LIVEvijayoldtrader
@vijayoldtrader
it's a mix of data analysis and technical patterns and few more mysterious ingredients to make your trading rich and classic
Following
Followers
Liked
Shared
$SUI
Just a few days back, I mentioned that SUI was teetering on the edge, poised for a significant drop. Well, here we are, only 4 days later, and the charts are confirming exactly what we anticipated. SUI has taken a sharp dive, proving that the early signals we highlighted were spot on. The bears have stepped in, and the downward pressure is undeniable. Stay alert, as this could just be the beginning of more volatility ahead!
Opinion-
hereâs one more leg waiting for $SUI , aiming to sweep all the liquidity above $2.1 before a decisive drop. Once this liquidity grab completes, we could be looking at a substantial 35-40% correction, dragging prices down sharply. This setup suggests that while a brief surge might occur to collect liquidity from over-leveraged positions, a significant downtrend could follow right after, bringing strong bearish momentum into play.
Just a few days back, I mentioned that SUI was teetering on the edge, poised for a significant drop. Well, here we are, only 4 days later, and the charts are confirming exactly what we anticipated. SUI has taken a sharp dive, proving that the early signals we highlighted were spot on. The bears have stepped in, and the downward pressure is undeniable. Stay alert, as this could just be the beginning of more volatility ahead!
Opinion-
hereâs one more leg waiting for $SUI , aiming to sweep all the liquidity above $2.1 before a decisive drop. Once this liquidity grab completes, we could be looking at a substantial 35-40% correction, dragging prices down sharply. This setup suggests that while a brief surge might occur to collect liquidity from over-leveraged positions, a significant downtrend could follow right after, bringing strong bearish momentum into play.
$BTC
Bitcoin Fails to Breach $65K: Danger Ahead as Prices Hover Around $60K
Bitcoin recently faced a crucial test at the $65,000 resistance level but failed to break through it. This rejection has left the market in a precarious position, with BTC currently hovering around $60,000. The inability to breach $65K signals a loss of bullish momentum, and now, all eyes are on whether BTC can hold its ground above the $60K level.
The Critical Level: $60K
The $60,000 support level is now the key battleground. If Bitcoin fails to maintain this price zone, we could see a deeper correction unfold. A breakdown below $60K could open the door to a significant sell-off, with downside targets around $55,000, and potentially even $50,000.
Whatâs Next?
If BTC holds above $60K, thereâs still hope for consolidation and recovery. However, the rejection at $65K highlights growing selling pressure, suggesting that the bears are gaining strength. The next few days will be crucial in determining whether Bitcoin will stabilize or continue its descent.
Traders should remain cautious, as a further dip below this psychological level could signal the start of a bearish trend. Keep an eye on key support zones, as failure to hold could lead to a larger market correction.
$SUI
SUI has been showing signs of entering the overbought territory recently, with its price rising to $1.74. The rapid upward movement, coupled with the lack of sustained higher highs, suggests that SUI could be primed for a short-term correction. The current price level seems to have been driven more by speculative buying rather than strong fundamentals, pushing the token into an overheated zone.
I expect SUI will attempt to test higher levels one or two more times before a solid opportunity to short arises. (25-20% move)
$SUI
SUI has been showing signs of entering the overbought territory recently, with its price rising to $1.74. The rapid upward movement, coupled with the lack of sustained higher highs, suggests that SUI could be primed for a short-term correction. The current price level seems to have been driven more by speculative buying rather than strong fundamentals, pushing the token into an overheated zone.
I expect SUI will attempt to test higher levels one or two more times before a solid opportunity to short arises. (25-20% move)
$SUI
"Hold the Line or Dive Deeper? Bitcoinâs Next Move Awaits!"
$BTC
"Market Action Discounts EverythingâWhy the Headlines Arenât the Whole Story"
Some might blame the current market dip on rising geopolitical tensions, like the escalating situation between Israel and countries like Iran. But hereâs the truth: everything that affects the market is already reflected in the price. Thatâs why technical analysis is key.
When we talk about an asset being overbought or overheated, it doesnât mean it will immediately crashâit means itâs just one piece of bad news away from a sudden drop. The same applies to oversold conditions; one positive catalyst, and weâre primed for a crazy pump.
