batcat presyoBTC

After recovering from the interim lows at around $92,400, the Bitcoin price has been consolidating below $95,000 for over a couple of days. As a result, these levels have become one of the pivotal levels to secure that could pave the way for the price to reclaim $100K at the earliest. While the technicals do not suggest a quick rebound, the bullish market sentiments suggest the price is expected to revive a strong rebound in a short while from now. The short-term price action of Bitcoin displays a constant formation of lower lows and highs that indicates the growing strength of bears.The price has also broken down from the rising parallel channel, which validates bearish claims. However, after displaying a fake breakout, the price may trap the bears at the lows as a major trend reversal is about to be stabilized as market participants continue to accumulate instead of panic selling. As per the Glassnode data shared by analyst Ali, the rise in the accumulation trend score suggests a strong buying interest among the market participants. The levels have been on constant rise since the November breakout; however, the recent sell-off has sparked some distribution. However, the levels remain within the bullish range and hence a rebound seems to be imminent. What’s next? Will BTC price Reclaim $100K Before the End of 2024? Although the BTC price has broken down from the bullish range, the token continues to trade within a bullish range. This indicates a flip could be on the horizon as the bulls are defending the support at $92,100 firmly for over a month. Now that the token has approached the last few days of the year, the bulls are expected to gain a huge dominance and revive a strong upswing soon. As seen in the above chart, the BTC price has broken the support of the rising parallel channel, which has circulated bearish waves. Even though the buying volume over the token remains around the average range, the impact of this is not seen as the price remains within the restrictive range. Besides, the DMI seems to be heading for a bearish crossover with the ADX heading towards the lower ranges. Additionally, the OBV, the balance-based indicator, maintains a consolidated descending trend, suggesting the trend is slowly shifting from bullish to bearish. The technicals suggest a pullback to the support at $92,000 at the moment, and if it rebound from this range, the BTC price may reclaim $100K; otherwise, a drop below $90,000 could be imminent. $BTC

However, today's trading session proved the bears wrong, as, first, Bitcoin (BTC) broke its downtrend, and then all alternative cryptocurrencies experienced a wave of price appreciation. Now that we have the pump, the question remains: will the renewed optimism last long enough for $XRP to recover to at least pre-dump levels? $XRP to USD by CoinMarketCap From one point of view, it is Christmas tomorrow, and traditionally, amid a festive mood, the cryptocurrency market sees a corresponding reaction.  On the other hand, we are at that time of the market when all traders and fund managers have to balance their books, close deals, report profits and losses, say goodbye and enjoy their year-end holidays.

$BTC is going to 140.000$ $ETH is going to 7000$ $SOL is going to 1100$ $SHIB is going to 0.01$ $DOGE is going to 2$ $XRP is going to 11$ THIS IS YOUR LAST CHANCE🚨 $BTC $ETH $SHIB $DOGE

# Mastering Chart Patterns & Support/Resistance Why It’s Important? • Trading without chart patterns or support/resistance is like navigating without a map. • These tools help predict price moves, reversals, and breakouts effectively. 1. Support and Resistance (Basics & Advanced) What is Support/Resistance? • Support: A price level where demand (buyers) stops the price from falling further. • Resistance: A price level where supply (sellers) stops the price from rising higher. How to Trade: • Bounce Strategy: Buy at support; sell at resistance. • Breakout Strategy: Trade a breakout when price breaches support or resistance with strong volume. Advanced Tip: • Treat broken support as new resistance and broken resistance as new support (Flip Zones). Example: • BTC holds support at $28,000 multiple times, forming a strong buy zone. After a breakout above $30,000, $30K now becomes new support. 2. Chart Patterns Every Trader Must Know A. Reversal Patterns: 1. Double Bottom (Bullish): • Price forms two lows at support, signaling reversal upward. • Confirmation: Break above the “neckline” (middle high point). • Example: BTC tests $20,000 twice, forms a double bottom, and breaks upward to $22,000. 2. Head & Shoulders (Bearish): • Price forms three peaks (1 middle higher and 2 side lower peaks). • Confirmation: Break below the “neckline” indicates reversal downward. B. Continuation Patterns: 1. Ascending Triangle (Bullish): • Higher lows with a horizontal resistance line. • Confirmation: Breakout above resistance, often with strong volume. 2. Descending Triangle (Bearish): • Lower highs with horizontal support. • Confirmation: Break below support, indicating a continuation downtrend. 3. Flags & Pennants: • Price consolidates in a flag-like structure during trends. • Trade breakout of the pattern in the direction of the existing trend. 3. Candlestick Patterns Key Patterns to Spot: 1. Bullish Engulfing: • Green candle “engulfs” the previous red candle. Sign of reversal upward. 2. Bearish Engulfing: • Red candle “engulfs” the previous green candle. Sign of reversal downward. 3. Doji: • Indicates market indecision (wait for the next candle to confirm direction). 4. Hammer (Bullish): • A small body with a long lower wick, showing buyers stepping in. How to Combine All These for Trading: 1. Identify Levels: Start with Support/Resistance Zones. 2. Spot Patterns: Use chart or candlestick patterns for confirmation. 3. Wait for the Break or Bounce: Trade the breakouts or bounces with proper risk management. Exercise for Students: • Analyze BTC, ETH, or EUR/USD on a 4H chart. Identify: • Support/Resistance levels • 1 Reversal Pattern (e.g., Double Bottom or Head & Shoulders) • 1 Candlestick confirmation (e.g., Bullish Engulfing). If this thread helped you react 👍 so I can share the next one on an advanced topic

