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Bitcoin -> Look At The Daily PatternHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was now turned resistance at the $30.000 level. You can also see that there is a next weekly support zone coming in at the $25.000 area, so I am now just waiting for Bitcoin to retest this next demand level before I then do expect another weekly rally towards the upside. On the daily timeframe you can see that over the past couple of days Bitcoin has been forming a very obvious falling wedge formation which is normally a bullish (continuation) pattern, so I am now just waiting for a breakout above resistance trendline and then I do expect another daily push to retest the $30.000 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
39
Ethereum -> Back To A Bullish MarketHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level. You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area. On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
38
BTC heading towards 24,400On the weekly timeframe, a trail of Elliot Waves show that upon completing the downward Elliot 1-5 wave to the 15k level followed by an upward wave to 31k, BTC is forming a new 1-5 downward wave, As per the Fib Extension, the third wave is prognosticated to end towards the 24,400 region and then retracing towards 25,300 before the final leg down to test the previous strong resistance levels at 23,800. The time range for the third wave would be in the summer months of June/July, particularly from 26th June to 24th July. To confirm this, MACD is also about to make a death cross and head towards red indicating a downtrend to be around the corner.
KRAKEN:BTCUSDShort
by AristotleIV
ETH Bearish ☁️ BTC to Bounce Back ⛅ XRP - Imminent Correction? Ethereum faces a slightly bearish market with downside risk in the next 24 hours while an imminent market rebound is on the horizon for Bitcoin, Binance, Avalanche, and Polkadot, as stormy weather approaches the global crypto market ⛈️. Over the next week, the cloudy skies predicted for Bitcoin and Ethereum signal a slightly bearish market with downside risk ☁️. Meanwhile, XRP faces tropical conditions 🌴, hinting at a market correction in the coming week. Stay tuned for more crypto weather insights and reports! Follow us to stay updated. 🌩️⛅🌈
BITSTAMP:ETHUSD
by ATTMO
BTC Rebound Ahead!⚡️🚀 Is XRP in for a Correction? 🤔An imminent market rebound is on the horizon for Bitcoin, Binance, Avalanche, and Polkadot, as stormy weather approaches the global crypto market ⛈️. However, Ethereum faces a slightly bearish market with downside risk. Over the next week, the cloudy skies predicted for Bitcoin and Ethereum signal a slightly bearish market with downside risk ☁️. Meanwhile, XRP faces tropical conditions 🌴, hinting at a market correction in the coming week. Stay tuned for more crypto weather insights and reports! Follow us to stay updated. 🌩️⛅🌈
BITSTAMP:BTCUSDLong
by ATTMO
Will ETH Rain 🌧️ and BTC Storm ⛈️ Lead to Market Turbulence?Ethereum, amidst stormy conditions in the global crypto market, experiences a "slightly" bearish market, while Bitcoin, Litecoin, Binance, and Polkadot face a very bearish market with downside risk. Investor sentiment turns somewhat pessimistic 😔 as May inflation figures surpass central banks' targets, signaling potential rate hikes. Uncertainties surrounding the proposed debt ceiling deal in the US Congress further dampen the mood. Over the next week 📆, Bitcoin is expected to navigate a slightly bearish market with downside risk, while XRP faces tropical conditions – 🌴 hinting at an imminent market correction. Stay tuned for more crypto weather insights and reports! Follow us to stay updated. 🌩️⛅🌈
BITSTAMP:ETHUSD
by ATTMO
Ada is starting to moveThe vertical lines show important dates according to Gann - The next date is expected to be January 23rd The nearest support zone is $0.33. The chart is unlikely to reach that far. The target prices are: $0.39 - An 5% increase $0.41 - An 11% increase $0.45 - An 22% increase $0.58 - A 57% increase In summary, the chart shows a potential uptrend with target prices ranging from 5% to 57% above the current price of $0.37. The vertical lines indicate dates where interesting price action may occur. The nearest support level provides a basis from which an upward move may launch.
by HamdanAlmasri
BTC, LTC Bearish ⛈️ ETH Slightly Bearish. Brace for Turbulence! Stormy conditions lie ahead for the global crypto market, including Bitcoin, Litecoin, Binance, and Polkadot. 🌩️ This translates into a very bearish market with some downside risk. Ethereum is an exception, facing a "slightly" bearish market with downside risk. The mood among investors is somewhat pessimistic 😔 as May inflation figures remain way above the central banks' targets. This signals additional rate hikes. Uncertainty about the passing of the proposed debt ceiling deal through the US Congress also weighs on the mood. Over a one-week horizon 📆 , Bitcoin is predicted to face a slightly bearish market with a downside risk, while XRP faces tropical conditions – 🌴 with an imminent market correction likely. Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
BITSTAMP:BTCUSDShort
by ATTMO
BTC, ETH ⛅️ XRP: Seeking Clarity Amidst Market Uncertainty? 🌴🤔Cloudy weather with some sun ☁️🌞 lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. This translates into a slightly bearish market with downside risk. Tropical conditions – very bullish with some upside potential – prevail for Ripple and Uniswap. 🌴 The deal reached over the long weekend on raising the US debt ceiling left investors unmoved. So did the indirect consequence of the deal: the taxes proposed by the Democrats, including a 30 percent tax on crypto mining, are blocked. Over a one-week horizon, cloudy weather ☁️🌞 with some sun for both major cryptocurrencies – Bitcoin and Ethereum. The outlook for Ripple is somewhat brighter signaling upside potential. Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
BITSTAMP:BTCUSD
by ATTMO
BTCUSD: Needs Breakout Before PumpToday's relief rally to $28,500 needs confirmation on both sides before we can see the broader picture. BTCUSD is currently making lower highs in a distinctive consolidation pattern, with tremendous support at $26,600 and multiple (failed) attempts to create higher highs. Here are some of my observations for both the bulls and the bears and I'll leave it for you guys to discuss in the comments. For the Bears: We need a lower high on the RSI before we can label this as a rejection off the red resistance line. A fall below $26,600 would make this rally a classic head and shoulders pattern, in which the price could potentially fall through the liquidity zone after its parabolic rise earlier this year. For the Bulls: The RSI has consistently been making higher lows since March 10th. This pattern is similar to the higher lows pattern that preceded January's liquidity pump after the FTX fallout, where BTCUSD rapidly rose up to meet the pre-fallout price levels. We would need a strong break through the red resistance line and a higher high to confirm that a macro rally has actually begun. My verdict: if a pump to $29,000 or $30,000 is coming, I don't think it is in today's rally. The RSI has risen too quickly when compared to previous macro rallies, and the red structural resistance hasn't been broken through. Rather, I believe today was an influx of capital because a) the opening on Hong Kong / China to crypto once again and b) the tentative debt ceiling agreement reached by the US Congress. Be sure to keep an eye on the red resistance line, and also the volume profile at about 29K. I will enter long or enter short depending on future price action and confirmation, but for now I am neutral.
INDEX:BTCUSD
by wbburgin
Is BTC getting ready for a rise?Based on the look of price action on the daily it looks like at least a temporary rise over the next 2-3+ days. The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which may definitely be of interest to market makers. So any new guys or anybody with short term shorts around this level on lower charts than the daily please be careful and keep an eye on your positions as you could be swimming against the current.
Long
by SunTzu_V
1