BNB SHORT SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB/USDT trade update.
BNB is not looking good here. Breaks down the descending triangle. Also, retest is done and now ready to fall. Open a small short position here and add more to the upside.
Entry range:- $261-$264
Target1:- $254
Target2:- $240
Target3:- $226
Target4:- $216
SL;- $274
Use low leverage (5x-10x)
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ETH QUICK UPDATE! LOOKS BEARISH!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is not looking good here. Forming a rising wedge in 6hr time frame which is a bearish pattern. ETH breaks down this rising wedge and currently retesting. After this retest, we might see more drop in ETH. Important support for ETH is at the $1220-$1230 level. Let's see how price reacts there.
Invalidation Level:- Breaks above $1300 will invalidate this rising wedge pattern.
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BTC QUICK UPDATE!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
After the bearish CPI data, BTC bounced nicely and touched the $18k level. Currently, it is in the resistance zone. I am expecting a retracement from here.
Expecting it to touch the $16.8k-$17k level from here where the lower trendline of the triangle lies. Today is another important event which is FOMC. So we might see some more volatile moves.
Invalidation:- Any 4hr candle close above $18.2k will invalidate this scenario.
Let's see how FOMC impacts the price today. I'll keep updating you.
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ETH: BIG MOVE SOON!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is trading inside an ascending triangle and the triangle is getting squeezed so we see a big move soon. Now the question is what's the direction of this big move (Upside or Downside)?
As of now, ETH is still trading inside the triangle so we have to for a breakout or breakdown for a clear direction of this move. If It breaks out the triangle then we might see ETH at $1500-$1600 and if it breaks down the triangle then we see another retest of $1000
What do you think about this?
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BTC: POSSIBLE SCENARIO! POWER OF 3!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update.
What is PO3 and how it works?
The primary purpose of the PO3 is for smart money to build positions and engineer liquidity. Smart money unlike us needs a more complex method of entering classes in the market while retail(us) is able to enter positions as long as the order book allows it. Trading is a 0-sum game, inorder to accumulate a long position there needs to be a seller to provide it and vice versa.
PO3 works mainly in three parts:
1) Accumulation
2) Manipulation
3) Expansion
Currently, BTC is in an accumulation zone. The accumulation range is $15.8k-$17.5k level. Once it breaks above the accumulation zone, we enter into the manipulation zone.
We have a big resistance is at the $18k-$19k level. Expecting a rejection from that level and then we enter into the expansion zone.
Invalidaion:- Close above $19k level
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LTC/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this LTC/USDT trade update.
LTC looks good here. Breaks out from the symmetrical triangle in LTF. Expecting a 15-20% pump from here.
Entry range:- $76-$77
Target1:- $80
Target2:- $84
Target3:- $88
Target4:- $94
SL:- $73.4
Leverage:- 5x-10x
Long some now and add more in the dip.
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BE READY FOR CHRISTMAS RALLY! BUY THE DIP!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Total M.cap update.
Total M.cap looks good here. Breaks out from the descending channel. Expecting a retest from here and that retest will be a good buying opportunity.
I'm expecting a good rally in the crypto market before Christmas. Most people are still expecting new lows of BTC but IMO first we might see a short-term rally in the market from here. Expecting BTC to go $19k-$20k from here.
Invalidation:- Any 4hr candle close below $770B
What do you think about this?
Do you also think that we might see a good bullish rally in the month of December or do you think this is just a trap?
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BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level.
Why does BTC go to $18k from here?
* BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle.
* Producing a bullish divergence in RSI in a 4hr time frame.
* $15.8k$16k is a very important area to hold.
* Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible.
Invalidation:- 4hr close below $15.8k level
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BNB/USDT: LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB trade update.
BNB looks bullish here. Forming a falling wedge-like structure in 4hr time and bouncing from there. RSI also shows bullish divergence. Long here.
TP1:- $274
TP2:- $288
TP3:- $306
TP4:- $324
SL:- $248
Leverage:- 5x-10x (According to your risk appetite)
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ETH: MUST BOUNCE FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is breaking out from the falling wedge-like structure in 4hr time frame and currently, looks like a retest. We have a good support range here. ETH should bounce from here.
If it breaks down the support (4hr close below $1150) then this pattern becomes invalidated and we might revisit the lower trendline of the wedge ($1080) but IMO it should bounce from here.
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DUSK/USDT LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this DUSK/USDT trade update.
