ETHUSDT TECHNICAL ANALYSIS 08112021Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.
The percentage levels provided are areas where the price could stall or reverse.
The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level.
from investopedia
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Technical analysis update: BTCUSD (27th October 2021)In our last idea on BTCUSD we pointed out that Bitcoin was very overvalued in short-term and due to correct. We layed out two possible scenarios for BTC. In first scenario we expected BTCUSD to correct and then resume bullish trend. In second scenario we expected BTCUSD to reverse bullish trend through double top formation. Now we are inclined towards second scenario as another important support level around 60 000 USD was broken. We also showed interesting trade setup which is displayed below:
Now it is clear that BTCUSD dropped below previous short-term support; and now it remains in bearish territory. Technical analysis supports bearish thesis for BTCUSD as many indicators turned bearish. Because of that we would like to set new short-term price target to 55 000 USD.
Technical analysis
RSI performed crossover below 70 points which was accompanied by selling pressure as we predicted. RSI turned bearish. MACD and Stochastic are also bearish. In addition to that, DM+ and DM- is due to bullish crossover. We are currently bearish on Bitcoin.
Support and resistance
Major resistance sits at recent all time high of 67 016.50 USD. Another important resistance (Resistance 2) sits at 64 895.22 USD. Resistance 1 lies at 59 603 USD. Support 1 lies at 52 956 USD and Support 2 at 42 900 USD. Support 3 appears at 43 643.34 USD while major support sits at 28 600 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DAY TRADER COIN COMPOUND INTO THE RUN - STILL POSITIVE Hello trading friends,
The compound is still interesting for the coming time as the trend shows, as long the trend is in the box, we could speak about a Positive trend.
In the trend, we did add 3 boxes of possible price action hit.
Targets
378,389,400+
This means not that all targets will get hit, but the coins are interesting and worth following.
Know also that some increases can take more time.
Trade always with good risk management, at last with 3.1 system
Have a great day!
$BTC new all-time high imminent *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: After breaking its all-time high $BTC has now established a clear support floor above $60000.
My team entered $BTC at $60500 this afternoon and have set our take profit at $72000.
OUR ENTRY: $60500
TAKE PROFIT: $72000
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Technical analysis update: BTCUSD (20th October 2021)BTCUSD reached new all time high today as Bitcoin ETF reached over 1 bn. USD in AUM within just two days since it started trading. We previously noted if new all time high was reached then it would force us to change our stance from bearish to bullish. We also noted that we expected price to continue rise in case of breakout above previous all time high. We continue to think that more upside awaits BTCUSD. However, we think investors should be cautious. Volume keeps decreasing while price reaches new highs and several indicators are overvalued which suggest that price should correct. Because of that we think it would be smart to wait for any pullback before entering long position in the market. Bitcoin currently provides interesting setup with possible long entry above short-term support or short entry below short-term support.
Technical analysis
RSI is extremely overvalued and we expect it to reverse soon. We expect such occurence to be accompanied by selling pressure. Stochastic remains bullish altogether with MACD. ADX contains high value which suggests that trend is strong or near its peak. We expect volatility of BTC to stay elevated in short-term.
Support and resistance
Short-term support coincides with previous all time high of 64 895.22 USD. Support 1 appears at 59 603 USD and Support 2 at 52 956.47 USD. Closest psychological resistance lies at 70 000 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
#SHIBUSDT Trading plan!Hi friends!
Prerequisites:
1) Near retest;
2) Above is emptiness;
3) 3-month savings;
4) Wide channel;
5) The coin looks better than the market;
6) After the last touch of the resistance level of 0.0000095, the price on the seri dine reversed back.
Target 1 - 0.00001412
Targe 2 - 0.000025
Targe 1 - $ 0.0000500
This chart forms one of my favorite pictures.
After a good fall, the coin has been trading for the 4th month in a wide channel between the levels (0.00000600-0.00000950).
At the moment, the coin looks better than the market, the price reversed in the middle of the channel after rebounding from the resistance level.
I am considering this coin for a medium-term deal when the resistance level of $ 0.00000950 is broken.
