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Cryptotrading

Weekly BTC-USD(1 November)Bitcoin closed the October month on positive sentiment, it appreciated by ~40% and formed a strong bullish monthly candle with a new ATH of $66,999. However, on the weekly TF, BTC has been trading in a sideways trend in the range of $58K to $64K from the last three weeks. The overall structure is still looking positive and further buying strength is most likely to continue in the coming weeks, but small corrections or cooldown periods will continue to emerge as we move to the higher unchartered territories. The recent rally is supported by institutional buying and not only by retail users and this can be seen by the fact that there is no major dump in the prices after making a new ATH. On the lower side, the nearest support is present at $59K followed by the major support at $55K. As per the Elliott Wave formation, it seems BTC has already completed its third wave and is now on its way to complete 4th correction move, but the way it is sustaining above $60K, it seems bulls are in no mood to close the weekly candle below $60K which give quite a bullish outlook moving forward. On the higher side, the immediate resistance is present at $64K, once we have a decisive closing above this level, the next potential target would be $66K followed by $68.5K.
COINBASE:BTCUSDLong
by TradeDog-Research
Bitcoin USDT price action analysisHere's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone. This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally. However, if the price crosses the 67K mark we can see the uptrend to be resuming again. Happy trading :) This is just for educational purposes.
by Sanjan91
BTC USD PRICE ACTION ANALYSIS. This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level. Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long position. If the fall continues, then go long at the demand zone. The target and stop-loss levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
COINBASE:BTCUSDLong
by Sanjan91
Weekly BTC-USD(4th October)BTC closed its monthly September candle in the red territory and formed a bearish Doji kind of candlestick after 2 consecutive monthly gains. However, BTC posted a strong green candle in the Weekly TF with 11.71% gains. BTC market dominance is continuously trading in a sideways trend for the last 4 weeks. At the time of writing, BTC is trading around $47,500. On the higher side, the immediate hurdle is placed in the range of $49K-$49.5K. If it breaks this level decisively on the weekly basis, the next resistance is present at $51.5K followed by the $53.5K. On the lower side, BTC has been trading in a range of $47K to $48.5K for the last 4 days, if the support of $47K is broken the next potential support is present at $45.3K. Overall, on the larger TF’s, the trend is still sideways to bearish, however, once we get a decisive closing above $50K, then the trend will turn in favour of bulls. But, the breakout from the upper and lower level will confirm the direction of the trend.
COINBASE:BTCUSD
by TradeDog-Research