#BTC/USDT 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 4Hr UPDATE !
in previous update as i told you if BTC breaks $24200 then BTC can bounce a lot from here if BTC closes daily above $24100 then this chart will be invalid
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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Btcforecast
BTC Daily TA Neutral BearishBTCUSD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash . * CPI REPORT WATCH . In line with the recent enforcement advancements that were promised by provisions regarding cybercrime in the Consolidated Appropriations Act in March 2022 , the US Treasury Department has banned US citizens from interacting with Tornado Cash (a crypto mixer service) due to national security reasons stemming from its history of usage by a North Korean hacking group called Lazarus. The CHIPS Act finally got signed into law today but it didn't help semiconductor stocks much as most of them finished the session lower along with the broader market. VIX, Gold and Treasuries are up as the market prepares for tomorrow's CPI report at 830am EST. Key dates this week: COIN earnings at 530pm EST 08/09; 4th GDPNow US Q3 GDP estimate at 10am (EST) 08/10; CPI at 830am (EST) 08/10 ; Disney earnings 08/10; and PPI at 830am (EST) 08/11.* Price is currently trending down at $23.1k after getting rejected at $24180 minor resistance for a third time in three weeks, though seemingly bearish, if Price is able to defend support at the uptrend line from 07/18/22 (~$22k) then an Ascending Triangle formation would be valid. Volume is Moderate (high) and fairly balanced between buyers and sellers over the past few sessions. Parabolic SAR flips bearish at $22641, this margin is bearish. RSI is currently trending down at 53 after being rejected by the 50/50 uptrend line from November 2018 (as resistance) at 57 resistance, the next support is the uptrend line from 06/18/22 at ~50. Stochastic is currently crossing over bearish just above 55.55 support. MACD is currently trending sideways at 313 support, there is a slight tilt to the downside but it's almost perfectly neutral which indicates that this is a critical resistance for Price (also reflected in Volume Profile). ADX is currently trending sideways at 18 as Price is trading sideways, this is neutral at the moment. If Price is able to break out above $24180 minor resistance then it will likely retest the descending trendline from November 2021 at ~28k (as resistance). However, if Price continues to trend down here, the next likely target would be a retest of the uptrend line from 06/17/22 at ~$22k . Mental Stop Loss: (two consecutive closes above) $24180 .
#BTC/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 4Hr UPDATE !
As we thought BTC might bounce which didn't happen and breakdown happened but the way BTC is bouncing again and again in triangle pattern we expect 100 MA near triangle pattern also support BTC bounce from here could
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 4Hr UPDATE !
Bitcoin is now trying to break the $24,500 resistance level. As we said the market is bullish and almost all coins are in green. If BTC is stable above $24,500 then we see more upward movement in the market. The support remains the same.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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Bitcoin on H12 - when is it going up?If you look at the H12 chart, then you will see that a channel of blue lines is emerging. The price movement may well follow the pattern of Wolfe waves. Thus, the fourth wave will start somewhere at the level of 20,000 - 20,400 USD. (POC for horizontal volumes is around 20,300 USD). Also, the Stoch RSI is currently supporting the price decline.
Take into consideration the fact that point X on the red line (local minimum) occured as a result of a sharp fall from the local maximum of 32,400 USD. The angle of point X relative to the 32.400 USD point is too narrow. This factor offers supports to the formation of point 6 according to Wolfe waves.
In general, Bitcoin is at an accumulation stage, where the flat may last another 2-3 weeks. Therefore, the price rise to 28,000-30,000 USD may well not take place until point 6 is formed. However, it is worth tracking the price movement on 4H, 8H, 1D. Afterall, this is a market! Everything is possible!
#BTC/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
As I told in the previous update, you can read further in BTC's it is going on
As we can see at the above mentioned chart after a sharp rejection from upper resistance trend line BTC moved to south by 3% and again able to recover towards north and currently facing the resistance level again.
As BTC is suffering to break above which is the most necessary rally above.
Break above will lead BTC towards its upper price level of $25k and rejection will again lead it to drop towards lower support levels.
Let’s see how price perfumes in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
#BTC/USDT 1Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
As we can see at the above mentioned chart after a sharp rejection from upper resistance trend line BTC moved to south by 3% and again able to recover towards north and currently facing the resistance level again.
As BTC is suffering to break above which is the most necessary rally above.
Break above will lead BTC towards its upper price level of $25k and rejection will again lead it to drop towards lower support levels.
Let’s see how price perfumes in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
DeFeye BITCOIN Mid to Long-Term UpdateHappy Weekend Traders, Investors & Gamblers 😃
Today I will look at the key price levels and idicators above the current price range, on the weekly chart for Bitcoin, and don't worry I know there is a lot going on on that chart so I broke it all down individually below 👇 In the coming days I will look at the bearish scenario if Bitcoin was to slip below the current bottom.
Trend Lines (Falling Wedge):
Support:
Here we need to note that the previous strong support leading back to September 2021 has now turned into Bitcoins highest resistance point right below 25.000$ that will become even more interesting when we look at the alignment with a key Fibonacci level that will follow right below.
