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BITCOIN nothing to stop it now! Can top anywhere inside 250-400kMore than 1 year ago (September 05 2023, see chart below), we published the following Bitcoin (BTCUSD) idea, which very illustratively presented the potential course of the new Bull Cycle: As you can see, BTC managed to trade an entire year rising within this green Arc pattern and always below the Cyclical Pivot trend-line that emerged from the bottom of the 2018 Bear Cycle. We made the last update on this chart last August (20 2024), where we called the end of the 5-month correction since March and the start of the new Phase (final Parabolic Rally) of the Bull Cycle. ** The key hold of the 1W MA50 ** The key for that call was the fact that the 1W MA50 (blue trend-line) held twice during the August sell-off and supported. As you can see, on all of BTC Bull Cycles, the 1W MA50 has been supporting post Halving and never broke until after the Top and the start of the new Bear Cycle. ** Symmetry of pre and post-Having ** Given that historically the Bull Cycle lasts post-Halving almost the time it lasted from the bottom to the Halving, we should expect its top around December 2025 - January 2026 and if it is on the Cyclical Pivot trend-line, then it could be as high as 400k. However, even on a less optimistic scenario where it lasts 1064 days (152 weeks) from the Bottom (not counting FTX crash), like the 2015 - 2017 Bull Cycle, we can expect a peak a little over $200000 on the Cyclical Pivot trend-line. ** The 1W RSI series of Tops ** It is important to notice that the 1W RSI is recovering from the overbought volatility correction, having dropped from a massively overbought 88.50 High (March 04) to a practically bearish 45.00 Low (September 02). As this chart shows, BTC tends to top on levels similar to the first 1W RSI of the Cycle, so there is still a lot of way to go before it tops, especially if it follows the 2015 - 2017 Bull Cycle, which had four almost symmetrical such Tops. But what do you think? Are you also expecting Bitcoin to top anywhere within a $250 - $400k range? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
BTC Bitcoin: Is the Bullish Breakout Here to Stay?👀👉 Bitcoin (BTC) has been gaining strong momentum, with a confirmed bullish breakout in market structure on the daily and 4-hour charts, reaching new all-time highs. My outlook remains bullish as I monitor a potential retracement into the Fibonacci 61.8% zone for an ideal entry point. In this video, we provide a detailed BTC analysis and explore how to trade Bitcoin effectively, breaking down strategies to capitalize on the current bullish trend. Whether you’re an experienced trader or new to the crypto markets, this guide will refine your trading approach and improve your confidence in navigating Bitcoin's price action. Not financial advice.
THINKMARKETS:BTCUSDLong
by fxtraderanthony
2
Bitcoin - Bitcoin finally reached 6 digits!Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. risk ON sntiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. which will cause the failure of the resistance zone. After the authentic failure of this area, we will see Bitcoin reach the ceiling of the channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The target of this downward movement will be the level of 90 thousand dollars. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. Last week, Donald Trump appointed Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC), a decision that sparked mixed reactions. Hester Peirce, popularly known as the “Crypto Mom,” expressed her strong support for Atkins to replace the current SEC chairman, Gary Gensler. She stated, “Based on my previous experience working with him in this organization, I can’t imagine a better candidate for this position.” Meanwhile, Caroline Crenshaw, a current member of the SEC, has been nominated for another term and now awaits Senate confirmation. If approved, she will serve on the commission until 2029. During her tenure, Crenshaw has taken a notably strict stance on cryptocurrencies, earning a reputation for being even tougher than Gary Gensler. One key point of contention is her opposition to approving Bitcoin Exchange-Traded Funds (ETFs). In a letter dated January 2024, she cited concerns such as investor protection and market manipulation as reasons for her dissent. These views have led some to label her as the primary adversary of the crypto industry. Bitcoin Spot ETFs now hold over one million bitcoins, surpassing the holdings of Bitcoin’s anonymous creator, Satoshi Nakamoto. Within less than a year, these funds have become the largest bitcoin holders in the world. Lawrence Summers, a former U.S. Treasury Secretary, told Bloomberg that the idea of establishing strategic bitcoin reserves is “ridiculous.” However, he welcomed efforts to regulate the crypto space and foster financial innovation. Summers also expressed skepticism about reducing government spending through the Productivity Department, calling it a challenging path. The performance