BITCOIN 15 MIN BREAKDOWNHELLO AGAIN TRADERS, HERE IS MY MORNING BREAKDOWN
Currently I see three interesting levels for us, as I wrote yesterday evening again during the Asian session there was a bigger move which however caused the market to open itself. When I look at the overnight volumes there were substantial orders around $16560 from where bitcoin fell, its first stop was around $16419 and then made a short term bottom around $16100 - $16175. Then the last orders where I see a support zone are at $15800.
In between these zones as I marked in the chart on the right you can see that there is a gap of trading volume so Bitcoin just flew through there last night but the markets tend to fill these gaps back in and take orders from the top where there is liquidity.
Therefore, I would say today we will go back to the $16419 level and that is where we will decide if we have made a bottom for a short-term uptrend in December at where we are currently or from $16419 to $16560 we will go into a short again.
There will be very little volume in the London session at the moment, I can only go long when we get back to $16160 - $16180 from there we will bounce towards the last volume at $16419 and above, although the dollar fell on the London opening and Bitcoin didn't get much traction.
Btcusdlong
Adding onto my BTC position from 17,350 10x leverageI am doubling my position on my trade from yesterday. My current entry price is 17,057 USDT.
We'v now broken down to another major support area, but this time we see the 4-hour chart start to consolidate in many different ways.
Our CM_Williams_Vix_Fix Finds Market Bottoms is showing a heavy floor.
Our momentum indicators, TSI and MACD, are starting to flatten for a convergence on our 1-hour chart *chart shown is 4-hour*
I may add onto this position as time goes on.
BTC ANALYSIS#BTC UPDATE.
#BTC has now lost the trend line support and the trend line is acting as the resistance now,the pink area support is crucial as it the double bottom for btc and any move below this pink box area would lead into some more pullback .
The next move will be updated on our website so please do visit.
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading in ascending triangle with trend line as the support and the blue box area as the resistance.If eth breaks below to the trend line support then we might see that eth can test the next support level,however for the upside move eth need a close and confirmation above the blue box area on 4H TF atleast.
BTC ANALYSIS#BTC UPDATE.
#BTC has now broken below to the pink support area and is now acting as the resistance for btc .As told you in the last btc update if btc loses the black trend line support then we might see btc testing the blue box support area and there could be a high volatile move as well at the trend line support.Enter into any positions after the confirmation.
BTC long @ 17,350 10x leverageAfter the FOMC meeting sentiment crashed in the market as Powell confirmed that rate hikes are "planned" to continue throughout 2023. We will see if this actually happens.
BTC dropped from 18,300 by over 1,000 USDT. I am currently entering a scalp long position as we currently have heavy support and the 1 and 4-hour 200-day EMA's and I believe we may enter a reaction rally in the major pocket of support I have drawn in green. We will most likely retest or last area of resistance I have in red.
I may continue to add onto this position as time goes on, but like I said. This is the area a reaction rally could happen.
BTCUSDT 15 % pump possibleThe price created beautiful ranges that you can observe on 4h timeframe.
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the pink box support area and any close below to the pink box could result in more pullback from here .Keep eyes on the support line as well as if btc loses and close below to the trend line support btc might look to test the blue box support area around 16k level
ETH ANALYSIS#ETH UPDATE.
#ETH has got the rejection from the red box daily resistance and might test the purple box support on daily .On close above the red box area on daily we will see jump in the price but since eth has got the rejection from the red box resistance I do expect a pullback to 1200s level.
BTC ANALYSIS#BTC UPDATE.
#BTC got rejected from the daily resistance at the red box resistance area with pink box as the support level .A daily close below to the pink would result in pullback on daily.
BTC short plan seems to getting more likely. Hi @everyone,
Small update on the short trade plan..
Btc is having an swingsfailure ( to the upside ), the likelyhood the short plan wil get achieved is from getting more likely.
From here we could take a scalp long possition, till 178xx with an sl below previous low.
Goodluck,
Team Quantistic
BITCOIN Long Trade 2022Nov29Signal: Blue * 3 -> Green
Risk Reward: 2
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BITCOIN ascending channel and more range 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and ascending channel resistance level ✔️
if
the price breaks the resistance zone of the channel to the upside, we will see more gain, at least to our upper trend line resistances 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