🐝 Bitcoin is Near Historical Trend Line!
There are three charts on this image: 1M, 3D and 1D so you can see the situation from different angles.
1 Month: There were two touches of this line, and the third attempt broke it downwards back in 2022
3 Day: The price has already tested this resistance two times from bottom upwards and now is the third attempt
1 Day: Currently we can see how the price is compressing the level but can't break it upwards
Don't want to sound like a bear and all, but current PA doesn't seems very bulish for Bitcoin. More likely there will be a small pullback to gain strength and breakout of this level on come back!
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🐝 BTC UPDATE
The support we watch is $50,450. It is important to stay above, but I must be honest — chances of staying above are getting lower and lower with each passing day.
Yesterday was the first day since the ETF was approved when a net OUTFLOW was registered, it was -$88M. People don't trade spot there, volumes are weak.
But what people DO trade is futures with high leverages, positive funding proves it. I don't like being bearish, but I wouldn't LONG Bitcoin here.
🧐 By the way, DeChat that we were telling you about a few days ago is mainly working with people in Japan, there are 200,000+ users there (shoutout to Japanese Bitcoin #JASMY).
Keep an eye on this, the token should be launched soon
🦋 ETH UPDEATE
Ethereum looks strong enough to bounce from there. It has reached EMA30 on the 4H chart and is ver close to the $2850 support level.
Moreover, there is a strong bullish convergence on the 1H chart.
Bullish on Ethereum here.
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🏁 #JASMY reached the first target, printed +50% profit in just one day of holding on spot!
Closed 1/3 of the trade, moved SL into profit zone.
📍 #ADA UPDATE
Cardano printed +13% profit from our entry point, but it is still looks good for entering if you did not do it.
The price has engulfed the $0.6 resistance level and now consolidating above it. Has all chances to move upwards from there.
💁♂️ You didn't ask for it, but here is the First Photo of Sam Bankman-Fried in Jail.
Читать полностью…👀 #RNDR is moving towards the first target, printed +18% profit from our entry so far!
Читать полностью…🦋 ETH UPDATE
Ethereum keeps growing, now it is breaking through the local resistance level of $3030 and taking hold there.
Overall the chart looks positive, EMA is leading the way and Ethereum is not resisting.
✍️ HOW TO WORK WITH RSI CORRECTLY
Different markets types require different settings:
📉 Bear Market -> Lower 20, Upper 60
📈 Bull Market -> Lower 40, Upper 80
📉Divergence = Price and RSI diverging = Bearish
📈Convergence = Price and RSI converging = Bullish
📊 According to a Quarterly Retail Volume on Coinbase…
Retail money finally started returning to the crypto market!
❗️Buying some #FIL here
It is a risky trade taking into account the current overheated state of market, but can’t ignore the setup.
Broke the historical trend line and taking hold above horizontal $7.1 level.
Entering with a very small amount.
⚠️ Meanwhile, Fear & Greed Index is at the peak points, fluctuating between 72 and 78 marks.
It was higher (above 90) only when market was setting a new ATH.
Be careful with your opened LONG positions, a massive cut-off is very close.
🩵 #MATIC UPDATE
Globally (and locally too but this is not the topic) Polygon looks gorgeous!
It broke the historical down trend by a strong impulse, retested it from top to bottom and now consolidating above.
Bad days are definitely gone for Matic, "up only", as they say
😳 Anyone expected this? I did not
#JASMY reached the third target in 3 days, printed +150% profit on spot at this point.
I will be honest, I closed 95% of my position there, left a small piece as a moon-bag, let's see how it will develop further
🐝 BTC UPDATE
The resistance of $52,200 was broken by a fake impulse that reached the $53,000 mark and retraced back downwards.
The support we are watching now is $51,000. If we lose it, the price will decline downwards to $49,900.
All in all, Bitcoin is in consolidation/distribution range. This week is meant for filling bags. Before the next move upwards.
Our main target on #BTC remains at $54,000 - $55,000.
🔥 #HMND reached the first target, printed +42% profit on spot in just 1 day of holding!
True gem, as I told you
🔺 #FET / #BTC UPDATE
We all know that Fetch.ai is successfully growing is pair with dollar. But the REAL growth will start when it will start outperforming Bitcoin.
As you can see, it is already printing higher lows one by one which drags it closer to resistance of 2000 sats.
Once this resistance is broken... oh.. I can't even imagine how hard will #FET grow after this. More likely it will happen during the AI tokens season this year. Keep an eye on this chart.
🌻 EMA100 Crossed EMA200 From the Bottom Up on TOTAL2 (MarketCap exclude Bitcoin)!
Previously it has already happened twice: in the 2016 and the mid of 2020. Both times this cross led to a SHARP growth on the chart!
The same must happen now in terms of 2 - 4 months.
❗️Buying some #ORBS
After some consolidation below $0.037 level, the price broke the resistance thans to the Falling Wedge breakout.
Now consolidating above this level flipping one into support.
❗️Buying some #HMND here!
This token is actually a gem, there is a number of reasons why I say this:
- The price is compressing the historical resistance of $0.24 and formed a Cup&Handle on the chart
- The token technology is similar to #WLD (decentralized biometric verification)
- Let's compare them:
#HMND market capitalization is $8M and fully diluted MC is $98M
#WLD market capitalization is $920M (115x) and fully diluted MC is $76B (775x)
- Humanode has partnerships with #MANTLE, #SEI and zkLink
- Founders of the project are 2 co-founders of Paradigm (T1 crypto tech investment fund)
What else you need to call token a gem?
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