IMPLUSE SELLS ON BTCUSDBitcoin has formed a bulling flag which was a correction of the overall bearish market. During this christmas and opening of next year we might see bitcoin heading to 11000
THE TREND IS YOUR FRIEND!
Bitcoin (Cryptocurrency)
Bitcoin Going towards 10K ! Find out the next move of BTC NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals
Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ...
A trendline which is acting as resistance ATM
A sideways Channel that indicates sideways move on the chart
Our Last TP as mentioned in the previous article
SCENARIO NO 1- So basically we are moving sideways ATM and we might see a huge red candle on the chart if 1 HR candle closes below our TP of $16463
(that will be our road towards 10k )
SCENARIO NO 2- Here if we break our sideways channel towards upwards direction and somehow if we manage to cross $16878 , and if we break our resistance trendline and 1 HR candle closes above that ,then only we might see a relief rally towards 18,000$ again (less probability if we look at larger timeframe)
MY Personal TRADE IDEA - Open a SHORT position at $16463 , and put a SL at $16898 and TP will be 100% ,200%, 300% ...... 1000% in Short term (only for leverage above 20x)
BTC Short opportunity , Look at Key levels i have plotted key levels and support and resistance on BTC/USDT chart that clearly shows the end of a weak trend and i am quite sure that we r gonna go down , if BTC breaks my ley levels ....
TP and SL is already given on the chart , so trade cautiously . TAKE ENTRY AT - 17487 $
and ask me next analysis article and any ques that u guys r having
GUJRAT GAS LTD - TRIANGLENSE:GUJGASLTD
Gujgas has been consolidating in a tight range on a daily timeframe and formed a triangle.
it has a resistance of 528 if it breaks and closes above it on day TF then will enter above 530.
Cmp - 516
my stop - 497
take profit marked on the chart and that's a good resistance too if it breaks then it can trigger a further move up.
Always trade with stop loss to avoid big drawdowns.
keep learning,
happy trading.
BTC forming Evening Star at daily be Cautious Bitcoin is forming an evening star in daily time frame which is a bearish sign if it does not sustain 17K level we might again see 16k region.Wait and monitor for next move also if we see something positive in 17K region our evening star will get invalidated .DO remember 28K is the region where BTC will have to visit either in a month or a year because that GAP needs to be filled. NFA
Gold is about to start a Bull CycleGold is Bullish. They want to distract you with the "fools gold" (crypto) while they buy the real gold (XAUUSD). They'll tell you to sell when they're buying - just as the banks have been with Gold. Stay Classy and enjoy the new Bull Cycle. (Physical Gold is preferred imo) Check RSI on 3Month chart as well ;) Not financial Advice
BTC/USD - Weekly OverviewSince the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end.
It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also tested the resistance zone multiple times but was unable to have a positive breakout.
On the moving averages, MA-10 is still sustaining the positive crossover against MA-50 which is a positive sign. At the same time, MA-50 is proving to provide support to the world’s largest cryptocurrency whenever selling pressure is faced.
The RSI level is also sustaining within the rising channel pattern formulated on the chart. Overall, BTC might be consolidated in nature but sustainability above $17K could lead up to positive developments towards the end of the year. The resistance levels can be placed around $18K and $19K while the support levels can be placed at $17K and $15K.
#BITCOI Bullish Flag on 15 TF Chart#BTC /USDT ANALYSIS
BTC is consolidating in a bullish pennant between the narrow range of $17,280 to $17,320.
A solid breakout of the bullish pennant and a break above the horizontal resistance will give a bullish confirmation for a target of $18,200.
Important update on BTC! must see Above was my previous short trade on BTC and it took support and might touch 17400_18000 and then again break to the downside
Bitcoin #Bitcoin is Hope.
In 2011 #Bitcoin dropped below $20.
In 2015 #Bitcoin dropped below $200.
In 2017 #Bitcoin dropped below $2,000.
In 2022 #Bitcoin dropped below $20,000.
What's going to happen next for #Bitcoin ?
?
Crypto trading challenge (BTC SHORT)took this trade earlier, my poi will be towards 16500's for now to start looking for any longs !
i try to stick to basic pa with minimal help of technical analysis for taking all my trades. also , for this trade, i had set a limit order because it was a high conviction setup even though usually im against it.
will keep updating the challenge here occasionally!
BTC DIp over,Now Start Accumulating at CMP 47360.18 $BTC DIp over, Now Start Accumulating at CMP 47360.18 $, I have checked the whole chart support & Resistance and come to the conclusion that now dip over.
BTC could Bottom at 13220 $ Before Feb 2023.BTC could Bottom at 13220 $ Before Feb 2023. Keep buying in dip to see 300000 $ USD in next halving.
Bitcoin Long position for short term!!Bitcoin about to give a breakout from descending triangle pattern at 17000 levels
Look for long opportunities in short term
BTS LONG SETUPBINANCE:BTSUSDTPERP
Good to Long at Support .USE SL AS 2.50%
FOLLOW FOR MORE
FROM: 𝕄🌚🌚ℕ𝕋𝔸ℕ𝔾 ℂ𝕃𝔸ℕ™️
BTC/USD - Weekly OverviewThe past week has regenerated positive sentiment for the world’s largest cryptocurrency as it broke and maintained sustainability above $17K. The bullish rally could be reflected in the expansion of Bollinger Band’s width.
Moreover, MA-10 was able to have a positive crossover against MA-50 which could be a potential signal for more bullish momentum to come in the near term. However, BTC still needs to have a bullish breakout above the 1.0 FIB level which will help to test the crucial psychological mark of $20K.
Considering the technical indicators, the RSI level is standing at the bullish level of 62.51. Further build-up might test the resistance levels of $18K and $20K, respectively. However, any climb above 70 might be an indication of profit-booking momentum. This can be support levels of $16K and $14K into action.
Bitcoin Short-forming bear divergencesBitcoin is making bear divergences in uptrend in 15m time frame.Price is making a clear divergence of upcoming bear move as shown in the RSI .If the trendline breaks out,a short intraday trade can be initiated on 15m.Keep an eye.
Bitcoin Futures GapThe red fall has not been covered, the green rise has not been covered, and the gray-white rise and fall has been covered. The red horizontal line is the K-line gap caused by the rise in the past two years ago, and the green horizontal line is the K-line gap caused by the decline in the past year. , The gray and white lines are all the gaps that have been filled in the history of Bitcoin. The low price of the red line is more than the high price of the green line. The probability of filling the gap in history is 90%~100%. It is only a matter of time before the gap is filled. The thick line in the picture is a big gap, and the thin line is a small gap. The lines in this picture can be used for a long time.
Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern.
Neckline is where bitcoin has taken support as seen in chart.
Generally target from top to neckline is expected in double top.
Let us see whether bitcoin makes new low from now to reach target as marked in chart.
BTC/USD - Weekly OverviewThe technical chart of Bitcoin reflects on the consolidation faced since the past week. On the chart, the consolidation rage is formbed between the price levels from $15.5K to $17K
Considering the technical indicators, RSI level is facing strong resistance for a positive breakout above 50. Currently, the level is showcasing negative nature while residing at 39.92 at the time of writing. MACD level is also having a hard time to climb above the histogram. However, it should be noted that green bars with considerable density are being formed on the histogram which can result in a positive trend in the near term.
The whole outlook for the world’s largest cryptocurrency is still skeptical with the current market conditions. However, BTC taking a breather and forming a consolidation zone might be the need of the hour in order to avoid further downfall. It is also have strong supports at $15K and $13K. In case of much needed upside, Bitcoin will face resistance around $17K and $19K.
