Analysis of 'flights'. CORRECTION OR REVERSAL? 19.12.2024
CORRECTION OR REVERSAL? Hello everyone, colleagues! So, what do we have in the middle of the trading week: Since the last review, Bitcoin managed to rewrite its maximum again and on the Bitstamp exchange reached a mark above $108K. Also, yesterday there was a meeting of the Federal Reserve, the decision of which was to lower the rate by another 25 basis points, followed by the traditional conference of J. Powell, during which and after it, there was a sell-off in many markets.
ALTCOIN MARKET OVERVIEW from the CryptoPrime team 19.12.2024: #marketoverview #Web3 #token #ONDOUSDT Volume - 558 million/24h The price is trading below the descending line and is being held after the buyback. At the price of 1.9092, the short density was eaten away by $2 million. As long as the participant has not shown aggressive behavior, but is buying the dip. If they start pushing the price aggressively, I will open a #LONG
As for Bitcoin specifically, a correction has been requested for a long time and the asset has corrected from its high by only 9% and this decline cannot be called unexpected. At the moment, BTC continues to remain in trend and there is still some room for the correction to continue at least to the ascending support in the area of $97-98K and it is impossible to rule out a spike even lower, to the trading limit at $94K. But, in general, I expect a buyback and continued growth from these values.
Analysis of "flights". NEW ATH. BEARS ON VACATION. 16.12.2024
NEW ATH. BEARS ON VACATION. The CryptoPrime team is glad to welcome you, colleagues. Congratulations on crossing the equator of December and the beginning of a busy week. It is busy with economic events rated three stars in importance, and in particular, this Wednesday there will be an important decision on the Fed's interest rate and a press conference by J. Powell. According to forecasts, most analysts expect a rate decrease of 25 basis points. Let's see what Powell has to say about this.
#BTC🔥🔥🔥🔥🔥 We also congratulate you on the new ATH in Bitcoin, which has surpassed the $106K mark. On the Bitstamp exchange, the price reached $106,533. The asset continues to grow in an upward channel, and by the end of December, I think we will see the $110K mark. This growth may be accompanied by a correction to retest the nearest support zone of $101K-$103K, just around the middle of this upward channel. You can go long from this zone, but only with stop losses, or split the position into several parts to have a buffer in case the price drops to the ascending support around $96K-$98K.
Analysis of the 'flights'. PULLBACK BEFORE THE JUMP! 09.12.2024
PULLBACK BEFORE THE JUMP Hello everyone, dear colleagues! This week, the most eventful days for potential high volatility according to the economic calendar are Wednesday and Thursday. Reports on consumer prices, unemployment, and crude oil inventory in the USA will be released. #BTC🔥🔥🔥🔥🔥 Let's look at Bitcoin on the 4H timeframe.
#BTC Looking at Bitcoin on the 4H timeframe. So far, the bullish market sentiment is maintained. However, I think there is a high probability of a pullback before new highs, with a breakout of the ascending local trendline into one of the two support zones. The first nearest zone for a retest is $91K-92K, where the 200DMA 4H and the ROC line are located. The second support zone, in case of a weak response from buyers at the first threshold, is the area of uncovered imbalance on the 1D at $81500-85K. However, the current upward trend and overall market sentiment reduce the likelihood of a deeper correction to the second support zone, so we expect a pullback.
ALTCOIN MARKET OVERVIEW from the team CryptoPrime 04.12.2024: #marketoverview #Web3 #token #ENS USDT Volume - 697 million/24h The coin has consolidated after growth on H1 and formed a strong horizontal level with spikes up to 46.498. The main level is 47.193. If the price is pushed to these values, I plan to take a #LONG position on the breakout
Analysis of the "flights". Altcoins, go! 02.12.2024
Altcoins, go! Greetings, colleagues! This week we expect news with a high probability of volatility in the market. In particular, this includes the speech by the head of the Fed, Powell, on Wednesday evening, and the traditional unemployment report in the NON-Farm sector on the first Friday of December. Be attentive, all news with three stars can sway the market at any moment.
This week we expect news with a high probability of market volatility.
#BTC Buyers do not want to give up local support at $95K for now, and are trying their best to hold it. As I mentioned in last week's briefing, I expect a breakout of this support and a decline below the POC level of $92K, where stop losses for long positions have not yet been removed. I anticipate such a local decrease to at least the beginning of the upward slope around $85K, where the upper boundary of the uncovered imbalance on the 1D chart is located. In any case, such pullbacks are necessary for a more logical and healthy market movement.
