This 2 hours Chart Needs No Words. Its time to breakout !While looking at different intervals, 2 hour chart has some surprises. Here, take a look and do your own analysis.
Cryptotrading
Weekly BTC-USD(22nd November)After making a new ATH of $69,000 in the previous week, BTC witnessed a massive profit booking last week which caused BTC to close ~15% lower from its ATH level. It formed a big bearish candlestick on the weekly TF with a more than a 10% decline to close the week at $58,671. At the time of writing, BTC is trading slightly above $57,200.
As per the Elliott Wave formation, it seems BTC will be completing its 4th corrective wave in the coming days and further selling pressure can be witnessed. Currently, BTC is trading in a very crucial range of $56,000 to $59,000. On the lower side, the nearest support level is present at $55,500. However, if this level is broken, further downside swing is most likely to continue till the level of $53,000.
On the higher side, a strong sell wall is present above $65,000 as none of the weekly candlesticks has been able to close above this level. However, BTC has decisively broken the support of $60,000 now and this will act as the immediate crucial resistance for the way up, if bulls manage to close above this level, then further upswing rally is most likely to continue till the previous ATH levels.
As per the major TF’s, the overall trend is still strong and currently, BTC is just completing its Elliot Wave structure and also strong buying can be expected from the Fibonacci retracement level of 0.618 which is present in the range of $51,500 to $52,000, therefore, these corrections are a part of the cycle and provide traders with a new opportunity to go long.
BTC USDT Perpetual Future BTC USDT Perpetual Future Making Flag and pole target can be lower zone for short
Bearish Flag on hr Time frame BTC USDT Binance
This is just an analysis and not a trading call/signal
ALICEUSDT gearing for a solid breakout!inverted head and shoulders in alice coin indicated a possible big upmove!
DOUBLE TOP a final correction before MEGA BULL RUN
double top formation
RSI decreasing
weekend low volume (fake pump)
btc fall will be equivalent to height from neckline to top
Doge is forming a good flagFlag pattern is spotted. Breakout above 0.236 will give it more momentum.
Skrumble Network BreakoutThis crypto has broken out with good volumes and Retested in daily candlestick chart, and may rally further. It is a small cap, so this trade is of high risk and due caution is advised.
Risk Reward Ratio - 2:1
SL placed below 200 EMA & Target near ATH.
DYOR.
SOLUSDT daily demand + 50EMAAfter the recent fall , Solana is at the daily demand zone followed by 50EMA and trendline confluence . A good buying zone would be around 197.5 , SL below the hourly low at 176
Bitcoin (BTC) headed for $53,000 & $48,666.BINANCE:BTCUSDT
BTC has broken $59,500 which was its previous breakout level, the same level which was later acting as a support.
So clearly after that level broke the next support we see is at $53,000 ($53,013) if u want to be precise. If BTC breaks $53,000, we will be heading to $48,666.
BTCUSD Trading Plan - 18/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect BTC to go UP after this correction is finished.
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
ZILUSDT Swing TradeZilliqa Coin Swing Trade Idea :
All important levels are marked on chart.
Higher High Structure in progress.
Can be traded with sl of 0.09162 (17%) for target of 0.15137 (38%), R:R ratio is 1:2.2
trade on your own analysis.
Happy Trading!
BTC - Needs to hold $60,500, otherwise $58,000 is nextBTC has been trading between the given trendlines in a 6-hour chart.
If the present candle is unable to close above $60,500, it could be headed down to $58,000.
Weekly BTC-USD(15th November)The crypto markets witnessed a profit booking towards the end of last week, with the flagship coin BTC getting dipped by ~4%. BTC managed to close the week in green and closed the week with 3.47% gains and even made a new ATH of $69,000. The sell-off is mostly triggered by the fears of earlier Federal Reserve Interest rate hikes which overshadowed the awaited Taproot upgrade.
BTC started the new week with mild gains of 0.41% and at the time of writing, BTC is trading slightly above $65,500. The past week’s closing of $65,505 is the highest in terms of weekly closing. On the higher side, BTC has strong resistance placed at $67,000 once this level is breached the next potential hurdle is present at $69,000 followed by $71,000.
With the trend going higher, the support levels have been also shifting higher with the nearest support level present at $62,500 followed by the support presented by 50-DEMA which is placed at $59,300.
The overall trend is quite bullish at the moment but on the contrary side, weekly RSI is showing divergence with the price and minor corrections or cooldown periods can be expected on the way up, but these corrections should be considered as buying opportunities.
ETHEREUM / USDT MARKET STRUCTURE PRICE ACTION ANALYSIS This a market structure based price action analysis. As we know currently bull run is going on in CRYPTO UNIVERSE everyone is mostly bullish. But we as trades or investors who are out here should not buy random coins at random price by looking at someone or watching out any meme. So to be a part of this bull run in CRYPTO UNIVERSE it's better be stick to the best coins and find the best entry's possible to gain the maximum profit out of it. So here I am sharing my analysis on ETH/USDT which is purely based on market structure and price action analysis and also includes some smart money concepts.
