BTC possible decrease Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds from the 50 day moving average it should pass all time highs of $67,544 to possibly see $100,000 by mid January.
Cryprocurrency
Weekly outlook for Major Crypto Pairs (BTC, XRP)Hi there, just a little overview on some crypto pairs and overall outlook of the crypto market.
This is not a financial advice, please be cautious before investing in crypto. Do your own research before taking an actions.
BTC CORRECTION - BULLISH I would argue we are ready to move up,
chart is clear
25th of Oct is important price movement. I favour going bullish tho
( emotional chart, I would take this chart seriously lol )
GBPUSD Short idea reentryGood Morning everyone, in case you missed it my short position from yesterday is in profit about 70 pips right now. It’s not too late to secure an entry. Currently price is sitting around 1.37500. If this level can hold then price could make its way back up to 1.38000. This is an area where i will be taking another short position with a stop loss at 1.38175. Long range take profit for me is 1.36500. This is one of many updates to come for GBPUSD. If you like this idea and it lines up with your own technical analysis don’t be afraid just hop in the trade. Please like, comment, and follow. Happy trading everyone
VET - is going to break this trend line🚀🚀Most coins show the same pattern on the graph. Almost all altcoins are near the trend line . A break or retest would be a good buying opportunity.
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.
AXS/USD Axie Infinity-US DollarLong Positions Weekly ChartHi All
This Instrument has a good chance to go to a new high, I cant add moving average or many other indicators since not enough data.
So I use Price Structure to find out the support and resistance and Fibonacci Extention levels.
ETH Showing Nice Bottoming PatternETH looks like it has put in a medium term bottom. Long with stop below recents lows, exit at $3590 Volume Hole.
DOGE weekly with Median LinePotential Center Line pullback on watch here.
Alert placed right on the red segment trendline.
This chart should be considered as part of related previously posted ideas.
IOTA/USDTIOTA/USDT
MIOTA has been on major bullish recently following the corresponding support of the market.
MIOTA has gained by around 67%, and these gains are expected to increase if the uptrend continues
MIOTA is trading at $1.1156 at the time of writing after a 12.4% gain since last week.
Oversold tokens ABOUT TO BLASTHere's an example on how I made profits just buying an oblivious token that had all the OVER SOLD signals. I'm using a set of indicators that showed me volume against price spread, RSI extremely low, and everything else. At any moment, it blasts up. Sold already. Gonna find another dip.
Uni/USDT 1 Day Chart With targetsThis is a mid term Hold idea. There are also targets on this Chart. It’s would be best to look for a retest the move has already started. There is now a clear break above the 200 Moving average on the Daily Chart. This has the absolute most upside. All of the retests look to be over as of right now.
ETHUSDT 2 August Time frame: 1DHi traders and welcome to my channel ...
Ethusdt is still in a range in the daily chart but as you can see price create W pattern and I think it’s going to pull back to the neckline around 2232.80 for first entry and 2173.43 as second entry then up to next level of resistance area at 2992.58 and 3397.70 for long position
For short position
if price breaks 1706
TP1:1585.50
TP2:1466.20
TP3:1220
*Support this Idea with a like or Comments if you find it useful*
Good luck guys and be careful
Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
OMG/USDT- HS spotted.
- Nice triangle drop curve arrow.
- Low volume.
- Targets signed.
*Please share your opinion on it, write in the comments.
Teşekkürler.
Chiliz DreamsAccording to my previous idea, btc correction may make some changes in chz price, but upward move is continuous
warning: consider stop loss in chz , assets with high changes in short time may make significant loos or profit
DOGE Trade Setup1- CONSIDER STOP LOSS
2 - this idea does not mention TIME, ONLY the price movement is analyzed
3- this is only a technical analysis not a prediction
BTCUSDT Analysis UpdateHi, traders!
Today we will tell you about the Bitcoin and give you our point of view with regards of this token. Well, we still bullish. We still believe that BTC is able to push the limits more and more and show the world the power of crypto. So, let’s go beyond words.
