Cryptotrading
$BTC Daily Update$BTC hahahah😂😂😂 Gave you $18,529 support more than a week ago, last warned about the upcoming $19,003 test on Sep 05. $19,003 support tested and broke yesterday. $18,529 support in effect, Last 4H close with bullish pin could hold current support for a while. Yesterday was a follow through of bearish engulfing close from Sep 05 on 1D chart. Next support at $17,999.
BTCUSD Trading Plan - 29/Aug/2022Hello Traders,
Hope you all are doing good!!
I expect BTCUSD to go Up after finishing this correction.
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
JUST WAITING FOR IT TO BREAK ( ETH is all ready to bleed)from a long time I was waiting for a good entry in Ethereum
now I think we are close to good some really good short positions
the moment it breaks the trend line we will get more assurance regarding the same
I think it has a long way to go down so can get some really good profits
WAITING FOR IT TO CREATE A NEW LOW
THANK YOU
BINANCE:ETHUSDT
BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions.
Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks
The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency.
The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10.
Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
Bitcoin : Price Predictive AnalysisThe above chart of Bitcoin (BTCUSDT) laid out a Cup and Handle pattern (Bullish Pattern) . In a Cup and Handle pattern, the price movement forms a U-shaped Cup and then a subsequent price drift downwards forms a handle.
This pattern in general is characteristic of a Bullish trend. If the price breakout and moves towards the uptrend, the bullish pattern is expected to continue.
Currently, Bitcoin (BTCUSDT) is at $23165( Above the Breakout Level). If the pattern continues on the higher trend, then the price of Bitcoin (BTCUSDT) might reach the resistance level (Measured Length) of $29275, If the trend reverses, then the price of Bitcoin (BTCUSDT) may fall to $21460.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Bitcoin (BTCUSDT).
Resistance Level 1 $23820
Resistance Level 2 $25830
Resistance Level 3 $26850
Resistance Level 4 $29275
Support Level 1 $21460
Support Level 2 $18673
Bitcoin (BTCUSDT) Resistance & Support Level