Forwarded from Canva (Lemillion)
BTC breaks the triangle in downwards direction and this is not a good sign. The next support is $33,500 and $32,000-$32,500 zone. There are some big buy orders in range of $30,000-$33,000. BTC looks weak and sellers are selling heavily on every bounce. The resistance levels are $37,300 and $39,500-$40,000 area. The major support is $30,000 and last defense point for bulls.
Forwarded from Canva (Lemillion)
This is the comparison of the 4 bull markets of BTC. The current bull market is behaving like the 2013-2014 bull cycle. As per the previous chart, every cycle return curve keeps declining. We are in middle of the bull run and far away from the top of the bull cycle. We will likely to see the top of Bull market in November December 2021 or first quarter of 2022. Just HODL your BTC bags and enjoy the market.
Forwarded from Canva (Lemillion)
Bitcoin Update:
BTC bulls trying hard to change the trend bullish again. The monthly candle close above $37,000 and this is good sign. The MACD also turning positive on daily chart. BTC need to hold above $35,500 and we see another retest of $38,000. There is heavy resistance area till $42,000 and a breakout with good volume of $42,000 will turn the market bullish. The support zone for now is $35,000-$35,500 and major support zones are $30,000 and $32,500-$33,000. The on-chain analysis shows accumulation is going on. Let's see what this week brings.
BTC bulls trying hard to change the trend bullish again. The monthly candle close above $37,000 and this is good sign. The MACD also turning positive on daily chart. BTC need to hold above $35,500 and we see another retest of $38,000. There is heavy resistance area till $42,000 and a breakout with good volume of $42,000 will turn the market bullish. The support zone for now is $35,000-$35,500 and major support zones are $30,000 and $32,500-$33,000. The on-chain analysis shows accumulation is going on. Let's see what this week brings.
Forwarded from Canva (Lemillion)
#DOGE
DOGE break the symmetric channel and is now coming to retest the trendline. Buy DOGE on the retest, there are no big fundamentals for DOGE but we all know ELON MUSK will tweet anytime about DOGE and it will pump 10-20% instantly. Although ELON MUSK hype is also fading away so manage risk accordingly. Stop loss is necessary in all trades.
DOGE break the symmetric channel and is now coming to retest the trendline. Buy DOGE on the retest, there are no big fundamentals for DOGE but we all know ELON MUSK will tweet anytime about DOGE and it will pump 10-20% instantly. Although ELON MUSK hype is also fading away so manage risk accordingly. Stop loss is necessary in all trades.
Canva
#DOGE DOGE break the symmetric channel and is now coming to retest the trendline. Buy DOGE on the retest, there are no big fundamentals for DOGE but we all know ELON MUSK will tweet anytime about DOGE and it will pump 10-20% instantly. Although ELON MUSK…
As Expected Elon Musk tweeted about DOGE. DOGE is now more than 25% up from yesterday price.
Forwarded from Canva (Lemillion)
BTC should hold the $35,500 area and need a good bounce from there. If bulls lose the $35,000 major support the market will go lower towards $32,000-$33,000. There is no bad news currently still BTC is dumping, this shows retails investors are in panic and selling. BTC need to reclaim the $37,500 resistance area for further upward moment.
Forwarded from Canva (Lemillion)
BREAKING: The President of El Salvador just announced that he is making Bitcoin legal tender in his country.
This is the first country to take such a courageous step, but it won’t be the last.
This is the first country to take such a courageous step, but it won’t be the last.
Forwarded from Canva (Lemillion)
Bitcoin Update:
This is a possible scenario if we connect wick to wick. BTC is still in the triangle and bounced back hard leaving a wick touching to the triangle line. There is a lot of resistance in the upward moment. The first resistance is the $37,500 area and then the $39,000-$39,500 area. The key level to break and hold is $40,000. If BTC breaks the triangle downward, the major support is $30,000-$31,000 area. The market is choppy and we are waiting for a breakout. The breakout will be coming in 3-4 days on either side.
This is a possible scenario if we connect wick to wick. BTC is still in the triangle and bounced back hard leaving a wick touching to the triangle line. There is a lot of resistance in the upward moment. The first resistance is the $37,500 area and then the $39,000-$39,500 area. The key level to break and hold is $40,000. If BTC breaks the triangle downward, the major support is $30,000-$31,000 area. The market is choppy and we are waiting for a breakout. The breakout will be coming in 3-4 days on either side.
Forwarded from Canva (Lemillion)
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Forwarded from Canva (Lemillion)
The triangle break downwards and BTC dumped hard after $35,000 break. This is not a good sign, the major support zone is $30,000 and BTC should hold it otherwise we will see a quick Wick to $26,000-$27,000 area. The minor support is $32,000-$32,500 area. BTC should give a bounce from the support zone.
Forwarded from Canva (Lemillion)
#BTC
The bulls continued their purchase today, which seems to have trapped the aggressive bears who may have sold on June 7. However, the BTC/USDT pair is still not out of the woods yet because the relief rally is likely to face resistance at the 20-day exponential moving average ($37,925).
If the price turns down from this resistance, it will suggest that the sentiment remains negative and traders are selling on rallies. The next leg of the downtrend could begin after the bears sink the price below the $31,000 to $28,000 support zone. Such a move may open the doors for a decline to $20,000.
However, the relative strength index (RSI) has formed a bullish divergence, indicating the bearish momentum is weakening. The first sign of strength will be a breakout and close above the 20-day EMA, which could extend the relief rally to the 50-day simple moving average ($45,896).
The bulls continued their purchase today, which seems to have trapped the aggressive bears who may have sold on June 7. However, the BTC/USDT pair is still not out of the woods yet because the relief rally is likely to face resistance at the 20-day exponential moving average ($37,925).
If the price turns down from this resistance, it will suggest that the sentiment remains negative and traders are selling on rallies. The next leg of the downtrend could begin after the bears sink the price below the $31,000 to $28,000 support zone. Such a move may open the doors for a decline to $20,000.
However, the relative strength index (RSI) has formed a bullish divergence, indicating the bearish momentum is weakening. The first sign of strength will be a breakout and close above the 20-day EMA, which could extend the relief rally to the 50-day simple moving average ($45,896).