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USDT-D

Bitcoin Downtrend Confirmed: What's Next?Bitcoin has been falling off hard over the last couple of days. While we're currently trading almost 10% above the 53.4k lows, the downtrend has been established and BTC bulls are losing the fight in the short-term. In my view, BTC has confirmed a longer-term downtrend by making a lower-low (56.7k was the previous low, blue line) and by falling through the 200-day SMA. Yes, I can see us bounce a bit further because of indicators being very oversold, but I'm not expecting a new all-time high anytime soon. My current most likely scenario is a move towards the dotted purple support over the next 2-3 months and a bullish reversal in Q4. How do you seen BTC perform? Share your thoughts.
Short
by FieryTrading
16
DOGE/USDT Bullish Breakout PredictionDaily DOGE/USDT Analysis In the daily chart of Dogecoin against Tether (DOGE/USDT), the price has been moving within a descending wedge pattern. Recently, the price made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 7.05% increase, there is a strong possibility of a breakout from this pattern upwards. Technical Analysis: Descending Wedge: Dogecoin has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggest a potential upward breakout. Relative Strength Index (RSI): The RSI is at 37.69, indicating that Dogecoin is near oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that Dogecoin will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.22888. This presents a good buying opportunity with significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie
DEGEN/USDT Breakout PredictionDaily DEGEN/USDT Analysis In the daily chart of DEGEN against Tether (DEGEN/USDT), the price has been moving within a descending wedge pattern. Recently, it made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 4.33% increase, there is a strong possibility of a breakout from this pattern. Technical Analysis: Descending Wedge: DEGEN has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggests a potential upward breakout. Relative Strength Index (RSI): The RSI is at 27.47, indicating that DEGEN is in oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that DEGEN will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.065096. This presents a good buying opportunity with a significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie
SHIBUSDT.1DUpon analyzing the daily chart for SHIB/USDT, I have identified several critical elements that provide insight into the current market condition and potential future price movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.00001057, this level has been a significant support zone. It marks a crucial floor that, if breached, could signal further declines. Resistance Level 1 (R1): Positioned at $0.00002019, this is the immediate resistance level. A break above this could indicate the start of a bullish correction. Resistance Level 2 (R2): Located at $0.00003000, this higher resistance level would be a more extended bullish target. Trend Indicators: The descending trendline marked by R1 and R2 highlights the overall bearish trend. A break above this trendline would be a strong indicator of a potential trend reversal. The recent price action shows the price testing lower support levels, indicating persistent selling pressure. RSI (Relative Strength Index): The RSI is currently at 39.62, suggesting that while the asset is not in the oversold territory, it is approaching levels where a reversal could be expected if buyers step in. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, and the histogram is negative, indicating ongoing bearish momentum. However, the MACD lines are flattening, which could suggest a potential reduction in bearish momentum and an upcoming crossover. Conclusion: The SHIB/USDT pair is at a critical juncture, testing significant support at $0.00001057. The RSI nearing oversold levels and the flattening MACD suggest the possibility of a short-term rebound. However, the prevailing bearish trend underlined by the descending trendline and MACD requires caution. For trading strategies, one could wait for a confirmation of reversal signals, such as a bullish RSI divergence or a MACD crossover. A break above the immediate resistance at $0.00002019 would provide a stronger confirmation for a bullish reversal, targeting $0.00003000. Conversely, a break below the support at $0.00001057 would indicate further downside, necessitating close monitoring for new support levels. Implementing risk management strategies, such as setting stop-loss orders just below the support levels and taking profits near resistance levels, is crucial in managing potential risks and optimizing gains in such a volatile market. Monitoring external market factors and news that could influence price action is also essential.
