This chart presents Bitcoin's (BTC/USD) price action on a 30-minute timeframe. Here’s a detailed breakdown of the analysis: ### Key Observations: 1. **Downtrend Formation**: - A clear descending trendline (black) indicates sustained bearish momentum. Each price rally has been rejected at lower levels, forming lower highs. 2. **Significant Support and Resistance Zones**: - **Pink Zone (Resistance at $101,880 - $102,602)**: - This area acted as a strong rejection zone multiple times, confirming it as a resistance level. - **Green Zone (Resistance at $99,011 - $99,316)**: - This zone represents a secondary resistance level where price failed to break above after retracing from the downtrend. - **Blue Zone (Support at $92,628 - $93,600)**: - A strong demand zone where buyers stepped in, shown by the large wick indicating rejection of lower prices. 3. **Price Action at Key Levels**: - The price broke below intermediate support at $94,496, signaling increased selling pressure. - The recent bounce off the blue zone suggests strong buyer interest at these levels. 4. **Volume Analysis**: - While not shown, areas of long wicks (e.g., blue support zone) often indicate high trading activity, implying accumulation. 5. **Bearish Continuation Indicators**: - Rejection at the green zone and continued interaction with the trendline supports the bearish structure. - Lower highs and lower lows dominate, reflecting sellers' control. ### Potential Scenarios: 1. **Bearish Case**: - If price fails to break above $96,194 or the descending trendline, it is likely to retest the $94,496 level and potentially head back to the $92,628 - $93,600 support zone. - A break below $92,628 could trigger further downside momentum. 2. **Bullish Case**: - For bullish recovery, price must break the trendline and reclaim $96,194. - Stronger confirmation would come from breaking the $99,011 - $99,316 resistance zone. ### Suggested Actions: - **For Short Positions**: - Consider entering around the descending trendline or resistance levels ($96,194 or $99,011), with a target toward $94,496 or the blue support zone. - **For Long Positions**: - Watch for a confirmed breakout above $96,194 with a retest as support, targeting $99,316.
The The traditional-PBT Has been doing great with BTC Lately, I came across a 3PB On the Daily and I'm taking My chances on it. The PBT is a Self Taught strategy I been developing and creating until its been mastered and becomes 2nd Nature to me Before Sharing the Fine Details with teh World !!.
What people are missing about #MANTRA's updated tokenomics: - Lower inflation (3%) - Enhanced anti-sybil - Team vesting AFTER community This isn't about the short term. It's about building infrastructure for mass #RWA adoption. And we're just getting started... ? NASDAQ:OM ? $10
EURNZD Price will Continually Trading Movement . The price will move as Bearish setup As based on the market conditions here long buy size so any way price will drop and move to Support Zone. Current Price 1.84500 1st Support Zone 1.83020 2nd Support Zone 1.81500 You may find more details in the chart. PS Support with like and comments for more insights Thanks you.
IMO, to everyone stressing about vesting: ☑️MANTRA is positioning for a $100B+ ☑️RWA market Team tokens locked till 2027 ☑️Inflation cut to 3% ☑️Growing developer interest ☑️Strong tokenomics foundation $10 NASDAQ:OM isn't hopium, it's math ? The real ones know ? #CryptoNews #NFA #MANTRA #Binance
As an NASDAQ:OM investor, the thing that impresses me most? The #MANTRA team's focus is on doing things RIGHT, not FAST. New tokenomics show exactly that. Building trust > quick pumps This is how you create lasting value
On October 22, I published this chart, and many were skeptical about what I was talking about. "I share it and u can check the link i left in attachment." Now, this scenario is highly likely, and everything is unfolding as shown in the chart below. You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided. Currently, the price has returned to the distribution zone, hitting the "failed rally point" . All of this appears to have been a trap. And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism. I’m not entirely pessimistic, but I view things from a purely logical perspective. This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic. If a close below this red zone happens, consider it a signal to exit the market entirely."
Eth pair has formed a double top pattern and broke the neckline Retested and got rejected so we're in a short (sell) position our take profit will be the 0.76 fib retracement which will be our support zone once it get reject we can enter a long position with targeting a new high Follow us for more updates on pairs
Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world. The two technologies promised billions of dollars in revenue — and a new pathway for automakers to make money beyond building and selling cars.  Those VC-money-printing days have been over for AVs for a while now, with a few […] © 2024 TechCrunch. All rights reserved. For personal use only.
One of 2024’s biggest success stories has been Marvel Rivals, a third-person PVP shooter starring Marvel heroes and baddies. The game has already picked up over 20 million players and shows no signs of stopping. Which is cool but also very surprising!Read more...