Cryptotrading
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.
BTCUSDT potential (60K TARGET) if we break 50k with level 2BTCUSD has been known to give 2 levels to the downside and 3 levels to the upside and we have already got 2 levels to the downside which tells we are going into mark up phase remember we have already completed level 1 and we could get a retrace to 4 hours 50 ema if market makers want to shake out some retail traders, we can easily breach 60k if we get 3 rises to the upside. Peace
PROSETH Trend Analysis & Trade Setup !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
[Atom/Cosmos]To The Moon🚀On 1Hr Time Frame We Can Clearly See A 🚀 In Atom So If The Price Touches the next support area which is around $28.95 So at this price i will open a long position with izzat wala leverage & Mendatory Stploss / So if u want to take trade u can take at your own risk with your own research and take a Of Decent profit So Byy If u have any quiery u can comment below. BINGBON:ATOMUSDT
CARDANO PRICE ACTION ANALYSISCardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD.
Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support.
If the supply zone breaks, the target would be XABCD bearish crab pattern's 1.618 fib extension i.e., 3.38.
Put stop loss level at 2.47.
Happy trading :)
This is just for educational purposes.