Escanor trader
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The RSI shows overselling below 30 at 29, it may just be a small correction.
Follow me if my analysis helps you make decisions.$BTC
Follow me if my analysis helps you make decisions.$BTC
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$BTC
Low conditions are repeated and then return to the upside.
If my analyzes are useful to you, leave a like and follow me
Low conditions are repeated and then return to the upside.
If my analyzes are useful to you, leave a like and follow me
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$BTC high volume in BTC purchases, my analysis gives me a projection of 3.05% bullish.
Follow me and leave a like and comment on your opinion, if these analyzes help you make decisions.
Follow me and leave a like and comment on your opinion, if these analyzes help you make decisions.
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$ETH
#ETH
The current situation surrounding the approval of an Ethereum ETF (Exchange Traded Fund) is quite dynamic and is subject to the decision of the United States Securities and Exchange Commission (SEC). According to the latest reports:
Key Factors for Approval: Some analysts suggest that there are key factors supporting the approval of the Ethereum ETF, such as the institutional track record of companies like BlackRock and Ethereum's alignment with sustainable principles.
Approval Outlook: The SEC is expected to make a decision on Ethereum ETF applications by May 23. There is cautious optimism in the market, with some experts noting that the approval could follow a similar pattern to Bitcoin ETFs.
Divergent Opinions: While some maintain an optimistic view, others, including analysts at JP Morgan, warn that the probability of rejection is as high as that of approval, especially given recent regulatory actions and investigation into entities linked to Ethereum.
Market Odds: Market predictions show a drop in confidence, with the probability of an Ethereum ETF approval in May decreasing significantly.
It is important to remember that the approval of an Ethereum ETF would be a significant event for the cryptocurrency market as it would provide a new avenue for institutional and retail investment in Ethereum. However, the final decision is in the hands of the SEC and is subject to change based on a variety of regulatory and market factors. Therefore, it is essential to stay on top of official updates to get the latest information.
Follow me if my analysis helps you
#ETH
The current situation surrounding the approval of an Ethereum ETF (Exchange Traded Fund) is quite dynamic and is subject to the decision of the United States Securities and Exchange Commission (SEC). According to the latest reports:
Key Factors for Approval: Some analysts suggest that there are key factors supporting the approval of the Ethereum ETF, such as the institutional track record of companies like BlackRock and Ethereum's alignment with sustainable principles.
Approval Outlook: The SEC is expected to make a decision on Ethereum ETF applications by May 23. There is cautious optimism in the market, with some experts noting that the approval could follow a similar pattern to Bitcoin ETFs.
Divergent Opinions: While some maintain an optimistic view, others, including analysts at JP Morgan, warn that the probability of rejection is as high as that of approval, especially given recent regulatory actions and investigation into entities linked to Ethereum.
Market Odds: Market predictions show a drop in confidence, with the probability of an Ethereum ETF approval in May decreasing significantly.
It is important to remember that the approval of an Ethereum ETF would be a significant event for the cryptocurrency market as it would provide a new avenue for institutional and retail investment in Ethereum. However, the final decision is in the hands of the SEC and is subject to change based on a variety of regulatory and market factors. Therefore, it is essential to stay on top of official updates to get the latest information.
Follow me if my analysis helps you
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As we can see, we are in the course of the correction or a small decline, I marked a support for which, according to the graph and the temporality, I believe that only that is the maximum that it will go down, but although the futurology here is not exact, at least I share my analysis with you. Follow me if my analyzes are useful to you and thus be able to make broader decisions. Share your opinion regarding the analysis.
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Good morning, as we can see, there were two confirmations of a break in the resistance, from what I see there will be a small correction. I don't think it will be below the support, but above it, it is most likely that in about 24 hours the price will begin to rise.$BTC
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#Bitcoin Technical Analysis:
4-hour chart:
BTC price is showing an upward trend in this time frame.
The 50-day moving average is rising, which is positive.
However, the 200-day moving average has been declining since April 17, 2024, suggesting a weak trend1.
1 day chart:
BTC price is between the 4-hour EMAs and the 1-day EMA.
We expect significant movement soon, and this point could be a turning point2.
Fundamental Analysis:
Bitcoin is the most traded cryptocurrency and remains the most famous and accepted throughout the world.
It was the first digital currency and has inspired many other cryptocurrencies.
Bitcoin is decentralized and transparent, meaning transactions cannot be censored.