by MarsSignals
FTMUSDT.1DUpon analyzing the daily chart for FTM/USDT, several key technical elements provide a detailed view of the current market dynamics and potential future movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.2958, this level has been significant in providing a floor for the price action. Its strength as a support level will be tested if the price continues to decline. Resistance Level 1 (R1): Positioned at $0.4435, this level represents the immediate resistance. Overcoming this level could indicate the beginning of a bullish correction. Resistance Level 2 (R2): Located at $0.6066, this higher resistance level would be the next target in a sustained bullish movement. Trend Indicators: The downward trend indicated by the red trendline shows a bearish dominance in recent price action. The green arrow suggests a possible reversal if the price can break above this trendline. The overall trend has been bearish, with consistent lower highs and lower lows. RSI (Relative Strength Index): The RSI is at 37.79, which is close to the oversold territory. This indicates that the selling pressure might be overextended, and a reversal or consolidation phase could be imminent. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, and the histogram is negative, indicating continued bearish momentum. However, the flattening of the MACD lines suggests a potential slowdown in bearish momentum. Conclusion: The FTM/USDT pair is currently navigating near a critical support level at $0.2958. The proximity of the RSI to oversold levels indicates that a potential rebound could be on the horizon. However, the bearish sentiment confirmed by the MACD suggests caution. Potential trading strategies could include waiting for a clear breakout above the downward trendline (R1) with confirmation from volume and other indicators like a bullish MACD crossover. A successful breakout above $0.4435 could target the next resistance at $0.6066. On the downside, a break below $0.2958 would suggest further declines, and traders should monitor for new support levels. As always, implementing risk management strategies such as setting stop-loss orders just below support levels and taking profit near resistance levels can help mitigate potential risks and optimize gains. Monitoring market conditions and external factors that could influence price movements is also essential.
by MarsSignals
CREAMUSDT.1DUpon examining the 4-hour chart of CREAM/USDT, I notice several pivotal technical factors that offer a comprehensive understanding of the current market situation and potential future price movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $39.85, this level has acted as a crucial support and a possible floor for the recent downward movement. A failure to hold this support could lead to further declines. Resistance Level 1 (R1): Located at $65.00, this level will serve as the first major hurdle for any bullish correction attempts. Resistance Level 2 (R2): At $87.98, this higher resistance level marks a significant recovery target in a more extended bullish scenario. Trend Indicators: The price has been in a clear downtrend as marked by the descending price action. The support at S1 will be critical to watch for any signs of reversal. The price action between the support and resistance levels indicates a range-bound movement, where traders should watch for breakouts or breakdowns from this range to determine the next major move. RSI (Relative Strength Index): The RSI is at 36.00, suggesting that while the asset is not yet in the oversold territory (below 30), it is close. This could indicate potential for a further drop but also suggests that we are approaching levels where buyers might start to come in. MACD (Moving Average Convergence Divergence): The MACD is below the signal line, and the histogram is showing negative values, indicating bearish momentum. However, the lines are flattening, which could hint at a potential slowdown in bearish momentum and a possible upcoming crossover. Conclusion: The CREAM/USDT pair is currently testing a significant support level around $39.85. The proximity of the RSI to oversold levels and the flattening of the MACD suggest that we may be nearing a point of reversal or at least a short-term consolidation. However, the prevailing bearish sentiment underscored by the MACD means caution is warranted. For potential trading strategies, I would look for a confirmation of a reversal signal at the support level, such as a bullish divergence on the RSI or a MACD crossover. If the price breaks above the immediate resistance at $65.00, it could signal the start of a bullish trend, with a target towards $87.98. Conversely, a decisive break below $39.85 would suggest further downside, and monitoring the price action closely for new support levels would be essential. Risk management remains crucial in such volatile conditions. Setting stop-loss orders just below key support levels and taking profit near resistance levels can help manage potential risks and optimize gains.
