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#BNB #Profit $BNB
Hey, guys.
The forecast on BNB is successfully realized. Since the breakdown of consolidation, the price of the instrument grew by 20% and gained strong momentum. The buyer is pushing hard and it doesn't look like the move is over yet. Most likely we should expect the continuation of growth, after consolidation and accumulation of “gasoline”, buyer's control zone and cancel the scenario of 630$, targets are 750-800$. Always DYOR.
Stay tuned.
Hey, guys.
The forecast on BNB is successfully realized. Since the breakdown of consolidation, the price of the instrument grew by 20% and gained strong momentum. The buyer is pushing hard and it doesn't look like the move is over yet. Most likely we should expect the continuation of growth, after consolidation and accumulation of “gasoline”, buyer's control zone and cancel the scenario of 630$, targets are 750-800$. Always DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#BNB $BNB
Hey, guys,
BNB is looking as strong as possible ignoring all corrections and negativity in the market. If the consolidation is broken, we can expect the trend to continue. Cancel scenario is below $500. Stay tuned.
Hey, guys,
BNB is looking as strong as possible ignoring all corrections and negativity in the market. If the consolidation is broken, we can expect the trend to continue. Cancel scenario is below $500. Stay tuned.
#DYDX $DYDX
Hey, guys.
Today let's take a look at DYDX.
After breaking the downtrend and finding the local bottom, the instrument is in consolidation. Buyers' volumes appeared on ASK delta. In the current consolidation, there is an outflow from the exchanges, which indirectly indicates accumulation of position and conclusions for further HODL by big players.
I am looking closely at a break and go above $2.2, cancel and stop loss zone below 1.8.
This instrument may follow Uniswap as it too belongs to the same sector of DEFI and decentralized exchanges.
Always D.Y.O.R.
Stay tuned.
Hey, guys.
Today let's take a look at DYDX.
After breaking the downtrend and finding the local bottom, the instrument is in consolidation. Buyers' volumes appeared on ASK delta. In the current consolidation, there is an outflow from the exchanges, which indirectly indicates accumulation of position and conclusions for further HODL by big players.
I am looking closely at a break and go above $2.2, cancel and stop loss zone below 1.8.
This instrument may follow Uniswap as it too belongs to the same sector of DEFI and decentralized exchanges.
Always D.Y.O.R.
Stay tuned.
LIVEPROFIT_PILOT
--
#BTC #Bitcoin $BTC
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
#gold #gc1
Gold is consolidating after correction.
The instrument is being bought back from the lower boundary, the buyer is switched on, as we are told by the clusters below and tails. Strong support is at 2280 which should not be broken. The long set up is strengthened by the devaluation of the dollar, the growth of bonds, and major currencies.
Gold miners also corrected to the support zone, and if we start to bounce from here, it also strengthens the longing scenario.
Set a position in the range of 2345-2355.
Cancellation of the scenario and consolidation below 2280. Always DYOR.
Stay tuned.
Gold is consolidating after correction.
The instrument is being bought back from the lower boundary, the buyer is switched on, as we are told by the clusters below and tails. Strong support is at 2280 which should not be broken. The long set up is strengthened by the devaluation of the dollar, the growth of bonds, and major currencies.
Gold miners also corrected to the support zone, and if we start to bounce from here, it also strengthens the longing scenario.
Set a position in the range of 2345-2355.
Cancellation of the scenario and consolidation below 2280. Always DYOR.
Stay tuned.
#XRP #Ripple $XRP
Hey, guys.
XRP has formed a set up to buy.
1. Injected a large volume of buyer
2. Price is in consolidation
Under the growing market of cryptocurrencies I think that there is every chance to break through the consolidation in which the instrument has been since mid-April.
The entry range is 0.515-0.535.
Cancellation of the scenario and stop loss zone - departure and consolidation of the price below 0.5.
Targets are 0.55-0.58-0.6-0.64.
Always DYOR.
Stay tuned.
