Dump
Poc rejectionAs btc was near the supply zone it got regected by the poc and it is returning.
The rejection was very strong and now that the supply zone is tested i think btc can continue to move down.
Bitcoin DipBitcoin got a dump pump 'n dump today. I believe it's due to macro economic factors. Nevertheless as I posted on Twitter already, dips like this can happen. A dip of 10% is nothing compared to the dips that occured in the last bull cycle. We've seen a lot of greed in the market and it's something to really take care off.
I'll remain bullish in the short term if we can stay above 4H EMA's (where the green line has been drawn). Keep in mind the EMA's (of course do move) if we get a candle close beneath the ribbons I'll become bearish in the short term
And since it's dipping it may be nice to buy some additional crypto :)
BTC movement in continuation to update dated 21 Sep 2021
Time frame- 4H
Exchange- Binance
Coin- BTCUSDTPERP
Chart includes the following Indicators
1. My own Custom Indicator - " Raptor Super Indicator "
As per the above indicator composition:
The current price level is already below EMA-13, EMA-21 & EMA-200 => Highly Bearish
The current Parabolic Support and Resistance levels shows downward movement => Bearish
2. Yellow thick trendlines shows a breakout from the downtrend of yesterday, now moving sideways in a range bound manner as depicted in a Rectangular region. => still bearish as in downtrend movement.
3. Gann Fan Indicator Support area in which the current candles lies - at support of (line 8/1)
=> In negtive zone(bearish), if it's price breaks this Gann Fan support Line price along the move, then BTC will enter in a Highly Bearish zone that is below line 8/1 and can further go down till the price Support level S2- $36192 as shown in the chart by PIVOT indicator (Horizontal Support and Resistance Lines)
4. Fibonacci Retracement Indicator: The last Price support level - $ 37291. The current movement shows that the Bitcoin price might come to this level, if not may be retraces back upward from - $ 37500.
My overall Technical Analysis says highly bearish , I may be wrong, but it may have a chance to go upward from current Gann support line otherwise doom is here tonight. We know the expected scenarios, now just have to be safe in this dump if it comes.
Not a financial advice. Do your own research before investing . Do not trust me as the username says.
Cheers and Happy Trading Fellas....
BTC movement after Dump in continuation to previous updateThis time I have made some trend lines over it's movement and it's looking to breakout the channel in which it went down.
A Leading Diagonal in the 15M BTCWe can see a leading diagonal in few upcoming hours which can see some dump in
AXS Rally Coming to an END!!!BINANCE:AXSUSDTPERP
AXS is one of the coin in which most of the traders are constantly looking for a short position, cause you know it pumped like crazy. But, the problem is that it goes down for a little while, then again it pumps heavily. This is because market structure is still Bullish. Hence, I am going to tell you when to Take a Short Entry. As you can see its moving in a Rising Wedge Pattern on 2 HR Chart, there is a Divergence and Symmetrical Triangle on the RSI and Lastly the PI CYCLE Indicator (mostly used in Bitcoin Charts) will soon declare the top.
ENTRY: On the Exit of Rising Wedge (Stay Aware on this point as we might see a bounce here)
STOPLOSS: Above Previous Swing High
LEVERAGE: x5 MAX
TAKE PROFIT: On the Horizontal Price Levels, which are Previous Supports.
This is my First Published Idea. If you Appreciated it, then click the like Button. If you Have any Query, be sure to ask it in the comment section.
Will Soon put more updates Regarding this Coin.
THANK YOU & GOOD LUCK!!!
*Not a Financial Advise.
An expected correction I do beleive Bitcoin has seen such a straight up performance it's hard to say if it'll have the 20% correction that's needed to keep moving along at a healthy and not parabolic rate but Im thinking it'll reach down to the support levels of about 25k maybe not and only 26k so thats the target 26k
Kava/btc update . bearish double top appearing in 4hr chart.be careful while HODLers. BTC on the rise. bad signs are up. watch out
Coin Market Cap Analysis by Crypto EarningsCoin Market Cap Analysis by Crypto Earnings on 1 week chart. Both the situations are mentioned as market can breakout upper side then we can expect Bull run. If CMC breakout downwards then BTC can Dump upto @2800 level
BTCUSD 4H COINBASE CHART, CURRENT SUPPORT/RESISTANCEVERY LOW VOLUME AND BROKE THE TRIANGLE, CURRENT SUPPORT AND RESISTANCE.
WISH YOU SUCCESS....
