$BTC | 1H: Today PlanCRYPTOCAP:BTC HTF has turned bullish and expect a sideways movement until the CPI data is released. We look for either of those 2 trigger for the next trade. However, it is important to remember to always DYOR and analyze the market before entering any trades. GL!
Previous day:
VAH: $29788
POC: $29179
VAL : $29136
Date: 9 August 2023
Btcusdanalysis
C98/USDT - Potential Correction within a Bearish Context ?Currently, the C98/USDT pair is displaying some intriguing dynamics that warrant attention.
Resistance Area - 0.1962 to 0.2000:
The price of C98/USDT has been contending with a notable resistance zone, ranging from 0.1962 to 0.2000. This area has historically proven to be a pivotal juncture, where the bulls and bears engage in a battle for control.
Traders and investors should closely monitor price movements in this range, as a breakout above it could signal a potential uptrend, while a failure to breach it might indicate prolonged consolidation or even a reversal.
Anticipated Correction - 0.1635 to 0.1600:
With the price currently hovering near resistance, a retracement to the support zone of 0.1635 to 0.1600 seems plausible.
Such corrections are not uncommon after prolonged bullish moves, as they offer an opportunity for the market to recalibrate and regain momentum.
**Bearish Inside Bar Formation - 9-Hour Timeframe:**
Delving into the finer details, the 9-hour timeframe reveals a noteworthy development - the emergence of a bearish inside bar pattern. This pattern forms when the high and low of the current candle fall within the high and low of the previous candle.
In conclusion, the C98/USDT pair is at a critical juncture, with the resistance area of 0.1962 to 0.2000 acting as a focal point. A correction towards the support zone of 0.1635 to 0.1600 could provide an opportunity for traders to enter or add to their positions. The emergence of a bearish inside bar pattern on the 9-hour timeframe adds another layer of caution, urging traders to exercise prudence.
It's advisable to stay updated and keep an eye on the evolving price action to make well-informed trading decisions.
DODO Long Idea DODO broke out of downtrend retested Successfully and the current Market Funding is very highly negative it already nuked once to take the overleveraged longs now going to grab the liquidity on the upside
Potential Targets are marked with the resistance on the chart.
BTC/USDT: Anticipating a Correction from Key Resistance Zone?In this BTC/USDT technical analysis, we analyze the current price action and market trends to identify potential trading opportunities. The analysis suggests that BTC/USDT might experience a corrective phase from a significant resistance zone.
Analysis :-
BTC/USDT is currently facing a crucial resistance zone in the range of 30200 to 30400.
Historical price data indicates that this area has acted as a Point of Interest (POI) in the past, causing price reversals. Consequently, there is a likelihood that BTC/USDT could experience a bearish pullback from this critical level.
Considering the prevailing market conditions, we anticipate a corrective move in the BTC/USDT pair. Our analysis points to potential support levels at 29000 and 27500.
Traders should closely monitor price action around these areas as they might present buying opportunities if BTC/USDT respects these support levels.
Examining the micro and macro trend:-
The micro-trend, based on short-term price movements, is currently bearish, indicating the potential for a downside correction.
However, the macro trend, considering the broader market perspective, remains bullish, suggesting that the long-term bullish sentiment is still intact.
In conclusion, our BTC/USDT technical analysis indicates that the cryptocurrency pair is likely to encounter resistance in the 30200-30400 range, potentially leading to a corrective phase.
We expect the price to correct towards support levels at 29000 and 27500. Traders should exercise caution and closely monitor price action at these levels for potential buying opportunities.
Remember to stay informed, manage risks wisely, and trade responsibly. Happy trading!
BTC in Bearish Parallel Chanel PatternBITCOIN 4-hr Chart Analysis
CRYPTOCAP:BTC at present moving as per Descending Channel's in Parallel Pattern with more Bearish mode, and soon be ready to break out Last Lower-High strong support of $28,300 to moving towards FWB:27K to next step of Lower-Low trends in Bitcoin Market.
This time, very big chances to break down approx. 7% to 10% soon.
Let's wait, what's the next move of market but as per my opinion, soon it will be in bearish zone.
anyway, always #DYOR and Trade wisely by using #StopLoss, It's just #NFA
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BITCOIN - Halving'20 to Halving'24 Price Projection#BITCOIN Weekly Chart Analysis
Here in this chart, I calculate CRYPTOCAP:BTC value at previous Halving time with their Last Lower-Low Cut-off Mark was $3.9k on March 2020 while Last Halving on 11 May 2020 with BTC Value on that day was $9.8k and First #ATH was created after Halving around in 11 months with $63.5k Mark Value.
Now same as per previous patterns, if i will follow it-
The upcoming Last Lower-Low is around $21.5k to $18.5k around Sept-Oct. and around Halving time of 11 April to 11 May 2024 its Value reach approx. $45k-50k and Next #AllTimeHigh will be create around Feb-March 2025 approx. $120k-$150k and then a Break-down comes and the final #ATH will be create around Nov.2025 to Jan. 2026 with min. $180k to $220k and max. $240k-$280k approx. as per Previously created Parabolic Chart View of Bitcoin Price Projections.