Long
by MarsSignals
ENJUSDT.1DAnalyzing the ENJ/USDT daily chart, several key technical elements stand out, offering a detailed perspective on the current market conditions and potential future movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.1351, this level has been tested multiple times and has held as a significant support. A break below this could signal further downside. Resistance Level 1 (R1): Located at $0.2696, this level represents the immediate resistance and a potential target for any bullish correction. Resistance Level 2 (R2): At $0.3995, this higher resistance level marks a more substantial recovery target if the price can break above R1. Trend Indicators: The green trendline, slightly ascending, has been serving as a support line. Its validity and strength will be tested if the price continues to hover near it. The descending red arrows indicate the overall bearish trend that has been dominating the price action recently. RSI (Relative Strength Index): The RSI stands at 21.52, indicating that the asset is heavily oversold. This suggests that a potential reversal or at least a consolidation phase might be on the horizon as buyers look to capitalize on the undervalued conditions. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, and the histogram indicates ongoing bearish momentum. However, the MACD's flatlining suggests that bearish momentum might be weakening, potentially setting the stage for a reversal. Conclusion: The ENJ/USDT pair is currently navigating through a critical phase. The strong support at $0.1351 is a key level to watch. Given the heavily oversold condition indicated by the RSI, a short-term rebound might be in play. However, the overall bearish sentiment underscored by the MACD means that any bullish moves could be limited unless accompanied by significant volume and momentum changes. For a more secure entry, I would look for a confirmation of reversal signs, such as a bullish divergence in the RSI or a bullish crossover in the MACD. If the price manages to break above the immediate resistance at $0.2696, it could open the door for a move towards the higher resistance at $0.3995. Conversely, a decisive break below $0.1351 would suggest further downside, necessitating close monitoring of price action for new support levels. As always, prudent risk management is essential. Setting stop-loss orders below key support levels and targeting profits near established resistance levels can help manage potential risks and optimize gains in such a volatile market environment.
Long
by MarsSignals
ETHUSDT.1DIn my analysis of the ETH/USDT daily chart, I've identified several critical elements that define the current state and possible future direction of Ethereum’s price action. Technical Analysis Observations: Chart Patterns and Key Levels: Triangle Pattern: The price has been consolidating within a symmetrical triangle pattern, which generally indicates a period of indecision among traders. The apex of this pattern is approaching, suggesting that a breakout is imminent. Support (S1 and S2): S1 at $2,112.62: This level is crucial as it represents the lower boundary of the triangle. A break below could signal a significant bearish movement. S2 at $2,500.00: This round number has psychological importance and may act as a minor psychological support if S1 breaks. Resistance (R1 and R2): R1 at $2,837.73: This is the upper boundary of the triangle. A breakout above could indicate bullish momentum. R2 at $4,134.34: This represents a historical high and a long-term target in a bullish breakout scenario. Indicators: RSI (Relative Strength Index): Currently at 25.93, the RSI is deep in the oversold territory, suggesting that the market could be underpricing ETH, which may lead to a potential rebound or at least a stabilization of prices. MACD (Moving Average Convergence Divergence): The MACD is below the signal line and the histogram indicates increasing bearish momentum. This could signify that despite the oversold condition, the market might still see further declines. Conclusion: The ETH/USDT pair is at a critical juncture with its price consolidating within a triangle pattern. The proximity of the RSI to oversold levels hints at a possible upward correction, especially if it coincides with a breakout above the triangle's upper trend line (R1). However, the bearish bias indicated by the MACD suggests that any bullish moves could be short-lived unless there is a significant shift in market sentiment or external market drivers. Given the current setup, my approach would be to watch for a clear breakout of the triangle pattern, accompanied by an increase in volume, which would provide a more reliable signal for either a long or short position. A break above R1 could target R2, while a breakdown below S1 might test the $2,500 psychological level before moving to deeper supports. As always, setting appropriate stop losses and taking profit levels is crucial to manage risk in such volatile conditions.
by MarsSignals
1
BNBUSDT.1DAnalyzing the BNB/USDT daily chart, I observe key aspects that delineate the current technical posture and potential future movements of the asset. Technical Analysis Observations: Support and Resistance Levels (S1, S2, R1, R2): Support Level 1 (S1) at $359.5 acts as the immediate floor for the price. This level previously functioned as a strong support, suggesting a potential area where buyers might re-enter. Support Level 2 (S2) at $202.0 represents a significant historical support level and a crucial psychological barrier. Resistance Level 1 (R1) at $521.2 and Resistance Level 2 (R2) at $644.8 serve as key thresholds that the price must surpass to confirm any bullish momentum. Trend Indicators: The green trend line, ascending from the left lower corner, has been acting as a dynamic support. A break below this line could signal a shift in the underlying bullish sentiment to bearish. RSI (Relative Strength Index): The RSI is currently at 24.80, well into the oversold territory. This suggests that the asset may be underbought, potentially setting the stage for a bullish reversal if other conditions align. MACD (Moving Average Convergence Divergence): The MACD is below the signal line, and both are trending downwards, indicating strong bearish momentum. The spread between the MACD and the signal line, along with a deepening histogram, further confirms the bearish sentiment. Conclusion: From my analysis, BNB/USDT is currently in a precarious position, hovering near a critical support level at $359.5, underpinned by an oversold RSI. This suggests a possible area for a reversal; however, the prevailing bearish momentum highlighted by the MACD advises caution. Potential strategies could include preparing for a buying opportunity if a bullish reversal signal is observed at the support level, especially if there is a bullish crossover in the MACD or an upturn in the RSI above the oversold region. Conversely, a break below $359.5 could open the door to further declines towards $202.0, in which case, defensive strategies such as stop-loss orders would be crucial. Investors should remain vigilant, watching for increased volume or news that could influence price action. As always, it's critical to complement technical analysis with sound risk management practices to mitigate potential losses in such a volatile environment.
