Donsty
@DONSTY
Crypto Technical Analyst, will provide only technical bases charts here for alts coins as well as BTC. All post are not investment advice do your own research.
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Everyone is turning very bullish again on BTC and altcoins. I really don't think it will be that easy; the whales need liquidity and make money before pushing the price higher. From a technical perspective, there is no confirmation of an uptrend, but let's take a look at the details.
First of all, let's take a look at the huge ascending channel. The price respects both trendlines very precisely. On 17. December, Bitcoin hit the top of the channel and got rejected from it. It would definitely make sense if the price now retests the middle of the channel, which is currently at around 85k.
Second, we still have a completely unfilled and untested FVG (Fair Value GAP) on the daily chart. This GAP is between 85k and 77k. This price action should be tested.
Third, we have a pretty significant head-and-shoulders reversal pattern at the top of the trend. This pattern looks pretty solid, there is a lot of liquidity below it. All stop losses from traders and liquidations on the futures market. If you see multiple swing lows next to each other, you may be pretty sure that the price will go here and sweep the liquidity.
Fourth, from the Elliott Wave perspective, we have finished wave (3) of an impulse wave larger degree. We should make an ABC correction, so I think we are in wave (4). After we finish this correction, we start wave (5). This will bring the price of Bitcoin to an all-time high. I expect Bitcoin to hit around 125k.
Fifth, let's take a look at the RSI indicator. On the daily chart, there is clearly a downtrend. The line makes lower lows and lower highs. Also, we can see a bearish divergence. This is not an uptrend, but a downtrend.
#BTC☀️
First of all, let's take a look at the huge ascending channel. The price respects both trendlines very precisely. On 17. December, Bitcoin hit the top of the channel and got rejected from it. It would definitely make sense if the price now retests the middle of the channel, which is currently at around 85k.
Second, we still have a completely unfilled and untested FVG (Fair Value GAP) on the daily chart. This GAP is between 85k and 77k. This price action should be tested.
Third, we have a pretty significant head-and-shoulders reversal pattern at the top of the trend. This pattern looks pretty solid, there is a lot of liquidity below it. All stop losses from traders and liquidations on the futures market. If you see multiple swing lows next to each other, you may be pretty sure that the price will go here and sweep the liquidity.
Fourth, from the Elliott Wave perspective, we have finished wave (3) of an impulse wave larger degree. We should make an ABC correction, so I think we are in wave (4). After we finish this correction, we start wave (5). This will bring the price of Bitcoin to an all-time high. I expect Bitcoin to hit around 125k.
Fifth, let's take a look at the RSI indicator. On the daily chart, there is clearly a downtrend. The line makes lower lows and lower highs. Also, we can see a bearish divergence. This is not an uptrend, but a downtrend.
#BTC☀️
#BTCUSDT Bitcoin seems to be forming a bullish continuation pattern and is approaching its support trendline. If the price is supported, we can expect price growth.
keep on holding, you just have to set a new pending buy pending limit closed to your liquidity price
$SOL this is my sol position. Please advise experts what I do . Hold or sold
BREAKING: According to sources close to the Trump transition team, President Trump is considering building a strategic national reserve of American cryptocurrencies such as $XRP and $HBAR next to Bitcoin
President Trump reportedly believes that these are „American Commodities“ that must be supported by the U.S. government in order to make the United States the world‘s „crypto capital“
This comes after news that Hedera and Ripple will be involved in digitising the U.S. government‘s infrastructure for elections and banking.
A few days ago, the President‘s son Eric Trump confirmed that his father is planning to remove taxes on American crypto.
Trump wants the U.S. to dominate the cryptocurrency industry and essentially create an S&P500-style 10 year bull cycle.
President Trump reportedly believes that these are „American Commodities“ that must be supported by the U.S. government in order to make the United States the world‘s „crypto capital“
This comes after news that Hedera and Ripple will be involved in digitising the U.S. government‘s infrastructure for elections and banking.
A few days ago, the President‘s son Eric Trump confirmed that his father is planning to remove taxes on American crypto.
Trump wants the U.S. to dominate the cryptocurrency industry and essentially create an S&P500-style 10 year bull cycle.
add more funds
what should I do pls?🙏
Bitcoin faced rejection at the $64,000 resistance and has dropped back to the key support level at $62,000. This zone will be crucial for determining the next move. A bounce from here could trigger another attempt to break $64,000, but if $62,000 support fails, we could see further downside.
#BTC☀
#BTC☀
#BTC☀
Bitcoin is currently facing rejection from the Ichimoku Cloud, which is acting as a strong resistance, indicating bearish pressure. A potential downward movement is likely.
If the price breaks below the demand zone, we could see a further correction in the market. However, a solid bounce from the demand zone is still possible after the correction
Bitcoin is currently facing rejection from the Ichimoku Cloud, which is acting as a strong resistance, indicating bearish pressure. A potential downward movement is likely.
If the price breaks below the demand zone, we could see a further correction in the market. However, a solid bounce from the demand zone is still possible after the correction
#BTC☀ USDT ANALYSIS
Bitcoin is currently consolidating within a descending broadening wedge pattern, trading near the midpoint of the formation.
The Ichimoku Cloud is providing resistance above the current price level, while the 21-day moving average is offering support below.
