ben_walther

ben_walther

In this analysis, I’ll discuss why the long-term outlook for Bitcoin remains bullish—even if the short-term moves seem unpredictable. Here’s what's contained: • What the descending channel really means • How liquidity pockets can trigger massive price surges • The crucial levels to watch next Let’s dive in👇 Since March, Bitcoin has been trading in a descending...

ben_walther

At 6 pm UTC, Jerome Powell (Fed Chair) will announce the Fed's decision. Currently, the market swings between a 25bps and 50bps rate cut. As mentioned, I prefer (and advise) staying sidelined during such days. Volatility can be crazy and unpredictable. However, I will analyze the decision and give you a complete assessment in tomorrow's edition. Bitcoin...

ben_walther

SUNDOG has recently found a local bottom and is now testing the critical resistance at $0.34. The price has been steadily climbing, and all eyes are on whether it can successfully break this level. Here's all you need to know: 1️⃣ Ideal Setup For a solid bullish confirmation, we want to see a clean break above $0.34 followed by a retest, flipping this level...

ben_walther

We’re entering a critical phase where the charts are setting up for a decisive move. However, it might not happen just yet. All eyes are on tomorrow’s key event: the Federal Reserve meeting and rate cut announcement. Volatility on the Horizon, But... With the Fed's upcoming rate cut decision, Bitcoin could certainly experience more volatility. However, I...

ben_walther

ZRO presents a fascinating chart setup, showcasing significant strength compared to the broader market. Unlike many other tokens that have struggled, ZRO has mainly held its ground. Moreover, it’s approaching a crucial moment. Two key levels will be essential to watch: ‣ ZRO needs to break out of the current downtrend. ‣ Subsequently, it has to pump above the $4...

ben_walther

Lately, all social media content seems to follow the same narrative: "The Fed is cutting rates, so Bitcoin will pump!" It's a catchy idea. After all, lower interest rates are typically good for risky assets like stocks, crypto, and Bitcoin. But we shouldn't get too excited. Instead, let's take a step back and look at the bigger picture: Undoubtedly, rate cuts...

ben_walther

Once again, the market poured euphoria over crypto traders on Friday within seconds. Bitcoin made a solid move above the crucial 58k level and subsequently targeted 60k. Today, it feels like the day after the party: Bitcoin did not break the 60k barrier, and its current price action gives off mixed signals. Let’s break it down: The Positives: Bitcoin...

ben_walther

Currently, Cosmos (ATOM ) trades in a descending channel. Typically, this pattern is considered bearish. The price continues to make lower highs and lower lows, respecting the upper and lower trend lines of the channel. Volume Insights The volume paints a clearer picture of the market sentiment. We can see a strong selling pressure, evidenced by the highest...

ben_walther

Solana (SOL) is showing several signals of a further correction. After SOL bounced from its core support level at $125, the price was rejected at the EMA 200. Currently, SOL is trading below all significant exponential moving averages (EMA). Typically, this is an explicit confirmation of a downtrend. Even worse, the Stochastic RSI is in overbought territory....

ben_walther

Over the past few months, the idea of a 50bps rate cut by the Federal Reserve (FED) seemed highly unlikely. Most of the crypto market had priced in a 25bps rate cut. However, yesterday, the market dynamics shifted. Suddenly, the probability of a 50bps rate cut surged from 14% to 47%. This surprising change is shaking up global financial markets. Logically, the...

ben_walther

Chainlink (LINK) is again about to challenge the upper boundary of its descending channel. This barrier has been in place for most of 2024. Each time LINK tested this upper trendline, it faced rejection. However, the pressure is building for a potential breakout. Key Technical Points To Watch Descending Channel: LINK has been stuck in a descending channel,...

ben_walther

MEW has been trading within a descending wedge pattern, which typically signals a potential reversal once broken. Currently, MEW is approaching a critical resistance level at $0.0048, which has repeatedly acted as a rejection point. 1️⃣ Key Technical Points • Wedge Formation: MEW consolidates within a descending wedge, gradually tightening its range. • $0.0048...

ben_walther

Popcat has been gradually climbing and is approaching a critical horizontal resistance around the $0.70 level. The trend has been constructive, with higher lows forming, and is supported by a rising trendline. This setup suggests that the buyers maintain control, and momentum is building for a potential breakout. Key Levels to Watch: $0.70 resistance:...

ben_walther

Solana has once again revisited its significant support level around $130, marking the 7th test of this area since March. This level has held each time, indicating intense buying pressure at these levels. However, the next few days will determine whether SOL can gather enough momentum to push higher. Key Levels to Watch: - $130 support: This level has proven...

ben_walther

NEAR has developed a double bottom pattern, a classic reversal setup starting to emerge across several altcoins. This structure often signals a potential trend shift, but the key lies in how NEAR handles the $4.15 to $4.35 resistance range. Currently, NEAR is attempting to push through this essential zone, which has acted as both support and resistance in the...

ben_walther

Technically, Bitcoin remains within a descending channel, and 58k is still the critical resistance. A daily close above 58k would be a step forward, but for the bullish case to gain traction, 60k needs to be cleared decisively. For now, 58k holds. If Bitcoin continues to stall here, the odds of a pullback toward the 52k lower trendline increase, as highlighted in...

ben_walther

Fantom (FTM) is one of the charts I watch closely. This token has every bullish ingredient you want to see and should run like crazy once the market turns on the "bull mode." The price broke out of the long-term downtrend (red line). Moreover, FTM retested the breakout successfully. It printed a perfect higher low on the daily chart. And forms a beautiful...

ben_walther

TON showed some strengths and bounced nicely from its crucial support level at ~4.70, which was important. On the other side, TON is still in some serious trouble: Strong downtrend with lower highs and lower lows. Dropped out of the long-term channel. So far, it couldn't reclaim the channel. Based on this, I remain cautious about TON. The token needs to return to...