BTC
BTC/USD - Weekly OverviewThe bearish sentiment has again caught up with the overall market conditions from the past week. On the weekly basis, the price level has fallen by -1.27% while the monthly loss has amounted to -7.57% at the time of recording.
On the Fibonacci retracement table, BTC faced formidable resistance at the 0.382FIB level which is placed at $47413.42, and faced a significant downfall thereafter. The price level did make an attempt to achieve sustainability above the 0.236FIB level ($42580.58) but the selling pressure enforced further downfall.
On the moving averages, EMA-20 (41721.80) had faced a negative crossover against EMA-50 (42152.42) which is a bearish signal. The price level is also trading below all the significant EMAs reflecting the existing selling sentiment among investors.
Currently, the price level is falling towards the critical support level of $37K wherein we could expect consolidation for halting the bears’ wrath. Further downfall below the mentioned level could bring another crucial support of $34K into the play.
BTCUSD CUP&HANDLE PATTER !Cup&handle pattern formation on BTC on a 30min timeframe ! Target should be around 39180$ !
🚫Disclaimer:
🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of BTC crash ! This chart is invalid !
Thank you!!!
😊😊😊
BTC/JPY - weekly Analytics + Altcoins 11.04.2022Due to the formation of a false breakdown from the level of 5419234 , chances for further quotes decrease are growing. Only a return beyond that level will provide an opportunity for growth for both the entire crypto market and for bitcoin in particular. At the moment, the scenario with the breakdown of the local bottom around 3752582 is quite likely.
Altcoins:
In our opinion, TRX still looks attractive for buying. Yes, there is a possibility of local decrease, but it should not affect the global growing trend.
BTC/USD - weekly Analytics + Altcoins 11.04.2022Due to the formation of a false breakdown from the level of 45.400, chances for further quotes decrease are growing. Only a return beyond that level will provide an opportunity for growth for both the entire crypto market and for bitcoin in particular. At the moment, the scenario with the breakdown of the local bottom around $33,000 is quite likely.
Altcoins:
In our opinion, TRX still looks attractive for buying. Yes, there is a possibility of local decrease, but it should not affect the global growing trend.
JASMY may boom once againCOIN NAME: JASMY
PAIR-USDT
EXCHANGE : ANY
STRENGTH:
It is At Demand Zone
Strong Fundamentals
Good Mark Cap
Buy: 0.0240 to 0.0260
T1- 0.0352
T2- 0.0450
T3- 0.0545
T4- 0.0636
SL - 0.0230 or HOLD
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. Keep SL if you don't want to hold but not required for the Spot trading if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and my view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, Do you need any coin analysis then message me, and I will do it for you.
Bitcoin - Smart Money Level To Pay Attention!Note how BTC failed to close any candles above the yellow line (smart money level) and the price was rejected at exactly the “double resistance” I pointed out earlier. Given the importance of this resistance, a breakout on the first try would be very unlikely, especially coming from a 38% rally in just over a month. A breakout on first try is usually rare and almost always ends up as a bull trap in the pullback in a context like this, then in this case we can consider the second attempt as the first one with chances of breakout and despite being quite bullish in the medium and long-term, I would recommend a buy only with the breakout + confirmation pullback above the yellow line. Regardless of the scenario, you should never buy on a resistance or sell on a support.
what just happened in market btc broke the main support now we will have to see a bounce back from below supports where we also have our trendline support
the btc can bounce from here or else it go down to lower areas marked in red
be safe hope you had placed sl we expected such bad moment in btc but it was quick
no worries stay away from market dont open new position until we see a good volume pump in lower areas
Falling market could be apportunitywait for confirmation at important level atleast in 4hr and 1D timefram, take trade accordingly. Provided that, also go through long short ratio, cuz Whales always tries to liquidate retailers by taking opposite trade,
... suggest commodity/crypto for analysis, in comment
what now?btc breakout downwards from symmetrical triangle changing the whole market sentiments
there are two possibilities now if that occurs we can again see btc in green if not btc can go down to lower supports
considering the market cap it is near its last support if it bounce back the market will green back
btc dominance is falling hence some random alt are pumping example (GMT)
but with current news where terra bought more btc
we would expect a pump since there knowledge would be high ofcrs than from us they would have expected this is only dip
so why not we too accumulate
can place a long position at 44400 nice support (enter with tight trailing Sl)
happy trading bye!
MDX Looks good to pumpCOIN NAME: MDX
PAIR-USDT
EXCHANGE : ANY
Buy: 0.2336to 0.22450
T1- 0.2808
T2- 0.3055
T3- 0.3482
SL- 0.2030
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC . SL must be required for this MDX coin.
Note: I'm not a financial advisor. This analysis is for an Idea and a view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, Do you need any coin analysis then message me, I will do it for you.