$BTC Daily Update$BTC $19,535 support currently being tested, 1D close with bullish engulfing but requires to follow up on it today. Needs $19,894 support to test $20,338. Continue watching given S/R areas.
Crypto
PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022
In a daily time frame price has formed a inside candle.
If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels)
So until it crosses that low its better not to carry any short positions in nifty.
Observe the price action structure here
1)There is a recent lower high formation (17050 levels)
2)There is a recent Low (16750 levels)
For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign
Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL).
or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly
*** If Price breaks 16750 better to exit all long positions.
I hope this analysis will help you.
If you agree with my analysis you can comment on this post by yes or give a boost
Thank you. And happy trading.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
$BTC Daily Update$BTC Holding $19,327 support, $19,535 continues to resist. $19,003 tested and held yesterday. Last 1D close looks bullish, it's to see if it'll remain bullish as the weekend approach. Continue watching given S/R areas.
$BTC Daily Update$BTC Failed to hold $19,894, rejected from $20,338. Attempt to regain $19,894 failed badly. $18,529 support came in effect at lows, $18,759-$18,529 support for now. Follow up to bullish engulfing failed on 1D, turning into very bearish pin bar.
$BTC Daily Update$BTC Started Tuesday with a strong dose of coffee☕️! Broke $19,327 and tested $20,338 which is currently resisting. $19,894 support in effect. Needs to claim $20,338 support. Current 1D trying to follow up on Monday's bullish engulfing close on 1D. Needs to hold $19,894
$BTC Daily update$BTC $18,529 support in effect, $18,261-$19,535 range maintained during the weekend. 1W close as a follow up to bearish engulfing on last close. As of now risk at $18,261 support, continue watching support. Initial resistance at $19,327.
Crypto - Weekly chart at SupportCrypto Weekly basis at support
RSI slightly positive...
Date: 23-09-2022
BTC bounces from 18k for the 5th timeBTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately.
With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now.
I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must.
IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.
$BTC Daily Update$BTC $18,529 support in effect, $18,759 resistance in effect. Last 1d close bearish as expected in follow up of bearish engulfing from Sep 20 on 1D chart. Very good attempt at $19,894 which resulted in fakeout. Continue watching $18,261-$17,999 support.
$BTC Daily Update$BTC Last 1D close with bearish engulfing, $18,759 support in effect, Continue watching $18,529-$18,261 support. $19,327 initial resistance from here.
$BTC Daily Update$BTC $19,327 support being tested, attempt to gain $19,535 support failed, 1D close very bullish turned down bearish engulfing follow up on 1D chart. Requires to gain $19,894 support to test $20,338 resistance
$BTC Daily Update$BTC Broke $19,327 support dropping towards $18,746-$18,529 support area. Bearish engulfing on daily close with current daily candle looking to follow up. Friday's Bullish pin on 1D gave it a good push to test $20,338 but failed to break out of given moving range. 1W close with bearish engulfing, $17,592 support at risk! #Bitcoin
$BTC Daily Update$BTC Weekend sideways with $19,327 support tested yesterday. $19,894 resisting as of now with an attempt to gain support here. Last 4h close looking bearish, last 1D close looks good. $19,894-$19,327 moving range as of now
$BTC Daily Update$BTC $19,894 resistance in effect, $19,535 support as expected come in effect making $19,535-$20,338 range effective. Last 1D close bearish, Continue watching given support and resistance areas.
$BTC Daily Update$BTC $20,338 resistance in effect, failed to gain it as support yesterday. $19,894 support remains in effect, 1D close looks good, no follow up to the bearish engulfing from the day before. $19,535-$20,338 expected range for short term
$BTC Daily update$BTC What a dump! $19,894 support came in effect at the bottom, Struggling to gain $20,338 support. $19,894 should hold considering last 4h close unless bearish engulfing from 1D close get a follow through today. Watch $19,535-$19,003 support areas
$BTC Daily Update$BTC $22,379 resistance remains in effect, $21,791 as support, 1D close turned bull. Continue watching $21,791-$21,299 support areas, Next resistance from here $22,750.
$BTC Daily Update$BTC $21,791 still resisting, $21,299 support gained good. 1 fakeout from $21,791 rejected at $22,379. Support could be tested considering bearish close of last 4H. Last 1D close bullish, watch today's close as it's not looking good as of now. 1W looking bullish.
HBAR | Hedera Hashgraph gonna Blast !The price of HBAR is in a primary trendline support! Big Whales are accumulating HBAR. Soon the price will skyrocket.
$BTC Daily Update$BTC Literally climbed given steps😂😂😂, Currently going for $21,791 current and last 1H with some strength here, Bullish engulfing could close on current 4Hrly, 1D close was crazy bullish yesterday. $21,791 crucial resistance to watch as weekly close approaches.
$BTC Daily Update$BTC $18,529 support holding as expected, bounced back towards $19,535 which remains as resistance. $19,003 support in effect, currently trying to gain $19,327 support. Continue watching given S/R areas.
crypto winter is a channel...BTClook at btc on the monthly chart:
winter is not horizontally oriented
there is an uptrend
idea: winter is the boring time for crypto when everyone is talking about how it's going to die etc etc
the buy point is in the lower blue channel. low risk, high reward.
$BTC Daily Update$BTC hahahah😂😂😂 Gave you $18,529 support more than a week ago, last warned about the upcoming $19,003 test on Sep 05. $19,003 support tested and broke yesterday. $18,529 support in effect, Last 4H close with bullish pin could hold current support for a while. Yesterday was a follow through of bearish engulfing close from Sep 05 on 1D chart. Next support at $17,999.
