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Bitcoin Drops Below $63K
Bitcoin has provided a lot of false hope last week after surging from $60k to $65k. While Bitcoin broke above $63k last week, the price has now dropped back below $63k again. This is now considered a false breakout, and BTC is at risk of more downside. I think we can see some downside for […]Read More
Altcoin Market Rally Comes to an End
The Altcoin market experienced a 6 day rally last week, but is now experiencing some resistance near the upper range of this bull pennant. The Altcoin market cap has peaked around $627 billion, and is starting to trend down again with 2 days of downside so far. I would monitor the price action for BTC […]Read More
Solana Attempting a Bullish Breakout
Solana is trading near the red resistance line again, and is making another attempt for a bullish breakout. There have been numerous false breakouts so I would monitor for any tricky price action here. SOL needs to flip $157.50 into support to trend up higher here. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreEthereum Facing Resistance in the White Zone
The recent Bitcoin rally has helped Ethereum and Altcoins experience some upside. Ethereum is now trading within the white resistance zone between $2,683 and $2,863. However, ETH is struggling to make some progress here, and there seems to be sellers driving the price down. I would continue to monitor the white zone for a breakout […]Read More
Bitcoin Starting to Trend Down After Neutral Weekend Price Action
Bitcoin was neutral over the weekend, trading sideways around the $64,000 price level. Today BTC is starting to trend back down, forming a correction after last week’s bullish rally. I have $63k as a key level to monitor, BTC might flip $63k into a support level before trending up higher. The next key target is […]Read More
Bitcoin at Risk of Dropping Next Week
I’m seeing some red flags that Bitcoin is likely to trend down, and I think we can see some downside as early as next week. Bitcoin has failed to break above $63k, and is facing resistance around $61,350. The seasonality is neutral and slightly bearish over the next few weeks as well. I think BTC […]Read More
Ethereum is Testing the $2,683 Resistance Level Today
Ethereum has been trading below the white resistance zone since August 8. Today ETH is testing the resistance zone again, but so far has been getting rejected. I would continue to monitor $2,683 for a break or rejection. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreBitcoin Holds Above the White Support Zone for 6 Months
July and August have been shaky months for Bitcoin, but the price has remained above the white support zone between $58.4k to $60.3k. There have been large wicks down for discounted buy opportunities. 1 Red Month Left in 2024 History suggests that Bitcoin experiences 4 red months during the year of the Bitcoin halving. There […]Read More
Four Green Days for Altcoin Market
The Altcoin market continues to show bullish momentum even though Ethereum continues to underperform. Altcoins have experienced 4 consecutive green days in a row. I would keep a close eye on Bitcoin and Ethereum to see if BTC holds above $60.3k support, and whether ETH can break through $2,683. If BTC and ETH show some […]Read More
BITU Hits $34.62 Resistance
BITU is a 2x leveraged ETF that tracks Bitcoin’s price action. I would keep an eye on Bitcoin’s chart and make trading decisions based on the Bitcoin chart. On the BITU chart there is a rising yellow channel forming and BITU is trading near the upper range of this channel. BTC has experienced a strong […]Read More
JASMY Trading Within a Range
JASMY has been neutral since August, trading in a range between $0.015 and $0.025. Each Altcoin will have their own time to shine based on investor sentiment and interest. JASMY had a lot of hype a few months ago, I think this hype will return at some point. For now JASMY has been pretty quiet, […]Read More
Key Price Levels for Bitcoin
Now that Bitcoin has finally formed a bullish breakout to new all time highs we can start to see some price discovery. These are my key Fibonacci levels that I’m monitoring on the way up. I think BTC is already trading near resistance at $75.7k. I think we can see a pullback after today’s daily […]Read More