Bullish on BTCReason why im bullish in this market is as we can see on the chart we building same scenario as in 2020 when we dropped down to 4K on RSI indicator we are on same level as in 2020 as well. We slightly touched 200EMA what usually means buy signal in a bull market straight after pullback. We also holding nice Fibonacci i would say key level of 0.618 which is around 29K. So lets see whats gonna happen in next fev days.
Bitcoin-trading
Bitcoin is not experiencing a BEAR, it will only....When a trader has purchased an asset in the form of a coin, it is rare for them to open their knowledge that the state of the chart is returning to its support (not BEAR MARKET). Bear Market for #Bitcoin is if it crosses the 12K limit. When Bitcoin experiences a slight decline, my twitter notifications will very often sound like garbage news from influencers saying the situation is BULLISH (but not explained in detail that the actual situation is bullish DIVERGENCE or bull FLAG) This is just looking for support to keep the market strong & protect their only assets. Why not just say the worst? remember we in every business we have to think about the worst thing first, and when the worst thing happens then we have to add to our coin assets.
NOTE: Every time you experience an increase, the price must return to the support first
JASMY - THE BTC OF JAPAN - ON WAY TO NEW POINTSTHis project with the old worker of SONY as CEO - looks to get into new points.
And as we did add in before updates - This coin can become a trend in Japan - as some call it also the Coming BTC of japan.
The project work on different parts, one of the important parts are the IoT blockchain.
Targets
The first expecting target - 0,015 , 0,02 0,10 with the high long term 1 USD goal.
This can be used as a DCA project - and all the above txt are not fiance advice, make sure you study by yourself always the trend.
BTC FIB Channel - Will History Repeat & BTC Rally?Hello Traders, here is my analysis for BTCUSD.
Before I start I want to mention that the stock market had a terrible day today. For Walmart it was the worst day since I believe the 1980's, for the Nasdaq the worst in a couple years. BTC is currently closely correlated to the Nasdaq. So even if BTC looks strong from a technical standpoint but the Nasdaq has a bad day, BTC will follow and dump. This is making it very difficult to judge what BTC will do... I am doing my best to try and focus more on using the Nasdaq as my gauge for BTC instead of just BTC by itself. - I just wanted to fill you guys in, so keep an eye on the Nasdaq and tech stocks.
- Also be cautious right now and trade with small positions until BTC stabilizes.
First, not much has changed from my analysis yesterday. BTC still continues to trade within the current range.
- One important thing to note is that BTC retested support at $28.6K and as of this writing has gotten a small bounce from that level.
- If this level can hold that will be a very positive signal for BTC.
On to the analysis... I'm going to keep this short for tonight.
As you know BTC is currently trading within a parallel channel, I spoke about this in my post yesterday.
- One of my favorite tools is the FIB Channel tool.
- As you can see it really brings the chart to life and shows us the FIB levels within the channel.
- This tool is great because we can use it to find confluence between different FIB levels in the chart and we can see how price has interacted with those levels in the past.
- If you notice, each time price either entered or hit the bottom of the channel price rallied at minimum to the .786, on one occasion breaking through.
Essentially:
- 75% of the time that price hit the bottom price hit the .786 FIB
- 25% of the time price broke through.
***Of course nothing is guaranteed in trading, but if you are in a long position you can use this to help determine a max upside target if BTC was to bounce off the bottom of the channel.
- The .786 level actually nearly intersects with the "ascending trend line" which yesterday I stated was my max upside target for BTC during a pump.
- One thing to note was that from the bottom of the channel to the .786 at minimum took 2 weeks to hit, sometimes taking as long as a month.
- So if this was to play out it could take a few more weeks.
That's it, I will keep everyone update as always and best of luck trading.
Bitcoin Trend Analytics May 18th - profit from long and shortBTC is still consolidating within the downward channel.
The consolidation range is $32682.35 - $27516.29, centering $29699 - $30365.79.
Today is likely to see the price go up first and then drop down.
You can draft your strategy with the help of the target points above.
Contact me on Twitter if you have any questions. :)
Safe trading, and welcome chatting.
ZKTUSDT hidden gem on Layer 2. Major updates are here!Fundamental Analysis #ZKTUSDT
zkTube has Rebranded to ZKTMETA :
Key Takeaways
By merging its metaverse operation systems with its industry-leading Layer-2 network, ZKTMETA is turning the dream of a rich metaverse into the average consumer’s reality
The project is all set to facilitate metaverse games with the sophistication of epic proportions thanks to the raw power, affordability, and security of its Layer-2 network
At the same time, it’s empowering creators by laying the groundwork for them with the metaverse operation system. This will undoubtedly accelerate the pace of innovation as more and more creators bring their diverse imaginations to the table
The potential of ZKTMETA is already being realized in the form of its first metaverse game known as MetaTube.
1.Building a Metaverse Operation System on Layer 2
2.Why Layer-2 is the Right Choice ?
3.The Future of Metaverse is Here
4.The First Metaverse Game on ZKTMETA
Checkout their official twitter updates @zkTubeOfficial
Technical Analysis
1.Breakout from 13-21-55 EMA and retesting the level and show's perfect time to enter.
2.Breakout from descending triangle and retesting shows momentum .
