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Showing posts with the label fibonacci retracement level

Here’s why Bitcoin’s pullback is a buy signal and not a bear market warning

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Bitcoin (BTC) is trading in bear territory following a sharp correction, but from a broader perspective, the asset remains firmly in a bull market after hitting a record high of $108,000 in late January. Now, key technical indicators suggest that the recent pullback may not signal the start of a prolonged downturn, but rather one of the most attractive buy opportunities in months. Specifically, Bitcoin’s 50-week moving average (MA) is serving as a crucial support level, helping to sustain the broader bullish trend. At the same time, another critical indicator, the 0.5 Fibonacci retracement level, is showing notable strength, continuing to anchor Bitcoin firmly within bull cycle territory, according to TradingShot. Picks for you Economist says the real Trump trade is ditching U.S. stocks for foreign markets 3 ho...

Deadstag Price Prediction: DSTAG Price Skyrockets 43% As Traders Shift Focus to This Hot ICO That Raised $37 Million Before Its Tier 1 Exchange Listing

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The Deadstag price has skyrocketed 43% in the last 24 hours to trade at $0.003464 as of 2:40 a.m. EST on a trading volume that jumped to $1.55 million. Deadstag Price Bullish Climb Within A Rising Channel The DSTAG/USD pair is currently riding a wave of bullish momentum. With its price at $0.003458, it moves confidently within a well-formed bullish channel and steadily climbs higher. Beneath it lies a key support level at $0.003400, acting as a safety net. As long as this level holds firm, the path upward seems promising, with the next milestone likely around $0.005000. The moving averages add to this optimistic story. The 50-period MA, sitting at $0.002824, rises like a reliable guide, confirming the short-term uptrend. The price staying comfortably above this level signals strength in the movement. While the 200-period MA doesn’t feature prominently here, it’s clear that the shorter-term trend is in control. DSTAGUSD Analysis Source: Dextools.io Zooming...