As this is a trend based trade the maximum return can be gained on trading at long side.
But as we all know no one knows what's markets gonna do. The only thing we can do is managing our risk and position size.
The best entry will be around value entry zone. Everything else is explained in charts.
Hope you enjoy the analysis 👍
- Pranesh Sahoo
BTC Breakout, Retest and Reversal BTC has broken out and Retested in the shorter time frame and reached a reversal in the longer time frame. As we are bullish on the general trend, so we can enter a long trade.
Risk Reward Ratio - 2:1
Target near swing high. SL place below trendlines and support zones.
FTT crypto coin FTT crypto coin given very good triangle breakout ...and also retested its support ..expecting good targets of 70,75 in short term
cardano ada structure buildupAfter the break up and good up move of 7-10 percent
it has started consolidating again between 2.233 to 2.375
look for long don't short as it is creating structures and they might act as support and make the short trade choppy
if incase 2.375 range is broken out and sustained nicely then next zone of trading will be 2.400 to 2.600-2.650
just another trade setup after triangle breakout
Worth a lot more than an $IOTA $IOTA bottomed out at $0.6 and has taken strong support at $1.00. It has been accumulating within a Bullish Pennant and looks set for a breakout.
Buy above $1.43 with Targets of $1.6, $1.75 and $1.95.
DASH Chart Pattern: On the Verge of a Possible Breakout?# KUCOIN:DASHUSDT Dash is consolidating for long after steep correction $273 USD to $ 223 for more than 2.5 months. It even touched the low of $144 USD.
On the daily chart, it has recovered significantly since then. As evident from the above chart, the consolidation seems to be coming to over as symmetrical triangle pattern seems to be completed.
The Rate of Change Indicator on both 9 days, 25 days and 45 days is above zero line which shows that momentum strength has started building up.
William’s Alligator lines is looking to converge smoothly and green candles have crossed this convergence of three lines. There is a good possibility that Alligator may wake up and open its mouth, which is a possible signal of price rise.
And most importantly, the Hurst Time Cycle line ( as shown by the white perpendicular line) has also fallen exactly at the place where three seems to be converging exactly at the same place signifying that time has come for a possible breakout.
So, on the Dash Chart, the platform is set and you should be looking for it.
On the hourly chart, #Dash has already given a solid breakout as evident from the chart.
Weekly BTC-USD(8th November)BTC continued its bullish momentum for the third straight week. After consolidating in the range of $60K to $64K in the previous weeks, it has given a fresh breakout and at the time of writing, it is trading around its ATH of $66K. BTC formed a bullish hammer kind of weekly candlestick pattern which depicts that bulls are going to dominate the charts in the coming weeks. The combined crypto market cap reached a new milestone by surpassing the $3 Trillion mark.
On the daily TF, after a brief consolidation for more than 14 days, BTC has given a fresh breakout and is currently trading very close to its ATH. On the higher side, the immediate hurdle is present at $67K. If we get a decisive breakout from this level, the next potential target would be 69.5K followed by 71.5K.
On the lower side, BTC continues to sustain above the level of $60K as none of the last 5 weekly candles hasn’t closed below this level which depicts that strong buying strength is present in this range. The nearest support is placed at $62.5K followed by the crucial level of $60K.
Weekly RSI is showing slight divergence with the price and is around its overbought zone of 70 which depicts that small corrections and cooldown periods can be expected on the way up. Majorly, the overall trend is positive and the small corrections can be a good opportunity to take new long positions.
MY TRIGER FOR XRP COIN + TECHNICAL ANALYSIS 💲💲💲My Triger For XEP COIN !! BINANCE:XRPUSDT
✅ Technical analysis
✅ up trend
✅ Triger area
✅ Target AREA whit yours Risk management
✅ Stop Lose area
✅ Broken triger Resistance
✅ HL Buyers whit RSI
⚠️ Save to watch list and cheak the triger area before you take the risk ( volume its very important)
⚠️control yours Risk management
🙏it's only my idea and its not for Recommendation for any action
🔞INSTA #max_gelmel THANKS TO MY FOLLOWERS ;)
FOLLOW FOR MORE ANALYSIS !!! ITS MAKE FOR ME DO MORE : )
The Triger so soon for DOT COIN + technical analysis 💲💲💲My Triger For SOL COIN !!
✅ Technical analysis
✅ up trend
✅ Triger area
✅ Target whit yours Risk management
✅ Stop Lose area
✅ Broken strong Resistance ( THE LONGER A BASE TO HIGHER A SPACE )
✅ HL Buyers whit RSI
⚠️ Save to watch list and cheak the triger area before you take the risk ( volume its very important)
⚠️control yours Risk management
🙏it's only my idea and its not for Recommendation for any action
🔞INSTA #max_gelmel
