ETH: CONSOLIDATING INSIDE A TRIANGLE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick ETH update.
ETH is trading inside a triangle pattern in 4hr time frame. Currently, it is trading near the lower trendline and holding the lower trendline so far. If it breaks down and closes below the triangle then be ready for $1000 per ETH and in that case Alts also started dumping with ETH.
If it holds this support and bounces back then it needs to break above the triangle for a good upside move to the $1600 level.
As of now waiting for a clear direction is a much better decision here.
Hope this idea will help you to take better decisions in your short-term trading plan.
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BTC: SHORT TERM UPDATE! $17K OR $21K??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update. I'm keeping it very short and simple here.
BTC is trading inside a symmetrical triangle in 4hr time frame where breakout or breakdown will decide the next move. IMO this consolidation will be over in the next 2-3days.
The plan is straightforward here. If BTC breaks and closes above the triangle, we see a rally up to $21k. If BTC breaks down this triangle then we see a downside movement up to the $17k level.
My bias is on the upside. I'm expecting a rally up to the $21k-$22k level in the month of October. What do you think? Share your views in the comment section.
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ETH: POSSIBLE SCENARIO! BOTTOM MIGHT BE $500-$600 BY THE EOY!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is trading inside a symmetrical triangle in a 2days time frame. Currently, hovering near the lower trendline of the triangle and also holding important support at around the $1250 level. As long as ETH holds this support we can expect a good bounce up to $1600-$1700 in the month of October.
After, reaching at $1600-$1650 zone we can expect a rejection which will lead to the breaking down of this triangle in mid-November. After breaking down this triangle, the bottom, target for ETH is $500-$600 and we will reach this target by the end of this year.
Invalidation level:- If any 2D candle will close above $1700 then this chart becomes invalidated.
What do you think about this?
Do you also think that we see ETH at $500-$600 by the EOY or do you think that we already reached the bottom?
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RSR/USDT READY FOR A 200% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this RSR/USDT trade setup.
RSR looks very good here. Breaks out from the symmetrical triangle in the daily time frame and currently retesting the triangle. After this successful retest, we can expect a good 200% move to the upside. Buy some on spot and hold it.
Entry range:- $0.0066-$0.0072
Target:- 200%
SL:- $0.0058
Buy some now and add more to the dip.
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BTC: $10K IS THE BOTTOM BY THE YEAR END! HERE'S WHY....Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this exclusive BTC update. Read the complete analysis carefully. I'll try to explain everything in very short and simple way. Before get to the analysis, I'll tell you this analysis is based on 2018 bear market fractal. I'll add the 2018 chart below so check that chart too for clear understanding.
Now, let's get to the chart.
Currently, BTC is trading around $18.7k level. According to this chart, BTC is forming a big falling wedge like structure in 2days time frame. The same falling wedge kind of structure was formed in 2018.
As of now BTC has a very strong support at $18.5k level and holding that level pretty well so far.
If we look closely both 2018 and 2022 bear market structure we found really similar things. In 2018 BTC breaks below it's important support level ($6k) and starts dumping in mid of November and dumped almost 50% so I'm expecting the same thing this time also.
What I'm expecting this time:-
1) A bullish rally up to $22k-$23k in the month of October.
2) BTC breaks below it's important support ($18k) in mid November.
3) BTC made it's bottom at around $10k-$12k by the end of year.
4) After this bottom, BTC starts recovering slowly and a new bull run will begin.
Invalidation level:- I have a very clear invalidation if this chart is not played out. If BTC 2D candle close above $23k level then this chart becomes invalidated.
Hope I'll clear all your doubts and this chart will help you to understand the current market situation very well. If you have any doubts then feel free to ask in the comment section.
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C98/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this C98/USDT trade setup.
C98 looks good here. Breaks out from the falling wedge-like structure in 1hr time frame. Open a long position here and add more in the dip.
Target1:- $0.385
Target2:- $0.406
Target3:- $0.422
Target4:- $0.436
SL:- $0.359
Lev:- 5x-10x
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BTC GIVES LOWEST DAILY CLOSE OF 2022! WHAT'S NEXT??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. After all the dramatic pump and dump because of FOMC, BTC price is again back to the same level. Currently, it is trading around $18.7k level.
BTC gives a lowest daily close of this bear market and looks like it is break below this descending triangle in the daily time frame. There is no bullish sign yet. However, this breakdown will give more confirmation when we get another daily close below that level. As of now thing are not looking good.
I'm expecting a new low soon. If BTC again gives a daily close inside the triangle or above $18.7k then things might change but till then stay cautious.
