ETH NEXT POSSIBLE SCENARIO!!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 forming a bearish flag pattern in the 4hf time frame and currently, it is testing the middle line of the flag. I'm expecting a rejection from here and the price might go to test the lower line of the flag. Here we have strong support also.
After hitting the lower line, we can expect a bounce up to the $1230-$1250 range. I'm setting my long bids at the $1150-$1170 range with the tight SL. Let's see how this goes.
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BTC QUICK UPDATE! NEXT POSSIBLE MOVE!!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 still struggling to break the $17k resistance level and is currently trading around $16.8k. Price has been stuck in this range for the last few days because of Christmas. Now we might see some volatile move but the question is in which direction? Let us try to find this in this analysis.
According to the chart, BTC is forming an ascending triangle in a 4hr time frame and currently rejecting from the triangle's upper trendline. IMO, BTC breaks down this triangle and the price might hit the $16.2k-$16.4k level before any upward move. After hitting the $16.2k level, if the price holds there then we resume the uptrend.
Invalidation Level:- Any 4hr candle close above $17k
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BNB: DO OR DIE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB update. As you know recently we have seen many FUD against Binance. No one knows whether these fud are true or not but we trying to understand the situation by reading the chart.
BNB is currently trading around the $245 level. It is trading inside a descending triangle in the weekly time frame. It has very strong weekly support at the $210 level. If BNB breaks and closes below the $210 level then I didn't see any good support until $40 in this weekly chart.
So is it possible that BNB goes in two digits? Don't know yet but nothing is impossible in crypto. We have to see many unlikely events this year like FTX, 3AC, LUNA, and many more. So that's why anything is possible. All we can do is stay alert and preserve our capital.
Until BNB holds above the $210 level it is safe and it's a good buying zone with a little SL of below $200
Let's see how next year will come to us. Hope for the best.
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BTC: WILL MANAGE TO HOLD THIS LEGENDARY SUPPORT LINE??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important weekly BTC update.
As 2022 is about to end, If you still manage to survive in this bear market and read this update then congrats you almost make it, and soon this bear market pain will be over.
We have been in a bear market for more than one year. And the biggest question of this year is "WHERE IS THE BOTTOM OF THIS BEAR MARKET?" So in this analysis, I'm trying to give you some hints and my thoughts regarding this.
As you see in the chart, we have a very crucial support line at around the $15k level. BTC manage to hold this trend line for the last 5 years. Every time price touched this trendline, we got a very good bounce. So there is a very high chance that history repeats this time also.
In the worst case, if we got any weekly close below $15k then be ready for a $10k-12k level but as long as we hold this legendary trendline support bottom is here.
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BTC: FORMING BEAR FLAG IN LTF!!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 not looking good in LTF. It is forming a bear flag in 1hr time frame which is a bearish pattern. Price is still inside the flag. Once it breaks down the flag we got more confirmation of a downside move. If BTC breaks down this bear flag then the possible target is $15.8k-$16k
Invalidation:- Any hourly candle close above $17k
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BTC DOM UPDATE! ALTS MIGHT DUMP 40-50% FROM HERE IF??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Bitcoin Dominance update. BTC Dominance is inversely correlated with Alts. When dominance pumps, Alts dump, and when dominance dump, Alts pump.
According to the weekly chart of BTC Dom, it is forming a descending triangle here and currently trading near the above trendline. If it breaks out from this triangle then it will be very bad for Altcoins. Meanwhile, rejection from here will give some relief rally in the Alts.
For more confirmation, we have to wait for another weekly close. Let's see how this goes. I'll keep updating you.
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BTC: WEEKEND PUMP? NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened.
So what's next?
As of now, BTC holding the green support area ($16.5k-$16.8k) and we might see a bearish retest from here. According to the chart, BTC should bounce from here up to $17.2k-$17.3k level and after that again starts dumping.
So as of now I'm expecting a relief bounce in shorter time frame. In HTF, BTC still looks bad. Until and unless we did not get a weekly close above $18.5k thing not going good for us.
Let's see how things goes in the next few hours.
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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
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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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