Hey, guys.
XRP has formed a set up to buy.
1. Injected a large volume of buyer
2. Price is in consolidation
Under the growing market of cryptocurrencies I think that there is every chance to break through the consolidation in which the instrument has been since mid-April.
The entry range is 0.515-0.535.
Cancellation of the scenario and stop loss zone - departure and consolidation of the price below 0.5.
Targets are 0.55-0.58-0.6-0.64.
Always DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP#Ripple $XRP
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
#Bitcoin $BTC #BitcoinWeekly
Hey, guys.
Hope you're okay.
This is the weekly update on Bitcoin.
In the last weekly update, I said that bitcoin would consolidate to build up strength for a further upward move. Overall the forecast is working out exactly, we saw an attempted decline to the 67k zone, from where the price was bought back up again and returned to the 69k zone.
Today we will take a closer look at the onchain metrics to confirm the technical analysis more fundamentally.
1. open interest in derivatives.
Continues to remain at a high level, if we saw a significant drop in OI, this could be interpreted as unloading, but this is not the case, OI remains high, which in the current uptrend conditions, could be interpreted as accumulation.
2. Stock exchange reserves
There is a significant decline in reserves, which, indirectly indicates accumulation on cold wallets and preparation for HODL assets.
3. exchange netflow.
On the graph you can also see a decrease in the bitcoin balance on exchanges, which is a confirmation of the upcoming growth, a similar pattern was observed in November 2023.
4. In terms of TA, as before, we can distinguish the key support of 67 thousand, and more distant 64 thousand. Targets remain the same at 72, 74 and 79 thousand.
5. The news FUD remains positive, the launch of Ethereum ETF trading is expected in June, which will also have a positive effect.
In these conditions, it makes sense to continue to remain bullish and build your trade from the long.
Always DYOR.
Guys our community is expanding and we are almost 10 thousand, you can write in the comments what content you miss, I try to read all the comments. And also put 👍 this idea if it was useful to you and subscribe so you don't miss regular updates.
Stay tuned.
Hey, guys.
Hope you're okay.
This is the weekly update on Bitcoin.
In the last weekly update, I said that bitcoin would consolidate to build up strength for a further upward move. Overall the forecast is working out exactly, we saw an attempted decline to the 67k zone, from where the price was bought back up again and returned to the 69k zone.
Today we will take a closer look at the onchain metrics to confirm the technical analysis more fundamentally.
1. open interest in derivatives.
Continues to remain at a high level, if we saw a significant drop in OI, this could be interpreted as unloading, but this is not the case, OI remains high, which in the current uptrend conditions, could be interpreted as accumulation.
2. Stock exchange reserves
There is a significant decline in reserves, which, indirectly indicates accumulation on cold wallets and preparation for HODL assets.
3. exchange netflow.
On the graph you can also see a decrease in the bitcoin balance on exchanges, which is a confirmation of the upcoming growth, a similar pattern was observed in November 2023.
4. In terms of TA, as before, we can distinguish the key support of 67 thousand, and more distant 64 thousand. Targets remain the same at 72, 74 and 79 thousand.
5. The news FUD remains positive, the launch of Ethereum ETF trading is expected in June, which will also have a positive effect.
In these conditions, it makes sense to continue to remain bullish and build your trade from the long.
Always DYOR.
Guys our community is expanding and we are almost 10 thousand, you can write in the comments what content you miss, I try to read all the comments. And also put 👍 this idea if it was useful to you and subscribe so you don't miss regular updates.
Stay tuned.
LIVEPROFIT_PILOT
--
#BTC #Bitcoin $BTC
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#TAO $TAO #Bittensor
TAO expectations and reality
TAO expectations and reality
#AI #FET #AGIX #NEAR
Elon Musk's startup xAi has raised an additional 6 billion in funding from institutional investors, before that the company's capitalization was already 18 billion. Against this background, NVIDIA shares have updated their ATH and reached $1150 per share, as well as last week was announced a 1-to-10 stock split, and often the pattern after the split is unloading and correction. But we may see some upward movement of 5-10%.
