BTC, BNB - Bearish Conditions🐻 Sunnier Outlook for ADA ☀️The global crypto market faces cloudy conditions over the coming 24 hours, signaling a slightly bearish market with downside risk for Bitcoin and Binance after the Fed hinted at further rate hikes and the ongoing lawsuits from the US regulator weigh on the crypto universe. Trading signals for Ether indicate rain ☔️, meaning that a market rebound is likely over the one-day horizon.
Over a one-week horizon, sunnier conditions ☀️ lie ahead for Bitcoin, Binance, and Cardano where a slightly bullish market with upside potential is seen. Ether and XRP face less favorable weather, with clouds ☁️ and rain ☔️ ahead, signaling a slightly bearish market with downside risk.
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Cryptolevels
THE RETURN OF BTC BELOW 23KBTC seems at this moment is not the best time. depending on the technical view it seems that BTC has a high chance to break down and even the 23K target is a possible target for the coming time. This is not all, if we have a trend fall BTC could break down under the 20K. So far we are not and we should focus on the moment trend.
BTC volume seems to lose its structure day by day, this can come with the latest SEC trends, and more factors that could let the price break down.
As a day trader knowing what your plan is and handle to it, for a long-term hold, is the same to follow your plan with the right risk management.
This is crypto and it can go all sides.
The moment trend seems bearish, and we will follow if this will keep the breakdown coming to the important 23k target.
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle
- This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish
- The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ )
- Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it
-We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here
- The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone
- Shorts target for June is ( 22,009 $ ) Weekly Zzone
Capitulation before more Longs ♟️Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against major Crypto exchanges. ( Binance & Coinbase ) The Market is creating Lower Lows and Lower Highs on the Daily timeframe. With the current weekly candle closing bearish in 20 Hours, I can't help myself but observe some fresh bearish pressure to begin the new week. This is something I have observed quite frequently when the Forex Market trends. All markets come down to supply and demand and Crypto is likely more of the same. A Weekly candle will likely create top and bottom wicks but if it doesn't, that's why we exit the market to cut losses short.
Ripple Multi Time Frame Analysis - 4 hourly chartRipple Multi Time Frame Analysis dear Crypto Nation - here you are🤗
1/3 - 4h chart:
After a bullish EMA20 & EMA200 cross both lines might come close together again at least.
A bearish correction to FIB golden pocket and Volume profile to $0.46 would be still healthy.
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants.
The market may do as it wishes whenever it pleases. Like the wrath of a god.
We are not gods. We are humans and not one of us is invincible.
Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea.
Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is.
These are principles that the trader learns along the long and painful journey to profitability.
This is how the Average man , through patience and diligence , may become the greatest of warriors.
And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's.
The latter has probabilities in favor.
Reasonable Crypto Trade on weekly ZEC chart?Reasonable Crypto Trade on weekly ZEC chart?
Risk/Reward Ratio = 15
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Bitcoin -> Don't Miss The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly resistance area which is now turned support at the $25.000 level.
You can also see that overall market structure is still bullish, Bitcoin also created a long term inverted head and shoulders since June of 2022, so I am now just waiting for a retest of the neckline at the $25.000 level and then I do expect the next bullrun to start from there.
On the daily timeframe you can see that over the past couple of days, Bitcoin has been creating an obvious falling wedge formation which is always considered a bullish continuation pattern, so I am now just waiting for a breakout above the resistance trendline before I then also expect a daily rally to retest the $30.000 psychological resistance zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC, ETH - Sunny Market with Upside Potential ☀️📈🌴 Tropical conditions 🌴 – some upside potential 📈 – prevails on the global crypto market in the coming hours, as investors consolidate their positions following the SEC’s targeted actions against the US crypto universe earlier this week.
Over a one-week horizon ⏳, the sunny conditions ☀️ remain, signaling a slightly bullish market with upside potential for both major cryptocurrencies – Bitcoin and Ethereum. 💎
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
Bitcoin's Tropical Bullish Trend 🌴 1-Week Outlook - ☀️Sunny trading conditions – a slightly bullish market with upside potential – lies ahead for the global crypto market over the next 24 hours, as investors may reenter the market following the US regulator’s various court actions earlier this week. 🌞 🚀
The weather is however tropical 🌴, very bullish with some upside potential for Bitcoin. Over a one-week horizon, the cryptocurrency trend remains sunny – positive – signaling upside potential. 📈💰
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
Bitcoin: Sunny Outlook Ahead! 🌞✨🚀 Sunny trading conditions – a slightly bullish market with upside potential – lies ahead for the global crypto market over the next 24 hours, as investors may reenter the market following the US regulator’s various court actions earlier this week. 🌞 🚀
The weather is however tropical 🌴, very bullish with some upside potential for Bitcoin over the next hour. Over a one-week horizon, the cryptocurrency trend remains sunny – positive – signaling upside potential. 📈💰
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
HOW TO MANAGE YOUR LIFE AND TRADINGHello traders, today we will talk about how to manage your life and trading
Hey! When we all started, we encountered some trading challenges.
These issues typically arise in the first year of trading. By year's end, the majority of traders had lost all of their money and had given up forever.
In essence, this was brought on by excessive trading and a lack of knowledge. Trading requires certain skills and techniques, much like many other professions, which you can learn and use to achieve success. But if you're just starting off, you probably don't even know where to begin.
