BTC Is set to initiate it's upward leg to +70K
This has been a very boring BUT healthy move by BTC since the new set ATH.
All my previous TAs stand valid to the date meaning:
BTC playing at the range 55K-57K with the potential to hit 53K which is a bit shy of 50% retracement/correction of the previous upward move to the ATH.
Wave count and trend exhaustion seem to be in place and now A massive divergence in Short Term Volume and Price Oscillator. Summary
Buy at a break of 60670(Buy Stop) or buy at a maximum pull back at 53500K.
It is also very much in line with this signal of mine back in July 2021.
Btcbuy
Mbox exploding soon Hii everyone i am starting my best gem series again so today i will be talking about Mbox as it is all set to make high very soon i am expecting it to hit 7-8$ before december. Buy level is 3.6 and target would be 7$ target2 will be 10$ and sl to be set at 3.1$ once we break 4$ we are unstoppable. Good luck
Bitcoin still Bullish ??Hii crypto lovers i am posting my idea after very long time hope you are all doing great what i am expecting right now is if we manage to close above yellow zone we are bullish & can again hit 65k but if we close below it we will hit 54400 which will act as support for adding fresh buys and incase it fails to hold next buying zone will be 49800 and target will be 55k-62k i am expecting consolidation from 50k to 65k for 1 month now and expecting to make new ATH or fresh lows during December so what you can do is go short at 65k range and go longs at 50k range. Good Luck
Btc bear flag, history repeating itselfHistory is repeating it self, btc is about to go down and this time below 44k, analyzed btc charts from 2012 until now, and the movement is same, but different price range.
This time when btc falls below 200ma, it's not going cross up again. It might try for short time but it will fall again,
The algorithm written for btc repeats it self, no matter what is happening, news come in after the movement, just to cover manipulations from btc bots and exchanges that make the movement and of course earn money for exchanges.
I'm not talking about the delay that news can have, I'm talking about when something happens, not when published. It's understandable that news come out 30-60 minutes later.
Technical are overheated,
Rsi is in red zone for btc
no volume at all and rise happens, which scares me, and tells me disaster is waiting to happen.
Macd going into red zone
A lot of sell pressure, which tells me whales are booking profits, and then they will send btc down, it's easily done by margin trading if you have volume. They will buy at lower prices. Below 30k zone to average out, and have a run to 100k.
Nothing can be done, just be happy to buy lower
I think this bull run is over, it doesn't have that strength like previous bull runs, it had the strength like previous relief rallies.
Also btc jumping above 200ma and closing there, then falling below 200ma and closing there, and after above 200ma. It's same movement as relief rally, when ever real bull run happened it crossed 200ma and never closed below it again, to the point when bull run finished
I'm coming out from long positions, not going to risk my money for a 1000$ change in btc. Not worse the risk.
Climbing up is hard, but coming down is easy. You saw that yourself. When I was warning before that it will drop from 50k range. 48500 is good enough pull back in order to go more down and break resistance at 42k. You can see on order ladder or order book, there are practically no orders until that level to stop the fall. I wonder why whales don't put orders there, but only put big sell orders!?
I will go short ith small margin until 37k, it big supply zone. It will jump up from there, then I will short it again
Good luck and safe trading
Not financial Advice, recheck my analysis and make a decision, I hope you make the right one
Bitcoin still bullish???HIi crypto lovers today i will be talking about bitcoin if its still bullish or we may see any drop further soon. so if we check my chart we are at 46400 levels which is acting as resistance for now if daily or h4 close above 48800 we may see price hitting 60k usd again to form another cup & handle pattern before dropping but if we kept on ranging at this area we may likely to see a drop upto 42k again if daily or hr today close below resistance . if daily or h4 closed below 42k next target will be 30k for bears and if we closed below 30k possible we be hitting 19k-22k but if we closed above 48800 go long for target 60k and you can short 60k for target 50k and we see overall performance above 42k is strongly bullish and forming pattern in cup and handle and please dont ignore divergence we might see fat drop at 60k. Good luck
Bitcoin next 49000$ divergence trapHII everyone as we can see a divergence in this h4 chart so most trader are expecting price to drop based on divergence but i am seeing something different we are at 60.57 RSI and i am expecting RSI to hit 86.57 to make this divergence unvalidated which will take Bitcoin price to 49000$ until then i dont think we will see any drop so if you are short selling bitcoin be cautious because all i see is bitcoin hitting 49000$. after that maybe we will see some sell off so i would suggest going long above 39000$. GOOD luck
SXP is heading for another bull rally hiii crypto lovers i was going through my check list and realised sxp has broke the resistance and now its a free bird flying towards 3.5$ if breaks next target 5.14 for long term i am seeing it hitting 12-16$ by next year feb. Best possible entry could be 1.99 if it dropped but i dont think it will before hitting 3.55 so its right time for long entry is what i believe. GOOD LUCK
is Bitshares another Matic!!!hiii everyone in my gem coins series i will be covering all the powerful coins & tokkens so lets talk about bitshares we have broken out of bearish trendline and it is heading towards .045 levels that could act as resistance and if broken next target would be .0530 but overall we are super bullish now and i am looking to long now and keep my position on hold until we hit .1$ to .3$ which hardly going to take 2-3 months. GOOD LUCK
Could BTCs bottom be in?Based on this chart, it is clearly obvious that BTC is primed for a large leg up. it has created a falling wedge, which is a very bullish indicator. its last drop down perfectly touched the bottom trend line of the falling wedge. BTC is very close to breakout and once it does, it has the potential to reach new highs.
Weekly bitcoin analysis. When to expect meaningful price moves!Chart Overview
This is a weekly chart (BTCUSDT) on BINANCE. I've set up Gann price/time lines which represent potential resistance and/or support points.
