Bitcoin will propel the next leg up if key trading pattern confirms Traders

The inverse head-and-shoulders pattern forming would make sense if Bitcoin doesnt break straight through $67,500, according to a crypto trader.

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April Forecast: XRP Price Sell-Off Expected to Accelerate with Inverse Cup and Handle Pattern Forecasting 25% Decline

The XRP market is approaching a critical point as a potential sell-off looms in April. Technical analysis suggests that an inverse cup and handle pattern is forming, indicating a possible 25% decline in the XRP price. The inverted cup and handle pattern is a bearish signal that often precedes a significant price drop. If the [...]

The post April Forecast: XRP Price Sell-Off Expected to Accelerate with Inverse Cup and Handle Pattern Forecasting 25% Decline appeared first on Crypto Breaking News.

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Ethereum Forms A Huge Inverse Head & Shoulders $20K Target In Sight?

Ethereum is now testing critical resistance after a sharp rally that has caught the attention of analysts and traders alike. Following days of strong upward momentum, ETH has reclaimed the $1,800 mark, recovering over 18% of its value since Tuesday. This impressive rebound signals renewed confidence in the asset amid ongoing global macroeconomic uncertainty and volatility in financial markets. Related Reading: Ethereum Adds 12% In 24 Hours On-Chain Metrics Point To Modest Resistance Ahead According to top analyst Gert Van Lagen, Ethereum could be on the verge of a historic breakout. In a recent technical analysis shared on X, Van Lagen pointed to a massive 4-year inverse Head and Shoulders pattern forming on Ethereums 1-week charta classic bullish reversal signal. With both shoulders now confirmed, the chart formation is targeting a long-term price objective around the $20,000 level. This development comes as Ethereum continues to strengthen its on-chain fundamentals and recaptures investor attention. While resistance levels ahead remain challenging, the breakout above $1,800, combined with the bullish long-term setup, has positioned Ethereum as one of the most promising assets in the current cryptocurrency landscape. If market sentiment continues to shift in favor of crypto assets, ETH could be entering a powerful expansion phase with $2,000 and beyond within reach. Ethereum Gears Up For A Rally Forming A Long-Term Reversal Pattern Ethereum is currently trading 57% below its multi-year high of $4,100, and many investors feel like a full recovery is still far off. However, growing optimism is surfacing across the market as crypto assets begin to regain momentum despite heightened macroeconomic tensions and a deepening trade war between the United States and China. With equities under pressure, Ethereum and other leading cryptocurrencies appear to be carving out independent trajectoriessomething analysts view as a strong bullish sign. According to top analyst Van Lagen, Ethereum could be on the verge of a major breakout. In his recent technical analysis, Van Lagen highlights a massive 4-year inverse Head and Shoulders pattern developing on the ETH weekly chart. This classic reversal formation suggests a long-term bullish structure is in play. If confirmed, Van Lagen believes the pattern could send ETH to an ambitious $20,000 target in the next market cycle. One key factor in Van Lagens analysis is the recent shakeout of retail traders. He points to the formation of the Right Shoulder as a moment of capitulation, suggesting that many short-term holders exited their positions, clearing the way for a stronger, more sustained move upward. Related Reading: HBAR Breaks Above Massive Falling Wedge Expert Sets $0.38 Target ETH Price Tests Support After Key Reclaim Ethereum is currently trading at $1,740 after successfully reclaiming both the 4-hour 200 MA and EMA, key technical indicators that are now being tested as short-term support. This reclaim is a positive signal for bulls, suggesting that momentum is building after a strong bounce from recent lows. However, the next critical step is to push above the psychological and technical barrier at $2,000. A decisive break and daily close above the $2,000 mark would confirm a trend reversal and likely open the door for a stronger recovery rally. This level has acted as resistance multiple times over the past months, making it a significant benchmark for traders. Bulls must defend the $1,740 zone to maintain the current structure and build the case for continued upward movement. Related Reading: XRP Network Activity Jumps 67% In 24 Hours Big Move Ahead? On the flip side, if Ethereum fails to reclaim $2,000 and loses the $1,700 support zone, further downside pressure could push ETH back into consolidation territory. Such a move would signal hesitation in the market and potentially delay any meaningful breakout in the short term. For now, holding the reclaimed moving averages is essential as Ethereum attempts to solidify a base for its next move. Featured image from Dall-E, chart from TradingView

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Dogecoin Price To Enter Phase E After Testing Last Point Of Support, Heres The Target