DUSK looks bullish here. Breaks out from the falling wedge-like structure in 4hr time frame and currently looks like it is going for a retest. Long some here and add more at the retest level.
Entry zone:- $0.087-$0.089
TP1:- $0.092
TP2:- $).096
TP3:- $0.100
TP4:- $0.105
SL:- $0.0845
Leverage:- 10x
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BTC: BREAKOUT! READY TO GO $18K!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC is going exactly as we told you in my previous update. When everyone turns super bearish in the short term and expects $13k-$14k, I told you that this is just a triple bottom and we got a good bounce from here. Hope you listen to my advice and made good money.
Now, what's the next possible scenario from here?
BTC is breaking out the trendline and currently looks like a retest. If it comes down to $16.2k-$16.4k then it would be a good dip to enter. After this successful retest, I'm expecting the price to touch the $18k level from here.
And what happened after touching the $18k level? Will update this scenario in my next analysis.
So from now expecting more greenery in the market in the next few days. Let's see how this plays out.
Also, will update a few Altcoins setups in a while.
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BTC: BOUNCE INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC once again goes below the $16k level and everyone is extremely bearish at this point in time. Everyone is waiting for $12k-$14k from here but I don't think it is coming so soon. Maybe a short squeeze first from here to liquidate all the late shorts.
According to the chart, BTC has a good support range of $15.7k-$16.1k level and forms a triple bottom type structure. I'm expecting a bounce from here up to the $18k level.
Invalidation:- Candle close below $15.5k
What do you think here? Do you also think we can get a bounce from here or do you think that it is going straight down from here?
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ETH: DECISION TIME SOON!! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH update.
ETH is currently forming a symmetrical triangle in the 4hr time frame. This symmetrical triangle is getting squeezed and soon we will see a decisive move.
WHAT IS A SYMMETRICAL TRIANGLE?
A symmetrical triangle occurs when the price makes lower highs and higher lows. This usually means that neither the buyers nor the sellers are able to gain control, causing the price to range within a triangle.
The price usually trades between trend lines which act as support and resistance, preventing the price from breaking through to new highs or lows.
You can trade using a symmetrical triangle by placing a trade when the price breaks through the triangle and trading in the direction of the breakout. The stop loss would go on the opposite side of the triangle. The take profit is placed the same distance away from the entry as the height of the back of the triangle.
If ETH breaks down from the triangle then we will see a downside move and the price might come to around $1000 in case of a breakout we will see a bullish move. As of now waiting for a clear breakout or breakdown.
What do you think here?
Do you think we will see a breakdown and downward movement or we will see a bullish breakout? Share your views in the comment section.
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BTC: FORMING A CLASSIC BEARISH PENNANT PATTERN!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. There is a lot of things currently going on in the market. We have to trade very carefully in this market and try to focus on the long term. The bets way in the current market scenario is buy BTC and DCA on every big dip.
Now, let's get to the chart.
BTC is forming a bearish pennant pattern in the 4hr TF.
What is a bearish pennant?
A bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They’re essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
When technical traders spot a bearish flag pennant, they take it as a sign that the downward price move is going to continue once the market breaks below its support line. Like their counterpart, bearish pennants can occur over any time frame.
Currently, BTC is trading inside the pennant. If it breaks below the pennant then there is high chances we visit the $12k-$13k zone from here.
Invalidation:- Close any 4hr candle above the pennant ($17k)
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BTC LTF QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is forming a descending triangle pattern in 2hr time frame and currently trying to break out from the triangle. We have strong resistance at the $16.8k level. From here, we have two possible scenarios:-
* One is we reject from here and might touch again the lower trendline of the triangle ($15.8K). If BTC holds and bounces from the $15.8k level then the triple bottom scenario played out and we got a decent bounce.
* The Second scenario is that if we break out and close above the triangle ($16.8k) then we go for higher resistance which is at $17.8k and $18.6k levels.
If we look in the HTF and zoom out our chart then we must retest the $18.5k level before any new low. Let's see what happens.
What do you think which scenario will play out according to you? Tell me your opinion in the comment section.
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TOTAL M.CAP ALSO SHOWS BEARISH RETEST!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL M.cap update.
The total market cap looks bearish here. This recent pump just looks like a bearish retest. As you see in the chart, the total market cap breaks down from the symmetrical triangle in the daily time frame and currently rejecting after the perfect retest.
Two important supports $700B and $550B are I'm looking for after this bearish retest.
