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BTC UpdateBTC is now trading in a downtrend channel on smaller time frames. BTC need to break this downtrend channel and stable above $36,100 to turn bullish. BTC is now at support of $34,000 area and a break below this will again lead us to $33,000 area. BTC is trading in the range of $30,000 to $40,000 and need to break $42,000 and hold above it for a good rally. A break below $30,000 will turn the market bearish and we may see mid-term bear market. No need to worry until BTC trading above $30,000. Also there are big buyers waiting around $30,000 area. We will see more consolidation in this range before a breakout. If you liked my idea, follow me for more
by MonoCoinSignal
BTC/USDT AnalysisFor analysis I will take the history of the previous impulse (from the 3.5k accumulation zone to 14k highs). The same 5-wave impulse according to Elliott. (impulse - correction - impulse - correction - impulse). The 4th wave took on a more complex shape in the form of a horizontal plane, and the 5th wave was an extended impulse, 161.8% of the third impulse. The impulse is complete, corrections do not go beyond the orthodox peaks. All rules are followed. There are quite a few interesting points on this chart: After the parabolic growth, we returned to the normal growth trend. This is an excise. Thought also confluenced with FOMEO as he shared in his recent VID. Price analysis between 23 may low to 20 june overall structure shift. June 3rd week shift a change in BTC price structure by breaking the sequence of LH and printing High at 41k* . To keep valid this shift , price needs to hold 34630 (the low formed before Printing High) Break below 34630 would put this new change in structure into weakness and considered as First invalidation level. Further on, Only holding of 33.4K confluenced with 0.786 Fib will defend this structure to be have bullish If this fail and price touch 31k level , i would wait for some more price development before considering any potential plan. The fall from the peak was 36%. If we stretch the Fibo to this impulse (14k-9k), then the cue ball corrected this impulse to fall to 0.618 Fibo and realized the dragon (we came to the level of the head). (12.2k). Breaking through both the counter-trend and the 0.5 Fibo. The situation with the removal of stops is also interesting. This is the same previous "cross of death". There was a monotonous fall, they put everyone in shorts, long and hard. I remember being manipulated in a glass. On the asks, they set up walls near the market price, psychologically encouraged the crowd to sell the asset, and bought them out from bids in small volumes. And in the 6-7k range there was a very powerful buyer's block, there were thousands of cue ball to buy. They were not allowed to purchase this block, despite the high-quality work done in the glass and in the news feed (death cross) in order to intimidate the crowd. As we can see on the chart, the momentum was 40% up for 2 days. Not a single stop, not a single deposit can withstand this. Therefore, shorting the cue ball is a thankless job. The long situation is also interesting. The price was stopped by the 0.618 correctional fib and the border of the main growth channel. Excellent entry point to long. But even here there was a place of manipulation, everyone who put stops for protrading was punished. They knocked out the stop, left it without coins and moved the price by 40% within 2 days. We project onto the current situation and draw certain conclusions. I also emphasize that this is a cryptocurrency market. This is an evil market, where there is no regulator, where constant psychological attacks on the consciousness / subconsciousness of an unprepared speculator, where volatility is high, where X's are possible, but their direction is questionable. Therefore, there must be a specific plan of action. If you liked my idea, follow me for more
by MonoCoinSignal
EOS eosusdt monthly camarilla pivotsDaily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation. It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade Also a wide cpr and untested monthly pivot shows hints of a higher possibility that the price may range instead of simply tank from here
Long
by Gunslinger2005
BTC/USDTPast expectations were justified, the goal of which was 37,000. At the moment, we have formed an internal mini trend again, which is within the monthly trading range, for exactly one month we started trading below the $ 42,000 level. Our 36000-36400 is a local sales unit, i.e. local resistance. At the level 35000-35400 there is a local block of purchases, i.e. local support. We have every opportunity to go lower, to the level of 33000, then to 31000. Otherwise, upon breaking through the resistance of 36400, we will go higher to 37000, followed by 39000 Global resistance is 39,000. Global support - 31,000. I'm expecting a descent below 36000, after which a hold at 35000 and a move down to 33000. If you liked my idea follow me for more
by MonoCoinSignal
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average ( EMA ) less the 26-day EMA . Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA , the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by MonoCoinSignal
EOS - 6h. Buyers Prepare for Local Growth with a Target of $6.8We noticed that many are interested in the good old EOS. Relatively recently, we made a global idea for this coin: Today we are going to make a small update and share our thoughts in the short term. As we can see in the chart, buyers failed to build a strong wave of growth after the fatal fall in the price of EOS from May 19 to 23. The trading volumes during the local upward wave were about the same as during the downward wave. Of course, these volumes are not enough to confidently state that a new wave of growth has begun on the EOS market. If we pay attention to the trading volumes on May 5 and compare with the current ones, it becomes clear why. However, the comforting news is that the current price drop looks rather sluggish and takes place at low volumes. Buyers found a good spot for defense in the local range of $4.8-5. In addition, the trend line is in this range, which buyers confidently hold from December 23. Therefore, if the weekend is calm and we do not see the growth of aggression from the sellers, we will expect a local reversal of the market and a test of the mark of $6.65. We are not looking higher for now, as we believe that the price of EOSUSDT will continue to consolidate in a wider triangle. If we look at the daily timeframe , we see that the EOS price is now at a critical point: The chart shows that the range of $4.45-4.78 holds the price perfectly for 3 years. The loss of this range has always meant the continuation of a powerful downward trend. At the moment, the price is above this range. The main task of buyers is to maintain this range for the next week. This achievement of buyers will allow starting the formation of a consolidation triangle above this range and will increase the chances of a price shot up already to the level of $8-8.6. A similar critical situation can be seen on the EOSBTC chart: At the moment, sellers manage to push the price down without much effort. However, in the current price range, we expect to see a struggle. Having lost the range of 1288-1452 satoshi, the EOS market has every chance of falling by another 30-40%. Therefore, you should take your time this weekend and carefully monitor the market sentiment. The next week may be decisive in the medium term. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
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