Phenominalone
Frequent Trader
3.4 Years
Web 3 Homie
4 Following
23 Followers
18 Liked
0 Shared
Posts
Despite sluggish trading volume, Bitcoin's $BTC monthly close today is critical.
The key level to watch is $102,500, which was the high of the last monthly candle.
A close above this mark would be a positive signal, potentially averting a longer corrective period.
Conversely, a monthly close below $102.5k could usher in an extended consolidation or further downside.
All eyes are on this crucial session end.
#bitcoin #BTC #crypto #MonthlyClose #MarketUpdate
The key level to watch is $102,500, which was the high of the last monthly candle.
A close above this mark would be a positive signal, potentially averting a longer corrective period.
Conversely, a monthly close below $102.5k could usher in an extended consolidation or further downside.
All eyes are on this crucial session end.
#bitcoin #BTC #crypto #MonthlyClose #MarketUpdate
SUI/USDT $SUI – Possible Reversal in Play? Key Entry Zones to Watch 👇
📈 Analysis:
$SUI has recently retraced from its recent high (~4.20) after an 87% rally and is now showing signs of a possible bounce setup around key Fibonacci levels.
Here’s what I’m watching:
✅ Entry Zone 1:
Around 3.16–3.25 USDT → Close to the 0.5 Fib retracement. Price has shown support here before and may bounce if volume returns.
✅ Entry Zone 2 (High Risk/High Reward):
Around 2.65–2.85 USDT → 0.618 Fib zone. If price dips further, this could act as a major support and offer a stronger bounce opportunity.
🎯 Short-term Target:
If bulls step in, we could see a push toward the 3.60–4.10 USDT zone (upper resistance) in the coming sessions.
🔄 Volume and RSI at the bottom also hint at potential reversal conditions.
⚠️ DYOR Disclaimer:
This is not financial advice. Always Do Your Own Research (DYOR) and manage your risk wisely. Crypto markets are volatile — only invest what you can afford to lose.
#SUI #SUIUSDT #Altcoins #CryptoTrading #SpotTrader #BinanceSquare #TA #ChartAnalysis #DYOR #CryptoPakistan
$SUI
📈 Analysis:
$SUI has recently retraced from its recent high (~4.20) after an 87% rally and is now showing signs of a possible bounce setup around key Fibonacci levels.
Here’s what I’m watching:
✅ Entry Zone 1:
Around 3.16–3.25 USDT → Close to the 0.5 Fib retracement. Price has shown support here before and may bounce if volume returns.
✅ Entry Zone 2 (High Risk/High Reward):
Around 2.65–2.85 USDT → 0.618 Fib zone. If price dips further, this could act as a major support and offer a stronger bounce opportunity.
🎯 Short-term Target:
If bulls step in, we could see a push toward the 3.60–4.10 USDT zone (upper resistance) in the coming sessions.
🔄 Volume and RSI at the bottom also hint at potential reversal conditions.
⚠️ DYOR Disclaimer:
This is not financial advice. Always Do Your Own Research (DYOR) and manage your risk wisely. Crypto markets are volatile — only invest what you can afford to lose.
#SUI #SUIUSDT #Altcoins #CryptoTrading #SpotTrader #BinanceSquare #TA #ChartAnalysis #DYOR #CryptoPakistan
$SUI
Classic Bitcoin Pattern Is Signaling Something Big – Are You Ready?
(BTC/USDT)$BTC daily chart prominently displays a potential Inverse Head and Shoulders (IH&S) pattern, a classic bullish reversal signal often indicating a potential shift from a downtrend to an uptrend.
Key components visible:
Left Shoulder: Formed with a price dip and recovery around December 2024 - January 2025.
Head: The lowest point of the pattern, established near the $74,500 mark around March - April 2025.
Right Shoulder: A more recent dip and recovery, ideally shallower than or equal in depth to the left shoulder, forming around May - early June 2025. Support for this shoulder appears in the $90,91k - $96,97k region.
The critical neckline of this pattern, acting as major resistance, can be drawn connecting the peaks after the left shoulder and the head. This appears to be an upward-sloping zone approximately between $98,000 and $100,000.
At the time of the chart ($BTC at $103,673.48), the price is shown attempting to break above this crucial neckline.
Brief Implications:
Bullish Signal: A confirmed breakout above the neckline (e.g., a sustained daily close above $100,000 with strong volume) would validate the IH&S pattern.
