JUST IN: $140 million worth of crypto short positions liquidated in the past hour.
#BTC shifted the direction, trying to surpass the resistance area, still closing is pending yet. Nothing much as of now, If its pumping let see if it crosses the $95,000 and $100,000 again.
#BTC flipped the resistance given a close over it, Now today price retesting the zone as resistance but we have to keep in mind that, it can turn it into a fakeout. Weekly close will decide the further directional move.
#BTC gave daily candle close below of the zone again, might turn this into a fakeout now. Had an retest and wicks showing rejection now. Price back into the range now, if everything remains good, then a breakout is expected.
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#BTC falls back below $90,000 level and kinda very sideways move happening. Price reacting from the resistance area drawn, but weekly closing will determine something better for direction.
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#BTC still inside the consolidation range, back to support zone now. Price need to sustain over the zone specially in Daily TF, and have go wait for the breakout to happen.
#GOLD failed to take a break after retest and gone into sideways market now. Price had it rejection again from the top and can fall more, around $4130, where a reversal could happen.
Here's the Analysis of #PUMP :
#PUMP going through the falling wedge pattern and formed a very clean and strong support zone around $0.00244 - $0.0026. Internally, it forming a Bear Flag, which is a bearish continuation pattern, and can take a dip lower after a breakout. Take the risk as per the clean breakout in the clean direction.
#PUMP going through the falling wedge pattern and formed a very clean and strong support zone around $0.00244 - $0.0026. Internally, it forming a Bear Flag, which is a bearish continuation pattern, and can take a dip lower after a breakout. Take the risk as per the clean breakout in the clean direction.
#BTC jump due small news event and fresh money entering into the market. Price again hit the resistance area and gave a breakout but in Daily TF, its rejection candle wick. This might be trap fir bullish move, have to wait more for clear closing of the zone.
π¨BREAKINGπ¨
πΊπΈ FED CUT RATES BY 25 BPS.
AS EXPECTED, BULLISH π₯
πΊπΈ FED CUT RATES BY 25 BPS.
AS EXPECTED, BULLISH π₯
#BTC gone as per the call, its a clean trap move, price failed to close over the resistance area and now its again on the support zone, already having it reaction through it. Also, FED rates cut happen but gone opposite, and it was expected. Have to wait more for the further price action and breakout now.
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