yfi breakout possibleyfi accumulating just below the major resistance
if breaks out can give good move
BTCUSDT
Btc analysis on its daily TF with supp & resisBtc as you see rejected from the fib retracement top value which is drawn in the previous chart.
BTC day trading shortall the breakout traders are sucked into the grip of lord bogdanoff now it shall bleed!! dump it
Xrp ripple Xrp usdt is making base just below the major resistance.. absolutely bullish if breaks above
Key S/R zonesKey S/R zones where highest trading activity took place
Made from VPVR taking into account key ranges
2017-2022
2021-2022
The range before Price broke down in June’22
The break down of the range after that
BTC/USD - Weekly OverviewBTC had a stellar start in 2023 as it broke above the crucial psychological mark of $20K. The YTD gain is now almost 25% while the weekly gain is around 20%.
On the chart, Bitcoin broke above the 0.5 FIB level, entering the resistance zone present between 0.5 FIB level to 0.618 FIB level. The key level to watch out for is $21K and sustainability above it. If the price level can maintain sustainability above the level, we could expect more positive momentum in the near term.
On the positive side, MA-10 is trading above both MA-20 and MA-50 after a very long time and it suggests positive momentum in the short term. However, the RSI level has started to showcase negative nature which suggests that BTC can face profit-booking momentum at the current price level. But RSI level has been able to maintain sustainability in the oversold region since the start of the year.
Overall, the world’s largest digital asset has eroded the losses faced by the collapse of FTX. With the positive sentiment surrounding the overall market conditions, we can expect BTC to test the resistance levels of $22K and $24K. In case, there’s a profit booking momentum, it will have support at $20K and $18K, respectively.
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BTC swing trading #Trade1In this challenge we'll try swing trading or you can say long term day trading, trade can take 3-10 days to complete, We'll use wider SL so to balance this thing we need to decrease leverage from 10x to 5x-7x. well this is subjective to people with different risk tolerance but to me I'm fine with Maximum 8% loss per trade, so do your own math.
BTC/USD - Weekly OverviewBitcoin started 2023 on a positive note as the price level formed a rising channel pattern on the chart. Considering moving averages, MA-10 is trading above both MA-20 and MA-50, which is again a positive sign for the world’s largest cryptocurrency.
The RSI level is also showcasing an extremely positive nature with a breakout to the overbought region. At the same time, this may also suggest that we can witness a profit-booking momentum for BTC in the near term with the level exhausted at 77.91.
Overall, BTC is yet to break above the crucial resistance levels of $18K and $20K, respectively. In case of a turn of events, it can have support at $16K and $15K, respectively.
BTC/USD - Quarterly Overview (Q4'22)The last quarter of 2022 turned out to be the most damaging one for the world’s largest cryptocurrency. As the price level was able to maintain sustainability above the crucial support level of $18K, the collapse of the centralized exchange, FTX, resulted in a bloodbath in the overall market conditions. Thereafter, BTC suffered a new 52-week low of approximately $15.5K. Since then, the price level did not climb above the psychological mark of $20K ever again. Due to the downside, the price level of $18K has become a major hurdle for Bitcoin to break above. It did test the resistance mark during December but was unable to break above.
Considering the current momentum, since the start of 2023, Bitcoin is forming a potential rising channel pattern that could retest the resistance present at the 0.382 FIB level. Until then, we can expect the world’s largest digital asset to move in a consolidating nature. Otherwise, a breakout above $18K can be a potential signal for bullish momentum in the near term. The support levels for BTC can be placed around $16K and $15K, whereas, the resistance levels can be placed at $18K and $20K, respectively.
Bitcoin Triangular TrendlineBitcoin triangle trend line, shrinking triangle trend, green support bottom line at the bottom, red resistance breakthrough line at the top, and the green-red long bar below is the most critical bottom range.
Btc analysisThis is my next bitcoin view
I am in my my trading zone right
Btc above resistance is bullish
And below supoort is bearish
BTC ANALYSIS#BTC UPDATE.
#BTC has currently trading at the red box resistance after a perfect bounce back from the yellow box support area.Since btc has the resistance level and we have bearish RSI on 4H TF ,therefore be careful with your trades as there could be rejection from the current resistance is possible until btc closes above the red box resistance area .
Bitcoin Parallel ChannelBitcoin BTC large level parallel channel, red circle top, green circle bottom.
BTC/USD - Weekly OverviewThe new year started off quite well for the world’s largest cryptocurrency as BTC was up by 1.30% in the past 24 hours. The price level had developed a temporary support zone around $16.5K through which it is looking at the potential to test the resistance zone above the 0.236 FIB level.
It must be noted that BTC has not been able to break above the 0.236 FIB level and maintain sustainability thereafter. A breakout could be a significant indicator that Bitcoin can commence the year with significant bullish momentum.
Supporting the hypothesis are RSI and MACD levels. The RSI level is showcasing positive nature on the chart while standing at 53.74. The MACD level also had a bullish crossover below the histogram with a green bar formation. If the levels are able to climb above the histogram, we could witness a significant positive momentum for Bitcoin.
Overall, the resistance levels can be placed at $17K and $18K, respectively. The support for BTC can be placed at $16K and $15K, respectively.
BTC ANALYSIS#BTC UDATE.
#BTC has perfectly bounced back from the yellow box support and is looking to test the red box resistance area again,if btc manages to close above the red box area then the pink box will be the next resistance for btc.Note that btc dump is still not over,in case btc loses the yelow box support area we will see dump again.
BTC BottomBTC Bottom is very close to this year and the people's who was talking about BTC is dead and all stuff like this. It's moves are very slow but when it disclose the same way of stock market of US then it went to go up. There are many type of weak projects going to bankrupt.
If you wont signals ??? then you know what to do ???
btc/usdtbtc has broken out of the decending channel and now
tested the demand zone .target and stoploss i9s mentioned in the chart
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.
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.
