BTC/USD - Weekly OverviewThe past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls
However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum alongside. On the moving averages. MA-20 is providing strong support while residing at around $23.9K. Any breakdown below it can result in bears coming back into the scenario
The RSI level is also maintaining strong sustainability above 50 but is being regularly tested. For further emphasis, we have used DMI which reflects upon the prevailing sentiment. A positive crossover of ADX against +DI is witnessed on the chart which suggests -DI has some room to increase the negative sentiment.
Overall, BTC is currently being traded at a critical level wherein it needs to find sustainability and positive sentiment to carry forward the bullish momentum built over the past month. The resistance levels can be placed at $25K and $27K. Whereas, support levels can be placed around $23K and $21K.
Crypto
JUST WAITING FOR IT TO BREAK ( ETH is all ready to bleed)from a long time I was waiting for a good entry in Ethereum
now I think we are close to good some really good short positions
the moment it breaks the trend line we will get more assurance regarding the same
I think it has a long way to go down so can get some really good profits
WAITING FOR IT TO CREATE A NEW LOW
THANK YOU
BINANCE:ETHUSDT
NIFTY FOR UPCOMING WEEK 16 AUG TO 19 AUG 22.Hello everyone this chart technically measured and filtered by team INFINITYIV..
WHERE CAPITAL ON RISK, CHART SHOULD BE MORE ACCURATE, RELIABLE AND EASILY ACCESSIBLE.
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TO CHECK OUR ACCURACY MATCH LEVEL AFTER EXPIRY OR GO THROUGH WITH REST UPLOADED CHART.
LEVELS FOR WEEK:-
RESISTANCE*:-
⬆️17795
⬆️18090
⬆️18615
SUPPORTS*:-
⬇️17644
⬇️17489
⬇️17089
(There is chance to level mismatch by 0.01% of NIFTY)
KEY STRENGTH:-
1. World market closed positive.
2. SGX nifty closed positive.
3. Crypto currency’s positive.
4. Commodity negative.
5. Falling prices of gold.
6. Heavy weight stock positive.
7. VIX Falling.
KEY WEAKNESS:-
1. PCR.
2. Sentiment negative.
3. RSI on day TF over brought zone.
4. falling crude oil prices.
5. Rising USD.
6. Less trading days.
CHART PATTERN AND INDICATORS:-
1. Bearish bat pattern seen on xABCD.
2. Bullish on VI indicators.
HOW TO TRADE WITH CHART:-
1. Let break any side level mentioned on chart.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit will less but it will be profitable.
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BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions.
Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks
The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency.
The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10.
Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
avax ideaas we can see sasccording to price action . the seller takes place rn for correction . which is must according to ellotie wave theory . so we can seethe berrish here if not its sl is very lessso its a good trade according to my analysis i hope you mist get idea i had evplained it as a small digram over chagood money guys and remember every loss is a good loss for future big gains .
Polygon (MATIC) Price Prediction 2022Polygon (MATIC) Price Prediction 2022
Polygon (MATIC) holds the 12th position on CoinGecko right now. MATIC price prediction 2022 is explained below with a daily time frame.
An ascending channel defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel. But instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Polygon (MATIC) is at $0.8980. If the pattern continues, the price of MATIC might reach the resistance level of $0.9841, and 1.4651. If the trend reverses, then the price of MATIC may fall to $0.4129.
Polygon (MATIC) Support and Resistance Levels
Resistance Level 1 – $1.0079
Resistance Level 2 – $1.3736
Resistance Level 3 – $1.8836
Resistance Level 4 – $2.8842
Support Level 1 – $0.6622
Support Level 2 – $0.4698
Support Level 3 – $0.3202
The charts show that MATIC has performed a bullish trend over the past month. If this trend continues, MATIC might run along with the bulls overtaking its resistance level at $2.8842.
Accordingly, if the investors turn against the crypto, the price of the MATIC might plummet to almost $0.3202, a bearish signal.
BTC BEARISH SCENARIO WHICH IS GOING TO PLAYIn above chart, We can see a trend line acting as a support and resistance for about a year. Above trend line acted as support for about 4 times. After price broke out of trend line now the price is going for a retest. Thus we are going to see more downside in price
BTC/USD - Weekly OverviewOver the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of $18K-$22K, the price level had a positive breakout above the resistance level of $23K and sustained it as well.
The positive crossover of MA-10 against MA-20 is another bullish signal currently present. However, the price level sustainability above MA-10 looks vulnerable.
The RSI level also sustains well above 50, indicating that bulls are in a stronger position.
The MACD level is also hovering above the histogram while forming green bars. However, it looks vulnerable to a bearish crossover on a shorter timeframe.
Overall, the resistance levels can be placed at $25K and $27K, respectively, while if the market sentiment turns negative, support levels can be set at $22K and $20K.
Bitcoin Gradual Up moveOn Daily Basis:
BTCUSD (Bitcoin) is proving to be correct and it is gradually moving up after forming a bottom of 17600. Gradual up move is generally not the correction but base formation after completion of bear cycle. All adverse news is absorbed like Voyage Digital, 3 Arrows hedge fund and Luna which is an indicator of base formation before a meaningful Bull rally starts. 25500 should be the first target then 29800. It shall rest at these levels and may make a double bottom formation.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.