PEPE — Where We Are And What's Next? Here are a couple of thoughts about the Pepe chart. Let me know your thoughts! $PEPE #pepe⚡ | Ben Walther na Binance Square

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PEPE — Where We Are And What's Next?
Here are a couple of thoughts about the Pepe chart.
Let me know your thoughts!
$PEPE #pepe⚡ 

Izjava o omejitvi odgovornosti: Vključuje mnenja tretjih oseb. Ni finančni nasvet. Lahko vključuje sponzorirano vsebino. Glejte Pogoje.

PEPE

0,00000704

+1.88%

12.7k

0

Odgovori 0

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Bitcoin 4H Chart — Don't Get Fooled By The "Bear Flag" I saw countless analyses calling for a bear flag pattern on the Bitcoin 1H chart. If you did, too, and have already started worrying, you should relax and remember that technical analysis is more than drawing lines! When it comes to chart patterns, volume is typically as essential as the pattern itself. A pattern without volume confirmation is only a good guess. And that's precisely why the bear flag pattern doesn't make sense! Such a bearish continuation pattern is driven by descending volume! In other words, the price recovers gradually while the buying power disappears. Currently, we have the exact opposite. The volume increases as the price moves higher! Does that mean we are out of the woods? Absolutely not! Although Bitcoin is back in the descending channel, it has not initiated a reversal yet. 56.8k is the first intermediate target. To turn truly bullish, Bitcoin has to 1) get back above 57.5k and 2) challenge the ~60k. That's quite some work for the bulls. As often, the U.S. markets will be decisive today. If they continue to go south, Bitcoin will go lower and retest 52.5k again. Overall, we will see volatility. This is not good terrain for long-term trades, but it is the perfect environment for some short-term scalps!

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Have a great weekend everybody! I had a couple of request why I’ve been posting less recently. Simple reason: I’m currently on vacation and will be back in the saddle on Wednesday. But you can expect tons of new content. I have so many fresh ideas, trade setups, and educational material. We’ll rock this place and make Q4 a blast. 💥 Are you in?

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AAVE — The One That Shines AAVE has been one of the strongest players for the last weeks/months. However, the token hasn't yet given us the entry we are looking for. But let's do it step-by-step. Strong support: AAVE can rely on super-strong support at $120. Buyers absorbed every dip at this level, regardless of how heavily the overall market corrected. Higher highs: AAVE has been printing higher highs while the rest of the market is in a downtrend. Conversely, AAVE hasn't been able to hold above the $132 resistance and confirm the breakout on a higher timeframe. This would be mandatory for us to enter a long trade. At the moment, it is more likely that AAVE will revisit $120 again before making a new move toward the resistance at $132. $AAVE #AAVEUSDT⚡️⚡️

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Bitcoin — Short-Term Analysis Although the U.S. stock market did relatively okay yesterday, Bitcoin continued its bearish move. On the daily chart, BTC made another lower low and dipped below 56k for the first time since the beginning of August. Today, the market is slightly recovering. However, so far, this doesn't look healthy. Accordingly, I would be cautious with long trades (actually, it is not the time for longs at all). To print a reversal, Bitcoin must do the following: * Break above the sideways channel's (previous) support line (57.5k) * Make a higher high (58.5k) * Break above the descending channel's upper resistance This looks rather unlikely based on the current momentum, sentiment, and volume. As a first challenge, it will be vital to see if Bitcoin can move above 57.5k.

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🚨 Keep Your Eyes on Total3! Altcoin market (ex-ETH) has shed $240B since March, nearing a critical $525B support. Every breakout? Rejected. A drop below $525B could mean a fall to $460B or $425B.

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