Bitcoin Price Analysis - 4/5/22Crypto Markets have corrected by about 50% from all-time high and have been consolidating for a while, Price is at a vital support level and the price has to sustain above this level for any upside.
If BTC closes below the lower trendline, we can expect more bearishness and the price might slide towards 33000$ and 29000$ which are the next major support levels.
So plan your trades accordingly. Only for educational purposes. DYOR Before Trading or Investing.
Btc-usdt
Bitcoin in downward trend and expected to test major supports. BTC has fallen below the ascending channel and moving within the red channel. Eventually, it will be testing the thick yellow support which marked the bottom of the downtrends in 2021.
If it breaks and closes below the yellow support line at 36k, the chances of a bear winter increase significantly. Could drop down to 20k to retest the previous high.
NOT FINANCIAL ADVICE
Is it a valid long entry ? Hello Traders, hope you made some decent money this week !
We have 2 Bullish regular divergences at the TF of 4H.
BTC has reached the bottom of it's channel which he has been ranging since 6 of April.
BTC is at is weekly support right now.
So is it a valid entry ?
My humble answer is we need to see a Hidden div at the 1H TF or the 30 TF with a stochastic rsi blue line crossing the red line.
This analysis dosen't reflect on the markets situations.
Definetly also not a financial advice or trade signal.
If you want to see more of my ideas follow me. Thank you, Have a profitable one !
Bitcoin Bullish/Bearish viewUntil BTC taps the 75% retracement with the confluence of support, we will not be looking to go long or short. Longs seem profitable from the price point of $37,000. Whereas, shorts will only be considered once the daily support is breached.
Overall, the H4 trend is still bearish.
If MATIC comes to my entry point I'll Short it#MATIC | USDT
It does look bullish so far, a few resistance to take out, possible final wave till $1.4475 where we will be looking to short it.
- Strong Supplyzone @ $1.447
- We can set limits their as MATIC approaches the zone.
- Invalidation of this pattern above $1.477.
- Correction Waves till target (iii) or maybe more if we doesn't hold.
- Setting up alerts on MATIC
EXMO: BTCUSDT 100 won't happenHow do you like this strategy?
Well, after the New Year, growth again.