Even if the price does not break through this level even on this approach to the level, then in any case I will buy on the breakout of this level in the future.
Note: Friends, read the description of the idea carefully, and do not buy before the conditions described above. Also, do not forget to correctly calculate your risks and place stops.
All profit.
✔ Do not forget to trade using your own trading system and with stops!
✔ If you like what I do, put 👍 and subscribe! 🙌👀
✔ This is the best gratitude for my work! 💕
Technical analysis update: BTCUSD (17th October 2021)BTCUSD reached high of 62 944.94 USD while several technical indicators started to flash warning signals. First, breakout at 48.8k USD and then at 53k USD occured in very fast and unnatural motion which suggests that these price levels were most likely manipulated with goal to lurk new investors into the market. Second, volume is way lower than in previous rally that took Bitcoin to all time high and professional investors are selling their holdings into hands of retail investors. Third, several technical indicators signal that price is currently overvalued. We change our stance from bullish to bearish .
Similar setup is available in Bitcoin futures (BTC1!)
Technical analysis
Stochastic is bullish. MACD is also bullish, however, histogram started to decline slightly. Price deviated too far from its 50-day SMA . RSI left overbought territory and penetrated 70 points which suggests that price is elevated and due to correct.
BTCUSD - daily chart with 50-day SMA and volume.
It is easily observable that volume is considerably lower than in previous uptrend.
Support and resistance
Short-term resistance sits at 59 603 USD. Short-term support appears at 52 956 USD while Support 1 is at 48 834 USD. Support 2 sits at 39 573 USD while major support lies at 28 600 USD. Major resistance coincides with all time high at 64 895 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: BTCUSD (15th October 2021)BTCUSD trades slightly below 60 000 USD pricetag. We will observe whether it manages to break above this price level and stay there. It would be particularly bullish for BTCUSD and in such scenario we would expect BTCUSD to try new all time high. However, there are several indicators that reached overbought condition already. Therefore, we are very cautious.
Technical analysis
Stochastic is bullish. MACD is also bullish. Trend continues to be bullish, however, RSI reached overbought condition which suggests that price might experience correction soon.
Support and resistance
Short-term support sits at 59 603 USD. Support 1 appears at 52 956 USD and Support 2 at 48 834 USD. Support 3 sits at 39 573 USD while major support lies at 28 600 USD. Major resistance coincides with all time high at 64 895 USD.
Previous thought from 6th October 2021:
Here we noted that we changed stance from neutral to bullish.
Previous thought from 4th October 2021:
Here we presented interesting and very clear setup for BTCUSD. After that price bursted into bullish direction.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
ALTSEASON IS COMING 🤑🤑Bitcoin is rising, Ethereum is rising and most altcoins are at the bottom.
WHEN IS ALTCOIN SEASON COMING?
If you study the bitcoin and Ethereum charts, you will see that the coins are up 1000% after the price updated all time highs.
The price is now very close to resistance. This is the last resistance. If the price overcomes it, the altcoin season will start very soon. This is also indicated by the dominance index and the altcoin capitalisation index.
Buy any altcoins and they will make you at least 5x. Now we will reveal to you 2 very promising coins - COMP and ICP .
If you want to know the whole list of promising coins, write in the comments and we will analyse them here.
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BAT - is going to breakout this key level 😲🚀BAT is near its key level. In addition, we see compression and approaching the level by small bars, which is a good signal for a breakout and continuation of growth. A good buying opportunity would be after a breakout or a retest of the key level as support.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTTUSDT: BREAKOUT FALLING WEDGE, BULLISH MOVEMENT AHEAD?Hello Enthusiast Coin Traders! Here's short-term outlook for BTTUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
BTTUSDT is breaking out of the Falling Wedge Pattern. Breakout of Falling Wedge pattern could indicates the possibility of bullish movement ahead. The momentum indicator already crossed above the zero level, it signify the potential bullish bias to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency pairs.
BTCUSD SHORT! Look for the impulse!Hello!
