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BTC/USD - Weekly OverviewThe past week for Bitcoin started off with a positive note as the price level tested the crucial resistance mark of $20K. However, as the level was trading above $20K, a strong profit booking momentum was observed which brought the strong support of $18K into play. nThe support level did again provide the much-required bounceback and the current level is trading between 0.786 FIB level to 0.618 FIB level based on the Fibonacci retracement. Above the 0.618 FIB level, there’s a strong resistance zone for the world’s largest cryptocurrency which it needs to break above and maintain price sustainability at the same time. One of the possible hints for an upcoming bullish trend in the short-term could be the positive crossover of MA-10 against MA-20. However, the crossover was just witnessed on the chart and has the possibility of forming a divergence too. The MACD level remains below the histogram which indicates that the buying volume might not be humongous considering the height of green bars formed. However, the RSI level has broken above the temporary resistance formed on the chart. It’s currently residing at 59.44. Overall, BTC might be heading to retest the resistance level present at $20K and $21K thereafter. In case of a turn of events, the crypto king can have support placed at $19K and $18K
COINBASE:BTCUSD
by TradeDog-Research
BTC/USD - Quarterly Overview (Q3 2022)For the third quarter of 2022, Bitcoin had bullish inception during the first month upon which it had a build-up to test the major resistance level of $25K during August. The price action formed a rising channel pattern before facing significant retracement from the resistance level. The retracement somehow settled at the psychological mark of $20K and maintained temporary sustainability, however, by the end of August, the level was too broken. During the last month of the quarter, the world’s largest cryptocurrency was on the brink of breaking below the crucial support level of $18K but had a strong bounceback and retested the resistance present at $22.5K but failed to have a positive breakout and faced sharp retracement again. The price action pattern is witnessed for the second consecutive time which can indicate that between the price level of $22K to $25K, there are a great number of sellers expecting to encash their BTC Since then, BTC is looking to have a positive and sustainable breakout above the 0.786 FIB level based on the Fibonacci retracement table. It also suggests that bitcoin can face strong resistance at 0.5 FIB level and 0.382 FIB level respectively Considering technical indicators, the RSI level had been quite volatile throughout the quarter by entering overbought and oversold regions on multiple occasions reflecting upon the price rebound between the range of $18K to $25K. MACD level also reflects similar nature as it had multiple breakouts both below and above the histogram. Considering future prospectus, MA-20 just had a positive crossover against MA-50 which may provide some positive momentum for BTC in the upcoming days. The RSI level is also forming a rising channel pattern while the MACD level has again climbed above the histogram. Overall resistance levels can be placed at $21K and $25K. On the negative side, support levels can be placed at $17K and $15K
COINBASE:BTCUSDLong
by TradeDog-Research
MANA token in descending triangle consolidation.Mana token that is built on Ethereum coin is a currency of Decentraland. It gained a reputation last year after the launch of the metaverse to the public domain and gave a nice return of about 600-700% in just few months. Though, after the initial hype the token lost its gains and travelled back to its inital price. The token started trading below its weekly 20 ema in the First week of April 2021 and is still trading below it. Even on the smaller time frame (daily), MANA is struggling to convincingly trade over its 20 DMA and is now forming a desending triangle formation. Its trading around its 20 DMA and have lost around 85-90% of its value from ATH. If the global markets regain their bullish moment the token can also give a nice targets. On the 4-hour chart analysis the token is taking a support around 0.681 USDT levels. Support:- 0.681, 0.629 Resistance :- 0.720, 0.730 The token has been in the down trend for so long and bullish move is expected in it. Wait for the token to breakout of the consolidation range and a price action near the levels for creating an intraday or swing trade.
by TheMamboMomentum
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the crypto markets follow the similar trajectory of the US market. Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA. It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels. On the hourly time frame, it is trading between 20 and 200 ema. Support :- 19290, 18870, 18600 Resistance :- 19630, 20000, 20330. The price range from 19290 to 19630 is a no trading zone. A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart. Wait for the price action near the price levels before entering the markets.
BITSTAMP:BTCUSD
by TheMamboMomentum
BITCOIN - BTCUSDT - Trading at support level Key highlights: 💡⚡ 📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level. 📈 since last few months script was in consolidation zone as highlighted in chart. 📈 script may give breakout of descending triangle in next few trading sessions. 📈 into that first target or we can say resistance can be around 25375 level and second target / resistance can be around 29717 level. 📈 with main support of around 18942 level and another support can be around 18263 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
Long
by radha_23
1
BTC/USD - Weekly OverviewAs the global economic conditions turned bearish during the past week, Bitcoin seemed to struggle between the price level of $18K to $19.K. However, the crucial support level of $18K remained intact. The current price level is hovering around $19K and might look to retest the resistance present at $20K In a short timeframe, the price level needs to have a positive crossover above MA-50 which can help to regain bullish momentum. Looking at the technical indicators, the RSI level is looking to cross above 50 which might prevail in positive sentiment for the world’s largest cryptocurrency. MACD level is still struggling below the histogram but has started to form green bars Overall, the price level has avoided significant price dumps by having strong sustainability above the crucial support level of $18K. If broken below, the next support level will be $17K. BTC might also test the psychological mark of $20K on the upside and if had a positive crossover, the next resistance level can be placed at $22K
COINBASE:BTCUSDLong
by TradeDog-Research
Trading Signal For MATICUSDT Polygoninverse Head and Shoulders pattern Trading Setup: A Trading Signal is seen in the MATICUSDT Polygon Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.7296 ⭕️SL @ 0.686 🔵TP1 @ H&S Target 0.866 🔵TP2 @ 0.94 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
MLong
by pullbacksignal
ETHUSD BEARISH FORECASTNEW ETH BEARISH IDEA ETH has been down for over the past 1year since 11Nov 2021 with highest price of 4868. The ETH price has been trading down and below falling resistance line up to date, and it is now trading within the range boundaries of 2027 and 1004. Due to the hawkish expectations from FED and Dollar's strength, we expect price to drop more for about 30-35% of current price, that's 1000, which was last lowest traded price since June 2022. We expect the ETH to break below support area of 1350 in couple days, after retest we'll hop in market again, Head and shoulder was formed and we expect the closure of candle below neckline also.
FOREXCOM:ETHUSDShort
by CELGIB_TRADING
NEW BTC BEARISH FORECASTBTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date. I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks. Bearish descending triangle, descending resistance weekly and daily, testing major horizontal support since July, head and shoulders pattern, FED hawkish expectations 21st September. What to do now?🤔 Wait for the candle closure below the neckline boundary, then our target will be 12k straight. If you're still willing to buy BTC😄 Wait for the break above falling resistance, after retest then you go long for the target of 22653(previous shoulder), the shoulder is our current residence D1 and if the 22653 didn't hold lower your next target 25194 (unlikely).
FOREXCOM:BTCUSDShort
by CELGIB_TRADING
PNB ANALYSIS 19.09.2022BUY : 39 TO 25 TARGET : 140 TO 156 Reason For Selling This Script : In this script the price is falling in down trend channel. Now the price is in side way moment once price close above 47 in monthly time frame and the target level given above. Technical Analysis Used : Monthly time frame analysis Down trend channel analysis Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target. ALL THE BEST ..
NSE:PNBLong
by dayanithi555