Bitcoin Traders Long The $39K Dip, Will BTC Head In Expected Direction?
Rejected once again as it attempted to reclaim the $40,000 area, Bitcoin trades just north of $39,000. The first crypto by market cap is moving on a low timeframe range between the mid area of its current levels, and around $48,000. Related Reading | Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term In higher timeframes, Bitcoin seems trapped between the low $30,000s and the high $60,000s. Whenever it approaches, traders turn to high fear of high greed levels. At the time of writing, Bitcoin trades at $39,300 with a 3% and 7% loss in the last 24....
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In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process. Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it is necessary to identify and close a trade as soon as the trend starts to reverse.One classical setup that is considered reliable in spotting a trend reversal is the....
Ethereum’s price has stopped before choosing a direction. What is to be expected? Which direction will Ethereum pick? After bouncing off the $11.4 resistance, Ethereum’s price failed to hold at that level. The buyers were more numerous. The $11.4 level is important because it’s the most profitable price for the Bulls. If one compares the rebounds of the upward trend, that becomes easy to notice. Most traders make their decisions at points exactly like that.
Bitcoin (BTC) is attempting to push above critical demand levels today as traders position ahead of the US Federal Reserve meeting, a key event that could influence market direction for the weeks ahead. The market remains cautious but tense, with volatility expected to spike once the Fed reveals its stance on interest rates and quantitative […]
Over the last week, XRP prices have dropped by almost 3%, returning to settle in a consolidation around the $1.43 zone. Notably, this performance aligns with a broader negative sentiment among traders, who are confidently bearish on the altcoin direction. However, an underlying accumulation pattern points to a long-term bullish bet. Related Reading: Coinbase Is […]
Binance’s top traders are leaning more aggressively toward the long side in Dogecoin, even as broader price action remains muted. Data shared by CryptoQuant verified author CW on a 4-hour basis, along with an additional 24-hour Coinglass snapshot reviewed for NewsBTC, points to the same underlying trend: large traders on Binance are building bullish exposure to DOGE. CW framed the move in simple terms: “Amidst the current sluggish trend, Binance top traders are increasing their long positions on DOGE. They are quietly increasing their bets on a rise in DOGE.” The charts back that up. On....