ETH/USD SELLWe have seen a rejection of a key Resistance price with ETH. Next will be a retest of support. Idea supports a sell and retest. The first zone we will test will be the 1400 zone and then all the way as low as 1100. I have included 4 Potential Take Profit Levels based off price action and the Fib Retracement tool. Please let me know your thoughts on this set up! And if you agree give me a follow for more ideas from MayTrade.
Cryptos
Bitcoin Buy Idea"Finally" (a bit painful lol) bitcoin is in a situation that might be a good opportunity to get in and buy at a good price.
As always that's a 50/50 (no crystal ball) but if we are believing to the pump to $30k scenario, then (<$20k) is the technically correct price to buy in low.
There's a bit of earthquake right now in the market (fundamentally), with silvergate crashing and also various banks having liquidity issues and new taxes on bitcoin mining being discussed and other scary situations coming every day, but from a technical analysis point of view this current point is a good risk-reward ratio for a buy (i guess?), we will find out soon for sure!
No financial advice
Bitcoin: Opportunity knocks for Smart Investors.Hello traders.
I hope we didn't lose any money in trading Cryptos this week. BTC is currently at a price where it was supposed to be which, if you're familiar with the my past price prediction of Bitcoin published in my very first article, was predicted at $19k - $20k.
Now, as I've mentioned in that article, I will wait for some sort of confirmation to be validated before executing my long position.
Unless the charts don't show me what I want to see, I'll not enter any kind of trades.
Bitcoin Returning to the 16000 Support RangeIt looks like it is that time again when EIGHTCAP:BTCUSD goes back down to 16000 price range. it might be a slow burn this time taking us another week or so. On a very optimistic outlook next week we should see that price range. With no further support there is only one thing to do and that is to fall. Lots of support in the 16000 range. We should hold there until further action occurs.
Bitcoin short-term update 🐻🐂👀Bitcoin short-term update
(a) BTC just reached my bearish target of ~$21,913👀
(b) next bearish target at $21,595 🐻
(c) next bullish target still FIB golden pocket at $22,750🐂
How was your day dear Crypto Nation?😎
Comments💭Likes & Follow🔗appreciated🤗
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
BITCOIN LONG Trade 20230308Signal: Blue * 3
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
ETH:The analysis of ETH's future market situation is as followsETH as a whole is still in a wide range of oscillations at the daily level. Technically, ETH failed to break through the 1590 position, and a new bearish reaction appeared after forming a high near 1583.It fell sharply below the levels of 1550 and 1540.The low formed near 1535.The daily chart is suppressed by the moving average of technical indicators, and the opening of the Bollinger band is downward, the overall market of Ethereum is still running short.
At the small level, the current small-level rebound market is under pressure near 1565. This position happens to be the intersection of the short-term moving average of the 20th and 30th moving average, which plays a role in the market. The market is under pressure, and with the current technology showing kinetic energy, it is difficult to support the rise of Ethereum and make a breakthrough, so the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, from this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, it will be difficult to support the rise of Ethereum and make a breakthrough. Therefore, the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, From this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, when If the kinetic energy is exhausted, a new round of falling markets may begin.
So in terms of operation, Ethereum can enter with empty orders near 1583-1590, below the target level of 1540.
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BINANCE:BTCUSDT BINANCE:ETHUSDT BITSTAMP:BTCUSD BITSTAMP:ETHUSD COINBASE:BTCUSD COINBASE:ETHUSD
Successfully won the rebound of Bitcoin,how's the future market?The operating idea given by Bitcoin yesterday was to go long near 21800, very accurately grasping the vicinity of the lowest point in the short-term, and got a relatively good rebound profit.
On the fundamental level, after Powell's speech, the sharp rise in the US dollar will pose challenges to global non-US currencies and risky assets, suppressing their prices.
On the technical side, after Bitcoin fell yesterday, it broke the extension line of the low point of the daily K-line, breaking the short-term strong trend and returning to the weak range. The short-term pattern is bearish, and the high point of the recent rebound of the daily line forms new resistance. Together with the short-term moving average, it suppresses the rising Bitcoin market, while the technical indicator MACD diverges downward, and the downward momentum is strong, and the overall still shows that the Bitcoin market is running short.