Price action discounts everything, and studying it is all we really need. What are your thoughtsâare we one bad headline away from a collapse, or is the next pump just around the corner? Let me know below! đŹ
Bitcoin just rejected at $65K, and weâre seeing prices slowly slipping back into the bearish zone. The big question is: Will it hold above $60K, or are we headed for a major dip to $50K or lower? đ
Letâs talk about the 120-day EMAâthis backtested indicator has been a lifeline for BTC. As long as we stay above it on the daily chart, there's still hope for a bull run. đ Break below, and we might be seeing those scary lows again.
"Market Action Discounts EverythingâWhy the Headlines Arenât the Whole Story"
Some might blame the current market dip on rising geopolitical tensions, like the escalating situation between Israel and countries like Iran. But hereâs the truth: everything that affects the market is already reflected in the price. Thatâs why technical analysis is key.
When we talk about an asset being overbought or overheated, it doesnât mean it will immediately crashâit means itâs just one piece of bad news away from a sudden drop. The same applies to oversold conditions; one positive catalyst, and weâre primed for a crazy pump.
Price action discounts everything, and studying it is all we really need. What are your thoughtsâare we one bad headline away from a collapse, or is the next pump just around the corner? Let me know below! đŹ
Bitcoin just rejected at $65K, and weâre seeing prices slowly slipping back into the bearish zone. The big question is: Will it hold above $60K, or are we headed for a major dip to $50K or lower? đ
Letâs talk about the 120-day EMAâthis backtested indicator has been a lifeline for BTC. As long as we stay above it on the daily chart, there's still hope for a bull run. đ Break below, and we might be seeing those scary lows again.
In recent posts, I discussed the importance of Bitcoinâs price action at the critical $65,000 resistance level. I emphasized that if #BTCâ managed to break and close above this mark by the end of the monthly candle, it would signal a strong bullish momentum, potentially leading us toward new all-time highs. On the other hand, if BTC failed to hold this level and closed below $62,000, it would indicate a shift into a bearish trend.
we could be looking at a continuation of the bearish trend, with the possibility of sweeping fresh lows. In the worst-case scenario, this could mean a revisit to support levels around $50,000 or even $46,000.
There will be no more ranges. Its sweep of either side of liquidity.
$BTC
Bullish Scenario: If #BTC can absorb the selling pressure and close above $66K, it could continue its upward momentum toward $69K-$70K. Breaking this resistance would likely be fueled by broader market optimism or favorable macro events.
Bearish Scenario: If the selling pressure overwhelms the buyers and BTC closes below $60K, we could see a deeper correction, potentially testing the $50K-$55K range.
OPINION:
As long as Bitcoin holds above the 120-day EMA on the daily chart, thereâs optimism for a potential move toward the ATH. However, if Bitcoin were to break below this crucial support line, it could signal a shift toward a bearish trend, bringing with it the risk of further downside.
#BTCUSDT.P #Caution
Bullish Scenario: If #BTC can absorb the selling pressure and close above $66K, it could continue its upward momentum toward $69K-$70K. Breaking this resistance would likely be fueled by broader market optimism or favorable macro events.
Bearish Scenario: If the selling pressure overwhelms the buyers and BTC closes below $60K, we could see a deeper correction, potentially testing the $50K-$55K range.
OPINION:
As long as Bitcoin holds above the 120-day EMA on the daily chart, thereâs optimism for a potential move toward the ATH. However, if Bitcoin were to break below this crucial support line, it could signal a shift toward a bearish trend, bringing with it the risk of further downside.
#BTCUSDT.P #Caution
$BTC
â ïžBE CAREFUL!!!! AT these key level ,one need to take extra caution trading these in perps.
3 days left to form monthly close.
Breaking and Closing Above Last Month's High: We've already crossed the previous month's high, a strong signal that the consolidation phase may be ending. If we close this month above the previous high, Iâd see this as a major breakout. In this case, I believe $BTC could be heading to $90,000 or even beyond $100,000. This kind of bullish movement could be driven by major catalysts like the U.S. election results. Historically, presidential elections tend to inject volatility into the markets, and a favorable result, perhaps with a more crypto-friendly administration, could drive Bitcoin beyond its all-time high (ATH).