ALTCOIN MARKET OVERVIEW from the CryptoPrime team 27.11.2024: #marketoverview #Web3 #token #СOAT USDT Volume - 441mln/24h The coin has formed support on M15 in the price range 0.6941-0.7775, after which it broke out upwards and is forming a horizontal level at 0.8848. I expect a corrective price movement to the support level of 0.7775, before the price goes to break the formed high level. If the price comes to support, I will open a #LONG position with the goal of updating the local maximum.
ALTCOIN MARKET OVERVIEW from the CryptoPrime team 26.11.2024: #marketoverview #Web3 #token #PEOPLEUSDT The coin is trading above the horizontal level H1 and has many approaches to this established low level. If the price continues to squeeze towards 0.05477, I will open a trade in #SHORT #ARKM USDT The price has formed a two-week flat with a low level at 1.9256. Also, the coin has traded $130 million in 24 hours. If the price is squeezed again towards the level, I will open a trade in #SHORT
ALTCOIN MARKET OVERVIEW from the CryptoPrime team 25.11.2024: #marketoverview #Web3 #token #POWRUSDT Volume - 55m 24h The coin on M5 formed a descending triangle with a horizontal level. Currently, the price is being held. If the spread starts pushing up and the price breaks the descending trend, I will open a #LONG position, aiming to cover the height of the triangle.
Analysis of "flights". TRUMP REJUVENATED BITCOIN. 25.11.2024
TRUMP REJUVENATED BITCOIN Greetings, colleagues! This week we expect news with a high probability of market volatility. And the most eventful days are Tuesday and Wednesday, with two consecutive days of the publication of protocols from the Federal Reserve, which often significantly impact players' sentiments.
Greetings, colleagues! This week we expect news with a high probability of market volatility. And the busiest days are Tuesday and Wednesday, with two consecutive days of publications of the minutes from the Fed, which often significantly influence the sentiments of the players.
REALLY HUNDRED? Hello everyone. #BTC On the 1H chart, Bitcoin's movement has transformed into a weekly consolidation and graphically looks quite breakout. At least, sellers are not visible for now. As the next target above, if it breaks through, we can use the resistance of the ascending local channel, which has been forming for a week. And, looking at the current trend, we can see the next stop around $97K-98K, which will also depend on the growth rate. This growth idea will become irrelevant if the price falls below the ascending local support of the triangle, below $90K. In this case, we may see a correction down to at least $85K (the upper boundary of the imbalance on 1D), and even lower to cover it.
#BTC On 1H, the bitcoin movement has grown into a weekly consolidation and graphically looks quite breakout. As the next target at the top, if it breaks through, we can use the resistance of the ascending local channel, which has been forming for a week. And, looking at the current trend, the next stop could be $97K-98K, which will also depend on the speed. This growth idea will become irrelevant if the price falls under the ascending local support of the triangle, below $90K. In this case, we can see a correction to at least $85K (the upper limit of the imbalance on 1D), and then lower to cover it.
ALTCOIN MARKET OVERVIEW from the team CryptoPrime 18.11.2024: #marketoverview #Web3 #token #DYDXUSDT Volume - 76 million/24h On D1, the coin is breaking out of a 118-day range to the upside. I am in a #LONG position. I entered on the breakout of the level. The price is currently in a corrective movement. I expect the growth to continue. #DOGEUSDT Volume - 3 billion/24h On H4, after the rise, it does not fall. It formed a flag pattern and broke through it. I opened a #LONG position for the continuation from the breakout of the diagonal.
BULL'S HOLIDAY Hello, friends! This week, starting from Wednesday, we are again expecting several important news and reports on the economic calendar, including a speech on Thursday by the head of the Federal Reserve, J. Powell, which can cool down or, on the contrary, heat up the market, but in any case, this day can be quite volatile.
Debriefing. "BULLISH HOLIDAY". #BTC #ETH This week, starting on Wednesday, we are again expecting several important news items and reports on the economic calendar, including a speech on Thursday by Fed Chairman J. Powell, which may cool down or, on the contrary, heat up the market, but in any case, this day may be quite volatile.