Comparing $EARNM to Other Trending Cryptocurrencies Evaluating $EARNM alongside other trending cryptocurrencies requires considering multiple factors, including market performance, use cases, community adoption, and long-term potential. Here's a comparison of $EARNM with several notable cryptocurrencies: $EARNM vs. Bitcoin ($BTC) - *Market Position*: Bitcoin leads in market capitalization, recognition, and adoption. - *Use Case*: Bitcoin is primarily a store of value and digital asset for transactions. - *Volatility*: Bitcoin experiences relatively lower volatility compared to newer tokens like $EARNM. $EARNM vs. Ethereum ($ETH) - *Smart Contracts & DApps*: Ethereum dominates the decentralized application (DApp) and smart contract space. - *Network Effects*: Ethereum benefits from a massive developer ecosystem and established DeFi protocols. - *Transaction Speed & Fees*: Ethereum's high gas fees can be a limitation; $EARNM may offer lower fees or faster transactions. $EARNM vs. Solana ($SOL) - *Performance and Scalability*: Solana boasts fast transaction speeds and low fees, making it popular for DeFi and NFTs. - *Adoption and Ecosystem*: Solana has a large, active ecosystem; $EARNM needs to expand its ecosystem to compete. - *Market Sentiment*: Solana faces challenges but remains popular; $EARNM must maintain strong investor sentiment. $EARNM vs. Cardano ($ADA) - *Philosophy and Development Approach*: Cardano focuses on research-driven blockchain technology, prioritizing security and scalability. - *Market Position*: Cardano has a strong community and backing, though it has faced delays in deploying smart contract functionality. - *Technological Innovation*: $EARNM could gain an advantage by solving specific blockchain issues, such as interoperability or user experience. $EARNM vs. Avalanche ($AVAX) - *Scalability and Speed*: Avalanche offers low transaction fees and fast finality, making it a strong DeFi competitor. - *Ecosystem Growth*: Avalanche grows rapidly, with increasing DeFi protocols and projects; $EARNM must focus on expanding its ecosystem. - *Interoperability*: Avalanche excels in cross-chain compatibility; $EARNM could offer a unique value proposition by enhancing interoperability. $EARNM vs. Polkadot ($DOT) - *Interoperability*: Polkadot prioritizes interoperability, allowing different blockchains to communicate and share data. - *Community and Development*: Polkadot has a strong developer ecosystem; $EARNM must differentiate itself with unique features or incentives. - *Market Outlook*: Polkadot's focus on scalability and cross-chain functionality gives it long-term potential; $EARNM could stand out by addressing specific market gaps. $EARNM, while still emerging, could potentially offer a unique proposition in the crypto space, especially if it excels in areas like DeFi, scalability, or low-cost transactions. However, it faces intense competition from established cryptocurrencies. Monitoring its performance and adoption will be crucial in determining its long-term potential.