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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.
COINBASE:BTCUSDShort
by TradeDog-Research
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
BINANCE:BTCUSDLong
by For3xScalper
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.
COINBASE:BTCUSDShort
by TradeDog-Research
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
by Degengambleh