đąđ Bullish Setup Aiming for 76K zone
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âĄïžAsset: Bitcoin (BTC/USD) đ°
âĄïžPattern: Bullish Pennant đ
âĄïžđ Trade Setup:
âEntry Point: After confirmation of breakout above $62,000.
âBuy Back Zone: $60,079 - $61,324đž.
âĄïžđ Technical Indicators:
âRSI (Relative Strength Index):
- Current RSI is neutral, showing potential for upward movement âŹïž.
- A breakout should be confirmed if RSI moves above 70đ„, indicating strong bullish momentum.
- Watch for RSI staying above 50 during the trade.
âMACD (Moving Average Convergence Divergence):
- MACD line crossing above the signal line đ indicates the start of bullish momentum.
- Look for MACD histogram bars expanding above zero, confirming upward strength đȘ.
âĄïžđŻ Targets (TP):
âTP1: $69,487(Immediate setup target) đŻ
âTP2: $76,692 (Final Pole Target) đ
âĄïžđĄïž Stop Loss (SL):
âSL: $55,883 (below recent swing low and buy-back zone) â ïž.
âĄïžđ§ Strategy:
1ïžâŁEntry: Confirm a breakout above $62,000 with a bullish MACD crossover and RSI moving into overbought territory đ„.
2ïžâŁTake partial profits at $69,487 once immediate target is achieved đŒ.
3ïžâŁTrail stop loss for continued safety as targets are hit đĄïž.
âĄïžđ Chart Pattern Explanation:
The bullish pennant pattern suggests an upward continuation, while RSI and MACD confirm the strength of the breakout and potential overbought conditions during the trade đ„.
đđ»Disclaimer: DYOR and NFA
$BTC
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$PEPE 's Price Pump
$PEPE coin is making a move, surging 9% in the last 24 hours to $0.0000079! This bullish momentum is a promising sign, especially considering PEPE's historical tendency to close above its opening price only 48.65% of the time. Although we're still nursing a -52.58% wound from its recent high of $0.0000167, set just 2 months ago, this rebound could be the start of a new uptrend. Keep a close eye on PEPE's next moves, traders - it may be primed for a comeback!
#CryptoMarketMoves #HamsterKombat #BinanceTurns7 #Write2Earn! #shabana $BTC
$SOL 's Surge Continues
Solana's price is on the rise, up 4% in the last 24 hours to $147.16. This momentum is a welcome change, as SOL has historically closed above its opening price only 49.80% of the time. Although we're still far from its all-time high of $252.12, set 2 years and 9 months ago, the current price is attempting to rebound from a -41.63% pullback. This could be a buying opportunity, as the correction may be nearing its end. Keep an eye on SOL's next move, traders - it could be a sign of a fresh uptrend.
#MarketDownturn #CryptoMarketMoves #HamsterKombat #shabana #BinanceTurns7 $BTC
**Crypto Whale Accumulates Wrapped Bitcoin Amid Ownership Controversy**
A mysterious wallet has been on a buying spree, snapping up 347 Wrapped Bitcoin (WBTC) worth $16 million in just 12 hours, according to blockchain analytics firm Lookonchain. This adds to the wallet's growing stash, now totaling 1,953 WBTC valued at $118 million.
This buying frenzy comes amid debates over WBTC's ownership. BitGo recently announced plans to transfer control to a joint venture with BiT Global and Sunâs Tron ecosystem. Meanwhile, MakerDAO has halted new WBTC borrowing, and Aave is considering an alternative wrapped Bitcoin token, TBTC. Coinbase is also hinting at launching its own wrapped Bitcoin, cbBTC, which could boost Bitcoin-native DeFi.
A tragic and harrowing incident recently unfolded in the Philippines, where two Chinese nationals working for a medical company were abducted and brutally murdered. The kidnappers demanded a ransom of 15 million RMB, instructing the victims' families to convert the amount into USDT (a cryptocurrency) and transfer it to a specific account. Despite the family managing to pay 3 million RMB, the captives were tragically killed.