The Blue lines are 4 Gann boxes (with the 1x1 price/time equation) attached together to create a giant Gann Box.
The yellow lines represent potential pivotal points which follow the 50% or 0.5 price/time points. I created a massive Gann box aligned with the assumption the price we will make an ATH (at least before the 12th of June 2013) and that we are not heading down into a long endless bear market. The box begins on the 12th of April and ends on the 12th of June 2023.
The boxes are created from squaring the chart from the extreme low to the extreme high, the process can be a little tricky but once down can provide a very helpful framework to evaluate price which i'll get to in detail. I've also set retracement points nd extension points. We can see 4 potential pivotal points the 0.5 retracement point ($34318.07) The current ATH ($64854) the 0.5 extension ($95389.94) and a 1.0 extension ($125925.87).
Analysis
The price is caught between three strong pivotal points right now:
a) The 0.5 retracement
b) The top Gann line (extending from the ATL)
c) The bottom Gann line (extending from the ATL)
The 0.5 retracement has proved to be very strong support, since the initial crash in may, we have closed above this point every week, this week would be the 8th if the price makes it.
We can see the top Gann line is showing strong resistance we've closed below this point every week except once on the 7th of june but it was only a brief close and most of the price action was below this line.
We can see the bottom line has yet to be touched, the longer we move sideways the more shallow the drop will be.
As we continue to travel in this range, the price begins to converge to the 0.5 time point which is the halfway point of the first box (comprising the combined four boxes).
At this point would be around the 25th of October. The price will likely make a meaningful move before this point but this would mark a potential new phase of price action.
The blue boxes mark strong pivotal points in price in which breakouts either up or down can occur.
Conclusion
The price is locked in this range for now until the end of October at the very most. Before this point keeping an eye on these three points (a,b and c) will assess where the price is going, if we stay above the (c) line we can expect price to gradually creep up until the end of October, at this point we would have established a very solid support zone and most likely will be heading up. We've dropped from the (b) line but if we start retesting this in the next week or two we could see a much sooner breakout reaching the current ATH much fairly quickly. Once we break the ATH the next major resistance point would be $95389 and then $125925.
Let me know what you guys think, is this the time for patience and long-term thinking or jump ship and hope the price drops to buy back cheaper. IMO we're in for more sideways movement and it could be very risky to sell and reenter at a lower price. What do you guys think would love to hear your comments?
*Disclaimer: Not professional advice, just opinion, please do your own research before investing any of your money.
BTCUSD 1H Long/BullishBTCUSD 1H Long/Bullish We recently started seeing nice movements to the upside, we took our profits at the top resistance area since we had confluence from a Fibonacci Retracement, POC, and Range Mid. We took a short position at the resistance and went straight down to our first strong support area at the 0.382/0.618 of a Fibonacci Retracement (also haves a Fibonacci Extension 0.618 that I didn't mark on the chart). Now we just saw a Retracement that ended PERCENTLY at our 0.328/0.618 Fibonacci Retracement Confluence so we closed our short and entered a long, I don't know for sure if we will have resistance again at the Top Resistance Area (With the Fib, POC and Mid Range confluence) or if we will break it so once we reach that level I will be taking some profits and watch the market very carefully! Traders Gain Losers Complain!!!!!
ETHUSDT and DOGEUSDT Technical Analysis
Welcome back Traders, Investors, and Community!
Here on ETHUSD the price has broken above the Bearish Trendline and it has got couple of rejection at the Bullish trendline. The first TP for the price would be 2220.0 and the second would be 2458.0
DOGEUSDT had formed a Bullish Flag and it has broken above the Bullish Trendline of the Flag which is a sign of Bullish trend.
The first TP would be 0.280 and then we would have 307.0 and 350.0
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Bitcoin next 54000hiii everyone hope you are all doing good . i am expecting bitcoin to hit 52-54k within next month. if we check on monthly chart we are at 50% fib correction so i am expecting price to close above 50% which is above 34250$ and if it does it is good support to hit back 50k area but incase we closed below 50% we would likely to touch 618% area at 27128$ or go for 786% area which is 17k as stop loss hunting before hitting back ATH 100K levels that is according to monthly chart but if we check on 8h we are in bull dominated area and lot of orders are accumulating in these areas even if we check on previous we are at same level so we would see 47500 again before falling and if we manage to break and close above it next zone is 54k .
⚠️ Lets See How BTC Might Move Next ? ⚠️A quick technical analysis on BTC to be able to have an idea how it will move in the coming days/weeks. We provided with all possible scenarios, so have a look at the video to understand more what might occur.
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Looking for possible moves in BTCUSDFirst of all : I see 3 cases in BTC :
1)BTC is doing a V correction and is going to the upside and will mark a top in the 72-85k price range and after that a correction of about 40-50% will likely happen based on historical runs of 2013 and 2017 where BTC has crashed at a steep pace after marking its top and retracement back to about 70% or (in fib 70.2) where most alt coins complete their bull runs. Some alts finish along with BTC based on historical data .EG : LTC,DASH,BCH,etc.
2) BTC is doing a ABC correction and will go down as deep as 35k and will see a reversal and will move upward as mentioned in point 1 .
3) BTC has marked it's top and is on a correction and may go as low as 30-35k price range and do a final retracement to about 55-58k price range where reversal will happen .However i find this very unlikely but again it can happen .
IF BTC played out like expected then i expect BTC to bottom down between 10 to 14k price range.12k USD price is what I'm seeing as bottom.
I stay entact to what I said in previous ideas and the data mentioned here is in reference of those ideas.
#These factors rely on BTC topping out during the 70 to 85k price range based on the 2013 bull run.
#Consider this invalid if BTC breaks 100k USD
#DYOR
#This is not investment advise