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Crypto-Lover-artist
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Bearish
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Why is
#BinanceSquare
out of points ? Since yesterday, I can't claim points for any deeds (check in, posting , sharing etc)
See screenshot below (the error)
any idea what is happening and why?!?
#helpmeplease
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#BTCNextMove is consolidation . A little more correction and then it will shoot up to 105k or more again but for now... it needs to shake some short term investors $BTC
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Once again, I was correct !! Making money even in falling markets 🤗 You can ask me anything and i will try to answer ! This is good buying opportunity, especially $BTC as it will go above 100k again! Also keep an eye out on BNB Meanwhile $ETH is also looking yummy at current levels. #MarketCorrectionBuyOrHODL? Powell doesn't control the markets, we do!
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Over the past week, Bitcoin (BTC) has experienced notable volatility, reaching a new all-time high of over $106,000 before declining to approximately $99,600. Technical Indicators: Moving Averages (MAs): Short-Term (5-Day): BTC is trading below the 5-day MA of $103,200, indicating recent bearish momentum. Medium-Term (20-Day): The 20-day MA stands at $98,696, suggesting that despite the recent dip, the medium-term trend remains positive. Long-Term (50-Day): The 50-day MA is at $84,967, reflecting a strong upward trend over the past two months. Relative Strength Index (RSI): The 14-day RSI is at 60.37%, indicating that BTC is neither overbought nor oversold, but closer to overbought territory. Stochastic Oscillator: The 14-day %K value is at 63.36%, suggesting moderate bullish momentum. Support and Resistance Levels: Support: Immediate support is around $98,000, which has been tested recently. Resistance: The next significant resistance is at $104,000, a level that BTC has struggled to surpass in recent sessions. Recommendations: For Short-Term Traders: Given the current volatility and the recent dip below the 5-day MA, caution is advised. Consider waiting for a clear breakout above the $104,000 resistance before entering new positions. For Long-Term Investors: The overall bullish trend, as indicated by the 50-day and 100-day MAs, suggests that holding positions could be beneficial. However, be prepared for potential short-term fluctuations. Conclusion: While Bitcoin has shown impressive gains recently, the current technical indicators point to a period of consolidation. Monitoring key support and resistance levels, along with technical indicators like the RSI and moving averages, will be crucial in making informed trading decisions. Either short $BTC or wait for it and buy in dip!
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It's the #BinanceSeason so don't worry if the crypto market is in red! You can still make money !! How about selling ? Check out $YFI , $XRP and $VANA which you can short!! Always make money! even in bear markets! 💵💲💵🚀👇
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Check my last posts , my predictions have been consecutively correct. Told everyone markets will fall! even though the US Feds decreases interest rates by 25 bases points, it wasn't enough to stop the massive liquidation . US stock market lost 1.5 Trillion in a day ! and now Our crypto is somewhat correlated to that.. Also, this is a GOOD buying opportunity $BTC is very attractive under 100k Also check out KASPA (KAS) (its not on Binance yet) $BNB is also attractive at lower levels! #MarketCorrectionBuyOrHODL
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