17.07.23 - 23.07.23
Last week results
Instruments:
There has been no active movement in bitcoin over the past week. However, the formed channel allows you to carry out transactions both within it and place orders to break through this channel.
▶️Dormant whale awakens after 8 years, moves over $116 million of Ethereum to Kraken. An Ethereum wallet address that has been dormant for eight years recently moved its entire stash of 61,216 ETH, valued at $116 million at spot rates as of July 19, to an address on Kraken, a crypto exchange.Initially worth approximately $20 million during the pre-mine phase, ETH prices have since surged, lifting the entire stash by 8X to roughly $116 million over the years.
▶️ Projects that have great potential in 2023 according to ChatGPT. Wall Street Memes is a massive project that combines memes and finance. Chimpzee is a useful platform with which you can earn money by supporting environmental organizations. Solana is a decentralized network that can compete with Ethereum.
▶️Despite the current Bitcoin (BTC) consolidation, some analysts are confident in the future upward movement.In particular, crypto trading expert Michael van de Poppe believes that the lows are being broken now, and during this process, Bitcoin could drop to $29,500 and even $29,000. At the same time, he added that such a price movement may precede a bullish rally, in which the main cryptocurrency can increase its rate to $ 32,500, followed by a rise to $ 34,000, and then a surge to $ 38,000.
These week’s key events
There has been no active movement in bitcoin over the past week. However, the formed channel allows you to carry out transactions both within it and place orders to break through this channel.
▶️Dormant whale awakens after 8 years, moves over $116 million of Ethereum to Kraken. An Ethereum wallet address that has been dormant for eight years recently moved its entire stash of 61,216 ETH, valued at $116 million at spot rates as of July 19, to an address on Kraken, a crypto exchange.Initially worth approximately $20 million during the pre-mine phase, ETH prices have since surged, lifting the entire stash by 8X to roughly $116 million over the years.
▶️ Projects that have great potential in 2023 according to ChatGPT. Wall Street Memes is a massive project that combines memes and finance. Chimpzee is a useful platform with which you can earn money by supporting environmental organizations. Solana is a decentralized network that can compete with Ethereum.
▶️Despite the current Bitcoin (BTC) consolidation, some analysts are confident in the future upward movement.In particular, crypto trading expert Michael van de Poppe believes that the lows are being broken now, and during this process, Bitcoin could drop to $29,500 and even $29,000. At the same time, he added that such a price movement may precede a bullish rally, in which the main cryptocurrency can increase its rate to $ 32,500, followed by a rise to $ 34,000, and then a surge to $ 38,000.
📈 BTC: Trade in the channel
💡 3 reasons to trade BTC now:
🔹 Absolutely predictable channel with clear support and resistance levels
🔹 A simple rebound and channel breakout strategy that takes into account all market situations
🔹 The ability to accurately determine the position of the stop and limit orders in any of the transactions
💡 Technical analysis: In the current situation, the best solution would be to trade within the channel. Buy at the support line. Selling at the resistance line. This action can be performed until the channel is completely broken.
Long Strategy: Open a buy trade if the price rises to $29,800. Set a Stop Loss at $29,400 and a Take Profit at $31,300.
Short Strategy: Open a trade if the price rises to $31,300 and forms a reversal pattern. Place a Stop Loss at $32,000 and a Take Profit at $30,000.
❗️ Use this opportunity to make the right decision.
Exchange BTC
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