Master's degree in Electrical and Computer Engineering. Currently working as a full stack web developer. Almost got a second master's degree in economics.
$BTC Candlestick patterns can offer insights into potential price movements. Here are some observations based on the chart:
Downtrend Context: The chart appears to be in a downtrend. The price has been declining over the depicted period. The 50-day moving average (MA50) is often used as a reference for trend direction. If the price is below the MA50, it suggests a downtrend. In this case, the price is below the MA50. Bearish Candlestick Patterns: Several bearish candlestick patterns are visible: Hanging Man: A single candlestick with a long upper shadow and a small real body. It indicates potential reversal after an uptrend, but in this case, it aligns with the downtrend. Dark Cloud Cover: A two-candle pattern where the second candle opens higher than the first dayâs close but then closes below the midpoint of the first dayâs real body. It signals potential weakness. Bearish Engulfing: A two-candle pattern where the second candle completely engulfs the first dayâs real body. It suggests a reversal from bullish to bearish sentiment. Evening Star: A three-candle pattern with a large bullish candle followed by a small indecisive candle (star) and then a large bearish candle. It indicates a potential reversal. Volume Analysis: Volume bars at the bottom of the chart show trading activity. Higher volume during bearish candles confirms selling pressure. Conclusion: Based on the bearish candlestick patterns and the downtrend context, the prediction is for further downward movement. However, always consider other factors such as fundamental analysis, news, and market sentiment before making trading decisions.
$BTC Based on he technicals and the current market conditions , bitcoin will have resistance at 68000 and 69000. This resistance is quite big but not impossible to overcome, especially when there is an upcoming halving on the mining rewards. Write me in the comment if you want to see the next resistance levels and the possible top of this bull run.
$BNB I honestly do not see a better option than BNB. It is deflationary, has multiple coin burns and it also gives rewards through launch pools. Think about it #Write2Earn #bnbbulish
$BTC Glassnode's latest report highlights a noteworthy trend: the Altseason Momentum indicator reveals a burgeoning eagerness among investors to venture deeper into the risk landscape. This signals a heightened willingness among crypto investors to allocate substantial portions of their capital towards altcoins, anticipating potentially higher returns. #Write2Earn #BTC⏠#rune
Understanding the utilities of cryptocurrencies goes beyond trading and holds significant importance for various reasons: 1. Financial Inclusion: Cryptocurrencies offer financial services to the unbanked, providing access to DeFi applications like lending and borrowing. 2. Blockchain Technology: Learning about blockchain extends beyond finance, with applications in supply chain management, healthcare, and voting systems. 3. Privacy and Security: Cryptocurrencies enhance privacy and security through encryption techniques, safeguarding financial transactions and personal data. 4. Decentralization: Understanding decentralization is crucial for grasping cryptocurrencies' implications on governance and individual autonomy. 5. Tokenization and Asset Ownership: Cryptocurrencies enable fractional ownership of assets, democratizing access to investments like real estate and art. 6. Future of Money: Cryptocurrencies represent a shift in money's concept, requiring a grasp of their fundamentals to navigate the evolving financial landscape. #Write2Earn #BTC⏠#Ethereum(ETH)
Understanding the utilities of cryptocurrencies goes beyond trading and holds significant importance for various reasons:1. Financial Inclusion: Cryptocurrencies offer financial services to the unbanked, providing access to DeFi applications like lending and borrowing.2. Blockchain Technology: Learning about blockchain extends beyond finance, with applications in supply chain management, healthcare, and voting systems.3. Privacy and Security: Cryptocurrencies enhance privacy and security through encryption techniques, safeguarding financial transactions and personal data.4. Decentralization: Understanding decentralization is crucial for grasping cryptocurrencies' implications on governance and individual autonomy.5. Tokenization and Asset Ownership: Cryptocurrencies enable fractional ownership of assets, democratizing access to investments like real estate and art.6. Future of Money: Cryptocurrencies represent a shift in money's concept, requiring a grasp of their fundamentals to navigate the evolving financial landscape.#Write2Earn #TrendingTopic #BTCâŹ
$BTC Analysts anticipate Bitcoin to reach $54-58K before entering a period of consolidation and broader market correction. DeFi and other emerging crypto ecosystems are poised for significant outperformance.
$ETH It seems that for Ethereum ($ETH ) to gain momentum, it must reverse the downward trend against its Bitcoin ($BTC) pairing. While there are signs of this on the daily time frame for ETH/BTC, it needs significant volume to confirm the trend break.
However, it's possible that ETH isn't quite poised for a significant upturn yet, especially if BTC enters a corrective phase. Yet, emerging from a substantial correction could present an opportune moment for ETH.
While an independent surge for ETH is plausible in the future, the potential denial of an Ethereum ETF by the SEC could delay such dominance.
This dynamic landscape underscores the intricate relationship between ETH, BTC, and regulatory decisions, shaping the trajectory of both cryptocurrencies.
$BTC Bloomberg ETF Analyst Eric Balchunas took to X to share his impressions of the latest advertisement campaign for BlackRockâs iShares Bitcoin Trust (IBIT) ETF. Describing the campaign as "simple, modern, and effective," Balchunas noted that it strikes a delicate balance between being too mundane and overly trendy. He particularly praised the "Bitcoin ETFs have landed" poster for its ability to capture attention without sacrificing professionalism.
#$RUNE With 20-30 million RUNE newly available for lending, enthusiasts can now crunch the numbers to anticipate the system's reaction. Using a conservative approach, it's foreseeable that the Total Value Locked (TVL) could double, accompanied by a potential quadrupling of on-market price action as the system undergoes expansion.
$RUNE Looks like a nice altcoin season is comming. Rune will target 6.3 or 6.4 next. Breaking this level suggests 7$ price. Also, there are good news like burning coins and safety improvements. 60 million Rune coins will be burned with the next update.#Write2Earn