Get started

Daily Charts

16-16.1K is a vital areaMorning folks, BTC performance looks weak, price is forming triangle consolidation after solid drop, which has more chances on downside continuation. Last time we have considered long entry on a pullback, and in general setup has worked nice. If you still keep longs - move stops to breakeven. If you do not have longs - do not take it by far. BTC could show minor upward action, and maybe re-test 17K area, but we're skeptic of extended bullish performance. Usually upward trend looks different. For the bears - watch for 16-16.1K support area. Downside breakout will be the vital point of short-term tendency turn into bearish and puts odds in favor of downside triangle breakout.
COINBASE:BTCUSD
by Sive-Morten
CHZ/USDT Analysis Technical in Daily 🌼😃Hi 🤞 As can be seen in the chart, the price has hit the resistance zone of $0.26 to $0.28 three times, but has not been able to cross it so far. One of the general nature of markets that traders are constantly involved with is a phenomenon called Stop Hunt or Stop Hunting; Stop Hunt occurs when a trader has entered a trade and has set his limit, after some time the price has reached the limit and activates it and exits the trader from the trade. Then the price movement is reversed and goes in the direction of the trader's analytical process. Recently, Chiles has formed a lower floor than its previous floor by hitting the resistance zone (Bearish Zone) and its fall, which has led to the breakdown structure (BOS) in the daily timeframe. This event causes the current uptrend (short-term) to change to a downtrend. If you look at the left side of the chart in general, you will notice that another BOS structure has formed, where the price has the ability to cross above the major pivot A at the $0.33 level. According to these two mentioned criteria, the general trend of this cryptocurrency is downward, and in the medium term, the price will drop below floor B, which is at the price level of 0.08 dollars, there is a high probability of happening. If the price breaks through the resistance zone of $0.26 to $0.28, it has the ability to reach the levels of $0.33 and $0.35 (weak scenario). Otherwise, with the loss of the $0.15 support area, the price is expected to react to the $0.1 and $0.08 levels. 🌈If you apperciate Arztoday Team work , Please like and comment , It Keeps us motivated to do better🌈 Arztoday Team🌟 Analyzer ✍: AR.Rashidi
by arztoday
4
18.5K pullback is possible nowMorning folks, Long term sentiment and context remains bearish. FTX accident now is coming from just corporate finance topic into political and corruption scandal. Its echo will sound for a long time and many delicate nuances could come on a surface. The major result is losing of the confidence of investors into crypto. Still, on a background of short-term dollar weakness and rally on other markets, BTC could try to make deeper upside bounce. Supposedly it could 18.5K resistance area and AB-CD upside target. See the chart. Thus, we could say, it is nothing to do for the bears by far, just watch what will happen with this pullback. Long-term bulls also have nothing to do. Scalp traders could consider position taking with 18.5K target. But watch the 15.8K lows - it is vital area. If BTC breaks it down this bullish scenario fails.
COINBASE:BTCUSD
by Sive-Morten
1
GBPAUD I Potential +250 pip upside Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
3
17.5 then 12.8K?Morning folks, BTC once again confirms our long-term view. Those who read our fundamental reports do not buy BTC. Of course we can't foresee the reasons why it happens, but even fundamental background stands against long-term investment in crypto currencies. Thus, our 16.5K target is done, which is also 1.27 extension of daily/weekly butterfly. Since BTC is not oversold and it has no solid support levels, now we see short-term pause due to speculators' booking. Supposedly retracement could reach 17.5-17.8 Fib resistance area and re-test broken consolidation border. Our next target is 12.5-12.8K, which is major weekly AB=CD target and butterfly 1.618 extension (not shown here). Take care, S.
COINBASE:BTCUSD
by Sive-Morten
3
XAUUSD testing a confluence 🦐GOLD on the daily chart found a support area in the downtrend. The price is moving inside a descending channel and currently is testing a confluence zone between the upper trendline and a resistance area. According to Plancton's strategy IF the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
10
dollar 120 ?dollar index is making higher high with higher lower between white trend lines from last peak it has made a abcde elliott wave triangle so key support level 109.600 which is testing both yellow and white trend line at the same time if support breaks than peak dollar (as cramer said on 24 October ) confirmed which translate into end of fed QT ( while inflation is still high). if support holds than 120 next high is coming , since dollar strength is driving everything so need to mention gold and euro
TVC:DXYLong
by Sangam-Agarwal
21.15K seems to be vtialMorning folks, BTC mostly stands in the same area, but still was able to complete our intraday XOP target around 21.6. Now it is not good idea to forecast something, as we should get elections result and CPI numbers, but, based on technical picture, it seems, the top of right arm, around 21.15K will be vital for both sides. If H&S starts to work, BTC will go to the daily lows, and potentially lower. Conversely, H&S Failure and move above the top of right arm shold open road for higher upward action. Correspondingly, bears could watch for minor bearish patterns on 15 min chart around 21.15K area to consider short entry and stop placement, while bulls should wait for the opposite - upside action back to the head's top will become a signal for position taking.
COINBASE:BTCUSD
by Sive-Morten
1
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart, in the 4 hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 21,235, if the support breaks down, the next support is $ 21,075, $ 20,954 and $ 20,834. Now let's move to the resistance line as you can see the first resistance is $ 21,559, if you can break it the next resistance will be $ 21,773, $ 21,945 and $ 22,177. Looking at the CHOP indicator, we can see that the energy has been used up in the 4-hour interval, and the MACD indicator shows a local upward trend.
by cryptodailyuk
4
GBPUSD Longs!Gameplan is to buy GBP. Yes, we still have a major bear down trend on weeklies and daily. On daily we have been forming higher lows & higher highs, with retest of current support + a nice bullish break. What would have made this trade IDEAL would've been fully engulfing daily bull candle to offset all the bear volume. If you look at the weekly, price is overextended and in need of a retracement before another bearish move can be made. On the daily, we have short term bullish structure forming and we have just held newly established support and made a good bullish break - very healthy bull candles coming off close to support shows plenty of momentum for GBPUSD in the week to come.