What do you think about this?
Do youu think we are ready to go for a new low or do you think that we again bounce from here?
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BTC IS AT VERY CRUCIAL LEVEL! BREAK BELOW THIS THEN $14K IS NEXTHello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. From the starting of September I keep telling you that BTC is not looking good and might see some big drop in this month. When BTC is trading at around $23k in the starting of this month everyone was start calling to $30k is next, I told you that this was just a retest (Link of the charts given below). Hope you guys listened and save your hard earned money.
Now let's get to the chart.
BTC is forming a head and shoulder pattern in the daily time frame which is generally a bearish pattern. Currently, it is at the neckline of this head and shoulder. Any daily close below this neckline ($18.5k level) will take us to the $14k level from here.
However, IMO we might see some bounce from here in short term so don't try to short now. Wait for a confirm breakdown.
I hope this will never break below this neckline but let's see what happens. Whatever happens I'm ready to buy every dip and set my bids around $14k-$15k level.
What do you think about this?
Do you think that it will break below the neckline or do you think this is the bottom?
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CHZ/BTC TRADE SETUP! A NEW ATH INCOMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CHZ/BTC trade setup.
CHZ looks very bullish in the daily time frame. It is breaking out from the bull flag like structure in the daily time frame. Expecting a 150% pump from here. Buy some here and add more in the dip.
Entry range:- 1000-1100 sats
Target:- 100-150%
SL:- 900 sats
CHZ is a Fan token and world cup is coming in the month on Nov. so we might see some good rally in many fan tokens. Buying a decent bag of CHZ here and will add more in the dip.
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REEF/USDT LONG SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this REEF/USDT trade setup.
REEF looks good here. Breaks out in 1hr TF and currently retesting it. Open a long position here and add more in the dip.
Target1:- $0.00524
Target2:- $0.00562
Target3:- $0.00586
Target4:- $0.00628
SL:- $0.00455
Use low leverage (2x-4x)
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DOGE/USDT LONG SETUP! READY FOR 40-50% PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this DOGE/USDT trade setup.
DOGE looks bullish here. Breaks out from the descending triangle in 8hr time frame. Open long position now and add more in the dip.
Target1:- $0.065
Target2:- $0.072
Target3:- $0.078
Target4:- $0.088
SL:- $0.056
Use low leverage:- 2x-4x
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BTC/USDT UPDATE! ANOTHER BEARISH PATTERN FORMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. I'm keeping it very simple and short here.
BTC is forming a descending triangle in the daily time frame which is generally a bearish pattern. Currently, it is trading above $20k and holding the $19.8k support very well so far. We can expect some short-term bounce from here up to the $21.5k-$22k level and after reaching there another rejection is highly possible.
The important support level of BTC is the $18k mark, any daily close below the $18k level will confirm the breakdown of this descending triangle. After the breakdown, we might see a $12k-$13k level.
Invalidation:- Any daily close above the $22.5k level
What do you think about this?
Do you also think that we can see a dump up to the $12k-$13k level in upcoming days or do you think that this is the bottom?
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BNB/USDT SHORT SCALP SETUP! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB trade setup.
BNB is forming a bearish pennant pattern in 30 min TF and looks bearish here. Open a short position here and add more to the upside.
Targets:- $270/$265/$260/$255
SL:- $283
Lev:- 20x
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ETH: WHERE IT GOES AFTER THE MERGE EVENT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is forming an ascending broadening wedge pattern in a 4hr time frame which is generally a bearish pattern. After a few hours, the ETH merge event is going to take place and IMO this is the sell the news event. Still, for confirmation, ETH needs to break below the lower trendline of the wedge.
Overall things look bearish here.
What do you think about this?
Do you think that after the merge event it's dumping hard or do you think that it is going to pump from here?
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BTC: PERFECTLY PLAYING THIS BEAR FLAG SCENARIO SO FAR!! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Posted a BTC update a few days back when BTC is trading around $22k and told you that this whole bullish move might be a retest (Link given below). When everyone is extremely bullish and telling $30k by the end of this month. I told you that this whole move might be a retest. Following perfectly so far. Hope you guys listened and did not hold any long position.
As of now $20.2k-$20.5K is important to support here. I hold then we might see some bounce. A daily close below $20.2k and we are all set to go again $19k-$19.5k
There is a high chance that BTC made a new low this month and that might be our last opportunity to buy BTC at lower prices.
Let's see how this goes. We will always keep you updated about the market and try our best to give you. All we need is your little bit of support and love.
