Badowi, a cryptocurrency analyst since 2017. Specializes in market analysis using support and resistance indicators, tracking golden crosses to identify optimal
Ethereum breaks the chains and surpasses its historical peak
🚀 Ethereum breaks the chains and surpasses its historical peak... Has the Altcoin season really begun? 🔥
In a long-awaited scene, Ethereum (ETH) writes a new chapter in its history and leaps above its previous historical peak, igniting excitement in the entire market. This event is not just a new number, but a starting signal for a phase that could change the rules of the game in the world of cryptocurrencies.
Bitcoin market cycle indicators, which are used to analyze the phase the market is going through (Are we at the beginning of a rise? In the middle of the cycle? At the top of a bubble? Or at the bottom?). Let me explain to you in detail the contents of the image:
🧭 Main title: Market cycle indicators This section provides a general summary of the current market situation based on a set of indicators.
In Elliott Wave analysis, waves generally appear as follows:
Detailed explanation of the waves:
1. Wave 1: Starts from the main bottom at 52,550 up to the first peak at approximately 95,657.
2. Wave 2 $BTC : This is the downward correction that comes after wave 1, which occurred from the peak of 95,657 to the bottom at approximately 80,000.
3. Wave 3: Starts from the end of wave 2 (around 80,000) and rises strongly to a new peak at 123,218, which is currently in formation and may not be complete yet.
> Wave 3 in Elliott is usually the strongest, characterized by high trading momentum, as confirmed by indicators such as the MACD and OBV in the chart.
Supporting notes from the indicators:
RSI is bullish and confirms momentum.
MACD indicates a strong bullish crossover.
Stoch RSI is in overbought areas but has not given a reversal signal yet.
OBV is continuously rising, reflecting strong liquidity inflow.
The Bitcoin peak for this cycle is between 140,000 to 160,000, and God knows best. $ETH $BTC
#TRB forms a Cup and Handle pattern on the daily timeframe
The pattern shown in the chart is a "Cup and Handle" pattern, and it seems that the general conditions for this pattern have largely been met. Let me clarify the analysis step by step: ✅ Pattern components confirmed: 1. Cup: There is a clear circular bottom from the 67.86 area to 19.43, then a gradual rise to 48.97. The shape resembles a semicircle, which aligns with the characteristics of a cup.
- The United States of America announced a trade deal with China in the Swiss city of Geneva, on Sunday, May 11, 2025. This announcement, which came via an official statement from the White House, represents a potential turning point in trade relations between the two countries, which have experienced severe tensions in recent years due to the escalating trade war.
Details of the agreement and efforts to address the massive trade deficit
U.S. Treasury Secretary Scott Pisent expressed his happiness with the significant progress made during the trade talks between the United States and China, according to the statement issued by the White House. Pisent praised the role of the Swiss government, which hosted the negotiations, emphasizing that the chosen venue for the talks greatly contributed to achieving positive and productive outcomes. He noted that this deal is part of the United States' efforts to address the huge trade deficit of $1.2 trillion with China, which led President Donald Trump to declare a national emergency and impose high tariffs on Chinese imports.
Comprehensive analysis of TOTAL2 using moving averages, Bollinger Bands, RSI, Stochastic, MACD, and price candles (weekly timeframe, April 2025) 1. Moving Averages SMA10 and SMA20: SMA10 (3,628,754,926) is above SMA20 (-21,289,069,573), indicating strong bullish momentum in the short term. SMA30 and SMA50: SMA30 (980,201,918,567) is below SMA50 (1,021,961,807,383), reflecting temporary weakness in the medium term, but the current price (954,041,000,000) is above the averages, reducing the impact of this weakness. SMA100 and SMA200: SMA100 (1,095,955,313,757) and SMA200 (1,012,587,144,560) are above the current price, indicating a correction after previous highs. A previous golden cross (SMA50 > SMA200) supports the long-term bullish trend, but the current price below these levels suggests a correction. 2. Bollinger Bands Values: Upper limit: 1,688,043,873,120. Middle line (SMA20): 961,789,924,756. Lower limit: approximately 235,535,976,392. Situation: The current price (954,041,000,000) is close to the middle line (961,789,924,756), indicating the end of the previous overbought condition (at 1,555,150,516,891) and the beginning of stabilization or correction. The bands are wide, reflecting ongoing high volatility. 3. RSI (Relative Strength Index) Values: RSI (14): 46, neutral momentum with a decline from previously high levels (73). RSI (3, 14) K%: 73, short-term bullish momentum. RSI (3, 14) D%: 31, divergence between short and long momentum. Situation: RSI (14) at 46 supports the idea of the current correction after the previous overbought condition. K% (73) indicates potential short-term bullish momentum, but D% (31) warns of possible weakness. 4. Stochastic and MACD Stochastic RSI: K% (14, 3, 3): 73, D% (14, 3, 3): 31, supporting short-term bullish momentum but with divergence indicating caution. Stochastic (26, 12): -21,289,069,573, reflecting high volatility. MACD: MACD (26, 12): -21,289,069,573, indicating negative momentum in the medium term, aligning with the current correction. 