Long
by nick2497
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the downtrend channel marked with blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,507, if the support breaks down, the next support is $ 20,393, $ 20,304 and $ 20,212. Now let's move to the resistance line as you can see the first resistance is $ 20,632, if you can break it the next resistance will be $ 20,729, $ 20,811 and $ 20,886. Looking at the CHOP indicator we can see that in the 4-hour interval we have a lot of energy for the next move, while the MACD incident indicates a local upward trend.
by cryptodailyuk
Speculative double bottom on digibyteDigibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although this could easily end up a fakeout that sends digibyte lower continuing its downtrend, with so many alts recently seeing bullish surges there is certainly a chance this double bottom could end up playing out. If it were to it would be close to a 180% gain from this level. WE can see there is also a possibility here in the near future of a golden cross. The fact that many other alt coins have recently seen successful golden crosses with QNT leading the way, gives us bullish confluence that increases the probability that digibyte could also experience a successful golden cross in the near future. Still mostly speculation at this point, but just enough bullish confluence to keep an eye on this one and see how it develops. *not financial advice*
D
by DrDovetail
1
Back to neutral, with a tighter squeeze now.I am still waiting for another long position since March when we were at 47.5k! We are back in the neutral zone yet again with the bands constricting tighter around the center. The red resistance band up top is crashing down, while the support zone below DOUBLE bands. The support is looking stronger, and I am leaning towards long here, but not yet. We are entering November, December which is usually Bear months. I still need more confirmation that the current price can push towards the resistance.
COINBASE:BTCUSD
by coinofthewest
Fed puts bearish backgroundMorning folks, So, the Fed decision should not become a surprise for those who read our BTC fundamental reports. In last two weeks we've spent time for in-depth analysis to whether Fed stands near the pivot or not. And have come to conclusion that Fed remains tight, terminal rate should increase 4.5-4.75% widely anticipated level and move above 5%. Recent Fed statement was hawkish and puts bearish background for BTC market. BTC shows weaker reaction compares FX and gold market mostly because it has lost 60% of its capitalization and rest speculators have not enough funds to trigger big moves. Now, despite BTC stands by far above 20K area, we do not consider taking any new long positions and suggests that advantage stands on a bears' side. P.S. NFP also hardly makes impact on market performance. Because, indirectly, due to the Fed's tone, we could suggest that NFP numbers should somewhere around expectations.
COINBASE:BTCUSD
by Sive-Morten
BTCUSDT 01 Nov 2022 Long Term Analysis (Daily)Following a large number of requests here is my 01 November 2022 long term $BTC / $USDT analysis. #BTC I have made this analysis of the BTC USDT in order to determine a safe entry point for a long term investment. To date (01 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I estimated the latter using the Crypto Fear & Greed Index of the alternative.me website with a 70% chance of realization. The second, less likely scenario would be following the pump that we had this week a reversal of the trend in order to go back up on the long term. 30% chance of success. I have determined that the red scenario has a better chance of happening for various reasons: - Firstly the global economic conditions do not allow for a bullish reversal. - Secondly, we have a bearish divergence in the daily chart this week. - Thirdly the $18500 / $22500 range has not had a confirmed breakout with enough volume to speak of a long term reversal. - Fourth, the failure of last week's pump at the $20,800 resistance. At this time with the information we have I recommend not to buy BTC. Of course I would like to remind you that I am not a fortune teller, nobody can know how the market will behave. However, we can analyze it and with the help of the past and statistics, try to find the best entry and exit points However, if you have any questions, I remain at your disposal in the comment space. THIS IS NOT INVESTMENT ADVICE
Long
by UnknownUnicorn35464780
4
DXY on a pause? 🦐DXY on the daily chart is coming from a series of powerful high highs higher lowes and the main trend is surely bullish. The market anyway might be looking for a pause and on the chart we can see hoe the support trendline has been tested now. How can i approach this scenario? I will monitor the market during the US session and if the price will break and close below the area i will consider a short on the US pairs. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
TVC:DXY
by InkyGrip
18
20K is VitalMorning folks, So, BTC has started nice with upside breakout of the range, re-tested the border. But now it can't proceed higher to 20.6K target. Although, if it is really bullish, it should to. The reason for that is the Fed - they start more actively contract the ballance sheet trying to come up with the promised values of bonds' sell of. Thus, last week finally 20 Bln in MBS have been sold. Now QT plan is completed for ~65%, but they are accelerating. You know our bearish view on BTC. Fed is no near the pivot yet. Technical picture shows that bullish context is becoming weaker. Maybe some external drivers, such as Fed comments or NFP data this week could push it higher to complete 20.6K, but as it stands right now - I'm not fascinating with taking the long position. We suggest that 20K lows are vital here. Downside breakout could be treated as a signals to step in for the bears.
COINBASE:BTCUSD
by Sive-Morten
1
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,583, if the support breaks down, the next support is $ 20,455, $ 20,283 and $ 20071. Now let's move from the resistance line as you can see the first resistance is $ 20,796, if you can break it the next resistance will be $ 20,956, $ 21081 and $ 21,208. Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used, and the MACD indicator shows a local downward trend.
by cryptodailyuk
4