will #bitcoin retest the 70k region? $BTC there was a breakout from the 89k region, then it dropped further to 70s region before going back to the 94k region.
Is the move back to 94k a trap to buy before it drops back to the 70s region?
kindly don't buy #bitcoin or #ETH let them hit the lows of the lows..We are silently watching..one thing is for sure...we'll hit the ATH for both..accumulate capital to jump in
Support and resistance levels can be used in a variety of trading strategies. One common strategy is to buy an asset when it reaches a support level and sell it when it reaches a resistance level. This is known as range trading, and it can be an effective strategy in markets that are trading in a range.
Another strategy is to look for breakouts of support or resistance levels. A breakout occurs when the price of an asset moves above a resistance level or below a support level, indicating a potential trend reversal. Traders may use breakouts as a signal to enter a trade in the direction of the breakout.
It is important to note that support and resistance levels are not always precise. The price of an asset may break through a support or resistance level, or it may temporarily pierce a level before reversing course. Therefore, it is important to use other technical indicators and risk management strategies in conjunction with support and resistance analysis.$BTC $ETH
Guys If you can and you're in a long position...kindly lower your liquidation by adding margin. BTC should be around 65-70k region while Ethereum should be 1500 region.
On *December 17th, 2020*, the one and only *CZ (Changpeng Zhao)*, the CEO of *Binance*, made a bold tweet that perfectly predicted the market's movement. He said: *“Waiting for the new headline: Bitcoin crashes from 101,000 to85,000. Save the tweet.”* 😲💬
And guess what? Fast forward to *February 25th, 2025*, and it’s almost like CZ was reading the future! 🔮
On this day, *Bitcoin* crashed from *98,875.89* (where it was consolidating) to *89,876.56*. 📉
*CZ’s tweet* from 2020 was right on the money, and it's a perfect example of his legendary foresight in the crypto world. 🚀💡 This man has been predicting *market moves* for years, and he's been spot on! 📊👏
*Legendary, isn’t it?* 🏆
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💬 *Takeaway*: It's always important to *keep an eye* on market trends and listen to the *pros* like CZ! The crypto market is volatile, but with the right insights, we can navigate it like legends. ⚡
Currently trading at 91918.8. According to my analysis, the trading range is 89268.43 and 109704.08
What does this mean? A drop below 89268.43 could make us see lows of 78- to 79000 region, while a rise above 109704.08 could lead to ATH. [4400 then 5000] If you are already in the trade, kindly lower your liquidation to below 78000. If you just HODL, keep buying more if it keeps dropping.
$ETH
Currently trading at 2505.42 According to my analysis, the trading range is 2125.11 and 4107.61
What does this mean? A drop below 2125.11 could make us see lows of 1400-1520 region, while a rise above 4107.61 could lead to ATH. [120000, then 150000] If you are already in the trade, kindly lower your liquidation to below 1200. If you just HODL, keep buying more if it keeps dropping.
However, my analysis is open to criticism. Enjoy your trading.
I've been holding trades for 31 & 17 days, respectively, for both Ethereum & Bitcoin trades.
I've been using bots to trade, though I also later on Diversified to staking Ethereum & Solana.
WHAT NEXT?
Thinking of mining through the pool on Binance putting 100usdt for that and another 100 usdt for yield staking still Bitcoin [heard of babylon sth?], and invest an additional 100 usdt to drop further my liquidation for both bot trades. After that, definitely, I have to own 1 solana in completeness.
MY THOUGHTS:
I still believe in Ethereum going to 4000 and Bitcoin 150000. I'll admit there times I feel like giving up, more than not worried about losing money,<especially when Ethereum hit 2100 region> but I'll stick to my strategy. [plus I'm sure I won't lose my staked coins, which in a way I'm thinking staking coins should make like 60% of my portfolio].
$BTC $ETH $SOL
I think the market is at a place where it's better to just buy coins & Simple Earn them than trading especially if it's futures unless you have deep pockets to keep on adding funds to lower your liquidation.
CONCLUSION:
Making money is not Easy...The amount of patience needed in TRADING is just something else.