BTC/USD - Weekly OverviewAfter facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too.
BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. Meanwhile, there’s a positive breakout for MA-10 against MA-25. A bullish crossover above the major resistance level of $32K might bring back the much-needed positive momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram.
Overall, a resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
Cryptocurrency
Near chart analysisSo as we all know that near , BTC and all other alts are doing range bound and than falling more down everytime .
Currently btc rise up from support region and rised till resistance region giving a small bull session .
Though it got rejected again from the resistance and moving back to the support zone presonally i think
$NEAR will go to the mid support region marked in the chart and end this week in range of 5.4 - 5.5
thus my price prediction for near for this week will be 5.48$
GLMR | Possible narrative for the next bull run 2024/25It’s basically fundamentals. The most important fundamental in crypto is hype and I believe dot parachains is a potential narrative for the next cycle. Nothing wrong in betting a small amount on GLMR. It is the first running parachain. Tokenomics aren’t good though but they aren’t even bad. Lots of unlocks in the next 12 months so price won’t appreciate much immediately but yeah it’s a potential narrative for the next run up. Bought some at 1.2$ and I have my bids at 0.30-40$.
Bitcoin trading in a triangle.Bitcoin trading in a descending triangle formation after fall.
It has been consolidating in a range after failing to hold its 20 ema on weekly chart.
Bitcoin has recently tested its weekly 200 ema has is consolidating just above it.
There is a resistance and a support which has been tested many times and once broken can give nice targets.
Support :- 27100, 28650, 28500
Resistance :- 30500, 31800
The coin is silent for half a month.
Watch for the price action near the triangle breakout.
#bitcoin #btcusd
symmetric triangle btc from may 8 trading in tight range and try to make symmetric tringle on day 1 and 4 hour chart ..there might be possibility before 29 may either it will try to breakdown or breakout
this chart mostly belong to bearish trend and wave trend oscillator also showing bearish trend but still we gonna wait for confirmation on day closing
in chart also you can see Fibonacci support
in this chart use two indicator and 1 pattern
1) symmetric triangle
2) wave oscilator
3) fibonacci
if there is no breakdown breakout move till 30 may this chart will become invalid as it gonna reach triangle end
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month.
On the Fibonacci retracement table, the price is trading at the lowest level which indicates that we might face any of the dual possibilities with a sudden momentum. A positive breakout above EMA-20 and EMA-50 is also witnessed which can be a positive signal.
The RSI level has started to showcase negative nature retracing back from 60 and currently residing at 57.10. The MACD level is also struggling for a positive breakout above the histogram.
Overall, the support levels can be placed at $28K and $26K respectively. Incase of a comeback of bulls, resistance can be placed at $32K and $34K.
#Bitcoin Break out or Break down?On H1 you see my support at 28850ishwhich is holding strong since few days. Above, you see 200 day EMA is also strongly limiting upside with a strong rejection. At some point shortly, it's either or. Breakout or breakdown.
What do you think? Let me know in comments. My bias is for breakdown.
BTC Fall from the Moon happening Soon Exactly sellers taking the control of the price, BTC breaks the correction trend line more over bearish pennant forming on the 15 mins chart and breakout by the candles and confirmation by volume indicating BTC on the downward move. I am taking this trade.
What’s your take on it?
Comment down
BTCUSD Trading Plan - 20/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up on short term after finishing this correction.
Short term Buy.
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
BTCUSD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up after spending some more time in this correction.
Short term Buy for now.
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
What 1-hour chart says? Fundamental Development
The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still sketchy as Milanez did not disclose if the exchange will offer Bitcoin futures trading directly or form a partnership to offer the service.In January, Jochen Mielke de Lima, director of information technology at B3, said that the stock exchange would launch products offering crypto exposure this year, including Bitcoin and Ethereum futures. We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process. Furthermore, B3 has other crypto-based products in its arsenal, including a platform for crypto trading, asset tokenization, and cryptocurrency custody.
Short Term Technical View: On daily time frame chart Bitcoin is trading below 200 simple moving averages. Bitcoin is now trading above the $30,000 level and the 100 & 50 hourly simple moving average. If it breaks $30,500 resistance zone then it can show upside movement near $30,900 level. Right now BTC is consolidating near $30,400 range.
Alternative Scenario: If BTC fails to break resistance zone $30,500 level then the first major support is near the $29,700 level. A downside break and close below the $29,700 support might start a major decline near $29,400 support level.






















