BTC ANALYSIS#BTC UPDATE.
#BTC is now trading above the daily support after closing below the green box support area.The move not complete yet and btc might again test or close below the the green box support area and if btrc close below to the green box area we might see huge dump but for that move we have to wait fior the daily close.
Btcusdshort
BTC ANALYSIS#BTC is currently trading at the very bottom of the huge support level that is the purple box area and break below and close below this level could be huge for btc and the alts.Expecting huge swing moves below and on the current support level.Be careful with alts trades in btc and alts as well.
Dash Short Setup Once Dash hits the resistance and gets rejected I'll look for a short entry at least till 38$ rest depends on BTC let's hope for the best
TP 1 = 39$
TP 2 = 38$
TP 3 = 36.8$
BTC UPDATE #BTC UPDATE.
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box area only on confirmation.
BTCUSD BEARISH IDEA D1The daily TM analysis, my next target for this dumb is 12k, unless FED continue to pivot, and you should note with the falling trendline resistance which the break above could change the game to bullish run.
BTCUSD SHORT IDEAI wanted you to watch over the price levels of 15984, 138161, 12461, 10340 they are main keys of my weekly timeframe structures.
BTC Demand and Supply For 12th November 2022
I am bearish overall in BTC but small buy trades can be initiated from marked demand zones. Below supply zone an extreme selling is expected.
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin .
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 20857.00
⭕️SL @ 21135.00
🔵TP1 @ 20265.00
🔵TP2 @ 19732.00
🔵TP3 @ 18992.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
M or Possible Double top formation - BTC BINANCE:BTCPERP looks weak ... it could have formed possible Double top or you can say M pattern. All the levels and target are mentioned in the chart.
Note : For Education purpose only.
BTC Trade IdeaBTC NEXT Projection as per technical analysis
BTC is in range bound from many days and it will continue as per technical and no fundamentals updates yet so its good to Short BTC
BTC is still in bearish structure BTC is still in bearish structure on 1H, on daily it is in the range between 20117 to 18125 and showing bullish signals in weekly, so we can expect a lil down movement to below till 18125
NEW BTC BEARISH FORECASTBTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date.
I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks.
Bearish descending triangle, descending resistance weekly and daily, testing major horizontal support since July, head and shoulders pattern, FED hawkish expectations 21st September.
What to do now?🤔
Wait for the candle closure below the neckline boundary, then our target will be 12k straight.
If you're still willing to buy BTC😄
Wait for the break above falling resistance, after retest then you go long for the target of 22653(previous shoulder), the shoulder is our current residence D1 and if the 22653 didn't hold lower your next target 25194 (unlikely).
BTC Will Soon Decide A Strong Long or Short Trade
Long Term Investors or Positional traders need to better wait for trade it in either of side , then entry can be planned.
BTC Short ideaBTC broke down from the channnel and completed bearish retest. OBV looks rekt. Expect a big down ward move.
Let's not be Bullish for BTC - SHORT
BTC is starting to go bearish from very first week of ne.X.t month or anytime soon.
Don't Panic II It's just the R.ecession 2022.
Hope you clear all your positions & be .P.atient.
Once we break $10K, #BTC is confirmed to stay bearish for 10-15 Years even after the recession ends.
I'll not recommend to buy #BTC at dips not even at $1000
Even if #BTC goes up after recession it will be just dead cat bounce so if u buy #btc don't HODL
If u want to make short term profits than it's fine, but I'll still not recommend to do that.
What 1-hour chart says?
Fundamental Development:-
Solana-hacked crypto could be claimed as a tax loss: Experts
or unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph.
Following the news that more than 8,000 Solana wallets had been compromised and that an estimated $8 million dollars in crypto had been stolen due to a security breach in Web3 wallet provider Slope’s network, this may be some much-needed consolation.
When asked whether there are similar provisions in other tax jurisdictions other than Australia, the country in which the tax software provider is based, Brunette, replied:
“Many countries have a provision to allow for these types of tax deductions however, you should work closely with a local tax professional and make sure you keep adequate proof of the loss.”
Danny Talwar, Head of Tax at Koinly confirmed the same with Cointelegraph, stressing however that in Australia, one must demonstrate evidence that the crypto lost was under their control at the time it was stolen.
Short Term Technical View: On daily period, BTC is trading below 200 simple moving averages and trading below previous day high. Yesterday BTC made High 22,370 and decline and took support from 22400 levels. Yesterday it made low near $22,360.Bitcoin is struggling to gain momentum above $23,370.
Alternative Scenario: If Bitcoin fails to clear the $23,370 resistance zone, it could start another decline. An immediate support on the downside is near the $22,500 level.
Hourly MACD – The MACD is now gaining pace in the bullish zone.
What 1-hour chart says?
Fundamental Development:-
Bitcoin rallies after Fed interest rate hike, but bears can still win Friday’s $1.76B options expiry
(BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding to this bearish price action, BTC is down 50% year-to-date, while U.S. listed tech stocks, as measured by the Nasdaq-100 index, accumulated a 24% loss.
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Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading within a range $24,200-$23,600.Yesterday BTC is made High 24,200 and now consolidating within a range. Yesterday it made low near $22,580 and then it continue to climb up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $24,300.
Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $23,400 level.
What 1-hour chart says? Fundamental Development:-
Is Bitcoin Heading Towards $25,000?
The unusual rebound of Bitcoin (BTC) over 30% from its June lows makes analysts think that the bear market that has hit the cryptocurrency in recent months could be ending soon.The signs of a further approach towards $25,000 is due to the fact that BTC prices have hit the so-called upper Bollinger Band, says Bloomberg. This occurs after a period in which volatility was compressed, which is often interpreted as “a precursor to a sustained directional move,” the publication states.Something similar happened in June when a period of low volatility was observed, which then caused Bitcoin to slide, just after marking the lower band. On Friday, July 22, BTC rebounded again after a decline the previous day.Resisting Tesla’s Sell-OffThe cryptocurrency’s drop on Thursday came after Tesla (NASDAQ:TSLA) announced a Bitcoin sell-off. Elon Musk’s car company sold 75% of its cryptocurrency holdings.Despite the losses, Bitcoin was able to resist and recover by passing the $23,000 barrier. However, it has yet to reach the high of $24,200 it made for the week.“BTC needs to Weekly Candle Close above $22,800 to successfully confirm a reclaim of the 200-week MA as support,” trader and analyst Rekt Capital wrote on Twitter (NYSE:TWTR) this week. Fellow crypto market analyst Jibon said it was more important to see whether the cryptocurrency will close the week at the low of $22,400, as it looks like it will..
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $21700 -$21800 ranges. BTC made low 21700 and now consolidating within a range. Yesterday it made high near $22900 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,000.
Alternative Scenario: If Bitcoin fails to clear the $23,000 resistance zone, it could start another decline. An immediate support on the downside is near the $21,200 level.
$BTC Daily Update$BTC Warned you about $21,791 support retest coming on last Saturday, first tested on Saturday evening and currently being retested right now, Last 4H and 1D close both bearish, possibility of $20,812 support to be tested if broke $21,791 and $21,299, watch given supports.
I am bearish about BTCHere in this chart I used fibonacci tool to find a good entry, also I am keeping mind the green line (1 hour 20 ma) as a good entry point. if btc break downs the red line, the next support will be the white lines below.
$BTC Daily upate$BTC Told you $23,713 resistance held as expected, $22,379 also holding, another attempt at $22,379 support looks possible. 1D close with bearish pin bar yesterday, expect $21,791 support to be tested.
Wish you a very happy and a blessed weekend♥️
