Cryptotrading
BTC (long + short)A choch has occurred towards the order block from which we need to short btc. After a liquidity sweep of equals we'll see an upward movement towards our main order block from which we'll look for short trades.
My analysis shows this probability, what do you think ?
Help me out if you think I'm making mistakes. Thank you
BITCOIN : Multi Year Support ZoneBitcoin
Structure:
Price currently took support at Multi-Year Demand Zone in Weekly Time Frame
Moving Averages - 150 MA :
Price is a little above 150 MA shows some good signs in the crypto market, If the price falls below 150 MA then the trend is completely bearish mood till 20K$
Expectation/Probability:
Price can reverse from the current level till 46k$ or Price can break 150 MA then it might fall till 20k$
ETHUSDT : Lower Low and Lowe High Structure Ethereum
1)Structure
2)Moving Average 150MA
3)Volume Analysis
1) Structure: Lower Low and Lower High
Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure which means the price is bearish in nature,
However, there is a chance to change the current trading structure which we mentioned as CP in the chart
Change in Polarity (CP): CP means once a Resistance Level is broken then it becomes a Support level for the next trend structure (Change in Polarity 2140$ Level)
2) Moving Average 150MA :
In the hourly time frame price is observed below 150MA, which indicates the structure is still controlled by the Bearish hands
3)Volume Analysis :
The volume declined from May 12 to the current date we analyzed, indicating that there is much less demand at the current level
4) Expectations/Probability
Probability 1: The price can break the $2,140 level and then it could climb to the $2,450 level.
Probability 2: The price can consolidate between the 1740$ - 2140$ level for some more days and then it could move to higher side
KCS shall bounce from here!!This is based on fundamental analysis.
Since $BTC has shown a 10% up on a weekly candle, I'm bearish about bitcoin. And this time bitcoin shall crash below 16,000 $USDT as $KCS will follow somewhere near $8. Don't open any leverage trade based on this analysis, just open a spot order between these rates.
BTC/USD - Weekly OverviewBitcoin price level hovered within the consolidation range depicted in the chart. The world’s largest cryptocurrency maintained sustainability above the strong support level of $19K. Thereafter, the price level is currently attempting for a positive breakout above the consolidation range.
It must be noted that BTC faced a couple of negative breakouts after forming a consolidation range for a considerable time during the past months. Bulls might have an excellent opportunity to develop sustainability at a higher range and be a sentiment changer if the daily candle closes above the consolidation range.
Supporting the hypothesis is the positive crossover of MA-10 against MA-25 and MA-50. However, on previous occasions, we have seen significant selling pressure as soon as MA-10 goes above other moving averages, reflecting the present resistance.
RSI level is targeting the overbought region while residing at 63.34 at the time of recording.
Overall, BTC will face resistance at $23K and $24K. Incase of a turn of events, support levels can be placed at $19K and $18K.
INVERTED HEAD AND SHOLDER PATTERN ANALYSIS ON HINDPETRO 17.07.22BUY : 239 TO 211
FIRST TARGET : 330
Reason For Buying This Script :
In this script it is forming inverted head & shoulder patter in monthly time frame . Now the price is in right shoulder. Once the price close above 330 in monthly time frame and the next target 489. It has good potential to go life time high. Try to accumulate in lower levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Bitcoin Analysis (BTCUSD)The Price is currently sustaining at Year 2017 High. If we talk about the current market structure, the overall context remains bearish. The bearish : bullish candles printed on the chart is 4:1 and even the pullbacks are significantly weaker which tells us that the current support level might be taken out and we can slip down by 30% more to test the level of $13000. Therefore, for now the bearish dominance may continue.
Ethereum market analysis It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move.
We currently have been motoring #Ethereum and to give a brief update as follows:
#Eth on the daily is currently sideways, neither forming higher highs or lows. A break of $1260 could indicate a movement of price towards $1611-1800. This zone is key supply area and will act as strong resistance. We would be looking at selling our reminder of our holdings at these levels. As the chances of it dropping towards 740 - 200 is significantly high in the coming days/weeks. Which is where should this occur , we will be looking at accumulating aggressively at these levels in play for long term holdings.
NOTE: This is not financial advice, please do your own research before investing.