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#USElectronicsTariffs Tariffs have had no direct impact on cryptocurrencies and crypto companies, but these assets were dragged down by a general risk-off sentiment from investors who see them as highly volatile. The economic uncertainty caused investors to flee risky assets in an attempt to brace themselves for the impacts of a brewing trade war. “This environment is very much a macro-driven environment,” John Tadaro, an analyst at investment bank Needham & Company, told Fortune. “In the last two weeks, Coinbase and other companies I cover are trading mostly based on tariffs, expectations for fiscal policy, and a general either risk off or risk on sentiment.”
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I vote mubarak
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#TradersBootCamp $BTC Bitcoin can fall to buyer zone and then start to grow Hello traders, I want share with you my opinion about Bitcoin. A while ago, the price entered a downward channel, where it immediately rebounded from the resistance line and dropped to the resistance level, which aligned with the seller zone. After that, BTC bounced back up, rising to the resistance line of the channel before falling to the support line. However, it quickly climbed back to the seller zone before continuing its decline within the downward channel. Later, the price reached the 99000 resistance level, reversed, and dropped to the support level, which coincided with the buyer zone. Eventually, it broke through this level, exiting the downward channel. After that, Bitcoin started trading within a triangle pattern, where it made a sharp upward impulse from the support line to the resistance line, followed by a correction to the 84400 support level. Recently, BTC rebounded from this level and attempted to grow but failed, and now it is trading near the support line of the triangle. In my view, Bitcoin could decline to the buyer zone, breaking out of the triangle pattern before beginning a new upward movement. Based on this, my target is set at 93000. Please share this idea with your friends and click Boost 🚀. $BTC
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The previously discussed breakout from the wedge structure on POND propelled the price toward the projected target. Following this move, a deep corrective phase ensued, bringing the price into a key support zone. This area of interest is expected to serve as a strong re-accumulation zone, while the main supply zone remains a critical resistance level to monitor for potential reversals for bullish continuation #BinanceTraderSmarter #BNB $BNB
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#USJobsSlump $BTC Bitcoin( BTCUSD ) started to rise as I expected in the previous post, but Donald Trump helped double the momentum of Bitcoin yesterday. But the question here is whether the correction of Bitcoin is over or if this is an increase in the chance of exit. Bitcoin is trying to break the Heavy Resistance zone($93,300_$89,250). According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing wave 4 and we should wait for wave 5. Note: Due to the high momentum of wave 3, it is possible that wave 5 is a truncated wave. I expect Bitcoin to rise to at least $95,000 in the coming hours. The next target of Bitcoin can be Resistance lines and 100_SMA(Daily). What do you think about Bitcoin movement? Time to escape or wait for a new All-Time High(ATH) to be created?
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