Anything below $1.5 is good BUY ( #DYOR ) Below red box 📍 analysis get invalid 📌 🛑 stop Expecting target 🎯 $20 ( +1500% / 15x from here ) Important resistance levels $5 & $10 Follow article for future updates 📌 and boosting 🚀 helps me , I was quite busy, so i will submit rest of details in future, so save article / analysis
Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could...
BitDAO, like many crypto projects, went into a downward path from the beginning, a long one. After BIT broke the major downtrend line, an impulse upward wave started. Then the corrective wave followed in the shape of a minor descending channel. Now it seems BIT broke this descending channel and is going up. Let's see how up BIT can go.
The chart shows itself, the choice is yours. An uptrend formed in the chart gives an opportunity to buy here
BitDAO / BITUSD is having the strongest 1day candle since May 15th right at the bottom of the 5 month Channel Down. This confirms the excellent pattern bottom buy opportunity, especially after the 1day RSI made a Double Bottom. Buy and target the 0.5 Fibonacci (like the March bottom rebound) at 0.4545, which will also test the 1day MA50. Follow us, like the...
3Day time frame - Bitdao takes almost 1year to create a potential inversed head and shoulders. Trade with the downtrend getting breakout, and targets as marked. Final target is 1.0350
It is expected to find support around 23,000 and then begin to rebound! I will continue to express my opinions on Bitcoin and update my trading strategies in real-time! Friends who are interested can follow me. INDEX:BTCUSD
Hey guys, a small and easy update on BIT. The primary trend was till beginning of januari downwards. After that we saw a great rally. So whats next? - The price is moving above the 200 EMA. That could act as support. - After weeks we finally broke the 0,60 resistance. - We could see higher levels when we break 0,65. - Volume is decreasing what indicates for a big...
Once again it reaches the supply zone, we expect it to be broken to look for purchases again to position up to 0.8 - 1
BYBIT:BITUSDT.P 4H time frame - According to Elliot impulse wave, BIT is on the path of 5th wave. Take entry from 0.47~0.48 - TP: 0.61 SL can be triggered if uptrend is broken.
BitDAO (BITUSDT) has the same chart as other altcoins and is also following the same patterns... A low hit late December, a strong crash in early November, relief rally in August, etc. Now, BitDAO is moving ahead. It is already trading above EMA50 and even EMA100... Since the altcoins move together... Since BitDAO is going through the same pattern as other...
We have some RSI Bullish Divergence and a Double Bottom at the 3.618 Fibonacci Extension and are currently Breaking out of a Bullish Dragon Trendline and will later be looking to Challenge the Validation Line of a Bump and Run Reversal Bottom.
Setup: BitDao is at its all time low and it just consolidate before breaking down, signaling a further downtrend to come. The volume and OBV low supports this fact as well. Entry: 0.627 Trailing SL/TP: use SAR indicator( currently at 0.668)
BYBIT:BITUSDT 4H trend chart - BIT is breaking out the long-term downtrend line, also overcoming the neckline of double bottom. So we can buy it here with trading strategy as below. - Profit Targets: a) 1.262~1.280-----Fib(1.272~1.382) b) 1307-----Fib(1.618) c) 1.350-----Fib(2) Stop losses: a) 1.153-----Red horizontal ray - If you like this analysis, smash...
Bit seems like wants to repeat the pattern which it did last 3 times , with breaking the raising support line. On Average after we break this key area , we got a 25-30% move to the downside. From moving average perspective BIT was rejected by EMA 55 once again. On the daily RSI we can see that Hidden Bearish Diverge is forming once again. On the daily MACD we can...
BYBIT:BITUSDT 1H trend chart - BIT already hit our 1st TP from my last idea. Congrats if you're following it. - You can hold the rest to until hitting other TPs and can move SL upper if you want. Now, 1H trend is forming a potential cup and handle, and here is the buying timing, so I'm going to provide another strategy as below. - Profit Targets: a)...
BYBIT:BITUSDT 4H trend chart - BIT is squeezing in a triangle, and our resistance is the downtrend line. On the other hand, price is getting support from the uptrend line. So, if BIT can overcome the downtrend line, we can do long with strategy as below. - Profit Targets: a) 1.662----Fib(1) b) 1.731~1.785----Fib(1.272~1.382) c) 1.914----Fib(2) Stop losses: a)...
BIT is in a trading range between the $1.75 and $2.1 levels. Many participants are accumulating their positions in this area. And most of the stop losses are below this zone. Big players can adjust the price below this zone and collect liquidity below it. On the chart, it is worth highlighting the trend line, which acts as support. If the trend line breaks,...