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USDT-D

AVAX: Scouting The Best Entry After More PAINAVAX has been trading inside this bearish channel for several years at this point. It's very plausible that AVAX will break through the top resistance if BTC keeps going up, hence the reason that this is not a short-signal, but rather a "buy from here if we go down again" - signal. IF AVAX starts losing value again, I'm keeping an eye at the bottom support of the channel to make a long-term bullish entry. Remains to be seen whether this support will ever be hit again, but better to be prepared in case it does!
Long
by FieryTrading
14
BITCOIN - Price can make small correction and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it bounced twice from support area, and on a second try it started to grow. Price exited from flat and continued to grow in rising channel, where firstly it reached resistance line. Then BTC made a correction to support line, after which bounced and in a short time rose to $64100 level. Bitcoin at once bounced from this level and fell a little, but soon turned around and finally broke it. After this, price rose to resistance line and not long time ago made a correction to support level. Possibly, price can decline even lower than support level and then bounce up to $68000 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
BTCUSDT.1DIn my rigorous analysis of the BTC/USDT daily chart, I explore various technical dimensions that help in shaping an effective trading strategy. Current Market Position: The price of BTC/USDT is currently at $64,002, reflecting a 1.60% decrease in the latest session. This movement indicates significant volatility and necessitates an in-depth technical examination to predict future directions. Trend Analysis: BTC has shown some consolidation after a bullish run, evident from the trading range defined by several key resistance and support levels. The recent price behavior suggests a struggle between bears and bulls to establish control. Support and Resistance Levels: S1 at $58,923.16 and S2 at $53,398.13: These support levels are crucial. A break below S1 could indicate a bearish downturn towards S2, whereas stability or a bounce at S1 might suggest continued consolidation or an upward reversal. R1 at $67,571.03 and R2 at $74,056.94: R1 is the immediate resistance, with R2 providing a higher target in case of a bullish breakout. Surpassing R1 would potentially open the way for a test of R2, signaling strong bullish momentum. Technical Indicators: Relative Strength Index (RSI): The RSI at 58.25 shows that BTC is neither overbought nor oversold, hovering near the midpoint. This suggests a potential for either direction, depending on market forces and upcoming news or economic data. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but shows signs of converging. This could indicate a weakening bullish momentum or a potential bearish crossover if the trend continues. Strategic Trading Insights: Given the current market setup, my strategy would involve a balanced approach. I would closely monitor the price action near the support level of S1 ($58,923.16). Holding above this level might offer a buying opportunity, anticipating a potential test of R1 ($67,571.03). Conversely, a breakdown below S1 would warrant caution, potentially adjusting positions to prepare for a further slide towards S2. For entry, I'd consider a long position if there's a clear bounce from S1 with adequate volume support, setting a stop-loss just below S1 to mitigate risks. On the flip side, should the price break below S1 convincingly, I'd explore short positions, targeting S2 while maintaining a tight stop above the broken support. Conclusion: The BTC/USDT trading pair presents a complex scenario with significant levels at S1 and R1 likely to dictate the short-term market trend. Traders should stay alert to these pivotal levels and adjust their strategies based on solid technical signals and market dynamics. Implementing stringent risk management and keeping abreast of market news are imperative to navigate the anticipated volatility effectively.
Short
by MarsSignals
YFIUSDT.4HAs I meticulously analyze the YFI/USDT 4-hour chart, I observe several key details and technical indicators that inform my trading strategy. Current Market Position: The YFI/USDT price stands at $6,064, showing a slight decrease of 0.28% in recent trading. The market is currently situated near the middle of the defined support and resistance levels, providing a mixed outlook. Trend Analysis: The price movement over the last few weeks shows a pattern of consolidation between key support and resistance levels. This consolidation suggests that the market is in a phase of indecision, with traders and investors gauging direction from upcoming market cues. Support and Resistance Levels: S1 at $5,259 and S2 at $5,825: These levels represent significant support zones. A drop towards these levels could indicate a buying opportunity, especially if the price shows signs of stabilization or bullish reversal signals near these points. R1 at $6,392 and R2 at $7,009: These are the resistance levels to watch. A breakout above R1 could signal a bullish trend, with R2 as the next target for taking profits. Technical Indicators: Relative Strength Index (RSI): The RSI is at 58.94, slightly above the neutral 50 mark, indicating a mild bullish sentiment in the short term. This level suggests some upward potential but also warrants caution as it approaches overbought conditions. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, which supports the bullish sentiment shown by the RSI. However, the closeness of the two lines suggests that the momentum is not strongly bullish, indicating possible fluctuations or a reversal if bearish pressure increases. Volume Analysis: The volume trend is not depicted but is crucial in confirming any potential price movements. An increase in volume on upward price movements would affirm stronger buying interest, while high volume on downswings could signal strong selling pressure. Strategic Trading Insights: Given the consolidation phase indicated by the chart, my strategy would be to watch for a breakout above R1 ($6,392) for a potential bullish entry, setting a target near R2 ($7,009) while maintaining stop-loss orders just below the recent lows near S1 ($5,259). Conversely, if the price breaks below S1, I would reassess the bearish potential, possibly positioning for a short if further bearish indicators confirm. Conclusion: In conclusion, YFI/USDT presents a balanced scenario with potential opportunities on both the upside and downside. Traders should remain vigilant and responsive to price actions near the key support and resistance levels. Monitoring the accompanying volume and further developments in technical indicators will be essential to effectively capitalize on this market's dynamics. As always, maintaining disciplined risk management strategies is vital to safeguard investments in such a volatile environment.
