Digital Gold-Bitcoin has a potential.COINBASE:BTCUSD
It has a chance to go above from this price on daily support from long time now and generating high volumes now which we can expect a breakout from here.
keep it in watchlist.
Digitalcurrency
ETHEREUM BEARISH SCENARIOETH price may find support near $1,315, and a bearish breakthrough of that level might open the door to more selling to $1,275. A lot of uncertainty on crypto regulations is pulling investors from classic projects like ETH and BTC and pouring into the new generation of crypto assets such as Solana and Cardano. SEC is pressured and this is considered a ticking bomb with multi-directional shrapnel that might end a few giants and crown the new era.
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30% SHIBA INU UPCOMING CRASHShiba is in a bullish pull back of a bearish market structure, after reaching the resistance block where it will be touching the resistance line of a correction for the third time meaning within the structure...the will be a high probability that shiba will be selling
BTCUSD Short Target: $10,000 to $14,000
Why?
1) Gold and Silver appear to be nearing bottoms.
2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use.
3) Contrary to bitcoin's stellar performance in the wake of the 2020 covid-related equities sell off, I am betting that price declines and volatility in the equities markets is bad for the price of bitcoin at this point in time.
4) Additionally, I believe non-professional and amateur stock traders with significant capital will find better results and more significant capital appreciation trading orthodox commodities like energy, metals, livestock, and agriculture.
5) Finally, I believe political pressure will result in legislation that allows economic superpowers to sanction cryptocurrency transactions similarly to how swift transactions are sanctioned during times of global conflict.
But, as always, this is just one opinion!
The markets don't care about us.They act as they know, often don't give us what we want.
* The purpose of my graphic drawings is purely educational.
* Never take my personal opinions as investment advice, you may lose your money.
SOL/USDT too might follow BTCSOL/USDT breakdown of the bearish flag which means the possibility of selling to complete the WEDGE pattern is most likely to happen.
Thanks
BTC BEARISH FLAG BREAKEDOWNBITCOIN bearish flag on point to cover the space of long-term buyers. Well, investors should be getting set for a long time investment. 17k is the next key support of BTC after breaking down out of the up-trend channel. If you found this helpful kindly like and comment below. Thanks
$bnb binance coin , low rsi's on longer time framesreversal to the upside, if bitcoin holds. nice bounce here
fibs/trend lines respected
BTCUSD (up then down)Just an idea and trade at your own risk.
Bitcoin still remains bearish.
Bitcoin is currently in a short uptrend correction phase (white lines) after breaking the support (previous demand zone) the red dashed highlighted area.
Short term Bitcoin bullish to finish its correction phase and reach the upper downtrend channel (red lines) to retest the previous broken support demand zone (currently the supply and resistance area) at area 28k-30k, before resuming its down fall to next targets at the lower downtrend channel at area 12k-13k.
All set for a bounce?Hit the support around 20k and looks to bounce as it is oversold. I would expect it can hit 26k and most likely could fall back towards 15-10k... peace !!!
BTCUSD/SPX - Bullish Falling Wedge (UPDATE)Couldnt hold past level now forming a bullish falling wedge. In the past BTC outperformed the stock market but also had pullbacks. Logarithmic regression.
DOTUSDT (Polkadot) making a move higher ?When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple) BNB (Binance coin) BCH (Bitcoin Cash) and MOF which is one of the assets owned by the Hyper Tech Group.
DOT from a technical viwpoint has found support from a rising trendline and may well be headed higher if we see BTC rally.
All bets are off with which way crypto is headed over the next month or so but there are bargains out there and the adventerous with a spare few dollars might want to take at any or all of the coins I've listed.
Usual rules apply when buying crypto assets. Only use money you don't mind losing. Personally, I think purchasing digital assets is a safer play than NFT's which I'm not convinced about.
Still Bullish Until....Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only
BITCOIN – CASH: Inside Bar PatternBITCOIN (BTCUSD) – CASH: Inside Bar Pattern
(WARNING NOTE ON CRYPTO CURRENCY: As Bitcoin and crypto currency doesn’t form perfectly clean signals most of the time, we will only annotate the clearest and well-pronounced signals that form at confluent areas on the charts. Therefore not all price action signals/patterns will be annotated or discussed. TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed an Inside Bar Pattern right at the 42600 level, late last week.
Potential Trade Idea 1: For aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering buying on a deeper retracement lower and after a price action signal on the daily or 4 hourly chart time frame, within the 34300 to 37550 support range (prior Event Zone).
Manipulated Bearish Wedge on BitcoinSome kind of overmanipulated pattern on Bitcoin chart.
AI still recognizes it as bearish wedge.
Target $40k.
Scalp long on Bitcoin chart.RSI makes higher lows.
Volume rises.
Bullish wedge chart pattern.
AI thinks people bought the dip.
Long is worth a shot.
(Now that our shorts are in profit already :))
Zone Resistance Bitcoin ShortZone Resistance on Bitcoin chart.
Deep learning recommends short position.
1st Target $41k.
This idea is 100% compatible with our previous wedge idea.
Swing Short Setup 1) Bearish Volume Divergences
2) Bears pierced EMA (Exponential Moving Average)
3) Swing Trading Sell Signal
4) RSI crossed its SMA (Simple Moving Average)
Conclusion:
Bitcoin will dump.
Target is on the red dotted line.
Death Cross on BitcoinDeath Cross (Trendlines - Resistance) on Bitcoin chart.
AI recommends short position.
Targets: $41k, $38k, $32k.
Watch out for potential bounces from support trendlines!
Channel Breakup Hawk SetupUSDT.D will break up its channel.
Dominance sits on a set of support trendlines now.
According to chart pattern rules (falling channel), target is the green circle.
AI recommends long on USDT.
(Short on Bitcoin.)
Bearish Wedge ShortBearish Wedge pattern on Bitcoin chart.
AI recommends short position.
1st Target $41k.
$BTC lifting off 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Entry: $41300
Take Profit: $49000
Stop Loss: $37000
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