1-BTC
BTC support at 22500#BTC has multiple supports at around 22500.
1. Ichimoku clound on daily TF
2. 50 DMA on daily TF
3. Trendline support
4. Horizontal line support
Breaching 22500 on daily TF will open the floodgates on the downside. Till then this level can be safely considered to be SL for long position.
What 1-hour chart says?
Fundamental Development:-
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had friends that had bought lots of crypto, and it had changed their lives — guys who didn’t make a whole lot of money but all of a sudden had a $5 million net worth in crypto,” said Novogratz:
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $23300 -$23350 ranges. BTC made low 22300 and now consolidating within a range. Yesterday it made high near $23700 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,300.
Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $22,800 level.
💎BTC: Very Soon We are going to Test 32000$Hello Traders,
After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs.
its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first target i m expecting is 32k, which is last monthly candle high.
there are so many alt coins which are highly bullish on weekly frm tomorrow i will post one by one with entry and targets.
BTC/JPY - weekly Analytics + Altcoins 18.07.2022At the moment, the price consolidation is fully formed by the current impulse breakdown, the false breakdowns at its lower boundary indicates that the big players were actively buying bitcoin at an average price of 2780000, this indirectly indicates an incipient long-term rising trend, an excellent confirmation of this idea will be the price climbing to the area of 3450000.
Altcoins
Tron is approaching its upper diagonal resistance boundary, its breakdown will confirm our expectation of further long-term growth.
BTC/USD - weekly Analytics + Altcoins 18.07.2022At the moment, the price consolidation is fully formed by the current impulse breakdown, the false breakdowns at its lower boundary indicates that the big players were actively buying bitcoin at an average price of 20,500, this indirectly indicates an incipient long-term rising trend, an excellent confirmation of this idea will be the price climbing to the area of 25,000.
Altcoins
Tron is approaching its upper diagonal resistance boundary, its breakdown will confirm our expectation of further long-term growth.
BTC/USD - Weekly OverviewBitcoin price level hovered within the consolidation range depicted in the chart. The world’s largest cryptocurrency maintained sustainability above the strong support level of $19K. Thereafter, the price level is currently attempting for a positive breakout above the consolidation range.
It must be noted that BTC faced a couple of negative breakouts after forming a consolidation range for a considerable time during the past months. Bulls might have an excellent opportunity to develop sustainability at a higher range and be a sentiment changer if the daily candle closes above the consolidation range.
Supporting the hypothesis is the positive crossover of MA-10 against MA-25 and MA-50. However, on previous occasions, we have seen significant selling pressure as soon as MA-10 goes above other moving averages, reflecting the present resistance.
RSI level is targeting the overbought region while residing at 63.34 at the time of recording.
Overall, BTC will face resistance at $23K and $24K. Incase of a turn of events, support levels can be placed at $19K and $18K.
BTC USDT - Bitcoin 1 Hr.CHARTBTCUSDT- Perpetual - Binance - 1 Hour Chat
BINANCE:BTCUSDT
Good 3 Drive Swing pattern is unfolding which may result in sell off to the potential targets given on chart .
Not a recomendation to Buy/Sell :)
Also check related idea below for my last BTC analysis . Do "Like" if you feel good at my attempt :)
Thanks for reading,
Chintamani.
#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
Bitcoin is now trying to break the $21.750-$22,000 resistance area. If BTC is able to break this resistance, we will see a move towards the key resistance area of $22,500. If BTC gets rejected from here, we will again see a test of $20,000.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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You should wait for your next trade till this BTC moveBTC chart showing that it would be go down as we can see, its making W(double bottom) pattern and may break down symmetric triangle, Make sure you wait for next trade till next move of BTC.
KEEP IN MIND, I'M NOT FINENCIAL ADVISER, IT'S JUST MY VIEW (I'M NOT RISPONSIABLE OF ANY KINDOF LOSS OR PROFIT IF YOU TAKE TRADE ACCORDING MY ANALYSIS).
Let's see BTC is this a wyckoff again?Hey everyone
I Guess everyone is looking for the btc bottom but when we extend the charts we can observe something cool
we can see btc forming wyckoff Accumulation and we just tested Resistance line above AR now we are moving forward towards ST in phase b
IMO we still have to wait for october to november for the start of the bull rally
Bearish 🐻 View on BANKNIFTY BANKNIFTY is Broken Today's Opening Low So If BANKNIFTY Breaks Yesterday's Closing It Will Fall Upto @34890-34750
So Do Short Sell Only Because Market is Very Bearish
BANKNIFTY First Support @1c920d4c27b348609c09617906b834 Second Support @34640
Disclaimer:-Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You
What 1-hour chart says? Fundamental Development:-
Capitulation ongoing but markets not at the bottom yet: Glassnode
Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that market capitulations have been ongoing for about a month and that several other signals suggest bottom formations in Bitcoin prices.However, Glassnode analysts wrote that the bear market “still requires an element of duration” as Long-Term Holders (LTH), who tend to have greater confidence in Bitcoin as a technology, increasingly bear the greatest unrealized losses.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,000-$19,800 ranges.BTC is made low 19,700 and now consolidating within a range. Yesterday it made high near $21,200 and then it continue to Falling to near 200 simple moving averages. Bitcoin is struggling to gain momentum above $20,000.
Alternative Scenario: If Bitcoin fails to clear the $20,000 resistance zone, it could start another decline. An immediate support on the downside is near the $19,600 level.
Bearish View On SGX NIFTY If SGX NIFTY Breaks @16050 It Will Fall Upto @16010-@15967
Do Short Sell Only Because Market is Very Bearish So Don't Do Buy Options Do Sell Options
If You The Options You Will Get Good Profits
First Support @16010 Then Second Support is at @15967 Because In Past Days it is act like a strong Support @15967........!
Disclaimer:-
Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You.
Bitcoin Elliot wave analysisBitcoin BTCUSD trend is now up, then down
Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts,
but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions.
all the possible degree wave counts are shared in snap shots below
Possible wave counts on weekly time frame
Possible wave counts on daily time frame
Possible wave counts on 4 hourly time frame
positive divergence in both macd and rsi
RSI double breakout on hourly chart.
MACD positive crossover on hourly chart
MACD positive crossover on daily chart
Lower Bollinger also uptick
Trigger point is breakout this black resistance trendline
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.