and weekly and annual returns of major Layer 1 cryptocurrencies are shown in the accompanying chart. Meanwhile, Pavel Durov, the founder of Telegram, appeared in a Paris court to face charges of facilitating illegal activities through his messaging app. Durov, who was temporarily detained on August 24, was released after posting a $6 million bail but has been barred from leaving France until March 2025. French prosecutors have accused him of running a platform that aids illicit activities. If convicted, Durov could face up to 10 years in prison and a fine of €500,000. This case has raised concerns about privacy-focused technologies in the Web3 space. At the same time, the number of cryptocurrency wallets with non-zero balances has reached 400 million. Michael Saylor, the CEO of Microstrategy, recently shared his proposed bitcoin purchasing strategy with crypto enthusiasts. He reiterated that bitcoin should be considered a long-term asset and advocated for using a Dollar-Cost Averaging (DCA) strategy for sustainable growth. Saylor, one of bitcoin’s most prominent supporters, stated that for the past four years, he has consistently advised investors to “buy bitcoin and never sell.” He emphasized that bitcoin should be held as a long-term capital asset rather than a short-term profit tool. Saylor recommended that investors enter the market every three months using funds they do not need and hold the investment for at least ten years. He also stressed that investors should not worry about short-term volatility and should avoid stress by adhering to this strategy. The trading volume of spot cryptocurrencies reached $2.7 trillion last month, marking the highest level since May 2021. A new survey revealed that over 80% of cryptocurrency holders admitted that their investment decisions were influenced by emotions like Fear of Missing Out (FOMO) and Fear, Uncertainty, and Doubt (FUD). The survey, which included 1,248 participants, showed that 84% invested due to FOMO and 81% due to FUD. Kraken Exchange commented that the findings suggest many investors trade based on emotions and fears rather than logical strategies. These emotions often stem from misunderstandings or mistrust about the future of specific cryptocurrencies. The survey also revealed that FOMO drives investors to chase rising prices, while only 17% focus on buying opportunities during price drops. Interestingly, 63% of cryptocurrency holders acknowledged
COINBASE:BTCUSD
by Ali_PSND
Give market more timeMorning folks, Just we've stopped talking about downside reaction on 102K target - it immediately has happened. As we're going slowly to Xmas time, managers and investors start thinking about holidays and payouts. So, activity on the market will slow. Second is BTC is overbought on monthly chart and completed major target. Such a combination tells that it should be either down or sideways action in nearest time. Since monthly is very big time frame, reaction might be extended in time. So, we just need to do market time to express this reaction. It now stands in release stage. So, the first thing - we should not hurry up with a new position, no matter in what direction. Do you see something interesting here, on 4H chart? That's it and I see nothing. Second is - we should wait for clear patterns without any worry that we will miss the chance. Patterns should be extended and well recognisable, such as H&S on daily for example: Or something of this kind. So, be patient.
COINBASE:BTCUSD
by Sive-Morten
All Stars Aligned: Bitcoin, Gold, Fiat, and DebtThis post explores the idea that Bitcoin, often referred to as "digital gold," might one day replace gold as the preferred store of value. Gold’s price (shown in yellow) has traditionally been sensitive to inflation, which is influenced by money printing, as indicated by the US M2 money supply (shown in white on the chart). Geopolitical and economic insecurity also drives demand for gold, the "safe-haven" metal. To add further context, I've also included US debt (shown in red). The chart reveals that the market seems to have found some form of equilibrium at current levels, with gold’s price finally tracking the M2 money supply and debt parameters closely. Interestingly, Bitcoin (shown in orange) has mirrored this behavior in a similar fast-paced manner. Around the $3,000 mark for gold and near $100,000 for Bitcoin, both assets are aligning with the money supply and debt trends. This suggests that any further price increases could be limited unless additional money is printed or debt increases. Of course, a Black Swan event could disrupt this equilibrium at any time. I also used TradingView’s Correlation Coefficient tool to examine the relationship between Bitcoin and gold. The correlation is impressively high at 0.87, indicating an almost perfect alignment between the two assets. The chart supports the idea that Bitcoin is tracking gold closely, strengthening the notion that Bitcoin could indeed be positioning itself as the "digital gold" of the future. Let me know your thoughts in the comments below!
