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The main part of the drop in my opinion is over but we're now in the process of accumulating for the next move.

It will take some time for sure but the most important thing right now is to expect the range so you don't lose money trying to catch some move that can happen but most likely there will be many fakeouts before the real one.

Scalping is suggested.
Crypto Signals
DOT/USD looking good. It seems like it's breaking from this triangle and the target for this move up is $20. Good luck to those who decide to buy. If you want confirmation, it is a daily close above $17.
No confirmation, no move up πŸ˜‘

Still in the accumulation phase for the next move.

Not that bullish as it was before but the solid chance for $20 is still there.
This is currently a trouble area and resistance for ETH/USD pair.

I expect this range to continue but this will be a very important point in the future once we flip and turn it into support.
Sideways market continues while the range is getting tighter more and more.

Stay patient, there’s no point to force a trade when there’s no setup.
MATIC went through the huge hype in Q1 and half of Q2 this year and it's currently in a correction.

Buying this coin before the green zone would be definitely a FOMO move.

Even buying in that area would be more for short-term profit potential rather than holding for the long term cause I think long-term investors will be able to get this way cheaper.
Bitcoin is creating a potentially bullish pattern, is it going to be actually bullish?

Falling wedge is by default bullish trading pattern but is it going to turn actually bullish?

We need $32 000 support to hold because if we get the test of the lower trendline of this falling wedge, the chances of it being bullish will decrease drastically.
What's your opinion on Bitcoin?
anonymous poll

I'm bullish – 164
πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘ 42%

I'm bearish – 140
πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘ 36%

I have no idea – 88
πŸ‘πŸ‘πŸ‘πŸ‘ 22%

πŸ‘₯ 392 people voted so far.
As I said, continuation will continue for few weeks at least.
We're very close to testing this green area.

Seems like bears are in control at the moment.
The short positions on Bitfinex keep increasing. Also the largest Grayscale unlock is coming on 18 July. We expect high volatility during this weekend.
Bitcoin update!

Not reaching the upper trendline of this falling wedge is clear sign that bears are currently in control
Bitcoin is currently trading near the lows of a significant on-chain volume node.

Between prices of $31k and $34.3k, over 1.86M $BTC have transacted on-chain, equivalent to 9.93% of the circulating supply.

This is now convincingly the largest realised volume cluster since $12k.
Bitcoin update
The bottom is close!
Crypto Signals
As I said, continuation will continue for few weeks at least.
Our forecast on ADA/USD pair is being followed so far almost perfectly.

The question is, are we going to reach the local bottom around these prices and start a mini uptrend.
Crypto Signals
Bitcoin update
Bitcoin update!

The continuation continues which makes a lot of people anxious and impatient.

Yeah, this is not an ideal market condition for active traders but you have to deal with the conditions markets are offering.

If it's slow and not volatile at all, forcing trades could make you enter the trade just before a big shakeout on both sides of the market.

That's what I expect and once it happens, I'm going to analyze the structure of that shakeout and start looking for the next trade.

As an investor, buying now is definitely a good spot as $40k for Bitcoin is coming. the question is when.
People is scaring the GBTC (Grayscale Bitcoin Trust) Unlock dates might cause the massive dump at the moment ( A big week for Grayscale with scheduled GBTC unlock starting today).

Today, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.

Let's see how it goes but it's probably nothing will happen.
Bounce, or break, that is the question
2024/09/28 21:23:55
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