BTC/USDT UPDATE
#BTC broke below the consolidation range and now smoothly moving lower. Prices now continue to go down till support zone around $22,300 - $22,500. As per market structure, the lowest and final point will the $21,300 - $21,500 support zone. Keep an eye on the mentioned levels and manage the running trades.
@Cryptomathh
#BTC broke below the consolidation range and now smoothly moving lower. Prices now continue to go down till support zone around $22,300 - $22,500. As per market structure, the lowest and final point will the $21,300 - $21,500 support zone. Keep an eye on the mentioned levels and manage the running trades.
@Cryptomathh
Forwarded from Crypto Signal Premium
VIP MARKET UPDATE
It appears that there is a considerable amount of sideline money in the market that cannot remain in stable coins for an extended period. This is evidenced by the accelerating market cap of Tether, a stable coin.
The underlying logic is straightforward: imagine ten people in a room holding a significant amount of cash. Two people decide to go short, while the remaining eight use a portion of their cash to buy spot. This results in a short squeeze.
The reason why I believe there is too much sideline money in the market is that when Bitcoin was valued at $16,000, Tether was ranked third in market capitalization. Even when Bitcoin reached $25,000, Tether remained in the third position. The ultimate FOMO (fear of missing out) signal is when Tether ranks above the tenth spot in market capitalization.
@Cryptomathh
It appears that there is a considerable amount of sideline money in the market that cannot remain in stable coins for an extended period. This is evidenced by the accelerating market cap of Tether, a stable coin.
The underlying logic is straightforward: imagine ten people in a room holding a significant amount of cash. Two people decide to go short, while the remaining eight use a portion of their cash to buy spot. This results in a short squeeze.
The reason why I believe there is too much sideline money in the market is that when Bitcoin was valued at $16,000, Tether was ranked third in market capitalization. Even when Bitcoin reached $25,000, Tether remained in the third position. The ultimate FOMO (fear of missing out) signal is when Tether ranks above the tenth spot in market capitalization.
@Cryptomathh
DYDX/USDT
Our analysis of DYDX indicates that there is a potential breakout and buying opportunities for traders. The chart analysis suggests that DYDX has broken out of a significant resistance level and is currently trading around 250% higher than its last bottom. To make the most informed trading decisions, we recommend waiting for a breakout from the current parallel channel, which could occur through a high-time frame candle closing above $3.30 or breaking the recent high of $3.68.
In addition, our chart analysis shows that DYDX may test the 0.0618 Fibonacci retracement level, which could lead to a significant upward rally. Traders should focus on entry opportunities around the parallel channel support area, which has historically been a strong support level, making it an ideal buying opportunity for those looking to take a long position on DYDX.
Based on our long-term projections, DYDX has the potential to reach a new all-time high during the upcoming bull run, with a potential price target of $30.
Our analysis of DYDX indicates that there is a potential breakout and buying opportunities for traders. The chart analysis suggests that DYDX has broken out of a significant resistance level and is currently trading around 250% higher than its last bottom. To make the most informed trading decisions, we recommend waiting for a breakout from the current parallel channel, which could occur through a high-time frame candle closing above $3.30 or breaking the recent high of $3.68.
In addition, our chart analysis shows that DYDX may test the 0.0618 Fibonacci retracement level, which could lead to a significant upward rally. Traders should focus on entry opportunities around the parallel channel support area, which has historically been a strong support level, making it an ideal buying opportunity for those looking to take a long position on DYDX.
Based on our long-term projections, DYDX has the potential to reach a new all-time high during the upcoming bull run, with a potential price target of $30.
#BTC/USDT UPDATE
The major resistance level from weekly TF is same for Daily TF. Price maintaining its bullish structure but now retracing a bit. Currently, price is on a 4H resistance area, and if rejected then we can see lower move till support. Market will remain bullish until #BTC holds above $21,400 mark.
@Cryptomathh
The major resistance level from weekly TF is same for Daily TF. Price maintaining its bullish structure but now retracing a bit. Currently, price is on a 4H resistance area, and if rejected then we can see lower move till support. Market will remain bullish until #BTC holds above $21,400 mark.
@Cryptomathh
#OP/USDT UPDATE
🔻 OP is currently trading at $2.87, the highest gainer coin in the current market.
🔻 In the last bear market, #OP hit a low of $0.63 in October and a low of $0.86 in December before reaching an all-time high of $3.29.
🔻 A triangle is forming in the higher timeframe, indicating a potential retracement from current levels.
🔻 A head and shoulders pattern is forming in the lower timeframe, which is a bearish sign.
🔻 The critical support level to watch is $2.40, which is the neckline support of the head and shoulders pattern.
🔻 A break above the $3.29 level could result in a new all-time high, while a break below the $2.40 level could lead to a 40% drop to $1.69.
