BTCUSD D1Price is moving within a bullish channel, & has formed a double bottom at the bottom of the channel. Since then the bullish momentum has been strong, & price is currently attempting to breakout of the range. A new high towards the top of the channel at 70K-72K is anticipated to occur next as the demand for crypto is rising once again.
Bitcoin-usd
Which way will the compressed bitcoin spring open ???Hello dear friends
-------------------------
Which way will the compressed bitcoin spring open ???
Well, friends, to answer this question, let's go and take a look at our previous analysis.
Please see this
And then see this chart
Well, back to the chart of this analysis
The price in the triangle pattern is squeezing more.
A dynamic resistance line is seen in the price range and a very strong static resistance in the 41K range.
And the bigger trend, which is still negative.
The result is that in my opinion the probability of ascending from this area is not zero, but the probability of descending up to 30K is stronger.
This is an idea, and all ideas in the financial markets are likely to be wrong.
***********************************************************************************************************
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Nifty 50 Ready For A Rally? Medium Term Analysis + Trade Ideas ---> Is Nifty 50 (Indian Markets) Ready for a rally? Will Markets stop correcting? Has the short/medium term bottom been made in the market at 15700?
Nifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions, etc. The market has corrected nearly 16% from All-Time High and now it is looking to bounce back after touching 15700.
As the problems look to ease across the globe and as all international markets are recovering. Nifty50 has rallied from the bottom and has broken out from the trendline it has tested multiple times. This breakout is a crucial factor for the bulls to stay. This breakout can cause a rally in the near term but for the bulls to continue we need fundamental factors to be positive or at least neutral. It looks to also take out the 200 EMA which will also act as a support in the near term.
Therefore it's time to go long in Nifty. Check out my other stock ideas too.
LONG @ 16870
SL @ 16400
TARGET @ 17680
RISK REWARD RATIO -1.75:1
If This Rally Sustains, Fundamental Factors like Geopolitical tensions, Rate Hikes, crude prices, etc. Get Resolved and other resistances are taken out, we can expect 15700 to be the bottom and get ready for another bull run for the next few years. The Valuations of many stocks have also cooled down and are now fairly or undervalued.
So it is wise to deploy money into investing in good quality companies.
But any negative news or deteriorating economy or fundamentals can trigger a further crash. As for now, markets are bullish and bears might exit after a long time. Even if the markets go down by a bit. Quality Stocks will find their way back up.
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Kindly Checkout my view on the current bull run in S&P 500 which I have attached below in related ideas.
BTC - DAILY UPDATE MONDAY: BTC is Still into breakdown trend Hello trading friends,
This is a daily update depending on the last trends.
Bitcoin is still into breakdown trend - this also depends on TA.
Dow jones shows until now a stable trend - where there is also an expecting for breakdown trend.
As long the trends in Ukraine and Russia do not change - this could give an effect on markets.
As we did add in before updates there is a high chance for a breakdown trend - also depending on the ETN tool we could see soon a trend below 36K.
Data:
Bitcoin goes on its way and it can take some time before it shows the real effect.
When Dow jones starts to break down more - BTC will follow.
Have a great day.
Bitcoin ready for pump ??Bitcoin ready for pump ??
In terms of the rules of technical analysis This is a possibility. Provided that the price can be stabilized above 40 k.
Over the past 48 hours, Bitcoin has shown that, contrary to some analysts, male bulls have not yet lost their power.
The formed correction can confirm the pattern of the rising flag after stabilizing the price above 40 ka.
I highly recommend updating your analysis at short intervals due to the highly volatile market conditions to reduce the likelihood of your trades being vulnerable.
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Stochastic Retracement Lines
Welcome Back
Please support this idea with LIKE if you find it useful.