Crypto instruments aphelated with this industry may follow. AGIX may still correct, but after that it will return to $1.5 zone, key support is below $0.6.
FET could also move down further to the $1.8 zone and then recover to the $3.5-4 zone, support zone is at $1.5.
NEAR looks already corrected enough, targets in case of trend continuation $10-12. Key support is below $6.
You can also take a closer look at alts from this sector with smaller capitalization, if the topic is interesting let me know by liking, I will make a selection.
Always DYOR. Stay tuned.
Elon Musk's startup xAi has raised an additional 6 billion in funding from institutional investors, before that the company's capitalization was already 18 billion. Against this background, NVIDIA shares have updated their ATH and reached $1150 per share, as well as last week was announced a 1-to-10 stock split, and often the pattern after the split is unloading and correction. But we may see some upward movement of 5-10%.
Crypto instruments aphelated with this industry may follow. AGIX may still correct, but after that it will return to $1.5 zone, key support is below $0.6.
FET could also move down further to the $1.8 zone and then recover to the $3.5-4 zone, support zone is at $1.5.
NEAR looks already corrected enough, targets in case of trend continuation $10-12. Key support is below $6.
You can also take a closer look at alts from this sector with smaller capitalization, if the topic is interesting let me know by liking, I will make a selection.
Always DYOR. Stay tuned.
#LRC #Loopring $LRC
Hey, guys,
today we're looking at the altcoin Loopring (LRC), DEFI.
The coin is trading in consolidation, within the confines of a bearish candle, after resetting on April 13. A break of the 0.29-0.3 zone, will give potential again to the upper boundary of the last high to the 0.45-0.5 zone. Cancel the scenario and the stop zone is below 0.23. DYOR.
Stay tuned.
Hey, guys,
today we're looking at the altcoin Loopring (LRC), DEFI.
The coin is trading in consolidation, within the confines of a bearish candle, after resetting on April 13. A break of the 0.29-0.3 zone, will give potential again to the upper boundary of the last high to the 0.45-0.5 zone. Cancel the scenario and the stop zone is below 0.23. DYOR.
Stay tuned.
LIVELIVEPROFIT_PILOT
--
#MEMES satoshi tears
#BTC #Bitcoin $BTC
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
#ETHETF #BTC
Hey, guys,
this week is filled to the max with non-verbal interventions in the cryptocurrency market.
Let's take another look.
1. the White House blocked the creation of a CBDC for the federal reserve system- This is a kind of Everton window I think, first you spread rumors, then you talk about it openly, then you ban it, and the next step?
2- The hype around the adoption of etherium ETFs- SEC approved all applications.
3. hype around the repeal of the FIT21 law - prohibiting financial institutions such as pension funds to buy, store cryptocurrencies, for reference in the U.S. pension funds are about 20 trillion, if a small part of it starts to go into crypto, you, I think, understand what it will lead to.
If I missed something, please correct me.
Stay tuned.
Hey, guys,
this week is filled to the max with non-verbal interventions in the cryptocurrency market.
Let's take another look.
1. the White House blocked the creation of a CBDC for the federal reserve system- This is a kind of Everton window I think, first you spread rumors, then you talk about it openly, then you ban it, and the next step?
2- The hype around the adoption of etherium ETFs- SEC approved all applications.
3. hype around the repeal of the FIT21 law - prohibiting financial institutions such as pension funds to buy, store cryptocurrencies, for reference in the U.S. pension funds are about 20 trillion, if a small part of it starts to go into crypto, you, I think, understand what it will lead to.
If I missed something, please correct me.
Stay tuned.
#XRP#Ripple $XRP
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP #RIPPLE $XRP
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
$DOT #DOT #Polkadot
Hey guys,
Polkadot looks good for buying, the instrument has broken the descending local trend, as well as the price at the breakdown zone of rectangular consolidation.