CRYPTO:BTCUSDEducation
by aibek
The point of interest is whether BTC.D can fall below 55.01 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTC.D 1D chart) If it falls below 55.01 this time and fails to maintain, it is possible that it will touch the MS-Signal indicator. Since the BTC dominance is rising, it means that funds are concentrated toward BTC, so altcoins are likely to move sideways or show a downward trend. - (USDT.D 1D chart) As USDT dominance falls below 4.97, it can be seen that the coin market has started an upward trend. Therefore, in this upward trend, USDT dominance is expected to fall to around 2.84. We can see that support and resistance points are concentrated in the 3.92-4.31 range of USDT dominance. Therefore, the point of observation is whether it can meet resistance in this range and continue the downward trend. If USDT dominance touches around 2.84 and rises or rises above 4.97, the coin market is expected to show a sharp decline. If it rises above 4.97, the coin market is likely to be in a downward trend. If it touches around 2.84 and rises, I think the coin market is likely to show a movement to form a high range. Therefore, it is expected to form a high point while shaking up and down and start a downtrend. -------------------------------------------------------------- 1W chart will be updated after a new candle is created. (BTCUSDT 1D chart) The key is whether it can receive support and rise near the important support and resistance area of ​​95904.28-98892.0. If it falls below the important support and resistance area, it is likely to touch the M-Signal indicator on the 1W chart. - If the price maintains near the 95904.28-98892.0 area during the period for the StochRSI indicator to reset, it is expected to start an uptrend to rise above the Fibonacci ratio of 2.24 (116940.43). Accordingly, the point of interest is whether the price can be maintained around the 95904.28-98892.0 range until the next volatility period, around December 27th. - The HA-Low indicator on the 1D chart is formed at the 56204.13 point. If the HA-Low indicator on the 1D chart is generated when the decline proceeds below the 95904.28-98892.0 range this time, I think the key point will be whether there is support around that area. - Whether ETH can renew the ATH when moving sideways until the next volatility period of BTC is also a point of interest. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
3
BTC.D NEXT MOVE It is expected that Bitcoin dominance will move in this path, with the next action being a retest of the 58.70% area. After this retest, it is projected to drop to the key level of 58.30%, where Bitcoin dominance encounters both dynamic and static resistance. From this area, a decision will be made whether to continue with a significant drop or rise. As you know, an increase in Bitcoin dominance usually indicates a dump in altcoins, while a drop in dominance signals a pump in altcoins. However, other factors, such as Tether dominance, also need to be considered.
CRYPTOCAP:BTC.D
by ScorpionX_Co
2
$SATS: Strategic Entry into Emerging BRC-20 TokenSATS (Ordinals) ( NASDAQ:SATS ): Strategic Entry into Emerging BRC-20 Token SATS (Ordinals) (SATS) is a crypto in the CRYPTO market. The price is 3.09154e-07 USD currently with a change of -0.00000 (-0.03748%) from the previous close. The intraday high is 3.25692e-07 USD and the intraday low is 3.0072e-07 USD. Trade Setup: - Entry Price: $0.000003093 - Stop-Loss: $0.0000001528 - Take-Profit Targets: - TP1: $0.0000004644 - TP2: $0.0000007421 Fundamental Analysis: SATS (Ordinals) is a BRC-20 token representing the smallest unit of Bitcoin, known as a satoshi. With a capped supply of 2.1 quadrillion tokens, it symbolizes a fractional ownership of Bitcoin's value. The token has garnered attention following its listing on major exchanges like OKX and Binance, leading to significant price movements. (tradingview.com) Technical Analysis: - Current Price: $0.0000003091 - Moving Averages: - 50-Day SMA: $0.0000002800 - 200-Day SMA: $0.0000002500 - Relative Strength Index (RSI): Currently at 60, indicating neutral momentum. - Support and Resistance Levels: - Support: $0.0000002800 - Resistance: $0.0000003500 Market Sentiment: The recent listings on prominent exchanges have amplified interest in NASDAQ:SATS , resulting in increased trading volumes and heightened volatility. The token's association with Bitcoin's fundamental unit appeals to investors seeking exposure to Bitcoin's value in a fractionalized form. (tradingview.com) Risk Management: Setting a stop-loss at $0.0000001528 helps limit potential downside, while the take-profit targets at $0.0000004644 and $0.0000007421 offer attractive risk-reward ratios. Given the token's volatility, strict adherence to these levels is essential. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
