Crypto
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.
Shiba Inu good for a short trade - Intradaycryptocurrencies are in the correction phase for the last few trading sessions on a daily timeframe.
Shiba Inu has fallen with good volumes. The volume trend suggests that the selling pressure is high.
The price is trading below 20ema. RSI is weak. MACD on 15min. the timeframe is in negative territory and on 5min. the timeframe has crossed below the Signal line.
SL- Slightly above 20ema
Target, nearest swing low.
Risk reward is attractive at around 3.
confusing GMTwe can see a nice beautiful bullish flag on chart
which indicates a nice bullish sign but at a same time it is forming a descending triangle
we have to wait and see in which direction the market if it breakout down than we can see a down rally till support red line
if it breakout upwards the price can even hits it all time high
Falling market could be apportunitywait for confirmation at important level atleast in 4hr and 1D timefram, take trade accordingly. Provided that, also go through long short ratio, cuz Whales always tries to liquidate retailers by taking opposite trade,
... suggest commodity/crypto for analysis, in comment
#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #SOLANASOLANA
On daily Chart, Rounding bottom formation with descending triangle BO
& Also Resistance level BO and now retracing
With all these seems to bet on Uptrend
If 120 levels sustain then buy for targets of 135-150 in short term
Chance are thr it may further will correct upto 100-110 levels, good to add on that levels also
If downtrend continues then exit at 100 levels.
Also trail SL to maximize ur profit.
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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RNDR LONG !!! As the Crypto markets are turning bullish and the coins are available at a discounted price, it is a great opportunity to buy.
RNDR is at a good Support level.
Buy according to the levels given in the charts.
Always Place Stoploss.
Trial the Stoploss when a new higher low is formed.
let your profits be on Stonks !! :)
BNB forming rising wedge on 15 minutes. Maybe not / But what if?We can see an inconsistent rising wedge pattern but well patterns are never perfect because of BTC's correlation with every other currency.
I'll see how this would play out.
Stop loss or great Shorting opportunity if it fails the bottom support.
AMPUSDT is waiting for the breakout.COIN NAME: AMP
PAIR-USDT
EXCHANGE : ANY
STRENGTH:
Above trend line as well as waiting at resistance zone
Coin gecko Rank: 92
Good Mark Cap
Trading in 49 Exchanges
Buy: 0.02750 to 0.02820
T1- 0.03045
T2- 0.03384
T3- 0.03772
T4- 0.04060
SL - 0.02720 or HOLD
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. Keep SL if you don't want to hold but not required for the Spot trading if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and my eagle 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, and I will do it for you.
BNB to take over Global Finance? Interesting Macro ScenarioCRYPTOCAP:BNB BINANCE:BNBUSDT CRYPTOCAP:BNB.D
In the chart,
1. Trend based fibonacci levels. Shouldn't disappoint.
2. BNB is forming an ascending pattern on macro levels
3. Exchange's popularity and usage metrics are off the charts that will attract more institutional investors in both short term and long term
4. Binance acquires anything that can make their presence more exponential. Whether its banks or exchanges in multiple countries.
Binance is the largest crypto exchange with the biggest presence in countries. NO S***
It's better to look at BNB coin more than what it presently is. HIGH TIME we take notice.
This is not a financial advice
I still don't know what to think of this-
It's the biggest exchange so far
Has a crypto thats actually being used for payments, defi, transfers and can even be treated as an asset class.
Enjoys zero maintenance margin on multiple instruments
Coins are pegged against BNB and has a dedicated exchange for the same on its network
Almost started to feel like a bank
Is it a tech giant? Is it a financial giant? Is it Both? I don't know
I've started to have interest in Binance as a new generation asset class that really could dominate global finance.
I don't believe in this strongly but the trends have been positive and consistent. Fundamentals are way too strong - so is the dominance and presence.
Could be wrong but I'm still taking a DCA oriented long position for the next 5 year cycle on this coin. Also I have no complains from the exchange. Seamless experience since 2017.
ILA (INFINITE LAUNCH) Be ready COIN NAME: ILA
PAIR-USDT
EXCHANGE : KUCOIN
Buy: Market
T1- 0.0334
T2- 0.0422
T3- 0.0566
T4- 0.0644
SL - 0.0207 or HOLD and buy-in Dips
Fundamentals are not that much strong right now but still trading volume and its activity is very good.
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC . Keep SL if you don't want to hold but not required for the Spot trading 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 will do it for you.
DATAUSDT is ready for pumpBuy at a given scale. 25% pump may chance.
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, send me a message for the analysis of any coin, I can guide you.