by MarsSignals
RAREUSDT.1DIn my detailed analysis of the RARE/USDT daily chart, there are several technical aspects to consider which help guide my perspective on future market movements. Market Position Overview: The current price of RARE/USDT is $0.0941, which has seen a decline of 2.39% in the most recent session. This movement requires careful analysis to decipher potential future trends and pivot points. Trend Analysis: A descending trendline is evident, reflecting a bearish bias in recent price action. This trendline connects a series of lower highs, highlighting downward pressure and resistance at higher levels. Support and Resistance Levels: S1 at $0.0526: This support level is critical and appears to be nearing a test in the current price trajectory. Its integrity will be key in determining the market's short-term direction. R1 at $0.1458: This is a significant resistance level. A break above this could signal a reversal of the bearish trend and a potential new bullish phase. Technical Indicators: Relative Strength Index (RSI): The RSI is at 46.19, below the neutral 50 mark, indicating slight bearish momentum. It's important to watch for any movements toward 50 or above, which could indicate increasing bullish sentiment. Moving Average Convergence Divergence (MACD): The MACD line is slightly below the signal line, reinforcing the bearish outlook. However, the small magnitude of the histogram suggests that the current momentum is not overwhelmingly strong. Volume and Market Sentiment: While volume specifics are not depicted, the understanding of volume trends can provide additional insight. Typically, a decrease in volume during a downtrend might suggest a weakening of bearish control, possibly indicating a reversal or consolidation period ahead. Strategic Trading Insights: Given the technical setup, I would adopt a cautious approach. Monitoring the price action near the support level S1 ($0.0526) is crucial. If the price holds above this level, it could provide a basis for a potential bullish reversal, particularly if accompanied by positive changes in RSI and MACD readings. Conversely, a breach below S1 could reinforce the bearish trend, potentially leading to lower lows. In this scenario, establishing short positions with a clear stop-loss above the most recent high could be considered. Conclusion: The RARE/USDT pair currently exhibits bearish trends with an immediate focus on the support at $0.0526. My strategy involves vigilance at this support level and readiness to adjust positions based on its response and related technical indicators. As always, risk management through proper stop-loss and position sizing remains a cornerstone of trading in such volatile environments.
