XRPUSDTXrpusdt breached smaller resistance in 4hr tf with good volume and and bouncing from daila and weekly trendling support, so its bullish
Cryptocurrency
BTC/USD - Weekly OverviewThe past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level.
The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level
The MACD level is still attempting to cross above the histogram. Overall, BTC is facing significant resistance at $17K and $18K thereafter. On the support side, $16K and $15K are the levels to watch out for.
$BTC Daily Update$BTC #Bitcoin $16,750 support remained in effect during the weekend and continues to, given range $16,750-$16,905 still maintained. Last 1D closed with bullish pin bar, possible bullish engulfing on 1D. Continue watching given S/R areas
NACTOPHARAMSTOCK OF THE WEEK :
NACTO PHARMA- looks good volume can be seen coming in ..
looks at cmp and can be bought. and sl should be below the trend line.
do like and comment if you love our post.
BTC/USD - Weekly OverviewThe past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick formation.
Thereafter, BTC was not able to maintain sustainability in the resistance zone also led to a breakdown below 0.236 FIB level on the Fibonacci retracement table. Currently, the price level has again entered the lower consolidation range.
Considering the technical indicators, MA-10 is vulnerable to have a negative breakout against MA-50 which could be an indication of further downfall. The RSI level has also disrupted its rising channel momentum causing a negative breakdown. Overall, BTC is looking vulnerable to retest support zones residing at $16K and $15K. In case of a positive comeback, it can face resistance at $19K and $20K, respectively.
BTCUSD SELL IDEALook for occasional retest and confirmation, trade is simple
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
Bitcoin short-Bearish flag breakoutBitcoin is making a bearish setup by forming a bearish flag pattern in 15m/1h time frame.The flag will give a breakout soon.The 16570 level and the 16339 level are the support levels downward.Keep an eye to the intraday trade and take the right entry.
IMPORTANT LOWER LOW ZONE OF BTC FROM JANUARY 2022 TO TILL MONTH A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
Good Opportunity LONG ETCUSDT Very Good Opportunity for Long of ETC with good risk to reward. 1:4
The Trade is simple only based on the demand zone.
All the entry and exit price is shared on the chart.
Long FTMUSDT with 1:4 RRGreat Opportunity to Enter in Demand zone(Institution Buy Zone)
Entry, Stop loss and Target price is mentioned in the Chart.
BTC forming Evening Star at daily be Cautious Bitcoin is forming an evening star in daily time frame which is a bearish sign if it does not sustain 17K level we might again see 16k region.Wait and monitor for next move also if we see something positive in 17K region our evening star will get invalidated .DO remember 28K is the region where BTC will have to visit either in a month or a year because that GAP needs to be filled. NFA
SHORT RUNEUSDTI see great opportunity shorting of RUNEUSDT.
If the price near our supply zone get weak(any bearish candle stick pattern) then it will confirm our setup. I observes carefully the price then I will update you guys under this post. Just be patient that once price reach to our supply zone.
Entry, exit and target prices are mentioned in the chart.
My BTC Analysis so faar.....Here is my BTC chart for you guys to Analyse. Learn to think like market makers, no one can stop you.
$BTC Daily Update$BTC $16,905 support held, Reattempt at $17,301 in progress. Bullish engulfing on last 1D close, Needs follow up from today's daily close, if followed thru $17,592 test likely. Continue watching given S/R
BTC/USD - Weekly OverviewSince the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end.
It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also tested the resistance zone multiple times but was unable to have a positive breakout.
On the moving averages, MA-10 is still sustaining the positive crossover against MA-50 which is a positive sign. At the same time, MA-50 is proving to provide support to the world’s largest cryptocurrency whenever selling pressure is faced.
The RSI level is also sustaining within the rising channel pattern formulated on the chart. Overall, BTC might be consolidated in nature but sustainability above $17K could lead up to positive developments towards the end of the year. The resistance levels can be placed around $18K and $19K while the support levels can be placed at $17K and $15K.
ALGOUSDT Price has been in a consolidation. we have created a nice optimum trade entry setup. I am looking for the price to tap in the unmitigated OB and continue downward
RENTER: SHORT MATICWe can renter for shorting of MATIC with Risk to reward of 1:7.
Entry price: $0.9397
Stop Loss: $.9537
Target price : 0.8410
Long HOOKUSDT After Breakout of TrendlineHOOKUSDT newly listed coin on Binance trading in very tight range. The possibility of it explosive is high because if people from ICO was supposed to dump it, they would have dumped it in one or two days after listing.
Actually I entered in this position early and you can check from the linked idea attached to this idea.
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below.
Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye.
Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels.
Make it happen,get some good profits.Happy Trading.