by MarsSignals
OMNIUSDT.1DAs I analyze the daily chart of OMNI/USDT, several technical indicators and patterns emerge, providing a comprehensive view of the current market scenario. Technical Analysis Observations: Trendlines and Chart Patterns: The descending trendline marked by the red arrows clearly indicates a bearish momentum over the past few weeks. This trendline is crucial as a potential resistance in any short-term bullish reversals. The presence of a broadening wedge, typically considered a reversal pattern, suggests that we could see a shift in the current trend if the price breaks above the trendline. Support and Resistance Levels (S1, R1, and R2): The support level (S1) at approximately $10.60 is critical, representing the recent lows and a potential turnaround point if the price stabilizes or bounces back from this level. The first resistance level (R1) near $12.58 will be the immediate hurdle for any bullish momentum. A longer-term resistance level (R2) is identified at $18.84, which would be a significant target in a bullish scenario. RSI (Relative Strength Index): The RSI currently reads around 35.40, indicating that the asset is nearing the oversold territory but not quite there yet. This suggests there might be room for further downside before a strong buy signal is established. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line and trending downward, reinforcing the bearish momentum seen in the price action. The histogram also continues to decline, supporting this view. Conclusion: The technical analysis of OMNI/USDT points to a predominantly bearish trend underpinned by strong resistance and bearish indicators like MACD. The current patterns and levels suggest caution for buying at this stage unless a clear reversal pattern is confirmed. Investors should look for potential bullish signals, such as a decisive break above the descending trendline or an RSI movement out of the oversold region, which could indicate a shift in momentum. It's also advisable to monitor any increase in trading volume, which can precede significant price movements. Considering these factors, my strategy would be to watch for a breakout above the trendline for a possible entry point, keeping a close eye on the RSI and MACD for changes in momentum. Patience and confirmation of trend reversal through additional bullish indicators would be key before initiating any significant positions.
by MarsSignals
HARDUSDT.1DExamining the daily chart for HARD/USDT, I observe a marked decline in price which appears to have recently stabilized. The critical technical indicators and chart patterns provide insights that are valuable for potential trading strategies. Technical Analysis Breakdown: Support and Resistance Levels (S1 and R1): The established support level at $0.06295 represents a significant area where the price has shown a tendency to stabilize. This could be a pivotal point for the asset, suggesting a possible floor where buyers come in. The resistance at $0.1868 marks a clear upper boundary that has been tested in the past but not decisively broken through. This level is key for a potential bullish momentum shift. Trend Indicators: The trendline indicated by the green arrow suggests anticipation of a potential upward movement should the price find enough buying pressure to rebound from the support. RSI (Relative Strength Index): The RSI stands at 27.71, which is near the oversold territory (below 30). This usually indicates that the asset may be undervalued, and there might be a potential buying opportunity if other indicators align. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are trending downward, which historically suggests bearish momentum. However, the decreasing distance between the MACD and the signal line could hint at weakening bearish momentum. Conclusion: The HARD/USDT pair is currently at a crucial juncture. The support level holds significant importance, as a sustained price above this level could indicate accumulation and a potential reversal in trend. The oversold condition indicated by the RSI further supports this potential for a bounce back. However, the bearish trend indicated by MACD requires cautious observation for any signs of reversal before considering entry. For potential investors or traders, closely monitoring the price action around these levels and waiting for confirmation of trend reversal through indicators like RSI divergence or a bullish MACD crossover could provide a safer entry point. As always, it is essential to consider external market factors and news that could influence price movements and ensure any trading decisions are supplemented with appropriate risk management strategies.