Always #DYOR and Trade wisely by using #StopLoss, it's #NFA
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BTCUSD 30 July Target 100% Perfect🤑🤑#We Make Only Profit.
Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC.
#BTCUSD #XRPUSD
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
Bitcoin Will Breakout $29k SoonBITCOIN 2 hr. Chart Analysis
As per present movements of CRYPTOCAP:BTC under $31.5k to $29.5k from 14 July, it will be major chances to break out this pattern into another lower barrier of FWB:29K soon and goes towards $28k up to 25-29 July as per previously given dates by myself too for another Downtrend cycle of BTC range of FWB:27K to $25k.
CRYPTOCAP:BTC also following the pattern of Bearish Parallel Channel Pattern, that's why it will be major chances to break out of this pattern, either into 25-27 July or up to 27-29 July.
Lets see, what's the next movement, and how much it goes deep in bearish mode, but market scenario and public sentiments will be again very much under Bearish mode.
Always #DYOR and Trade wisely by using #StopLoss, It's #NFA
Also,
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BITCOIN breaks below $30k at 4-timesAs per 15-min to 1 hr. chart trending's..
#BITCOIN breaks 4-times below the $30k mark now in 24 hrs. and it's the most bearish signal for next below break-out target towards FWB:29K soon....
Just be pre-pare...
Whalers are Ready to manipulate market again...
Trade wisely by using #StopLoss and always #DYOR
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BITCOIN - Rectangle Parallel PatternBITCOIN 4-hr. Chart Analysis
After 21st June, #Bullish Pump from $24.7k to FWB:31K , it is moving properly from $29.8k to $30.8k in Rectangular parallel Channel from last 20 plus days and it indicates the #Bullish signal for CRYPTOCAP:BTC to next move in Upwards towards $33.5k soon up to 17-22 July and from 25-27 July it will be again in Reversal from that point towards FWB:27K last time and moves bitcoin in sideways into August.
Always #DYOR & Trade wisely by using #StopLoss
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BITCOIN - Bearish Pennant PatternBITCOIN 1-hr. Chart Analysis
As per yesterday Downtrend of CRYPTOCAP:BTC , it was moving at present into Bearish Pennant Pattern, that's the indications of pattern breakout within 12-18 hrs. and market goes into bearish zone, and it will reach around $30k first and then upto next 24 hrs it will be goes bearish towards $29.5k with complete #Altcoins market goes under july #BearishZone cycle.
Into previously many charts i show that, Bitcoin downtrend cycle of Bearish Zone starts from 7-9 July to 22-25 July.
Always #DYOR & Trade Wisely by using #StopLoss
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BITCOIN - Cup n Handle PatternsBITCOIN 4 hr. Chart Analysis
This Bitcoin Analysis based on previous 1-year cycles of DOWN-UP performing pattern of CUP n HANDLE. So, first one CUP was in DOWN side that indicates HANDLE at Uptrend Pattern, while second one is in Reversal mode of CUP indicates into UPPER mode n HANDLE that will be shown the indications of soon Downtrend into coming days.
As per Pattern, the Ratio of CUP n HANDLE pattern growth up to 1/2 to 1/3 ratio of cut-off marks, it shows that soon CRYPTOCAP:BTC will be into Downtrend cycle of minimum $28-26k while maximum up to $24.8k to $22.5k approx.
Always #DYOR and Trade wisely by using of #StopLoss
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BITCOIN at Descending Broadening WedgeBITCOIN 4 hr. Chart Analysis
As per present CRYPTOCAP:BTC movements in Descending Broadening Wedge Pattern, that starts from last high of CRYPTOCAP:BTC on 22 June at $31.25k, its finishing point is around 12-15 July and it will be the last time next ATH of approx. $32.8k to $33.3k and get reversal very fast towards FWB:29K -$30k, before $33.5k mark that is another strong resistance & Support of previous timings.
Also, as per FIB extension move, it will be rejects once in July to for Bearish Zone and up to august Bitcoin goes in Sideways, while Altcoins will be start to performing well this time.
Always #DYOR and Trade Wisely with #StopLoss
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BTCUSDT SHORT 15 MIN ENTRY @3025
SL @30353
TGT@30010, 29800, 29540 +
After a SL in long entry previously I have taken a short position as per my setup post retest and a breakdown of support. There is also a bearish crossover and it is below 0 level so let us see if this takes a SL or target. There is no shame in taking SL for me as I know my setup gives me a 1:5+ ratio in trades so I do not mind taking SL 5-10 times straight. I tried taking trades on 5 min they work on BTC but now as 15 min or 1 hour. So from next time I will try to trade only on 15 min min frame ignoring shorter frame of 5 or less in Bitcoin.
BITCOIN 15min. Chart at Pennant PatternBITCOIN 15 min. Chart Analysis
As per scenario, BTC movement of Yesterday & Today running under Pennant Pattern into 15 minute chart which is max. valid for 24-72 hrs. at previous Pennant it moves perfectly and as per second Pennant , if it will be moves accurate than, major chances it will reverse from $31.85k around and starts their Downtrend cycle very fast in DUMP situation.
While, as per FIB extension pattern, if it will be reverse around $32k, its Lower-Low last cut-off is $27.5k to $26.5k
Always #DYOR and Trade wisely by using #StopLoss at this situations.
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