"The 50700 zones are considered strong support for Bitcoin,

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"The 50700 zones are considered strong support for Bitcoin, and significant liquidation areas. I believe the price will drop to those levels before rising." $BTC #BTC

"The 50700 zones are considered strong support for Bitcoin, and significant liquidation areas. I believe the price will drop to those levels before rising."
$BTC 
#BTC￼  

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"After the expected scenario unfolded, we witnessed a shift in the RSI map, with currencies moving from the sell zone to the buy zone. The question arises: when will the bleeding of alternative currencies due to the dominance of USDT, Bitcoin, and DXY end?" $BTC $PEPE $BOME

〰️ A Different view is back in touch with a willingness to give important comments on the market situation - using 💰BTC as an example: 📈Bitcoin showed a solid wave of growth and covered all the last fall from 30.04-01.05, but met a strong resistance level at 64-65k$, above which it is not possible to break through so far. At the same time it is worth noting the reversal "Head and Shoulders" (H&S) on the hourly (1H TF). Among other things, there has been sideways movement for 3 days now, 🦈 A Big player is driving everyone into buying, giving hope for continued growth, and so far this situation looks doubtful.... ➡️ From the bottom at 59438$ we have formed a rather large Imbalance (IMB) of almost 2000$ which is now acting as a strong magnet 🧲. Covering this "hole" before the upward movement continues would be very appropriate. ❗ I've also attached the current liquidation heatmap, which shows a large liquidity accumulation above $67000 - we'll definitely head for it, but perhaps a bit later. 🧿 A Different view continues to stick to its trading plan and set up for a positive layout, so the longs gained at the local bottom continue to hold. A rise from current will show the strength of the buyer and is also completely satisfactory for us, but let's take into account all possible options 🧠 → Our medium-term target for BTC is to reach67000$BTC 📍$BTC

#FET The coin has shown a great impulse and is holding steadily on its current trend. The buyer is showing exceptional strength and high volumes. We’ve completed a full cycle of wave structure and have entered a new cycle. Currently, we are likely in the first wave of the 53535 structure. Long positions have broken through several configurations of the bearish triangle, indicating interest in the asset. The MA 50 has moved above the chart. While the asset's movement dynamics are positive, there is a high likelihood of the trend line moving below the chart and converting into additional support for the asset. Over the last five candles, we’ve formed two bullish engulfings, adding strength to the buyer. We’ve managed to consolidate above the 382 Fib retracement and the 618 Fib retracement, creating ample support levels for the asset at the bottom of the chart. The decrease in trading volumes is slightly concerning, as they have significantly dropped, and popular indicators (MACD, Stochastic oscillator, RSI, etc.) are slightly overbought. The key support level for the trend is at $1.7357 (just below the 0.5 Fib retracement levels). Losing this level will lead to entering a global gap area and a significant correction of 30%+. The Volume Delta indicator indicates a positive trading delta, emphasizing the predominance of buyers in the asset. The Choppiness Index (CHOP) indicator confidently broke 50 points and is rapidly decreasing, indicating a low probability of trend roughness and therefore high volatility in the asset. The DMI indicator line in positive direction (+DI) and the DMI indicator line in negative direction (-DI) are both steadily rising together, creating favorable conditions for the asset. Finally, the buyer has a great situation. It is important to maintain the local support at $2.0088 (round number area of $2). Even if this’s lost, it shouldn't be a major concern. The key level is at $1.7392. Losing this support would lead to the cancellation of the bullish trend.$FET

Not again, but again - #ETH 📌The price is trading inside the descending channel and under the strong volume level POC(3145$), which has already been repeatedly tried to break through. At the moment we have shown a successful reaction to the upper boundary of the buyer's zone of interest, and I am sure that this time we will be able to consolidate above $3,145, which will open the way to higher targets. 📝After breaking the upper boundary of the descending channel, the priority scenario is to reach the mark of $3362, followed by a breakdown of the resistance zone and a test of the mitigating level of $3658 $ETH

🔥BTC Weekly update - The current results show us that Imbalance is really important in an up or down wave. - Look at the price of BTC reacted by Imbalance Daily frame... BTC has been growing for 6 months and Imbalance most recently gave a corrective reaction to 9000 price. In my opinion, BTC is still trading in the 60000-68000 range, however, with the rejection at the 56000 range and the very strong pullback this time, it is likely that we will have a Spring in the Wyckoff pattern at this level. price 56000 if it is not broken in the near future and continues to make new highs. So how will we react now?😐 - With the above plan, the price recovered more than expected at 65,000. This is a bad recovery for sellers because many people will place Stop loss in this area. In fact, the price has partially swept the stop loss at this price level and it seems to be starting to gradually decrease. Thus, there is a high possibility that BTC will need to retest the area below at 60000-62000 before UP again⬆️ $BTC #CryptoWatchMay2024

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