Bitcoin technical analysis _ 2023-10-29Update previous positions
Long position
After breaking the resistance at the price of 34818
Entry 35150
The loss limit is 34370
Risk Free 35925
Saving profit 36715
Profit limit 37645
------------------------------------------------
Short position
After breaking the important support at the price of 33590
Entry 33355
The loss limit is 34,000
Risk Free 32710
Saving profit 32065
Profit limit is 31200(Edited)
Restore original
Multi
MULTI/USDT - Multichain: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the OSL:MULTI / CRYPTOCAP:USDT chart, as the price has breached the upper Bollinger Band. This occurrence suggests the emergence of a potential bullish trend. Noteworthy resistance levels can be observed at 2.584 | 3.057 | 3.949, while significant support zones are located at 1.692 | 1.273 | 0.381. It is advisable to contemplate initiating a buy position within the present price range of 2.281 with the objective of attaining higher price levels.
◰◲ General info :
▣ Name: Multichain
▣ Rank: 429
▣ Exchanges: Binance, Bybit, Huobipro, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 2.281 ₮
▣ 24HVol: 5,588,260.045 ₮
▣ 24H Chng: 7.341%
▣ 7-Days Chng: 74.73%
▣ 1-Month Chng: -5.11%
▣ 3-Months Chng: 19.96%
◲◰ Pivot Points - Levels :
◥ Resistance: 2.584 | 3.057 | 3.949
◢ Support: 1.692 | 1.273 | 0.381
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -22.27
▣ Last 90D: -18.80
▣ Last 1-Y: -12.60
▣ Last 3-Y: -14.33
◲◰ Volatility :
▣ Last 30D: 3.47
▣ Last 90D: 3.09
▣ Last 1-Y: 2.00
▣ Last 3-Y: 1.64
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.15 - V. Bearish
▣ In-depth MULTIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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🔥Do You Believe in $14 for MULTI❓MULTI fell by -92% on it's service unavailability. It made a pullback by 210% and now is making a falling wedge (bullish pattern).
I assume that it will start to grow after some consolidation inside this wedge (maybe good news about resumption of work) and Bitcoin consolidations or growth.
💥 The targets are on chart.
like❤️ and follow
Check the links and get a BONUS from me👇
XAU/USD Setup According To Middle East EscalationHello Friends.
Im back with a broad perspective on GOLD.
According to happening these days in Middle East
(Hamas Terrorists against Israeil war) there are a perfect
catalyst for Gold to See Upper levels.
Lets take a look at Multi timeframe charts:
1)Daily chart
In 1D chart we can see a bearish trendline that price will see it again in coming days.
Here is where MAs meet each other (200 and 100 MAs are more important) and also there is
a strong resistance level there (1900 level).
after fall into 1800 - 1810 support level we saw a Strong Demand in Gold market
and price started to rise with a Bullish Engulfing pattern occurs in this level.
You can see my explanation in chart below :
2)Elliot Wave Count (15m Timeframe)
When we look at Gold Elliotly (:D) we can see a 5wave impulsive wave being completed as
1st wave of an upper degree Wave.
So you can see my wave count in chart below and due to Market Catalyst the correction wave
Supports at 23.6% Fibo level.
3)15m Price Action
As you can see in my main chart , near the 1800 support level , a Trading range shaped
and we see a strong Breakout after the News abot war.
This made a Spike phase (With an UP GAP at market opening).
Now we passed spike and go throgh an increasing channel.
Whats more is that we saw a Bullish Divergence between Price action and RSI.
Finally , I think Gold going to be bullish in cimig days and at least reach the 1900 level.
I hope you enjoy my idea.
PLZ share your opinion with me in comments.
Thank you ALL
#Worldpeace
MULTI/USDT - Multichain - Opportunity or scam ?Multichain (MULTI) is currently undergoing a dynamic phase in the cryptocurrency market. Here's a brief analysis:
Fundamental Considerations:
Multichain (MULTI) is a cross chain router protocol with 93 chains integrated. It has a market cap of 30M$ and a 4M$ trading volume over 24 hours.
In July 2023, there was an incident related to a possible exploit or security breach associated with Multichain, causing the price to fall -40%.
Technical Overview:
Price went up 130 % in just a month from All-time low, and is down 90% from All-time high.
However price has made lower highs for the last 2 weeks, approaching the 200 EMA support with a reversal bear probability of 90% looking at moving averages.
My personal take:
It's just another shitcoin that's probably going down to zero. It was fun scalping it the last two weeks. Now I'm waiting to see what direction it takes, if the support will hold or not. Right now I am pausing trading on this coin until a clear direction is shown. I will keep you guys posted.