Long
by MarsSignals
STMXUSDT.1DAnalyzing the daily chart of STMX/USDT, it's clear that the market has experienced significant volatility over the past year. The price has repeatedly tested resistance and support levels, indicating a battle between buyers and sellers. Technical Analysis Observations: Support and Resistance Levels (S1 and R1): The support level at $0.00317 is crucial as it marks the low from the recent downtrend. If this level holds, it may serve as a springboard for a potential reversal. The immediate resistance at $0.006591 poses a challenge for any upward movement. Breaking and sustaining above this level could signal a stronger recovery in price. Trend Indicators: The downward trend arrow indicates a prevailing bearish sentiment. However, the green arrow pointing upwards suggests a possible reversal if the market can sustain positive momentum. RSI (Relative Strength Index): The RSI is currently near the 30-40 range, indicating that the market is nearing oversold conditions. This could attract buyers looking for value, potentially aiding in a price reversal. MACD (Moving Average Convergence Divergence): The MACD histogram shows a decrease in bearish momentum, which could be a precursor to a bullish crossover in the MACD lines. This would further support the case for a potential bullish reversal. Conclusion: The STMX/USDT pair is at a critical juncture. The proximity to key support levels, combined with indicators suggesting a slowdown in bearish momentum, presents a potential for reversal. However, the resistance level at $0.006591 will be pivotal. A break and hold above this level could confirm a bullish trend reversal, while failure to overcome it might see the price retesting or breaking below support. As always, it's prudent to monitor the market for any changes in volume and price action that could affect this outlook. Investors should also consider macroeconomic factors and market sentiment, which play significant roles in cryptocurrency dynamics.
Long
by MarsSignals
Bitcoin can decline a little more and then make impulse upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price started to decline inside the downward channel, where it some times traded near the 64600 resistance level, which is located inside the seller zone, and later bounced up to the channel's resistance line. After this movement, BTC rebounded from the resistance line and quickly fell lower than the 64600 level, breaking it, after which some time traded below this level and then dropped to the support line of the channel, which coincided with the current resistance level with the resistance area. Then the price started to grow and in a short time rose to the resistance line of the downward channel and left it, after which tried to grow more, but failed and quickly declined to the 59100 level. Also recently, the price broke this level, and made a retest, and at the moment, the price felling lower even than the resistance area. In my opinion, BTC can decline to 56k points, after which the price will turn around and make a strong upward movement to the resistance level. Then it can break resistance level and continue to move up, so, that's why I set my TP at 61000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
HelenP. I Bitcoin can continue to decline to $50K pointsHi folks today I'm prepared for you Bitcoin analytics. Some time ago price entered to consolidation, where it at once rebounded from resistance 1, which coincided with the resistance zone, and started to grow to resistance 2, which is the top part of the range. After the price reached this part, it little declined and some time traded near, after which backed up to resistance 2 and started to decline near the trend line. Bitcoin in a short time declined to resistance 1 and made a fake breakout, after which turned around and rebounded up, thereby breaking the trend line. But soon, the price turned around and made a strong impulse down, thereby exiting from consolidation and breaking resistance 1 with the trend line again. Just now, BTC continues to decline, so, I expect that BTCUSDT will make a small movement up to the trend line, but not reach it, after which turn around and continue to decline. Therefore I set my goal at 50000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
Bitcoin (BTC): Fist Target Reached - Waiting For 200EMA to BreakNow that our first target has been achieved nicely, we are looking for another movement here, which is a test to 200 EMA (potentially breaking it and moving to $50K zones). First, what we are looking for is the re-test of the broken 100EMA, which should happen this week. After most indicators stabilize (RSI + Bollinger Bands), we can start the test of the 200EMA, which is the next big zone that needs to be broken! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
1
