#Bitcoin BTC is still trading within a descending broadeni | Kri on Binance Square

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#Bitcoin 
BTC is still trading within a descending broadening wedge pattern. 
The price is consolidating near the upper resistance line,  a breakout could lead to a massive upside rally.
The technical target for this pattern is $95,700.

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BTC

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+5.86%

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0

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#BTCDOMINANCE 🅱️ Bitcoin Dominance Meets Strongest Resistance, Inverted Correction Over! Nobody thought about doing this... Watch, isn't this smart? I plotted the Fib. retracement levels for the last bear-market wave and look what I found, Bitcoin Dominance is now trading at the strongest resistance possible, the 0.618 Fib. retracement level. ➖ Since September 2022, BTC.D has been moving within an inverted correction. ➖ There is super high bear volume mid-March 2024, signaling that some change is coming. Trading volume then starts to drop. ➖ As BTC.D approaches this major resistance level, it produces a rising wedge which is a bearish pattern that points toward a trend reversal. I don't need to go any further. This index can drop now that a major resistance level has been met. Thank you for reading. Namaste. #BTCD #BTC #Bitcoin #Crypto $BTC

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#BTC 🅱️ Bitcoin New All-Time High After Capitulation Event To keep it simple, we just need to deduct 50% from an average price tag of around $72,000, this would put Bitcoin at around $36,000 on this major crash. This same level matches EMA55 on the monthly timeframe. This would be remembered as Bitcoin's 2024 capitulation event. What happens after the capitulation event? Sustained long-term growth. A new 100K target is a very easy for Bitcoin but should be hit in 2025, not 2024. A new All-Time High in 2025 will take prices beyond $150,000 or $180,000... Prepare for long-term growth. Thank you for reading. Your support is appreciated. Namaste. #Bitcoin #BitcoinRecovery #BTCNews $BTC

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#Altcoins | #TRX ✴️ Tron: New High & Double-Top (Full Trade-Numbers SHORT Incl.) TRXUSDT (Tron) just produced a new high and double-top. This is one of the pairs that offers the best risk reward ratio because it trades so close near the All-Time High, near resistance. Current price action is ultra-bearish. There are many signals we can look at but let's keep it simple. Notice the high bearish volume on 21-August, this is the main bearish signal and predicts that the top is in and a major crash follows next. The crash can take days, weeks or months to happen but this is the next major move. Notice there are no huge green volume bars. If TRXUSDT were trading at bottom prices and ready to grow, you would see a very strong green volume bar before the rise, the inverse of what we are seeing now. We have an active short from August 22 and it is still valid, I will share it below for your convenience: tradingview.com/chart/TRXUSDT/… This is just a friendly warning/reminder. Remember that leveraged trading is for experts only and carries high risk. Do your own research. I am rooting for your continued expansion. I am hoping that you can achieve your financial goals and achieve personal success. You deserve the best. Thank you for reading. Namaste. #TRON $TRX

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#Altcoins | #APT ✴️ Aptos: Correction Is Not Over, 40% Drop Followed By Bull-Market The lower high is in and APTUSDT (Aptos) has been bearish for 13 days, but the correction isn't likely over. The fact that a strong lower high was produced on 22-October vs 26-March signals that this pair is likely to hit a new low or lower low. The minimum drop with the current chart structure and price dynamics would be a test of the 5-August low, which would be around -40%. It can go even lower on a wick but this wouldn't change the fact that a strong recovery will follow as soon as the bottom is in. So not all is bad news. It will crash moving down strong and fast but then it will recover strong and fast also. While the final "leg-down" will only take a few days to unravel, maybe a few weeks, the proceeding bull-market can go for 8-12 months. So we are looking at 2-3 weeks red, maximum, followed by almost an entire year of sustained growth. That's a good deal if you ask me. Thanks a lot for your continued support. $APT

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