MULTI Preparing for a Bullish Rally | MULTI/USDT Analysis💎Yello, Paradisers Attention on #MULTIUSDT! Having recently escaped a descending channel, the asset is aligning for a potential bullish journey.
💎The VRVP is a pivotal factor in this optimistic outlook, acting as a solid foundation of support. The substantial trading volume observed is further intensifying the bullish wave.
💎In the distance, a significant supply zone is emerging, which the price is poised to interact with and possibly neutralize. This interaction could be a pivotal point for MULTIUSDT.
💎If the price descends below the VRVP support, we could witness a bullish resurgence from the $2.17 level. However, considering the volatile nature of the market, a break below this point could open the gates for a shorting scenario.
💎Stay informed and watchful for more updates and insights!
Note: We are well aware that Multichain services are unavailable to the users. But we are seeing a huge interest from the whales so you need to practice caution.
AUDJPY: Could GDP Release change the trend?Hello traders,
AUDJPY Is going upward.
Our main Scenario is the long one:
Long Scenarios:
After breaking 95.050, We'll wait for a retracement.
TPs are: 95.650, 96.600
SL: below 94.700
Short Scenario will be published in case of breaking the upper trend-line.
Pivot points, Support and Resistance and also Sentiment data were used for this analysis.
A new growth opportunity on last month's retest highTo date, a new opportunity has formed for the growth of violas and it is possible to make refills for the next couple of weeks. At the end of the month, the bulls made an attempt to reverse the monthly candle, but the weak euro did not break through 1750 to consolidate growth, which gave a signal for a retest of 1500. However, due to the opening of a new month above 1600, so far this movement is false for collecting positions of sellers of the previous month. The further goal is to work out the volume of buyers at the end of the month in order to open the second half of the month above 1750 and stop the seasonal drawdown of the market that has begun. With a negative scenario and a new drawdown of the euro, a repeated rebound from 1750 is possible with a possible hike below 1500 as part of a seasonal market decline. With a positive scenario and the consolidation of the euro above 1.075, there is an opportunity to gain a foothold above 1750 on the ether and the further goal will be a hike to 1900-2250 by November. This week, the foreign exchange market has opened positively, which gives every chance to take 1750 until the middle of the month.
Among the coins, only isolated developments are positive so far, but many altos can show dynamics similar to OAX in the next two weeks. Binance has added pros to margin trading, which can lead to strong growth. UFT vib perl cvp, which have similar oax and pros up to 5-7X from the current levels, also remain in priority. Growth up to 150-300% from current levels can show wtc for dock ooki loka voxel vite fis front burger fida chess fio drep hard wing df epx which are well suited for scalping.
EURUSD: Weekly overviewRegarding our observations, currently there are more buyers in the market
Long-term trend is bullish!
There is a bearish move that has started from JUL 18 inside the bullish channel so we could consider the mid-term trend as bearish.
There might be a short-term bullish move that we could make profit out of it.
1.0820 and the bottom of bullish channgel are proper prices to place long limit orders.
1.0950 and 1.1028 are best places to set short limit orders.
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.
AUDCADCurrently there are absolutely more buyers in the market
AUDCAD is bearish! But we are around a very important level and bottom of bearish channel
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.
Save some profits in each static and dynamic level.
GOLD: What we are going to do in this week!Gold is bearish! But it is around a reaction leve, We could expect a correction for the first days of this week!
There is high probability of retrace back to main trend around 1935.
TP's might be weekly camarilla resistance levels , 1921 and 1912.
Our final TP is overlapping of middle of bearish channel and HTF bullish Order_block!
Best regards, Alisignals
EURUSD full weekly AnalysisSMA 20 of Daily chart alamost matches with SMA 480 of hourly chart.
SMA20 of daily chart was a great trend detector for the pair recently so I'll use 480 in hourlt chart.
According the SMA20 we are still bullish.
By deeper look at Daily chart a bullish channel could be seen that proves bullish trend. Also a great SNR zone is obviously clear in daily chart.
I think last week was just a correction.
By looking at 1H zone, we could see conflux of mighty SMA480, Camarilla pivot level of S3, Daily S&R zone and also a strong Delta Volume important zone.
There is a high probability of rejection from the zone.
About the delta volume: There were strong buyers in last bullish move, but in some points there were slightly stronger sellers, market tends to reverse from those critical points.
Looking at IG sentiment factor we'll get that sentiment indicators worked reversely in recent weeks. So strong sellers can not hesitate me.
Market may avoid sharp moves before FOMC meeting at Wednesday.
TP1 : 1.116
TP2 : 1.121
TP3 : 1.130
Multichain (MULTI) forming bullish Gartley for upto 30.50% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with US Dollar pair.
