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BTCUSD Trading Plan - 14/May/2022Hello Traders, Hope you all are doing good!! I expect BTC to go up till around 37500 level before dropping again to 20k level. Short term Buy for now. 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
BITSTAMP:BTCUSDLong
by For3xScalper
2
How Much Gain Required to go Terra (Luna) to 120$. Just See PostJust weeks ago, Luna, a cryptocurrency by Terra Blockchain, was one of the hottest coins in the game. By market valuation, it was one of the 4th most valuable cryptocurrencies. Now, its value is zero and the Reddit community where Luna owners gathered and talked has put the suicide prevention help number in the pinned post on the community page. In the last two weeks, Luna has seen its value fall to zero. Essentially, all those who hold Luna now hold a cryptocurrency that isn’t worth a dime. For Terra, just Luna has crashed, but also TerraUSD, which is supposed to be tagged with US Dollar at 1:1 rate. Traded at a rate of USD 1 until May 9, the TerraUSD is now worth less than 20 cents, showing that in real-world a cryptocurrency, irrespective of the idea behind it, has no tangible value and an institutional mechanism that can guarantee whatever value it holds. Luna has now been delisted from major crypto exchanges, including WazirX and CoinDCX. “We will enable Binance free transfer for users to withdraw their Luna funds,” WazirX said in a note. But Luna and TerraUSD aren’t the only cryptocurrencies that have seen their value plummet in the last week. While that is the extreme case — with Luna losing all its value and turning to dust — almost all cryptocurrencies are in a free fall. Bitcoin, which was once selling above $50,000, is now at a price of around $28,000 and falling. The same is with Ethereum, which has also seen its value plummet by some 20 odd per cents in the last 10 days. Experts estimate that around $800 billion of wealth has been wiped from the cryptocurrency market as many have tried to sell whatever crypto coins they hold. The result is that the cryptocurrency communities on Reddit and around the world are in utter chaos right now. While many want to get out of the crypto scene, some are still believers in “HODL.”
by ChartCaptain_
BTC/USD - Weekly OverviewThe bears continued their wrath on BTC and the overall market conditions during the past week. Bitcoin fell below the crucial support levels of $37K and $34K in no time during the past week, reflecting extreme bearish sentiment. The price level has again formed a falling channel pattern after facing strong resistance at the 0.5FIB level. A negative breakout below the 0.236FIB level suggests some caution for investors as the potential for further downside is opened. The directional movement index reflects the solid selling sentiment faced by the world’s largest cryptocurrency. The ADX (average) and -DI (selling pressure) move hands together, residing at 30.78 and 29.32, respectively. On the downside, the levels to watch out for will be $32K and $28K. In the opposite case, if the bulls come back, resistance can be placed at $38K and $40K, respectively.
Short
by TradeDog-Research
Bitcoin likely to go parabolic Hi traders, this is my bullish bias on BTC, If you watch Weekly TF you might notice that 34.4k was the last imbalance left with an Untested Order Block which was finally mitigated giving an end to the Bearish cycle (This is my personal view & not an investment advice) .. DYOR.. On 4h, now 35.6k is an untested zone and might become an accumulation zone soon for big players, better is to watch & see Bitcoin reaction off it 7 later buy on the retest. An Order block is effective only if you see reaction happening off it or it's just nothing, So be patient & hodl. "Big Money is made sitting, not trading!"
Long
by UnknownUnicorn21160479
BTC/JPY - weekly Analytics + Altcoins 04.05.2022In bitcoin , as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 5202599, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at pessimistic levels, this indirectly suggests potential lows, but confirmation of this idea needs to be monitored on the facts. Altcoins: TRX in our view still looks attractive for buying, yes, there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 04.05.2022In bitcoin , as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 40 .750, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at pessimistic levels, this indirectly suggests potential lows, but confirmation of this idea needs to be monitored on the facts. Altcoins: TRX in our view still looks attractive for buying, yes, there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
by Yosu_Fund
BTC/USD - Weekly OverviewThe past week continued to face the wrath of bears as Bitcoin traded within the falling channel pattern formed on the chart. The current level is looking at the potential to form a fourth lower high within the downtrend. However, a positive breakout above the 0.382FIB level can be a momentum breaker and bring back positive sentiment for the world’s largest cryptocurrency. On the Fibonacci retracement table, the weekly fall started at 0.618FIB level, took a breather at 0.382FIB level but currently looking vulnerable to test the crucial support at 0.236IFB level. The MACD is moving well below the histogram. However, a bullish crossover has just formulated on the chart which hints at a potential bounceback.
by TradeDog-Research