Ethereum (Cryptocurrency)
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
ETHUSDTSupply and demand pattern formation on ETH on a 4hr timeframe ! Target should be around 1050$ !
🚫Disclaimer:
🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of Market sudden crash ! This chart is invalid !
Thank you!!!
😊😊😊
NIFTY 50Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SHORT BTC AND RECOVER YOUR CRYPTO LOSSBTC might see a strong sell-off and you can make a profit from this fall
REASONS -
1 breakout of a descending triangle and taking a retest
2 facing good resistance which is also supported by the volumes
3 overall the market sentiment is weak and tomorrow the fed will announce the rate hike
PROFIT the profit could be booked when it takes the support of the trendline
ETHUSD LONG POSITIONHello traders,
Here in ETHUSD prices are now almost at it's support lvl around 800-1000 USD here we can enter for the short term entry with target of 1500-2000$. from the technical analysis it near at 200 DMA which is strong support zone for ethusd @800-1000 USD.
Enter in the trade after today's fed interest rate declared at 23:30 IST.
BUY ETHUSD @800-1000 USD
TARGET 1=> 1300
2=> 1500
3=> 1800
4=> 2000
5=> 3500-4000 USD
SL:- THERE IS NO STOPLOSS IN THIS TRADE AS ETHERIUM IS TRADING AT IT'S LOWEST LVL SINCE 2020 ONLY TAKE THIS TRADE WHO HAVE PATIENCE TO WAIT THIS IS 100% CHANCE OF PRICE REBOUND AS IT'S OLD CRYPTO CURRENCY SAME SCENARIO IN BTCUSD FOR BTCUSD BUY PRICE IS AT 18000-20000 USD AND CAN BE HOLD TILL 30000-50000 USD IN SHORT TERM WITH IN 3-6 MONTHS. Wish you best of luck follow for more updates 😘 Happy investing & successful trading to all.