Binace
If you want to BUY Bitcoin NOW, PLZ DON'T!Current trend and market structure:
first time a 4H candle CLOSE above the local resistance
higher lows consistently during past three weeks
less correction with each resistance touch
but the slope of higher highs is lowering meaning it is taking longer to go less high. It WAS more bullish till now BUT ...
Current orderbook Situation:
we are near a new higher high resistance, so it is expected to have more sell taker orders than buy taker orders
since we are in a new uncertain environment, we have almost no major maker orders on the orderbook above or below to prevent the price from going higher (or lower).
If you haven't bought bitcoin before, please don't do it just now! Wait a bit and consider these two long term things:
1- DXY is probably having a double bottom
2- BTC is near a very important resistance on weekly timeframe:
On the other hand, since everyone is expecting 25K, it is a bit scary to follow all! The only problem I have with going higher from here is the volume divergence. As the price is going higher, we are having less and less volume which means less buyers...
About volume:
Although there are a lot of things going on here about the volume since Binance zero trading fee on BTCUSDT ended (volume dropped exactly after that!) and now BTCTUSD has zero trading fee, and a part of the volume from USDT is moved to TUSD pair in Binance (A simple script can aggregate the volume of them to analyze volume better).
But even despite that, the counter argument against volume divergence is the passed time in this area. Usually, we only see big volume on every candle and don't consider the aggregated volume over the passing time.
I don't consider myself eligible enough to post any setup here, just trying to share my perspective in an uncertain environment.
And one more thing, there can be a high possible dump if ever price crosses under the orange bullish trend line...
BTC: The anatomy of a crash!Bitcoin
Intraday - We look to Sell at 18699 (stop at 19261)
We are trading at oversold extremes. We look for a temporary move higher. Previous support at 18700 now becomes resistance. Daily signals are bearish.
Our profit targets will be 17311 and 17011
Resistance: 17000 / 17500 / 18000
Support: 16000 / 15500 / 15000
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Cake - A Breakout is duePancecake Swap token got rejected in area $5, a resistance area formed during the crash of May - June, when the price plummeted to its multi-year low at ~$2.5 price per token.
Over the course of the past 4 months, Cake has been able to grow +100%, pushed by a positive momentum generated from the additional commitment from several investors in the platform and overall solid and steady investor appetite.
In September, Cake broke a long term bearish trend-line in area $4.4 and was attempting to touch the short-term bearish trend-line from April highs before getting rejected from the resistance in $5 area.
Depending on market conditions, would be likely of a minor correction from here to area $4.2 before trying to break out past area $5.
Ethereum (ETH/USD) good call ETHUSD
The second crypto by market cap is in a very interesting graphical situation.
1) The price is channeled in an Down channel, which by default breaks upwards.
2) RSI is crossing UP 50% higher which is a strong buy signal.
3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red box)
4) Found an all-time low at the technical price of $1k which triggered buy orders.
So to summarize we are in two options:
a) That the price follows the broad wave of BTC and Wall Street breaking the Down channel and the existing resistance to attack the all-time highs at $ 5K
b) If the price is rejected near the resistance and the upper band of the Down channel it will look for new lows in the historical resistance of $ 500
LPI.sa
Crypto - Trade SetupMost ALTs haven't tested the main resistance level yet and even though they rejected beneath the resistance still there is a smell of bulls in the price action. Yes not so much interest yet but i'm expecting something more likely upward towards the resistance zone soon. But like i say market emotions change with the time so we must not stay rigid, we need to move along with the market.
Here are the key areas for my trade setup on ENJI against USDT, I'm saying again once the price reaches my zones I'll observe the market emotion clearly then only i get into the trade otherwise I'll look for another trade setup. This is what disciplined traders do so what are you doing ??
My calling : 0.5922
Note : I'll update once the trade setup got triggered!
Disclaimer : I'm not a financial advisor, trade at your own risk.
HELLO WAVES, WE NEED TO SPEAK SHORTLY 60MINHello Waves, We have some unfinished business- Padawan-
Hand me my light Saber
Bitcoin (BTC) Signals for 48% Upside With Target at $61,000It turns out that also today’s price action combined with the values of the indicators on the 5-day time frame gives conditions similar to historical signals of a strong Bitcoin move. Recently, well-known cryptocurrency analyst Eric Krown took a look at this development on YouTube. If the market behaves like it has for the past 12 months, the BTC price could reach the $61,000 area in about 42.5 days.
Bitcoin reached the all-time high (ATH) of $69,000 on November 10, 2021. After that, the price declined for the next 75 days to reach a bottom at $33,000 on January 24, 2022. BTC has dropped 52% since the ATH.
Since the January bottom, BTC has been in a sideways trend, with the price consolidating and higher lows appearing on the daily chart. For the last month and a half, Bitcoin has been in a fairly well respected range between $37,500 and $44,500.
Bitrue introduces ADA as base currency, more to follow2 million ADA has been delegated to pools operated by trustworthy community members
SOL, ETH, XDC, LTC, ICP, AVAX, MATIC, SHIB, GALA, and MANA will be linked with ADA
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism
Cryptocurrency exchange Bitrue is now supporting ADA as a base currency, Invezz learned from a press release. This is not the beginning of cooperation between the Cardano blockchain and the exchange. They have a history of working together.
Binance BNB Weekly Log Elliott Wave Some Elliott Wave thoughts on Binance.
At a support area atm
just hit 1:1 in time 2:4
Did not breach High
Double top
Possible flat
Or other sideways
trend line acting as resistance
EWO fitting
PF is acting as temp channel
and caught the top with some
recations on the .5
BINANCE COIN - SELL ZONE. BUY ZONE.Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy.
The bigger picture is showing us an expanding flat correction and we're currently in the C wave.
SHORT Trade Idea:
- Watch for price to reject the fibonacci levels in our sell zone
- Enter with stops above the rejection
- Take profits around the 230-260 area
BUY Trade Idea:
- Watch for price to come to our buy zone
- Enter when you see bullish price action
- Stops below the lows
- Targets: 650, 880, actively manage the rest
Let us know your thoughts below!
ICP BULISH MOMENTUMWhassup my fellow trades,
Just wanted to share a quick setup on ICPUSDT here, the 12h candle just broke the 200MA, trendline is also broken to the upside, you can enter at CMP and take some profits fon the fib levels:
TP 1 : 72
TP 2 : 100
TP 3 : 124
On a fudamental prespective i think ICP is a good project with a strong team and is currently in the top 25 in coin market cap and the price looks undervalued at the moment.
On that note let me know your thoughts on the projects and what you like and don't like about this coin
Cheers!!!
THETAUSDT LONG SPOT KUCOINr/r with first target is about = 1.5
but you need money management in this trade because of my stop loss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
DOGE In Route to $0.69 Pattern RecognitionFrom what we are seeing here, $DOGE has broken resistance and is on its way to $0.69 based on historical patterns. Watch the video and feel free to leave a comment below.
Happy Investing!
Also, sorry about the back and forth in the video, I was trying to keep it short but that didn't happen.
MITHUSDT LONG IN BINANCE RISK/REWRD RATIO WITH TP1 IS : 2.5
YOU CAN SET A "BUY STOP LIMIT" ORDER ON THE TRIGGER PRICE !!!
AFTER THAT SELL 50% OF YOUR POSITION ON TP1 AND UPGRADE YOUR STOPLOSS TO YOUR TRIGGER PRICE AND WAIT FOR TP2 OR MORE ... IT MEANS : RISK FREE !!!!
JUST LIKE AND FOLOWFOR MORE ... 8D