Not so long ago Tesla sold 10% of the company’s BNC deposit. Some people found as an act of fear of Musk. However, let’s dig deeper. 10% is considered to be very small part of their BTC deposit. Moreover, we find it a way to gain money fast, because they need them to report to investors. As you see market has showed no reaction on it.
Let’s have a look on the chart. At the first sight it seems to be choppy. However, we see a great support levels of previous price action demonstrated by Fiba Retracement levels and EMA. Thus, we are sure that probability of further growth is extremely high. Here are some scenarios of probable price action.
Scenario A
Short-term consolidation between 0.382 and 0.5 Fibonacci levels and further growth with mid-term consolidation in “golden pocket” (between 0.5 and 0.618 Fibonacci levels) with break out over the 0.618 and even higher.
Scenario B
Bears will have a small win and the price will go down to 0.382 and lower. On these levels lots of alerts are pointed, that’s why the price will anyway reject from these levels and pump.
DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
CRYPTOCAP "Road to 2 Trillion... now 4"**Educational Purposes ONLY**
I've been charting the "Road to 2 Trillion". What a ride it has been so far!
Now we march on to $4T as this Bull Cycle continues on.
Looking forward to watching this one play out!
-MUNC3
Filecoin=$$People think filecoin is over, me personally I believe it's just getting started I see a potential breakout after completing triangle doubters always get left! With nfts being stored, to being on greyscale major China adoption and the biggest use case is storage!!! Let's go!!! Not for financial advice 😎🚀🚀🚀🔥
PayPal's impact: what does the future hold for BTC?
Bitcoin has grown more than 100% since the beginning of 2021 (at the time of writing). Recently the price hit a new high of over $60,000. The question is, what does the future hold for BTC?
Bitcoin has a market cap of $1,103,674,128,271, and the circulating supply is currently at 18,670,806 BTC out of the maximum supply of 21 million. $64,470,007,038 worth of BTC has been traded in the last 24 hours (as of April 1st, 2021).
The latest driver that pushed BTC price up was news from PayPal, which announced their new service PayPal’s Checkout. It will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and Litecoin (LTC) to be seamlessly converted into US dollars or other fiat currencies when making purchases, similar to how a credit or debit card would work inside a PayPal wallet.
In October 2020, PayPal added the ability to buy, hold and sell cryptocurrency, so crypto-assets became a payment method for the 29 million or so online merchants connected to the fintech giant. Since introducing the crypto service, PayPal has increased weekly purchase limits two times, first from $10,000 to $15,000 and then to $20,000.
Checkout service by PayPal is the next chapter in driving the mainstream adoption of cryptocurrencies, promoting its ubiquity and mass acceptance and enabling making purchases with it at businesses around the world.
This news has had a positive impact on BTC price, as far as providing an opportunity for society to use crypto easily and more actively.
BTC/USD price is still primed for an upward move. However, since reaching its last all-time high (US$61788 on 13 March 2021), it has retraced below US$51,000, which was one of the strong resistance levels on its way up. This means that the price could again linger under this level as significant resistance.
The following are major support and resistance levels that traders should keep in mind:
Resistance Level (R2): 61485;
Resistance Level (R1): 59412;
Support Level (S1): 56478;
Support Level (S2): 54095;
Support Level (S3): 50988.
There is increasing positivity around cryptocurrency and Bitcoin. Visa announced this week that it is testing out payment functionality using USDC stablecoin, a cryptocurrency held at parity with USD, on the Ethereum blockchain, via crypto-backed Visa cards.
Massive institutional adoption by companies like PayPal, Visa, MicroStrategy, Tesla, Square, and many other projects is a fact in favor of the price going much higher than it is now. However, this is not investment advice, and you should make decisions solely based on your study of the market and how much risk you are willing to take.
Olga Prokhorova, VRM trade
