Crypto
BTCUSDTPerp on major supportBTCUSDT is currently trading on very crucial support, breaking it might cause more pain to BTC holders since the next support seems to be at around $33000 levels also the support has been tested multiple times and a breakdown can be expected, nevertheless it can also form a double bottom like pattern here and then rally up to the last swing levels which can give us a very sweet 1:3 risk to reward ratio trade.
Bitcoin respecting the trend line.Bitcoin has been respecting a trend line and is taking support from it.
The coin is trading around its 20 ema on 15 mint time frame.
Support will be the trend line. Let the price trade below the trend line or breaks above the level of 38810.
On daily time frame, it’s forming an inside candle.
Support :- 38100, 37700
Resistance:- 38810, 39270
Wait for price action near the levels for entry.
ENS, crypto with strong fundamentals now giving breakoutHello traders,
ENS with a strong potential and good fundamentals is giving breakout. don't miss out on this
check for more info in the chart
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Aniket.
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Lunausdt Long tradeReasons to go for long trade:
01.Breakout of a powerful trendline with powerful candle.
02 .Very bullish volumes in the bottom structure of price ( entry of smart money).
03. In retracement very less powerful bearish candles( absence of bears).
04. Go long after formation of very bullish candle after retracement.
TKYUSDT best time to BUYCOIN NAME: TKY
PAIR-USDT
EXCHANGE : KUCOIN
Buy: 0.000200 to 0.000210
T1- 0.000298
T2- 0.000360
T3- 0.000495
No SL
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. SL must but for Spot not required if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and a view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, Do you need any coin analysis then message me, I can guide you.
Bitcoin hourly chart: Multiple supports for on the cardsBitcoin broke a channel and is falling towards supports. Reversal is expected from supports marked in green. Additionally, the blue trendline will offer good support. 40200 and 39700 will act as supports. If they break, a strong support is at 38500 which, if broken, will lead to significant fall.
BTC/USD - Weekly OverviewThe bearish sentiment has again caught up with the overall market conditions from the past week. On the weekly basis, the price level has fallen by -1.27% while the monthly loss has amounted to -7.57% at the time of recording.
On the Fibonacci retracement table, BTC faced formidable resistance at the 0.382FIB level which is placed at $47413.42, and faced a significant downfall thereafter. The price level did make an attempt to achieve sustainability above the 0.236FIB level ($42580.58) but the selling pressure enforced further downfall.
On the moving averages, EMA-20 (41721.80) had faced a negative crossover against EMA-50 (42152.42) which is a bearish signal. The price level is also trading below all the significant EMAs reflecting the existing selling sentiment among investors.
Currently, the price level is falling towards the critical support level of $37K wherein we could expect consolidation for halting the bears’ wrath. Further downfall below the mentioned level could bring another crucial support of $34K into the play.
BTC/USDT-->INVERTED POLE & FLAG BREAKDOWNBINANCE:BTCUSDTPERP
TECHNICAL ANALYSIS
--> BTC/USDT had made a impulsive downmove earlier and was consolidating in a Inverted Flag Pattern since 3 months.
--> BTC/USDT has given a breakdown from a INVERTED POLE & FLAG Pattern.
Bitcoin Onchain Analysis
-->during the consolidatiion of BTC/USDT in a Inverted Flag Pattern since 3 months.
-->In this zone MPI, Miner's Inflow, SOAB(5-7yr,7-10yr,10y), Average Dormancy, CDD made huge peaks suggesting Long-Term-Hodlers booking Profits .
--> for a detailed analysis you can check it out on my portfolio by clicking the link in the comment box.
ENTRY
--> Take a postion when it gives 1 HR closing below 39100.
STOPLOSS
--> SL =42100
TARGET
--> Target 1 = 34100
Target 2 = 30100
is this GMT short opportunitythe price is respecting the resistance every level
would it be the case this time also will we see again rejection in this and short in price from the rejection
i am entering with small amount since the market in fear right now short may be profitable for few days
lets wait and watch
happy trading
Intraday short trade opportunity in ETHETH is in the correction phase. on a 15 min. timeframe, it has broken down below strong support with good volumes.
The price has retraced back to the support turned resistance and the candles have formed stalled candlestick pattern with falling volumes.
This is a perfect setup for short trade with tight stop loss.
How to enter a trade?
Wait for a falling candle with above-average volumes.
Stoploss above the resistance line/ above breakdown candle.
Target - open
Not a recommendation. This is just an observation on the chart. do your own due diligence.