So in terms of operation, Bitcoin can be shorted at the position of 22600, near the target position of 21900.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT INDEX:BTCUSD BITSTAMP:ETHUSD
After the Bitcoin market fluctuates, how to choose the directionBitcoin, judging from the daily level, the current price as a whole remains within the range, but there are obvious signs of decline in the price operation, and it tries to break below 22,000 US dollars, forming a long shadow line.In terms of technical indicators, the opening of the Bollinger band is downward, while the short-term moving average is suppressed downward, and the MACD is downward, and the short-term bears have the advantage; however, Bitcoin can recover to above 22,000 after breaking below 22,000, indicating that the current market sentiment is not overly bearish. In the fluctuation of the K-line, beware of the possibility of retracement of the K-line to induce short-selling.In addition, there will be greater news stimulus on Wednesday, and we need to pay attention to it.
Judging from the 4-hour chart, the currency price is still in a state of shock and sideways trading, and the sudden short-term decline may be to wash out unwavering retail investors, but also for the arrival of a big news market brewing tomorrow, the box support below and the support of the 22,000 integer mark are still valid, so you can still consider going long at a low level in terms of operation.
Operation idea: Consider going long in the low position near COINBASE:ETHUSD 21800, and the first target position is 22600.
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BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD
BTCUSDTBTCUSDT daily chart, you can see that the price is below the 25288.50 level which is a key resistance zone. And it also indicates a downtrend. This week, if the price fails to break through the resistance 23276.42, expect further declines. Wait to sell the red zone, targets 21780, 20937, 19853 and 18700 >> GooD Luck 😊
Bitcoin is facing a key decisive battle, will the bulls rise?
As of the update, the current price of BTC/USDT is US222,438, and the daily performance still shows a short trend, but the current price has been maintained at a small fluctuation, not quantified, this situation is much like just after an unusually intense exercise, you need to calm down.The current position of the daily line near 22500 is the key. If it can stabilize at this position, then the price environment of BTC/USDT will be greatly improved; there is even an opportunity to rebound to the 23700 mark; and once the 22500 position cannot be held, then BTC may fall to the level of 22000 or even 21500.
Judging from the 4-hour chart, the price of BTC is gradually shifting upward, and the MACD technical indicators are gradually rising. However, in terms of strength, the short-term will not rise too high. It is estimated that there will be no major fluctuations in the first few days of this week, and it will run in the range of 22200-22700.
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MATIC BREAKOUT SOON!!!MATIC
4HR Falling Wedge
4HR RSI trendline
4HR EMA resistance
BREAK = BULLISH
LETS GO!!
Bitcoin Long Trade 20230304High Risk Reward Trade
Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Will Maker Continue Its Rebound?Maker has rebounded recently, but how stable is this renewed bull run?
What is Maker? Maker (MKR) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is a governance token used to manage the MakerDAO platform, which is a decentralized finance (DeFi) protocol. MKR has experienced some recent market trends and developments, so let’s the potential growth prospects of this cryptocurrency.
MKR's Rally
MKR has started rebounding from the descending channel that it has been stuck in since May 2021. It broke from its descending trendline it has been stuck in since August 2021, and crossed above the 200 Simple Moving Average (SMA), which acts as mobile support and resistance. These two indicators suggest MKR has turned bullish, and investors should keep an eye on this cryptocurrency.
While MKR had a big day on Wednesday when it increased by 17%, it is unclear whether this strong rally will continue. Currently, MKR is slightly overbought, which means that the price may start to drop or range. Historically, each time MKR reached overbought levels on the Relative Strength Index (RSI), it started falling or ranging. However, it's essential to keep in mind that the RSI can be overbought for a few days, so it doesn't mean that it will change its current trend immediately.
Support and Resistance
If MKR starts retracing, the $700 and $500 support levels are ready to step in and halt the retracement. These support levels have been significant in the past and have helped to stabilize MKR during bearish phases.
On the other hand, if the rally continues, the next resistance stands at $1,700. This level has been a significant support in the past. If MKR manages to break above it, it could lead to further growth in the cryptocurrency's price.
Bottom Line: MKR recently rebounded from the bear market and crossed above the 200 SMA, suggesting that the cryptocurrency may be turning bullish. However, it is uncertain whether this rally will continue, and investors should keep an eye on the support and resistance levels mentioned above.
BTC Might soon back !!!BTC took monthly support which was earlier resistance during the period of 2017,2019 and 2020.
On weekly TF its in the range of lower high range with a bullish divergence on daily if it breaks 20500 then we can se 15k soon as per structure.
Again on weekly if 25500 is broken then we might see the next bull run.
Sentiments suggest positive for future but structure still remains down.
Note : this is just a possibility of bitcoin in the upcoming period not a recommendation.