Analyst of Crypto, LONG Term investor || none of my post is financial advise. Do your own research before investing || ( X ) Account ( @ToTheMoon0008 )
When every retailer is Bullish what you think Big players will pump the market in a straight line. Of course not, they will wipe-out all panic traders by taking the consolidation long.
As you see many influencers start posting that they will sell their holdings because they know something that you can't.
🔹Identifying trends in cryptocurrency charts involves a combination of technical analysis tools and market context.
♦️ Time Frame Analysis :
- Higher Time Frames (Weekly/Daily) :
Start with these to determine the primary trend. Trends on higher time frames are more reliable.
- Lower Time Frames (4-hour/1-hour):
Use for entry points or to fine-tune trend analysis within the primary trend.
♦️ Visual Inspection :
- Price moves in a wave pattern. By studying the relationship between waves ( their duration, range and speed ) we will able to understand the nature of trend.
- Higher Highs & Higher Lows: Indicates an uptrend.
- Lower Highs & Lower Lows: Suggests a downtrend.
- Sideways Movement: Price oscillates within a range, indicating consolidation.
🔹 More information in upcoming post. Don't forget to Follow.
💵 Tether CEO announces the launch of a new product
Tether CEO Paolo Ardoino announced the launch of a new product by the issuer of the USDT stablecoin. The developing service will become one of the key components of the firm's "futuristic ecosystem," the businessman stated.
According to him, the product will use open-source code. However, Ardoino did not go into details or provide any launch timelines.
Users online speculate that it might involve a partnership with Holepunch. Another part of the community mentioned potential cooperation between the Lightning Network and the USDT issuer.
#Bitcoin is moving Accordingly . There is also a lot of liquidation above 70K. Soon or later #BTC will reached there 💯
_ToTheMoon0008
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Bullish
let's start to analyze #Bitcoin
• Double Top Formation:
The chart clearly indicates a double-top pattern, which is a bearish reversal pattern. This suggests that the price might face downward pressure in the short term.
• Support and Resistance Levels:
The price faced resistance around the 68,000 USDT mark and failed to break through, forming the double top & The purple-shaded areas around 65,000 USDT and 64,500USDT mark potential support levels where the price might find some buying interest.
• Breakout and Retest:
The price has broken below the neckline of the double top pattern and is currently retesting this level. A further decline towards the lower support levels is likely if the retest confirms the resistance.
• Trend Lines:
An upward trend line has been broken, indicating a shift from bullish to bearish sentiment in the short term.
• Bearish Scenario:
If the price fails to reclaim the neckline and the support at 65,000 USDT doesn't hold, it could drop further to the next support around 64,500 USDT.
• Bullish Scenario: If the price manages to break back above the neckline and sustain the momentum, it might retest the recent highs of around 68,000 USDT.
• Trump believes that Bitcoin will one day surpass the market capitalization of gold.
• Trump reaffirmed his previous intentions to make the US a more favorable jurisdiction for crypto business. If we don’t do this (regarding Bitcoin and the US) — China will.
• The US will become the cryptocurrency capital of the world and the global Bitcoin superpower.
• Trump promised to fire SEC Chairman Gary Gensler.
• If Kamala Harris becomes president — she will crush Bitcoin. She doesn’t understand anything about it.
• The digital dollar (CBDC) is evil. There will be no CBDC while I am president.
• When wars cease, cryptocurrencies will soar to unprecedented heights.
• Trump promised not to sell the BTC held on the US balance sheet.