finally a breakout and 3400 points. this is the power of sentiment so does the indicator (which is paid by the way). good things shouldn't be free. awesome move and still signal on.
There are much profitable business in a local cheap price. There are long-term channel, now we are in bottom. after 1-2 years we can reach the top again
We can attempt to buy REZUSDT from specified level as it make double bottom , also bullish divergence occur indicate that it moves upward. SL , TP mention in chart
Daily structure. Two possible scenario. If price close above 0.0089. Can entry at horizontal key level as mark.
Weekly Market Review & Potential Setups Weekly Recap This trading week has been a roller coaster of emotions and opportunities. We've witnessed significant moves across various markets, with some clear winners and emerging patterns that can guide us into the end of the week. Here's a brief overview: Equities: Major indices have experienced volatility, with technology stocks leading the rally while consumer goods lag. The S&P 500 saw fluctuations around key support and resistance levels, providing both challenges and opportunities for traders. Forex: The USD showed strength against major currencies, particularly the EUR and JPY, driven by economic data releases and central bank remarks. The GBP, however, showed resilience, rebounding from recent lows. Commodities: Gold remains a safe haven, hovering around its recent highs, while crude oil prices dropped due to concerns over supply and demand dynamics. Cryptocurrencies: Bitcoin and Ethereum have been relatively stable, with occasional spikes driven by news and market sentiment. Potential Setups to Watch As we move towards the end of the week, here are a few setups worth keeping an eye on: S&P 500: Watch for a potential breakout above the 4500 resistance level. A sustained move above this level could signal a strong bullish trend. Conversely, failure to breach this level might lead to a short-term correction. EUR/USD: The pair is approaching a key support level around 1.0800. A bounce from this level could provide a buying opportunity, while a break below might open the door to further downside. Gold: With gold prices consolidating, look for a breakout above $1950 for a potential long trade. On the downside, a break below $1900 could indicate a bearish trend. Bitcoin: BTC is trading within a tight range. A breakout above $30,000 could signal bullish momentum, while a drop below $28,000 might lead to a bearish move. Keep an eye on news and sentiment as catalysts for movement. Strategy Tips Risk Management: Always manage your risk carefully, especially during volatile times. Set stop-loss orders and stick to your trading plan. Market Sentiment: Use tools like the Sentiment Divergence Indicator (SDI) to gauge market mood and identify potential reversals. Stay Informed: Keep up with economic data releases, central bank announcements, and geopolitical events that can influence market movements. Conclusion This week has provided a wealth of trading opportunities, and the setups mentioned above could offer promising trades to close out the week. Stay disciplined, manage your risks, and keep an eye on key levels and market sentiment. Happy trading, and may your charts be ever in your favor! ??.
After a week of zigzag movement in Elliott wave 4, which is familiar to us, Bitcoin will reach its wave 5 with the last move in this period and will see the range of 106.0000. Of course, after that it will decide between two moves, either it will continue the level of wave 5 to the range of 112000 or it will enter the correction phase of Elliott wave A and will return to the valley range of wave 4! What do you think?
Bitcoin, while revolutionary in its inception, faces significant hurdles that challenge its viability as a practical medium of exchange. The cornerstone of this argument lies in the inherent limitations of its transaction processing speed. The Bitcoin network's distributed ledger requires approximately 10 minutes to compute and record each transaction, rendering it impractical for everyday commerce. This prolonged confirmation time poses a substantial obstacle to Bitcoin's adoption in real-world transactions. In an era where instant gratification is the norm, waiting 10 minutes or more for a simple purchase is not only inconvenient but also commercially unviable. This fundamental flaw undermines Bitcoin's utility as a currency for daily transactions. Furthermore, if Bitcoin cannot function effectively as a means of exchange, one must question its true value proposition. The current fervor surrounding Bitcoin may be likened to a speculative mania, divorced from practical utility. Historical patterns suggest that such manias often follow Fibonacci ratios in their price movements. We may be witnessing the culmination of a third wave increase, potentially followed by a significant correction. This correction could see Bitcoin's value plummet to $50,000 or even lower. While it's premature to predict Bitcoin's demise, its current trajectory raises serious concerns about its long-term sustainability as both a currency and an investment vehicle. In conclusion, the 10-minute transaction confirmation time is not merely an inconvenience; it's a critical flaw that undermines Bitcoin's fundamental purpose. This limitation, coupled with the speculative nature of its current valuation, casts a shadow over Bitcoin's future prospects in the world of finance and commerce. Again this is my opinion and my perspective, you should do your own due diligence and think on your own two feet about this. I did predict Bitcoin at $100 by the way.......
I see a clear sign of a bullish trend continuation on ?Cardano, following a pullback to a key horizontal support level that was recently broken. The price has rise and violated the resistance line of a descending wedge pattern. This suggests that we may see a continued upward movement towards a new high.
Gerade hat sich der Typ auf X gemeldet. Chart Setup passt. Es kann wieder losgehen.
Binance.US has listed popular memecoin Pepe (PEPE) as American cryptocurrency exchanges vie for a share of the lucrative memecoin market.