$BTC Daily Update$BTC #BTC As expected $23,479 support came in effect, 1D failed to follow up bullish engulfing closing bearish. $23,479 testing as of now, needs to hold above $23K to retest $24,129. Continue watching given S/R.
BTC-D
$BTC Daily Update$BTC #BTC Failed to follow thru on bullish engulfing from Sunday, put bearish engulfing on last 1D close, $22,750 support tested and currently in effect. Current support at risk, next support to watch $22,379, $21,791. Continue watching S/R
BITCOIN CHART ANALYSISBitcoin gave a Biggest Range Breakout but sudden fallback also..,,so is this False Breakout or small retrecemnt and after this, Can we see a Big UP Rally????
KEEP AN EYE ON IT…..!!!!
BTC/USD - Weekly OverviewBitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%.
On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level.
Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum. The MACD level has also started to form red bars on the histogram while the levels look vulnerable for a negative crossover.
Overall, if the bulls are able to sustain the ongoing positive momentum, BTC will test the resistance present at $25K and $27K. However, if we witness a considerable profit booking momentum, support levels can be placed at $22K and $20K.
Bitcoin Expected MoveBitcoin Expected Move - BTC Creating Rising Wedge & This Should Be End 3rd Wave of Sub Wave A
Bitcoin BTC triangle trendlineBitcoin BTC shrinks the triangular trend line. Bitcoin has not yet broken through the downward red trend line. It is resistance in the short term. Under normal circumstances, it will fall back to the lower blue line or green line. Even if it breaks through the upper red and pink trend line later, it will step back on this line The two lines, seen below the lower green line and the blue line are the bottom.
BITCOIN IN A MOOD TO MAKE A BIG MOVE SEE THE PATTERNS Bitcoin is holding range of 23400-22400 a breakout is necessary for a big move from previous trend investors are expecting some big move in bitcoin upside direction so traders can play in a range by buying at whenever btc touches or support price.
DICLAIMER: THIS POST IS FOR EDUCATIONAL PURPOSES ONLY THIS IS NOT ANY RECOMENDATIONS TO ANYBODY FOR BUYING OR SELLING IN MARKET.
Bitcoin next move update1 or 2 ?
Lets not guess.
Lets react to the market
If guessing is the game i’l go with 1
#fingerscrossed
$BTC DAILY UPDATE$BTC #BTC $23,197 continued to resist throughout the weekend. $22,750 support testing with a wick on last 4Hly. $22,750 remains at risk, requires to gain $23,713 support to avoid fakeout and resume climb.
matic bullishcreating a base just below strong resistance ..
can be a good buy abv 1.05
and good for investing also
$BTC Daily Update$BTC #BTC Regained $22,750 breaking $23,197 resistance to test $23,713, resulted in fakeout. Currently reattempting at $23,197 resistance. $22,750 support yet to be tested.
$BTC Daily Update$BTC #BTC $22,379 support tested and held, $22,750 initial resistance. Avoided following thru bearish engulfing on lat 4H close, put bearish engulfing on 1D close. Crucial to regain $22,750 support, current support at $22,379 remains at risk.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL: 382 to 373
TARGET : 320
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 320 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns.
On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance zone placed above the 0.786 FIB level.
However, the bullish engulfing candle which led to the breakout above 0.618 FIB level suggests that Bitcoin needs to spend some time in the sustainability region to formulate potential support zones. Having another bullish momentum on the current build-up might lead to volatile profit booking momentum which might deteriorate previously gained returns.
The technical indicators including MACD and RSI are sustaining on bullish levels as RSI is in the overbought region for most of 2023. The MACD continues to form green bars on the histogram.
Overall, the resistance level for BTC will be at $23K and $25K. Whereas, if profit booking momentum comes into action, support levels can be placed at $21K and $20K.
yfi breakout possibleyfi accumulating just below the major resistance
if breaks out can give good move
morning star in btcmorning star spotted in bitcoin in monthly time frame chart on a major support its a good bullish reversal sign .. so we have a good chances of bull run here
Nifty Selling at Supply areaNifty has a trend line resistance and a higher timeframe supply nearby.
Aggressive entry will be shorting at 18200 with a stop loss of 60 points i.e., 18260
Another reason for shorting is Nifty gave an up move of almost 240 points and I'm expecting a correction at this point.
Even if it takes stop losses can try to enter the trade once it gives downside confirmation.
Short entry:18200
Stop loss: 18260
An ATM option will have approximately 15 rs per lot risk. Plan your trade according to your risk.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by a giving boost or a comment.
I will be updating it.
Xrp ripple Xrp usdt is making base just below the major resistance.. absolutely bullish if breaks above
BTC/USD - Weekly OverviewBTC had a stellar start in 2023 as it broke above the crucial psychological mark of $20K. The YTD gain is now almost 25% while the weekly gain is around 20%.
On the chart, Bitcoin broke above the 0.5 FIB level, entering the resistance zone present between 0.5 FIB level to 0.618 FIB level. The key level to watch out for is $21K and sustainability above it. If the price level can maintain sustainability above the level, we could expect more positive momentum in the near term.
On the positive side, MA-10 is trading above both MA-20 and MA-50 after a very long time and it suggests positive momentum in the short term. However, the RSI level has started to showcase negative nature which suggests that BTC can face profit-booking momentum at the current price level. But RSI level has been able to maintain sustainability in the oversold region since the start of the year.
Overall, the world’s largest digital asset has eroded the losses faced by the collapse of FTX. With the positive sentiment surrounding the overall market conditions, we can expect BTC to test the resistance levels of $22K and $24K. In case, there’s a profit booking momentum, it will have support at $20K and $18K, respectively.
PPTUSDT : Looking for Long!PPTUSD is looking for a great buying opportunity after having descending channel & double bottom expecting TG to reach at 1.3$
