PHREDX

PHREDX

Characteristics of a Descending Triangle: Lower Highs: The descending trend line indicates that sellers are increasingly willing to sell at lower prices, creating a series of lower highs. Horizontal Support Line: The support line at the bottom of the triangle shows that buyers are entering the market at a consistent price level, preventing the price from...

PHREDX

Here's my analysis of the pattern: A - This region marks a consolidation phase where the price moves within a narrow range before breaking out to the upside. The horizontal blue line likely represents the resistance level of this consolidation phase, which the price breaks above. B - Similar to region A, this appears to be another consolidation phase with...

PHREDX

The charts provided show the Bitcoin (BTC) price movement on different timeframes: 1-week (1W), 3-day (3D), and 1-day (1D). These charts are often used in technical analysis to understand price trends and potential future movements. Here’s a breakdown of the pullback and potential price targets based on the charts: 1-Week (1W) Chart Price Levels and Fibonacci...

PHREDX

Trend Following Strategies: As the market confirms a bullish trend, traders can utilize trend-following strategies to capitalize on upward momentum. This may involve entering long positions when the price pulls back to key support levels or breaks out above resistance levels. Riding the Trend: Traders can aim to ride the bullish trend by holding onto positions...

PHREDX

VERY STRONG CONFLUENCES. Introduction: The provided chart displays the BTC/USDT pair on a daily timeframe, highlighting a symmetrical triangle pattern with two valid trendlines converging at a crucial support level, the 4H valid support at $65,811. This analysis aims to update the previous insights based on the latest price action and technical formations...

PHREDX

Importance of the Confluence: 1.Increased Reliability: The convergence of the symmetrical triangle and the valid support level increases the reliability of this area as a critical decision point. It suggests a higher probability of a significant price reaction at this level. 2.Potential Price Reversal or Continuation: If the price approaches this confluence...

PHREDX

Bitcoin @ $55K --> SHORT Bitcoin @ GETTEX:52K --> LONG

PHREDX

This first week of May 2024 is crucial to define BTC $62K support level BATTLE. Considerations: Point 1) U.S BUREAU OF LABOR Report CALENDAR: Wednesday, May 01 08:30 am -> Metro Area Employment/Unemployment for March Thursday May 02 8:30am -> Productive and Costs for First Quarter Friday, May 03 8:30am -> Employment Situation for April. if numbers are...

PHREDX

In 2023, global EV sales reached 13.6 million units, up over 30%. China dominated with 7.9 million units sold, expected to hit 10 million in 2024. BYD sold 3 million EVs, including 1.6 million BEVs, while Tesla delivered 1.8 million BEVs, capturing 19% of the market. Tesla sold 700,000 vehicles in the US and Canada, 600,000 in China, and 400,000 in Europe. Tesla's...

PHREDX

While FED showing lack of aim to cut rates the commodities price sparks considerable. Bitcoin ETF rally get settle. What we have here now ? and what should expect for the future ? Well let's back few years on what happened with BTC. 2022 - BTC price plunged due to regulatory uncertainties US, India and Europe increased their scrutiny of cryptocurrencies, also...

PHREDX

The range in between $35k ~ 36K is very magnetic. Very alike to reach this high volume demand zone. I would like to know your opinion.

PHREDX Updated 

CRYPTOCAP:BTC now most likely to reach a $38K level with few stops before that emphasizes by the Wall street indexes being performing well while AAPL and NVDA remain strong. Not mention the fact that Grayscale transferred almost 1 billion dollar to Coinbase exchange.

PHREDX

Crucial moment for those who want to go longer. If it bounces below the neck line, going short will make more sense. not financial advise.

PHREDX

Today BITCOIN reached 17% correction from the most recent previous high $48.9K and it seems to be continue. In this chart we can see the potential next levels that we can reach in addition to that historically speaking February is a bearish month for crypto.