AVAX LONG SETUP Avax moving slowly but the structure and swept new lows grabbing huge buy stops.
- AVAX SETUP RISK 17% REWARD -65% (SWING LONG)
- AVAX has a great ecosystem to be added in your long-term Portfolio
- Avax Sell Zone - 13$-16$ ( We saw a massive demand breakdown from 16$)
- Avax has more possibility of testing 13-14$ because that's an FVG area.
- Avoid Leverage
Bitcoinprice
Bitcoin Short Setup Bitcoin is currently trading in a strong supply.
- I don't think there's any strong reason to still stay bullish now.
- I will look to trim my swing longs.
- Do not add swing longs or anything in your Portfolio.
- Max Kill Zone is 32,000$-33,000$ to trap fresh retailers.
- Try avoiding leverage until the market presents a strong setup.
- I will short some Altcoins when I see BTC pumping more.
#BTC #CRYPTO #crypto #eth
BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )Price Analysis
Current Price: $28739.02
24-Hour Change: 1.88%
Circulation Supply: 19.52M
Trend Analysis
Technical Indicator : Strong Buy (On Daily Basis)
Moving Average : Strong Buy (On Daily Basis)
Overall Trend : Strong Buy (On Daily Basis)
Key Support and Resistance Levels:
Support Level 1: 28125.4
Support Level 2: 27850.3
Resistance Level 1: 28639.0
Resistance Level 2: 23378.7
Moving Averages:
50-Day Simple Moving Average (SMA): 26790.70 ( Buy)
200-Day Simple Moving Average (SMA): 27772.0 ( Buy )
Relative Strength Index (RSI)
Current RSI: 67.237
RSI Interpretation: Buy Zone
Volume Analysis
Trading Volume: $14,616,751,761
Volume Trends: Increasing in Nature
Candlestick Patterns
BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ).
HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ),
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ).
Conclusion
The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M.
It's essential to exercise caution and apply risk management strategies in your trading decisions.
False Bitcoin rumors revealing real market sentiment False Bitcoin rumors revealing real market sentiment
Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application.
In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains.
The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
BITCOIN - Again in #BullTrap#Bitcoin Weekly Analysis
As per weekly movements into CRYPTOCAP:BTC into USDT pair Chart Analysis, It's again into #BullTrap with highly Pumped at October Start-up while America goes into Shut-Down to their services as per financial crises and Recession.
This Trap is 100% #Pumptoober,
B'coz, as per chart, Buying pressure starts from 1st week of January and Selling pressure starts from 1st week of August (As mentioned in Chart), after that Not any Buying cycle with market Volume arrived yet, so market is still under the #BearishZone pressure, and whaler's are trying to manipulate the market by creating Pump-Dump as in BullTrap.
As per my analysis, very much chances for market to goes into Bearish Zone within next 25-35 days and favourable chance to reach out its final Lower-Low target from $23.5k-$19.5k around in coming 30-40 days up to Nov. end, after that market starts in #BullishZone.
Anyway,
Always #DYOR and Trade wisely by using #StopLoss, its just #NFA
and,
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$BTC MacroOn the $BTCUSDT chart, I have highlighted all significant supports and resistance levels. In my opinion, we may see $14000 - $12000 before the next bull run, which might be before a rally to $38000 or after $BTC reaches $38k and then drops to the $14000 - $12000 zone.
In August, $Bitcoin might reach $14000 - $12000.You can DCA accordingly.
Trade at your own risk
Not Financial Advice
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%.
The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone.
On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels.
Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created.
For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema.
The volumes are high when there is a fall and a reduction in the up move.
There is volatility which no giving a clear view in this range.
Let the coin give break out or break down of the levels and trades should be initiated accordingly.
Support :- 25860, 25670
Resistance :- 26185, 26500
Wait for the price action near the levels before entering a trade.
BTC is testing our patience. BIG MOVE INCOMING $BINANCE:BTCUSDT Last 3 months were really historical in terms of volatility and volume for BTC. BTC testing our patience. Now, as BTC price is testing important support line in 1D chart (highlighted in orange line) and also we are very close to 100 MA, we have to be very careful with our trade.
