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#Technical outlook for #Bitcoin is bearish in the short term.
The chart you sent me is a 4-hour candlestick chart of Bitcoin (BTC) against the US dollar (USD), displayed on TradingView. The timeframe is from February 12, 2024, 00:00 UTC to February 13, 2024, 05:20 UTC.
Overall, the chart shows that Bitcoin is in a downtrend. The price has been falling since February 10, 2024, and has made several lower lows during that time.
Support levels:
$49,915: This is the price at which the downtrend began on February 10, 2024. It has been tested and broken twice since then, but it could still act as support in the future.$49,800: This is a horizontal support level that has been in place since January 24, 2024. It has been tested and broken once, but it could still act as support in the future.
Resistance levels:
$50,200: This is the high from February 12, 2024. It is a minor resistance level, but it could still prevent the price from rising in the short term.$51,000: This is a horizontal resistance level that has been in place since January 29, 2024. It is a major resistance level, and it is likely to prevent the price from rising significantly in the near future.
Key resistance level:
$51,000: This is the most important resistance level on the chart. If Bitcoin can break above this level, it could signal a change in trend. However, if it is rejected at this level, it is likely to fall further in the near term.
Other:
The volume is decreasing as the price is falling. This is a bearish sign, as it suggests that there is less interest in buying Bitcoin at lower prices.The Relative Strength Index (RSI) is below 50. This indicates that Bitcoin is oversold, but it does not necessarily mean that the price will rebound soon.
In conclusion, the technical outlook for Bitcoin is bearish in the short term. The price is likely to fall further unless it can break above the resistance level at $51,000. #BTC #TrendingTopic #Launchpool
The chart you sent me is a 4-hour candlestick chart of Bitcoin (BTC) against the US dollar (USD), displayed on TradingView. The timeframe is from February 12, 2024, 00:00 UTC to February 13, 2024, 05:20 UTC.
Overall, the chart shows that Bitcoin is in a downtrend. The price has been falling since February 10, 2024, and has made several lower lows during that time.
Support levels:
$49,915: This is the price at which the downtrend began on February 10, 2024. It has been tested and broken twice since then, but it could still act as support in the future.$49,800: This is a horizontal support level that has been in place since January 24, 2024. It has been tested and broken once, but it could still act as support in the future.
Resistance levels:
$50,200: This is the high from February 12, 2024. It is a minor resistance level, but it could still prevent the price from rising in the short term.$51,000: This is a horizontal resistance level that has been in place since January 29, 2024. It is a major resistance level, and it is likely to prevent the price from rising significantly in the near future.
Key resistance level:
$51,000: This is the most important resistance level on the chart. If Bitcoin can break above this level, it could signal a change in trend. However, if it is rejected at this level, it is likely to fall further in the near term.
Other:
The volume is decreasing as the price is falling. This is a bearish sign, as it suggests that there is less interest in buying Bitcoin at lower prices.The Relative Strength Index (RSI) is below 50. This indicates that Bitcoin is oversold, but it does not necessarily mean that the price will rebound soon.
In conclusion, the technical outlook for Bitcoin is bearish in the short term. The price is likely to fall further unless it can break above the resistance level at $51,000. #BTC #TrendingTopic #Launchpool
If u r a beginner than all u need to know is basics of #crypto #trading and to learn amateur lvl of #Technical and #fundamental #ANALYSIS that's enough for u for time being unless u want to continue it as a career.
Read the post below for the growth of ur mindset in trading !
@Livio Picard
Read the post below for the growth of ur mindset in trading !
@Livio Picard
LIVELivio Picard
--
Bullish
BE INDIFFERENT TO THE MARKET
Unless you are among the 5% of profitable traders in crypto who can buy and sell at the right time over short periods, this post is perfectly tailored for you.
You should not be affected by what the market does. If you have invested properly, you shouldn't care about the day-to-day market movements, and you should stop checking crypto influencers' analyses every day, as they change their tune constantly. You need to stop doing that.
A reasonable and balanced investment in crypto looks like this: you have invested in several cryptos at certain prices. Once that's done, you have pre-set your sell orders at key levels that seem interesting to you, based on your own analysis because, remember, you will never have a better analysis than your own simply because it resonates with you.
Once you've placed your sell orders, you have almost nothing else to do: you don't need to check the markets daily anymore; checking where BTC stands every 3 days is more than enough. Beyond that, your behavior is extremely anxiety-inducing and will cause you to lose more money than anything else, believe me.
