BTC levels 30K is a crucial level for BTC. A close below that can lead to 28k levels which are the major major levels. Below that can be a start of a proper bear trend.
Cryptotrading
HBAR-USDTHedera Hashgraph after gaining exponentially (~13 x) in the first quarter of 2021, has been caught up by the bears. Since then, bulls have not been able to take out their All-Time High of $0.36 (March 15, 2021).
With the bears tightening their control over the markets, promulgated by the backdrop of Bitcoin, it resulted in a tectonic shift in the sentiments of the crypto markets, thereby, the altcoins too plunged massively with the giants of the crypto markets.
HBAR is currently trading at $0.17, ~60% down from its All-Time High. It has been trading in a Descending channel formation, the extreme limits of the band currently present at $0.096 and $0.24 respectively. Currently, it has been hovering around its middle band which is currently present at $0.164.
The immediate support to the lower side is present at $0.165 followed by $0.14 while HBAR may face resistance at the levels of $0.21 followed by $0.25 if it decides to trend higher.
ETH - Long 1. Trendline support respected , View invalidate if support line is broken
2. Current in the larger wave 3 and is in the strong support zone.
Most Accurate Trendline Chart of BTCUSDT Check out this chart, all supports, resistance, and trendlines are respected by BTCUSDT. If you like it then follow me for more.
BITCOIN--> Long trade inside a downtrendThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
BITCOIN--> Another 30% fall incoming? The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
bitcoin trader ready for next rundear crypto lover plase not and ad alreat for next trade thid is a perfact entry for next
COMP-USDTCompound- the torchbearer of the Yield Farming has established itself as one of the prominent names in the DeFi ecosystem. Being one of the early projects in the DeFi space, Compound has garnered in trust and reliance of the users that have contributed massively to the growth of the DeFi ecosystem.
At the of writing, Compound has locked in $7.01 Bn in its liquidity pools, from which, $4.46 Bn has been distributed as Outstanding loans which make up 63% of the TVL present in its protocol.
On the Daily Time Frame, BTC after hitting its All-Time High of $911 has retraced to 0.886 Fibonacci level, thereby marking its 2021 Low of ~$197. Since then, Compound has given an impulse move and is currently trading at ~$520.
As Compound has gained ~150% from its 2021 Low, it is a high probability that COMP may retrace a bit from its current levels. The immediate support to the lower side is present at $410 followed by $370.
On the higher side, the resistance to the higher side is present at $570 followed by $660. Compound holds enormous potential to be among the topmost lending protocols and thereby grow the investors’ wealth magnanimously.
Is BTC ready for a rally in coming days
As per my view we are getting ready for a rally in BTC.
Good News for Bitcoin Bulls
Bitcoin related stocks have been slowly grinding higher over the past few weeks.
This action has shifted the charts of many of these stocks from bearish to bullish.
And, that’s good news for bitcoin bulls. Because, if the stocks do indeed discount the future price of bitcoin, then it looks like the King of Crypto could soon start to rally.
RIOT and MSTR, shares of TSLA have enjoyed a nice rally over the past six weeks. And, the moving averages on the chart have shifted into a bullish configuration.
This sort of bullish action in bitcoin stocks suggests that the price of bitcoin is more likely to be higher than lower over the next several weeks.
It’s not a guarantee, of course. But, the bearish action in the stocks two months ago warned us of the potential for a steep decline in bitcoin… and that’s what we got.
Now the bitcoin stocks are suggesting the King of Crypto is setting up for a rally.
Best regards and good trading #mx
BTC-USD( Long Term Analysis)Bitcoin made its new ATH of $64,899 in the April month of this quarter but bulls were unable to hold the gains and succumbed downside due to the negative sentiments initiated by a negative Elon Musk's tweet and China ban news. Total Market cap after peaking at $2.5 Tr in May to $1.3Tr at the time of writing, it dipped by ~48% in this quarter.
The flagship currency, Bitcoin has witnessed its worst quarter in terms of Dollar loss, it retraced more than 40% in Q2 and formed a strong bearish candle on the Quarterly TF.
On the monthly TF, May month candle turned the positive trend into a bearish trend as BTC witnessed a 35% decline in the same period. In the month of June, it made a new recent low of $28,800 but retraced upward and is now sustaining above $33,000.
On a weekly TF, BTC has been consolidating for the last 6 weeks in the range of $30,000 to $40,000, it tried to breach the support at $30K few times but bears haven't been successful in doing so yet, therefore the support of $30K is very critical in deciding the future trend. On the higher side, the immediate resistance is present at $36,000 followed by the major resistance at $41K.
On a Daily TF, BTC has already witnessed a Death cross i.e negative crossover of 50 and 200-DEMA and has been trading below its major EMA's.
