BTC $12000+ or $5500 till Aug 2020? Strategy after halving! Guys this is a very important update so read it carefully.
I'll try to keep in as short as possible but there's too much information in the chart and we need to study only 3 important one of them to come to a possible conclusion.
1. The Global Resistance Trendline (White)
As you can see in the chart after many attempts BTC is trying to break above the Trenldine Resistance lately with a wick around $10045. iF WE OBSERVE CLOSELY BTC HAS NOT BROKEN IT YET.
2. THE 200D MA on Weekly (Violet)
It is an important indicator and yet it has not been retested yet after the breakout which still opens a door for lower prices in the future as low as $5500 to $6300.
3. The Violet Dotted Trendline
I observed this trendline has not been noticed by many people and I find it quite fascinating and think it can be retested in the run.
MACD RSI and many more indicators are still bullish though.
So what do we understand from this chart?
Unless the weekly closes above the $10800 mark I still think there's is a possibility of lower price depreciation, all the way upto $5500 to $6300.
We will wait for weekly close to see if we can break to the upside.
CONCLUSION:
SO DON'T BE CONFUSED, I AM WRITING THIS AGAIN IN SIMPLE WORDS, Break above $10800 will be sign that we've officially entered a possible 2 year BULL MARKET. If we get a strong rejection in the next 2 weeks be ready to buy BTC around $5500. My strategy will be to sell BTC around 10k and Buy back lower. If you want to know exactly when to buy and sell just go up there, move your cursor to my name and follow me for quick updates.
We will look into smaller Time frame too so that the picture becomes more clear.
If you like this idea please HIT that Like Button and share it with your friends. Also do not forget to read my other idea including the one which shows how we can see BTC around 132k within May 2022.
#PEACE
Cryptorphic
#BTC/USD Best spot to long!! Don't miss this!!Welcome to this quick update guys.
In this 4 hour chart we can see a bearish MACD Crossover happened and Price retraced below the global resistance line which is the red trendline.
Since BTC is acting too weird now with a lot of confusion and volatility I can expect BTC to trade under this expanding channel.
It is unlikely that BTC could reach the 9133 level but possible too.
IMO the best area to long would be the green zone which will provide better Risk Reward.
REMINDER FROM THE PREVIOUS CHART: Unless we break above the 10800 level there's still chances that we can see lower 6k levels.
CURRENT SUPPORT Levels are:
$9187 (Also happens to be the 50D MA).
$8827 (85D EMA)
$7800 (200D MA)
Resistance levels:
$10350
$10800
I will keep you updated, If you like this idea Please HIT that like button. Follow me and share this idea with your friends.
#PEACE
#WRX/BTC Best investment for long term.ALTCOINS may be pretty tough to choose these days.
You never know how much they can fall.
But If you choose the right one for the right term you'll be highly rewarded.
This is what I've learnt from my experience.
IMO WRX is best buy under 1400 to 1600 region.
WAZIRX is a token of its own exchange which is one the largest exchange of India a country with the second largest population and crypto got a green flag from their governement recently.
So fundamentally it's a good long term investment just BNB is for Binance.
Technically its trading under a falling wedge channel which is bullish in nature since the last 1 month.
We may see a breakout soon. RSI is in oversold area might see buyes coming in soon.
I have my 5% of Alt portfolio in this coin and buy more as it goes down.
Long term we can expect as high as 5x returns in the next 1 to 2 years.
Currently I've plotted the short term Targets and accumulation Range in the Chart.
TARGETS:
1.1776
2.1983
3.2088
4.2252
Period: Mid -Term.
If you like my ideas please hit the LIKE BUTTON and follow me for such updates.
#PEACE
#WRX/BTC Ready to pump 50% + Potential GrowthSorry guys for not being active since the last few days. Had some issues with the system.
In my last update I expected WRX to come down to these buy levels. Didn't expected it to come below 1450 but it's fine you got some discount don't you?
Now the chart looks extremely bullish and expecting it to START A POSITIVE RALLY SOON breaking all the resistances.
Indicators like RSI is oversold, MACD is bullish.
SUPPORT and BUY Range: 1340 to 1420
Target: 50%+.
#BTC/USD Broke the Resistance Now Ready for 9kHello guys, Welcome to this update.
BTC broke above the important resistacne Level around 7890.
It also broke above the 85D EMA (Purple line) in the weekly chart which is a very bullish sign as of now it is trading around 8130 area and trading just above the middle Bollinger Band(orange) level. It's highly likely it will try to reach the top BB line within the next few weeks which coincides with the long term Resistance Trendline since 20k. If that happens the price may surge to 9000+ area easily.This is the 7th green week so far. Also If it keeps on trading above the 85DEMA at the end of this week I'll expect 9k around the halving easily.
And after that we may see some retracement.
it's too soon to say that.
Now let's wait for BTC to show some positive momentum. I am long since 7200 and Still holding my positions.
Hope this idea helps. Please Follow me and hit that like button. It's free and helps me to make more content for you guys.
Thanks again
#Peace
#THETA Broke the Inverse H&S Now what?Welcome to this quick update guys.
