BTC USDT - Bitcoin 1 Hr.CHARTBTCUSDT- Perpetual - Binance - 1 Hour Chat
BINANCE:BTCUSDT
Good 3 Drive Swing pattern is unfolding which may result in sell off to the potential targets given on chart .
Not a recomendation to Buy/Sell :)
Also check related idea below for my last BTC analysis . Do "Like" if you feel good at my attempt :)
Thanks for reading,
Chintamani.
Btc!
#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
Bitcoin is now trying to break the $21.750-$22,000 resistance area. If BTC is able to break this resistance, we will see a move towards the key resistance area of $22,500. If BTC gets rejected from here, we will again see a test of $20,000.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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You should wait for your next trade till this BTC moveBTC chart showing that it would be go down as we can see, its making W(double bottom) pattern and may break down symmetric triangle, Make sure you wait for next trade till next move of BTC.
KEEP IN MIND, I'M NOT FINENCIAL ADVISER, IT'S JUST MY VIEW (I'M NOT RISPONSIABLE OF ANY KINDOF LOSS OR PROFIT IF YOU TAKE TRADE ACCORDING MY ANALYSIS).
Let's see BTC is this a wyckoff again?Hey everyone
I Guess everyone is looking for the btc bottom but when we extend the charts we can observe something cool
we can see btc forming wyckoff Accumulation and we just tested Resistance line above AR now we are moving forward towards ST in phase b
IMO we still have to wait for october to november for the start of the bull rally
Bearish 🐻 View on BANKNIFTY BANKNIFTY is Broken Today's Opening Low So If BANKNIFTY Breaks Yesterday's Closing It Will Fall Upto @34890-34750
So Do Short Sell Only Because Market is Very Bearish
BANKNIFTY First Support @1c920d4c27b348609c09617906b834 Second Support @34640
Disclaimer:-Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You
What 1-hour chart says? Fundamental Development:-
Capitulation ongoing but markets not at the bottom yet: Glassnode
Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that market capitulations have been ongoing for about a month and that several other signals suggest bottom formations in Bitcoin prices.However, Glassnode analysts wrote that the bear market “still requires an element of duration” as Long-Term Holders (LTH), who tend to have greater confidence in Bitcoin as a technology, increasingly bear the greatest unrealized losses.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,000-$19,800 ranges.BTC is made low 19,700 and now consolidating within a range. Yesterday it made high near $21,200 and then it continue to Falling to near 200 simple moving averages. Bitcoin is struggling to gain momentum above $20,000.
Alternative Scenario: If Bitcoin fails to clear the $20,000 resistance zone, it could start another decline. An immediate support on the downside is near the $19,600 level.
Bearish View On SGX NIFTY If SGX NIFTY Breaks @16050 It Will Fall Upto @16010-@15967
Do Short Sell Only Because Market is Very Bearish So Don't Do Buy Options Do Sell Options
If You The Options You Will Get Good Profits
First Support @16010 Then Second Support is at @15967 Because In Past Days it is act like a strong Support @15967........!
Disclaimer:-
Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You.
Bitcoin Elliot wave analysisBitcoin BTCUSD trend is now up, then down
Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts,
but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions.
all the possible degree wave counts are shared in snap shots below
Possible wave counts on weekly time frame
Possible wave counts on daily time frame
Possible wave counts on 4 hourly time frame
positive divergence in both macd and rsi
RSI double breakout on hourly chart.
MACD positive crossover on hourly chart
MACD positive crossover on daily chart
Lower Bollinger also uptick
Trigger point is breakout this black resistance trendline
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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.
Will $btc go 24k first and then 17K bottom formationHistorical analysis shows that , as and when we double top with low volume we fall bad
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume candle
2- Hunt all SL
3- It should not keep marching below the resistance, if it does its a clear cut short trade till 16-17K(which we call a bottom)
#3 will be invalidated - If #1 and #2 triggered. Satisfying #1,#2 means we have already bottomed
one thing is confirmed we definately going to form extension layer till 23-25k where all will become fomo and start adding positions, that should be the trigger point for sell (only and only if #3 satisfied)
Love BB
BTC Blood Path !!! But where is the BOTTOM ???Good day to everyone!
BTC enters the BOTTOM zone which is between 16-22k. Best buy zone is 16-18k .
We may rally to the resistance zone 48-50k after few months of bottom consolidation (July - October), and then continues the Bull Run breaking ATH.
Get ready for the next Bull Cycle..
~RPS
BTC/JPY - weekly Analytics + Altcoins 04.07.2022There is a key consolidation range formed in bitcoin between the levels of 2700000 - 2845000. If buyers manage to "drive" the price above resistance, it will open the way to the growth of quotations around $25,000, the drawing of impulse movements in bitcoin now is the main moment to enter a stable rising trend.
Altcoins
Tron formed a false breakout from the lower diagonal boundary of a potential triangle, at the moment it looks stronger than the market and has already separated with bitcoin , a strong confirmation will be the growth in the area of 0.08.(also we expect the formation of confirming growth waves)
BTC/USD - weekly Analytics + Altcoins 04.07.2022There is a key consolidation range formed in bitcoin between the levels of 19,850 - 21,150. If buyers manage to "drive" the price above resistance, it will open the way to the growth of quotations around $25,000, the drawing of impulse movements in bitcoin now is the main moment to enter a stable rising trend.
Altcoins
Tron formed a false breakout from the lower diagonal boundary of a potential triangle, at the moment it looks stronger than the market and has already separated with bitcoin , a strong confirmation will be the growth in the area of 0.08.(also we expect the formation of confirming growth waves)
BTC/USD - Weekly OverviewThe past week's price performance resulted in more skepticism among investors as BTC faced multiple negative breakouts below the crucial psychological mark of $20K. Compared to the previous high of the previous month, BTC is almost down by 37%.
On the Fibonacci retracement table, the price level has fallen below the 0.236FIB level and unable to have any positive breakouts since then. The RSI level is constantly facing resistance at 50.
Considering the technical pattern, BTC has formed a descending triangle from a couple of weeks of price action. A positive breakout from the pattern in upcoming days might hint at the revival of bulls and vice-versa. The BB has also contracted its width on the chart while showcasing downtrending nature. The price level is having a hard time sustaining above the baseline of BB.
Overall, exposure to further downtrend might be a possibility if the world’s largest cryptocurrency stays below $20K. In that case, support levels can be placed at $18K and $17K. On the contrary, if the bulls are able to make a comeback, resistance can be placed at $22K and $23K.