Although some believe that Bitcoin will boost the global financial system, this remains to be seen3.
In summary, Bitcoin is showing mixed signals on technical charts, but its position as a leader in the cryptocurrency market remains strong. As always, it is important to do your research before investing. Good luck! 🚀
4-hour chart:
BTC price is showing an upward trend in this time frame.
The 50-day moving average is rising, which is positive.
However, the 200-day moving average has been declining since April 17, 2024, suggesting a weak trend1.
1 day chart:
BTC price is between the 4-hour EMAs and the 1-day EMA.
We expect significant movement soon, and this point could be a turning point2.
Fundamental Analysis:
Bitcoin is the most traded cryptocurrency and remains the most famous and accepted throughout the world.
It was the first digital currency and has inspired many other cryptocurrencies.
Bitcoin is decentralized and transparent, meaning transactions cannot be censored.
Although some believe that Bitcoin will boost the global financial system, this remains to be seen3.
In summary, Bitcoin is showing mixed signals on technical charts, but its position as a leader in the cryptocurrency market remains strong. As always, it is important to do your research before investing. Good luck! 🚀
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$BTC Bitcoin Technical Analysis for the Next 12 Hours
As the cryptocurrency market continues its 24/7 dynamics, staying on top of Bitcoin movements is essential for any investor or enthusiast. Here we present a technical analysis of Bitcoin based on the current timing and the most used tools.
Current Trend: Bitcoin's trend has shown signs of strength in recent hours. Technical indicators suggest a possible continuation of this trend in the short term.
Moving Averages – Moving averages are a key tool in technical analysis and provide important signals about market direction. Currently, the short-term exponential moving averages (EMA) and simple moving averages (SMA) are indicating a bullish trend12.
Oscillators: Oscillators, which help identify momentum and possible reversal points, are showing neutral to bullish signals. The RSI (Relative Strength Index) is at a level that suggests that Bitcoin is neither overbought nor oversold12.
Pivot Points: Pivot points are used to determine potential support and resistance levels. According to the latest data, Bitcoin is currently above its pivot point, which could indicate minor resistance towards upward moves.
Conclusion: In summary, technical analysis suggests that Bitcoin could maintain its uptrend in the next 12 hours. However, it is important to remember that the cryptocurrency market is highly volatile and technical analyzes are just another tool to make informed decisions. It is always recommended to combine technical analysis with other methods and be aware of the latest market news and developments.
As the cryptocurrency market continues its 24/7 dynamics, staying on top of Bitcoin movements is essential for any investor or enthusiast. Here we present a technical analysis of Bitcoin based on the current timing and the most used tools.
Current Trend: Bitcoin's trend has shown signs of strength in recent hours. Technical indicators suggest a possible continuation of this trend in the short term.
Moving Averages – Moving averages are a key tool in technical analysis and provide important signals about market direction. Currently, the short-term exponential moving averages (EMA) and simple moving averages (SMA) are indicating a bullish trend12.
Oscillators: Oscillators, which help identify momentum and possible reversal points, are showing neutral to bullish signals. The RSI (Relative Strength Index) is at a level that suggests that Bitcoin is neither overbought nor oversold12.
Pivot Points: Pivot points are used to determine potential support and resistance levels. According to the latest data, Bitcoin is currently above its pivot point, which could indicate minor resistance towards upward moves.
Conclusion: In summary, technical analysis suggests that Bitcoin could maintain its uptrend in the next 12 hours. However, it is important to remember that the cryptocurrency market is highly volatile and technical analyzes are just another tool to make informed decisions. It is always recommended to combine technical analysis with other methods and be aware of the latest market news and developments.
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#dogeverse
#slotoh
#Bitcoin
#5scape
I provide you with a brief and unbiased technical analysis of 5 of the cryptocurrencies that will benefit in the coming months 😉
Dogeverse (DOGEVERSE): The pre-sale has started strong, with a starting price of $0.000281. If it follows the trend of other meme coins, it could see significant growth.
Slothana (SLOTH): With a current price of $0.0000006085 and a developing market, SLOTH shows growth potential if it manages to capture the attention of the community2.
99Bitcoins (99BTC): Recently launched, its Learn to Earn model and staking could boost its value. Pre-sale is underway with a starting price of $0.0013.
5th Scape (5SCAPE): With a focus on AR and VR, 5SCAPE is currently priced at $0.00009166 and could benefit from the growing popularity of metaverses4.
