Btc!
BTC NEXT MOVESo mine last prediction was wrong (you can correct me by analyzing it).
You can clearly see that past two breakout took almost 1month to down and we have to wait to see where BTC will go further down or up, It could be see in next 15/17 days(OR BTC "might be" go down in somedays because of inflows).
DISCLAIMER:
I'm still leaning/beginner, So if you go and trade according to my analysis then be careful, I'll not be responsible of any of your profit or loss
"You can correct me or teach more regarding to this analysis"
BTC/USD - Quarterly OverviewThe past financial quarter didn’t go as expected. We did witness the emergence of humongous selling pressure in the overall market conditions including Bitcoin. The world’s largest cryptocurrency has almost retraced about 60% considering the high of Q2 2022 and the current market price. Although the downfall wasn’t a steeped one, BTC found support levels at regular intervals when it broke below $45K for the first time in the quarter.
Considering the moving averages, BTC is trading below MA-10, MA-50, and MA-100 which certainly reflects the prevailing bearish sentiment. The price level had attempted to develop sustainability above MA-10 on multiple occasions but failed to have a formidable bounceback. MA-50 is currently acting as a temporary resistance level while MA-100 lies far beyond the current price action.
The RSI level also faced multiple dips toward the oversold region, especially during the last month of the quarter, and currently showcasing negative nature. The MACD level mostly spent the quarter below the histogram which again reflects the bearish sentiment. Currently, it is looking for a breakout above the histogram.
Overall, bears are certainly having a grip over the market conditions. If BTC continues to sustain below the crucial psychological mark of $20K, one might expect more downfall. In that case, support levels can be placed at $18K and $16K. On the contrary, resistance levels can be placed at $22K and $24K.
Trading Signal For Bitcoin (Update)Trading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (Futures) (Update)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 19996.85
⭕️SL @ 20818.0
🔵TP1 @ 18248.15
🔵TP2 @ 17164.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
🟥SELL #BTC - MARKET STRUCTURE BREAK BTC MARKET STRUCTURE BREAK DOWNTREND
Take care for the near support
18.95
18.25
17.63
Bitcoin Short..Should you use this signal in your trading, please risk accordingly and understand that there are no guarantees in trading, trading always carries a high degree of risk.
The material and analysis being provided is for educational purposes only. No information presented constitutes a recommendation to buy or sell any financial instrument. You are fully responsible for any investment decisions you make.
Trading Signal For Bitcoin Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin (Futures)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 20473.9
⭕️SL @ 21318.0
🔵TP1 @ 19124.0
🔵TP2 @ 17538.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
#BTC to $24500 in SwingsEarlier in my YT i have provided insights that how can one short till 29500 but it actually went way beyond that. I think prior to upward movement to 24500, it can range break to 26500 as well, But any new hodlers i prefer btc might reach 15089 and i think making new assets upto that level has prior more oppurtunity to hold. Now one can enjoy buys above 21400. But dont hold above 35000. high time can get reversed
Bitcoin Short Term AnalysisBitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come going higher than 21600.. Right now my expectation is for a regular ABC correction but if it goes past 21600 and make new highs then it would be either an expanded flata or running flat. Most likely should be a running flat in that case as Bitcoin seems to be holding 19900 levels which was previous high..
btc analysishead and shoulder are still there in our list just that now we assume it to create on a trend line rather than on a support line
if it breaks out with volume then we may reject the resistance or else a downward even with the breakout
I don't see this as a relief rally yet
this cant be the bottom as the volume has not increased much with increased prices in past
let's wait and watch for now
I am currently watching the market to react not entering any trade
if it's a successful breakout will enter a small amount or we will get a nice dip to enter in future