Here is my daily idea for tomorrow - getting it in early as I will be traveling.
I rarely analyse crypto, but this is a lovely analytic setup.
We are in a clear corrective ascent following a bearish impulse move, after we hit recent highs in the last couple of months.
It looks like we are likely to hit a shoulder, and if we do, it's a strong indicator for reversal.
Having marked out the key support and resistance areas, we can see where likely TP and ticky margins may appear.
For the trade to be VALID , wait for evidence of rejection from the minor resistance level marked on the chart. Once entered, place SL just above this, in case we rise to a double top instead.
If we break the SL, do not re-enter. Do not give your money away to the market.
TP as marked on the chart, in keeping with recent support levels.
This is quite a fast trade by my standards, and I expect results by the weekend.
Please keep in mind that crypto markets are by far and away some of the most volatile out there, and extremely sensitive to a range of news sources. ALWAYS use a Stop Loss, and only trade what you can afford to lose.
Like my work? Please comment below if you want more crypto analysis, and like, comment, share my posts if you'd be so kind - the support really helps me!
Good luck, trade safe.
DrBear
SHIBA INU INVERSE HEAD & SHOULDERS (BASED ON CLOSING) #BULLISH
SHIBA INU INVERSE HEAD & SHOULDERS (BASED ON CLOSING) #BULLISH
Since May 10, 2021 opening to today, formed a beautiful setup to explode!
I have a feeling we could moon a good distance! upwards to .00004 the previous high
I would guess then hit that resistance to fall down and form the handle, back up headed towards moon!!!
This isn't over its just getting started!!! Previous high of .00004 4 times higher then current price @ .000009
SHIBA INU currently has a market cap of 4,500,000,000...
When SHIBA INU hits . 01 it will have a market cap of 450,000,000,000 with a Big B
Which would put it at the #2 spot above Ethereum currently.
Forget the nay sayers, MASS ADOPTION IS REAL!
COINBASE, CRYPTOCOM, KUCOIN, WEBULL, ROBINHOOD...
Some of your favorite utility use coins, don't even have a spot on all 5 of these exchanges
. 01 is Inevitable Thats x1000 times my current Investment, The Risk to Reward is Phenomenal here!!!
ETHUSDT TECHNICAL ANALYSIS 15092021Fibonacci Retracement
Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.
The percentage levels provided are areas where the price could stall or reverse.
The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level.
from investopedia
NO INVESTMENT ADVICE...
BNB (Binance)What's up guys !
if you take your time back , you shall see that price made a double top chart pattern on the 4H and broke the neck line with an engulfing candle showing the strength of the bears.
On the 1H , Price then reaches a Weekly support zone and makes multiple rejections as price hovers around this area , Waiting for the break of the trend line and the last swing high (BULL) to enter my BUY ,
The MACD divergence also helps and add as a confluence as I observe for the cross of the EMA 14 and EMA 50
What do you think ?
✅LITECOIN WILL GO UP FROM SUPPORT|LONG🚀
✅ LITECOIN is trading close to the strong support
And as I am bullish on the pair
I think that once we see a retest of the level
A rebound will follow and the price
Will at least retest the horizontal resistance above
While if we see a bullish breakout
LTC will keep going higher!
LONG🚀
✅Like and subscribe to never miss a new idea!✅
✅ETHEREUM WILL GO UP|LONG🚀
✅ ETHEREUM made a correction
Along side all other major coins
But the 3,000$ level proved to be strong
And I think that even if we see a retest of it again
The coin will soon retest the resistance above
And might even do a new all time high this year
LONG🚀
✅Like and subscribe to never miss a new idea!✅
ETH - after this level, the road to all-time high will be open😲After Ethereum broke the upper limit of accumulation 3333$, the price went up by 20 percent. The price is now in consolidation and this is a good signal for a continuation, there is likely to be another upward momentum. Pay attention to the level of 3948$, at the moment the price is squeezing near this level, a breakout might occur soon. If Ethereum breaks through the level of 3948$, the next target is likely to be all-time high. Buy after breakout and retest level 3948$.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade