#Bitcoin - Daily Update: 🔶The stock price has broken out of the bearish configuration (ascending wedge), causing strong selling pressure!
Since we are in the middle of the daily channel (3rd chart), it is difficult to say whether the price will go higher or lower in the long term!
Very Neutral Zone [HTF]⏳⚠️
🔶3 Important Levels to Watch:
61 700 - 59 500 and 57 100$
🔶Major Resistance Above: 62 800$!
🔷Currently, the price has found support at 58k!
50% fib support at $57,150 could act as a magnet📉⚠️
💡If bulls manage to break above $62,800, I recommend closing your short positions!
Watch out for [H1 downtrend] and beveled trend resistances now!
📊A possible setup: I see Pump retesting $61,600 - $62,000; wedge break and CME gap fill. (short term) 📈 Then another selloff to test the mentioned 50% fib support! 📉 #bitcoin #BTC☀ #TradingMadeEasy #Bitcoin❗ $BTC
$GLMR is coming back. The way it got support at $0.12 and quickly bounced back shows that this is just the beginning of another big rally. $0.35 will be the next target for this rally. Expect $BTC to continue to rally as well. We saw a 450% increase in the last rally.
What is Bitcoin Good For? We're Back Where We Were!
While everyone was excited when we left the sideways channel a few days ago, most of them were scared when we went back in.
Once again, things escalated quickly due to leveraged liquidations after Bitcoin lost 62k. "According to CoinGlass, about $85.93 million in bitcoin liquidations occurred."
It seems like people will never learn...
However, let's look ahead. Funding rates look healthier now. Conversely, we haven't seen a strong reaction from buyers yet. As such, we're back in our sideways channel — stuck between 57k and 61/62k. Glad I haven't erased the lines on my charts yet 😅
Today, we have NVIDIA reporting and they're expected to post some record numbers. This will certainly spur a relief rally and could liquidate tons of accumulated shorts.
Bitcoin Price Drops, But Key Support Remains Intact
Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before starting to rise again in the near term. Bitcoin failed to clear the $65,000 resistance zone and corrected gains. The price is trading below the $63,500 level and the 100 hourly simple moving average. There was a break above a key bullish trend line with support at $63,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
If you're thinking of selling all your tokens right now, be patient - the price has been rising strongly, but it seems a bit chaotic at the moment
Don't let that fool you - it will soon come out of this phase and start rising again
Keep some of your $DOGS for yourself - that's fine. Take a look at Notcoin $NOT - for example. After listing it skyrocketed 48x before falling, but even now it is still 2x higher than the low
Selling everything now could mean missing out on the next big move I am not saying you should hold all of it but just hold a portion to see what tomorrow brings for $DOGS
$DOGS token has attracted a lot of attention after being listed on major exchanges such as Binance, HTX, ByBit and OKX
A smart trader made a big move by buying nearly 55.9 million DOGS for $18,400 TON before listing on CEX
As the price of $DOGS skyrocketed, the trader cashed out $34,600 by selling 20 million $DOGS and moving the rest to CEX, ending up with $77,300 - a 420% profit
$DOGS is currently trading at $0.00122, down 23% after listing with a market cap of $640 million la - But interest is still rising
DOGS open interest has skyrocketed 35% in the last 4 hours and 16,000% in the last 24 hours
There is a strong short squeeze and early buyers are starting to sell, so we could see more action soon - Over 8 million users have claimed their airdrop and the project's Telegram has 16 million active users, showing strong potential ahead
HOW MUCH IS YOUR PROFIT? OR ARE YOU STILL HOLDING?
Understanding the $DOGS Situation: A Simple Analysis
The $DOGS token is facing uncertainty, potentially mirroring the fate of NotCoin. Here's why:
1. *Common Origin*: $$DOGS and NotCoin come from the same group, raising concerns.
2. *Investigation*: Durov's investigation could make the situation worse.
3. *Market Manipulation*: The same market maker is operating on the tokens, creating a suspicious pattern: - Liquidity Gathering - Merging - Pumping after a week or two
4. *Dump*: A potential dump is looming, possibly due to weak markets or larger plans for the tokens.
*Warning*
Wait for the price to drop to at least 0.0007 (unless Durov's situation improves and the TON ecosystem skyrockets). However, this is a complex situation and careful consideration is important.
In this article, I will talk about the five minute scalping strategy. The five minute scalping strategy will be quite interesting for all traders and also for beginners. Every trader can use this indicator and they can make a lot of profit.
Best indicator for 5 minute chart
In a 5 minute scalping system or strategy, the seller and buyer need to establish a minimum of 10 trades in no more than a day to profit from any insignificant price movement. A strict exit system or strategy should be implemented to keep any possible drawdown in check.
Bitcoin has been range-bound for nearly a month. Whether it can break through depends on Powell's speech at 10 o'clock tonight.
Tonight is expected to push the market out of the 10,000-point market, which is no exaggeration. You can see that TEDA has recently minted USDT. As far as I know, it has exceeded 2.5 billion US dollars. Isn't this 2.5 billion just waiting for tonight?
There have been some movements in imitators in the past few days. Although it is not a good thing to raise prices in advance, you have to arrange when necessary.
In addition, the impact of Mentougou has been getting smaller recently, indicating that the market has gradually adapted. There are now 44,899 addresses.
