Crypto Family

2024-06-16 10:07:45 #BTC/USDT ANALYSIS

Bitcoin is currently trading within an ascending triangle pattern. The price is fluctuating close to an important upward trendline, indicating strong support.

Additionally, the 100-day moving average is acting as a significant barrier. Given these conditions, we can expect a bounce from the trendline of the pattern.

However, if Bitcoin breaks below this trendline, it could trigger a further market correction. This would indicate a shift in momentum from bullish to bearish, potentially leading to lower price levels. Open / Comment

2024-06-15 21:16:27 #BTC DOMINANCE ANALYSIS

BTC.D recently broke down from a rising wedge pattern on the weekly timeframe, suggesting the possibility of further decline. It is currently retesting the wedge's lower boundary.

If this retest is successful and BTC.D drops below the 21MA, a significant decline could follow, potentially triggering a strong bullish rally in the Altcoins market. Open / Comment

2024-06-15 16:37:03 #BAKE/USDT ANALYSIS

BAKE is currently breaking a strong resistance trendline, supported by bullish momentum indicated by the 100-day moving average. A breakout above this trendline would confirm bullish sentiment.

However, there's also the possibility of a retreat from this level. Keep a close watch for the next move. Open / Comment

2024-06-15 09:28:09 #BTC/USDT ANALYSIS

Bitcoin is currently trading within the ascending triangle. The price hovers near a key upward trendline of the triangle indicating strong support.

The Ichimoku Cloud, with a green cloud beneath the current price, offers additional support, aligning closely with the trendline.

Bitcoin's current consolidation around the trendline and the cloud's edge suggests a crucial decision point, a breakout above this triangle would be a bullish signal, while a break below may lead to a deeper correction. Open / Comment

2024-06-14 09:11:49 #BTC/USDT ANALYSIS

After breaking down the ascending trendline (dashed line), BTC is now trading above the 100 MA, which is currently acting as support. A bounce from this level and a subsequent breakout of the pattern would serve as bullish confirmation. However, if BTC loses the 100 MA support, we can expect a downward movement and further consolidation within the triangle. Open / Comment

2024-06-13 14:27:42 MicroStrategy announced plans to raise funds through a private offering of $500 million of convertible senior notes, which it plans to use to purchase more Bitcoin and for other corporate purposes. The notes will mature in 2032. Open / Comment

2024-06-13 11:16:55 #BTC/USDT ANALYSIS

Bitcoin has broken down the ascending trendline (dashed line) and is currently trading within the Ichimoku cloud zone. We can expect a downward movement and further consolidation inside the ascending triangle. However, if it breaks above the triangle's horizontal resistance zone, we could see significant gains in the crypto market. Open / Comment

2024-06-12 15:16:54 #WIF/USDT ANALYSIS

WIF is currently consolidating within a symmetrical triangle pattern, indicating a period of indecision in the market. The price is rebounding from the support trendline of this triangle, suggesting potential upward movement.

However, the Ichimoku cloud is acting as a significant resistance level, which must be overcome for further gains. A successful breakout above the triangle's resistance line would provide a strong bullish confirmation, potentially leading to a sustained upward trend. Open / Comment

2024-05-12 14:42:58 #WIF/USDT ANALYSIS

WIF is moving in a symmetrical triangle. Currently, it is trading below the trendline resistance and inside the Ichimoku cloud. RSI is in the neutral zone. We've to keep an eye on a solid breakout or breakdown of the triangle for the confirmation of its next direction. Open / Comment

2024-05-12 14:14:19 #IMX/USDT ANALYSIS

IMX has broken out of the symmetrical triangle pattern. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. An upward move is anticipated following a successful retest of the triangle. Open / Comment