This sort of intruments will require a different approach but yet price action will help.
As you can see below 29.000 and 28.000 market is not interested to hold so then sell strategies are preferred below 28.200 to 28.000. Below 28.000 sell pressure will continue down to 27.800 and 27.500. Attention to fridays´
On observing chart pattern, from 19500 level, step up pattern is found. It is bullish pattern. We should maintain our bullish view till BTC breaks 20200 level.
If, BTC crosses level of 20600, we will see a good bullish momentum.
It is basically chart pattern analysis without using any indicators.
It is only for the education purpose.
Hello Friends
Here we had shared possible Elliot wave counts of BTCUSD bitcoin which are aligned from weekly to daily and daily to 4 hourly, so conviction is getting more stronger due to alignment of multi time frame's wave counts.
From the starting point of BTCUSD we had tried to plot wave counts and it's showing that we are now near to complete correction phase...
Detailed price prediction of Bitcoin, OP, AUDIO and KNC coin
BTC is currently sitting at 22800 we can see price pump upto 23700 and maybe more rising, lers see how price reacts there
apart from this knc, audio and OP is showing good upward movement
Optimism (OPUSDT) is showing signs of a potential bullish trend, suggesting a possible long position opportunity for traders.
The cryptocurrency has recently broken through a key resistance level at 3$, with strong volume supporting the upward movement. This breakout indicates that the market sentiment is turning positive, and the uptrend is likely to continue in...
dYdX (DYDX) is displaying signs of a potential bullish trend, indicating a possible long position opportunity for traders.
The cryptocurrency has been consolidating in a narrow range for a while, with price action forming a double bottom patttern. A breakout from this pattern has can be seen soon, with strong volume indicating a high likelihood of continuation of...
Aave (AAVE) is showing promising signs of a bullish trend, suggesting a potential long position opportunity for traders.
The cryptocurrency has recently retested local support at 4H 200EMA, This retest indicates that the market sentiment is turning positive, and the uptrend is likely to continue in the coming hours.
Aave is a decentralized finance (DeFi)...
Bitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000
Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and...
GALAUSDT has been in a consolidation phase for the past few weeks, with the price range between $0.046 and $0.048. However, there are several bullish signs that indicate a potential upward move in the near future.
Firstly, its sitting on major support and all EMAs are acting as support as well
Furthermore, the recent bullish news surrounding the project could...
After a period of consolidation, GTCUSDT is showing signs of a potential bullish breakout. The cryptocurrency has formed a strong support level around the $2.20-2.30 mark, and the price has been consolidating within a narrowing range over the past few weeks.After a period of consolidation, GTCUSDT is showing signs of a potential bullish breakout. The...
Here we have shared possible Elliot wave counts of ETHUSD (for educational purpose only) which are suggesting correction for very short term and this correction can be used as good opportunity to go long for further trend which is expected post this correction, the invalidation level of further up move can be low of previous wave 1 which is pegged at 1071.50, if...
Bitcoin is at support level. The risk is less if we enter on the support line with a stop loss.
The Risk to reward ratio is good.
There is a possibility of death cross which makes the stop loss more important.
This is only for educational purpose.
I spend good amount of time in analysis and feel happy to share it with a large group.
Weekly analysis for,
DXY - It may see correction of 3rd of the 3rd wave
Gold - It may give correction of the uptrend
Bitcoin - Does the new rally begun?
S&P500 - ABC Correction is unfolding.
#dxy #gold #bitcoin #SNP500
For every market condition, there’s a trading strategy that can profit from it. CEG happen to be really good at reducing average acquisition costs, directly increasing your profit margins from each trade.