My Analysis:
Condition 1: A close above the $29,650 resistance could send the price toward the $30,000 resistance zone. Any more gains might change the trend and the price might rise toward $30,500. In the stated case, the price could even rise toward $31,200 or even $32,500 in the coming days.
Condition 2: If Bitcoin fails to clear the $29,650 resistance, it could continue to move down. Immediate support on the downside is 29000. A downside break below the $29,000 level might start another steady decline. In the stated case, the price could drop toward $28,000. if it breaks $28000, lets face the worst decline towards $26000.
Please use stop loss and respect your target price.
BITCOIN still in Bearish Zone#BITCOIN 1-hr. Chart Analysis
As per present cycle of Descending Broadening Wedge Pattern of CRYPTOCAP:BTC , soon it takes a little pump up to $25.5k to $25.7k but as per complete cycle of Bearish Pennant Pattern it will be declined for uptrend cycle and goes towards $24.5k to $23.5k soon with another Dump into market and may be it will happening into next 2-3 days.
Always #DYOR before investing in #Crypto and Trade wisely by using of #StopLoss
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BITCOIN still under #BearishZone#BITCOIN 1-Day Chart Analysis-
As per CRYPTOCAP:BTC daily chart, Yearly Cycles running into Ascending Broadening Wedge pattern, then its final wave is nearby touched their support level and soon break-out up to $22.5k to $19.5k to complete its Bearish Zone cycle up to 5/7 sept., while monthly cycles moving under Descending Broadening Wedge Pattern, and as per that after the current downtrend completing, its upper Bullish divergence starts soon from mid of Nov. 2023.
At present, market is under volatile situation and Bears & Bulls both ready for their move, and Whaler's are also find the easy gap of 6k-7k for big Pumps & Dumps on this situation. So, as per that chart pattern will be change too, but majority of chances of Bitcoin moves as per given pattern.
Always #DYOR and Trade with #StopLoss, It's #NFA
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Looming 📉 24th Aug - 28th Sep Btc could test support 26700 -- 27600 if sustains then possibly it could bounce to 29700 within dec
If rejection happens from 29700 then 📉 📉 it could crash to 8500 ( April 2024) marked in the chart
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Swing Buy Opportunity in IPCA LabPlease Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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BTC in Bearish Parallel Chanel PatternBITCOIN 4-hr Chart Analysis
CRYPTOCAP:BTC at present moving as per Descending Channel's in Parallel Pattern with more Bearish mode, and soon be ready to break out Last Lower-High strong support of $28,300 to moving towards FWB:27K to next step of Lower-Low trends in Bitcoin Market.
This time, very big chances to break down approx. 7% to 10% soon.
Let's wait, what's the next move of market but as per my opinion, soon it will be in bearish zone.
anyway, always #DYOR and Trade wisely by using #StopLoss, It's just #NFA
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BITCOIN - Halving'20 to Halving'24 Price Projection#BITCOIN Weekly Chart Analysis
Here in this chart, I calculate CRYPTOCAP:BTC value at previous Halving time with their Last Lower-Low Cut-off Mark was $3.9k on March 2020 while Last Halving on 11 May 2020 with BTC Value on that day was $9.8k and First #ATH was created after Halving around in 11 months with $63.5k Mark Value.
Now same as per previous patterns, if i will follow it-
The upcoming Last Lower-Low is around $21.5k to $18.5k around Sept-Oct. and around Halving time of 11 April to 11 May 2024 its Value reach approx. $45k-50k and Next #AllTimeHigh will be create around Feb-March 2025 approx. $120k-$150k and then a Break-down comes and the final #ATH will be create around Nov.2025 to Jan. 2026 with min. $180k to $220k and max. $240k-$280k approx. as per Previously created Parabolic Chart View of Bitcoin Price Projections.
Always #DYOR and Trade wisely by using #StopLoss, it's #NFA
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BTCUSD 30 July Target 100% Perfect🤑🤑#We Make Only Profit.
Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC.
#BTCUSD #XRPUSD
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.