On the daily chart it is seen that the price has stopped at its moving averages.
Also we have injected a large volume, after which the price does not roll back, which indicates the control of buyers and this is a bullish sign.
Based on this, we can consider buying at the breakdown of the local sidewall, or above $7.7-7.8. Cancel scenario and stop zone below 6.8 and more distant 6.4 depending on your risk profile. Always DYOR.
Stay tuned.
Hey guys,
Polkadot looks good for buying, the instrument has broken the descending local trend, as well as the price at the breakdown zone of rectangular consolidation.
On the daily chart it is seen that the price has stopped at its moving averages.
Also we have injected a large volume, after which the price does not roll back, which indicates the control of buyers and this is a bullish sign.
Based on this, we can consider buying at the breakdown of the local sidewall, or above $7.7-7.8. Cancel scenario and stop zone below 6.8 and more distant 6.4 depending on your risk profile. Always DYOR.
Stay tuned.
#XRP #RIPPLE $XRP
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP #XRPL $XRP
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
#NVIDIA #Crypto
Hey, guys,
today's market focus is NVIDIA's earnings report.
To appreciate the importance of this, a few numbers - NVIDIA's market capitalization is 2.35T, which is more than the GDP of countries like Italy and Spain. Revenue is projected to be 24.5 billion.
If Nvidia achieves these estimates, Q1 sales growth will be 243% YoY, given that last year Q1 sales totaled $7.2B. Historically, Nvidia stock has shown an average absolute move of +/-8.97% on days when Q1 earnings are announced. If that average holds, Nvidia's market capitalization could change by about +/- $200 billion on Thursday, which is more than the market capitalization of about 90% of the companies in the S&P 500.
It's worth mentioning that the stock is currently trading near its all-time highs, and is in consolidation. The continuation of the trend will determine the direction of the stock indices, as NVIDIA shares account for a huge share in their calculation. Well, the cryptocurrency market and bitcoin are highly correlated with the stock market. That's why I'm talking about it in such detail. If the stock market continues to rise, bitcoin is likely to follow and vice versa, if it slows down and corrects, it will probably correct as well. DYOR.
Stay tuned.
Hey, guys,
today's market focus is NVIDIA's earnings report.
To appreciate the importance of this, a few numbers - NVIDIA's market capitalization is 2.35T, which is more than the GDP of countries like Italy and Spain. Revenue is projected to be 24.5 billion.
If Nvidia achieves these estimates, Q1 sales growth will be 243% YoY, given that last year Q1 sales totaled $7.2B. Historically, Nvidia stock has shown an average absolute move of +/-8.97% on days when Q1 earnings are announced. If that average holds, Nvidia's market capitalization could change by about +/- $200 billion on Thursday, which is more than the market capitalization of about 90% of the companies in the S&P 500.
It's worth mentioning that the stock is currently trading near its all-time highs, and is in consolidation. The continuation of the trend will determine the direction of the stock indices, as NVIDIA shares account for a huge share in their calculation. Well, the cryptocurrency market and bitcoin are highly correlated with the stock market. That's why I'm talking about it in such detail. If the stock market continues to rise, bitcoin is likely to follow and vice versa, if it slows down and corrects, it will probably correct as well. DYOR.
Stay tuned.
#BTC #Bitcoin $BTC
Hey guys,
bitcoin reached both targets of 67 and 72 thousand, the profit was 6-14% respectively. And at the moment the price is at the upper boundary of the sidewall, and near ATH. It is necessary to realize that in this zone some market participants will close their long positions and fix profits.
It is difficult to say whether the growth will continue or not, it is necessary to see how the price will behave in this zone, if we do not see a sharp pullback, it is quite possible that we will go higher and update the high price. The key support is at the levels of 69 and more distant zone of 67 K. DYOR.
Stay tuned.