**********************************************************
Hello....
after I tested this new indicator a lot .. and i found it very useful to find the best key lines on the chart I decided to share it here....
the indicator is depending on stochastic momentum to collect the strongest lines on the chart and draw the lines depending on it ....
and I found this stochastic retracement on this level:
0.9
0.5
0.2
0
-0.2
-0.5
-0.9
and this levels can lead us to get that confirmation to open our new positions....
===========================================================================
and it works with all time frame ....
How is BTC today ???Hello dear friends
Well friends, if you followed our analysis yesterday, you could get a great profit from the price dump. I suggest you see it again.
And how did the price behave today ??
Well, as we expected, the price reacted to its strong local support level, and the 12-hour candle clearly confirms this.
And the most important question is what the possibilities will be in the coming hours and days.
My idea is clearly shared in the chart for you, which I hope will be useful to you.
Explanation: I think if the price can stabilize above level B, it would be a great confirmation to start Wave 5 from Wave 3 with a target range of 61K and then have a big downtrend.
The very important point is that if for any reason the 12-hour candle is closed under PRZ support. We will probably see a strong dump up to 30K. So be sure to set the stop price.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
What does BTC think?Hello dear friends
Well, my friends, in response to my question, I shared my idea with you. I hope you find it useful.
some notes:
1. Today, I saw in many analyzes that we were talking about the reverse pattern of the head and shoulders. I had talked about it in the analysis two days ago. And now I think this model can not work due to the serious resistance of the price.
2- It is true that the bit has moved up a bit, but in daily time frames and even 12 hours, it is still the main downward trend.
3- According to the rules of counting in daily time, the price is in wave 4 of the recent downtrend, and in the market, usually and not always, we see 5-wave trends. So I am still waiting for wave 5.
4. A review of trading volume and fundamental indices still does not signal the beginning of a new strong trend.
5. The macroeconomic and political parameters governing the global economy are not in a position to help pump financial markets. The issue of US interest rates and Russian military tensions are two important issues.
In the end, this analysis would be invalid if the price could break the downtrend with a strong daily candlestick.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
BITCOIN RUNNING 920 PIPS IN PROFITSince I uploaded this analysis on my channel 2 weeks ago, Bitcoin is now running 920 PIPS in profit for me and my investors!
Check out my page or scroll below to see the Bitcoin short analysis which I uploaded and let me know if you agree or disagree. Follow my page to keep up to date with all the latest analysis.
BTCUSD SHORT TO $24,000This here is my sell analysis on Bitcoin for the coming months. We have seen a sharp sell off since November until January, where market finally found support at $33,000 and completed Wave A. We have started retracing to the upside now, as sellers have started running out of momentum so we need a liquidity grab in order to carry on down. I am now expecting Wave B to complete anywhere around $46,000-$48,000 before we see the next leg down towards $24,000 in order to complete Wave C of the correction phase.
Drop a like if you agree with my analysis or let me know if you have a different bias! I will be uploading more analysis on my channel so make sure to follow in order to keep up with all the latest updates.
BITCOIN LONG TO $40,000This here is the current BTC trade we are in, inside the Crypto Fund. So far running in 200 PIPS profit with another 370 PIPS to go😍 Everyone inside the Crypto Fund is profiting from this move. We've had a great start to the year with Crypto's, by profiting from all the downside movement & now the longs🦾
BTCUSD 8 HourPrice has reached broken support looking left, forming a new lower high here which aligns with the descending trend line. Personally, I am anticipating for price to make one more leg lower to the higher timeframe key level support, where a reversal may occur & buyers may step in to take control again around 30K... However, if price makes a breakout to the upside of this region price is stalling, then we could see the market shift & for buyers to keep pushing price higher.
The inverse correlation between BTC and the US dollarThe inverse correlation between BTC and the US dollar is striking through the last months. DXY has held the green trendline strongly and after the FED FOMC meeting from yesterday made a strong breakout from the symmetrical triangle. The next important resistance for $DXY is near the BRN $100 so it still has some upside potential!
Difficult to not see BTC going lower in this situation!