Weekly BTC-USD(24th January)Crypto markets continue to bleed as the total crypto Mcap plummeted by more than ~20% in the last week alone. Uncertainty in Russia and Ukraine also adding more fuel to this fire. Overall, the global markets are also trading in red from the start of this year and due to high correlation between both the markets, crypto markets plunged more than the Equity markets.
On the Weekly TF, BTC formed a big bearish candle and closed the week with more than ~16% declines but managed to close slightly above its 100-WEMA. At the time of writing, BTC made a new low for 2022 and is trading just above $33,500.
As per the current market scenario, bears are in full strength and every move by Bulls is being pushed back to lower levels, lack of bullish strength is mainly due to the continuous liquidations bulls have to face from the last 1-2 months.
BTC is already trading below its crucial psychological levels of $40K, however, the immediate support is present at $32K followed by $30K, but if BTC bears also managed to crash below $30K, then this will result in breakdown of the Double Top neckline structure, this can result in further downswing to continue for more 15% to 20%.
If the bearish trend continues, there will be minor pullbacks to the higher side which can be used to close your Long positions or enter into a new short trade. However, we can expect fresh buying in the range of $29.5K to $30.5K and hence a trend reversal or sideways trend can be expected before we break below the $30K level. The nearest hurdle is placed at $36,000 followed by $38K and then the major resistance at $40K.
Weekly RSI is trading at its lowest level since 2021 and Daily RSI is already in the Oversold zone which depicts that short term pullbacks can be expected in the near term.
Search in ideas for "CRYPTO"
Crypto Fear & Greed Index Goes Boom! Extreme Fear!Bitcoin went on to hit a new low and we are super-oversold on the daily RSI.
We can see here the RSI also trending bearish on the weekly timeframe while the MACD has entered the bearish zone (below 0).
The Crypto Fear & Greed Index stands at "Extreme Fear" and a low 13 points, this is near its All-Time Low.
"Buy when others are fearful..."
Buy & Hold Long.
The stronger the crash, the bigger the recovery that goes next.
The longer that it lasts, the more that Bitcoin will grow in the next wave.
This is just a correction.
We will end up in a higher low.
Bitcoin will grow in the long-term.
Namaste.
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CRYPTO RESEARCH - ALGOBTCFundamentals:
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. It will support computations that require reliable performance guarantees to create new forms of trust.
Chart Analysis:
Consolidating in a range.
Charts posted are for research, don't take blind trades in crypto.
CRYPTO : Target (30%) Achieved in ETHEREUM CLASSIC (ETC)This is follow-up on ETC. You Can check link to related ideas
More than 30% Achieved So far, Target 2 is ON.
Good Breakout with volume in our Target 1 trendline.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TRIAS- Crypto
- Weekly chart
- Signs of start of fresh up-move
- Important levels marked on the chart
- Decent upside once breaks and sustains above ATH
#CRYPTOSo here I found one amazing bullish pattern and kind of inverted head and shoulders we can see over here the crypto currencies are going bullish so According to me we can enter in this trade after breakout of my trendline.
*for who don’t know know how you can trade crypto download Binance or CoindcxGo
Bitcoin Price ForecastCrypto Market has no strong confirmation of reversal.
Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again.
Key SAR level are
R1 / R2 : 36k$ / 41k$
S1 / S2 : 28k $ / 19K$
[Crypto] BTCUSDT 3BB TradePlease follow this idea for buying.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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$BTC BIG PICTUREThanks to the parabolic nature of bitcoin, we will use the log chart in order to correctly visualize the cycles.
First, a short story:
I've seen this pattern drawn back in 2017 , and I was in denial . Not because I thought bitcoin was a dead asset. It was because I had bought bitcoin at $15k, $11k, $7k, $5k - on the way down , not up. So you can imagine my mindset at the time - naïve, new to trading, and I had no idea what I was getting myself in to. My denial was drawn from the fact that everywhere I looked, it was " up only ", " buy the dip " etc etc. My smooth brain at the time thought the drop from $20k to $5k was enough to propel us back up to $20k, where I would sell my bitcoin and make a cool 3x from my average buy price.
As we dropped below $5k and a certain country banned cryptocurrency trading, my heart sunk. Moved everything to cold-storage and only looked for sources of hopium wherever I could find it. Several trendlines that should have held, all broken. Elliot wave analyses breaking down. You can even see a post I made on "Bitcoin's death" dropping down to $3k. I was genuinely afraid that it might go to $0 . Why? Because wherever you look during a crash like that, it's all bad news. And any good news you might see, gets beaten down. Despite my fear, I didn't have anywhere near my entire net-worth invested in this, so mentally I was okay with losing all my money - as you should be - since it's all so speculative.
At this point, we're in mid-2018, and bitcoin makes it's way up to $9-10k, giving you the hope that we're on for another bull run. If you actually zoomed out at the time, it was clear that we were not done yet. I see a chart similar to the one in this post, and I think "we have already crashed to $3k in a matter of months, if we were to follow this chart, we are going down to $2-$2.5k". You have to remember, our brains are not configured to zoom out and comprehend the big picture. If it was, you would not see such volatility like you do in this market.
Fast-forward to December 2020, and we have crossed the 2017 highs of $20k and sitting comfy at $30k+. If you go back and visit the chart, you will see it's all programmed .
