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#Bitcoin is Dumping – But Why? Is It Over? 🤔 Yesterday, Bitcoin tested the range high for the third time and got rejected again. This area is proving to be strong resistance. Previously, rejection from this same level led to a breakdown below the range. Now, this is the first time BTC is retesting the range high after reclaiming it. A breakout on the first attempt is usually super bullish but rare, which is likely why we saw a rejection here Now, two possible scenarios can play out: 🟢 Scenario 1 (Green): Price consolidates a little and then breaks out aggressively to the upside. 🟠 Scenario 2 (Orange): Price consolidates and breaks down toward the mid-range ($99,400 wicks below possible) for a retest before another leg up. Overall, both scenarios are bullish. Scenario 1 is quick and explosive, while Scenario 2 may take a bit more time to play out since we haven't seen any retest after the range reclaim.

$ETH | H4 & H12 Shorting the deviation of the previous Monday high was the play, targeting the previous Monday low. Right now trying to get back above it, printed really nice equal lows within the H4 bullish OB, would have been really cool if we had swept the H4 range low tho for H4/M15 long. Technically if we get a bullish MSB on M15 that would be a valid LTF trigger for long since the HTF trigger was met - trading within the H4 bullish OB, but it is a trade I'm not interested into taking - trading below the previous Monday low, equal lows printed, H4 range low was front ran, the new Monday range yet to be developed.

this means if you're looking for a long then it's best to be patient and see it play out

US 30 YEAR YIELD RISES TO 5.0% AND ITS NOT GOOD AT ALL.. THIS IS BEC OF MOODY DOWNGRADE US RATING. ARE YOU WORRY?? YES ALL WORRY AND THAN HERE POWELL/FED COME INTO PLAY. THIS IS HOW MARKET REACT, A CORRECTION DUE TO HIGH YIELD AND THAN ONE DAY POWELL/FED COME AND MARKET WILL BOUNCE AGAIN.. BE READY FOR SUCH ACTIVITY IF YOU ARE IN MARKET. #BONDS #NASDAQ #BITCOIN

Greetings, crypto enthusiasts! Ever wonder what the collective mood of the market is? Are investors feeling bullish and ready to buy, or are they gripped by fear, ready to sell at the slightest hint of trouble? That’s where the Crypto Fear and Greed Index comes in. It’s a fascinating tool designed to give us a snapshot of the dominant emotion driving the market at any given moment. And right now, that emotion is firmly rooted in ‘Greed’. The Crypto Fear and Greed Index is a unique sentiment analysis tool provided by Alternative, a software development platform. It aims to quantify the prevailing mood in the cryptocurrency market, ranging from extreme fear (0) to extreme greed (100). Think of it like a market thermometer, but instead of temperature, it measures emotional temperature. When the index is low, fear is high, often indicating potential buying opportunities as investors might be overselling. Conversely, when the index is high, greed is dominant, suggesting the market might be overheating and due for a correction. As of May 19, the index stands at 74. This number hasn’t changed from the previous day, indicating a sustained level of confidence, or perhaps overconfidence, among market participants. A score of 74 places the market squarely in the ‘Greed’ zone. The Crypto Fear and Greed Index isn’t just a random number. It’s calculated using a weighted average of several key market indicators. Each factor provides a different angle on crypto market sentiment. Here’s a breakdown of the components: Being in the Greed zone (typically above 50, and strongly above 70) suggests that investors are generally optimistic and buying activity is high. While this sounds positive, a persistently high index score can be a cautionary signal. Why? The index remaining unchanged at 74 suggests this elevated level of optimism is stable for now, but it’s crucial not to become complacent. The two heaviest weighted factors, crypto volatility and market momentum/volume, play a significant role in pushing the index towards ‘Greed’. High momentum means prices are moving up rapidly with substantial trading volume. This is a classic sign of bullish sentiment and active buying. While volatility can swing both ways, high volatility during an uptrend strongly contributes to the ‘Greed’ score. It shows conviction from buyers, even if price swings are large. The index is not a standalone trading signal, but a helpful tool for context. Here’s how investors often use it: While useful, the index has limitations: Therefore, always combine the index’s reading with your own research, technical analysis, and fundamental analysis. The Crypto Fear and Greed Index holding steady at 74 clearly indicates that positive crypto market sentiment remains dominant. The market is currently driven by enthusiasm and strong buying pressure, reflected in factors like momentum, volume, and likely social media buzz. While this signifies a bullish environment, the elevated score in the Greed zone serves as a reminder to proceed with caution. High greed can precede pullbacks. Keep an eye on the index, but remember it’s just one piece of the puzzle in understanding the dynamic world of cryptocurrency markets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.