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Crytpocurrency

Bitcoin update - What's Bitcoins next step?Hi guys! In my previous analysis we talked about the head and shoulders that Bitcoin was making. Eventually the market did indeed create lower prices, and there where a lot of Altcoins that went -15%. However, Bitcoin didn't reach the Head and Shoulder Price Target. Some people are saying that this is now the moment where Bitcoin will turn around, and create new ATH's. But if you look at the weekly chart, you can see that if the 50 EMA doesn't hold the price up. We could be in for a bearish continuation. Back in April, when Bitcoin dropped 24% from it's ATH - the MACD made a bearish cross and then the price dropped 55% if you look at it from the ATH perspective. Now in the present moment, Bitcoin dropped 28%, and the MACD made a bearish cross again. This means that if the price will drop 55% like it did in April, we could see prices around 30k. But, and this is a big but. Back in April, the 50 EMA acted as support. If this happens again, then we won't see such a drop like in April. Because you can see that the market is currently reacting to the 50 EMA . So conclusion is, that if Bitcoin doesn't break the 50 EMA , we're okay. As always, don't forget to like this idea so you can support this. And if you don't like my analysis, feel free to follow me.✌️
by EliteTradingX
2
DUSKBTC Hi Everyone, About Me: I dont consider myself trader or financial adviser, I am newbie in this industry and trying to learn about Financial Markets and trading. My sole purpose of sharing this idea is to get feedback and constructive criticism. I am self studying and in extreme need of a community who help me to learn faster and correct me when i am wrong. I will appreciate if you give me some kind of feedback and suggestion to improve my idea/thought process. Thanks. Thought Process: First thing that i look is projects fundamental, tags, market cap, little twitter and google search. Second i look for current market structure of the chart. To me, DuskUSDT for now looking like in a long accumulation phase. I try to apply the Wyckoff Accumulation Rules and i think they are very reasonably placed on the chart. Third, i will go for leading and momentum indicators. for this, i find OBV is increasing over all this accumulation time, RSI is also above 50. Volume is spiking up on Green Candles, and less volume on Red Candles. Forth, I found this project interesting both fundamental and technical point of view. Fifth, I am not trading any instrument yet, rather i just hold some for longterm or maybe till major pump. Sixth, So far i use my TA to find the undervalued or overvalued projects so that i buy on reasonable price. Last, you can find some project detail in below. Thank you for your time. Project Key Features: Dusk Network: the Privacy Blockchain for Financial Applications. FAST & CONFIDENTIAL TRANSACTIONS Strict on-chain data privacy via Zero-Knowledge proofs. Dusk Network is technology for securities. An open source and secure blockchain (DLT) infrastructure that businesses use to tokenize financial instruments and automate costly processes. There are already almost dozen of use cases elaborated on their website. Above content is copied from the original website Market Cap> $159,278,447 Max Supply: 1,000,000,000 Total Supply: 500,000,000 Circulating Supply, 38% > 383,163,706.88 DUSK Tags: Marketplace Privacy Smart Contracts Some of the Content copied from Website given below: dusk.network coinmarketcap.com
Long
by CryptoCaffiene
Bitcoin Update - What will happen now??Hi guys! It's been a long time since a did an analysis, sorry about that thoooooo! Anyways, you can see a Head and Shoulders on the chart. Don't understand why everyone isn't talking about this. On this chart, you can see that it seems like the support level has been broken. However, on the 1 hour time-frame, there's no confirmation that Bitcoin will actually go down. Why? Because it can be retesting the support level or it can turn out to be a false breakout. If we look at the RSI, we can see that there's a divergence. But, we can also see that the RSI broke the trendline that was acting as a support level. So what is the conclusion? If the the Head and Shoulders will play out, we can see a price movement towards $43713.29. If the price goes up, then this was a false breakout. But keep in mind, Head and Shoulder Patterns play out more than 80% of the time. Either way, the market will tells us wether we should take a buy order or sell order.
by EliteTradingX
[TRX/BTC] Tron vs Bitcoin Inverse H&S - Long [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... Tron has seen significant strength and gains with its popularity amongst the crypto community Due to this its formed an inverse H&S and about to break the neck line which means a buy signal for this coin/pair Indicators are showing bullish signs, we just came out of overbought last week and plenty of momentum to carry on up as the market gains more confidence Purple lines are the resistances/targets at 430, 499, 586 & 745 Sats Stop Loss is at 342 (just under right shoulder) Looking to enter around 372-380, we're pretty sure bitcoin market can bring price down again to a good entry point use no more than 2% of your total account disclaimer: this is for entertainment purposes only and not be considered trade advice
Long
by majorlee
1