by MarsSignals
PYTHUSDT.1DUpon examining the PYTH/USDT daily chart, a comprehensive analysis reveals several technical patterns and indicators that guide my trading decisions. Overview of Current Market Position: The price of PYTH/USDT stands at $0.3482, reflecting a decrease of 1.94% from the previous session. This movement highlights a need for careful assessment of market dynamics and potential directional changes. Trend Analysis: The chart displays a predominantly bearish trend over the recent months, with the price now consolidating around the $0.2303 level, which acts as the immediate support (S1). This consolidation suggests a potential for either continuation of the bearish trend or a possible reversal if bullish signals emerge. Support and Resistance Levels: S1 at $0.2303: A critical support level which the price has recently tested and bounced off from, indicating some buying interest at this level. R1 at $0.4209 and R2 at $0.5094: These levels serve as the primary and secondary resistance levels. Overcoming R1 would be a significant bullish signal, likely leading to increased buying activity towards R2. Technical Indicators: Relative Strength Index (RSI): Positioned at 44.52, the RSI is below the neutral 50 mark, suggesting a slight bearish momentum. However, it's close enough to the midpoint to warrant monitoring for any upward movement that might indicate increasing bullish sentiment. Moving Average Convergence Divergence (MACD): The MACD line is marginally above the signal line, albeit very close, indicating a potential buildup in bullish momentum if the divergence increases. However, the overall near-zero histogram points to a market in balance, with neither bulls nor bears fully in control. Strategic Trading Insights: Considering the current market conditions and technical setup, my strategy would be cautiously optimistic. The recent bounce from S1 suggests a potential for further recovery if the market sentiment improves. I would look for a confirmed breakout above R1 ($0.4209) before considering a more bullish stance. A sustained move above this level could target R2 ($0.5094), particularly if accompanied by increasing trading volume and further bullish signals from RSI and MACD. Conversely, a break below S1 would reaffirm the bearish trend, necessitating a reevaluation of holding positions and possibly considering short positions towards lower price targets. Conclusion: The PYTH/USDT trading pair presents a finely balanced scenario with pivotal points at S1 and R1, which will likely determine the next significant price movement. Traders should remain vigilant, using these technical levels and indicators as key guides in their trading decisions. Adapting strategies in response to clear signals from these indicators and market movements is essential for capitalizing on this volatile trading environment.
by MarsSignals
CHRUSDT.1DAs I delve into the technical analysis of the CHR/USDT daily chart, it becomes apparent that the market is navigating a critical juncture, reflected by several technical indicators and price actions. Market Overview: The current price of CHR/USDT is $0.2556, witnessing a decrease of 3.15% in the latest trading session. This negative movement needs careful examination against the backdrop of the broader market trends and key technical levels. Trend Analysis: The price has been following a descending trend, as indicated by the downward sloping line that connects the series of lower highs. This trend suggests persistent bearish pressure. Observing this, I note that any strategic decision will need to consider the potential continuation or reversal of this trend. Support and Resistance Levels: S1 at $0.2024: This level serves as the immediate support. The price's proximity to this level suggests it might soon play a crucial role in either halting the decline or, if breached, accelerating the bearish momentum. R1 at $0.3332: This is the current resistance level. A breach above this could indicate a potential reversal or at least a pullback within the ongoing bearish trend. Technical Indicators: Relative Strength Index (RSI): The RSI stands at 49.97, hovering just below the neutral 50 threshold, indicating a balance between buying and selling pressures. This neutral stance may shift if external market forces or fundamental changes impact trader sentiment. Moving Average Convergence Divergence (MACD): The MACD line is slightly above the signal line but very close, suggesting a marginal bullish momentum in the short term. However, the proximity of these lines also signals a potential change could be imminent. Volume Analysis: While not explicitly shown, the volume associated with price movements would provide deeper insights. Increasing volume on downtrends confirms bearish strength, while decreasing volume may indicate weakening bearish momentum. Strategic Trading Advice: In my current strategy, maintaining a cautious stance is prudent. I would monitor the S1 level closely for any signs of a breakdown. A decisive close below this support could open positions for a short, targeting further declines. Conversely, any bullish reversal signals, especially a sustained move above R1, would necessitate a reevaluation of the bearish bias, potentially shifting to a more bullish or neutral trading strategy. Conclusion: The CHR/USDT pair presents a complex trading environment where careful monitoring of key technical levels and indicators is essential. The proximity to critical support suggests that the next few trading sessions could be pivotal. As always, incorporating stop-losses and closely watching market developments will be key to navigating this volatile environment effectively.
