BTC-D
💡Don't miss the great buy opportunity in BTCUSD @BitcoinMidterm forecast:
While the price is above the support 17600.00, beginning of uptrend is expected.
We make sure when the resistance at 26700.00 breaks.
If the support at 17600.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 18510.75 on 09/07/2022, so more gains to resistance(s) 21919.49, 23500.00, 25211.30 and maximum to Major Resistance (26700.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 54.
Take Profits:
21919.49
23500.00
25211.30
26700.00
31765.00
37327.72
42500.00
48189.85
55590.00
64755.00
69000.00
75000.00
80000.00
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Bitcoin (BTC/USDT) Short Position!Hello Cryptonauts,
In the BTC/USDT pair we have the formation of a descending triangle (a continuation pattern). Added to that, we have a bearish flag. Using the flagpole size we can target our short position at ~18541.
The price failed to breakout the smart money level (dashed line), which corroborates our short position. However, we have support at ~19501 so we can start a trailing take profit from the support level if it doesn't break down.
Our stop-loss will be at ~20115 above the pivot level (~20038).
BITCOIN NEW RANGEBTC seems trading in very narrow range since last few days so that I am able to identified resistance and support on daily chart it can help out to decide the direction of trade we can take in it, so if buy resistance we can go for long and if will break support so we can go for short this is simply based on price action and demand and supply zones easy understood chart.
$BTC Daily Update$BTC hahahah😂😂😂 Gave you $18,529 support more than a week ago, last warned about the upcoming $19,003 test on Sep 05. $19,003 support tested and broke yesterday. $18,529 support in effect, Last 4H close with bullish pin could hold current support for a while. Yesterday was a follow through of bearish engulfing close from Sep 05 on 1D chart. Next support at $17,999.
BTC/USD - Weekly OverviewThe month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K.
Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that BTC is struggling at the lowest level of Fibnonnaci retracement table.
Technical indicators including RSI are also replicating similar sentiment as it had failed to break above 50 since mid of the past month.
During the previous week, MA-50 faced a sharp negative breakout against MA-100 which suggests that further correction can occur.
Overall, Bitcoin needs to sustain crucial support levels including $19K and $17K. If there’s a quick of sentiment in the market conditions, resistance levels can be placed at $21K and $23K.
matic range breakout on 1 hour TFMatic was facing resistance around 0.85-87 for a while, and a breakout has been done above this , also in lower timeframes retest is successful, hence we can see a upside move towards the next resistance around 0.95-99 , there is a small resistance around 0.91 but it seems to be broken in coming days.
Enter now for the above target with a safe stop loss of 0.83
Disclaimer : This is just my views and analysis and none of it is financial advice