This chilling event underscores the severe risks that travelers can face abroad, particularly in regions where criminal activity is prevalent. The fact that the ransom was demanded in cryptocurrency reveals a new and alarming trend among criminals, exploiting the anonymity and difficulty of tracing digital currencies. This case serves as a stark reminder of the vulnerabilities associated with international travel and the cruel methods employed by kidnappers who now leverage technology to further their heinous acts.
It also highlights the urgent need for stronger security measures for travelers and faster, more effective intervention by authorities in the face of such violent and extortionate acts. As the world becomes increasingly digital, the tactics of criminals evolve, posing new challenges that require immediate and comprehensive responses.
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JUST IN: Third largest public pension fund, NPS, buys $34 million worth of MicroStrategy shares, the largest institutional holder of Bitcoin
JUST IN: đŠđȘ Dubai officially approves Bitcoin & crypto for salary payments.
JUST IN: đźđč Italy's second oldest bank, Banca Sella, to offer Bitcoin trading to over 1.3 million customers.
JUST IN: đșđž Kamala Harris to raise corporate tax rate from 21% to 28% if elected President.
JUST IN: đșđž Kamala Harris is considering Gary Gensler as Treasury Secretary if elected President, according to senate sources.
JUST IN: đșđž Donald Trump says he will give "gigantic tax cuts" to Americans.
$BTC raising
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#BTC Update..
Bitcoin Bullish Trend...
In my previous post, you can see that I said Bitcoin $BTC would surpass $59,900 and attain $63,000 soon. Currently, the price of Bitcoin$BTC is at $60,600, and many buyers intend to invest. Right now is a fantastic opportunity to buy because of the steady rising trend. Investor enthusiasm for the bullish trend is high. Don't delay, since Bitcoin$BTC is growing more powerful! Purchase today to capitalize on the trend..
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#BTCâ #Bitcoin #Bullish
Avalanche Crypto: Key Resistance Levels to Watch as AVAX Nears Breakout
The #Avalanche crypto has exhibited a gradual upward momentum on the 4-hour chart, with prices currently hovering around the $21.84 mark. This steady rise has brought the pair closer to critical resistance levels, suggesting that the Avalanche crypto price could be poised for a breakout if bullish momentum continues to build.
The immediate resistance level for the Avalanche crypto lies at $22.07, a key psychological barrier that, if breached, could open the door for further gains towards the next significant resistance at $22.73. Beyond this, the $25.71 level remains a longer-term target, likely to be tested if the current bullish trend gains traction.
On the downside, the $21.37 level is emerging as a pivotal support. This level could act as a buffer against short-term selling pressure, keeping the bullish structure intact. A break below this support could lead to the Avalanche crypto testing the $20.85 support, which would likely be the last line of defense before a more significant decline.
Analyzing the technical indicators, the 9 EMA is steadily rising above the 20 EMA, signaling the potential for continued upward movement. The MACD histogram has consistently printed positive values, which indicates strengthening bullish momentum. The MACD line is also well above the signal line, further confirming the bullish outlook.
However, the Relative Strength Index (RSI) is near the overbought territory, suggesting that while momentum is strong, there could be a period of consolidation or slight pullback before any further advance. This mixed signal warrants caution for traders looking to enter new long positions at this stage. $AVAX #AVAX #altcoins The full analysis and trade strategy were posted on www.ecoinimist.com.
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$BOME /USDT
**Understanding Support and Resistance in Trading**
Support and resistance are fundamental concepts in technical analysis, crucial for traders to identify potential entry and exit points in the market.
**Support** refers to a price level where a downtrend can be expected to pause due to a concentration of buying interest. As the price declines towards this level, demand increases, creating a âfloorâ that prevents further decline. Traders often use support levels to identify potential buying opportunities.
**Resistance** is the opposite; itâs a price level where an uptrend can pause or reverse due to a concentration of selling interest. As the price approaches resistance, supply increases, creating a âceilingâ that prevents further ascent. Resistance levels are often used to identify potential selling opportunities.
These levels are not always exact; they can be zones where the price frequently reverses. Support and resistance levels are crucial for traders when planning trades, setting stop losses, or determining profit targets. Understanding how to identify and use these levels can significantly enhance trading strategies, helping traders to make informed decisions and manage risk effectively.#PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #MarketDownturn #SahmRule
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