by MarsSignals
STMXUSDT.1DUpon closely examining the STMX/USDT daily chart, several key technical factors draw my attention, shaping my analytical perspective and trading strategy. Overview of Market Dynamics: The price currently stands at $0.005124, marking a slight decrease of 2.73%. The chart exhibits a series of fluctuations within defined ranges, pointing towards a volatile yet somewhat range-bound market environment over recent months. Trend Analysis: A clear pattern isn’t dominant; however, recent price action below the former support level at R1 ($0.006364) indicates a downward trend has taken hold. The challenge now is to see if the price stabilizes or continues to descend towards the marked support level S1 at $0.003006. Support and Resistance Levels: R1 at $0.006364: Recently breached, this level now poses potential resistance. R2 at $0.008765 and R3 at $0.010842: These are critical upper resistance levels which might come into play should a strong upward reversal occur. S1 at $0.003006: This is the immediate support level that traders should watch closely. A break below could signal a significant bearish move. Relative Strength Index (RSI): The RSI is positioned at 46.73, which is slightly below the neutral 50 mark. This suggests a mild bearish momentum but isn't indicative of extreme conditions, allowing for potential reversal scenarios if market sentiment shifts. Moving Average Convergence Divergence (MACD): The MACD line is marginally above the signal line but approaching a crossover. This potential crossover could either strengthen the bearish outlook if it moves below the signal line or signal a buying opportunity if it stays above. Volume and Market Sentiment: Not explicitly shown on the chart, but volume analysis in conjunction with price action could provide deeper insights into the strength of the current trends and potential reversals. Strategic Trading Advice: Given the current market conditions and technical setup, my strategy would involve a cautious approach to any bullish positions. I would look for stabilization or bullish reversal signals near S1 at $0.003006 before considering long positions. Setting a tight stop-loss just below this support can help mitigate risks should the downtrend continue. For more aggressive traders, monitoring the RSI and MACD for signs of divergence with price might offer early signals of a potential reversal. Any substantial volume increase on bullish days could also provide confirmation needed to initiate a long position. Conclusion: In summary, STMX/USDT presents a slightly bearish short-term outlook with critical junctures at R1 and S1. A strategic approach would involve waiting for clear technical signals of reversal or stabilization. As always, maintaining a disciplined approach to risk management is crucial in navigating such potentially volatile environments.
by MarsSignals
ALTUSDT.1DThe ALT/USDT chart analysis presents a detailed view of the current market scenario, emphasizing various technical indicators and their implications on the potential market movements. Here's a thorough examination of the displayed data: Trend Analysis: The chart exhibits a general downtrend with the price currently at $0.1556, a slight increase by 1.43% from the previous session. The descending resistance line delineated on the chart suggests continued bearish sentiment, restricting any bullish momentum from sustaining. Support and Resistance Levels: R1 at $0.1161: This initial resistance level suggests a near-term target for any bullish reversal. R2 at $0.3048 and R3 at $0.4534: These represent more substantial resistance levels, providing potential future targets should the price momentum shift significantly to the bullish side. Key Support (S1) at $0.1161: Coinciding with R1, this level acts as a critical pivot area. Its role as both support and resistance emphasizes its importance in upcoming sessions. Relative Strength Index (RSI): The RSI at 28.31 indicates an oversold market condition. Typically, this suggests that the market might be due for a reversal or at least a temporary relief rally as sellers might have exhausted their momentum, and buyers could start to see value. Moving Average Convergence Divergence (MACD): The MACD line is marginally below the signal line and very close to zero in the histogram. This configuration implies weak momentum with a bearish bias but also suggests that the market is not experiencing strong downward pressure at the moment. Volume Analysis: While specific volume data isn't shown, volume is a critical factor in confirming any potential trend reversals or continuations. A pickup in volume alongside a price rise could confirm a bullish reversal, whereas low volume may indicate lack of conviction in the move. Strategic Trading Advice: Considering the oversold RSI and the current pricing near a critical support/resistance level (S1/R1 at $0.1161), traders might look for signs of stabilization or a bullish reversal pattern before entering long positions. If entering trades based on this level, setting tight stop-losses just below S1 could help manage risk, especially if the downtrend resumes. If the price begins to rise, approaching R2, the strategy could shift towards capturing gains at higher resistance levels, particularly if accompanied by increasing volume, indicating a stronger bullish sentiment. In conclusion, the ALT/USDT pair shows potential for a bullish reversal given the oversold conditions and the critical pivot at $0.1161. However, traders should remain cautious and look for confirmation in price action and volume to support any trading decisions. Always consider the broader market context and adjust strategies dynamically as conditions evolve.
