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Bybit | BingX | Million Dollar Pattern |

#BTC this week is pivotal 17-24 of June, so the closing of this week will set further trajectory. Bitcoin is still stuck under the parabola and the whole picture doesn’t look very promising for now! But too early to draw conclusions before a weekly close.

Just stay away from any emotional trades for now, we will let you know when it’s time to load the bags! Better use this weak market behaviour to invest in yourself and improve your knowledge with the basic course we just released for you 👍 So when time comes you are ready for 🚀

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Bybit | BingX | Million Dollar Pattern |

🇺🇸 Tyler Winklevoss, co-founder of the Gemini exchange, has expressed his support for Donald Trump by donating $2,000,000 in bitcoins to his presidential campaign.

In 2013, the Winklevoss brothers purchased $11 million worth of bitcoins at $120 per coin.

In addition, it has become known that Gemini is launching a new initiative to fund the election campaigns of candidates who support cryptocurrencies.

#Gemini #TeamTrump

#ETH Just want to point out that ethereum shows strength on this bitcoin’s movement and behaves stronger than BTC. Some altcoins also stoped decreasing in value because prices are getting too low for many coins. As noted before what’s important right now is the weekly close because this is a pivotal week. Despite weak price action if we manage to close this week above 64,500$ the situation is not that bad. Stay safe and wait for weekly close.

https://www.tradingview.com/x/06XcZTRV/

Sigma Crypto Chad

Bybit | BingX | Million Dollar Pattern |

#BTC let’s take a look at the global picture and what’s the situation based on time analysis and market structure.

The key weekly structural pivots in 2024 are:
17 June (now)
19 August (19.08)
21 October (21.10)
16 December (16.12)

The key supports for the whole structure are: 53,000$ and 42,000$.

Bitcoin is consolidating below parabolic trend and If we do not get above 69,000$ in the nearest future, we will retest at least 53K before a weekly pivot on 19th of August (19.08).

If we do get back above 69K$, we will see a rise to 80K$ by the same date of 19th of August and test 53K after that. The global structure still remains bullish but the local moving averages start bearish formation.

Make sure you have the key structural dates in your mind and let’s watch carefully for the weekly close. Don’t rush yet!

https://www.tradingview.com/x/svFg5bul/

Sigma Crypto Chad

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Bybit | BingX | Million Dollar Pattern |

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Bybit | BingX | Million Dollar Pattern |

#BTC Update 📉

🚨 Current Status: The situation looks very shaky, and the weekly pivot close was weak.

🔍 Key Level to Watch: An interesting point to monitor now is $60,800.

🛑 Caution: As we’ve said before, don’t rush into the market now. Wait for confirmations to avoid potential losses.

🧘 Patience is Key: When the bullishness returns and we get all the necessary confirmations, we will notify you. For now, stay patient and vigilant.

https://www.tradingview.com/x/975Yc19z/

Sigma Crypto Chad

Bybit | BingX | Million Dollar Pattern |

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