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📍#Bitcoin Update (Continue)
🔺Bitcoin's weekly candle closed in the red, indicating a negative price movement for the week.
🔺The price of Bitcoin experienced a bounce from the $25,777 level, which acted as a resistance point.
🔺Currently, the $25,300 level is functioning as a significant support level for Bitcoin.
🔺A break below the $25,300 support level has the potential to initiate a bearish trend in Bitcoin's price.
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Bitcoin Fear and Greed Index is 48. Neutral
Current price: $26,837
📍#Bitcoin Update (Continue)
🔺Bitcoin's value fell below $26,000 and hit a low near $25,800.
🔺However, it regained its position above $26,500.
🔺Bitcoin's trading volume remains low.
🔺There is a possibility of another price drop if it Continues to follows the head and shoulder pattern.
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Currently, 4.3M Long-Term Holder coins are held at a loss, equivalent to 22.2% of the circulating supply
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🚨#Bitcoin Break Down the Head and Shoulder pattern as we Expected ✅
We may see the Bitcoin piece will touch support area of $25,500 to $25,200 if downside📉 Movement continues
Are you Guyz Holding $BTC 🤔❓
Yes 👍 No 👎
📍#Bitcoin Update (Continue)
🔺Bitcoin has followed our prediction as expected.
🔺The symmetrical triangle pattern was broken, and Bitcoin executed a precise retest before showing a significant downward movement.
🔺Furthermore, Bitcoin has also breached the support area.
🔺As a result, the current trading price of Bitcoin is below $26,200.
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💰 #Btc
Confluence of Blue support and 100 MA still holds
Up we go if the bounce off is confirmed📈
Important Economic Event Today: U.S Producer Price Index (PPI) & Jobless Claims Report
TIME: 8:30 AM ET
$3 billion dump in the last 30 minutes on Binance alone.
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📍#Bitcoin Update (Continue)
🔺Bitcoin is exhibiting a bear flag pattern in the lower time frame.
🔺It is anticipated that this pattern will experience a breakdown.
🔺The breakdown of the pattern could lead to a decline in price to approximately the 27,200 support level.
🔺Additionally, today's release of the CPI data is expected to cause market volatility.
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Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10
https://www.binance.com/en/support/announcement/2f420fa36bcd4fe89dc6855b857b7ea9
JUST IN: Goldman Sachs, Microsoft, Deloitte, and others partner to launch a blockchain network.
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#TURBO/USDT
No Analysis! Just Up📈
#Memecoins
Small Risk allowed only❗️
JUST IN: Jim Cramer says an "economic wave is about to hit that will be fantastic for investors."
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🚨What to Expect if BTC Dominance Falls Below 40%🚨
👉BTC dominance has been ranging for more than two years and is currently testing the range high as resistance. If BTC dominance falls below 40%, it could spark an altcoin season.
👉Key levels to watch for in BTC dominance are support at 45% / 40% and resistance at 48% / 55% / 59%. If BTC dominance is rejected from 48%, we could see another altcoin season. If it breaks upward from 48%, we can expect another bloodbath in altcoins.
👉If BTC dominance falls below 40%, we can expect a significant shift in the cryptocurrency market, with many altcoins experiencing significant gains against BTC.
👉However, it's crucial to keep in mind that investing in altcoins carries risks. Always do thorough research before making any decisions and keep a close eye on BTC dominance levels to be prepared for any potential market shifts.
🚀 Tips for #Crypto Trading 🚀
1️⃣ Always study the project before investing.
2️⃣ Check the hourly, daily, and weekly charts for trends.
3️⃣ Make trading decisions based on your analysis.
4️⃣ Start with investing 30-40% of your funds.
5️⃣ Always use a stop loss to minimize losses.
6️⃣ Avoid trading in highly volatile coins.
7️⃣ Don't make trading decisions based on false HYIP (High-Yield Investment Programs) influence.
8️⃣ Always Do Your Own Research (#DYOR) before investing.
Happy trading! 💰💸
JUST IN: New Twitter CEO Linda Yaccarino is following Shiba Inu on the platform.
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ETH locked hit an all-time recently at 19,731,568 ETH
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#Binance is moving 18 cryptocurrencies, including 👇
AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII to the Innovation Zone on 2023-05-10
Are you holding any of these coins ❓
Yes 👍 No 👎
📍#Bitcoin Update (Continue)
🔺Bitcoin has recently retested the lower trendline of a symmetrical triangle pattern and experienced a subsequent price drop.
🔺During this retracement, the cryptocurrency also touched a critical support level of $26,777.
🔺To regain bullish momentum, Bitcoin will need to reclaim its position above the $28,000 price level.
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Top Tier Spot Volumes were down 50%📉 relative to previous three months😴
You know what happens after periods of low volatility, even if we do not see volatility this month. Then be ready for 🔥Summer
📍CPI report 1 Hour
Stay tuned and reduce exposure if you have any open trades.
Market can be volatile .
#PayPal holding $499M worth of Customers fund in #Bitcoin
Only in just 4 months 💪
💰 #Bitcoin is forming a Head and Shoulders pattern which is bearish pattern.
📈 Price has reached the neckline of the pattern.
🐻 A breakdown of the pattern could initiate a bearish move.
💸 If Breakdown Happens Bitcoin's price could potentially touch the support level of $25,200
What Do you Think will Bitcoin Breakdown the neckline ❓
Yes 👍 No 👎
A smart whale who earned ~$14.5M on $PEPE has been buying $TURBO since May 3👀
He bought a total of 1.38B $TURBO ($1.1M currently) with $977K, the average buying price is $0.0007055.