahead. Any new project launching from next month might be exceptionally fortunate, as I anticipate an aggressive bull season starting then. - Chart two is very significant. We observed a strong bounce from a key level, occurring precisely after closing the monthly fair value gap. This monthly chart is crucial for our analysis, as the bearish engulfing pattern remains in effect. This pattern will only be negated if we see a monthly close above 71,300. $BTC #Bitcoin❗
Monthly Chart Analysis: The price has touched a significant support zone on the monthly chart, a point likely to attract liquidity. This area may present a promising opportunity for buyers to step in.
Chart 2 Analysis: If the price has not reached an imbalance or taken out an old high or low on the Daily, Weekly, or Monthly charts, there is no compelling reason to trade that pair. In this case, we see that the price has swept through the old lows, indicating a potential shift in market direction. Traders should wait for the price to reclaim the previous range before considering opening long positions.
Investment Perspective: For long-term investors, this juncture represents an excellent opportunity for DCA. $BTC
UPDATE on #Vechain Chart 1: This chart illustrates our successful snipe entry, with the price filling the Fair Value Gap (FVG) before surging upwards.
Chart 2: This chart clearly displays a market maker structure known as Accumulation, Manipulation, and Distribution (AMD). Given this structure, I’m quite confident that further upward movement is imminent. (WAGMI) 🤞🤑 $VET #VETUSDT
UPDATE on #Vechain Chart 1: This chart illustrates our successful snipe entry, with the price filling the Fair Value Gap (FVG) before surging upwards.
Chart 2: This chart clearly displays a market maker structure known as Accumulation, Manipulation, and Distribution (AMD). Given this structure, I’m quite confident that further upward movement is imminent. (WAGMI) 🤞🤑 $VET #VETUSDT
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On weekly TF, VeChain has broken below the ascending trendline, but it might be a fake breakout. The price could reclaim the trendline and move back upwards.
Traders should hold off on buying now and wait for the 4-hour time frame fair value gap (FVG) to close (0.02170) before considering to open a buy position.
BTC UPDATE: When you notice a bullish divergence at a support level, it indicates that buyers are firmly entering the market.
This could be a crucial point where, despite the bears’ resistance, increased buying pressure may force them to retreat. For bulls, a bullish divergence on the charts, particularly at these key levels, offers a sense of reassurance. $BTC #Bitcoin❗
On weekly TF, VeChain has broken below the ascending trendline, but it might be a fake breakout. The price could reclaim the trendline and move back upwards.
Traders should hold off on buying now and wait for the 4-hour time frame fair value gap (FVG) to close (0.02170) before considering to open a buy position.