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.
Btc!
$BTC Daily Update$BTC Market sentiment looking very bad with Grayscale making news headlines over PoR and people spreading heavy FUD since over a week now. #Bitcoin spent 10 days in $15,419-$17,097 range and still moving in between, Last 1D closed very bearish if followed thru today expect $15,419 to be tested, supports that will be key to watch further below $15,131, $14,620, $14,019, $13,375, $12,863.
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SOLANA- One Last Ride! (SUB $20)Are you guys ready for the final breakdown? Its gonna feel the most brutal of all and many final believers will be pushed out.
I know I am speaking in certainties, but I gave it a good chance to show it's bullishness, but it failed.
I have good confidence and reasons to believe that this has a GREAT amount of odds of playing out!
Stay wise, prepare for the worst, should not hurt.
Good Luck! See you on the other side! :D
BTC Investment Plan - 17/Nov/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to start to go up from 8k - 12k level.
1) Currently in probable C wave of bigger correction.
2) Probably in making of 4th wave correction within the C wave of bigger correction.
3) Next drop is highly probable the last drop for BTC before reaching for 100k level.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
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Ethereum Classic---Short idea---$ETCETC acts as a mimic for anything related to Barry
now that there is a fear of further contagion re: Genesis, it being attached directly to Barry might fetch us this move fundamentally.
Also, technically it looks cooked just like other crypto.
I'm not in yet, but will soon be!
Good Luck!
#Bitcoin LTF play imo. Looking at 2 possible scenariosTwo possible scenarios for #BTC in my opinion. It either rallies from here (More likely) and takes out liquidity at 17.5k and then reacts either to HTF OB, Key Level (previous support), or the FVG left behind as marked in the chart. I will look for shorts wherever the price reacts out of these three zones.
Alternatively, if the price revisits the newly forming support at 15.5k, I will be looking for Longs upon bounce but with tighter Risk Management.