KUCOIN:SATSUSDTLong
by SiriusTrading
3
Bitcoin: Signs Of A Cycle High.Bitcoin could be developing a Wave 5 of a broader 5th wave which would complete an even larger Wave 3 (see monthly chart). IF this is confirms, it implies that a much larger corrective cycle (Wave IV) has a greater chance of unfolding. This corrective cycle can see price retest 70K and STILL BE WITHIN a bullish configuration. Such a move can take 6 months to a year to play out. While wave counts do not promise a high degree of accuracy, they can be helpful to estimate the amount of RISK in the future. Based on this wave count, I can at least conclude that current levels are EXTREMELY unattractive when it comes to putting new money to work in terms of investing. Some signs that point to a potential cycle peak: possible double top formation near the 100K area. A large outside bar formation (see arrow). Countless video titles on Youtube that push becoming a "millionaire" (this is a sign of extreme sentiment). Scammers on the rise literally pumping and dumping meme coins on Youtube streams. Michael Saylor's face on countless thumbnails. While many of these signs are not technical, they illustrate the sentiment of the retail investor and it is usually at these times when the market is MOST vulnerable to turning. This process is NOTHING new, but it can be observed in new ways thanks to the social internet. The outside bar that went from the all time high of 104K back to 91K (most of that move occurred within an hour), is a sign that much of this move is on nothing but hot air in my opinion. Yes it recovered, but all it takes is some unexpected catalyst to see the move stick the next time. While the trend has yet to change, this activity highlights the high degree of risk that is present at current levels. While there is never a bad time to invest, price levels are not created equal when it comes to RISK. I will ALWAYS say this at highs: these are prices to reduce risk, take some profits, or invest SMALL. Price action at current levels is ideal for short term strategies like swing trades, day trades, etc. The price area to be waiting for when it comes to putting larger amounts of new money to work is between the 80K to 70K area which is where the cycle low can establish itself while still maintaining a bullish outlook. IF 70K is compromised (it can happen) that would negate the broader bullish structure and expectations should be adjusted at that time. This is NOT a forecast, just a potential scenario to be prepared for. There is no way to forecast the future with any degree of accuracy. All it takes is an unexpected catalyst and everything changes overnight. Markets are highly random, so the ONLY factor we can control is the RISK we take. Imagine buying this on the 100K breakout, only to see a test of 90K area to follow. Why wasn't ANYONE forecasting that little move? Learn to measure and respect risk because "reward" is nothing more than a byproduct of good risk management. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
18
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi
MICROSTRATEGY a pyramid ponzi.Understanding the situation with MSTR can be quite complex. Many people recognize that MicroStrategy has been issuing convertible bonds at a 0% interest rate to purchase Bitcoin. This strategy tends to drive up both Bitcoin's price and the value of MSTR shares. As a result, the scheme appears to inflate continuously, placing the risk on bondholders. The only way for MSTR's stock price to keep rising is through the issuance of increasingly larger amounts of convertible debt; otherwise, the entire pyramid would collapse. It's understandable why Michael Saylor seems to be focusing more on shilling MSTR bonds instead of Bitcoin itself. Why would institutions invest in MSTR's convertible bonds at 0%? Many believe it's because they anticipate being able to convert these bonds into MSTR stock in five years at a predetermined price, potentially around $675, effectively giving them a premium-free call option. However, there is a hidden cost to this strategy: inflation. At first glance, this might seem like a poor investment choice—if one expects MSTR's value to rise, it would make more sense to buy the shares now rather than commit funds to a higher price in the future. Why would anyone engage in such a massive financial manoeuvre involving BILLIONS? The truth is, those purchasing the bonds are ACTUALLY indifferent to the rising stock value! Their primary interest lies in capitalizing on price fluctuations. Ultimately, a convertible bond functions as a CALL OPTION; thus, as the MSTR stock price experiences greater volatility, the premium on the call increases. Recently the value of these convertible bonds has surged by 170%. This is precisely why investors are unconcerned about