RSI is showing minor positive divergence with the price from the last 2 weeks, which mildly indicates a pullback to the higher side can be expected. Since the current trend is still sideways, therefore confirmation is much needed for the price movement ahead, On the higher side, BTC has to sustain above the level of $41,000 to reverse the ongoing bearish trend.
High time for crypto traders Can have a fresh buy above 37,250 and target 45500+
If there is breakdown short below 33300 and tgt 23300+
Invest in steps and always wait for confirmation. Stick on to one statergy and Follow the rules strictly.
BTC-USDBTC continues to be trapped in the ongoing tussle between bulls and bears. Even after its recent breakdown to make a recent low of 28.8K, bulls showed an impressive buying strength from that level to close the last weekly candle at $34.7K, it recovered ~20% from this low. It formed an indecisive candle with a long lower wick that shows strong accumulation in the market. The CMP of BTC is sustaining above $34.5K
On the weekly TF, BTC s still holding its 50-WEMA placed at $33.7K from the last 6 weeks, it has tried to breach this range multiple times but none of the weekly candles has closed below this range until now, which depicts that accumulation is going on at the lower levels. Below this support, the next potential support is present at $30K, followed by the next support at $28K.
The sideways trend is currently lying in the range of $32K-$36K. The immediate resistance is presented by its 20-DEMA, placed at $35.2K.If we get a decisive breakout from this level, the next significant hurdle is placed at $38K, followed by the next major resistance at $40K.
On-Chain indicators are also depicting mixed signals. BTC’s mining hash rate hits its 13-month low whereas, in the last 30 days, long term hodlers have accumulated almost 579,940 BTC to their holdings while short-term have reduced their holdings by 521,983 BTC.
Therefore, it is evident that the current market structure is clearly in rangebound trend and breakout from the above-mentioned levels will confirm the move ahead.
BITCOIN SUPPORT 33525 RESISTENCE 35788BITCOIN SUPPORT 33525 RESISTENCE 35788
LONG IF REVERSE FROM 33500 OR ELSE SHORT TILL 32350
last 5 red candles quantity is very less as compare to 4 previous green candles.
UPTREND.
THETA-USDT(Descending Channel Formation)Theta aims to decentralize video streaming, data delivery and edge computing ecosystem and is on a mission to make contemporary video streaming more efficient, cost-effective by means of an inclusive monetization model whereby viewers receive better quality streaming service, content creators enhance their earnings and video platforms save money on building infrastructure and get a chance to increase advertising and subscription revenues.
Being a blockchain, Theta allows Dapp developers to build their projects on top of its blockchain. At the time of writing, the Current Market Price of Theta coin is $6.96. Theta has witnessed a 24 Hr volume of $473.6 Mn and 61.5% of the total circulating supply is staked on the network. These stats encourage the investors that the nodes believe in the growth of the network and builds trust among the investors.
On the Daily Time Frame, Theta has been trading in a downward trending channel whereby on June 14, 2021, Theta gave a False Breakout from the channel, it faced resistance at the level of $9.7 and is back in the channel at the time of writing.
The immediate resistance to the higher side is present at $7.85 followed by the level of $9.65. If Theta gives a daily close above the level of $9.65, it may move higher to the level of $12.2.
The support to the lower side is present at $5.81 followed by $4.69 respectively. Theta being corrected to 0.786 Retracement level from its All-Time-High presents an Investment opportunity if it comes down to the support levels.
Weekly Analysis of BTC-USD(22nd June)Bears continue to dominate the crypto markets as almost all the major crypto assets fell by more than 7% in the last week. BTC formed a weekly bearish candlestick pattern with ~ 9% decline, also, BTC witnessed is its 6th consecutive week of institutional outflows. However, it is still holding the $30-$31K support zone and at the time of writing, BTC is trading slightly above $32.5K.
BTC also witnessed a ‘Death Cross” on the Daily TF and when this happens in the last bull rally of 2018, BTC further dipped more than 25%. On the downside, the nearest support zone is placed at $30K-$31K, if it decisively closes above the $30K, a further downswing rally is most likely to continue till the next support at $28K, followed by the next significant support at $25K.
On the positive side, BTC is still holding its $30K support for the last 4 weeks, and also, it is making higher highs from the last three times. The immediate hurdle is present at $33.5K, once it breaks this level, the net potential resistance is at $36K, followed by the next level at $38.5K.
Weekly MACD is also entering into negative territory whereas Daily MACD is also giving a bearish crossover, both indicating bearish sentiments to prevail in the coming sessions. However, the breakdown below $30K will act as a confirmation for the further bearish movement.
ADA Chance for a BreakoutDue to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. There is many chances for a breakout to the upper side but there is a little possibility for a breakout to the lower side of the triangle
MATICUSD ( POLYGON ) Chance for a BreakoutDue to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. There is many chances for a breakout to the upper side but there is still a little possibility for a breakout to the lower side of the triangle
