đš Bitcoin Update: Technical Analysis on 8-Hour Timeframe đš
đ Recent Price Action Bitcoin reached $102,712 on January 7, 2025, but the price dropped significantly below $98K. This is where support and resistance levels come into play, and the developing price pattern could provide clues as to where the next direction lies.
đ Further Correction Potential (5-15%) Analysis suggests a deeper decline is likely, possibly towards $90K or lower. Use Fibonacci retracements to identify the next support area that could be a turning point!
đ Overall Bullish Trend Despite the decline, the long-term trend remains bullish! Check the Moving Averages (MA) and EMA to see if the bullish momentum is still valid or has started to weaken.
The price is currently below the MA(5) and MA(10), indicating short-term bearish momentum. However, the price is still above the EMA(200), which could act as long-term support.
đ§ Shift to âHodlingâMore Bitcoin is being moved off exchanges, indicating that investors are choosing to hold rather than sell. This could reduce the selling pressure in the market, so it is important to monitor Trading Volume and On-Balance Volume (OBV) to understand the market dynamics.
đ Support and Resistance LevelsBitcoin is testing support at $95K and is likely to move down towards $90K.
Watch the support and resistance patterns closely, as these could be the basis for further price movement.
Support and Resistance Levels:
Support: Around 91,530.45 (seen from the previous candle) and EMA(200) at 91,919.29.
Resistance: Around 98,784.22 (the last high) and MA(5) at 93,126.24
Trendlines and candlestick patterns can be the right tools!
đŹ Market Sentiment and $95K LevelThe market is optimistic despite the correction. If the price stays above $95K, it shows that the market is still healthy. Use RSI or Stochastic Oscillator to check whether the market is overbought or oversold.
Volume: To measure the strength of the buy/sell trend.
đ Chart Pattern Analysis:
Paused Uptrend: XRP/USDT was in a fairly strong uptrend, but now there is a sharp decline that could be a sign of a correction or trend reversal.
Bearish Engulfing: The last candlestick pattern shows a bearish engulfing, which usually indicates a potential for further price declines.
đ Next Candlestick Prediction:
With a bearish engulfing pattern, it is likely that the price will continue the bearish trend, perhaps a bearish continuation pattern such as a bearish harami or bearish marubozu will form.
đ§ Support and Resistance:
Support:
2.2500 (near EMA(200), below current price)
2.1580 (historical support and psychological level)
Resistance:
2.3664 (current price)
2.5090 (near EMA(100), above current price)
đĄ Scalping Strategy with $100 Capital:
Sell Target:
With $100 capital, you can start scalping with the first target around 2.3000 (slightly below the current price). If the price breaks the first support, the second target could be around 2.2500.
At a price of 2.3000, for example, you can buy 43.47 XRP (100 Ă· 2.3000). If the price drops to 2.2500, you can sell again for a profit of around $2.17 (43.47 XRP Ă (2.3000 - 2.2500)).
Stop Loss:
To protect your capital, place a stop loss slightly above the first resistance, for example at 2.3700. If the price rises to 2.3700, you will be stopped out, preventing further losses. In this case, the stop loss will limit your losses to around $3.21 (43.47 XRP Ă (2.3700 - 2.3000)).
Sharp Downtrend: FET/USDT price is very bearish, with long red candles indicating a significant decline.
Head and Shoulders Potential: There is a possibility that a Head and Shoulders pattern is starting to form, which is very often a sign of a trend reversal from bullish to bearish. Be careful!
đ Next Candlestick Prediction:
Bears Dominate: If the sale is still strong, the next candlestick will most likely be red again. However, if there is a reversal, we can see the Doji or Hammer pattern which could be a sign of a reversal.
đ§ Support and Resistance:
Support:
1.317 (24-hour low)
1.336 (current price)
Resistance:
1.424 (horizontal level)
1.548 (horizontal level)
đĄ Scalping Strategy:
Buy Target:
Wait for the price to touch the support at 1.317 and see if there are any signs of a reversal (such as a bullish candlestick pattern like Hammer). The first target is at the resistance of 1.336, or higher to 1.424.
Sell ââTarget:
If the price rises to resistance 1.424 or 1.548 and there is a rejection (eg Shooting Star pattern), it could be the right time to sell, with a sell target to support 1.336 or 1.317.
â ïž Warning: Trading is full of risks! Always make sure to use proper risk management and consider stop-loss to protect your position from unwanted losses.
Hopefully this analysis helps you in taking advantage of opportunities in the market!
#CryptoMarketDip đą Crypto Market Dip Again, Panic or Opportunity?
The crypto market is in the red again. But, stop scrolling and think about this first: Is this the right time to act or just wait?