Hey guys,
bitcoin reached both targets of 67 and 72 thousand, the profit was 6-14% respectively. And at the moment the price is at the upper boundary of the sidewall, and near ATH. It is necessary to realize that in this zone some market participants will close their long positions and fix profits.
It is difficult to say whether the growth will continue or not, it is necessary to see how the price will behave in this zone, if we do not see a sharp pullback, it is quite possible that we will go higher and update the high price. The key support is at the levels of 69 and more distant zone of 67 K. DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#BTC #Bitcoin #Midterm $BTC
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
LIVEPROFIT_PILOT
--
#Altcoins #whatchlist
Hey guys, we are 7000 people, to thank you for your attention and trust I prepared for you a selection of coins that look good.
Now many altcoins are waiting for bitcoin's next move.
Similar formations (breaking the downtrend and breaking the consolidation) are seen in many altcoins and you can identify them yourself, but it is advisable to work with liquid instruments. It is worth remembering that the entire altcoin market is highly correlated and you should not take excessive risks, leave inadequate leverage for beginners. DYOR.
Stay tuned.
Hey guys, we are 7000 people, to thank you for your attention and trust I prepared for you a selection of coins that look good.
Now many altcoins are waiting for bitcoin's next move.
Similar formations (breaking the downtrend and breaking the consolidation) are seen in many altcoins and you can identify them yourself, but it is advisable to work with liquid instruments. It is worth remembering that the entire altcoin market is highly correlated and you should not take excessive risks, leave inadequate leverage for beginners. DYOR.
Stay tuned.
#BTC $BTC #ETHETFS
Hey, guys, this is a weekly update on bitcoin.
in the last weekly review bitcoin was trading at 63k and I said that the buying pressure remains strong and most likely after the technical correction is over we will resume growth. In addition, last week good inflation data came out at 3.4% (previous 3.5%) which also had a positive impact on all risky assets (indices, stocks, precious metals and cryptocurrencies).
Looking at the metrics of inflows into the spot bitcoin ETF, we have a decidedly bullish scenario of 5 green days with total inflows of 920 million, the smart money continues to gain ground.
Technically at the moment bitcoin has broken the local downtrend and back above its moving averages, and looks good for a continuation of the trend into the 69-70k zone.
Key support is currently at 64-63.5K and the more distant 60K.
The entire focus of the cryptocurrency market will be directed this week to the SEC's Decision on the ETF on etherium.
Negative decision is negative for the market , Positive decision is super positive.
Institutional investors are preparing for disappointment, which may explain the weak performance of etherium. But of course there are also potential chances for a positive decision, which is associated with political motives in the U.S. election year.
Macro data that may affect volatility and asset prices this week.
1. manufacturing and service sector business activity index (PMI)
2. Initial jobless claims
Stay tuned. Always DYOR.
Hey, guys, this is a weekly update on bitcoin.
in the last weekly review bitcoin was trading at 63k and I said that the buying pressure remains strong and most likely after the technical correction is over we will resume growth. In addition, last week good inflation data came out at 3.4% (previous 3.5%) which also had a positive impact on all risky assets (indices, stocks, precious metals and cryptocurrencies).
Looking at the metrics of inflows into the spot bitcoin ETF, we have a decidedly bullish scenario of 5 green days with total inflows of 920 million, the smart money continues to gain ground.
Technically at the moment bitcoin has broken the local downtrend and back above its moving averages, and looks good for a continuation of the trend into the 69-70k zone.
Key support is currently at 64-63.5K and the more distant 60K.
The entire focus of the cryptocurrency market will be directed this week to the SEC's Decision on the ETF on etherium.
Negative decision is negative for the market , Positive decision is super positive.
Institutional investors are preparing for disappointment, which may explain the weak performance of etherium. But of course there are also potential chances for a positive decision, which is associated with political motives in the U.S. election year.
Macro data that may affect volatility and asset prices this week.
1. manufacturing and service sector business activity index (PMI)
2. Initial jobless claims
Stay tuned. Always DYOR.