Previously we caught almost 15% pump of MULTI as below:
Now on a 4-hr frame, MULTI is about to complete a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Learn Why You Should Study Multiple Time Frame Analysis
In my daily posts, I quite frequently use multiple time frame analysis.
If you want to enhance your predictions and make more accurate decisions, this is the technique you need to master.
In the today's post, we will discuss the crucial importance of multiple time frames analysis in trading the financial markets.
1️⃣ Trading on a single time frame, you may miss the important key levels that can be recognized on other time frames.
Take a look at the chart above. Analyzing a daily time frame, we can spot a confirmed bullish breakout of a key daily resistance.
That looks like a perfect buying opportunity.
However, a weekly time frame analysis changes the entire picture, just a little bit above the daily resistance, there is a solid weekly resistance.
From such a perspective, buying GBPUSD looks very risky.
2️⃣ The market trend on higher and lower time frames can be absolutely different.
In the example above, Gold is trading in a bullish trend on a 4h time frame. It may appear for a newbie trader that buyers are dominating on the market. While a daily time frame analysis shows a completely different picture: the trend on a daily is bearish, and a bullish movement on a 4H is simply a local correctional move.
3️⃣ It may appear that the market has a big growth potential on one time frame while being heavily over-extended on other time frames.
Take a look at GBPJPY: on a weekly time frame, the market is trading in a strong bullish trend.
Checking a daily time frame, however, we can see that the bullish momentum is weakening: the double top pattern is formed and the market is consolidating.
The sentiment is even changing to a bearish once we analyze a 4H time frame. We can spot a rising wedge pattern there and its support breakout - very bearish signal.
4️⃣ Higher time frame analysis may help you to set a safe stop loss.
In the picture above, you can see that stop loss placement above a key daily resistance could help you to avoid stop hunting shorting the Dollar Index.
Analyzing the market solely on 1H time frame, stop loss would have been placed lower and the position would have closed in a loss.
Always check multiple time frame when you analyze the market.
It is highly recommendable to apply the combination of at least 2 time frames to make your trading safer and more accurate.
❤️Please, support my work with like, thank you!❤️
History will repeat? $182 or $110Monthly Chart
Binance Coin ( BINANCE:BNBUSDT ) is trading around $236 now.
It's dropped from $398.3 and in accumulating
Look back to the history. I see two drops on Jan 2018 and Jun 2019, both of them has the same percent are about 83.64% and 83.89%.
History usually repeats itself!
I wonder how's about this time?
Now, BNB/USDT in Descending Channel and it's support zones by Fib Channel (1.0) and last Swing Month Low $183.4
Supports can hold it and made it bounced back or Binance Coin will break down and drop to around $110.
Wait and see
Multi huge pump OSL:MULTI huge pump is coming ⌛🚀
Always area we selected multi can bounce huge so waiting for bounce
EL - due for some rebound (bullish divergence)After a heaving sell off, EL appears to be finding support at the 78.6% fib retracement of it's major upswing AB (see mthly chart on Left).
Odds appear good that a rebound could be in the works as the bullish divergence seen on the daily chart spanning over the last few weeks is now supported by a mildly bullish divergence seen on the monthly chart as well.
I would consider to long upon the clearance of the last candle high @ 189 with a small stop loss about $1 below the recent low @ 182. Raise stop loss to breakeven as soon as it is able to clear 195 with a possible exit around $209.
Just a short term trading idea with 1 : 2.5 risk-reward ratio. Let's see if it works out!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TSLA - turned the corner?TSLA had been on a wild ride down since peaking on 4th Nov 2021, with many strong bear rallies in between. It finally hit the bottom on 6th Jan this year and began a rather strong rally until early Feb where it started to churn violently for the next 2.5 months, shaking out any weak bulls.
A sustainable rally emerged again from 27 Apr and more signs have been emerging that the longer term trend have changed to bullish (short term pullbacks not withstanding):
1. a close above the 200 day moving average on 31 May and continued to propel higher for more than a week now
2. a break above a longer-term neckline in the region of 200-215 this week and
3. RSI line on it's MONTHLY chart has crossed above the 14 SMA line (signifying the likely emergence of a longer-term bullish trend).
However, TSLA has been traditionally a volatile stock, hence it is safer to wait some dips to go long. Any retracements in the near term should preferably not breach the neckline support (200 - 215), although it is not up to us to decide how far it would pull-back .
Wait to see the stock finding possible support (after a retracement) to go long (with stop loss below the most recent pivot low).
Disclaimer: Just my 2 cents and not a trade advice. I may have an opinion but I do not hope. Cut loss (sooner rather than later) and move on if wrong. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!