Technical Analysis of Harmony ONE/USDTTechnical Analysis of Harmony ONE/USDT Chart Patterns: Falling Wedge: There is a prominent falling wedge pattern indicating a potential reversal. The price is nearing the apex of the wedge, suggesting an impending breakout. Rectangle and Triangle: Within the larger pattern, there are smaller formations like a rectangle and a triangle that hint at periods of consolidation and breakout opportunities. Support and Resistance Levels: Immediate Support: Around 0.00863 USDT, as marked on the chart. Immediate Resistance: Approximately at 0.01000 USDT. Target Zones: Multiple target zones are marked, indicating potential price levels to watch for after a breakout. These zones range from 0.015 to 0.035 USDT. Indicators: VWMC Cipher B Divergences: Suggests potential bullish divergence, indicating a possible upward movement. RSI (Relative Strength Index): Currently around 22.23, which is in the oversold territory, suggesting a potential upward correction. Stochastic RSI: Also in the oversold territory, reinforcing the RSI signal. Trading Plans Intraday Trading Entry Point: Look for a breakout above the immediate resistance at 0.01000 USDT. Confirm this with increasing volume. Stop Loss: Place a stop loss just below the support level at 0.00863 USDT. Target: Initial target at 0.015 USDT. Adjust stops to break even once the price reaches halfway to the target to secure profits. Scalping Entry Point: Enter trades at small retracements within the larger patterns. For example, when the price dips towards the lower boundary of the triangle or rectangle. Stop Loss: Tight stop loss around 1-2% below the entry point to minimize losses. Target: Small gains around 2-3% per trade. Exit positions quickly to lock in profits, considering the high volatility of scalping. Swing Trading Entry Point: Enter long positions at the lower boundary of the falling wedge pattern or on confirmation of a breakout above the wedge. Stop Loss: Place a stop loss below the recent swing low, which is around 0.00863 USDT. Target: Longer-term targets based on the marked target zones, aiming for 0.020 USDT and 0.025 USDT. Trail stops to protect profits as the price moves in favor. Conclusion and Advice for Long Position Given the current technical setup, Harmony ONE/USDT appears to be at a critical juncture. The falling wedge pattern combined with oversold indicators (RSI and Stochastic RSI) suggests a high probability of a bullish breakout. Advice: Patience is Key: Wait for confirmation of a breakout above 0.01000 USDT with strong volume before entering a long position. Risk Management: Always use stop losses to protect against unexpected market moves. Monitor Indicators: Keep an eye on RSI and Stochastic RSI for potential overbought signals as the price moves higher, indicating potential exit points. Long-Term Position: Consider building a long-term position if the price breaks and holds above 0.01000 USDT with significant volume, targeting higher resistance levels as marked on the chart. This analysis provides a comprehensive approach to trading Harmony ONE/USDT across different strategies. Always adapt your trading plan based on real-time market conditions and updates.
Long
by elfabiiani
Important USDT Dominance Update!The USDT Dominance is once again reaching out to test the resistance level. As mentioned, USDT.D must stay below the 5.20% resistance level. A breakout and close above this will invalidate the market's ability to pump. On the other hand, a rejection will give room for the market to breathe. There are 12 hours left for this daily candle to close, and the next daily candle must be rejected. Trade safely. Do your own research before investing. Regards, Team Dexter. #USDT
CRYPTOCAP:USDT.D
by Dexter_The_Trader
7
Bitcoin Bearish MACD Cross: Is The Cycle OVER?In this analysis I want to shed some light on the fact that the 2-week Bitcoin MACD is likely going to make a bearish cross soon. Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020. I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them. Not calling for a huge drop yet, but this signal is definitely one for the bearish. Interested to hear your thoughts about this!
INDEX:BTCUSDShort
by FieryTrading
10
Bitcoin can make correction to support level and then bounce upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago entered to the range, where it some time traded near the resistance level, which coincided with the seller zone and then rebounded up to the top part of the range. After this movement, the price turned around and quickly declined to the 67600 level, and later broke it, thereby exiting from the range also and continuing to decline inside the downward channel. Inside the channel, the price fell until to the support level, which coincided with the buyer zone, and then made a fake breakout of this level, thereby exiting from the channel. After this, the price tried to grow, but soon turned around and fell back to the 60200 support level. But a not long time ago price turned around and started to grow, so, at the moment I think that BTC can make a correction to the support level again and then turn around and continue to grow. For this case, I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15