The interest rate cut is getting closer. I think the market conditions will be good in August and September. No need to be pessimistic and boldly enter the market.
Bitcoin looks below 55,000 Follow stx fet sun api3 intraday
If you think this message is useful to you, double click to like + follow to support it. $WLD $STX $SUN
Kamala Harris' Tax Proposal Is Shaking Up Crypto Markets! With a 45% Capital Gains Tax on the horizon and talk of an additional 25% tax on unrealized gains, the crypto world is in turmoil! 💥
💣 *Crypto Markets Feeling the Heat*: Bitcoin ($BTC) and Altcoins Are Plunging as Investors Prepare for Potential Outcomes:
1. *Business Migration*: Could Tighter Tax Laws Push Crypto Innovation Out of the US?
2. *Investor Confidence*: Will Higher Taxes Sink Investor Confidence and Slow Adoption?
3. *Market Volatility*: How Will Regulatory Uncertainty Impact the Market?
🔥 *Crypto Community Speaks Out*: The Battle Is On to Prevent Over-Regulation, Maintain U.S. Competitiveness, and Protect the Economy!
🗣 *Join the Discussion*: How Will These Proposals Impact Crypto? What Can Be Done to Balance Regulation and Innovation?
$TRB is currently consolidating in a rectangle pattern, which is likely to turn into a bullish reversal formation. I expect the price to spike, resulting in a break above the pattern's resistance line, with a target range of $70.53
The chart $ALT shows bearish movements. This block (1) is the main resistance zone. If ALT breaks this zone, #ALT moves 0.112 usdt. 0.083 is the next support line.
$NFP is rising strongly. With support solidified at $0.20, our journey towards $0.48 target looks easy. Let’s hope Bitcoin’s bullish momentum continues. It has previously made an 80% gain.
Pepe Price Signals 50% Gain Amid Wedge Formation Pepe recently saw a 3.3% gain amid a market rally, with technical indicators pointing to a 50% increase. However, the wedge pattern on the chart suggests that a breakdown could lead to a drop to $0.00000483. Key Insights: Open Interest Spike: Pepe’s open interest has increased by 47.2% over the past week, rising from $62.5 million to $93.4 million. This shows growing investor participation and anticipation of significant price movements. Wedge Pattern Momentum: The coin is trading within a wedge pattern, signaling a key decision point. A breakout above the resistance level could trigger a 50% rally, while a breakout below the support level could lead to a sharp decline. Technical Analysis: If Pepe breaks below the lower trendline of the wedge, the price could drop 14-17% to $0.00000483. Conversely, holding above this level could trigger a rally to $0.00000978, indicating a reversal of the current downtrend. Outlook: Pepe coin is at a critical juncture. Despite trading below key EMAs, indicating bearish pressure, a breakout of the wedge pattern could lead to a significant rally. Traders should keep an eye on support and resistance levels for potential opportunities. Follow for updates, analysis, trends, and price predictions. Vote to support me for the Binance Creator Award. Like, share, and comment your opinions. Thank
25K $BANANA ~ $1.11M was sent from Galaxy Digital address to Binance Deposit 2 hours ago 😊 More specifically, the 0x0485 address belonging to Galaxy Digital received 75K $BANANA ~ $3.49M from Banana Project 6 hours ago and some of it has now been sent to #Binance as mentioned above. 😊 Looking back, every time Banana Project sent their tokens to #Binance, either directly or through an intermediary wallet, $BA $BANANA ds would increase afterwards. What do you think about this case? 🤔 @BananaGun
Market $XRP is showing a slight decline, down 0.51% over the past 24 hours to $0.5649. Historically, XRP has a nearly even split between bullish and bearish days, with 48.41% of days closing above their opening. However, the real story here is the massive gap between the current price and its all-time high of $3.32, set in January 2018. We're talking about a staggering 82.98% drop from that peak.
I see a potential buying opportunity, but I need to see some serious momentum before I consider a long position. For now, I'm watching and waiting for a breakout above resistance to signal a trend reversal. The XRP market has been range-bound for too long - it's time to act.
URGENT UPDATE ON $SAGA $BOME $XRP 1️⃣ SAGA (Saga Token): SAGA is experiencing a moderate increase of 2.21% to $1.6055. To maintain this trend, SAGA must break above $1.65 and close above $1.70. Failure to do so may result in further consolidation. (please vote for me, go to my profile and vote 🙏) 2️⃣ BOME (Bome Token): BOME is surging with a significant increase of 6.88% to $0.007456. To maintain this momentum, BOME must maintain its upward trajectory and close above $0.0080. A break of this resistance could lead to gains.
3️⃣Cryptocurrency(XRP Token): XRP is facing bearish pressure with a slight drop of 0.28% to $0.5701. To reverse this trend, XRP needs to break above $0.58 and close above $0.60. Failure to do so could result in a deeper downtrend.
Key levels to watch:
-EVENT: $1.65 (support), $1.70 (resistance) -BOMB: $0.0080 (resistance) -Cryptocurrency: $0.58 (support), $0.60 (resistance) 😍If you like our work, go to our personal page and vote for us daily to win this creator award. Your generous votes empower us to work harder, providing you with the best investment advice. They fuel our mission of providing high-quality content, helping you make informed decisions.