Resistance:
The resistance of the falling wedge lays right below 30.000$ to about 27.500$ depending on how long Bitcoin will take to break above, we also have to note the perfect alignment with the Bull Market Support Band which I included in the picture below.
Fibonacci:
Here we have the smaller retracement coming from the 48.000$ March top down to the current bottom (Pink), and the larger retracemnt coming all the way from the current 69.000$ November 2021 ATH also down to the current bottom (White).
The .236 Fib. level on the Smaller (pink) retracement is BTC's highest resistance point within the current range. That price lays right below 25.000$ and is in perfect alignment with the previous trendline and support of the falling wedge that we looked at earlier.
The next step from a Fibonacci retracement perspective would be to reach the 30.000$ area where we see alignment between two key Fib. levels , the .382 on the smaller pink retracement and the .236 entry level on the larger white retracement. A break above would also confirm a breakout from the resistance of the falling wedge
200w SMA:
Current Support just below 22.900$
Historically a major support and bottom price indicator for bitcoin, previously BTC has only fallen below it on three occasions , in 2015, in 2020 and now in recent weeks. Historically BTC has gone on to rallies that lead to new ATHs everytime BTC managed to close a weekly candle back above it and confirmed the breakout with another bullish candle. Therefore we are now looking for Bitcoin to follow up with another bullish candle close and a minimum price of at least 23.400$ after breaking back above the moving average last Sunday. (See below 👇)
Confirmation Back Above 200w SMA:
First Time (October 2015)
Followed by 2017 20.000$ ATH
Second Time (March 2020)
Followed by current 69.0004 ATH
Third Time ??? (August 2022)
Conclusion:
The first step for Bitcoin is to confirm support back above the 200w SMA and to break through the resistance in the 25.000$ area.
After that the 30.000$ region is key to confirm a trend reversal and to get back above the bull market support band which for many defines the start of a bull market .
Of course there are mmany key levels above, and I will break them down for you guys once they become relevant.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys!
Happy Trading ✌🧡📈
Bitcoin = 31k or 11k?Please look at the chart in a different way, this is based on trend analysis, bottom and top searching and the fundamental analysis everyone should do to see more insights of the price movement. The price is always catching up to its true value #longtermview
Cost of mining one bitcoin is apparently around 13000$
#BTC/USDT 1Hr UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
Bitcoin is forming a falling wedge pattern and is on the verge of a breakout. A falling wedge is a bullish pattern that usually breaks upward. BTC is holding the support of $22,500-$23,000 area. We will see an upward move towards $25 after the breakout.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC is BullishIt has been a while I updated you guys about BTC movement. I've been been off chart partially and basically just watching on the sidelines. However, here I am.....
Bitcoin is correctively bullish and I still maintain my eyes on the $28,000 zone. Being correctively bullish doesn't mean it has to have perfect retracements into my preferred zones, however, if anything happens in my zone, I'll be looking to sell short.
I have a strong sell bias on the 4 hour time frame and my buy zone is around $21,000. So keep your eyes on these figures.
#BTC/USDT 6Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
currently trading in a narrow range in between the mid range level and MSB level. There is an indecision between bulls and bears at this zone, so price is bouncing from support and rejecting from MSB level.
Breakdown of mid range with a retest would be a sign of filling the unfilled order block, while a successful breakout above resistance would be a sign of creating another higher high.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Making a million - wedge on 15M!The price is in a rising wedge. Points 1-4 are formed. Unless the price breaks through the lower ascending black trend line, the price will rise towards point 5. Point 5 is in the orange triangle. Inside the triangle, it it plausible to look at a potential reversal and an entry point to the downside. Thereafter, I will be looking to take TP at point 6.
#BTC/USDT 1HOUR UPDATER !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
As we can see at the above mentioned chart that nothing has changed in 1hr time frame, BTC still trading at support zone and holding red MA well.
According to current scenario BTC broke a dissenting triangle and currently trading above after a retest a support level.
Until BTC holds this level chances to grow above side are high.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
UNI up 83% after bull signal - Now 30% correction incoming?UNI pumped 83% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). Finding resistance from the grey block. In a possible bearish/correction scenario UNI might possibly drop 30% to 5.50 USD, completing wave 5 of the Elliot Wave (blue dotted lines).
UNI is still in the Bullish Zone of the Ichimoku Cloud. The RSI is at 61, but I expect it to fall back into the range (40 to 60). RSI Brown is at 55. If we take a look at the Average Directional Index ( ADX DI), its starting to be bearish, as the green line is pointing downwards. Currently UNI is above its middle Bollinger Band, Band Basis 20 Period SMA. While it is below the LSMA .
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
As we said before $23200 was a strong support zone and here we can expect more pump too.
The next target is near daily falling trendline ($24600 resistance) on the chart.
any breakout there would cause a huge pump.
23K$ now is major daily support ahead.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
#BTC/USDT 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
BTC is pumping again. Now everyone is talking about reversing this $24.4k resistance level. Imo BTC breaks above this resistance and closes and it could reach $25k. After that, when everyone turns into a full bullish pattern, it may return to the $21k-$22k level and take everyone by surprise.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.