Digital asset investment products saw outflows this week, totaling $107m with profit taking gathering pace in recent weeks. Bitcoin was again the primary focus, seeing outflows totaling $111m, the largest weekly outflows since March.
Bearish Rectangle Top
🔅The bearish rectangle top pattern functions as a reversal pattern when it occurs in a uptrend and the breakout happens to the downside.
🔅The price rise in a strong uptrend and then starts to consolidate between support and resistance levels.
🔅The consolidation marks a period of equilibrium when neither buyers nor sellers are stronger than the other party.
🔅This up-down struggle continues for a while and the pattern begins to exhibit the shape of a rectangle.
🔅In the case of a Bearish rectangle top chart pattern, the stop loss should be placed at the previous high of the pattern.
🔅The limitation for the target will be the previous support level which was formed before by the price action.
🔅The bearish rectangle top pattern functions as a reversal pattern when it occurs in a uptrend and the breakout happens to the downside.
🔅The price rise in a strong uptrend and then starts to consolidate between support and resistance levels.
🔅The consolidation marks a period of equilibrium when neither buyers nor sellers are stronger than the other party.
🔅This up-down struggle continues for a while and the pattern begins to exhibit the shape of a rectangle.
🔅In the case of a Bearish rectangle top chart pattern, the stop loss should be placed at the previous high of the pattern.
🔅The limitation for the target will be the previous support level which was formed before by the price action.
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#LINK_USDT:
#LINK Showing Perfect Descending channel. Wait for break out to confirm bullish sign✅
https://www.tradingview.com/x/6Cvb6fkk/
#LINK Showing Perfect Descending channel. Wait for break out to confirm bullish sign✅
https://www.tradingview.com/x/6Cvb6fkk/
TradingView
TradingView Chart
#BTC_UPDATE :- #BTC Still Playing In Bearish Rising Wedge Pattern On Higher Time Frame . Yesterday Market Warming Up Because Of Some Insider News About ETF Approval . This Is A Just Bull Trap . According to Chart Pattern #BTC Will Breakdown Incoming Days Or week .
If It is Real Hype Then We Can See #BTC Local Top 32000-32500 But After That Rejection & Dumpppp ....
https://www.tradingview.com/x/zJ15a8Cf/
If It is Real Hype Then We Can See #BTC Local Top 32000-32500 But After That Rejection & Dumpppp ....
https://www.tradingview.com/x/zJ15a8Cf/
TradingView
BINANCE:BTCUSDT Chart Image by Savi_2037
DXY analysis:
Dollar Index (DXY) is trading in a downtrend channel. The price is now near the resistance line and we expect a rejection from there. The support is 100.50-100.68 area and if DXY drops to this level then we see a good move in Bitcoin and other markets. If DXY breaks above the 102.50-102.65 area then we see a downtrend in BTC and all global markets.
Dollar Index (DXY) is trading in a downtrend channel. The price is now near the resistance line and we expect a rejection from there. The support is 100.50-100.68 area and if DXY drops to this level then we see a good move in Bitcoin and other markets. If DXY breaks above the 102.50-102.65 area then we see a downtrend in BTC and all global markets.
APE/USDT Technical Rally: From $1.70 Support to $10 Target: $APE
Current Price: $1.84
Oversold Indicator: In the oversold region, signaling possible upward momentum.
Strong Support: Found at $1.70, acting as a safeguard against sharp declines.
Long-Term Outlook: Consider accumulation for potential long-term gains
Entry Points:
Entry 1: Range of $1.80-$1.60 for a strategic market entry.
Entry 2: Risk-tolerant investors can explore $1.20-$1.00 for higher potential rewards.
Price Targets:
Target 1: Breakthrough of $4.50 resistance could drive price to $4.50
Target 2: Successful breach of $4.50 might propel APE towards $10 and $15
Be sure to conduct thorough research and practice risk management.
Current Price: $1.84
Oversold Indicator: In the oversold region, signaling possible upward momentum.
Strong Support: Found at $1.70, acting as a safeguard against sharp declines.
Long-Term Outlook: Consider accumulation for potential long-term gains
Entry Points:
Entry 1: Range of $1.80-$1.60 for a strategic market entry.
Entry 2: Risk-tolerant investors can explore $1.20-$1.00 for higher potential rewards.
Price Targets:
Target 1: Breakthrough of $4.50 resistance could drive price to $4.50
Target 2: Successful breach of $4.50 might propel APE towards $10 and $15
Be sure to conduct thorough research and practice risk management.
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