Theta just broke out of the inverse head and shoulders.
The price bounced and I think it is a good position to book some profits.
And left 25% of position to ride in case it follows any of the scenarios shown the chart.
If you're not holding Theta or missed this trade. DON'T FOMO.
Buy on the retest of the trendline and put an SL 20 to 30 sats below your entry point.
Some of targets given in my previous updates have been fulfilled.
#RVN/BTC Re-entry TRADE SETUP. 15%+ Potential ProfitHello guys welcome to this update.
BTC has been doing amazing lately and so are the alts.
RVN had a nice surge after it touvhed the 208 level.
I am expecting it to retrace a bit and than continue it's runup.
Here's the simple setup:
ENTRY: 235 TO 239
Target: 15% +
Stop Loss: 225
Please hit the like button if you agree and follow me for latest updates.
#Peace
#BTC/USD Ready for $12k?Hello everyone. Thanks for coming by to my new Update on BTC.
#BTC seems to be going a bit sideways for the next few days.
The long term lower trendline support turned resistance is now broken and could easily work as a support.
Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA.
I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN.
IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement.
All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible!
Stay tuned I'll update other ideas with shorter TF for you to understand.
#Please hit the LIKE button If you like my charts and follow me for such updates.
Thanks again.
#PEACE
#ETH/USD Scalping Opportunity. Best Entry Zones here!Hello everyone it's been a long time I haven't updated on ETH.
Let's get back to the chart.
ETH/USD seems to be forming a Bullish Pennant.
You can place a bid around $190 and $200.
$190 is a strong resistance turned support region and 200 is a support as as 50D MA level.
Target could be:
$225
$234
$265
Stop Loss: $188.
I will keep you updated on ETH too.
Hit the like button if it helps and follow me for THE MOST ACTIVE updates.
#PEACE
#HBAR Brokeout. Missed?? Still 90%+ Profit potential. BUY HEREWelcome to this short update.
I am using the bittrex chart as it has got more data as compared to Binance.
#HBAR broke out of the falling wedge downtrend channel.
Many of you asked me whether you should buy this coin or not. Always recommended to buy. this asset as low as possible and HOLD.
Bought loads of HBAR aaround 400 sats and sold around 480.
I will be looking rebuy zone at the retest of the breakout channel(GREEN BOX)
I.E, 436 to 358
The Red Trendlines are the Long term targets--->
530
579
651
697
751
860
When the bull run arrives in Alts I expect a massive pump in HBAR.
Please HIT THAT LIKE BUTTON If you like my work and share your ides in the comment section.
Also follow me on Twitter and Tradingview for the latest updates.
#PEACE
#LTC/BTC Long term 250%+ Potential Profit.Hello everyone welcome to this update.
If you're looking for some long term investments, LTC is one of my favourite pick.
Let's get back to the chart.
The chart seems very bullish right now.
This certainly seems the bottom of this Chart.
Whenever LTC touches the black Long term Trendline support we have seen massive rally in LTC.
IMO This could be the best price to accumulate some LTC and add it to your portfolio.
Technically:
Double Bottom in Macro TF : Very bullish Structure.
Bullish Divergence in RSI.
Seems like a good point to accumulate here.
Stop Loss will be : 0.046 (In case it prints a new low which is unlikely)
If you like my work please hit that like button and follow me for latest Crypto updates.
#PEACE
#BTC/USD Holding USDT? This is where you BUY $BTC!!Thanks for all the love support and appreciation on twitter and tradingview.
If you read my last update you must know that we already broke above major resistances .
Right now it seems we are trading under a bullish flag channel which will eventually breakout to the upside hitting the local high Resistance around 9490.
STRATEGY TO GET INTO BTC IF YOU'RE IN USDT:
So IMO If you're in USDT you can simply place your buy orders on the important fib level 0.382 $7800 to $8210 or buy above the break of $9500 Resistance.
If you follow this strategy you won't miss the opportunity of the upcoming BULL RUN in BTC.
Please, all I ask you is to HIT that Like button. I know it doesn't matter to you but it gives me massive motivation to work on more charts for you guys.
#PEACE
BTC/USD Coinbase Weekly Clear PictureAlright guys firstly I need you to support me with your likes, comment and Follow.
In this idea I want to make it clear, when the body of a candle is very small body (very less difference in Open and close price) It is called a Doji pattern. The pattern shows indecision in the market. However we need 3 conditions to be fulfilled to have a completely bullish bias.
(1) We need to Close above the weekly Open: $7111 within the next 28 hours 40 mins! (When weekly candle Closes).
(2) We need to Break above the 50D Moving Average which is acting a resistance now.
(3) We need a break above 7800 for the confirmation. (Local Resistance).
With all due respect if we do not have all these conditions fulfilled am afraid we might test the orange line which is the long term support line as well as it coincides with the 200D MA (around $5k) which is less likely to happen IMHO.
So for now wait for the confirmations. If this insight helps you in any way please share it with the cry [to community.
Thanks
I wish you all good fortune.