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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.
COINBASE:BTCUSD
by TradeDog-Research
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
BITSTAMP:BTCUSDLong
by For3xScalper
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.
COINBASE:BTCUSDLong
by TradeDog-Research
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
Long
by PraneshTrades
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.
DLong
by vikasjournalist
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.
COINBASE:BTCUSDLong
by TradeDog-Research
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 : )
Long
by TheBlackHorse
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
Long
by TheBlackHorse
The Triger so soon for SOL COIN + technical analysis 💲💲💲My Triger For SOL COIN !! ✅ Technical analysis ✅ up trend ✅ Triger area ✅ Target whit yours Risk management ✅ Stop Lose area ✅ HL ✅ Broke Resistance ✅ Strong 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
Long
by TheBlackHorse