Bitcoin Trend Analytics June 21st BTC still runs in the downward channel, coming back and forth under downward pressure. Shorts take control.
The short-term key support is $19660.72 , breaking down of which will fail the bottom-seeking theory.
Only by breaking up $22682.13 and holding it for 3 days could the market enhance the consolidation and favor the idea of seeking and then building the bottom. - need time to be tested.
Intradaytrade
Bitcoin Trend Analytics May June 20th BTC still runs in the downward channel, launching a bottom-seeking phase after it recovered 2 key supports. (The 2 key supports target points were given on the chart of last Friday. )
The downward testing begins to converge, resulting in the price fluctuating under downward pressure.
Only by holding $22661.54 for 3 days could BTC valid the consolidation and could possibly shift from seeking the bottom to the building. - needs time to be tested.
Bitcoin Trend Analytics May June 17th - testing $20222BTC still runs in the downward channel, and $20222.47 is the key support.
Breaking up $23371.67 is a turning point from short to consolidation.
The market agrees on a support at $20222.47, while the next might come to $18053.68.
Yesterday the market began to seek the bottom but was not very optimistic. Monitor if $20222.47 could stand the test and rise up to break $23371.67 as well.
Bitcoin Trend Analytics May June 15th - risks accumulateBTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart)
The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp .
The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23.
Fed’s decision will be settled at 02:00 June 16th (UTC+8). Previous rate 1%; expected rate 1.5%. Lower than expectation, bullish; equal to 1.5%, slightly bearish; higher than expectation, bearish.
Watch out for the risks of high volatility at the time of the release.
Bitcoin Trend Analytics May June 13th - the massacre$BTC experienced a massacre, however, shows no resignation for now even after it touched the lower line of the downward channel ...
The expectation of the Fed’s adding 75bp climbs to nearly 30%, which could introduce another big short. Wait for more info from the fomc.
Monitor: $22309.06 has diverted to $21684.33.
The next key support is $18553.16.
#bitmidasdaily - We provide daily accurate target points analysis.
Bitcoin Trend Analytics May June 13th - What's Next?As we mentioned last Friday, BTC finally broke down the triangle and the downward channel, shorts take hold.
The newly released CPI of 8.6%, which is higher than expected, strengthened the expectation of adding interest rates. The market will be running under pressure.
The next key support is $22309.06
Bitcoin Trend Analytics May June 9th BTC is swinging around the center in the box within the triangle of the downward channel.
Box: $32120.81~$28186.09. Center: $29850.35
Longs and shorts flip violently. (Not a good time for trading as risks are more than returns.)
The overall movement is negative.
Keep monitoring the center and the key support.
US CPI stats will come out tomorrow.
Bitcoin Trend Analytics June 8th BTC will touch the upper line of the triangle, which is also the middle of the downward channel.
Box: $32189.97~$28209.81
Center: $30036.05
Long and short flips more often around the center of the box. Price holding above the center, bullish relief; otherwise, bears reign full control below. (Reference at 8:00 UTC+8)
Set protections on your position either side.
Target Reached - ADAADAUSDTPERP
Trade report :
open price : $0.58
Target - 1 : $0.6375
Current Price : 0.6381
Chart posted at the time of entry
Conclusion
Target -1 of our position triggered, started booking profits .... yea still final target is yet to reach but don't jump into this trade right now !! From target -1 to final target it is the for booking profits not to take trades !!
More trades will be published !
Note : I'm not a financial advisor
Bitcoin Trend Analytics June 6th - prepared to break the boxBTC is running in the box within the triangle of the downward channel.
Box: $31958.28~$28108.66
BTC will consolidate before breaking out of the box.
The short-term momentum is strong upward, but do remember we're in the downward channel of the mid-term.
Always set protection on your orders.
MATICUSDTPERP Intraday trade setupThis is my Intraday trade setup for MATICUSDTPERP , as of now market sentiment is clear it's continuing downward rally but i believe there gonna be another relief rally!! Let's see
Make note that even thought price is in my trade entry range !! i haven't entered into trade cause there's one thing which need to get triggered so that i'm gonna enter !! I'll update that .
Note : Not a Financial advice.
Bullish Divergence MATICUSDTPERPMATICUSDT forming bullish divergence , can we see relief rally here ......
I'm gonna post my Intraday entry and target points in update section soon !!
Note : Not a Financial Advice