I see many people trying to buy one crypto by selling another, then they take a -60% hit on the wallet but think it's okay, they'll make up for it with another one... and in the end, they've burned their account, and they keep doing that until they finally understand what I just explained to you. Save time and, most importantly, money by following my advice. I have nothing to gain from this; I'm saying it for your benefit.
This post represents my personal views.
Thank you for reading.
If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way to be rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do.
Livio P-V.
#Write2Earn
Unless you are among the 5% of profitable traders in crypto who can buy and sell at the right time over short periods, this post is perfectly tailored for you.
You should not be affected by what the market does. If you have invested properly, you shouldn't care about the day-to-day market movements, and you should stop checking crypto influencers' analyses every day, as they change their tune constantly. You need to stop doing that.
A reasonable and balanced investment in crypto looks like this: you have invested in several cryptos at certain prices. Once that's done, you have pre-set your sell orders at key levels that seem interesting to you, based on your own analysis because, remember, you will never have a better analysis than your own simply because it resonates with you.
Once you've placed your sell orders, you have almost nothing else to do: you don't need to check the markets daily anymore; checking where BTC stands every 3 days is more than enough. Beyond that, your behavior is extremely anxiety-inducing and will cause you to lose more money than anything else, believe me.
I see many people trying to buy one crypto by selling another, then they take a -60% hit on the wallet but think it's okay, they'll make up for it with another one... and in the end, they've burned their account, and they keep doing that until they finally understand what I just explained to you. Save time and, most importantly, money by following my advice. I have nothing to gain from this; I'm saying it for your benefit.
This post represents my personal views.
Thank you for reading.
If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way to be rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do.
Livio P-V.
#Write2Earn
How To Catch the Market🌍 Trend? 📈
Catching the market trend involves analyzing and understanding the movements and patterns of a particular market. While it's impossible to predict the market with certainty, there are several strategies and approaches you can consider to better understand and potentially identify market trends. Here are some suggestions:
1. Technical Analysis: Utilize #Technical analysis techniques to study price charts, indicators, and patterns. This involves analyzing historical price and volume data to identify trends, support and resistance levels, and other patterns that may indicate potential market direction.
2. Fundamental Analysis: Conduct fundamental analysis by examining the underlying factors that can influence market trends, such as economic indicators, company financials, news events, and industry trends. This approach is often used in traditional financial markets but can also be applied to cryptocurrencies and other markets.
3. Follow Market News and Updates: Stay informed about the latest news, announcements, and developments related to the market you are interested in. News events, regulatory changes, technological advancements, and other factors can impact market trends.
4. Utilize Market Sentiment Analysis: Monitor and analyze market sentiment through social media, forums, and sentiment analysis tools. This can provide insights into the overall sentiment of market participants and help gauge potential shifts in trends.
5. Keep an Eye on Volume and #Liquidity: Pay attention to trading volume and liquidity in the market you are observing. Higher volume and liquidity can indicate stronger trends and potentially more reliable market signals.
1. Use Trend-Following Indicators: Consider incorporating trend-following indicators, such as moving averages or trend lines, into your analysis. These indicators can help identify and confirm market trends.
Learn from Historical Data: Study historical market data to observe past trends and patterns.
#cryptocurrency
Catching the market trend involves analyzing and understanding the movements and patterns of a particular market. While it's impossible to predict the market with certainty, there are several strategies and approaches you can consider to better understand and potentially identify market trends. Here are some suggestions:
1. Technical Analysis: Utilize #Technical analysis techniques to study price charts, indicators, and patterns. This involves analyzing historical price and volume data to identify trends, support and resistance levels, and other patterns that may indicate potential market direction.
2. Fundamental Analysis: Conduct fundamental analysis by examining the underlying factors that can influence market trends, such as economic indicators, company financials, news events, and industry trends. This approach is often used in traditional financial markets but can also be applied to cryptocurrencies and other markets.
3. Follow Market News and Updates: Stay informed about the latest news, announcements, and developments related to the market you are interested in. News events, regulatory changes, technological advancements, and other factors can impact market trends.
4. Utilize Market Sentiment Analysis: Monitor and analyze market sentiment through social media, forums, and sentiment analysis tools. This can provide insights into the overall sentiment of market participants and help gauge potential shifts in trends.
5. Keep an Eye on Volume and #Liquidity: Pay attention to trading volume and liquidity in the market you are observing. Higher volume and liquidity can indicate stronger trends and potentially more reliable market signals.
1. Use Trend-Following Indicators: Consider incorporating trend-following indicators, such as moving averages or trend lines, into your analysis. These indicators can help identify and confirm market trends.
