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Divis Labs Set to Soar: Breakout After Month-Long Consolidation.After nearly a month of consolidation, Divis Labs is showing signs of a breakout. With robust fundamentals and a positive market outlook, it’s gearing up for a substantial upward movement (6K on the cards) in the coming weeks. Keep an eye on key support levels and upcoming earnings reports for further validation. Setting up for potential 1:2 RR trade. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:DIVISLABLong
by Numan_SuriyaMohammed
Bitcoin's Resilience Amidst Bear Market: A Technical Outlook 📊"DISCLAIMER!! This is a 'worst-case' scenario/theory which is still bullish. Bitcoin also has a "monthly bearish-divergence on monthly, which would be the first time this has printed on the Bitcoin: INDEX chart. Also there are other variables such as black-swans/wars, CME-GAP, Declining volume on this whole 'rally' up. Also the first time Bitcoin has made a new all-time-high before a halving.(Blackrock-manipulation(prolonging bear-market-rally) "" "My current theoretical analysis suggests Bitcoin is testing a breakout from the cyclical triangle pattern observed in the last market cycle. If confirmed, this could signal the end of the bear market. There are speculations that BlackRock may have engaged in strategic market activities, potentially inflating Bitcoin's value to create a bullish sentiment during a bear market rally. This orchestrated optimism is believed to have sustained the price levels." Revisiting Triangular Patterns: A Classic Continuation? 🔺✨ Bitcoin's recent price actions suggest a retest of the structural integrity within a macro triangular pattern. Despite the bearish sentiments, the chart displays a potential 'higher low,' indicating an underlying strength. This scenario, if supported by volume and market participation, could signal the tapering off of the bear market. Black Swan Events and Market Dynamics 🦢🔄 The term 'Black swans' references unforeseen events with substantial market impact. The chart alludes to such events as pivotal in Bitcoin's trajectory, though it's critical to recognize that market manipulation allegations like those suggested against Black Rock require substantial evidence and are beyond technical analysis purview. Bullish Sentiments and Market Manipulation Claims 📈⚖️ While the narrative of market manipulation can influence short-term price movements, long-term trends in Bitcoin have shown resilience to such factors. The claim that bullish sentiments have artificially sustained prices is challenging to substantiate without concrete data. Higher-Low: The Bullish Bastion ⬆️🛡️ The chart points to a 'higher-low' formation, a classic bullish signal. This pattern reflects buyers stepping in at higher price levels than previous lows, suggesting an upward momentum. Bear Market Exit: A Technically Supported Theory? 🐻🔚 The conclusion that Bitcoin is testing the last cycle's triangle apex could be indicative of a bear market conclusion. However, this would need validation through other indicators like moving averages, RSI, and MACD, beyond the scope of the current visual data. Takeaway: Analyzing the Apex 🎯📝 Bitcoin's endurance of a macro 'higher-low' amidst a bearish cycle suggests optimism. However, reliance on a single pattern or market rumors for prediction is precarious. A holistic technical analysis, incorporating diverse indicators and market sentiment, provides a more robust framework for future price movement speculation. Conclusion: Informed Caution Is Key 🔍🔑 While the theory presents an optimistic case for Bitcoin, prudent investors should seek confirmation through a broad technical lens, mindful of market volatility and the speculative nature of cryptocurrencies. 📈 Please note: This analysis does not constitute financial advice and is for informational purposes only. Always conduct thorough research or consult a financial advisor before making investment decisions.
INDEX:BTCUSD
by Shibunacci
📉 Bitcoin Heading Down? 👎 How far? Hey guys - After what seems like an eternity trading sideways (with a few minor swings up and down), at last, we think there may some news, good news if you're a trader too! Possibly not so good if you're Hodling! Looks like BTC may be heading down in the near future. We've been following a strong line of support all the way up from the lows at $4000 back in March, now our ascending triangle is nearing "pinch" point, so we should be trading in the same direction as the breakout, and we have broken out, it's downward. This may be a classic "fakeout", in which case the price can expected to rise, but as we all know you should never try to catch a falling knife! Our Crypto Tipster Strategy is showing a Short on BTC daily chart, and after getting chopped out of a few trades recently (which is unlike our Tipster!) it's now time to catch a big swing! As you can see from previous support and resistance levels there's quite a large area that could get filled sometime soon! Possible lows ranging from $8700 all the way down to $6500! This is a huuuge movement from where we currently are, there's been cries of "above $10k" for some time now, if that's the general sentiment it's clear the majority of traders would be Long right now - remember the most important rule of trading? Do what others don't do! We're Short, and think you should be too! Time will of course tell :) theCrypster
KRAKEN:BTCUSDShort
by theCrypster
3
BTCUSD SELLMy bias is SELL BTCUSD, The consolidation period is nearly over, the MAs are widening out for stronger price action. Breaking out of the two resistance levels we have marked out. "BTCUSD to 5K" Says CRYPTOWZRD, I am with this bias however i think we should take it one step at a time, so i shall be shorting bitcoin to 6.4K. With a stop loss slightly higher than normal to allow wick fishing. The fed reserve did a speech yesterday which rose the price up slightly, still within our two resistance levels. Will this consolidation continue to the end of 2019 before the big bullish run up to 16k? Or will BTC fall into the waters before a huge bull run? Will the resistance even be broken? We shall see over the commencing weeks.
BITSTAMP:BTCUSDShort
by aaryanmistry_
Bitcoin - Why 6K Will Not Be Reached ! 100 MA Weekly Resitance!Is the bear market over ? And what has to happen for BITCOIN to step into the bull market ? Why is the 100 MA Weekly line the most important historical line for BITCOIN? Because once bitcoin broke above it in 2015 it acted as support through out the whole bull market. Once the big dip happened and it broke below you can see it acted as resitance multiple times and at that moment the so called 'Bear Market' started. Right the line is very close and i don't think BITCOIN has the momentum and volume to break above it as it shows great signs of topping out. Stop believing all the sheep traders saying it will crush 6K - 6.2K and maybe moon after because thats just to easy and bullshit. Remember always if something in live seems to simple and easy it is most likely not going to happen.
BITSTAMP:BTCUSDShort
by themarketdog
Bitcoin Target $6250 (2.6 fib ext and top of short-term channel)Once price breaks out of this consolidation range we should see an impulse to our 2.6 fib extension @6250 (Breakout by Tuesday). I will expand on this idea once we break out and confirm the move to the upside. I will also share my thoughts on why I believe we can now safely assume that the bottom IS IN. Woohoo! Hope you guys have a wonderful Sunday. Below is a screenshot of the idea I posted a few days before the breakout. Timed the initial push perfectly and the move was even stronger than I anticipated. Exciting times ahead in crypto! Note: Bar patterns are just a guide from previous fractals that I find similar and useful. I use them for visualizing but I don't rely on them or expect price action to mimic the bars. They do however provide good pivot points much of the time.
BITSTAMP:BTCUSDLong
by stephencarroll3