Sponge V2 ($SPONGE): Currently trading at $0.00007015, and with its focus on win-win games, it could attract an active user base5.
Remember, the market is volatile and it is crucial to conduct your own research and analysis before making investment decisions.
👋 Follow me and leave a like
I hope it is useful to you in making decisions, remember that these are personal analyzes that I share so do not consider this as a suggestion but as a personal view.
#slotoh
#Bitcoin
#5scape
I provide you with a brief and unbiased technical analysis of 5 of the cryptocurrencies that will benefit in the coming months 😉
Dogeverse (DOGEVERSE): The pre-sale has started strong, with a starting price of $0.000281. If it follows the trend of other meme coins, it could see significant growth.
Slothana (SLOTH): With a current price of $0.0000006085 and a developing market, SLOTH shows growth potential if it manages to capture the attention of the community2.
99Bitcoins (99BTC): Recently launched, its Learn to Earn model and staking could boost its value. Pre-sale is underway with a starting price of $0.0013.
5th Scape (5SCAPE): With a focus on AR and VR, 5SCAPE is currently priced at $0.00009166 and could benefit from the growing popularity of metaverses4.
Sponge V2 ($SPONGE): Currently trading at $0.00007015, and with its focus on win-win games, it could attract an active user base5.
Remember, the market is volatile and it is crucial to conduct your own research and analysis before making investment decisions.
👋 Follow me and leave a like
I hope it is useful to you in making decisions, remember that these are personal analyzes that I share so do not consider this as a suggestion but as a personal view.
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ThomFTZ63 sent you a Red Envelope. Tap the link to claim it now!
https://s.binance.com/S47re8Ea
https://s.binance.com/S47re8Ea
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$BTC
Bitcoin (BTC) Technical Analysis: The last week has seen significant activity in the Bitcoin market. Technical indicators show a mix of neutral and strong buy signals12. The moving averages, in particular, suggest an uptrend with multiple buy signals. However, it is important to note that oscillators such as the RSI and Stochastic are indicating overbought, which could suggest that a price correction could be on the short-term horizon.
Impact of Halving: Halving is an event that halves the rewards for Bitcoin mining, and usually has a significant impact on the market. Historically, halvings have preceded periods of rising Bitcoin prices, although the effect is not immediate3. In the current context, with Bitcoin surpassing $60,000 before the halving, mining profitability remains high, which could maintain market stability despite the reduction in rewards4.
Conclusion: In summary, the technical analysis shows an upward trend for Bitcoin in the last week, but with overbought signals that warn of possible corrections. The halving could have a positive impact on the price in the long term, although its immediate effect may be limited. As always, it is crucial that investors conduct their own research and consider multiple sources before making investment decisions.
Bitcoin (BTC) Technical Analysis: The last week has seen significant activity in the Bitcoin market. Technical indicators show a mix of neutral and strong buy signals12. The moving averages, in particular, suggest an uptrend with multiple buy signals. However, it is important to note that oscillators such as the RSI and Stochastic are indicating overbought, which could suggest that a price correction could be on the short-term horizon.
Impact of Halving: Halving is an event that halves the rewards for Bitcoin mining, and usually has a significant impact on the market. Historically, halvings have preceded periods of rising Bitcoin prices, although the effect is not immediate3. In the current context, with Bitcoin surpassing $60,000 before the halving, mining profitability remains high, which could maintain market stability despite the reduction in rewards4.
Conclusion: In summary, the technical analysis shows an upward trend for Bitcoin in the last week, but with overbought signals that warn of possible corrections. The halving could have a positive impact on the price in the long term, although its immediate effect may be limited. As always, it is crucial that investors conduct their own research and consider multiple sources before making investment decisions.
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#MyFirstSquarePost Hello Binance Square #Bitcoin
Hello, I compare my analysis, in my opinion I consider it a good time to enter, my favorite way of operating is the swing trade and day trade.
take position at $63246.
I think there will be a small drop, a correction of 0.05% and then it will continue to rise.
I will continue sharing my analyzes if you react and follow me.
I hope you find it useful in your decision making.
Hello, I compare my analysis, in my opinion I consider it a good time to enter, my favorite way of operating is the swing trade and day trade.
take position at $63246.
I think there will be a small drop, a correction of 0.05% and then it will continue to rise.
I will continue sharing my analyzes if you react and follow me.
I hope you find it useful in your decision making.