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
BTC-D
BTCUSD Trading Plan - 29/Aug/2022Hello Traders,
Hope you all are doing good!!
I expect BTCUSD to go Up after finishing this correction.
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
BTC bearflag support brokenBTC was trading in a bear flag from a long time and now we see that it has broken the support and currently trading around local support of 19500-20000, we may see more fall towards last time low 17600-18000 level, if BTC holds this major support then we may see a bullish sign, or more downward movement to 14k maybe seen.
BTC/USD - Weekly OverviewThe overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario.
Moreover, after a negative breakout from the rising channel pattern during the past week, the price level has faced a steep decline and potentially formed a falling channel. Technical indicators suggest that more downfall can be expected in the upcoming days. RSI level has reached the oversold region and needs a positive bounceback. MACD levels have gone below the histogram again and faced multiple bearish crossovers.
Overall, incase of further downfall, support levels can be placed at $18K and $17K. However, if the world’s largest cryptoasset showcases some positive momentum, resistance levels can be placed at $21K and $23K.
SOLANA- Just thinking out loud.Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops.
A deep cleansing on everything is the need of the moment.
If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from.
That feels like hell, trust me. Time capitulation >> Price capitulation, and this scenario might be a combination of both.
More than 90% of the participants will leave. Even the strong believers would be flushed out.
I can go on and on, but chart>>words.
This, if it plays out, will bring a great opportunity to the faithful. The whole world is trying to shut Crypto down.
But the cat is out of the box, and we had a lot of attention this cycle.
Solana in particular, has matured quite well in such a short span.
I will be buying all the SOLANA I can below $20, If we get.
All you got to do is stay.
See you on the other side!
~ZER0