interest rates or the actual conversion of the bonds—they have ZERO desire to convert! The reason? Issuing new shares would only dilute their holdings! All the rewards with none of the risks! But what happens if MSTR collapses? Bondholders will seize all the Bitcoin MSTR possesses, leaving shareholders with nothing but scraps! Can you fathom how deep this MSTR Ponzi scheme really is? The more you explore, the more mental acrobatics you need to perform to grasp the situation! Many believe that bond buyers are naive, but in reality, they are the sharpest players in the game, reaping the benefits without facing the risks! In the current climate, that’s the nature of volatility! It doesn’t matter if MSTR’s stock price fluctuates; they’re insulated from the fallout. Who do you think is betting against MSTR? It’s the bondholders, and their positions are secure! Ultimately, for someone to profit, someone else must incur a loss, and it won’t be the bondholders. This means that regular shareholders are poised for significant losses, as the primary force driving MSTR’s stock price is its own volatility. Once that volatility dissipates, we could see MSTR plummet below $100 a share! All those crypto enthusiasts will be left reeling, wondering how MSTR could possibly decline while Bitcoin’s value rises!!! What’s the main effect of these convertible bonds? They create volatility in the stock price, leading to wild swings up and down, just as we’re currently witnessing. What occurs when the volatility subsides? The stock price will plummet! Many people are misdirecting their focus on metrics, technical analysis, and listening to Michael Saylor's commentary on CNBC. Instead, they should be paying attention to the volatility of MSTR's stock price, as its decline will directly impact the stock's value. Don't be misled; even if MSTR falls below $300, it will still be overpriced and could potentially drop to under $100 per share due to the convertible bonds scheme. Claims from MSTR valuation sites that each share is backed by a certain amount of Bitcoin are misleading; the reality is that the shares are not backed by anything. The BONDHOLDERS are the ones who possess all the Bitcoin. There’s no such thing as a free lunch—someone has to bear the costs, and in MSTR's case, that burden will fall on the shareholders. You certainly don’t want to be left holding the bag when the music stops. It is important to maintain a clear perspective regarding cryptocurrencies; they should not be viewed as traditional investments, but rather as something more comparable to gambling. While you may have the advantage of being an expert poker player, the only way to truly win is to cash out your profits. Otherwise, you risk losing on MSTR and in the crypto market.
NASDAQ:MSTR
by BallaJi
24
BITCOIN - Price can little correct again and then continue riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago BTC started to grow inside rising channel, where it at once made correction, breaking $72300 level. Then, the price bounced from the channel's support line, broke the $72300 level again, and continued to move up in channel. Later BTC reached $93000 level, some time traded near in support area, and later broke this level too. Next, price rose to resistance line of channel, after which made correction to support level and then continued to grow. Price rose to $104100 (new ATH), but a not long time ago it made correction to support level and then started to rise. Now, I think that Bitcoin can decline a little and then continue to move up to $107500 in rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
BITCOIN, Where is the best zone to long?Hello Traders, welcome back to another market breakdown. Bitcoin is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
BINANCE:BTCUSDLong
by BTM-LEO
8
DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer Resistance levels: 0.45, 0.463, 0.48 Support levels: 0.422, 0.400 Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Long
by RLinda
47
What now Bitcoin?#bitcoin #btc price is moving in an ascending megaphone channel now. Top of the channel is located at 110 - 115K #usdt .The lower red box is the strong daily ichimoku span support zone + dEMA ribbon support zone. CRYPTOCAP:BTC price also forming a distribution schematics that matters short/ mid term holders. Touching upper red box and a price declination there will likely cause #btcusd to have a flash dump (i expect this , posted in my previous ideas). This flash dump' s strong support zone is lower red box. If #btcusdt breaks out the megaphone channel with a successful retest, then support zone will move higher and scenario will be modified. In addition, BITSTAMP:BTCUSD price is in distribution zone, avoid high leveraged margin positions and then thank me later for avoiding 10x 100x positions pals.
by naphyse
1