Are we facing the next leg down?It seems like we have another downtrend, if so, maybe the bottom will be 22k.
Moreover we can see that indicators are pointing in one direction, downwards!!
1-BTC
Btc Dominance plan for this yearWe can see a formation of elliot wave pattern in Btc dominance in the market So we are now in third wave top
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month.
On the Fibonacci retracement table, the price is trading at the lowest level which indicates that we might face any of the dual possibilities with a sudden momentum. A positive breakout above EMA-20 and EMA-50 is also witnessed which can be a positive signal.
The RSI level has started to showcase negative nature retracing back from 60 and currently residing at 57.10. The MACD level is also struggling for a positive breakout above the histogram.
Overall, the support levels can be placed at $28K and $26K respectively. Incase of a comeback of bulls, resistance can be placed at $32K and $34K.
BTC/JPY - weekly Analytics + Altcoins 23.05.2022Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 3,850,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 4,000,000 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend.
BTC/USD - weekly Analytics + Altcoins 23.05.2022Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 30,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 31,150 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend.
#Bitcoin Break out or Break down?On H1 you see my support at 28850ishwhich is holding strong since few days. Above, you see 200 day EMA is also strongly limiting upside with a strong rejection. At some point shortly, it's either or. Breakout or breakdown.
What do you think? Let me know in comments. My bias is for breakdown.
BTC Fall from the Moon happening Soon Exactly sellers taking the control of the price, BTC breaks the correction trend line more over bearish pennant forming on the 15 mins chart and breakout by the candles and confirmation by volume indicating BTC on the downward move. I am taking this trade.
What’s your take on it?
Comment down
BTC Can Drop Further More.From last Rejection at 30000 BTC fell to the support level around 28750, corrected between the Fibonacci levels , sellers are gettting the control slowly. There is raising wedge forming on 1 hour time frame so most probably we can see a BTC further low might be the lowest.
BTCUSD Trading Plan - 20/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up on short term after finishing this correction.
Short term Buy.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Corelation between s&p and btc.If the given support get breaked then we will see a downside move upto3800$ and if it also get breaked than we will go to the last support of 3731$ and following s&p btc will also go down upto its last support of 200 MA .
BTC Btc analysis short june, july down 22k- 25k. btc long term analysis, what you think comments below.
Our fractal is playing out !😎As we shared yesterday with you that btc can do sideways movement is geeting right because 31800$ is hard resistance for now and 27600$ is strong support now and also our fractal is indiacting that we are going in a sideways market till mid july to last august untill unless a good volume comes in market.
Bitcoin to 34k coming Bitcoin in H4.
I hope you like the content. I wanted to keep this forum where i can share my ideas in detail and why i think so.
Execution of ideas happen in my trading forum which is has so cost price for the real honest neat and clean trades/ content
Ok let's move on , Today gona share Bitcoin in H4
As said before. Have guts , have balls to buy it's real buy and we may see momentum soon. Point to understand here is , more the fear more the blood more the opportunity, you want to grab it or not upto you.
Tech Analysis, if you zoom out and see what bitcoin did is bear fakeout, it broke the trendline downside, but keep the PA in golden pocket. It's now ranging in ultra critical point i.e. Breakout point.
Sentiments for today: I am expecting upside momentum because today's cpr is so clean and wide and there is no agility there. Ya. Price i am expecting as per W shape recovery in H4 approx 34.6k in coming days.
Bullish as long as 28k secured.
Much Love
@thebigbull9
Expecting a sideways movement till August .Currently 31800$ and 27600$ are the heavy resistance and support respectively and market has also not much volume seems that whales are accumulating so I’m personally expecting a sideways movement in daily timeframe and this fractal is also indicating a sideways movement till august. Usually fractal are not correct and may this time also btc dont follow this fractal but if sustainable volume doesn’t comes in market then this fractal will play out definitely according to me.
NOT A FINANCIAL ADVICE , #DYOR.
BTCUSDT SHORTHere I drawn how btc is going to perform in coming days. I’m expecting it to drop to 28k range and retrace to 34k range then hard drop to 24k.
BTCUSD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up after spending some more time in this correction.
Short term Buy for now.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Expecting a upside move from here in btc .BTC Currently moving in a parallel rising channel and cuurently it is sitting on the lower trendline , I’m expecting a upside move from here upto 31800-32500$ hope btc will not break it downside but if it broke downside than we can see btc falling upto 28800- 27900$. Keep eye on it .
BTC/JPY - weekly Analytics + Altcoins 16.05.2022From May 12-13, 2022 there is a potential upside movement in bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 4,000,000, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
BTC/USD - weekly Analytics + Altcoins 16.05.2022From May 12-13, 2022 there is a potential upside movement in bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 31.150, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
BTC/USD - Weekly OverviewThe past week turned out to be a pivotal point for the world’s largest cryptocurrency. Bitcoin fell below the crucial mark of $30K, which further led to panic selling among the altcoins. A negative breakout from the descending triangle pattern during the first week of the month hinted for such a nosedive in the price level
However, looking onto the brighter side, it must be considered that the price level has entered the accumulation zone, which led BTC to achieve its new all-time of $68,790 during the past year. Therefore, it can accumulate a new set of investors within the current range to bring back the positive momentum
The technical indicators are still suffering from the wrath of bears but hints at a possible bounceback. RSI, after nosediving to the oversold region, is showcasing positive nature while residing at 33.24. The MACD is still below the histogram forming red bars and shows the potential of a bullish crossover in the upcoming days
Maintaining sustainability above $30K and $28K respectively will be very important for BTC to avoid further decline. On the positive side, resistance can be placed at $32K and $36K.
Buy #BTC around 28900 -28600 levels with SL of 28200 TGT 31000 Buy #BTC around 28900 -28600 with 33% price purchase
levels with SL of 28200 TGT 31000
Worried as Fear & Greed factor is 10 (low) !!
BTC targeting $150K?Throughout this double top formation, RSI have cooled down and been trading under the oversold zone now. We have good support around $20K, which can act as a bottom. Then we can expect a rally upto $150K
