$BTC Daily update$BTC Told you $19,535 retested as expected. 1D Close bullish and last 4H too but unable to follow thru, $20,338 resisting. $20,338-$19,535 Moving range remains in effect.
Cryptocurrency
1inch analysis here is the analysis for `inch usdt which is coming back to the channel if supports confirmed can rally upto 0.9$. TP1-0.75 TP2 - 0.9 NFA
BITCOIN - End of the Road or a New Bull Run?BITCOIN - End of the Road or a New Bull Run?
Spectacular run over for now.
Needs to Hold 14100-17700 for upmove. - Will it retest 28800?
Below it 3700 possible? (does not seem to be on the cards for now).
BTCUSD Trading Plan - 29/Aug/2022Hello Traders,
Hope you all are doing good!!
I expect BTCUSD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BNB looking weak after bearish H&S formationBINANCE:BNBUSD formed a nice H&S (head and shoulder) formation, broke down and now retesting the neckline. Notice the decreasing volume on rise from beginning of August which shows weakness.
Neckline around 288 seem like a good place to short and we might see 225 or lower levels in days to come.
BTC bearflag support brokenBTC was trading in a bear flag from a long time and now we see that it has broken the support and currently trading around local support of 19500-20000, we may see more fall towards last time low 17600-18000 level, if BTC holds this major support then we may see a bullish sign, or more downward movement to 14k maybe seen.
BNBBTC LongTime Frame: 4H
Symbol: BNBBTC
Entry: 0.013807
TP: 0.014376
SL: 0.013339
Bias: Long
Considering the price pattern of this instrument ,we are going for a long trade.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4323
TP: 0.3871
SL: 0.4661
Bias: Short
We are looking for a short opportunity from the current price context.
SOLUSDT ShortTime Frame: 4H
Symbol: SOLUSDT
Entry: 30.92
TP: 26.56
SL: 34.16
Bias: Short
The current price trend is showing a bearish bias and therefore we are looking for a short opportunity.
ETHUSDT ShortTime Frame: 4H
Symbol: ETHUSDT
Entry: 1448.08
TP: 1304.24
SL: 1559.96
Bias: Short
We are planning a short opportunity based upon our study of price patterns .
BTCUSDT ShortTime Frame: 4H
Symbol: BTCUSDT
Entry: 19878.01
TP: 18792.07
SL: 20692.46
Bias: Short
Current bias is bearish and we are looking for a short opportunity.
BTC/USD - Weekly OverviewThe overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario.
Moreover, after a negative breakout from the rising channel pattern during the past week, the price level has faced a steep decline and potentially formed a falling channel. Technical indicators suggest that more downfall can be expected in the upcoming days. RSI level has reached the oversold region and needs a positive bounceback. MACD levels have gone below the histogram again and faced multiple bearish crossovers.
Overall, incase of further downfall, support levels can be placed at $18K and $17K. However, if the world’s largest cryptoasset showcases some positive momentum, resistance levels can be placed at $21K and $23K.
$BTC Daily Update$BTC $19,535 support in effect, Key support at $17,999 if continues to drop $17,999 will come in effect, Weekly close bearish with comply follow thru of bearish engulfing from last weekly close. Next support areas if drops further below will be $19,003-$18,529.
$BTC Daily Update$BTC oops😂😂, Warned you two days ago, $20,812 retested and broke. $19,894 Support came in effect, $21,791 resisted and raised hell. 1D close put bearish engulfing of course. $20,812 will turn and resist whenever $BTC changes it's direction towards up.
Ethereum forming Head & shoulder pattern.Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA.
The coin has given a nice movement and is retracing before another up move.
The coin is trading below the moving averages.
Two confirmation patterns are being formed in the coin on the daily time frame
1. Head and shoulder pattern
2. Bearish III continous pattern
A down side moment can give nice targets as there a 3 confirmation.
1. Trading below 20 ema(daily time frame).
2. Break of Head and shoulder neck line.
3. Volumes are high.
Support :- 1390, 1245.
Resistance :- 1715, 2000
US markets fell about 1000 points (3%).
The crypto markets can also fell the pain.
Wait for the coin to break the support and form some price action near it.
BNBBTC NeutralTime Frame: 4H
Symbol: BNBBTC
Bias: Neutral
We are neutral for this instrument and have no signal for the time being.
ADAUSDT NeutralTime Frame: 4H
Symbol: ADAUSDT
Bias: Neutral
For the time being we do not have any strong directional suggestion for entering trades.
SOLUSDT NeutralTime Frame: 4H
Symbol: SOLUSDT
Bias: Neutral
We do not recommend any directional bias for this pair.
ETHUSDT ShortTime Frame: 4H
Symbol: ETHUSDT
Entry: 1627.37
TP: 1484.80
SL: 1748.34
Bias: Short
We see a bearish outlook from the current context and our bias is for going short.
BTCUSDT NeutralTime Frame: 4H
Symbol: BTCUSDT
Bias: Neutral
We do not suggest any directional bias for this instrument. We have to wait for a better opportunity. If no opportunity is visible ,the truth is that no opportunity exists .
$BTC Daily Update$BTC Maintaining $20,812-$21,791 moving range, $21,299 support in effect since last few hours, Another bearish 1D close, $20,812 still at risk of being tested.
$BTC Daily Update$BTC has now spent almost 6 days in given moving range $20,812-$21,791. $21,299 given support in effect. 4H showing bearish engulfing could revisit $20,812. Continue watching given S/R areas.