Crypto analyst Trader Tardigrade has provided an update on the Dogecoin price action. He revealed that the foremost meme coin is set to enter Phase E next, during which it could rally to new highs.  Dogecoin Price To Enter Phase E Next After Testing Last Point Of Support In an X post, Trader Tardigrade stated that the Dogecoin price will enter Phase E and then the Mark-Up phase after the move of Sign of Strength (SOS) and Last Point of Support (LPS). This came as he also revealed that DOGE has entered Phase D in the Wyckoff Accumulation. The analyst also noted that the meme coin completed the TEST in Phase C and the Last Point of Support in Phase D.  Related Reading: Crypto Analyst Warns Dogecoin Price Correction Was A False Breakout, Calls 30% Crash His accompanying chart showed that the LPS in Phase D for the Dogecoin price is around $0.174, while the SOS will be a successful reclaim and hold above $0.18. This will usher DOGE into Phase E, where it is projected to rally to as high as $2.1, marking a new all-time high (ATH) for the foremost meme coin.  In another X post, Trader Tardigrade stated that the Dogecoin price could be forming an inverse Head and Shoulders pattern on the 4-hour chart, providing a bullish outlook for the foremost meme coin. His accompanying chart showed that Dogecoin could rally to $0.183 on this rebound, which is the SOS for the meme coin in this Phase D.  It is worth mentioning that crypto analyst Kingpin Crypto also provided a bullish outlook for the Dogecoin price, predicting that it could bounce from the current support and rally above the psychological $0.2 price level. The analyst asserted that DOGEs chart is one of the best right now in terms of price, which is at a clear level of higher timeframe support. DOGE Gearing Up For A Big Week In an X post, crypto analyst Ali Martinez stated that the Dogecoin price is gearing up for a big week. He remarked that a close above $0.17 could open the door to $0.21 or even $0.29 if it holds the key support level at $0.13. However, the analyst recently revealed that DOGE whales are choosing to remain on the sidelines for now, which could be bearish for the meme coin.  Related Reading: Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible The Dogecoin price performance will also depend on the Bitcoin price and whether the flagship crypto can sustain bullish momentum. Self-acclaimed Dogecoin lead analyst on X, Kevin Capital, opined there is no need to be overly bullish until Bitcoin surges above $89,000.  At the time of writing, the Dogecoin price is trading at around $0.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Shutterstock, chart from Tradingview.com

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Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000

The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline. This technical setup suggests that Bitcoin could be gearing up for a mega rally to $300,000 soon. Analyst Forecasts Bitcoin Price Reversal On Monday, crypto analyst Gert van Lagen took to X (formerly Twitter) to forecast an imminent Bitcoin price surge to $300,000. The analyst presented a detailed price chart depicting the formation of an Inverse Head and Shoulder pattern, showcasing its left shoulder, head, right shoulder, and neckline.  Related Reading: Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next Based on his analysis on X, Lagen highlights that Bitcoin has successfully broken above the neckline of this technical pattern, confirming a possible bullish reversal. Specifically, the Inverse Head and Shoulder pattern is a classic technical indicator that signals a shift from a bearish trend to a bullish trend. The left shoulder of the pattern highlights a price decline followed by a temporary recovery. The head suggests a deep drop, marking the lowest point of the trend. The right shoulder indicates a smaller decline followed by a breakout above the neckline. Bitcoin broke above the patterns neckline around the $86,972 price point. Lagen has pointed out that a successful retest of this neckline could solidify Bitcoins bullish move. This is because, historically, once this pattern is confirmed, cryptocurrencies tend to witness significant upside momentum.  Based on the measured move of the Inverse Head and Shoulder, Lagen predicts that Bitcoin is on track to reach $300,000 this bull cycle. This would represent a whopping 258.4% increase from its current market price. The analyst also highlights a sell line between $340,000 and $380,000; here, traders are likely to exit or take profits.  Supporting this bullish outlook is a parabolic step-like formation on the Bitcoin price chart. Lagen revealed that this follows a series of formations from Base 1 to 4 before triggering an explosive price rally. Currently, Bitcoin has completed Base 3 and is entering its final parabolic phase. This technical formation aligns with the Elliott Wave theory that suggests that a strong Wave 5 could result in a significant price surge.  While the analyst is confident in his $300,000 Bitcoin price projection, he warns that it could be completely invalidated if BTC drops below $72,900 in the weekly timeframe. Furthermore, a break below this threshold could signal a deeper price correction and delay the rally. Update On BTC’s Price Analysis While analysts remain optimistic about Bitcoins future outlook, the cryptocurrency experiences bearish momentum. In just 24 hours, Bitcoin lost virtually all the price gains it had accumulated since President Donald Trump announced plans for a crypto reserve. Related Reading: Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap The cryptocurrency was trading above $92,000 the previous day. However, Bitcoin has been down 9.18% in the last 24 hours and a whopping 16% over the past month, according to CoinMarketCap. This severe price decline has pushed the value of Bitcoin down to $83,699 as of writing. Featured image from Adobe Stock, chart from Tradingview.com

