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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe past week for Bitcoin started off with a positive note as the price level tested the crucial resistance mark of $20K. However, as the level was trading above $20K, a strong profit booking momentum was observed which brought the strong support of $18K into play. nThe support level did again provide the much-required bounceback and the current level is trading between 0.786 FIB level to 0.618 FIB level based on the Fibonacci retracement. Above the 0.618 FIB level, there’s a strong resistance zone for the world’s largest cryptocurrency which it needs to break above and maintain price sustainability at the same time. One of the possible hints for an upcoming bullish trend in the short-term could be the positive crossover of MA-10 against MA-20. However, the crossover was just witnessed on the chart and has the possibility of forming a divergence too. The MACD level remains below the histogram which indicates that the buying volume might not be humongous considering the height of green bars formed. However, the RSI level has broken above the temporary resistance formed on the chart. It’s currently residing at 59.44. Overall, BTC might be heading to retest the resistance level present at $20K and $21K thereafter. In case of a turn of events, the crypto king can have support placed at $19K and $18K
COINBASE:BTCUSD
by TradeDog-Research
BTC/USD - Quarterly Overview (Q3 2022)For the third quarter of 2022, Bitcoin had bullish inception during the first month upon which it had a build-up to test the major resistance level of $25K during August. The price action formed a rising channel pattern before facing significant retracement from the resistance level. The retracement somehow settled at the psychological mark of $20K and maintained temporary sustainability, however, by the end of August, the level was too broken. During the last month of the quarter, the world’s largest cryptocurrency was on the brink of breaking below the crucial support level of $18K but had a strong bounceback and retested the resistance present at $22.5K but failed to have a positive breakout and faced sharp retracement again. The price action pattern is witnessed for the second consecutive time which can indicate that between the price level of $22K to $25K, there are a great number of sellers expecting to encash their BTC Since then, BTC is looking to have a positive and sustainable breakout above the 0.786 FIB level based on the Fibonacci retracement table. It also suggests that bitcoin can face strong resistance at 0.5 FIB level and 0.382 FIB level respectively Considering technical indicators, the RSI level had been quite volatile throughout the quarter by entering overbought and oversold regions on multiple occasions reflecting upon the price rebound between the range of $18K to $25K. MACD level also reflects similar nature as it had multiple breakouts both below and above the histogram. Considering future prospectus, MA-20 just had a positive crossover against MA-50 which may provide some positive momentum for BTC in the upcoming days. The RSI level is also forming a rising channel pattern while the MACD level has again climbed above the histogram. Overall resistance levels can be placed at $21K and $25K. On the negative side, support levels can be placed at $17K and $15K
COINBASE:BTCUSDLong
by TradeDog-Research
MANA token in descending triangle consolidation.Mana token that is built on Ethereum coin is a currency of Decentraland. It gained a reputation last year after the launch of the metaverse to the public domain and gave a nice return of about 600-700% in just few months. Though, after the initial hype the token lost its gains and travelled back to its inital price. The token started trading below its weekly 20 ema in the First week of April 2021 and is still trading below it. Even on the smaller time frame (daily), MANA is struggling to convincingly trade over its 20 DMA and is now forming a desending triangle formation. Its trading around its 20 DMA and have lost around 85-90% of its value from ATH. If the global markets regain their bullish moment the token can also give a nice targets. On the 4-hour chart analysis the token is taking a support around 0.681 USDT levels. Support:- 0.681, 0.629 Resistance :- 0.720, 0.730 The token has been in the down trend for so long and bullish move is expected in it. Wait for the token to breakout of the consolidation range and a price action near the levels for creating an intraday or swing trade.
by TheMamboMomentum
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the crypto markets follow the similar trajectory of the US market. Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA. It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels. On the hourly time frame, it is trading between 20 and 200 ema. Support :- 19290, 18870, 18600 Resistance :- 19630, 20000, 20330. The price range from 19290 to 19630 is a no trading zone. A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart. Wait for the price action near the price levels before entering the markets.