đĄ What do you need to do now? 1ïžâŁ Evaluate your assets: Are the fundamentals still solid? If so, hold on. If not, it's time to clean up. 2ïžâŁ Take advantage of opportunities: Remember the principle of "Buy when others are afraid." DCA can be a safe strategy. 3ïžâŁ Prepare yourself mentally: Dip cycles are common in crypto. Yesterday's bear market? Ended with a big bull run.
đš BlackRock Wants to "Hardfork" Bitcoin? Really? đ€Ż
Recently, there has been news that BlackRock's S1 filing for a Bitcoin ETF could allow them to claim which version of Bitcoin is considered the original. đ§ If it really happens, what will happen to the Bitcoin network as we know it today? đł
FYI, hardforks are technically very easy. Anyone can take the Bitcoin code, change it to their liking, and boomâa new fork is born! But, the problem is not only that. Without community support, nodes, and user adoption, the new version is just software that no one uses. đ ââïž
So, the question is: Are we comfortable with a big player like BlackRock having this much influence? đ€
đ„ Crypto Update: Double Bottom Patterns Are Rampant! đč
Today's crypto charts are very uniform, from BTC, altcoins, to memecoins, almost all of them have one thing in common: DOUBLE BOTTOM! This classic pattern often signals a trend reversal to the upside. So, what's next? Let's discuss!
đ What's Happening? 1ïžâŁ $BTC : Trying to rise from strong support, with a neckline. If it breaks through, get ready for a big rally! 2ïžâŁ Altcoins (ETH, BNB, $SOL ): The pattern is similar, holding at the support level and starting to approach resistance. Some have shown increasing volume. 3ïžâŁ Memecoins (DOGE, SHIBA, $PEPE ): Although volatile, memecoins are also following the double bottom. Nearby resistance is being tested, there could be an interesting spike!
đź Next Candlestick Movement Prediction:
â If Breakout (Bullish):
A bullish engulfing candlestick pattern will appear after the neckline is broken, followed by a surge in volume.
This could be a signal for a quick rally to the next resistances!
â If Failed (Bearish):
Watch out for false breakouts, where the price drops back down and forms a bearish engulfing pattern. Crucial support could be retested!
đĄ Conclusion: The market is gathering steam! If the neckline of this double bottom breaks, we could see a big bullish movement across the crypto market. But if it fails, crucial support must hold to prevent further declines.
đ BNB/USDT Daily Analysis: Get Ready for an Exciting Move! đč
đ What's on the Chart? BNB/USDT price is currently bouncing off the low of 691.20, forming a pattern that looks like a double bottom. If the resistance is broken, it could be a sign of a bullish reversal! But remember, there is no full confirmation yet, so stay careful.
Main resistance: 711.96 (EMA100) & 735.44 (24-hour high).
đ What's the Next Candlestick Prediction?
If the price breaks through 711, we can see a bullish candlestick pattern like a hammer or even a bullish engulfing.
But if it fails to stay above 700, get ready to see greater selling pressure!
⥠Scalpers, Here Are Your Targets: 1ïžâŁ Long: Entry at 700-704, target take profit at 711-715. 2ïžâŁ Short: Entry at 715-719, target take profit at 700-704. đŻ Don't forget to set a stop loss around 5-10 points from the entry level.
đĄ Note for You: The trend is still bearish, but bullish momentum is lurking. Use a strategy that suits your trading style. Additional confirmation such as RSI or MACD can help make decisions more firmly.
đą Let's share this insight with your fellow traders and discuss your targets!
đ 1MBabyDoge/USDT: Any Opportunity or Continued Bearish? đ
Hello friends, are you monitoring the market?
Let's discuss 1MBabyDoge/USDT together!
đ„ Quick Update: Current price is at $0.0029807, down -11.25% in the last 24 hours. Estimated strong support level at $0.0029324, and the nearest resistance at $0.0031311.
đđ What's Seen? The chart shows potential for consolidation after a downtrend. If the support level holds, there could be a rebound! But, if the support is broken? Be careful, the bearish trend could deepen.
đ±đĄ Scalpers Strategy: Check the bounce at support for small targets at $0.0030700-$0.0031311.
Short Traders: Wait for a breakdown below $0.0029000 to enter.
â ïž Remember: Don't forget to use a stop loss! The market is full of surprises, so always trade smart.
đđ Let's Discuss! Will 1MBabyDoge be bullish or continue to be bearish?
đ PEPE/USDT Analysis Today: Breakout or Breakdown? đ
Are you holding PEPE or just monitoring it? Let's dissect it!
đ Key Levels
Strong support: 0.00002041 (lower limit, don't let it break through!)
Strong resistance: 0.00002139 (can it break out?)
đŠ Trend Indication
The price is still below all EMAs (8, 20, 50, 200), meaning the bearish trend is still dominating. But remember, consolidation is also a sign that the price is getting ready for a big move.