3. Etherscan shows major coin holder's are accumulating in dip.
#ZKTMETA #ZKTUSDT #metaverse #blockchain
BTC/USDTMore than $30 billion flowed into the cryptocurrency market late last week, triggering a significant rebound across most digital assets.
Bitcoin bounced off the $26,660 level to reclaim $30,000 as support. The sudden upswing came as a surprise to many as investors remain fearful over the stability of the stablecoin market following Terra’s UST collapse. Still, the flagship cryptocurrency appears to be positioned for further gains.
To confirm the optimistic outlook, BTC must slice through the $31,225 resistance level.
Breaching such a critical resistance area could encourage sidelined investors to reenter the market, pushing Bitcoin to the next interest zone at nearly $35,000
THIS IS NOT FINANCIAL ADVICE / IT'S JUST MY PERSONAL OPINION
BTC/USDTD1 was close below 30 k
Today we will hit target 27 k and if we can break it in my opinion we can face 24 k soon
I do trading in short term and based on patterns so don't use my analysis for long term/ just take advantage of the market and leaveeeee ;) DON'T BE GREADY
use stop loss
THIS IS NT FINANCIAL ADVICE / IT'S MY PERSONAL OPINION
its update of my longterm oponion on bitcoin hi friends .. u can see my old idea in the link
i think bitcoin is on the midline of longterm chanel again..
and we have to see what will the react to this area this time..
One more BITCOIN Push?Hello Friends,
Here we look at the falling wedge of Bitcoin. If we break and close the current resistance level we will look toward the top of the falling wedge with trailing stops for a potential break to the upside.
We will continue to play the falling wedge pattern as it is holding well.
If the current strong support at around 37K is broken we will look for short positions to ~35K and lower.
Happy Trading!
Bitcoin Trading at important Support Level in LTF#Bitcoin Lower Time Frame Update:-
$Bitcoin Currently trading at $38000 level.
Now $37000 is strong support.
If not sustained this support then we can see Big Down trend.
And HTF $32900 level is HL level.
So If $32900 break then We can see $23000 also.
Big Pump or Dump Coming soon so Safe your Positions.
Bullish Divergence in LTF.
Bullish Breakout Point = $39400
Bearish Breakdown Point = $37000
Put Stop loss if you already Opened Long Positions.
Bitcoin Rises to $43KThe crypto market today is mainly trading in the mix with bitcoin, the world's largest cryptocurrency, trading at $43,443 at the time of writing.
Bitcoin’s dominance is currently 41.33%, an increase of 0.34% over the day.
The worldwide crypto market capitalization is currently £1.96 trillion, increasing 0.68% over the last day. Whereas the total crypto market volume over the last 24 hours is £96.92 billion, which makes a 9.25% increase.
BTC/USDTBitcoin continues the downward movement and breaks below the $40,000 area. The next good support is the $38,500-$39,000 area and BTC needs to hold above this level. Global markets also show downward movement because of the FED interest rate increment news. We will see high volatility in the next few days.
This is BTC D1 time frame pattern
I do trading based on patterns and zones
Just keep eye on the chart for the next move
USE STOP LOSS
THIS IS NOT FINANCIAL ADVICE
BNB Trading Setup Road to 1000$ ?? Recently CZ tweeted about burning BNB and so it has shortened the BNB supply which will evenly increase the demand. Right now most of the crypto projects are based on BNB , so it is much likely expected the price to increase.
By the end if the market remains bullish then it can easily reach 1000$ mark.
Please Like, Share and Comment.
Bitcoin Prediction Of Price Movement For the next 1-2 weeks!I believe bitcoin will repeat previous price action movement (shown with blue circles). This can only happen if price can break and claim the first level of resistance (bottom purple box), from their it make continue to come up to the resistance level at 46500-47000 (top purple box), or it may reject at the 44500-45000 resistance level (middle purple box)
April 22' Micro Bitcoin Futures Positive DivergenceRecently, the CME April 22' Micro Bitcoin Futures contract witnessed a positive MACD divergence.
The low on April 11 was repeated on April 12 (Shown with green arrows).
However, the MACD (Moving Average Convergence Divergence) was higher on at the same price level on April 12, than it was on April 11. This is called positive divergence.
The 12 period (in this case 30m) EMA began to gain strength vs the 26 period (again 30m) EMA, as the futures were weakening. This is a signal that the downtrend may be changing.
The trade was initiated after resistance was broken, denoted by the green horizontal line. Here you had a break out above resistance, combined with the strengthening MACD.
$42,300 is the next logical target, with $44,000 being the final target, as it was previous resistance.
MACD Education:
Developed by Gerald Appel in the late 1970’s
Useful in trending markets because it is unbounded
MACD Line = (12 period EMA - 26 period EMA)
Signal Line = 9 period EMA of MACD Line
MACD Histogram = MACD Line - Signal Line
Convergence occurs when the MA move towards each other.
Divergence occurs when the MA move away from each other.
Typically the 26 and 12 period EMA are used
Oscillates above and below 0
When MACD is positive, the shorter average is above the longer term average
Signals when it crosses from below to above the signal line
Histogram was developed by Thomas Aspray in 1986
Signals MACD above or below signal line