5. Candlestick Analysis General trend: The chart shows a strong rise from about 900B to 1.414T (peak), then a sharp drop to 954B. Candlestick patterns: Peak (1.414T): a large bearish engulfing candle followed by consecutive bearish candles, indicating a strong bearish reversal after the overbought condition. Current correction: The price dropped to 954B, close to the middle line of the Bollinger Bands. Recent candles are small (Doji and long shadow candles), indicating indecision in the market and attempts to stabilize. Support: The price is close to a major support level at 961,789,924,756 (middle line of the Bollinger Bands). Recent candles show slight rebound attempts (long lower shadows), indicating buying pressure at this level. Resistance: The first resistance level at 1,021,961,807,383 (SMA50), then 1,177,470,072,163 (SMA100). 6. Bitcoin Dominance Bitcoin dominance at 64% is pressuring TOTAL2, supporting the current correction. A drop in dominance below 60% could enhance bullish momentum. 7. Support and Resistance Levels Resistance: 1,021,961,807,383 (SMA50). 1,177,470,072,163 (SMA100). 1,688,043,873,120 (upper limit of Bollinger Bands). Support: 961,789,924,756 (middle line of Bollinger Bands and SMA20). 948,301,748,032 (SMA10). 900B (psychological and historical support). Summary General trend: Bullish in the long term due to the previous golden cross, but the market is currently in a correction phase. Current situation: The price has dropped from 1.414T to 954B, aligning with the previous overbought condition (RSI 73, near the upper limit of Bollinger Bands). Candles show indecision (Doji and small candles) with rebound attempts at the support level of 961B. RSI (14) at 46 supports the correction, but K% (73) indicates possible short-term bullish momentum. Current signal: Potential buy signal if the price stabilizes above 961,789,924,756 with a strong bullish candle (like Bullish Engulfing). Sell signal if the price breaks below 948,301,748,032 (SMA10) with a large bearish candle. Risks: Continued Bitcoin dominance (64%) could push the price down to 900B. Current indecision may lead to sideways movement if no clear momentum appears. Recommendation Wait for confirmation of a rebound at 961,789,924,756 with a strong bullish candle to open a buy position. Set a stop loss below 948,301,748,032. Target 1,021,961,807,383 (SMA50) or 1,177,470,072,163 (SMA100). If the price breaks below 948B, prepare for a drop to 900B. Monitor Bitcoin dominance (a drop below 60% could enhance the rise).
Founder of Zero Edge Charged with Misuse of Investor Funds
According to BlockBeats, Richard Kim, the founder of the cryptocurrency platform Zero Edge, was arrested on Tuesday following allegations of misusing investor funds for gambling. The U.S. Federal Bureau of Investigation (FBI) filed an indictment in the Southern District of New York, accusing Kim of fraudulently convincing investors to fund his cryptocurrency company, Zero Edge, and then misusing millions of dollars. The FBI reported that Kim lost approximately $3.8 million of investor funds and now faces charges of securities fraud and wire fraud. Court records indicate that Kim has posted a secured bail of $250,000, which includes $100,000 in cash or property as collateral. In July 2024, Galaxy accused Richard Kim, the former general partner at Galaxy Interactive, an investment fund focused on gaming under Galaxy, of misusing at least $3.67 million from his new blockchain startup, Zero Edge. $SOL
The United States may consider selling gold to fund Bitcoin reserves, according to the analyst $BTC According to O'Daily, Standard Chartered Bank analyst Jeff Kendrick suggested that the United States might think about selling part of its gold reserves in a budget-neutral manner to fund strategic reserves of Bitcoin. Kendrick pointed out that one option could involve using the Exchange Stabilization Fund (ESF), which holds net assets of $39 billion. He also suggested that under federal leadership, U.S. states and institutional investors, including long-term pension funds, could be encouraged to allocate investments in Bitcoin. $ETH $BCH
Blessed month to you Wishing you well every year May God make the month of Ramadan a month of goodness for you and may it be green May God accept our good deeds from us and from you $SOL $ETH
According to Chainalysis, Elliptic, a blockchain data analysis company, has released a public data feed identifying wallet addresses linked to the North Korean hacking group Lazarus, which is suspected of orchestrating the $1.4 billion BitPay hack. In response, BitPay, a cryptocurrency exchange, launched an API for blacklisted wallets and a reward program to help recover stolen assets. Elliptic's data feed aims to reduce exposure to sanctioned wallets and prevent illicit money laundering within the cryptocurrency community.
Who has experience? Please guide me. I bought a quantity of Solana after the price collapse due to what happened to the Bybit platform. I lost about $40. What should I do?
Altcoin Season Begins with Increased Trading Volume
The start of altcoin season is signaled by increased trading volume, indicating a shift in investor preference towards altcoins. According to PANews, CryptoQuant CEO Ki Young Joo announced on February 21 that altcoin season has begun. While there is no direct flow from Bitcoin (BTC) to altcoins, stablecoin holders are showing a preference for altcoins. Altcoin trading volume is currently 2.7 times that of Bitcoin. Bitcoin’s dominance no longer dictates altcoin season; instead, trading volume is the main factor. However, this is a highly selective altcoin season, and investors are advised to do their own research (DYOR). $ETH $SOL $BTC #TRB