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π₯BTC Quick update
- Bad news:
+ BTC seems to move as shown
- Good news:
+ BTC.D is breaking the upward trendline => Altcoins will not fall sharply anymore
+ Altcoins will likely accumulate for 1-2 months before continuing to grow!
+ Bullish coming soon!β
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π₯BTC mini update
- In the previous article, I announced that it would be a bad signal if BTC closed below 60,000 USD. That seems to be happening now
- BTC's current resistance level will be in the 63000-65000 area
- 1st support in the 52000-54000 zone
- The second support is in the 42000-45000 zone
If BTC closes around 59,000 or below today, there is a high possibility that it will move towards the support areas below.
This is not a good signal for people holding Altcoins at present. But it is a healthy adjustment rhythm if BTC wants to continue growing in the final months of 2024 and 2025.
Long term vision: BTC will still reach the 80000-100000 range, so correction is necessary!β
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#pepe/usdt exhibits a bearish structure on the 4-hour timeframe, despite clearing important resistancesπ¨βπ»
The potential target for the bearish move is $0.00000460π―
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π£ #XLM/USDT analysis-
Stellar has broken out from a mid-term descending channel, with the breakout being confirmed by a successful retest of the channel resistance.
Following the confirmed breakout, anticipate a rise towards the $0.4 level
β
Targets: 0.15; 0.4; 0.76
#xlm #analytics #crypto #signal
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π£ #BTC/USDT analysis-
The daily Relative Strength Index is attempting to break a descending resistance that has been in place since March
Previous instances of such breakouts have led to notable bullish reversals lasting 1 to 4 months, with gains of around 70% to 80%
β If the current breakout is confirmed, it could push Bitcoin toward $100,000 per coin
#bitcoin #analytics #crypto #signal
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βΊ Inflows to BTC ETFs have resumed!
As I said before, it was just a correction and manipulation of big players, you should not panic!
Total inflows for May 3 into the BTC ETF totaled $378 million. The week of outflows has been interrupted and BTC is trading at $63k.
It was just a mild shakeout that had to be sat through π€
π° BTC = $63,837πΌ
π° ETH = $3,136πΌ
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π¨OCEAN/USDT : 1D
$OCEAN is currently in an uptrend, making new highs and finding support above the 200 EMA. Although the price is currently in a correction phase, it is expected to break out of this phase soon. For a long entry, wait for the price to bounce back from the 200 EMA and break the $0.9869 level, following a trendline breakout. The previous swing high can be a potential target level to aim for.
Buy : $0.9869
TP : $1.6423
SL : $0.7032
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π° Bitcoin showed an impulse breakout of $62000+, gathering another batch of liquidity from above. Will the growth be able to continue further?
I advise not to be greedy and somewhere here to make the first fixing of profits on BTC and ETH longs. Stops on positions can be converted to a small plus.
βΊ Although everything looks unambiguously positive at the moment, the manipulator should not be underestimated!
I continue to monitor the situation, and if I see something interesting and important - you will be the first to know!
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π£ #PEPE/USDT analysis-
Token is forming a similar breakout structure to the one previously observed before a massive pump π°
Significant upside movement is imminent
β
Target: 0.00002
#pepe #analytics #crypto #signal
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RSI on 3-day chart has shown the same Pattern which repeats the first 2/3 part of previous moves - Double tops with Breakdown the low.
After a period of time correcting the overbought, BTC$BTC will send up higher again. π
Looks like we've hit bottom and bitcoin is already recovering!
π° BTC = $59,328πΌ
π° ETH = $2,977πΌ
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The current BTC price is the average purchase price of the Spot Bitcoin ETF buyers, ~$57K to ~$58K
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π°The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!
BitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin.
Through this, users gain access to minting bitUSD and engaging in DeFi activities, all under the security of Bitcoin.
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#BlackRock sold their #BitcoinETF for the first time! π¨
Outflow: -$36.93 Million
On May 1st, a total of -563.77 Million in outflows was reported.
Not great news for the Bull market π€·ββοΈ