đź Next Prediction
Bullish case: If it breaks through 0.00002139, PEPE can chase the target of 0.00002176 or even 0.00002200.
Bearish case: If support 0.00002041 breaks, the next stop is at 0.00002020 or 0.00002000.
đĄ Tips for Holders Be patient and don't rush to FOMO. Wait for a clear candlestick pattern, whether it's a breakout or rejection. Momentum will be key!
đ Keep an eye on it! PEPE is like a meme that can explode at any time or even "relax but torture" if it doesn't break out. What's your strategy today?
Today, the $1MBABYDOGE chart is making investors nervous! đ Breakout from the consolidation zone, with a +3.38% increase in the last 24 hours. The bullish momentum is starting to feel strong, especially since trading volume continues to increase. But, the question is: Do you want to continue rising or retrace first? đ€
đ Quick Analysis:
âĄïž Strong support: 0.003405 â this is a foothold if the price falls. âĄïž Critical resistance: 0.003600 â if it breaks through, the next target is at 0.003750. âĄïž Candlestick: The bullish pattern is still dominant, but beware of a retracement to support if buyers lose their steam.
đ Indicators say: EMA (8) gives a bullish signal đŠ, and the price is still comfortably above its line. If this trend continues, we could see the potential for higher upside.
But don't forget, the crypto market is volatile!
đĄ What's Your Strategy?
Hodler: Relax, enjoy the ride to the moon đ.
Trader: Watch for a breakout at 0.003600 for a buy entry.
Comment below, are you bullish or bearish?
đ Don't forget to DYOR before making a decision, okay!
Have you ever heard of the term hash rate in the crypto world? If not, it's time to upgrade your crypto knowledge!
Hash rate is the computing power used to process transactions and secure the Bitcoin network. Well, if suddenly there is a surge or spike in the hash rate, what happens? đ€
đ 3 Things You Must Know: 1ïžâŁ Stronger Security: With a high hash rate, the Bitcoin network is more difficult to attack, including 51% attacks. So, your assets are safer! 2ïžâŁ Tight Competition: Miners are increasing in number or are getting more sophisticated. But... this can make mining more difficult and competitive. 3ïžâŁ Signal of Optimism: This spike is often a bullish indicator. Many people believe that the future of Bitcoin is bright! đ
This increase in the hash rate can also be a sign that mining technology is getting more advanced, or that miners are finding cheaper energy sources for their operations. đĄ
So, what do you think about this spike in hash rate? Is this the bullish sign weâve been waiting for, or is it just another challenge? đ§
Tips for Taking Profits During a Bull Market: Don't Miss Out on Profits!
Bull market is indeed exciting, many are happy with the price spike. However, do not let this euphoria make us forget to take the profits that have been obtained. How do we stay smart and safe when the market is going crazy? Let's check out the following tips!
#1 Use Moonbags Strategy đ
Moonbags strategy is a surefire way to stay safe in a bull market. How? After the asset price increases 100%, sell half (50%) of what we have. This will ensure that our capital remains safe, and we can let the rest of our assets run for further potential gains. So, stay calm and make sure there is a profit locked in! đ
đ FET/USDT: Inverse Head and Shoulders Pattern Ready to Bring Uptrend! đ
Get ready! FET/USDT shows major breakout potential! đŻ
đ Technical Analysis:
Inverse Head and Shoulders pattern formed with price now above the neckline. This is a big signal for a potential trend reversal from bearish to bullish! đ„
Bullish Candlestick Prediction: With the breakout of this pattern, we can see a bullish candlestick pattern that supports the continuation of the uptrend! đ
đ Support & Resistance:
Support: At $1,347 and $1,124âwatch these areas if price starts to fall.
Resistance: At $1,626 and $1,605âkey levels for further breakouts.
đ The MA indicators are already showing bullish signals, with price above all moving averages! This adds to our confidence that the uptrend is still ongoing. đ
đŻ Price Target:
If the breakout is successful, we can see the first target at $1,886! đ„
If it fails to break the resistance, the support at $1,347 will be the next important level.
What will happen? Is FET ready to fly towards $1,886? Or will it correct back to the support? đ€
Crypto lovers, it's time to check out the HIVE analysis update! đ
đ The Bullish Flag pattern appears after a significant price spike. This pattern indicates a potential continuation of the uptrend after consolidation. This could be a great opportunity to take off! đ„
đ Support & Resistance:
Support: At $0.4408 and $0.3347âcrucial levels to watch if the price falls.
Resistance: At $0.6849 and $0.5716âthese are levels that could hold the price for a while.
đ The MA indicators show short-term and long-term bullish momentum. The price is currently above the MA(5), MA(10), MA(20), MA(50), MA(100), and MA(200)! đ This is a positive signal for a potential further increase!
đŻ Price Targets:
If a breakout occurs, the first target could be $0.75! đ
If it fails, we could see price test support at $0.4408 or lower.
