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J-BTC

BTC/USD - Weekly OverviewBitcoin started 2023 on a positive note as the price level formed a rising channel pattern on the chart. Considering moving averages, MA-10 is trading above both MA-20 and MA-50, which is again a positive sign for the world’s largest cryptocurrency. The RSI level is also showcasing an extremely positive nature with a breakout to the overbought region. At the same time, this may also suggest that we can witness a profit-booking momentum for BTC in the near term with the level exhausted at 77.91. Overall, BTC is yet to break above the crucial resistance levels of $18K and $20K, respectively. In case of a turn of events, it can have support at $16K and $15K, respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/USD - Quarterly Overview (Q4'22)The last quarter of 2022 turned out to be the most damaging one for the world’s largest cryptocurrency. As the price level was able to maintain sustainability above the crucial support level of $18K, the collapse of the centralized exchange, FTX, resulted in a bloodbath in the overall market conditions. Thereafter, BTC suffered a new 52-week low of approximately $15.5K. Since then, the price level did not climb above the psychological mark of $20K ever again. Due to the downside, the price level of $18K has become a major hurdle for Bitcoin to break above. It did test the resistance mark during December but was unable to break above. Considering the current momentum, since the start of 2023, Bitcoin is forming a potential rising channel pattern that could retest the resistance present at the 0.382 FIB level. Until then, we can expect the world’s largest digital asset to move in a consolidating nature. Otherwise, a breakout above $18K can be a potential signal for bullish momentum in the near term. The support levels for BTC can be placed around $16K and $15K, whereas, the resistance levels can be placed at $18K and $20K, respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
Nifty Buying at Demand areaAggressive entry model because we will enter without confirmation. pros: Small Stop loss and High reward Cons: Does not need to respect the demand area and it may break it Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating.
NSE:NIFTYLong
by Mo-Kri
BTC/USD - Weekly OverviewThe new year started off quite well for the world’s largest cryptocurrency as BTC was up by 1.30% in the past 24 hours. The price level had developed a temporary support zone around $16.5K through which it is looking at the potential to test the resistance zone above the 0.236 FIB level. It must be noted that BTC has not been able to break above the 0.236 FIB level and maintain sustainability thereafter. A breakout could be a significant indicator that Bitcoin can commence the year with significant bullish momentum. Supporting the hypothesis are RSI and MACD levels. The RSI level is showcasing positive nature on the chart while standing at 53.74. The MACD level also had a bullish crossover below the histogram with a green bar formation. If the levels are able to climb above the histogram, we could witness a significant positive momentum for Bitcoin. Overall, the resistance levels can be placed at $17K and $18K, respectively. The support for BTC can be placed at $16K and $15K, respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/USD - Weekly OverviewThe past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level. The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level The MACD level is still attempting to cross above the histogram. Overall, BTC is facing significant resistance at $17K and $18K thereafter. On the support side, $16K and $15K are the levels to watch out for.
by TradeDog-Research