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USDT DOMINANCE UPDATE! A BULLISH RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT Dominance works opposite to the BTC and Alts. It means when USDT Dominance pumps, BTC, and Alts dumps, and vice versa.
Now let's get to the chart.
According to this daily time frame chart, USDT dominance breaks out from the descending triangle and currently looks like it is retesting the triangle. After this successful retest, we can expect a bounce in dominance and a dump in the crypto market.
Invalidation:- Daily candle close below the 6.30 level will invalidate this chart.
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TOTAL M.CAP: BEAR FLAG RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total M.cap update. Personally, I'm not a bear. I enjoyed more in the green market. I'm happy if this chart will invalidate but we have to be cautious until things look better.
Now let's get to the chart.
Total M.cap is currently trading above the $1T level. It is forming a bear flag in the daily time frame. After the breaking down of this bear flag, it looks like a clean retest of this bear flag. If this bear flag played out completely then we might see a 35-40% downside move in market cap.
Invalidation:- Any daily candle close above the $1.04T level will invalidate this bear flag.
What do you think about this?
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BTC: WHAT IF THIS WHOLE MOVE IS JUST A RETEST??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is continuously pumping from the $18.5k level and currently trading above the $21.6k level. After posting this chart many of you guys don't like this but as a trader, we have to be aware of every possible scenario and I'm just sharing my idea here.
According to this 2D time frame chart, BTC breaks down the bear flag and this whole pump looks like a retest to this bear flag. If this was a retest then we see a dump soon. On the 13th of September CPI data will release so I'm expecting a dump on that day and before that, on weekend we might see some more bullish scenarios for trapping more and more longs.
Just be cautious here and wait for the weekly close is much better here IMO.
Invalidation:- If this 2D candle closes inside the flag (Above the $22.2k level) then this bearish scenario will be invalidated.
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BTC: BREAKS OUT! NEED A RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. My last scenario got invalidated because BTC 4hr candle close above the $19.5k level. Currently, it is trading above the $20.3k level.
According to the chart, BTC is breaking out from the falling wedge-like structure and currently facing some resistance at the $20.5k level. IMO, for a successful upside movement, BTC must retest the $19.5k level from here and get a strong bounce from there.
If it again closes below the $19.5k level then this bullish scenario will be invalidated.
As of now, I'm waiting for a perfect retest to take some long positions.
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BTC BREAKSDOWN! WHAT'S THE NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC update I told you that we might see a breakdown of this descending triangle and exactly the same happened.
Now what's next?
Now, IMO BTC must take a little bit support here and bounce to the $19.5k zone for a perfect retest of this descending triangle. Meanwhile, it might form a little head and shoulder type pattern in the process of this retest. And after the successful retest of this $19.5k level my target is $17.5k
Invalidation:- Any 4hr candle close above $19.5k level will invalidate this breakdown.
What do you think guys?
Do you also think that we might see a retest of $19.5k form here or do you think it will continuously dropping from here?
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BTC QUICK UPDATE! $17.5K OR $22.5K??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update. BTC is still in a very uncertain situation and trading between the range of $19.5k-$20.5k
According to the chart, BTC is trading inside a descending triangle. So from here, $17.5k or $22k will depend on the breakout or breakdown of this triangle. If BTC breaks below the triangle ($19.5k) then my target is $17k-$18k and if BTC breaks out from this triangle then my target is $22k from here.
Until we did not see any clear move, it's better to stay aside and wait for the breakout or break down.
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BITCOIN DOMINANCE AT MAJOR SUPPORT! BE CAREFUL WITH YOUR ALT BAGHello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Bitcoin Dominance update. Those who don't know, BTC.D works inversely with Altcoins. It means when BTC.D dumps, Alts will pump and when BTC.D pumps, Alts will bleed.
Now let's get to the chart.
Currently, Bitcoin dominance trading below 40 and it is at the major support level in the weekly time frame. Every time dominance comes at this level we have seen a pump and bloodbath in Altcoins.
BTC.D goes below 39.30 level only one time which happens in 2018. This 39-40 range is a very strong support so we see a bounce from here and if it bounce then be ready to see huge dump in Alts.
It's better to stay cautious now.
Invalidation:- Weekly close below 39.30 level.
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BTC: STILL IN A RANGEBOUND! HERE'S QUICK UPDATE....Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update.
BTC is trading in range from the last few days. It is trading between $19.5k-$20.5k level. Every time it reached at $19.5k level it bounces and when it reaches $20.3k level it got rejected. BTC needs to break either $19.5k or $20.5k level for a clear trend direction. Until then it's better to wait.
Bulls or bears fight goes on.
What do you think who wins?
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