The price is bouncing from this level (white line) chances are this could bounce this time too, but risk management is mandatory
Fundamental Development:- Crypto Biz: Elon Musk: The ultimate crypto tourist Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his...
Fundamental Development:- Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had...
$BTC YES!!! $22,750 broke with good strength, currently retesting $23,713, last 4H close very bullish and daily close also good. Next resistance will be $24,129. Potential to break $23,713, continue watching given support and resistance areas.
Hello Traders, After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs. its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first...
$BTC WOW $21,299 being retested right now, last fakeout resisted at $21,791. $20,812 support in effect as usual, last 4H close bullish. Today's 1D close will put bullish engulfing if closed above $21,200. 1W close with bullish pin bar, if played out $22,750 will be tested
$BTC Warned you about the $19,003 test😎, bounced right back up towards $20,338 resistance area and currently at it trying to break. $19,894 current support which could be tested now as last 4H looks bearish. 1D close of with bullish engulfing, will test $20,812 resistance👀
Buy at Live Price $19790 Target $21090 (6.63% profit) Stop Loss $19430 (2% loss)
$BTC $19,894 support tested as expected😎😂😂, Last 4H close looking bullish could move sideways above $19,894 towards $20,338 resistance. 1D close of yesterday was follow thru of the bearish engulfing from the last weekend. Continue watching given S/R areas.
Structure = Adam and Eve RSI= Ascending and well supported Directional Index- Positive Sellers Exhausting - Sell pressure reducing Confirmation- MA50 to cross MA200 for confirmation , once that confluence been developed we should see price movement towards 25k
Historical analysis shows that , as and when we double top with low volume we fall bad See Iteration 1 and 2 we doubled top and fall bad This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier Probably what I am looking at is 1- To remain bullish BTC has to break all the fuss with another volume...
$BTC $20,812 resistance remains strong with current support at $20,338, last 1D close with bullish engulfing if played out we could see $20,812 being tested with good strength today.
BTC is looks kinda bullish, Pick up some bags at our buying zone and aim for TP1 and if our luck favours we might hit TP2
$BTC Testing $20,338 resistance area, last 4h close with bearish pin bar, current support at $19,894. Needs to close today's daily above $20,338 to avoid bearish pin on daily.
So our buying zone is still that same zone, btc can go up from that zone
BTC is holding above this support right now market is pretty unstable, trade carefully, hitting stoploss is most probable case so trade accordingly, We have 2 TP in this case so use those according to your risks DYOR
in 4hrs time frame we can see a Adam – Eve pattern so we can expect a retest and crash again
BTC long entry zone, Use stoploss mandatory take entry carefully, market is unstable