SOL to MIL:1K is barely a 5x NASDAQ:OM to $50 is almost a 10x. That's the tweet.
Hello, Traders! After reaching a new ATH at $108k, Bitcoin experienced a significant drop following Jerome Powell's speech that the Fed cannot hold Bitcoin and is not seeking to change that, which seems to have caused some uncertainty in the market. As a result, BTC price saw a steep decline, but it recently rebounded, almost touching the $100k level again. The current focus for Bitcoin is a critical support area at around $91k. This area has held up well in recent price action, and we saw a recovery bounce from this region again. There is a strong chance that BTC could revisit this support area in the coming days, and it could provide another opportunity for a potential rebound. This support area is essential because it represents a significant price range where buyers have stepped in to defend the uptrend. If Bitcoin does test this zone again and holds above $91k, the probability of a further upward move remains high. In addition to the immediate price action, there’s a key factor to consider: the monthly candle close. Bitcoin needs to close the current monthly candle above $96k for the market to maintain its bullish sentiment. A green monthly close at this level would provide strong confirmation that the overall trend remains intact and that BTC is on track for further price appreciation. The next few days are critical for determining whether BTC can sustain momentum to close the month in the green. If Bitcoin can hold above $96k by the end of the month, it would signal that the upward trend is still in play and that a continuation toward higher levels could be on the horizon. Looking ahead to next week, there are two possible scenarios: 1. Continued Support Test: Bitcoin may dip back towards the $91k support area. If this area holds strong, it could set up another bullish reversal, targeting a move back toward the $100k area or even beyond. 2. Break Below Support: If Bitcoin fails to maintain support in the $91k area, we could see further downside, potentially testing lower levels. In this case, caution is warranted, as the next major support zone would be considerably lower. Conclusion The next week could be crucial for Bitcoin’s price action. A monthly candle close above $96k would reinforce the bullish outlook, but if Bitcoin fails to hold support or closes the month in red, we may see more volatility in the near term. Please don’t forget to boost this idea and leave your comments below.
Low time frame important lvl This lvls should be works for next week
This is what has currently happened. There is a weekly swing high which we have consolidated at, ran it once then ran that initial run before breaking down and clearing out the low of the consolidation and running into discount of the range between the highest high created and the high of the monthly swing high. On the H1 there is an FVG at around 29cent which price may move to before continuation.
Nifty has been massacred by the brutal selling last week! If we look at the weekly chart, the weekly candle close has wiped out the last one month of Buying in a single blow! This clearly has signalled that we are in a Bear Market Grip. For the upcoming week, Nifty seems likely to trade between 24,400 & 23,155. The sentiment would be Sideways to Bearish. Option sellers could benefit from Straddles on a Weekly Expiry basis. Option buyers should look for reversals at boundaries for best risk reward opportunities. Presently Nifty is at the crucial Neck line on the Weekly Charting basis which is also the 50 Week Moving Average zone. Looking at the intensity of previous week's crash, this upcoming week could be a pause and then we could have a further downside crash towards 22,600 which is the 50% zone of the long term Weekly charting trend. If 22,600 doesn't hold then we will ultimately find good support around 22,000 level which is also the 100 Week Moving Average.
?? #MarketPullback: Navigating the Market Pullback ?? The market pullback has many traders and investors on edge. Here's what you need to know to stay ahead: ? Understand the Trend: A pullback could be a short-term dip in an ongoing uptrend or a sign of a larger correction. Identifying which one it is can help you make informed decisions. ? Opportunity or Caution?: A pullback presents an opportunity to buy at lower prices, but only if you believe the market will recover soon. Otherwise, holding off or cutting losses might be a safer play. ⚠️ Risk Management: If you're buying the dip, ensure you're managing your risk. Setting stop-loss orders can help minimize potential losses if the market continues to drop. ? Market Sentiment: Pay attention to news and investor sentiment. If the pullback is caused by external factors, such as regulatory changes or macroeconomic conditions, it could last longer. ? Are you ready to make your move or sitting this one out? Let me know your thoughts below! ??? Stay sharp. Stay informed. Trade smart. ???
Important lvl for eurousd One of these boxes should be work for next week
BYBIT:ETHUSDT BINANCE:ETHUSDT has recently bounced off the $3000 support zone after a significant correction from the $4000 resistance. This pullback presents a compelling opportunity for accumulation. Strong volume accompanying the bounce suggests underlying bullish sentiment. While the $4000 level currently acts as a formidable resistance, a decisive break above this mark could trigger a substantial uptrend. As always, prudent risk management is crucial. Implement a strict stop-loss order to mitigate potential losses and protect your capital. COINBASE:ETHUSDT Currently trading at $3390 Buy level: Above $3100 Stop loss: Below $2750 Target : $6000 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
ElSalvadorBTCReserve : El Salvador's Bitcoin Reserve El Salvador’s bold decision to embrace Bitcoin as legal tender has captured global attention, and its Bitcoin Reserve is now making waves. Here’s the latest: ? Bitcoin Reserve Growth El Salvador continues to strategically accumulate Bitcoin for its national reserve, reinforcing its commitment to cryptocurrency and its long-term potential. ? A Strategic Economic Move By holding Bitcoin, the country aims to leverage potential price appreciation, a strategy that could transform its financial system and influence global crypto adoption. ? Global Ripple Effect As a trailblazer in adopting Bitcoin as legal tender, El Salvador might inspire other nations to explore similar paths. --- ? What’s Next? ? Continued Accumulation: Will El Salvador keep adding Bitcoin during market fluctuations? ? Market Impact: How could this growing reserve influence Bitcoin's global price dynamics? As El Salvador’s Bitcoin journey evolves, the world watches to see how this bold experiment shapes the future of cryptocurrency adoption.
On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to support experimental projects built on the burgeoning Bluesky/AT Protocol ecosystem. Four weeks later, Skyseed emerged with an initial commitment of $1 million. This turnaround, a speed underscored by the fact that the fund doesn’t even have a website […] © 2024 TechCrunch. All rights reserved. For personal use only.