Long
by MarsSignals
PEOPLEUSDT.1DIn the analysis of the PEOPLE/USDT daily chart, we're observing several crucial technical elements that shed light on potential future movements. The current price stands at $0.0860, which indicates a minor decline in the session. Trend Analysis: A descending trendline has been clearly illustrated, mapping out the resistance experienced from past peaks. This trendline suggests a primary bearish bias in the market. The current price action is beneath this trendline, signaling continued bearish control unless a breakout occurs. Support and Resistance Levels: R1 at $0.10218 and R2 at $0.12280 mark the primary and secondary resistance levels. A bullish momentum that pushes the price above R1 could suggest a shift in market sentiment, potentially testing R2. S2 at $0.03872 represents a significant long-term support. If this level holds, it could serve as a strong base for price stabilization and potentially an upward reversal. Relative Strength Index (RSI): The RSI stands at 40.42, slightly below the neutral 50 mark, indicating a bearish momentum but not yet entering the oversold territory. This positioning suggests cautious bearish pressure without extreme sentiment. Moving Average Convergence Divergence (MACD): The MACD shows a minimal histogram above the signal line but is very close to crossing below it, which could suggest a strengthening of bearish momentum if confirmed in upcoming sessions. Volume Analysis: While volume isn't highlighted on this chart, understanding volume trends in conjunction with these price movements would be beneficial. Typically, decreasing volume during a downtrend might suggest waning selling pressure, possibly leading to a consolidation phase or a reversal if followed by increased buying volume. Strategic Trading Advice: Traders should monitor for any potential breakout above the descending trendline. A confirmed breakout, ideally with increased volume, could invalidate the current bearish scenario and lead to testing higher resistance levels. On the downside, watch the S2 support; a break below this could lead to further declines, therefore, maintaining strict stop-loss orders below S2 would be prudent to mitigate risks. In conclusion, the PEOPLE/USDT pair shows a predominantly bearish outlook with potential for reversal should it breach key resistance levels with supporting volume. Traders should remain vigilant and adapt to the changing market dynamics by using these technical indicators as guides for their trading decisions.
Long
by MarsSignals
UNFIUSDT.1DAnalyzing the UNFI/USDT chart with a meticulous professional eye reveals crucial insights drawn from technical indicators and market psychology. As of the latest update, the price stands at $3.961, exhibiting a modest decline, which requires a strategic interpretation of the technical landscape to forecast future movements effectively. Trend Analysis: The descending trendline, beginning from early June through the most recent price peaks, clearly dictates the dominant bearish sentiment influencing current market behavior. This trendline serves as a critical resistance level that the price must breach to shift market sentiment towards bullishness. Support and Resistance Levels: I've identified several pivotal points: S1 at $2.599 is the key support level which, if breached, could accelerate the downward trend. R1 at $5.105 and R3 at $5.916 serve as major resistance levels. A break above R1 could challenge the bearish scenario, while R3 is a more robust ceiling testing the bulls' strength. Relative Strength Index (RSI): The RSI hovers around 44.51, straddling the line between oversold and overbought territories. This neutrality in the RSI suggests a consolidation phase, yet leaning more towards a bearish bias as it's below the midline of 50. Moving Average Convergence Divergence (MACD): The MACD indicators show a histogram close to zero and a slight bearish signal. This alignment suggests that while the momentum isn’t strongly bearish, there is still underlying weakness in the market. Volume Analysis: Though not explicitly marked on the chart, the volume trends accompanying these price movements would provide additional insights. Typically, declining volume alongside price suggests a lack of commitment among traders, potentially leading to a reversal or continuation of the trend based on upcoming catalysts. Strategic Trading Advice: Given the current setup, I recommend a cautious approach. Traders should monitor the price action near the descending trendline and R1. A decisive close above this trendline with increasing volume could invalidate the bearish outlook, making a bullish strategy viable. Conversely, any rejection at these levels, especially under high volume, would reaffirm the bearish stance, potentially making short positions favorable, especially near resistance levels. In summary, the UNFI/USDT market exhibits a bearish trend with potential for reversal if key resistance levels are breached with significant volume. Traders should stay alert to these technical cues and adjust their strategies dynamically to align with evolving market conditions. Always consider setting stop-loss orders to manage risks effectively in this volatile trading environment.
ULong
by MarsSignals
APE: Will It Finally Stop Bleeding? Bullish Divergence!APE came on the market with a bang, but has been severely underperforming Bitcoin (and most alts) since it's inception on Binance. Very disappointing price action for holders. Nevertheless, there's a small chance that APE has bottomed. On the weekly, there's a strong indication for Bullish Divergence, which could lead to a sizeable move in the coming weeks and months. I'm keeping a tight stop loss and a target at 5$. This will result in a trade with a very good risk-reward of over 23.
