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BTC ends horrifying June as $20k resistance dashes hopesBitcoin price analysis just got more confusing as June 2022 comes to a close. The entire crypto market is looking at the damage caused to the major coins in the past month. The price of Bitcoin has seen extreme movement ranging from $32,000 to a low of $17,500. The traders, both bears and bulls, found many opportunities to trade but the long-term investor has lost most worth. In fact, the entire crypto market has seen new lows which have not gone down well for the crypto sentiment.
COINBASE:BTCUSD
by henryartem
SHIB Triangle Waiting for Shib to make a move out of this triangle... I'm positioned for UP, but we never know. I'm not so confident about the Fibonacci yet, so don't take this too seriously.. I'm actually just half concentrated about this chart, but I figure if I can contribute something to the people, I prefer that rather than nothing... I think.. God bless yall, stay safe out there.. These are shark waters. And if you take this trade, you should wait for retest to get it, that means, wait for price to get out of the triangle, and if there's a sharp move, wait for price to come back sharply to retest, and get in there.. If it starts moving the other direction too much, then either change your direction, or let the trade go... Sorry that I'm not more confident, I will do better next time. I want to give props to Sheldon at Brypto Banter for teaching me some basics through his videos... Do a search on youtube for him. Stay safe, be careful. Best regards, ThomChris
by thomchris777
ANALYSIS ON EURUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside DESCENDING CHANNEL . one can go SHORT Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us
Short
by Ryan_lopes
Wyckoff Distribution TELLmany failed upthrusts occurred within the upper range and medium range of the channel. One major lesson I have learned with identifying a Wyckoff schematic is that ranges must be horizontal. Horizontal ranges would identify price levels. This is far more important than resistance levels. Though price and resistance may be the same, the concepts listed evolve around price still. Thus, this means that horizontal ranges are far more potent than angled ranges. This being said, now you can paint the real picture of strength and weakness at price ranges. As you may see here, a big distribution is set in, we have a bullish stance at the BC, AR, ST level. The bias is a reaccumulation. However, it seems that we have sold into a minor sign of weakness. Price has then remained there in phase b, finally. We have confirmation of weakness as we go to retest the ST areas in phase a, failing to make a big upthrust. it is now that we are ready to move down. It is evident that big money has sold off their shares to others.
TShort
by Integrity_Investments
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