2018-2020 Bear Market breakdown:
The top of the 2017 bull-run coincides with the top of the log channel
PA riding the mid-line of the channel from June-October 2018 until it breaks down
Breaks down to $3k towards January 2019, making you think we will touch the bottom of the channel
A drive back up to $14k, tops out at the midline of the channel
The final breakdown to $4k to touch eh bottom of the channel, there-by completing the bear market.
The market is designed to BREAK you. It will do it's best to make you lose. Nobody is giving out free money. This is something you must always remember. Once you understand this, you can conquer greed and truly realize your place in this market.
The PA from Jun-Oct 2018: designed to mess with you. Make you believe that you are riding the middle. The good news piles on, "Bear market ended?", "up only" posts begin. This is where you begin to convince yourself that the bear market is done, and the price market may actually be starting to pick up again. You don't want to miss out on the gains, right? Not again, surely?
REKT .
We are dropping down to $3k bud.
How do you feel now? Ah yes, the classic: "This is going $2k". Why? Because you convince yourself with all the charts, that you are hitting the bottom of the channel; or you have seen "bitcoin to zero" etc. Also, please remember that at this time, The Tether FUD was peaking hard. People were genuinely worried about whether Tether was a scam. Funny enough, they were also exceptionally quiet until recently - conspiracy theory for another day.
So you don't buy bitcoin at $3k, obviously. Despite the number of times you told yourself when it was $20k, "man, I wish I bought bitcoin at $3k / $5k ...."
Anyway, I'm sure you get my point, and I don't need to breakdown every bit of the cycle in detail.
2020-Mid-term Future:
As of today, bitcoin has tested the midline of the log channel, retraced and flipped it into a support (many thanks to TESLA, we may have seen a huge resistance at the midline - potentially starting another bear market).
There is still scope for a retest of the midline of the log channel, which will only make me more bullish.
Here's the weekly chart:
Now that I have presented to you what I believe are FACTS, what's your take on this? Do you think we will fulfill the channel? What is the top? Is there a top? On a MACRO level, there really is no top, in my opinion. The market however, moves in waves / bursts. Of course, this is all relying on the fact that there is some fundamental value to this ponzi - which I think we are way past the point of questioning.
Zoom out.
Cryptocurrency Isn't The Future... Bitcoin 2021! Happy New Year!For those waiting for the future on cryptocurrency, please allow me to burst your bubble.
Cryptocurrency, Bitcoin, isn't really the future... Cryptocurrency is already here.
Bitcoin is here now.
Digital money is already the present.
Cryptocurrency is happening now.
2021 Will be remembered as the year when cryptocurrency made its global debut.
And this will be a great year, financially speaking, for all those that are already involved.
Bitcoin Daily 2021 (HAPPY NEW YEAR!)
Bitcoin (BTCUSD) continues unabated, nothing can stop it.
It continues growing, straight up, more up, give me green, it goes higher.
We are looking at a new high yesterday, today, tomorrow, and every day now.
Remember, cryptocurrency is the present of money, so in this present time, the value of cryptocurrency is very likely to continue rising...
HAPPY NEW YEAR MY FELLOW CRYPTOCURRENCY TRADER!
Stay strong!
The best is yet to come!
Namaste.
#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #SOLANASOLANA
On daily Chart, Rounding bottom formation with descending triangle BO
& Also Resistance level BO and now retracing
With all these seems to bet on Uptrend
If 120 levels sustain then buy for targets of 135-150 in short term
Chance are thr it may further will correct upto 100-110 levels, good to add on that levels also
If downtrend continues then exit at 100 levels.
Also trail SL to maximize ur profit.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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CRYPTO TESTBitcoin is a decentralized digital currency that operates on a peer-to-peer network, enabling secure and direct transactions without the need for intermediaries such as banks or governments. It was created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin transactions are recorded on a public ledger called the blockchain, which ensures transparency and immutability.
Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and control the creation of new units. It operates on a technology called blockchain, where every transaction is verified and stored across a network of computers, making it highly resistant to fraud and censorship.
One of the key features of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in existence, which gives it scarcity and potentially increases its value over time. Bitcoin can be divided into smaller units, called satoshis, allowing for micro-transactions and broader adoption.
Bitcoin has gained significant attention and popularity due to its potential as an alternative store of value, digital currency, and investment asset. Its decentralized nature and security features have attracted individuals and institutions alike. Bitcoin's price is highly volatile, driven by factors such as market demand, regulatory developments, and macroeconomic events.
While Bitcoin has faced criticism and regulatory challenges, it has also spurred innovation in the blockchain and cryptocurrency space. It has paved the way for the development of numerous other cryptocurrencies and has influenced the broader adoption of blockchain technology in various industries.
As with any investment or financial tool, it's important to conduct thorough research, understand the risks involved, and consider your own financial situation before engaging with Bitcoin or any other cryptocurrency.
Bitcoin $31k is not so far follow me !cryptocurrency is right now consolidating its price by not moving high and low
there are close lows and close highs at the moment of btc price
the patience will decide the future results
filtration of risk takers are there
now trading psychology game is there
the best is yet to come
follow me for right and strong direction and the movement analysis for cryptocurrencies
#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #BNXUSDBNXUSD
On daily chart making W pattern with consolidation in last week
Possibility of breakout, good to buy above 45 levels for targets of 50 levels to 53-55 ultimate target
Keep SL of 39-37 levels.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade






