Long
by FieryTrading
1
Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago entered a wedge, where it at once rebounded from the resistance line and broke the 63700 resistance level, which coincided with the seller zone. After this, BTC fell to the support line of the wedge and then started to grow and when it reached the resistance line of the wedge in the seller zone, the price turned around and rebounded down to the support line. Then price continued to decline, thereby exiting from the wedge and later even fell lower than the 56500 level, which coincided with the buyer zone. But soon BTC turned around and started to grow inside the upward channel, where it some time later broke the 56500 level and continued to trades near this level. A few moments later BTC made a strong impulse up from this level to the resistance level, thereby exiting from the channel and even recently making a fake breakout of the 63700 level. To this day, the price trades near this level and I think that it can rebound from the resistance level and start to decline. So, I set my TP at 60000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
12
HelenP. I Bitcoin will break trend line and continue to declineHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the resistance zone, which coincided with the resistance level, and made a strong impulse down to the support level, which coincided with the support zone. After this, the price rebounded and some time traded near the support level, after which turned around and dropped to the trend line, thereby breaking the 59000 level. Then price bounced from the trend line and rose to the support zone, but at once rebounded and fell back to the trend line. Next, BTC some time traded between this line and later broke the 59000 level one more time and made a retest. Then Bitcoin continued to grow and in a short time rose to the trend line, broke it, and rose until to the resistance level. But a not long time ago price turned around and started to decline from the 66000 resistance level. So, for this case, I expect that BTCUSDT will reach the trend line, break it, and make a retest. After this movement, BTC can continue to decline, therefore I set my goal at 61000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
USDT DOMINANCE: DO NOT SKIP THIS UPDATE!The USDT Dominance indicates something important; if you are a trader, you must look at this. In this 12-hour chart, the USDT.D has been in a downtrend since early July. It has yet to test the support level ranging between 4.58% to 4.64%. If the dominance reaches down to the support level, we are likely to see BTC hitting $70k and a decent rally in altcoins. Here's the scary part: if the USDT.D rebounds from anywhere close to the support level, be prepared for a heavy crash. I am hoping for a further breakdown rather than a rebound, but time will tell. For now, let's aim for a continuous downtrend toward 4.58%. I hope this helps. Not financial advice. Trade safely. Team Dexter. #USDT #BTC #Crypto
CRYPTOCAP:USDT.D
by Dexter_The_Trader
4
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July. In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks. This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
Short
by FieryTrading
62
HelenP. I Bitcoin can grow higher than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some days ago the price reached the trend line and then at once turned around and started to decline inside the downward channel. In the channel, the price soon dropped to the resistance level, which coincided with the resistance zone and broke it, after which some time traded below and then continued to fall inside the channel. After this movement, the price fell to the support line of the channel, but at once rebounded and rose to the trend line, which is the resistance line of the downward channel also, and rebounded from it. Bitcoin declined to the support line, breaking the 57000 support level, which coincided with the support zone, but soon turned around and made impulse up from this line. After this, the price exited from the downward channel broke the support level again, and now trades near this level. So, I expect that BTCUSDT will correct to the support level and then rebound up higher than the trend line, breaking it. After this, the price can continue to move up, therefore I set my goal at 62000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
BITCOIN - Price can almost reach resistance level and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price bounced from resistance level and later rose a little, after which started to decline in wedge. In wedge, price at once broke $61500 level and fell until to support line of wedge, breaking $55800 level too. But soon, price turned around and bounced up from support line, higher than $55800 level, breaking it again. Then BTC made correction to support line, after which bounced and in a short time rose to resistance line of wedge. Soon, price broke this line, thereby exiting from wedge pattern and continuing to move up to resistance level. Now, I think that BTC can almost reach resistance level and then start to decline to $57000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Volatility period starting around July 15thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (USDT 1M chart) (USDC 1M chart) The key is whether USDT and USDC can continue the gap uptrend. I think the gap uptrend is a phenomenon where funds are flowing in. ------------------------------------- (BTCUSDT 1D chart) The important volatility period is around the end of July, but I think the volatility period is likely to start around July 15th. I think it is likely to turn into an uptrend if it rises above the 59053.55-61099.25 range and breaks out of the short-term downtrend channel. If not, and it moves sideways in the 56K-61K range, it is likely to form a trend after around August 12th. - If it falls below 56150.01, it is likely to touch the M-Signal indicator on the 1M chart. If that happens, it is likely to turn into a downtrend in the long term, so caution is needed. The 56K-61K range is an important range on the 1M chart, so you can start trading depending on whether it supports it or not. Therefore, the key is whether it can rise along the medium- to long-term rising channel. - If it rises above 61099.25, 1st: 64K 2nd: 65920.71-67614.25 The above 1st and 2nd areas are expected to act as resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2