Invalidation:- Daily close above $860B
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The total market cap also indicates a bearish retest.
BTC: NEED A DAILY CLOSE ABOVE THIS LEVEL FOR BULLISH MOMENTUM!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update.
After breaking down from its major support level of $18k, BTC gives some relief rally here. But the question is this move is sustainable?
* Technically it looks like a bearish retest to me.
* We need a daily close above the $18.5k-$19k level to enter again in bullish mode.
* After this successful retest, my target is the $12k-$13k level.
Note:- Also, post a USDT DOMINANCE chart below this so must check it out as well.
But one thing I must say is, if you haven't bought any BTC yet then you should buy some here and set the bids up to the $10k level because no one knows the absolute bottom.
Hope this idea helps you to get better trade decisions.
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BTC IMPORTANT WEEKLY UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Currently, how things going on in the market was really a doomsday for every one of us. Everyone is shattered and depressed. I understand but it is not the time for this get some courage if you lose a heavy amount and be prepared for the next.
I posted a chart in Sept, in which I clearly mention that we see a breakdown of $18k important support area in the month of Nov. and the bottom is around the $10k-$12k level by the end of this year. Hope you look at that chart at the right time and save yourself.
Now, let's get to the chart.
BTC is forming a falling wedge-like structure in the weekly time frame and currently holding the lower trendline of the wedge. If it holds here and the thing turns positive then we see a good pump from here. If not hold this wedge then definitely our main target is the $10k-$12k level.
What should we do here?
Look no one knows what the bottom is. All we can do is DCA our buying. Buy some BTC here and set your bids up to the $10k level. The future of crypto is very bright and sooner or later all these bad things come to an end.
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ETH: MUST BOUNCE FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH update.
The whole market dropped badly because of all the monopolies of some big players. Well as a trader we need to be more focused on the chart and find out the best levels which can give us some nice entries.
Now let's get to the chart.
ETH is trading inside a channel in 8hr time frame and currently holding above the lower trendline. As long as it holds this channel we can expect a bounce.
Invalidation:- Break and close below the lower trendline of the channel ($1260)
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BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. Currently, many things going on in the market. The fight between Sam and CZ create this fud and plumbed the whole market. Anyways, all these funds give us a buying opportunity so no need to panic here, BTC is still fine.
Now let's get to the chart.
BTC breaks below the $20k support area and currently trading around the $19.5k level. We have two major support areas for BTC. One is $19.2k-$19.4k (already hit) and another one is at the $18.4k-$18.8k level.
IMO BTC must hold the $19.2k-$19.4k support area and bounce. In any case, if we break and close below the $19.2k level then be ready for more dump.
As of now, try to be patient and don't buy anything in a hurry. As you know this will be a very busy week. After two days, on the 10th of Nov, we have an FOMC meeting so that will be another important event to keep an eye on. Wait for the right time and always buy in partial with a proper stop loss.
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HOLDING LONG POSITIONS MIGHT BE RISKY HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ALTPERP update.
ALTPERP is facing strong resistance here in the daily time frame. Longing anything here is a bit risky. It's better to wait for a pullback. For another bullish rally in Alts, we really need to break this resistance zone of 2300-2400
IMO it's better to wait for Altperp to come down to around 2100 level. If it holds the 2100 level and bounces then we see some bounce in Alts too. If it breaks below 2100 level too then we see more dump in Alts.
So basically it's better to wait for some time to go long in Alts.
Hope this chart helps you to make better trade decisions. If you like this idea then do support it with like and follow.
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BTC UPDATE! WATCH OUT THE LEVELS!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. My previous BTC update is going perfectly. I told you that BTC must hold the $20k support and bounce from there and we got a nice move up to the $21.5k level. So what's next?
Currently, BTC is trading at around the $21.2k level. If BTC goes lower from here then the first level to hold for BTC is at around the $21k level. If BTC holds the $21k level and bounces then we have a higher chance to go up to $22k-$22.5k by next week.
If BTC breaks below $21k and goes back again inside the channel then we have first support around the $20.5k level and second support at the $20k level.
As long as it holds above $21k then no need to worry it's a healthy and normal correction. Break and closing below $21k will be bad for us.
Also, it is forming a bull flag in LTF. Let's this pattern is played out or not. Waiting for a breakout of the flag.
Hope this analysis clears all your doubts regarding BTC. If you like this idea then do show your support by hitting the like button.
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