Bitcoinprediction
BITCOIN at Descending Broadening WedgeBITCOIN 4 hr. Chart Analysis
As per present CRYPTOCAP:BTC movements in Descending Broadening Wedge Pattern, that starts from last high of CRYPTOCAP:BTC on 22 June at $31.25k, its finishing point is around 12-15 July and it will be the last time next ATH of approx. $32.8k to $33.3k and get reversal very fast towards FWB:29K -$30k, before $33.5k mark that is another strong resistance & Support of previous timings.
Also, as per FIB extension move, it will be rejects once in July to for Bearish Zone and up to august Bitcoin goes in Sideways, while Altcoins will be start to performing well this time.
Always #DYOR and Trade Wisely with #StopLoss
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BTCUSDT SHORT 15 MIN ENTRY @3025
SL @30353
TGT@30010, 29800, 29540 +
After a SL in long entry previously I have taken a short position as per my setup post retest and a breakdown of support. There is also a bearish crossover and it is below 0 level so let us see if this takes a SL or target. There is no shame in taking SL for me as I know my setup gives me a 1:5+ ratio in trades so I do not mind taking SL 5-10 times straight. I tried taking trades on 5 min they work on BTC but now as 15 min or 1 hour. So from next time I will try to trade only on 15 min min frame ignoring shorter frame of 5 or less in Bitcoin.
BITCOIN BULLISH STRUCTURE 1 HOUR This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 + in every trade I take.
Bitcoin at a key pivot level on the daily chart Bitcoin took support at the neckline of the head and shoulder pattern and now is back to the former resistance levels from where it fell. This is a key pivot level and any break above this will open up a substantial upside for the crypto currency. We have also been getting a good rally in the equities and is there now a case when the riskier assets are being favored? There is the powell testimony today and that will move the counter for sure. But for now and from a technical perspective this rally on the daily chart means the uptrend is intact and that we are more likely to get a breakout than get a breakdown from here on. So wait for any break above the level and then go long.
BITCOIN at Broadening Wedge Top PatternBITCOIN 1-Hr. CHART ANALYSIS
As per hourly chart of Bitcoin, its moving at Broadening Wedge Pattern for again a bullish trends towards FWB:29K , but still as per Daily chart pattern, its final cut-off point is near about $28.5k to $29.5k for another Divergence cycle of Downtrend too...
so, invest & trade wisely by using #StopLoss and #DYOR always.
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BITCOIN MARKET ANALYSIS: MAJOR SUPPORTBitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k.
However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out.
Watch these levels closely in the coming days/weeks.
BNB Price Prediction, will BNB’s price hit $528.24?BNB’s price at the same time last week was $307.79. It has moved by 1.24% in the past week and is currently at $308.85. Infact, in the past 24 hours, BNB has dumped by -1.70%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BNB could hit $490.92 in 2024.
The total circulating supply of BNB as of writing this article was $157,886,280 and the market cap of BNB remains at $48,765,651,999.
BNB, BNB could hit $528.24 in 2023
BNB’s price prediction for the most bearish scenario will value BNB at $247.08 in 2023
BNB’s previous All Time High was on 10th May 2021 where BNB was priced at $686.31
Bitcoin Uptrend Retest & Rejections#Bitcoin is under very critical zone now a days and mostly moving around $26.5k to $27.5k, while many times it rejects for uptrends and retest for #BearishZone of FWB:25K -24k but majority of chances, between 20 may to 20 June 2023, BITCOIN will be under #BearishZone of $24k to $22k and then FWB:21K - $19k too....
DISCLAIMER-
It's not any #FA, its just proposal as on chart analysis and previous market trends with public sentiments. for better results always #DYOR.
Fibonacci levels plot levels to watch out for around the $300 The $315 and $300 levels of resistance and support respectively have been important on the lower timeframes. Over the past 48 hours, BNB has declined from the local highs at $316.3 to trade at $308.5, at the time of writing.
On the 6-hour chart, the RSI was unable to climb above neutral 50, showing the persistence of the bears. Over the past week, the trading volume was low as well. This came at a time when BNB retested the $300 level.
With Bitcoin facing rejection from beneath the $27.8k resistance on Monday as well, it appeared likely that more losses were in store for the crypto market this week. If Binance Coin were to slip beneath the $295-$300 area, the Fibonacci extension levels highlighted some key areas to watch out for.
The 50% and 61.8% extension levels would likely be tested upon a move beneath $295, with the 23.6% level at $289 also expected to serve as minor support.
Meanwhile, a move above $316.3 would signify a break in the bearish market structure. Thereafter, buyers could begin to exert their will, but this was the less likely scenario.
BITCOIN USDTgoing long on support. Time frame is 15 min. Took an entry on retest with just 40 points Sl for the target of 600 points. Will keep trailing Sl using 1 min frame in case if the trend has reversal. Just a basics knowledge of Support/Resistance or Supply/Demand with any indicator that to me mastered thats all we need.
BTCUSD possible Elliot wave counts of bitcoinHello Friends,
Here we had shared possible Elliott wave counts of BTCUSD-BITCOIN on 4 hourly chart, in which we can see post bottom formation in November 2022, bitcoin had started motive journey towards north direction as a fresh impulse wave.
In which we had completed wave (1) & (2) and now we are unfolding wave (3), in wave (3) we had completed wave 1 & now possibly we are unfolding wave 2, in which we are having subdivisions as wave (a), (b) & (c), here we are possibly in wave (c) right now, post completion of wave (c) we can assume that our wave 2 should be complete and fresh impulse as a wave 3 should start towards north direction. whereas invalidation level is mentioned on chart at 19569 because wave 2 will never retraces more than 100% of wave 1 as a wave principles. 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
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
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.
BITCOIN USDTTime frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade plan execute, post entry there is either SL or Target but what nobody teaches us in any course or book that it what is outside the chart that is required is PATIENCE, EXECUTION, PSYCHOLOGY, PRACTICE.
WAIT & HUNT
BITCOIN USDTAs per my setup 1 hour short trade is placed near the resistance post the breakdown has been done with a large candle. So my R-R is not good here if I enter right away at ay candle as trading is 90% psychology with Risk management without FOMO. I have placed a short order near the resistance area if the price reaches there for retest would be a good thing & if not I do not want to chase any trade randomly and lose more than what I should, learning lessons through my previous experience and sharing it here as my notes. SL here is 200 points & reward is 1600 points so I dont mind taking series of losses because I only prefer high probability trades. No shame in taking SL and no Pride if targets are achieved, this is a game of probability let us play it this way.