đ What to do? Watch the $0.6849 level as a major resistance! If price manages to break through it, a breakout could send HIVE higher!
Is HIVE ready to take off or will it get stuck at resistance? đ€ Leave your thoughts in the comments!
Crypto friends, are you ready for a major breakout in BTC? đ„
đ Todayâs Technical Analysis: 1ïžâŁ Ascending Triangle pattern is clearly visible! Price is currently hovering between $96,862.19 â $99,333.00. This pattern often points to a potential breakout to the upsideâwe can see price continue to soar! đ
2ïžâŁ Support & Resistance:
Support at $94,001.26 and $91,140.32.
Resistance at $99,333.00 (key breakout level) and $98,864.68.
đ The moving averages are showing bullish momentum, with price above all moving averages! This adds to our confidence that BTC could skyrocket even higher. đ„
đŻ Price Targets:
If it breaks above, the first target could be around $101,000! đ
If it breaks down, the first support at $94,001.26 is a crucial level.
So, will BTC break through resistance and head towards $101,000? Or will it return to support? đ€ Who's ready to take action? đĄ
đ Solana Beats Starbucks & Recruit in Market Cap Rankings!
đ„ Breaking News: According to Infinite Market Cap, Solana (SOL) is now ranked 181st in the global market cap rankings. Yes, SOL just surpassed giants like Starbucks and Recruit. A huge achievement for a crypto asset!
đĄ Why does this matter?
Real Adoption: Solana is solidifying thanks to its high transaction speeds and low fees. The DeFi, NFT, and Web3 application ecosystems on Solana continue to grow rapidly.
Positive Momentum: This increase reflects market confidence, especially after Solana successfully bounced back from major challenges (remember FTX?).
Crypto Competition: With its market cap continuing to rise, Solana is increasingly solidifying its position as one of the âEthereum Killers.â
âïž Professional Analysis:
Strong Fundamentals: Solana Labsâ consistent development, from improving scalability to its increasingly rich ecosystem, is a big draw for investors.
Volatility Risk: However, cryptos like SOL still face high volatility and are dependent on global market sentiment.
Long-Term Potential: With its relevant utility in the Web3 sector, Solana has a great chance of becoming a leader in the digital economy.
đ Question for you guys: Can Solana continue to rise up this list? Or is this just a temporary hype? Share your thoughts in the comments!
đą "MicroStrategy Strategy for Countries? The Future of Bonds & Bitcoin!"
đ What if countries started buying Bitcoin with government bonds? Imagine this: The government issues 5-10 year bonds, the proceeds are used to buy Bitcoin or Ethereum, and repay the debt according to the bond schedule. Sounds crazy? But this could be a reality according to Nick Tomaino, founder of 1confirmation!
đ Why is this interesting?
The government bond market is much bigger than the stock market. If crypto enters here, the game changes completely.
Bitcoin may be the first step, but Ethereum (with its smart contract utility) cannot be ignored.
It's a matter of competition: Which will countries choose? BTC, ETH, or something else?
đĄ But remember, there are risks!
Crypto price volatility is still a big homework.
Regulation is definitely needed so that this strategy doesn't create chaos.
đ Question: If your country follows this strategy, which crypto do you think is suitable to adopt? Bitcoin for store of value, or Ethereum for utility? Drop your thoughts in the comments!
đđ $SUI It's Hot! Bullish, who wants to fight?
đŹ "How can I not smile broadly, seeing SUI flying like a rocket like this! But... are you ready if it suddenly brakes đš?"
đ„ Today's Must-Watch Levels: âĄïž Resistance: $5.30 (if it breaks through, next stop is $5.50!) âĄïž Support: $5.12 (don't let it collapse, be careful of slipping!)
âš The EMAs also say: the trend is still very bullish. But remember, every uptrend will definitely have a pit stop to catch your breath. đ
đ Question for You: Do you want to wait for a breakout or are you ready to take profit?
"If you make a wrong move, don't blame the EMA, blame FOMO!" đ€Ł
âŹïž Comment below, do you want to buy, sell, or stay cool for now? đ§
đ Latest Daily Analysis: Current price: $2.4356 (+1.90%) Major support: $2.3464 Strong resistance: $2.5090
đĄ What's happening with XRP? The price is in a bullish trend, and the last 24-hour volume is quite strong! If it can break through $2.5090, there is a chance to go up to $2.5500 - $2.6000. But be careful, if the support of $2.3464 breaks, it could drop to the $2.3000 area first. đŹ
đŻ Strategy:
Breakout Hunter: Wait for a breakout of $2.5090 with large volume to enter. đ
Dip Buyer: Ready to buy at support around $2.3000 if a correction occurs. đ°
đ What are your steps? HODL, Buy the Dip, or wait for a signal? Let's discuss in the comments column! đŹ