🔻 The key levels to watch are support at $2.40, $1.69, and $1.37, and resistance at $3.29
@Cryptomathh
🔻 OP is currently trading at $2.87, the highest gainer coin in the current market.
🔻 In the last bear market, #OP hit a low of $0.63 in October and a low of $0.86 in December before reaching an all-time high of $3.29.
🔻 A triangle is forming in the higher timeframe, indicating a potential retracement from current levels.
🔻 A head and shoulders pattern is forming in the lower timeframe, which is a bearish sign.
🔻 The critical support level to watch is $2.40, which is the neckline support of the head and shoulders pattern.
🔻 A break above the $3.29 level could result in a new all-time high, while a break below the $2.40 level could lead to a 40% drop to $1.69.
🔻 The key levels to watch are support at $2.40, $1.69, and $1.37, and resistance at $3.29
@Cryptomathh
Forwarded from Crypto Signal Premium
Binance Futures, ByBit USDT
#LDO/USDT Take-Profit target 1 ✅
Profit: 90.1639% 📈
Period: 4 Days 9 Hours 54 Minutes ⏰
#LDO/USDT Take-Profit target 1 ✅
Profit: 90.1639% 📈
Period: 4 Days 9 Hours 54 Minutes ⏰
#BTC/USDT UPDATE
🔻 Bitcoin is attempting to recover its trading range, but the price is being rejected from that level.
🔻 The presence of a long wick indicates that there have been price rejections and liquidity grabs.
🔘 It's important to use proper risk management in all trades.
🔻 Despite the price rejection, the support levels remain unchanged.
@Cryptomathh
🔻 Bitcoin is attempting to recover its trading range, but the price is being rejected from that level.
🔻 The presence of a long wick indicates that there have been price rejections and liquidity grabs.
🔘 It's important to use proper risk management in all trades.
🔻 Despite the price rejection, the support levels remain unchanged.
@Cryptomathh
VIP MARKET UPDATE
🔘 There are two possible scenarios for the current situation.
🔻 The current situation falls under the first scenario (A), which is indicated by the matrix funding rate and an increase in Tether printing money.
🔻 The second scenario (B) would occur if a significant FUD (fear, uncertainty, and doubt) event happens, which could be even bigger than the BUSD (Binance USD) FUD and the Coinbase ban staking event that occurred between the 8th and 10th of February.
@Cryptomathh
🔘 There are two possible scenarios for the current situation.
🔻 The current situation falls under the first scenario (A), which is indicated by the matrix funding rate and an increase in Tether printing money.
🔻 The second scenario (B) would occur if a significant FUD (fear, uncertainty, and doubt) event happens, which could be even bigger than the BUSD (Binance USD) FUD and the Coinbase ban staking event that occurred between the 8th and 10th of February.
@Cryptomathh
The February monthly close was below 23.2, indicating bearish sentiment in the market.
March is expected to be a sideways month with limited price movements.
April is expected to experience significant volatility resulting in substantial price changes.
@Cryptomathh
March is expected to be a sideways month with limited price movements.
April is expected to experience significant volatility resulting in substantial price changes.
@Cryptomathh
After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or period of consolidation.
Nov '22 = Bottom
Jan '23 = 40%
Feb '23 = 1%
Dec '18 = Bottom
Feb '19 = 11%
Mar '19 = 7%
Jan '15 = Bottom
Feb '15 = 18%
Mar '15 = -4%
@Cryptomathh
Nov '22 = Bottom
Jan '23 = 40%
Feb '23 = 1%
Dec '18 = Bottom
Feb '19 = 11%
Mar '19 = 7%
Jan '15 = Bottom
Feb '15 = 18%
Mar '15 = -4%
@Cryptomathh
Forwarded from Crypto Signal Premium
Binance Futures, ByBit USDT
#FXS/USDT Take-Profit target 2 ✅
Profit: 39.4444% 📈
Period: 6 Days 1 Hours 48 Minutes ⏰
#FXS/USDT Take-Profit target 2 ✅
Profit: 39.4444% 📈
Period: 6 Days 1 Hours 48 Minutes ⏰
CRYPTO SIGNALS FREE
The February monthly close was below 23.2, indicating bearish sentiment in the market. March is expected to be a sideways month with limited price movements. April is expected to experience significant volatility resulting in substantial price changes. …
#BTC USDT UPDATE
#Bitcoin is been moving inside of the consolidation and might take a test till resistance line. On hourly TF, price is ranging. Well, the $24,000 is the resistance for now and if price flip that area then we can expect a easy push till $25,000 and potentially a new higher high.
@Cryptomathh
#Bitcoin is been moving inside of the consolidation and might take a test till resistance line. On hourly TF, price is ranging. Well, the $24,000 is the resistance for now and if price flip that area then we can expect a easy push till $25,000 and potentially a new higher high.
@Cryptomathh