Bitcoin Daily Chart Signals Impending Sell-Off, Analyst Says

The flagship cryptocurrency, Bitcoin, is fast approaching $31,000 following its gains over the weekend. Analyzing this price action, crypto analyst Ali Martinez has predicted Bitcoin’s future trajectory as he suggests that the bears could regain dominance soon enough.  A Price Correction Imminent For Bitcoin In a post shared on his X (formerly Twitter) platform, Martinez noted the potential head-and-shoulders pattern that was forming on the Bitcoin daily chart following its upward trend. This chart pattern has always been considered bearish as it suggests that a trend reversal might be on....

An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming. Ethereum Has Recently Formed A TD Sequential Sell Setup In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset. The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a....

After ten months of decline, the only option for the Bitcoin price seems to be more downside. Analysis considers the state of the decline and defines confirmation signals for trend in the months ahead. Bitcoin Price Chart Overview. Two channels of price action imply two very different paths for price: The red channel, at first glance, seems to be the logical choice and implies a decline low around $200. If price does not break below the purple channel's lower trendline (with a caveat - see below) then, we face the prospect of an immediate advance. Fortunately, we don't have to guess....

A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....

One analyst suggests shorting the ongoing SHIB price rally brings "excellent opportunities." Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks.  SHIB price rallied to mid-January highs On Monday, the meme-token climbed to $0.00002961, its best level since Jan. 18, amid renewed buying interests across the cryptocurrency market. Before the retracement, SHIB's price had crashed by almost 80% from its record high of $0.00008870.Nonetheless, the wild price recovery also came closer to triggering two classic sell signals. First, SHIB's....