Bitcoin (Cryptocurrency)
Make or Break BitcoinBitcoin briefly topped $20,000 on Tuesday, hitting its highest level in more than a week, but is still struggling to break out of its tight trading range.
With another U.S. Federal Reserve interest rate out the way, traders may be positioning themselves for a peak in U.S. dollar strength, which would be positive for bitcoin. BITSTAMP:BTCUSD
Bitcoin SupportCryptos are crashing like anything.
I’ve used XABCD pattern along with ABCD pattern to find the the support of Bitcoin using Harmonics.
I’m expecting 35-40% more shedding of Bitcoin and may find support at precisely10600-10300 USD.
Target from there shall be atleast 41500.
This analysis holds if it breaks 16400 on daily closing.
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed positive sentiment during the past week as the price level maintained sustainability above the psychological mark of $20K.
Moreover, the price level was able to have a positive breakout above the resistance zone between 0.786 FIB level and 0.618 FIB level and attained a new weekly high of nearly $21.5K. However, price sustainability above 0.618 FIB level looks doubtful as BTC just had a negative breakout below it.
Considering the moving averages, BTC is unable to maintain sustainability above MA-10 in a shorter timeframe. However, to avoid any sudden strong negative divergence, MA-50 is proving to be a significant support provider.
Looking at the technical indicators, RSI is showcasing negative nature with a breakdown below 50. The MACD level has also faced a bearish crossover and started to form red bars on the histogram.
Overall, BTC has strong support at $20K and $18K for avoiding any sharp negative fall. If the bulls are able to withstand, resistance levels can be placed at $22K and $24K respectively.
Voyager- Will it sink or sail in pride. Voyager as you all know is now being bid by FTX. There is a voting process till 29th Nov. It's in news all over and will soon be again.
VGX token is also kept forward as a sale of 10M$ which is a floor price set.
VGX is a lovely whales manipulation coin and its very silent as of now.
I see it pumping soon for an easy 2x approx. As TA wise it looks good around a support and exhaustion of selling. Also FA wise they might want to pump VGX for exit liquidity or even to get higher bid of VGX reserves by showing VGX strength in this market.
As of Oct 14, Voyager holds 60% of the total supply which I don't think they will sell or can sell. Other top holders are Binance with more than 10% of the supply and some bags by Gate and Coinbase too. Exit liquidity is inevitable IMO.
The token crashing to zero sounds tough, so let's try to get in this pump and dump.
DYOR, NFA and it's a risky setup not like any other low risk, we talking about this company's insolvency and debts and auction and whatnot.
Bitcoin in bullish form-range breakoutBitcoin is breaking the range in daily timeframe.A confirmation candle is forming next.If the candle closed in green as a bullish confirmation,a long trade can be initiated for the next day. The upper support level of the range in image(21854.16) will consider as the target.
BTC Long Is Bitcoin ready for a 24K$ Pump?
Btc Long
Entry - 20800
Exit -22800
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 20250. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $24700, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $17700
BTC has recently seen an increase in volume in the trend, which may indicate that the bottom has been reached. Price is currently consolidating between 20,000$ and 20,400$, which is another good sign at the bottom phase for a trend reversal.
According to the current structure of BTC , if it breaks the trend line resistance, the price of BTC may rise to 24.7K$.
Happy Trading
Bitcoin short-Double top breakoutBitcoin is forming a double top pattern in 1h time frame.The pattern is already retested two levels.If the wave breaks the support 1,a short trade can be initiated with the risk to reward ratio of 1:3 as seen on the image.It can take retest the level of support 2 and support 3 as well,so be patient.Also,US fed reports are coming so market can be volatile.
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed positive sentiment during the past week as the price level climbed above and maintained sustainability above the psychological mark of $20K.
Building upon the positive sentiment, BTC tested the resistance at $21K which is placed at 0.618 FIB level on the Fibonacci retracement table. But it did not have a positive breakout above the resistance level and currently facing moderate profit booking momentum. It could be expected that there’s a support build-up present at 0.382 FIB level.
Considering the technical indicators, the RSI level is showcasing negative nature and is vulnerable to breaking below 50. The MACD level has also formed a bearish crossover and started to form red bars on the histogram.
Overall, BTC has formed strong support points at $19K and $18K, respectively. On the opposite, if the positive trend prevails throughout this week, it could also test resistance present at $21K and $23K, respectively.
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin .
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 20857.00
⭕️SL @ 21135.00
🔵TP1 @ 20265.00
🔵TP2 @ 19732.00
🔵TP3 @ 18992.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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NIFTY & BANKNIFTY ANALYSIS FOR {28-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Nifty is facing resistance at 17780 -17800 if it break than it can touch channel resistance line
or it can move in a range 17800 to 17650
Banknifty chart
Banknifty has a strong resistance and if not break a big range for some trading sessions
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