Learn from Historical Data: Study historical market data to observe past trends and patterns.
#cryptocurrency
- #crypto Twitter discusses decentralization of Layer 2 (L2) solutions, specifically Rollups.
- Philosophical perspective: Decentralization promotes open innovation and permissionless futures.
- #Trustless networks like Bitcoin and Ethereum build on decentralized foundations.
- Rollups, as trust-related to these blockchains, should also be decentralized.
- #Technical aspect: Proper Rollup implementation requires forced inclusion mechanism and sequencer replacement protocol.
- Forced inclusion mechanism enhances censorship resistance.
- Sequencer replacement protocol prevents malicious actions by centralized sequencers.
- #Economic viewpoint: Focus on optimizing user experience and Rollup profits.
- Users need fast, cheap transactions; sequencers and token holders seek profitable operations.
- #Decentralized sequencers offer pre-confirmation guarantees without centralization risks.
- Rollup's goal: Mature sequencer replacement protocols, forced inclusion, lagging governance updates.
- Strong sequencer replacement can improve liveliness guarantees and enhance economic benefits.
$BTC $ETH $BNB
- Philosophical perspective: Decentralization promotes open innovation and permissionless futures.
- #Trustless networks like Bitcoin and Ethereum build on decentralized foundations.
- Rollups, as trust-related to these blockchains, should also be decentralized.
- #Technical aspect: Proper Rollup implementation requires forced inclusion mechanism and sequencer replacement protocol.
- Forced inclusion mechanism enhances censorship resistance.
- Sequencer replacement protocol prevents malicious actions by centralized sequencers.
- #Economic viewpoint: Focus on optimizing user experience and Rollup profits.
- Users need fast, cheap transactions; sequencers and token holders seek profitable operations.
- #Decentralized sequencers offer pre-confirmation guarantees without centralization risks.
- Rollup's goal: Mature sequencer replacement protocols, forced inclusion, lagging governance updates.
- Strong sequencer replacement can improve liveliness guarantees and enhance economic benefits.
$BTC $ETH $BNB
- #Shibainu (SHIB) has seen a 45% surge in the past week, crossing the critical $0.00001 level.
- The excitement is fueled by the upcoming launch of Shibarium, which is anticipated to trigger a new price surge.
- If SHIB retests its former peak above $0.00008, investors who #buy at current prices ($0.00001) could potentially see significant gains.
- A $1,000 investment at the current price could be worth around $7,550 if SHIB returns to its all-time high, indicating potential profits of over $6,500.
- #SHIB has previously experienced substantial rallies, suggesting the potential for a 10x or greater return, but crypto's volatility should be considered.
- Speculation about SHIB's resurgence is growing with the anticipation of Shibarium and renewed retail interest.
- Reclaiming its former peak could result in an over 800% rally from current levels.
- #Technical analysis suggests SHIB's bullish breakout from an ascending triangle pattern and resistance around $0.000008.
- Breaking above $0.000010 would confirm a new #uptrend and target $0.000012.
- Short- and medium-term trend is up, with momentum indicators bullish.
- Key support levels are $0.0000080 and $0.0000055, while resistance is at $0.000010, targeting $0.000012 if SHIB breaks out of the triangle pattern.
- Despite the potential, the risks of cryptocurrency volatility should not be ignored.
$SHIB $PEPE $DOGE
- The excitement is fueled by the upcoming launch of Shibarium, which is anticipated to trigger a new price surge.
- If SHIB retests its former peak above $0.00008, investors who #buy at current prices ($0.00001) could potentially see significant gains.
- A $1,000 investment at the current price could be worth around $7,550 if SHIB returns to its all-time high, indicating potential profits of over $6,500.
- #SHIB has previously experienced substantial rallies, suggesting the potential for a 10x or greater return, but crypto's volatility should be considered.
- Speculation about SHIB's resurgence is growing with the anticipation of Shibarium and renewed retail interest.
- Reclaiming its former peak could result in an over 800% rally from current levels.
- #Technical analysis suggests SHIB's bullish breakout from an ascending triangle pattern and resistance around $0.000008.
- Breaking above $0.000010 would confirm a new #uptrend and target $0.000012.
- Short- and medium-term trend is up, with momentum indicators bullish.
- Key support levels are $0.0000080 and $0.0000055, while resistance is at $0.000010, targeting $0.000012 if SHIB breaks out of the triangle pattern.
- Despite the potential, the risks of cryptocurrency volatility should not be ignored.
