Crypto Thunder

#BTC

A consolidation zone has formed on the daily timeframe

The market is approaching the support level and March lows

Sideways price movement is expected with the mid-term target is the resistance zone at $73,500

The current market downturn presents a prime entry opportunity, as I outlined in a previous post. Few discuss the underlying reasons for this dip, which revolve around the global reliance on the USD. This reliance grants America significant economic control, but printing excess USD risks devaluing the currency.

Although inflating the currency could yield benefits, such as profiting from gold reserves, the US government typically only prints money during crises. This cautious approach maintains annual inflation around 2-3%, prompting Americans to question the wisdom of saving in fiat currency. In response, the government previously offered bonds matching inflation rates, but economic challenges and soaring national debt have led to aggressive money printing.

This has prompted plans to raise bank interest rates to 9%, mitigating inflation's impact. The anticipation of these changes has triggered significant downturns in crypto and commodity markets.
#bitcoin #BullorBear

Cryptocurrency markets experienced a significant downturn, resulting in over $286 million in liquidations. CoinGlass reported approximately 99,014 merchants were affected, with Bitcoin alone seeing $69.2 million in liquidations. Ethereum also faced heavy liquidation, totaling around $91.73 million.

Other assets like Solana and Dogecoin saw a combined liquidation of $40.20 million. The sell-off triggered panic among traders, erasing earlier gains. Bitcoin's current price of $60,437.79 reflects a 4.11% decline in the past 24 hours, raising concerns about its performance following recent highs.

Technical indicators suggest a potential further decline to $60,000 and below. The market sentiment was not helped by the underwhelming launch of the Spot Bitcoin ETF in Hong Kong, contributing to ongoing uncertainty.

#BTC #ETH #BNB

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.

Even with a market drop of 70%, your 10 coins remain unchanged. Similarly, if the market skyrockets by 10x, your 10 coins stay the same. Selling during a market dip means losing money, while holding onto gains ensures profits. Stay calm, even in a downturn, and your portfolio will rebound.
#btc #Bullish2025

🆘 Upcoming Important Market Events:

⚡️ 30 April: CZ sentence Decision

⚡️ 1 May: FOMC Interest Rate Decision & FED Press Conference 🇺🇸

⚡️ 3 May: Non Farm Payrolls Report & Unemployment Report 🇺🇸

We may experience high volatility in the Market🎥 🇭🇰 Recently, HONG KONG became first in Asia to launch BTC Spot ETF but no major change in Volume 👀 Now, CZ sentence & FED interest rate decision will be major catalyst in the Market! Around 20% of S&P 500 companies reports will also be announced this week

$BTC VIP Analysis
APRIL 28, 2024
-
BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
--
The price action of $BTC on the H4 timeframe level is consolidating in a Horizontal Support and Resistance level where the price action is respecting the Horizontal Support region level which is marked between the $63,223 to $62,640 level.

Where the price action is forming out the Bearish Harmonic Bat pattern level and the price action has to complete out its D leg level of the pattern level.
-
MAIN INTEREST LEVELS

⬇️SHORT⬇️
$62,640

⬆️LONG⬆️
$63,885

PREDICTED DAILY RANGE
$62,603 to $67,168
--
VIP ACTION PLAN

The price action of $BTC has left out the H4 FVG gap level between the $66,193 to $65,167 levels.

Except for the 55EMA level, all other EMAs are acting as resistance levels. We can expect the bounce back level and fill out the FVG gap level
-
Yours truly,
Crypto Thunder

ALTSEASON 2.0 UPDATE 🔥
TOTAL 3 ( Total Altcoin Mcap )

-After a surge in the altcoin market
since January 2024, it has now
retraced by about -28%.

-Altcoins have found support around
the $537 billion market cap, a level
that previously acted as resistance.

-It's…
#BTC #Megadrop #Alts $ETH $

🇨🇳 China's 🇺🇸 U.S. Treasury holdings have fallen to their lowest level in 15 years 📉📉

You’ll lean more from losing $10 of your own money in the market

than from losing $1,000,000 in a practice trading account

BTC / USDT

Bull Flag formation ( Bullish)

Once we hold the lower trendline, we are Still Bullish.

58000 is the important support that we need to hold.

Keep an eye on it.

👨🏽‍💻 Coin: #YFI/USDT 💻

Signal Type: Regular (Long)
Leverage: Cross (20х)

Entry Targets:
6998

Take-Profit Targets:
1) 7,102.97000
2) 7,172.95000
3) 7,242.93000
4) 7,347.90000
5) 7,417.88000
6) 7,522.85000

🔻 STOP LOSS Target:
5-10%

👨🏽‍💻 Coin: #MBL/USDT 💻

Signal Type: Regular (Short)
Leverage: Cross (20х)

Entry Targets:
0.004585

Take-Profit Targets:
1) 0.00452
2) 0.00447
3) 0.00442
4) 0.00436
5) 0.00431
6) 0.00424

🔻 STOP LOSS Target:
5-10%

👨🏽‍💻 Coin: #MANA/USDT 💻

Signal Type: Regular (Long)
Leverage: Cross (50х)

Entry Targets:
0.4601

Take-Profit Targets:
1) 0.46700
2) 0.47160
3) 0.47620
4) 0.48311
5) 0.48771
6) 0.49461

🔻 STOP LOSS Target:
5-10%

👨🏽‍💻 Coin: #MEME/USDT 💻

Signal Type: Regular (Long)
Leverage: Cross (20х)

Entry Targets:
0.029260

Take-Profit Targets:
1) 0.02970
2) 0.02999
3) 0.03028
4) 0.03072
5) 0.03102
6) 0.03145

🔻 STOP LOSS Target:
5-10%

ATOM / USDT

Bear Flag Formation

Once we breakdown the lower trendline, we can look for short trade.

Target can be 7$✅

Keep an eye on it.

ETH / USDT

We have 3230$ to 3270$ heavy resistance area.

If we break it close above it, we wil see a bullish move.

However if we see rejection from here, we will short it.

Keep an eye on it.

#BTC failed to break the $67,000 resistance and instead dropped to the ascending support

Now price breaks down from the bear flag pattern and the $63,500 support area, leading to a potential drop towards the $61,000 support level

In this case, a heavy breakdown towards $54,000 is expected

👨🏽‍💻 Coin: #XRP/USDT 💻

Signal Type: Regular (Short)
Leverage: Cross (20x)

Entry Targets:
0.5236

Take-Profit Targets:
1) 0.51575
2) 0.51051
3) 0.50527
4) 0.49742
5) 0.49218
6) 0.48433

🔻 STOP LOSS Target:
5-10%

JUST IN: 🇺🇸 Crypto firm Consensys sues SEC and asks court to declare that Ethereum $ETH is not a security.