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1 771
Repost from Crypto VIP News ποΈ
#BTC/USDT ANALYSIS
Bitcoin remains within a descending broadening wedge pattern after sweeping liquidity below it. Currently, it is rebounding off the support trendline.
The 200 MA and the Ichimoku Cloud are both serving as resistance above the current price action. A solid breakout from the pattern is anticipated soon, which could lead Bitcoin to reach a new high.
1 771
Repost from Crypto VIP News ποΈ
#BTC/USDT ANALYSIS
Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline.
The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum.
Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory.
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In the past 24 hours , 2,13,305 traders were liquidated , the total liquidations comes in at $827.23 million
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Repost from VIP Results/Proofs Channel
+6
#SLEEPLESSAI +689%π₯
#SHIB +830%π
#SUSHI +351%β
#SLP +354%π°
#ZRX +876%π₯
#VGX +221%π
#SXP +364%π
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Repost from Crypto VIP News ποΈ
# | Coin | Price | Cap | 24h%
1 BTC $53,925 $1.06T -11.41%
2 ETH $2,263 $272.34B -22.46%
3 USDT $1.00 $114.32B -0.09%
4 BNB $444.05 $64.78B -16.04%
5 SOL $127.52 $59.44B -12.06%
6 USDC $1.00 $33.30B -0.04%
7 XRP $0.470 $26.30B -15.59%
8 STETH $2,243 $22.06B -23.13%
9 TON $5.36 $13.56B -10.99%
10 DOGE $0.0900 $13.22B -16.29%
1 771
Repost from Crypto VIP News ποΈ
Crypto Market Stats π
Market Cap: $1,958,693,330,537
BTC Dominance: 54.33%
24h Volume: $240,775,952,688
1 771
Repost from Crypto VIP News ποΈ
π° Recent News in Cryptoπ₯
Crypto Market Rout Resumes as Equities Trading Briefly Halted in Japan
15 minutes ago via decrypt.coβ‘
The market tomorrow
35 minutes ago via unusual_whalesβ‘
Jump Crypto unstakes $315M of ETH, now headed to exchanges
36 minutes ago via cointelegraph.comβ‘
24,009,969 #XRP (11,359,095 USD) transferred from #Binance to unknown wallet
47 minutes ago via whale_alertβ‘
23,680,816 #XRP (11,203,373 USD) transferred from #Binance to unknown wallet
47 minutes ago via whale_alertβ‘
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2024-8-06 - ELF Aelf v.1.10.0 Upgrade
2024-7-01 - FIL Dev Guild Cohort Program
2024-8-06 - STORJ PartnerSummit in Nashville, USA
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Repost from N/a
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#KSM/USDT All take-profit targets achieved π
Profit: 149.1974% π
Period: 6 Hours 56 Minutes β°
1 771
Repost from N/a
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SAND/USDT All take-profit targets achieved π
Profit: 58.746% π
Period: 6 Hours 42 Minutes β°
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Repost from Crypto VIP News ποΈ
#BTC/USDT ANALYSIS
Following the breakdown of the rising wedge pattern, the price has experienced a downward movement and is currently trading below the Ichimoku Cloud, indicating a potential for further decline.
The presence of a CME gap between the 60,845 and 58,790 levels suggests that the market may seek to fill these gaps before establishing a new direction.
Historically, once such gaps are filled, the market often experiences a reversal, which in this case could lead to a strong bullish rally.
1 771
Repost from N/a
β‘ #1000PEPE/USDT
π€ Long
πΉ Buy: 0.009211 - 0.009000
π§Ώ Target: 0.009300 - 0.009402 - 0.009530 - 0.009626 - 0.009722 - 0.009819
𧨠StopLoss: 0.008800
π Leverage: 20x
1 771
Repost from Crypto VIP News ποΈ
#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the resistance trendline of its channel and is trading within the Ichimoku cloud. We might anticipate a bounce from this level. However, if Bitcoin breaks below the Ichimoku cloud, further market correction could occur.
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