PROBLEMS: Constantly worried about deals.
This point greatly depresses you and diverts your attention away from other vital matters.
- Personality and emotional losses
When you start losing money too much, it might be difficult to recover, and attempting to do so will just result in further losses.
- Confusion of mindset
Like every sadness we experience in life, this one clouds our ability to think clearly.
Rushing into new professions
Overtrading is a mistake that many traders and investors make, and often results in significant losses.
- Investing all of your money in assets.
Write me a comment if you've ever tried trading with all of your money!
Due to this issue, trading has turned into gambling and new traders are losing too much money.
Solution: Schedule your trades.
Concentrate on upcoming trades, plan your entries, take profits, and halt losses. It should be planned, and if something doesn't work, you need to fix it and try again, just like in any other firm.
- Make modest deals
Start with little trades when trading; don't hurry things if you won't be wealthy until the end of the year. But first, master trading, and make sure you've gained knowledge from both losses and triumphs.
- Emphasis on manageable risk
Yes, only 10% of traders make money each month; the other traders struggle somewhere in the middle. Before starting any new trades, attempt to understand your risks to ensure that you will be among the 10% winners.
- Implement trading system
You must experiment with many techniques and tactics before you can determine which trading criteria work best for you. Your trading system should fit your personality. You will be fine and closing months in substantial profits once your trading method is set up, though.
- While trading, take pauses.
When there is nothing to do on the market, take a deep breath and relax. Make sure you have time for other things. Try to arrange your trading time. The market is here to stay:
This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
Fake Breakout / Fakeout BTC 🔄This view of BTC comes from a background of Price action trading. Trading Fakeout's are quite common in the Forex market and have proven to be a cornerstone of my Trading Strategy.
Fakeout's occur on all timeframes and take the market for an unpleasant ride. Traders Buy the breakout or in this case Short the breakout hoping to jump on the train and continue to lower prices. The liquidity that is generated is consequently used by large players to
1) Scale out of their short positions and
2) To gradually accumulate opposing orders ( In this case Buy orders )
Fakeout's are not hard to anticipate and are somewhat similar to trading support and resistance levels.
The only difference being the sequence in which the market sets itself up prior to the support and resistance bounce.
In this case we can observe that the price on the Daily timeframe has been bouncing between 26,400$ and 27,400$ since May 12.
Price recently closed quite the bearish candle on June 5th ; closing outside of our previously mentioned range.
A good Risk/Reward idea suggests that we may bounce from the bottom of the range.
Matic price actionMatic is moving in a descending channel and is right now testing its 3 hour support. If Matic breaks its trend downwards, then we can see Matic testing its 6 hour support region; however, if Bitcoin pulls back up, then we can see Matic moving towards the mid range mentioned in this chart.
XRP, ETH 🌴🌞; BNB, BTC, DOGE 🌥️🐻⬇️? The mood is tropical – very bullish with some upside potential – for Ether and XRP today. 🌴
On the other hand, clouds with a hint of sun lie ahead for the global crypto market, including Bitcoin, Binance, and Dogecoin, in the next 24 hours. This signals a slightly bearish market with downside risk following the latest regulatory crackdown.
Over a one-week horizon, a slightly bullish market with upside potential is expected for both Bitcoin and Ethereum. 🚀
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BTC Faces Headwinds 🌬️ Can BNB Rise Above the Storm? 🌩️Bitcoin faces strong headwinds 🌩️ – signaling a downward trend – in the next 24 hours following the US regulator’s latest crackdown on the US cryptocurrency market. Binance Coin, which is the cryptocurrency in the regulator’s sights, faces sunny conditions signaling upside potential. ☀️
Over a one-week horizon, a slightly bullish market with upside potential is expected for both major cryptocurrencies – Bitcoin 🚀 and Ethereum 🌟. Smaller altcoins, such as Binance Coin and XRP 🔥, should also benefit from this bullish mood and have upside potential. 💼📈
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BITCOIN - DESCENDING TRIANGLE📉Hello Traders👋🏻
On The Daily Time Frame The BTCUSD Price Reached A Support Level (27252.96-26525.00) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
The Price Formed a Descending Triangle Pattern📉
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 25373🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
XRP: Correction Ahead; BTC, ETH: When Will the Clouds Disperse? XRP is experiencing an extended bull market, signaling an imminent market correction. 📉 XRP has rallied 14 percent in the past month when its competitors traded in negative territory on the XRP community’s hopes of an imminent court decision in its favor in the US.
On the other hand, cloudy weather with some sun – a slightly bearish market with downside risk – lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. 🌥️ But fear not! Over the one-week horizon, the trend points to a slightly bullish market with upside potential for the crypto market. 🚀
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BTC, ETH: 🌥️ XRP: 🌴 Brace for Correction?Cloudy weather with some sun – a slightly bearish market with downside risk – lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. 🌥️ But fear not! Over the one-week horizon, the trend points to a slightly bullish market with upside potential for the crypto market. 🚀
Now, let's talk about XRP - an extended bull market with an imminent market correction likely. 🌴📉 XRP has rallied 14 percent in the past month when its competitors traded in negative territory on the XRP community’s hopes of an imminent court decision in its favor in the US.
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