Get started

Downtrend

4 hour Bitcoin Double Top within a potential Head and ShouldersThe top down analysis begins with last month forming an indecision month while approaching a neckline. The weekly is at a high which is a great time time to short especially since price formed a Weekly bearish engulfing followed but a doji for the re-test. Price has ceased forming Daily higher highs and instead my 8 exponential moving average has crossed to the downside of the 21 simple moving average. On 5/7/23 a new 4 hour lower low was confirmed. On 5.8.23 @ 16:14 pricer was creating an even lower low declining to $27,453.32. TDI isnt trending yet however the signals are bearish. Price needs to re-trace in order for me to take a short intraday position.
COINBASE:BTCUSDShort
by DesharedPierreJr.
A Four Hour Evening Star Formed at 38.2Weekly momentum may suggests that intraday momentum is bullish. Last week closed out a very strong bullish engulfing from the low of a weekly range. However The Daily is currently at a key reversal area despite its attempt to create a higher high. The 4 hour has been uptrending with high highs and higher lows despite many weak bullish candles. I believe price is relativelty close to topping out at its high for a reversal given that a confirmed evening star formed at a zone, resistance and the major 38.2 level. The one hour has already broken a bullish correction trendline and the 8MA has crossed to the downside of the 21SMA. 0.67872 is a key area for a short re-test as well as the wick of the evening star. There a monthly resistance right above this new high. I'll be monitoring the 4 hour timeframe for more signs of bear strenth. I'll be looking to enter on a 30MIN or 1 hour set up.
Short
by DesharedPierreJr.
is BTC on track ?you might wonder , now that we had some good bullish days , will it keep going ? well in long-term yes , i officially claim that bull market is over , BUT ; in Short-term , i still believe after such high volatile bearish market that almost took one year and half to finally finish , now bitcoin needs a lot of LIQUIDITY for the bull run we all expect . but how will it accumulate liquidity and where will it form ? Good question !! finally . let me explain . BUY side liquidities are price ranges (zones) that investors find price rather UNDERVALUED . so what they do in contrast is that they buy to keep for long-term . AND BELIEVE ME WHEN I SAY THIS :''BTC CAN ONLY GO HIGHER IF LONG-TERM INVESTORS START INVESTING IN IT " well also if miners would finally kindly stop selling their BTC . 😊😊 PLEASE ! so what happens is that market starts going lower and lower to give these investors the opportunity to participate . to rap it all up , in short-term i guess market will see prices bellow 25K . its a huge thing to say and there it is i said it . but this year we will go near or even above ATH of 69K .
CRYPTO:BTCUSDShort
by hamidking82
BEAUTIFUL JUST LOOK AT IT !! as i said before the block above price now was there for a long time !! but these days there has been too many attempts to not only reach into it , but break above it , but price failed again and again ! so what now ?? so if i want to give u the old technimant ideology , its a clean break and retrace . but !! as i have seen this thing repeat again and again , i'm gonna let u into a little secret : when price touches a level too many times , it means there is liquidity resting there and price loves hunting these . sooooo all i see is a full belly market ! no longer seeking these and ready to go down . so way down we go
Short
by hamidking82
XRP/USDT 4HInterval check the current situationI invite you to review the XRP chart in pair to USDT, also on a one-day interval. First, we will use the purple lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $0.45, the second support is at $0.43, the third support is at $0.41, and then the fourth support is at $0.39. Looking the other way, we see that the price has reached the first resistance at $ 0.48, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $0.51, the third at $0.53, and then the fourth at $0.55. At this point, it is worth looking at the EMA Cross 10 and 30, which indicate that we are on the verge of returning to an uptrend. The CHOP index indicates that most of the energy has been used, the MACD indicates that we are moving in a local uptrend, while the RSI has a return to the upper part of the range, which may give a moment of recovery before further growth.
by cryptodailyuk
BTC/USDT Review 4H !Hello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will mark the local downtrend line with the yellow line, and as you can see, the price has definitely moved back above it. Now we can move on to marking the support spots in case of a return to the downtrend. And here, in the first place, it is worth marking support at $29082, but when we go lower, we have second support at HKEX:28 ,489, third at HKEX:27 ,991, and then fourth at HKEX:27 ,504. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. Here we see that the first significant support is at HKEX:30 ,512, then at HKEX:31 ,475, once it is broken, we can see a strong increase to around HKEX:34 ,271. At this point, however, it is worth mentioning that the price is fighting to maintain the level of 0.618Fib Retracement, moreover, we can observe a phenomenon between the chart and the RSI indicator, which often ends up returning to the previously conducted downtrend. As we can see on the chart, the price is lower and the RSI indicator is higher, such a pattern often turns into a price reversal. However, the movement is not over yet and you should watch if the price will break out above the marked spot. Please pay attention to the CHOP index which indicates that the energy has been heavily used and here it is necessary to observe whether it is enough for a further price increase, the MACD indicator confirms the local upward trend.
COINBASE:BTCUSD
by cryptodailyuk
3
Apple easing back from its one-year downtrendI suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA