Introduction
Welcome to the era of Crown Crypto! Today, we’re diving into the world of Bitcoin as Eric Krown Crypto analyzes the current price action and potential traps. But before we get into the details, let’s start with some exciting promotions and programs that Eric Krown has to offer.
For the next 30 days, you can enjoy the benefits of Jewel Lite, along with 0% fees on maker orders for Derivative Contracts on ByBit. To obtain this promotion, simply follow a few steps, including signing up for ByBit and creating a new account, signing up for Krown Premium on the Krown App, and trading over 100,000 in total volume. Your first month’s subscription will then be awarded into your ByBit account.
But that’s not all! The Krown Quant Project offers 16 statistically driven and fully back-tested strategies for both trend and range scalping styles, giving you the opportunity to engage in live trades. And if you’re looking for a comprehensive program on technical analysis and trading strategies, Eric Krown’s My Life’s Work program has got you covered with over 40+ modules of video and PowerPoint presentations.
Please keep in mind that leverage trading is risky, and it’s important to trade responsibly. The content in Eric Krown’s videos is for entertainment purposes only, so always do your own due diligence and make informed decisions.
Now, let’s dive into the analysis of Bitcoin’s current price movement and potential traps.
Overview of the Video
Bitcoin Is Trapping Today
In this video by Eric Krown Crypto, he discusses the current price movement of Bitcoin and whether it is trapping investors. Bitcoin recently dropped to around $29,800, which caused some concern among traders. However, Eric Krown suggests that there are signs of a potential trap and that a major continuation is not likely. He points out a potential head and shoulders pattern forming on the 6-hour timeframe, with a break below $30,000 indicating further downside. On the other hand, if Bitcoin closes above $31,115, it could imply a failure of the bearish pattern and lead to a move towards $32,700. Eric also mentions the HPDR indicator ranges, which show support at around $29,500 and resistance at $31,000. Overall, he provides a detailed analysis of the current price action and potential scenarios for Bitcoin.
Video by Eric Krown Crypto
Eric Krown Crypto is a well-known figure in the cryptocurrency trading community. In this video, he shares his insights into the current price movement of Bitcoin. Eric has been involved in technical analysis and trading strategies for many years and offers comprehensive programs for traders of all levels. He also provides access to the Krown Trading App, which offers various tools and features for free. Eric emphasizes the importance of due diligence and risk management in trading, as leverage trading can be risky. He advises viewers to trade on exchanges allowed in their geographical region and reminds them that the content of the video is for entertainment purposes only and not financial advice.
This article provides an overview of the key points discussed in the video by Eric Krown Crypto. It highlights the potential trap in Bitcoin’s price movement, the patterns and indicators to watch for, and the importance of responsible trading.
Promotion for 30 Days of Jewel Lite + 0% Fees
Offer by Derivative Contracts on ByBit
Are you looking to explore the world of cryptocurrency trading? Well, we have an exciting promotion for you! Eric Krown Crypto is offering 30 days of Jewel Lite and 0% fees on maker orders for Derivative Contracts on ByBit. It’s a fantastic opportunity to gain hands-on experience and potentially make some profits.
Steps to Obtain the Promotion
To take advantage of this promotion, you need to follow a few simple steps. First, sign up and create a new account on ByBit. Next, sign up for Krown Premium on the Krown App. Then, input your ByBit UID in the Krown App. Trade over 100,000 in total volume, and the first month’s subscription will be awarded to your ByBit account.
Disclaimer
Before diving into leverage trading, it’s crucial to understand the risks involved. Leverage trading is risky, and around 80% of people who engage in it end up with a net loss over a long time frame. Additionally, do not trade on exchanges prohibited in your geographical region. The content provided is for entertainment purposes only, so make sure to do your own due diligence.
With the current Bitcoin price dropping to around $29,800, there are signs of a potential trap. While a short-term downside is expected, a major continuation is unlikely. There seems to be a potential head and shoulders pattern forming on the 6-hour timeframe, which could indicate further downside if Bitcoin breaks below $30,000. However, if Bitcoin closes above $31,115, it could imply a failure of the bearish pattern and a move towards $32,700.
Considering the HPDR indicator ranges, there is support at around $29,500 and resistance at $31,000. Stochastic momentum pivots suggest a resetting period for Bitcoin. On the longer-term 5-day timeframe, hidden bullish divergence and a silver cross indicate potential bullish momentum. Moreover, a monthly bullish engulfing candle suggests a positive outlook.
So, keep an eye on the Bitcoin market and take advantage of this promotional offer to enhance your trading skills. Make sure to reach out to Support@Krowntrading.net for any business inquiries.
Krown Quant Project
16 Statistical Strategies for Trend and Range Scalping Styles
Let’s dive into the Krown Quant Project, a comprehensive program offered by Eric Krown Crypto. This project provides 16 statistically driven and fully back-tested strategies designed for both trend and range scalping styles. These strategies are not suitable for beginners and require some level of trading experience.
The Krown Trading App offers various features such as price action analysis, trade journal, market data, quant data, market dynamics, and much more, all for free. It’s a valuable tool for traders looking to enhance their trading strategies and stay updated with the latest market information.
Additionally, Eric Krown Crypto provides two programs for traders at different levels. The “My Life’s Work on Technical Analysis and Trading Strategies” program consists of over 40 modules of video and PowerPoint presentations, covering various aspects of technical analysis and trading strategies.
For beginner traders, there’s the “Neophyte’s Initiation to Trading and Technical Analysis” program, which aims to introduce newcomers to the world of trading.
It’s important to note that leverage trading comes with risks, and around 80% of people who engage in leverage trading experience net losses over a long time frame. Therefore, it’s crucial to trade responsibly and do your own due diligence.
The Krown Quant Project, along with the Krown Trading App and the comprehensive programs offered by Eric Krown Crypto, provide valuable resources for traders of all levels. However, it’s essential to understand the risks involved in trading and make informed decisions based on your own research and analysis.
Krown Trading App
Features
The Krown Trading App is a comprehensive tool that offers a variety of features to assist traders in their cryptocurrency endeavors. With this app, you can access price action analysis, trade journal capabilities, market data, quant data, market dynamics, and more. These features provide valuable information for making informed trading decisions.
Free Availability
One of the best things about the Krown Trading App is that it is available for free. You can download the app and start using it without any cost. This makes it accessible to traders of all levels, whether you are a beginner or an experienced trader.
The app provides valuable insights and data that can help you better understand the market and make more profitable trades. It is a powerful tool that can enhance your trading strategies and improve your overall trading experience.
With the Krown Trading App, you have the opportunity to access professional-grade tools and information without any financial commitment. It is a great resource for anyone looking to improve their trading skills and stay up-to-date with the latest market trends.
The Krown Trading App is a comprehensive and free tool that provides traders with valuable insights and data. Whether you are a beginner or an experienced trader, this app can enhance your trading strategies and help you make more profitable trades. Download the app today and start improving your trading skills with the Krown Trading App.
My Life’s Work on Technical Analysis and Trading Strategies
Are you looking to expand your knowledge and skills in the world of trading? Look no further than Eric Krown Crypto’s comprehensive program, “My Life’s Work on Technical Analysis and Trading Strategies.” This program consists of over 40 modules of video and PowerPoint presentations, totaling over 35 hours of content.
Krown’s program covers a wide range of topics, from the basics of trading to advanced technical analysis techniques. Whether you’re a beginner just getting started or an experienced trader looking to fine-tune your strategies, this program has something for everyone.
With a focus on both theory and practice, Krown provides in-depth explanations and real-life examples to help you understand and apply the concepts taught in the program. The program also includes bonus material to further enhance your learning experience.
Please note that leverage trading comes with its own risks, and it’s important to do your own due diligence before making any trading decisions. Krown’s content is for entertainment purposes only and should not be considered financial advice.
So why wait? Take your trading skills to new heights with “My Life’s Work on Technical Analysis and Trading Strategies” by Eric Krown Crypto.
Neophyte’s Initiation to Trading and Technical Analysis
If you’re new to the world of trading and want to learn the ropes, the Neophyte’s Initiation to Trading and Technical Analysis is the perfect program for you. Designed specifically for beginners, this comprehensive course will provide you with the knowledge and skills you need to start your trading journey.
The program covers a wide range of topics, including technical analysis, trading strategies, risk management, and market dynamics. With over 40 modules of video and PowerPoint presentations, totaling more than 35 hours of content, you’ll have access to all the information you need to get started.
But keep in mind, this program is not suitable for intermediate or advanced traders. It’s specifically tailored for those who are just dipping their toes into the world of trading.
It’s important to note that trading is not without its risks. Leverage trading, in particular, can be very risky, with around 80% of people who engage in leverage trading experiencing a net loss over a long period of time. So it’s crucial to approach trading with caution and do your own due diligence.
Remember, the content in this program and video is for entertainment purposes only and should not be considered financial advice. Always make your own informed decisions and trade responsibly.
If you’re ready to take the first steps in your trading journey, the Neophyte’s Initiation to Trading and Technical Analysis program is here to guide you.
Risk of Leverage Trading
Before we dive into the analysis of Bitcoin’s current price movement, it is important to understand the risks associated with leverage trading. Approximately 80% of people who engage in leverage trading experience net losses over an extended period of time. It is crucial to exercise caution and only invest what you can afford to lose.
Entertainment Purposes Only
The information provided in this video and on this channel is intended for entertainment purposes only. It should not be considered as financial advice. Always conduct your own research and due diligence before making any investment decisions. Additionally, ensure that you comply with the trading regulations and restrictions in your geographical region.
In the recent video by Eric Krown Crypto, he discusses the current price movement of Bitcoin and highlights potential trap scenarios. Bitcoin’s price has dipped to around $29,800, causing some concerns in the market. However, Krown suggests that while short-term downside may be expected, a major continuation is unlikely.
Krown points out a potential head and shoulders pattern forming on the 6-hour timeframe, with the neckline at $30,000. A break below this level could indicate further downside. On the other hand, if Bitcoin closes above $31,115, it could invalidate the bearish pattern and potentially lead to a move towards $32,700.
Several indicators are mentioned, including the HPDR ranges, which show support at around $29,500 and resistance at $31,000. Stochastic momentum pivots suggest a resetting period for Bitcoin. On the longer-term 5-day timeframe, hidden bullish divergence and a silver cross indicate potential bullish momentum.
Despite the recent fluctuations, Krown emphasizes that Bitcoin has shown successful price movements in the past. He also announces a Fourth of July sale in a few days and provides business inquiries contact information.
Please note that this is a summary of the video and should not be considered as financial advice.
Analysis of Bitcoin Price Movement
Current Price Drop
The price of Bitcoin has dropped to around $29,800, causing some concern among investors. However, there are indications that this may be a potential trap rather than the start of a major downward trend.
Potential Trap
While there is short-term downside expected, it is unlikely to result in a major continuation of the drop. This could be a trap for those who are expecting further downside in the Bitcoin price.
Potential Head and Shoulders Pattern
On the 6-hour timeframe, there is a potential head and shoulders pattern forming. A break below $30,000 would indicate further downside, while a close above $31,115 could imply a failure of the bearish pattern and potentially lead to a move towards $32,700.
HPDR Indicator Ranges
The HPDR indicator ranges show support at around $29,500 and resistance at $31,000. These levels could play a significant role in determining the short-term price movement of Bitcoin.
Stochastic momentum pivots
Stochastic momentum pivots suggest that Bitcoin is currently going through a resetting period. This indicates that the price may be preparing for a new direction.
Hidden Bullish Divergence
On the longer-term 5-day timeframe, there is hidden bullish divergence and a silver cross. This suggests the potential for bullish momentum in the future.
Monthly Bullish Engulfing Candle
There is a monthly bullish engulfing candle, which further supports a positive outlook for Bitcoin. This candlestick pattern is often seen as a bullish signal.
While the price of Bitcoin has experienced a drop, there are signs that indicate a potential trap rather than a major downward trend. Short-term downside is expected, but a major continuation is unlikely. Traders should carefully watch the key levels, such as the $30,000 support and $31,115 resistance, to determine the next direction of Bitcoin’s price. As always, it’s important to do your own due diligence and not rely solely on this analysis.
Conclusion
In the video “Bitcoin Is Trapping Today” by Eric Krown Crypto, several key points were discussed regarding the current state of Bitcoin. The video included a promotion for 30 days of Jewel Lite and 0% fees on maker orders for derivative contracts on ByBit. To obtain this promotion, viewers were instructed to sign up for a new account on ByBit, sign up for Krown Premium on the Krown App, input their ByBit UID in the Krown App, and trade over 100,000 in total volume.
The video also mentioned the Krown Quant Project, which offers 16 statistically driven and fully back-tested strategies for trend and range scalping styles. The Krown Trading App was highlighted as well, providing various features such as price action, trade journal, market data, quant data, and market dynamics for free.
Eric Krown Crypto also mentioned two programs he offers: “My Life’s Work on Technical Analysis and Trading Strategies” which consists of 40+ modules of video and PowerPoint presentations, and “Neophyte’s Initiation to Trading and Technical Analysis” which is a beginner’s program for those new to trading.
It is important to note that the video included a disclaimer stating that leverage trading is risky and around 80% of people who leverage trade have a net loss over time. The content in the video is for entertainment purposes only and viewers are encouraged to do their own due diligence.
Regarding the current price movement of Bitcoin, there are signs of a potential trap. While short-term downside is expected, a major continuation is not likely. A potential head and shoulders pattern may be forming on the 6-hour timeframe, with a break below $30,000 indicating further downside. However, if Bitcoin closes above $31,115, it could indicate a failure of the bearish pattern and lead to a move towards $32,700.
Overall, the video provides an informative analysis of the current state of Bitcoin and offers various insights and programs for viewers interested in trading and technical analysis.
