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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📣[Airdrop] MEXC Will Launch the Launchpad with The Epiko (EPIKO)
⏰Registration Period: 2023-08-08 10:00 - 2023-08-13 10:00 (UTC)
👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 30 consecutive days before 2023-08-07 16:00 (UTC)
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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.