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BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin

Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD, without relying on any USD reserves. The stablecoin's peg to the U.S. dollar would be maintained via mathematical transactions between the new decentralized autonomous organization (DAO) authorized participants and derivatives exchanges. (Read More)

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Berlinverse: A Successful Metaverse Experience! Here’s a Quick Recap

Berlinverse wrapped its 2-day Metaverse experience successfully. If you didn't get the chance to make it, here's a quick Berlinverse summary.

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LAST CHANCE to Buy tickets for Berlinverse! Here’s how to Participate

What is Berlinverse and why is it important to participate? Stick around as we present to you the Metaverse conference of the year.

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Berlinverse is finally HAPPENING! Here’s how to Participate

What is Berlinverse and why is it important to participate? Stick around as we present to you the Metaverse conference of the year.

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It’s happened: Someone’s filed for Cramer ETFs with the SEC

Tuttle Capital Management hopes for a short ETF named Inverse Cramer ETF (SJIM), and a long ETF called Long Cramer ETF (LJIM).

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Defiance launches an inverse blockchain ETF

Defiance ETFs, one of the leading providers of thematic exchange-traded funds (ETFs) in the market, has announced the launch of a short blockchain ETF – targeting investors out to benefit from the broader bearish struggle across the crypto industry.

Specifically, the firm has announced The Defiance Daily Short Digitizing the Economy ETF (IBIT), a product that will enter short positions for an actively managed fund dubbed Amplify Transformational Data ETF (BLOK). More details about the ETF are here, including its inception and trading on the NYSE Arca.

The BLOK ETF offers an opportunity to benefit from price declines of companies within the blockchain and crypto ecosystem. Also included is an exposure to metaverse companies, Defiance said in a press release on Thursday.

Commenting on the IBIT short blockchain ETF, Defiance CEO Sylvia Jablonski said:

“We remain highly bullish on the growth of crypto and the digital asset ecosystem over the next few years. However, given the recent onset of the crypto winter – the flood of layoffs and revenue losses – we believe shorting positions such as Coinbase, Galaxy and Robinhood, along with those involved in the metaverse, like Meta and Roblox, will provide downside protection in the current environment.”

The news comes as major cryptocurrencies like Bitcoin and Ethereum battle bears following recent dips below crucial price levels at $20k and $1.6 respectively. While an overall bump has been seen over the past 24 hours, and Ethereum news around the merge have helped buoy sentiment, many industry experts believe the fresh downsides are likely in the short term.

Particularly, as Invezz highlighted in this article, tighter central bank monetary policy (today saw the European Central Bank, ECB, raise interest rates by 0.75%) and other macroeconomic and geopolitical factors could see risk-on assets suffer new losses.

In such a scenario, an inverse ETF tracking exposure of blockchain and crypto companies could offer a profitable bet for investors.

In June, ProShares launched a short Bitcoin-linked ETF – the first such product for the US market – with the fund coming as the bear market crash decimated BTC price. Read about that ETF here, or browse our pages to find more about top ETFs in the market.

The post Defiance launches an inverse blockchain ETF appeared first on Invezz.

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Crypto trader doubles portfolio in a month betting against Jim Cramer

Cramer is known for giving his investment expertise as the host of CNBC’s “Mad Money” but has developed a reputation in the crypto community for missing the mark.

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Top 3 Metaverse Crypto Coins With a Market Cap Below $6 Million to Watch in April 2022

In an interview, Jeff Bezos said, “never chase the hot thing; find something you’re passionate about and invest in that.” The same principle applies to investing in cryptocurrency. Those chasing the newest hypes and trends will likely see significant losses and won’t have the determination or perseverance to hold through volatile times. Looking at low […]

The post Top 3 Metaverse Crypto Coins With a Market Cap Below $6 Million to Watch in April 2022 appeared first on NullTX.

