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#BTC/USDT ANALYSIS

BTC has broken out of the descending triangle and is currently retesting above it with relatively low trading volume. Both the MA 100 and the Ichimoku cloud are providing support for the price.

A successful retest accompanied by an increase in trading volume would be a bullish confirmation. If the retest fails and the price retreats back inside the triangle, it could indicate a potential continuation of the consolidation within the triangle.


Eth chart


2.70 targer


2.65 first target done


Buy Snx 2.60

target 2.65-2.72-2.82-2.92


Buy flow at 0.70-.71
Target 0.74-0.76-0.79
Stop loss 0.63


307 all target done


Bch 289


Buy bch 281-282.5
Target 287-295-302
Stop loss 276


Buy bch 281-282
Target 287-295-302
Stop loss 276


Nothing has changed in the market yet. BTC is trading in the range and the price is moving between support and resistance. We may see a breakout of this range very soon. A break above the resistance area will bring some positive moments in the market and will push the price toward the $35,000 level.


Forward from: Stockmarket Free tips
#BTC Main 24.02.2023📊

BTC: $ 23,900
ETH: $ 1,600
BITCOIN DOMINANCE 43.89%
TOTAL MARKET CAP $ 1.04T
Crypto Fear & Greed Index: 53

📊Bitcoin failed to gain a foothold either above the moving averages or above the $24.520 level, which still acts as a strong resistance (the lower limit of the $24.520 - $25,000 area).

If we consider the situation on a scale, then
#BTC is still trading under the aforementioned resistance area, unloading the RSI and gaining strength for a possible breakdown and growth of - 28K $.

However, it is important to maintain the support area of $23.200 - $23.690, as its breakdown can have a very negative impact on medium-term growth prospects.


Have a good trading day👌


Educational Post:

Double Top

A double top is another pattern that traders use to highlight trend reversals. Typically, an asset’s price will experience a peak, before retracing back to a level of support. It will then climb up once more before reversing back more permanently against the prevailing trend.


FED holding emergency meeting on Monday 3rd October.


Yesterday Bitcoin is trying to break above the $20,000 level but was rejected from there. There is no clear movement in the yet. This is the silence before the storm and we will see a big move anytime. Stop loss is mandatory in all trades.


Historically Q4 has been Bitcoin's best performance by far, with an average quarterly return of +103.9%

October and November have been its best performing individual months with avg returns of 24% and 58%


The rising wedge pattern played well. BTC is now taking support at $20,700-$20850 area. We will see a bounce towards $22,500-$23,000 and you can take new entries for quick profit. Altcoin market is at support and we will see some bounce in altcoins also.


Bitcoin is forming a falling wedge pattern and is on the verge of a breakout. A falling wedge is a bullish pattern that usually breaks upward. BTC is holding the support of $22,500-$23,000 area. We will see an upward move towards $25,000 after the breakout.


ETH broke the $1000 area and we see a test of major support of $900-$950 on the weekly chart. This is the last support level and a break below this level will lead to panic sell-off and liquidations. You can build your position with tight stop loss.


AVAX was rejected from the major resistance area. This is the reason we told you to wait for new entries. Never open a long position at resistance. The local support is $25.50-$26 area and $23.70-$23.90 area. Wait for a test of the support level.

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