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BTC/USD - Weekly OverviewThe bears are back again in the overall market conditions as the weekly loss for BTC reaches nearly (-)12.30%. On the chart, the price level has suffered a negative breakout from the rising channel pattern reflecting upon a strong change in sentiments During the past bullish rally, BTC faced significant resistance around the 0.236FIB level which may have resulted in the sentiment change. Additionally, MA-10 has also suffered a negative crossover against MA-20 and the price level has again fallen below major moving averages The MACD level also showcased bearish crossover and red bars formation on the histogram. The RSI level suffered a dip towards the oversold region and still showcased negative nature while residing at 33.80 Overall, negative sentiment has surely kicked backed in the overall market conditions. Narrative of the possible new-yearly bottom for the world’s largest cryptocurrency has started to float on media channels. Adding to that, support levels for BTC can be placed at $20K and $18K. On the contrary, resistance can be placed at $23K and $25K.
COINBASE:BTCUSD
by TradeDog-Research
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.
COINBASE:BTCUSDShort
by TradeDog-Research
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. Request if chart helps you then hit like button your one milliseconds effort makes us HAPPY. 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. 5. FOR OUR VIEW PLEASE PING US @INFINITYIV. NOTE:- 1. We are not SEBI registered but our chart accuracy can be trusted. 2. If you agreed to go with please consult SEBI registered advisor b4 any position. 3. To appreciate our efforts please like and share, you can save some one hard earned money. GREETINGS:- Happy independent day. Happy trading and have profitable week.
NSE:NIFTYLong
by INFINITYIV
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