Cryptocurrency
Tron weekly chartTrx is forming a triangle pattern in weekly timeframe
And has shown no move since months
I hope it will give good move once came out of this cage
$BTC Daily Update$BTC #Bitcoin $17,301 resisting, $17,097 support tested and held, currently remains in effect. 1D failed to follow up closing bearish, expect support retest. Watch $16,905 if breaks current support.
$GALA dominating with Trend Reversal.Took a Long entry in BINANCE:GALAUSDT after seeing the trend reversal.
As marked, I will take a re-entry if it breaks through resistance and make it a solid support.
BTC/USD - Weekly OverviewBitcoin started 2023 on a positive note as the price level formed a rising channel pattern on the chart. Considering moving averages, MA-10 is trading above both MA-20 and MA-50, which is again a positive sign for the world’s largest cryptocurrency.
The RSI level is also showcasing an extremely positive nature with a breakout to the overbought region. At the same time, this may also suggest that we can witness a profit-booking momentum for BTC in the near term with the level exhausted at 77.91.
Overall, BTC is yet to break above the crucial resistance levels of $18K and $20K, respectively. In case of a turn of events, it can have support at $16K and $15K, respectively.
BTC/USD - Quarterly Overview (Q4'22)The last quarter of 2022 turned out to be the most damaging one for the world’s largest cryptocurrency. As the price level was able to maintain sustainability above the crucial support level of $18K, the collapse of the centralized exchange, FTX, resulted in a bloodbath in the overall market conditions. Thereafter, BTC suffered a new 52-week low of approximately $15.5K. Since then, the price level did not climb above the psychological mark of $20K ever again. Due to the downside, the price level of $18K has become a major hurdle for Bitcoin to break above. It did test the resistance mark during December but was unable to break above.
Considering the current momentum, since the start of 2023, Bitcoin is forming a potential rising channel pattern that could retest the resistance present at the 0.382 FIB level. Until then, we can expect the world’s largest digital asset to move in a consolidating nature. Otherwise, a breakout above $18K can be a potential signal for bullish momentum in the near term. The support levels for BTC can be placed around $16K and $15K, whereas, the resistance levels can be placed at $18K and $20K, respectively.
$BTC Daily Update$BTC #BTC Retested $16,750 as expected, gained $16,905 support during the weekend, Currently moving to test $17,301. 1D closed very good, current daily following up. Needs to gain $17,301 to test key resistance at $17,592.
Added More To Short Position of ETHUSDT Hello every one I added more in my position after rejection this 15 minutes candle.
This conviction as follow:
Swept the Stop loss and big red rejection at my interested area which 4hrs Time frame supply zone. This type of movement at supply zone confirms the activation big player.
This idea is continuation of linked idea and it is not new position.
weekend Trade for SUSHIso volume is low during weekends so we can take a quick trade here and close the trade by sunday night as market may see a rise from monday so do put a stop loss. NFA
adausdt cardano cardano broke the resistance in 4hr timeframe we can get a move here in upwards direction
BTC emergency update Recent update on BTC, Chart is speaking for itself, further if any update, we will share that
so do follow, like, and comment if you want analysis on other crypto an BINANCE:BTCUSDT d stocks.
Bitcoin technical analysis bitcoin retesting at a zone 30500usd if it sustain below 31000 for next 5-7days, it may test 20000usd we can see more fall in crypto currency.
if anybody wants to invest please wait and watch (if u want buy, buy @ 20000usd TO 21000usd or buy ABOVE @ 35000usd) #INVESTWISELY
****EDUCATION PURPOSEONLY****
LONG ETH on Demand ZoneVery good opportunity with good risk to reward for entering long position in ETH. The reason behind this trade is simply explained in the chart.
Just be patient to price come in our demand zone after the sweeping the liquidity area. The more fast and strong liquidity sweeping happen the more the chance of success our trade will be.
Entry point, stop loss point and target point is written on the chart.
The trade I am looking for in bitusdtNot a financial advice but this is what I am looking for if it validates my point will take a quick trade and book my profits
BTC/USD - Weekly OverviewThe new year started off quite well for the world’s largest cryptocurrency as BTC was up by 1.30% in the past 24 hours. The price level had developed a temporary support zone around $16.5K through which it is looking at the potential to test the resistance zone above the 0.236 FIB level.
It must be noted that BTC has not been able to break above the 0.236 FIB level and maintain sustainability thereafter. A breakout could be a significant indicator that Bitcoin can commence the year with significant bullish momentum.
Supporting the hypothesis are RSI and MACD levels. The RSI level is showcasing positive nature on the chart while standing at 53.74. The MACD level also had a bullish crossover below the histogram with a green bar formation. If the levels are able to climb above the histogram, we could witness a significant positive momentum for Bitcoin.
Overall, the resistance levels can be placed at $17K and $18K, respectively. The support for BTC can be placed at $16K and $15K, respectively.
Dogecoin buy-Inverted head and shoulder formingHappy new year guys,I wish this year we all can fulfill our dreams of becoming successful traders.
So Here is another trades for you.Dogecoin is making a bull setup with a inverted head and shoulder pattern in 1h time frame.There is a strong resistance zone in the neckline of the pattern(0.07091-0.07158 level) which dogecoin is trying to break.A breakout candle is already seen in the chart but because of the strong resistance it can reject another 2-3 times.If it breaks,a buy trade can be initiated from here.It may take a retest after reaching the first resistance level(0.07448).
So keep an eye on this trade.You may have hold the trade for 1-2 days.Happy trading.
GOLDgold can provide easy money in the coming week
KEY HIGHLIGHTS
gold is testing the upper-level multiple times and creating higher highs inside the range
wait for the breakout and retest of the area of value and take a trade in the direction of trend
Quick Targets Series : #3BINANCE:BTCPERP
Market sideways for sometime now, A break on the top pivot or the bottom pivot as shown an entry looks promising.
Runecoin short-Triangle breakoutRunecoin along with whole cryptocurrency stepped into downtrend.There was a first wave happened already.Now runecoin is restesting from the support level(1.345),and can go to upper resistance level(1.365) as shown in the picture.If the price again falls down from the resistance,a short trade can be initiated there.Also you can check the volume or ADX or RSI at the time of entry for a double confirmation. keep an eye on the trade.Happy Trading.
#Bitcoin possible scenarios for the next bull market#Bitcoin possible scenarios for the next bull market based on time cycle analysis.