$SHIB $PEPE $DOGE
1. The current #Bitcoin price is $29,034, with a minor uptick of less than 0.10% over the last 24 hours, accompanied by a decrease in daily #trading volume to $4.5 billion.
2. The acceptance of #cryptocurrency donations by 2024 US presidential candidate Francis Suarez reflects the growing impact of digital currencies on political financing, potentially influencing Bitcoin's market dynamics.
3. #Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a #bearish outlook for Bitcoin, with a sustained downward trend potentially leading to a lower price around $28,700 or even $28,200 if support levels are breached.
$BTC
2. The acceptance of #cryptocurrency donations by 2024 US presidential candidate Francis Suarez reflects the growing impact of digital currencies on political financing, potentially influencing Bitcoin's market dynamics.
3. #Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a #bearish outlook for Bitcoin, with a sustained downward trend potentially leading to a lower price around $28,700 or even $28,200 if support levels are breached.
$BTC
$JASMY Date: June 1, 2024
An overview of the latest market trends and key developments for JasmyCoin (JASMY).
#Market #Overview
JASMY is trading at $0.0355, up 4.77% in the past 24 hours. The market cap is around $1.75 billion, with a 24-hour trading volume of $448.85 million
Key Drivers
1. Partnerships: Recent collaborations with IoT companies are enhancing Jasmy’s ecosystem, boosting investor confidence.
2.Regulatory News: Favorable regulatory developments in Asia support JASMY’s market stability.
3.Sentiment: Positive market sentiment with active community engagement is driving interest in JASMY.
#Technical #Analysis
Support Levels:$0.033
Resistance Levels: $0.037
Moving Averages:Trading above the 20-day average
RSI: Around 60, indicating a balanced market
On-Chain Metrics
Transaction Volume:Increased, reflecting growing network activity.
Network Growth: Rising active addresses indicate broader adoption.
Market Sentiment and News
Adoption: Integrations in IoT platforms highlight JASMY’s utility.
Whale Activity:Large holders are accumulating JASMY, showing long-term confidence.
An overview of the latest market trends and key developments for JasmyCoin (JASMY).
#Market #Overview
JASMY is trading at $0.0355, up 4.77% in the past 24 hours. The market cap is around $1.75 billion, with a 24-hour trading volume of $448.85 million
Key Drivers
1. Partnerships: Recent collaborations with IoT companies are enhancing Jasmy’s ecosystem, boosting investor confidence.
2.Regulatory News: Favorable regulatory developments in Asia support JASMY’s market stability.
3.Sentiment: Positive market sentiment with active community engagement is driving interest in JASMY.
#Technical #Analysis
Support Levels:$0.033
Resistance Levels: $0.037
Moving Averages:Trading above the 20-day average
RSI: Around 60, indicating a balanced market
On-Chain Metrics
Transaction Volume:Increased, reflecting growing network activity.
Network Growth: Rising active addresses indicate broader adoption.
Market Sentiment and News
Adoption: Integrations in IoT platforms highlight JASMY’s utility.
Whale Activity:Large holders are accumulating JASMY, showing long-term confidence.
$BNB Analysis Date: June 1, 2024
Overview
BNB is currently trading at approximately $600, showing a slight decrease of 0.69% over the past 24 hours. The market cap stands around $88.62 billion, with a 24-hour trading volume of $1.86 billion
Key Drivers
1. Token #Burn Events:The recent 27th quarterly token burn removed about 1.944 million BNB, valued at nearly $1.17 billion, from circulation. This strategic move is part of Binance's ongoing efforts to enhance token scarcity and value
2. Ecosystem Growth: BNB continues to power the BNB Chain ecosystem, acting as a utility and governance token across various platforms, including BNB Smart Chain, BNB L2 solutions, and BNB Greenfield.
3. Regulatory Environment:Positive regulatory updates and ongoing adoption in various sectors are bolstering investor confidence and market stability.
#Technical #Analysis
Support Levels:The key support level is around $590.
#Resistance Levels:Immediate resistance is at $610, a level tested multiple times recently.
Volatility: April 2024 saw significant price swings, with highs of $626.98 and lows of $514.11, reflecting the token’s volatility
#Market Sentiment and #News
Founder Updates: Changpeng Zhao (CZ), the founder of Binance, continues to be a central figure in promoting and expanding the Binance ecosystem. His leadership and strategic decisions, such as the token burn program, play a crucial role in maintaining BNB’s market position.
Community Engagement: Binance’s community initiatives and programs, like Binance Earn and Binance Charity, are fostering a robust and active user base, further supporting BNB’s utility and adoption.
