Bitcoin next move update1 or 2 ?
Lets not guess.
Lets react to the market
If guessing is the game i’l go with 1
#fingerscrossed
Cryptocurrency
matic bullishcreating a base just below strong resistance ..
can be a good buy abv 1.05
and good for investing also
$ETH Short Selling (High Risk Short-term Trade)$ETH Short Selling (High Risk Short-term Trade)
EP:1644.17
SL: 1682.17
TP1: 1580.27
TP2: 1527.77
RRR: 1.69
Axie Infinity Token Unlock (January 2023)The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its current year ATH of approximately $14.00 to the current recorded price of $11.20.
This might indicate that Axie Infinity is currently facing the second and unwanted case of token unlocking explained earlier. This means there is less demand for the token as compared to its circulating supply in the market.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL: 382 to 373
TARGET : 320
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 320 in monthly time frame and then try sell. Waiting for neckline breakout.
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 ..
XABCD PATTERN BUY : 152 TO 123
TARGET : 274
Reason For Buying This Script :
In this stock it has broken the double bottom neck line. Once price close above 274 and the next target up to 396.
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 ..
Rally Incoming for $GMTAfter Bottom reversal BINANCE:GMTUSDT is clearly looking for leg up.
A small local Resistance takeover will definitely lead a rally up to $1.15.
$KNC Analysis on DailyAfter reversing from bottom $KNC has retested Daily support zone, and if you look at Weekly TF you will see a rally straight up to $1.20 can be expected.
Volume is incoming, only if market sustains the choppy sideways and do not take drastic turn we can expect the target hit soon.
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns.
On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance zone placed above the 0.786 FIB level.
However, the bullish engulfing candle which led to the breakout above 0.618 FIB level suggests that Bitcoin needs to spend some time in the sustainability region to formulate potential support zones. Having another bullish momentum on the current build-up might lead to volatile profit booking momentum which might deteriorate previously gained returns.
The technical indicators including MACD and RSI are sustaining on bullish levels as RSI is in the overbought region for most of 2023. The MACD continues to form green bars on the histogram.
Overall, the resistance level for BTC will be at $23K and $25K. Whereas, if profit booking momentum comes into action, support levels can be placed at $21K and $20K.
$BTC Daily Update$BTC #BTC $22,379 support holding as expected, $22,750 resisting as of now, $23,479 resistance tested and rejected. $24,129-$24,690 next key resistance area to watch breaking $23,479. $23,197 initial resistance, Crucial to hold $22,379 for reattempt at $23,479.
UNISWAP USDT CRYPTOUNISWAP CRYPTO
A super triangle breakout @ ace point with trendline breakout and retested already.and also creating a gartley harmonic pattern @ bottom with morning star .also break and close above inside bar
buy above 6.961 add more if get @ 5.36 closing stoploss 4.697 below target 12-15
yfi breakout possibleyfi accumulating just below the major resistance
if breaks out can give good move
Divergence in solana at 4 hour time frameIt can dip to 14 dollar which is good price to buy long but it will take around 2 week to go there,
You can short here with minimal margin.
morning star in btcmorning star spotted in bitcoin in monthly time frame chart on a major support its a good bullish reversal sign .. so we have a good chances of bull run here
BITCOIN Poised for Next Bull RunOn Weekly Basis:
BITCOIN completed its correction from peak USD 69000 to 15500 in its Grand Wave. There is a support at 19160 on weekly charts when it made a peak in December, 2017 and also paused in June, 2022. Though it broke briefly at 15500. Grand Wave Correction 1, 2, 3, 4 and 5 is over in Bitcoin. Bear cycle looks like, it is over. First break out has happened by breaking away from downward trend line. One can be cautiously optimistic and it provides a good choice to buy at current level with a target of 31000. There is a chance of golden cross over happening at 200 DMA. It has come out of deep oversold position to neutral zone. RSI was deeply oversold in July'22 before showing the signs of bottoming out in November'22. Now it has broken the downward trendline and 200 DMA convincingly. Strong pullback or beginning of new Bull market is possible.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Cardano RSI Bearish Divergence at Resistance ZoneADA/USDT is near resistance price is making higher high, while the RSI is making lower high which is clear sign of RSI Bearish Divergence. We can take short position once price breaks below the support with strong bearish candle. target will be the next support zone. stoploss above the swing high.
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BTC HTF trade idea Looking into this trade on bitcoin, currently at d1 supply, trade invalidation would be acceptance above poi.
Expecting a pullback here
RVNGaining more volume and it will change the trend more aggressively
The green target is for short therm. You should choose fib 0,6-0,618 area for second short term target.
The red resistance is important to get in the trade wait for daily candle close above it.
good luck.
Bitcoin RSI Bearish DivergencePrice is making higher highs while the RSI is making lower highs which is a sign of RSI Bearish Divergence. We can expect a pullback.
Xrp ripple Xrp usdt is making base just below the major resistance.. absolutely bullish if breaks above
Solana will bounce backHere solana took support from important support and then move upward.
Now after hitting resistance or may it will break just to trap people but you need to wait for another bounce at 14.589 something.
Instead of marginal trading, I will suggest put normal money and wait for 1 year to get 10x returns.
$MAGIC at ConfluenceConfluence or High Quality trading is where 3 or 4 technical signals merge with each other.
BINANCE:MAGICUSDT showed up a nice confluence with FIB Levels, Exponential Moving Average, Trendline break and all that at Support zone.
This High quality trade is what a Daytrader should always patiently wait and look for.
All my level are marked in the picture. Let's see how it plays.
$GALA Support retest done.$GALA again lookin clean.
Support retested with a high volume breakout.
Entry, Exit & SL marked clearly.
