Today's substantial green candle on the daily chart may evoke enthusiasm, but the inevitable correction looms on the horizon. This correction, in all likelihood, could prove to be a challenging ordeal, potentially transforming into a market bloodbath for high-leverage traders.
Drawing attention to the charts, there's a discernible signal—a potential rejection at the 1041.4% Fibonacci resistance level. Vigilance is paramount at this particular moment, as long as Bitcoin remains beneath this threshold, the specter of a massive pullback remains high.
Now is the time to prioritize caution, even amidst the undeniable buying pressure. The market's volatility threatens to spiral out of control, posing risks for both bulls and bears leveraged beyond x5. A prudent approach is crucial, and for real-time updates on this evolving situation, join our channel. Stay informed, stay vigilant, and navigate the uncertainties with care.
TradingView Chart
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🎯Our prediction was spot on as we have reached our final target while exactly predicting the time when it will occur.
🦺Right now, the selling pressure for BTC can increase, so play it safe!
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Red Alert: BTCUSD Vulnerable to Major Sell-Off
Today, Bitcoin ventured to the pinnacle of its extended ascending channel, experiencing a distinct rebound. This bounce introduces a heightened risk of mounting downward pressure, potentially leading to a 20% decline in BTCUSDT. The rationale behind this projected drop lies in the proximity of the nearest support level at $57,981, aligning with the 38.2% Fibonacci retracement level and the lower boundary of the channel.
Given these circumstances, exercising extreme caution in purchasing both Bitcoin and altcoins at this juncture is strongly recommended.
TradingView Chart
Today, Bitcoin ventured to the pinnacle of its extended ascending channel, experiencing a distinct rebound. This bounce introduces a heightened risk of mounting downward pressure, potentially leading to a 20% decline in BTCUSDT. The rationale behind this projected drop lies in the proximity of the nearest support level at $57,981, aligning with the 38.2% Fibonacci retracement level and the lower boundary of the channel.
Given these circumstances, exercising extreme caution in purchasing both Bitcoin and altcoins at this juncture is strongly recommended.
TradingView Chart
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Forwarded from Tradexcel VIP Signals
The buying pressure is starting to increase, along with the trading volume. This is a good sign, as it potentially signals the trend reversal.
Nonetheless, we do expect a pullback of around 10%, after which volume should go ballistic.
For example if we look at #ARBUSDT chart, specifically on the Elliott Wave count, an ABC corrective move could be taking place right now.
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KASUSDT might be up for a 10% pullback for BYBIT:KASUSDT by CryptoPAMM
Right now price is facing a downtrend trendline resistance, which so far is acting as the supply area. If the trendline will remain to be respected, we can see KASUSDT dropping by 10% or more, before the uptrend resumes.
Forwarded from Tradexcel VIP Signals
Signal № 225
🔔 #ATOMUSDT BUY LIMIT SIGNAL 📈
🔵 ENTRY » » » 6.027 (Limit Order)
🔴 STOP » » » 5.047
🟢 PROFIT » » » 8.930
Open TradingView Chart
🔔 #ATOMUSDT BUY LIMIT SIGNAL 📈
🔵 ENTRY » » » 6.027 (Limit Order)
🔴 STOP » » » 5.047
🟢 PROFIT » » » 8.930
Open TradingView Chart
TradingView
Signal № 225 ATOMUSDT for BINANCE:ATOMUSDT.P by CryptoPAMM
Long
CryptoPAMM.com
Signal № 225 🔔 #ATOMUSDT BUY LIMIT SIGNAL 📈 🔵 ENTRY » » » 6.027 (Limit Order) 🔴 STOP » » » 5.047 🟢 PROFIT » » » 8.930 Open TradingView Chart
We are canceling this Buy Limit Order for now!
Forwarded from Tradexcel VIP Signals
🗞 Crypto Market Update
Based on our ARBUSDT analysis, we did expect a pullback towards the demand zone, And this has occurred today.
Highly likely, that the bottom has been reached across the alts and this is the reason you have seen an increased amount of buy signals lately.
To summarize, we expect a rally to start very soon!
Based on our ARBUSDT analysis, we did expect a pullback towards the demand zone, And this has occurred today.
Highly likely, that the bottom has been reached across the alts and this is the reason you have seen an increased amount of buy signals lately.
To summarize, we expect a rally to start very soon!
Don't forget to join our VIP signals today, just get your 1 week free trial @tradexcelbot