A breakout or breakdown from this range will be needed to confirm the next significant move for BTC.
Bitcoin is currently consolidating within a descending broadening wedge pattern, trading near the midpoint of the formation.
The Ichimoku Cloud is providing resistance above the current price level, while the 21-day moving average is offering support below.
A breakout or breakdown from this range will be needed to confirm the next significant move for BTC.
#EOSUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal. It's the combination of increasing trading volume and improving macro market sentiment.
If #EOS gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.4000 . This level has consistently provided strong support and is rich with liquidity.
If #EOS gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.4000 . This level has consistently provided strong support and is rich with liquidity.
Donald Trump’s Positive Impact on the Cryptocurrency Market
According to Wall Street brokerage firm Bernstein, a Donald Trump victory in the U.S. election could have a positive impact on the cryptocurrency market. Notably, it is observed that Bitcoin has weakened relative to polls and Polymarket odds, which favor Harris. However, Trump’s proactive approach to cryptocurrency policies offers a glimmer of hope for the market.
There is an expectation that a Donald Trump win in November could positively affect the cryptocurrency market. Bernstein, one of Wall Street’s leading brokerage firms, highlighted this situation in a report. The report suggests that if market sentiment shifts in favor of Trump, cryptocurrencies could see an uptick in value. Conversely, a victory by Kamala Harris might have the opposite effect, potentially causing a market downturn.
According to Bernstein’s analysis, the shift in odds and poll results favoring Harris on prediction platforms like Polymarket has led to Bitcoin’s weakness. However, this scenario is considered to be part of an uncertain phase as the market still awaits a clear election signal. Bitcoin is expected to continue trading within a narrow range until the election results become clear.
Trump’s statements are highly optimistic:
However, some Trump supporters are calling the Polymarket odds, which favor Harris, a “honeymoon period,” suggesting that these odds could be manipulated. Polymarket is known as a prediction market that allows individuals to bet on the outcomes of future events.
The impact of the U.S. election on the cryptocurrency market is being closely monitored by investors and market participants. Whether Trump’s crypto-friendly policies will lead to a victory will become clear in the coming months, and this will be a crucial factor determining the future direction of the market.
According to Wall Street brokerage firm Bernstein, a Donald Trump victory in the U.S. election could have a positive impact on the cryptocurrency market. Notably, it is observed that Bitcoin has weakened relative to polls and Polymarket odds, which favor Harris. However, Trump’s proactive approach to cryptocurrency policies offers a glimmer of hope for the market.
There is an expectation that a Donald Trump win in November could positively affect the cryptocurrency market. Bernstein, one of Wall Street’s leading brokerage firms, highlighted this situation in a report. The report suggests that if market sentiment shifts in favor of Trump, cryptocurrencies could see an uptick in value. Conversely, a victory by Kamala Harris might have the opposite effect, potentially causing a market downturn.
According to Bernstein’s analysis, the shift in odds and poll results favoring Harris on prediction platforms like Polymarket has led to Bitcoin’s weakness. However, this scenario is considered to be part of an uncertain phase as the market still awaits a clear election signal. Bitcoin is expected to continue trading within a narrow range until the election results become clear.
Trump’s statements are highly optimistic:
However, some Trump supporters are calling the Polymarket odds, which favor Harris, a “honeymoon period,” suggesting that these odds could be manipulated. Polymarket is known as a prediction market that allows individuals to bet on the outcomes of future events.
The impact of the U.S. election on the cryptocurrency market is being closely monitored by investors and market participants. Whether Trump’s crypto-friendly policies will lead to a victory will become clear in the coming months, and this will be a crucial factor determining the future direction of the market.
#IRIS/USDT ANALYSIS
IRIS is currently rebounding from the horizontal demand zone within a descending triangle pattern.
The Ichimoku Cloud is providing resistance above the triangle. We should wait for a clear breakout or breakdown to confirm IRIS's next move.
IRIS is currently rebounding from the horizontal demand zone within a descending triangle pattern.
The Ichimoku Cloud is providing resistance above the triangle. We should wait for a clear breakout or breakdown to confirm IRIS's next move.
#HOOK is still moving in a wedge pattern and respects the marked lines well.
According to the previous scenario, the price started to decrease after reaching the resistance of the wedge pattern and reached $0.3500.
After reaching the dynamic support area, the price recovered well and has grown more than 40% so far.
If the strength of the bullish candles is maintained in this way, this time the price will leave the wedge pattern.
According to the previous scenario, the price started to decrease after reaching the resistance of the wedge pattern and reached $0.3500.
After reaching the dynamic support area, the price recovered well and has grown more than 40% so far.
If the strength of the bullish candles is maintained in this way, this time the price will leave the wedge pattern.
After breaking the dynamic resistance and more than 50% growth, #ZENUSDT tested the dynamic resistance again.
During the recent decline, #ZEN approached the specified support level, but could not cross it.
Considering the good pullback that the price had to the downward resistance and the reduction of market fluctuations, we can expect the price to grow again. #ZEN.智能策略库 #$ZEN #ZENT
During the recent decline, #ZEN approached the specified support level, but could not cross it.
Considering the good pullback that the price had to the downward resistance and the reduction of market fluctuations, we can expect the price to grow again. #ZEN.智能策略库 #$ZEN #ZENT