Potential Target: The traditional price target for this pattern is calculated by measuring the distance from the bottom of the Head to the neckline and adding it to the breakout point. This could project a significant move, potentially towards the $123,500 - $125,000 area (approx. $24,500 height added to a ~$99,000 breakout).
Key Levels to Watch:
Resistance (post-breakout): $106k-107k, then the charted high of $111,980.
Support: The neckline ($98k-$100k) should act as support if the breakout is successful. Below that, the right shoulder area ($90.9k-$96.97k).
#BTC
#crypto
#chartpattern
(BTC/USDT)$BTC daily chart prominently displays a potential Inverse Head and Shoulders (IH&S) pattern, a classic bullish reversal signal often indicating a potential shift from a downtrend to an uptrend.
Key components visible:
Left Shoulder: Formed with a price dip and recovery around December 2024 - January 2025.
Head: The lowest point of the pattern, established near the $74,500 mark around March - April 2025.
Right Shoulder: A more recent dip and recovery, ideally shallower than or equal in depth to the left shoulder, forming around May - early June 2025. Support for this shoulder appears in the $90,91k - $96,97k region.
The critical neckline of this pattern, acting as major resistance, can be drawn connecting the peaks after the left shoulder and the head. This appears to be an upward-sloping zone approximately between $98,000 and $100,000.
At the time of the chart ($BTC at $103,673.48), the price is shown attempting to break above this crucial neckline.
Brief Implications:
Bullish Signal: A confirmed breakout above the neckline (e.g., a sustained daily close above $100,000 with strong volume) would validate the IH&S pattern.
Potential Target: The traditional price target for this pattern is calculated by measuring the distance from the bottom of the Head to the neckline and adding it to the breakout point. This could project a significant move, potentially towards the $123,500 - $125,000 area (approx. $24,500 height added to a ~$99,000 breakout).
Key Levels to Watch:
Resistance (post-breakout): $106k-107k, then the charted high of $111,980.
Support: The neckline ($98k-$100k) should act as support if the breakout is successful. Below that, the right shoulder area ($90.9k-$96.97k).
#BTC
#crypto
#chartpattern
BTC Navigates Bearish Divergence Ahead of Potential Major Breakout?
A recent chart of $BTC Bitcoin (BTC/USDT) on the daily timeframe presents a classic technical pattern that could indicate a potential trend reversal. However, traders are closely watching key resistance levels for confirmation.
The most prominent feature on the chart is a potential Inverse Head and Shoulders pattern. This bullish formation typically appears after a downtrend and can signal a shift in momentum towards an upward trajectory. The pattern is characterized by
Left Shoulder: A dip in price followed by a partial recovery. (Clearly visible on the chart, forming around December 2024 - January 2025)Head: A further, deeper decline in price, forming the lowest point of the pattern. (Observed around March - April 2025)Right Shoulder: A subsequent rally followed by another dip that is generally shallower than the head and ideally around the same level as the left shoulder. (Currently forming or recently formed around May 2025)
Connecting the peaks of the recoveries between the shoulders and the head forms the neckline. In this chart, the neckline appears to be a slightly upward-sloping zone, roughly between the $98,000 and $100,000 mark. A sustained breakout above this neckline is considered a bullish confirmation of the pattern, often leading to a significant price increase. The projected target for such a breakout is typically the distance from the head to the neckline, added to the breakout point.
Key Levels and Observations:
Support Levels: The chart indicates several horizontal support zones. The most significant recent support was found at the bottom of the "Head" around the $74,500 level. Prior support levels are visible around $90,91k and $96,97k, which previously acted as resistance and are now being tested as potential support for the right shoulder.Resistance Levels: The primary resistance to watch is the aforementioned neckline of the inverse head and shoulders pattern. Above this, a previous resistance zone is noted between $106,107k. The all-time high for this period is marked near $111,980.Current Price Action: At the time of the chart, $BTC is trading around $103,673, which is above the identified neckline, suggesting a potential breakout is in progress. However, it's crucial to observe if this breakout can be sustained.Bearish Indication (Overlay): Interestingly, the image also includes a textual overlay stating, "This image might show: bearish black swan pattern." While the visual inverse head and shoulders is more clearly defined, a "Black Swan" in financial markets typically refers to a rare, unpredictable, and high-impact event. A "bearish black swan pattern" is a less common term in standard technical analysis.It might refer to a specific proprietary indicator or a more complex harmonic pattern not immediately obvious. If a bearish Black Swan pattern were indeed forming, it would imply a potential sharp downturn, contrasting with the bullish implications of the inverse head and shoulders. This warrants caution and suggests traders might be looking for confluence or divergence with other indicators.