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Inverse Finance Loses Over $15M In Oracle Manipulation

Ethereum based DeFi protocol Inverse Finance [INV] revealed an anonymous attacker has stolen $15.6 million worth of cryptocurrency as per Saturday’s announcement. Detailing the hack, Blockchain security firm PeckShield, noted that the attacker exploited a vulnerability in a Keep3r price oracle which Inverse uses to track token prices. Through a series of tweets, Peckshield experts summarised that the […]

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Inverse Finance Loses $14.6M After a Successful Multi-Million Dollar Hack

Hackers used INV as collateral to get loans and deplete the protocol.  Inverse Finance is powered by the Ethereum token

The post has appeared first on thenewscrypto.com

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Millions Drained From Ethereum DeFi Protocol Inverse Finance

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Introducing the 2x and Inverse MATIC Flexible Leverage Indices | by Allan Gulley | The Index Coop | Feb, 2022

The Index Coop is excited to announce the launch of two new Polygon-native Flexible Leverage Indices (FLI) — MATIC2x-FLI-P and iMATIC-FLI-P! Just like the other FLI tokens, MATIC2x and Inverse MATIC are structured products in ERC-20 format that enable traders to automate leveraged exposure in a completely decentralized manner. MATIC2x targets a long 2x… Source […]

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Trump win confirmed? Jim Cramer says markets predict Harris win

Some crypto investors see a Trump victory due to the infamous inverse Cramer effect, following the television hosts prediction of a Harris victory.

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SinVerse Secures Strategic Partnership and Investment from DWF Labs to Drive Web-3 Gaming Industry

PRESS RELEASE. SinVerse Studios, a trailblazing web-3 game studio, has secured a substantial seven digit investment deal led by DWF Labs to propel its platform’s growth and solidify its position as an industry leader. The partnership marks a significant milestone for SinVerse Studios, with DWF Labs providing strategic backing and support to accelerate the company’s [...]

The post SinVerse Secures Strategic Partnership and Investment from DWF Labs to Drive Web-3 Gaming Industry appeared first on Crypto Breaking News.

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Bitcoin Price At $321,000 This Cycle? Analyst Says Its The Math

Crypto analyst Tony Severino has provided an ultra-bullish outlook for the Bitcoin price, predicting that the flagship crypto could rally to as high as $321,000. The analyst admitted that this target was too high for BTC but added that it was simply the math. Bitcoin Price To Reach $321,000 In This Market Cycle  In a substack post, Tony Severino predicted that the Bitcoin price could rally to as high as $321,000 in this bull run. This came as the analyst highlighted a potential head and shoulders pattern that had formed on Bitcoins chart. The analyst claimed that if this bullish pattern was valid, then it projects a maximum target of $321,000 per BTC. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Severino admitted that this price target for the Bitcoin price is too high but remarked that its the math. Interestingly, the crypto analyst went on to give a higher price prediction for the flagship crypto based on another bullish pattern. According to him, BTC could reach $345,000 if it touches the upper boundary of the primary uptrend channel over the last 8 years or thereabouts. Meanwhile, Severino also provided more conservative targets for the Bitcoin price. The analyst predicted that BTC could at least touch $158,000. This came as he noted that the 2021 cycle peak inverse Fibonacci extension could project the 2025 cycle peak. If so, he stated that this peak inverse Fib extension is located among the lowest estimates for BTC at $158,000.  The crypto analyst further remarked that another method of using the 1.618 Fib extension involves projecting the target from the peak of wave 3 from the bottom of wave 1. Based on this, he added that this calls for a potential target of $194,000.  Severino provided another version that projects the 1.618 Fib extension from the top of subwave iii of 5 to the bottom of subwave i of 5. If this plays out, BTC could reach a slightly lower target of $186,000. Lastly, the crypto analyst also raised the possibility of the Bitcoin price peaking at $191,000. He highlighted a bull pattern, which, if valid, could send BTC to this target.  BTCs Price Action In The Short Term Crypto analyst Ali Martinez provided insights into the Bitcoin price action in the short term. In an X post, he stated that the key support level for Bitcoin is at $97,877, where more than 101,000 BTC were accumulated. The analyst further remarked that holding above this level is crucial to sustaining the bullish momentum for the flagship crypto.  Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Heres Whats Supposed To Happen Next In another X post, the crypto analyst provided a bullish outlook for the Bitcoin price. He noted that the number of BTC transactions over $100,000 has doubled in the past week, rising from $15,620 to $32,320.  At the time of writing, the Bitcoin price is trading at around $104,300, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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