Trading Crypto Guide ™
Price closes below the resistance zone and now retesting the zone. The price looks bearish now, you can expect $2900 or below in next week. Alternatively, to switch the momentum to a bullish price have to break above the $3576 point (Black Dot).
#Price gives close above the zone but unable to hodl. ETH still trending below which is not a good sign. Looks like the price is taking acceptance below it. Currently, the price took rejection from the resistance which is a bearish sign.
Trading Crypto Guide ™
#Bitcoin on 4H TF gave a close below candle and kinda ranging now, Price is being slowed down and hovering over the minor support zone/ hourly area. Also, price is trying to sustain above the $24,000 mark.
#Price broke the $25,000 resistance level. There is possibility of more upside. Market is looking strong. US and European banks are tanking and money will flow into Bitcoin and crypto.
What is Double Bottom in Trading ?
Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.
The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.
This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.
Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.
The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.
This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.
Trading Crypto Guide ™
Despite #Bitcoin's almost 100% increase in price since then, 6% of the total #Bitcoin supply was last transacted at the $16K level. This suggests that those who purchased #Bitcoin at that level are hodling onto their investments and have no plans to sell in…
Those Who Don't know about "#UTXO Realized Price Distribution"
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What is #UTXO Realized Price Distribution ?
The #UTXO Realized Price Distribution is a chart that provides insight into the price at which each unit of a #cryptocurrency has been transacted since it was last moved on the blockchain. The chart #maps the number of units of the cryptocurrency that were transacted at different #price ranges.
The #UTXO Realized Price Distribution is based on the Unspent Transaction Output (#UTXO) model, which is used by many cryptocurrencies, including Bitcoin. In this model, each transaction #output is considered as an unspent output, which can be spent in future transactions.
The #UTXO Realized Price Distribution chart can help investors and analysts understand the behavior of cryptocurrency #hodlers and traders. For example, it can reveal whether investors are holding on to their cryptocurrency during #market downturns or selling it off, and at what prices. It can also help to identify #support and #resistance levels in the market.
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What is #UTXO Realized Price Distribution ?
The #UTXO Realized Price Distribution is a chart that provides insight into the price at which each unit of a #cryptocurrency has been transacted since it was last moved on the blockchain. The chart #maps the number of units of the cryptocurrency that were transacted at different #price ranges.
The #UTXO Realized Price Distribution is based on the Unspent Transaction Output (#UTXO) model, which is used by many cryptocurrencies, including Bitcoin. In this model, each transaction #output is considered as an unspent output, which can be spent in future transactions.
The #UTXO Realized Price Distribution chart can help investors and analysts understand the behavior of cryptocurrency #hodlers and traders. For example, it can reveal whether investors are holding on to their cryptocurrency during #market downturns or selling it off, and at what prices. It can also help to identify #support and #resistance levels in the market.
What is Double Bottom in Trading ?
Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.
The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.
This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.
Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.
The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.
This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.
Trading Crypto Guide ™
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