Overview
BNB is currently trading at approximately $600, showing a slight decrease of 0.69% over the past 24 hours. The market cap stands around $88.62 billion, with a 24-hour trading volume of $1.86 billion
Key Drivers
1. Token #Burn Events:The recent 27th quarterly token burn removed about 1.944 million BNB, valued at nearly $1.17 billion, from circulation. This strategic move is part of Binance's ongoing efforts to enhance token scarcity and value
2. Ecosystem Growth: BNB continues to power the BNB Chain ecosystem, acting as a utility and governance token across various platforms, including BNB Smart Chain, BNB L2 solutions, and BNB Greenfield.
3. Regulatory Environment:Positive regulatory updates and ongoing adoption in various sectors are bolstering investor confidence and market stability.
#Technical #Analysis
Support Levels:The key support level is around $590.
#Resistance Levels:Immediate resistance is at $610, a level tested multiple times recently.
Volatility: April 2024 saw significant price swings, with highs of $626.98 and lows of $514.11, reflecting the token’s volatility
#Market Sentiment and #News
Founder Updates: Changpeng Zhao (CZ), the founder of Binance, continues to be a central figure in promoting and expanding the Binance ecosystem. His leadership and strategic decisions, such as the token burn program, play a crucial role in maintaining BNB’s market position.
Community Engagement: Binance’s community initiatives and programs, like Binance Earn and Binance Charity, are fostering a robust and active user base, further supporting BNB’s utility and adoption.
#Technical Analysis of IO's Price Action: Bullish Momentum and Potential Price Targets
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IO's price action has turned notably bullish since Friday's selloff, suggesting a promising setup for potential gains. The current structure is standard and indicates bullish momentum, with key technical indicators supporting this outlook.
Key Observations:
1. Bullish Setup and Structure: IO has been forming higher lows and higher highs, a classic bullish pattern.
2. Potential Price Targets: Immediate resistance is observed around $6.3-$6.4. If this level is breached, a rally to $7 or even $7.5 is possible.
3. Technical Indicators:
- Higher Lows and Higher Highs: Confirming a bullish trend.
- RSI Trends: The Relative Strength Index (RSI) is making higher highs and higher lows, further indicating strengthening bullish momentum.
- Open Interest: There's been a noticeable increase in open interest, especially since yesterday evening, pointing to growing investor interest.
Concerns and Limitations:
1. Market Conditions: Given the current market conditions and the fact that it's the weekend, increased volatility is expected, which might affect price stability.
2. Limited Historical Data: IO is a relatively new coin with limited price action history, making it challenging to draw definitive conclusions.
3. Risks: Despite the bullish outlook, there are inherent risks due to the factors mentioned above.
In conclusion, while the analyst remains bullish on IO due to the observed momentum and technical breakouts, it's crucial to remain cautious and aware of the potential risks. The primary price target is $6.2-$6.4, with the possibility of resistance at this level. Continued monitoring and updates will be provided as the situation evolves.
$IO $BTC #BTC #BinanceTournament $BNB #Trading #altcoins
.
.
.
.
IO's price action has turned notably bullish since Friday's selloff, suggesting a promising setup for potential gains. The current structure is standard and indicates bullish momentum, with key technical indicators supporting this outlook.
Key Observations:
1. Bullish Setup and Structure: IO has been forming higher lows and higher highs, a classic bullish pattern.
2. Potential Price Targets: Immediate resistance is observed around $6.3-$6.4. If this level is breached, a rally to $7 or even $7.5 is possible.
3. Technical Indicators:
- Higher Lows and Higher Highs: Confirming a bullish trend.
- RSI Trends: The Relative Strength Index (RSI) is making higher highs and higher lows, further indicating strengthening bullish momentum.
- Open Interest: There's been a noticeable increase in open interest, especially since yesterday evening, pointing to growing investor interest.
Concerns and Limitations:
1. Market Conditions: Given the current market conditions and the fact that it's the weekend, increased volatility is expected, which might affect price stability.
2. Limited Historical Data: IO is a relatively new coin with limited price action history, making it challenging to draw definitive conclusions.
3. Risks: Despite the bullish outlook, there are inherent risks due to the factors mentioned above.
In conclusion, while the analyst remains bullish on IO due to the observed momentum and technical breakouts, it's crucial to remain cautious and aware of the potential risks. The primary price target is $6.2-$6.4, with the possibility of resistance at this level. Continued monitoring and updates will be provided as the situation evolves.
$IO $BTC #BTC #BinanceTournament $BNB #Trading #altcoins
