ETHUSD : Looking for Short!ETH is looking for short after having correction & reached to the top for a nice movement to the downside & has formed ascending channel for a move to the downside.
Crypto
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
BTC/USD - Weekly OverviewFor the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart.
However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market conditions.
On the other hand, the RSI level is showcasing strong bounceback from the oversold region and has formed a rising channel pattern. The current level lies at 44.81. Last time, when the level was above 50, BTC was trading above $30K.
With the ongoing positive trend on a shorter timeframe, BTC is expected to face resistance at $22K and $24K respectively. On the contrary, support levels could be placed at $20K and $18K respectively.
$BTC Daily update$BTC #BTC Broke $21,299 with reattempt at $21,791 which resisted and held strong. 2 Attempts in last 6 days to break $21,791, 1W time-frame seems to be settling down slowly from the bearish turn. Continue watching $20,812 support which remains key for now.
NIFTY 50Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
YFII pole & flag bullish Breakout 1 Hour timeframe Check out the chart and whenever it breaks the yellow Trendline with a closing Of 1 hour candle above the trend line , can enter for Top of the flag and Beyonf Targets
$BTC Daily update$BTC #BTC Bullish engulfing on 1D played out with climb to $21,299 and the same remains in effect as resistance. Built good support above $20,812 and holding, needs to break $21,299 or high chance of breaking the support. Weekend feels bearish currently. Stop looking and enjoy the weekend
$THETA LONGWhen applied Elliott wave theory we have completed 1st impulsive wave (leading diagonal) and ABC correction which is wave2 and now we are currently in wave3
Tp : $1.75 , $1.85
$BTC Daily update$BTC Back at it testing $20,812 resistance. $19,894 held well, no retest of $19,535 yet. 1D close and 4H not looking good still counting on $19,535 retest and probably $19.003 too. Continue watching given support and resistance areas.
BNB PERPETUAL FUTURES Short term support and resistanceBNB PERPETUAL FUTURES Short term support and resistance based on recent swing high and swing low, if it breaks out then little upside movement can be seen vice versa.
Please Let me know if this helps
$BTC Daily update$BTC Broke $20,812 resistance yesterday as expected, $21,791 resistance held strong during the climb. $19,894 support to be tested in few hours, last 1h close with shooting star and 1D with bearish pin bar. Watch $19,535 support👀
COMEBACK??? BTCUSD #BITCOIN Rsi is indicating and up move in bitcoin in coming sessions possibly although it is the most risky to take now in pf do watch your setup very strictly if you are into this
sol analysisthe trendline which i feel Solana should follow
with the recent pump in alts I consider of a pullback from here
which we will be seeing once btc rejects from point
btc analysiswe may see a bottom W pattern in btc as there was a sudden rise in price which I don't seem to be a good signal as the Binance said that its buying were fake and fear greed index is still in red being such fear in market the volume will be low so we can get to see a rejection at given point and than a fall in price
with a further increase if it completes W patter we will get to see a relief rally not a bull run i will say but a nice pump for a short time
$BTC Daily update$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
BTC/USD - Weekly OverviewFor the past week, Bitcoin faced the wrath of bears as it slipped below the crucial psychological mark of $20K. It has registered a new 52-week low of around $17,500 on the charts. A figure that is not wished by anyone.
However, there has been a positive bounceback since then. We are witnessing a potential bullish crossover in the MACD which could possibly hint of more positive momentum ahead. The price level is also looking to develop sustainability above MA-10.
On the contrary, if we face profit booking momentum again, support levels can be placed at $20K and $18K. However, if the ongoing positive momentum is sustained, the world’s largest cryptocurrency can face resistance at $22K and $24K respectively.
$BTC Daily updateLast Friday Warned you about the possible drop that happened Saturday, $BTC Tested and broke $19,535 last Saturday, Given key support $17,999 tested and held. $20,812 resistance in effect with support at $19,535 currently. Last 1D close with bullish engulfing and 4H close with bearish engulfing expecting it to range $20,812-$19,003 today.
BTC Major breakdown of 50MA & S4 by one red candleLarge red bearish candle breached the 50 period moving average and S4 pivot supports this month. Next support level is at $6175.
head and shoulder pattern formed has already broken down. Fall expected equal to the height of the 'head' indicates a terminal price of 'zero'.
Update: BTC broke $ 20000, what' next?so BTC followed the projected path! there seems to be one more small push down before some relief is seen.
the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later).
Trade safe!
ETH/USDT CHART ANALYSIS #ETH lost physiological support ($ 1000) .
Bear take control over market .
Tight your seats till 🐂 take control .
Expect upto 50% 📉 .
$BTC Daily update$BTC last 1D close and last 4H close both bearish pin bar, current weekly not looking good at all awaiting close. If break $19,894-$19,535 Key areas to watch will be $19,003, $17,999, $16,005, $14,019
