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Cryptocurrency

Bitcoin has so far continued to slow down the slide#BTC Main 16.08.2022📊 BTC: $ 24,000 ETH: $ 1,800 BITCOIN DOMINANCE 40,94% TOTAL MARKET CAP $ 1.12T Crypto Fear & Greed Index: 44 📊Bitcoin has so far continued to slowly slide lower, even with the growth of American markets. Given the correlation with the S&P500 and NASDAQ, Bitcoin will soon have to catch up with them, however, I am considering another option. Within the framework of an uptrend and a preload to the limit resistance of $ 24.950, we can see a descent to test the trend-inclined support (global), since the price has not descended to it for a long time. In this case, we are waiting for a correction to $ 23,000 - $23,200. Have a good trading day👌
BITSTAMP:BTCUSD
by alphatechfinances
Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its 200 ema on hourly time frame. Wait for a close below 315 level on the daily time frame. Good risk to reward ratio is there if the coin starts to dip. Wait and watch the price action before shorting the coin.
Short
by TheMamboMomentum
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time frame. Once the pattern gives a break out, bitcoin can give nice targets on both side. Watch for the price action before trading the setup. Support and resistance levels are mentioned in the chart itself.
BITSTAMP:BTCUSD
by TheMamboMomentum