BITSTAMP:BTCUSD
by TheMamboMomentum
MONTHLY STRADDLE IN NIFTY FOR OCTOBER Hi there, Nifty Closing today 29/09/2022 : 16818 spot Since last 3 weeks if we observe Nifty movement there is lot of selling pressure. From the recent high of 18096 levels Nifty has declined almost 7.5%. In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave. wave 2 will be mostly 3-3-3 or 5-3-5 corrective wave. In this WXY corrective wave W is 0.318 Fib retracement of wave 1.So there is higher probability that we will find some support in this area. X point is 0.618 Fib retracement of wave W Considering the recent aggressive selling those who missed the bus will short the market again or take fresh positions when the retracement wave happens. SO WHY MONTHLY STRADDLE? There will be 4 weekly candles in the October series. So even this weeks candle engulfs the latest red candle by oct 6 expiry or after that expiry market will be facing resistance at X area. If people start shorting the market fresh then high chance that market will go to Y area to complete the correction wave . In this process mostly after 3 weeks we can see the market in these levels again with most of the price decay. What if Nifty breaks W area this week without taking support there ? Then the retracement is inevitable in coming weeks and 2 or 3rd week again nifty will be in the anticipated area. Straddle breakeven should be above X and near Y 16750 STRADDLE will do the work. By calculating the percentage return one can safely exit the straddle there. Nifty monthly straddle has almost 30% ROI. Even 10% in 15 days is a better deal. Avoid If you don't know about straddle management I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTY
by Mo-Kri
1
BITCOIN - BTCUSDT - Trading at support level Key highlights: 💡⚡ 📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level. 📈 since last few months script was in consolidation zone as highlighted in chart. 📈 script may give breakout of descending triangle in next few trading sessions. 📈 into that first target or we can say resistance can be around 25375 level and second target / resistance can be around 29717 level. 📈 with main support of around 18942 level and another support can be around 18263 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
Long
by radha_23
1
BTC/USD - Weekly OverviewAs the global economic conditions turned bearish during the past week, Bitcoin seemed to struggle between the price level of $18K to $19.K. However, the crucial support level of $18K remained intact. The current price level is hovering around $19K and might look to retest the resistance present at $20K In a short timeframe, the price level needs to have a positive crossover above MA-50 which can help to regain bullish momentum. Looking at the technical indicators, the RSI level is looking to cross above 50 which might prevail in positive sentiment for the world’s largest cryptocurrency. MACD level is still struggling below the histogram but has started to form green bars Overall, the price level has avoided significant price dumps by having strong sustainability above the crucial support level of $18K. If broken below, the next support level will be $17K. BTC might also test the psychological mark of $20K on the upside and if had a positive crossover, the next resistance level can be placed at $22K
COINBASE:BTCUSDLong
by TradeDog-Research
BTC bounces from 18k for the 5th timeBTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately. With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now. I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must. IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.
Long
by ash161994
BTC ForecastBTC PA Forecast HISTORIC REFERENCE • 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month. RECENT FIRST TIME EVER EVENTS • 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very remote possibility that this slope will go and stay negative, i.e., down trend. Most likely it will run flat and then get back to uptrend. • Never was previous ATH breached. This time it is. • 200W and 300W EMA slopes are now in down trend – First time ever, a disaster event in the history of BTC. CONCLUSION There is very little possibility this disaster spree will continue and give way to next level disaster that will be when 50W EMA will cross 200W or even further 300W or 400W. FORECAST Therefore, with high probability, and correlation to past behavior, it can be forecasted that 200W, 300W and 400W EMA will now trend parallel. This means, BTC will derive support from 400W EMA and resistance from 200W EMA and price will range up and down the 300W EMA, as it is currently doing. Price will first try to break 200W around the week of 24th October 2022, high probability it will get rejected and will be back down to derive support from 400W EMA and then again try to breach 200W EMA again at around week of 10th April, high probability it will be successful in its second attempt and then finally try to break 100W and 50W confluence. Once that is done, we will be in a clear uptrend. This PA also conforms to Wycoff Accumulation Schematic. The calculations are based on Fib Time, Fib Levels, Exponential Moving Averages and Wycoff’s Schematics. THIS IS NOT A FINANCIAL ADVICE. Just Physics and Mathematics in action!
INDEX:BTCUSDLong
by GreenClairvoyant
1
BTC/USD - Weekly OverviewThe past week had a quick change of sentiments as the world’s largest cryptocurrency is back again above the crucial psychological mark of $20K. The price level did make a weekly low of around $18.5K Currently, the price level is testing both MA-100 and MA-200. However, the alarming aspect is that MA-50 is still showcasing negative nature which might hint that a routine correction might be on the way The RSI also supports a similar sort of hypothesis as the level is near the overbought region and can face quick retracement. MACD level has finally started to formulate green bars and broke above the histogram for the first time this month. Overall, Bitcoin has showcased a positive rally in this month and a profit booking momentum can be expected in the upcoming days. Support levels can be placed at $20K and $18K whereas the resistance levels can be placed at $23K and $25K.
COINBASE:BTCUSDShort
by TradeDog-Research