Outlook and Considerations:
The formation of a potential inverse head and shoulders pattern on the daily chart for Bitcoin is a noteworthy development that could attract bullish interest. However, several factors should be considered:
Confirmation: A daily close significantly above the neckline with strong volume would provide greater confirmation of the bullish breakout.Volume: Increased trading volume accompanying the breakout would strengthen the validity of the pattern. (Volume data is partially visible at the bottom of the chart, but a closer inspection would be needed during the actual breakout).Macroeconomic Factors: Broader market sentiment and macroeconomic news can significantly influence cryptocurrency prices, potentially overriding technical patterns.Conflicting Signals: The mention of a "bearish black swan pattern" suggests that some analytical tools or interpretations might be pointing towards downside risk. Traders should be aware of such potential counter-signals.
#bitcoin #BTC #cryptotrading #InverseHeadAndShoulders #CryptoNews
The most prominent feature on the chart is a potential Inverse Head and Shoulders pattern. This bullish formation typically appears after a downtrend and can signal a shift in momentum towards an upward trajectory. The pattern is characterized by
Left Shoulder: A dip in price followed by a partial recovery. (Clearly visible on the chart, forming around December 2024 - January 2025)Head: A further, deeper decline in price, forming the lowest point of the pattern. (Observed around March - April 2025)Right Shoulder: A subsequent rally followed by another dip that is generally shallower than the head and ideally around the same level as the left shoulder. (Currently forming or recently formed around May 2025)
Connecting the peaks of the recoveries between the shoulders and the head forms the neckline. In this chart, the neckline appears to be a slightly upward-sloping zone, roughly between the $98,000 and $100,000 mark. A sustained breakout above this neckline is considered a bullish confirmation of the pattern, often leading to a significant price increase. The projected target for such a breakout is typically the distance from the head to the neckline, added to the breakout point.
Key Levels and Observations:
Support Levels: The chart indicates several horizontal support zones. The most significant recent support was found at the bottom of the "Head" around the $74,500 level. Prior support levels are visible around $90,91k and $96,97k, which previously acted as resistance and are now being tested as potential support for the right shoulder.Resistance Levels: The primary resistance to watch is the aforementioned neckline of the inverse head and shoulders pattern. Above this, a previous resistance zone is noted between $106,107k. The all-time high for this period is marked near $111,980.Current Price Action: At the time of the chart, $BTC is trading around $103,673, which is above the identified neckline, suggesting a potential breakout is in progress. However, it's crucial to observe if this breakout can be sustained.Bearish Indication (Overlay): Interestingly, the image also includes a textual overlay stating, "This image might show: bearish black swan pattern." While the visual inverse head and shoulders is more clearly defined, a "Black Swan" in financial markets typically refers to a rare, unpredictable, and high-impact event. A "bearish black swan pattern" is a less common term in standard technical analysis.It might refer to a specific proprietary indicator or a more complex harmonic pattern not immediately obvious. If a bearish Black Swan pattern were indeed forming, it would imply a potential sharp downturn, contrasting with the bullish implications of the inverse head and shoulders. This warrants caution and suggests traders might be looking for confluence or divergence with other indicators.
Outlook and Considerations:
The formation of a potential inverse head and shoulders pattern on the daily chart for Bitcoin is a noteworthy development that could attract bullish interest. However, several factors should be considered:
Confirmation: A daily close significantly above the neckline with strong volume would provide greater confirmation of the bullish breakout.Volume: Increased trading volume accompanying the breakout would strengthen the validity of the pattern. (Volume data is partially visible at the bottom of the chart, but a closer inspection would be needed during the actual breakout).Macroeconomic Factors: Broader market sentiment and macroeconomic news can significantly influence cryptocurrency prices, potentially overriding technical patterns.Conflicting Signals: The mention of a "bearish black swan pattern" suggests that some analytical tools or interpretations might be pointing towards downside risk. Traders should be aware of such potential counter-signals.
#bitcoin #BTC #cryptotrading #InverseHeadAndShoulders #CryptoNews
Login to explore more contents