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The main goal of this channel is to share an unbiased opinion on the crypto market from a technical and fundamental point of view. If you like our work, you can support us by sharing our channel with your friends. Link: https://t.me/CryptoExpertSignals
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First target reached in Premium Group!
Message @FutureCryptoXXX if you want to join us in the Premium Group!
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Repost from Crypto Signals
https://t.me/coinchartists
Follow our new channel where we will do only technical analysis.
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Repost from πCoin Chartists π
SOLANA - Weekly TF
Solana is approaching strong long-term support ($19.00-22.00).
We think buying in this area will be a profitable decision and good swing trade.
RSI on a daily timeframe is creating bullish divergence, one more sign that is making this setup even stronger.
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Reason why you are not buying at this generational opportunity level is the same why you did not sell at 60K: greed & fear.
Greed because you think that you can time the absolute bottom.
Fear because you think it can drop further.
Forget about tops and bottoms, focus on strategy. π
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π Bitfinex whales are actively gaining longs.
More than 100,000 BTC open - a historical record. Only 3,000 BTC are open in shorts.
ππ» Longs started gaining back in early May, when the BTC price was around $30,000.
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Estimated leverage on bitcoin continues to grow and already looks menacing.
The next momentum could wash away a huge number of margin traders and draw a giant candle.
Be careful π
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π FOMC Week
Recent employment and inflation data points have given the Fed no reason to pivot from their hawkish stance that has forced widespread risk-OFF since November '21
Currently the market gives a 96% probability that the Fed delivers a 75bps hike on Wednesday.
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Historically Bitcoin price never stayed below the 200W Simple Moving Average (SMA) for more than a week.
Weeks 9/3/20, 10/12/18, 17/8/15, 12/01/15 all had wicks through up to 30% below with a bounce in the week(s) to follow.
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THe whole market if waiting for US inflation report today.
This information will definitelly cause new volatility in the market.
Let's see how new report will affect the markets
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He really is a whale. π³
All his predictions about crypto are absolutely correct.
𧨠Do not miss this opportunity π§¨
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Market indecision continues. Until we get more action in the market, let's make Q&A.
Send me your questions to @FutureCryptoXXX