Failure to Hold $60,000: On the flip side, if $BTC closes below $60,000, we could be in trouble. While this scenario seems less probable right now, it could spell disaster. In this case, weâd be looking at a steep decline, potentially down to $50,000 or even as low as $46,000. This bearish outcome might coincide with negative election results for the crypto spaceâletâs say, hypothetically, Kamala Harris wins and introduces unfavorable regulations or policies, shaking investor confidence.
â ïžBE CAREFUL!!!! AT these key level ,one need to take extra caution trading these in perps.
3 days left to form monthly close.
Breaking and Closing Above Last Month's High: We've already crossed the previous month's high, a strong signal that the consolidation phase may be ending. If we close this month above the previous high, Iâd see this as a major breakout. In this case, I believe $BTC could be heading to $90,000 or even beyond $100,000. This kind of bullish movement could be driven by major catalysts like the U.S. election results. Historically, presidential elections tend to inject volatility into the markets, and a favorable result, perhaps with a more crypto-friendly administration, could drive Bitcoin beyond its all-time high (ATH).
Failure to Hold $60,000: On the flip side, if $BTC closes below $60,000, we could be in trouble. While this scenario seems less probable right now, it could spell disaster. In this case, weâd be looking at a steep decline, potentially down to $50,000 or even as low as $46,000. This bearish outcome might coincide with negative election results for the crypto spaceâletâs say, hypothetically, Kamala Harris wins and introduces unfavorable regulations or policies, shaking investor confidence.
$SUI
The price of the SUI token has risen over 61% in the last 30 days, currently trading around $1.61. Its market cap stands at $4.3 billion, making it one of the top-performing altcoins this year. These gains reflect growing interest in Sui's DeFi applications and recent partnerships, though it is still down from its all-time high of $2.18 from March 2024.
Opinion: Its going to the overheated region and will cause a lot of liquidation in terms of longing from this level. Shorts will become evident when market will retrace and reverse.
The price of the SUI token has risen over 61% in the last 30 days, currently trading around $1.61. Its market cap stands at $4.3 billion, making it one of the top-performing altcoins this year. These gains reflect growing interest in Sui's DeFi applications and recent partnerships, though it is still down from its all-time high of $2.18 from March 2024.
Opinion: Its going to the overheated region and will cause a lot of liquidation in terms of longing from this level. Shorts will become evident when market will retrace and reverse.
$BTC $ETH
As of today, Bitcoin (BTC) is trading around $64,000, showing steady consolidation over the past few months. This period of consolidation is significant for traders, as BTC has remained within a tight range, unable to break through key resistance levels above $64,000 despite a series of macroeconomic events and institutional activity. Analysts are eyeing a potential bullish breakout if Bitcoin manages to overcome the $65,000 resistance.For Ethereum (ETH), the price has also been relatively stable during the same timeframe. Both cryptocurrencies have been in a consolidation phase, which typically signals a buildup of momentum that could lead to significant price movement in the near future. These periods are often viewed as opportunities for investors to prepare for the next potential surge in volatility.
OPINION: If monthly candle closes above last month high that is 64700, SUPERBULLISH đ, If monthly candle closes below 58k SUPERBEARISH đ». Both ways we are leaving range either to take ATH or sweep below 50k
As of today, Bitcoin (BTC) is trading around $64,000, showing steady consolidation over the past few months. This period of consolidation is significant for traders, as BTC has remained within a tight range, unable to break through key resistance levels above $64,000 despite a series of macroeconomic events and institutional activity. Analysts are eyeing a potential bullish breakout if Bitcoin manages to overcome the $65,000 resistance.For Ethereum (ETH), the price has also been relatively stable during the same timeframe. Both cryptocurrencies have been in a consolidation phase, which typically signals a buildup of momentum that could lead to significant price movement in the near future. These periods are often viewed as opportunities for investors to prepare for the next potential surge in volatility.
OPINION: If monthly candle closes above last month high that is 64700, SUPERBULLISH đ, If monthly candle closes below 58k SUPERBEARISH đ». Both ways we are leaving range either to take ATH or sweep below 50k
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number
Trending Topics
moonbix
28.6M views
22,809 Posts
Binance Moonbix Exclusive: Play & Trade to Share 145,000,000 DOGS & 15,000,000 NOT Rewards!
Binance Announcement
2.4k Likes
164.4k views
BTC60KResistance
788,319 views
707 Posts
USRateCutExpected
300,752 views
266 Posts
