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Shortterm

Bitcoin Mid-Term Analysis4H Timeframe: Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high. These are the first signs of a trend change in the medium term. Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area. Weekly Timeframe: Bitcoin is still in an uptrend in the weekly timeframe. Therefore, caution should be exercised when taking a short position. Long-Term Trend: The price trend in the long term is strongly bullish. Any price drop at this stage could be a good opportunity for traders to re-enter and could be just a correction. Historical Precedent: In previous Bitcoin cycles, there have been corrections before halvings. Therefore, it is not unexpected that this will happen in this cycle as well. Disclaimer: The analysis provided here is for informational purposes only. You are solely responsible for the consequences of any trades you make based on this information.
Short
by CryptoPuzzle
Is there any upside potential for the main 2023 leader? NVDA demonstrated astonishing move for market-type stock, gaining more than +230% since Jan 2023. Is there any upside left in the mid-term? My analysis of the price structure suggest there at least on possibility for that in the mid-term, although... ... on Daily time-scale until price stays below 479 and Aug highs , I cannot rule out one more, potentially sharp and scary, move down to important mid-term support zone: 371-307 as per green count on the chart. Under this scenario, the price needs to find support in this area and start building the bottom and the right side of the base/cup. Alternatively, if price manages to consolidate above Sep low and create pivot around recent 476 highs, I would be eager to consider going long with price breaking above 479 with volume support. Trading thesis: until price respects 479 short-term resistance area, I would lean towards the short side, with any consecutive lower-low being a shorting opportunity (orange circle on a chart above as a potential example) with stops above recent high. Although mid-term analysis shows potential for at least one more leg up, in the short term we are in no mans land, with both sides (long/short) having technical arguments to support itself. I would wait for the dust to settle and high quality, low risk set-up to emerge before taking any decisive stance.
NASDAQ:NVDA
by artemfedorov
3
BTC new ATH and CorrectionHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. Let's start by determining the support and as you can see, the price is in the support zone from $62,971 to $61,218, and may continue to stay around $58,999. Looking the other way, you can see resistance at the level of $64,493, then the second one at $66,360, and then a very strong resistance zone from $67,691 to $69,349, where the price described the new ATH. Looking at the RSI indicator, you can see a local downward trend line, with room for a larger correction, while on the STOCH indicator we are approaching the lower limit but a possible downward movement is still visible.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will mark the local sideways trend channel with blue lines, but here inside the channel we can see a strong downward trend line. It is worth turning on the EMA Cross 10 and 30 indicator at this point, where you can see the place where the red ema cross 10 line crossed the green ema cross 30 line from above, which confirmed the local downward trend. Now we can move on to marking support areas in the event of a correction. And here, first of all, you can see the support zone from $51,128 to $50,614, which is located right at the lower border of the channel and in the place of the current price. However, if we fall below this zone, we could see a quick downward move towards the support level of $49,165. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First, resistance is visible at $52,095, and then we have a very strong resistance zone from $52,494 to $52,994, which is located at the upper border of the channel. If we look at the RSI indicator, we can see a downward trend from which the indicator is bouncing, while the STOCH indicator shows a movement near the lower limit, which brings the price to a lower level, but here it may result in a trend reversal.
by cryptodailyuk
JSW INFRA - SHORT TERM & LONG TERM SEEMS GOODCan enter at CMP 224 If falls again you need to average at 200 level Targets - 245,280+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:JSWINFRALong
by Jagadheesh_JP
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to determine the local upward trend line above which the price is firmly holding. Now we can move on to marking the resistance areas, for this purpose we will deploy the Trend Based Fib Extension tool, thanks to which we can see how the price is approaching the significant resistance level of $52,596, when this level is overcome and the price tests it positively, it will be able to give upward impulse towards the strong resistance level at $55,258. Looking the other way, we can determine places of support in a similar way. First, we will mark support at $51,267, then the support zone from $50,410 to $49,982 is visible, and then we can see a decline to the strong support level of $48,684. As we can see, volume has a significant advantage on the buyer side. On the RSI indicator we are moving at the upper limit, while on the STOCH indicator we remain above the upper limit, which may translate into the need for a rebound, which may result in a price recovery.
by cryptodailyuk
BTC Short-Term 1HHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically returned to the downward trend lines. After unfolding the Fib Retracment saitka, you can see that the price has returned to the strong support zone from $42,517 to $42,227. Looking the other way, you can see resistance at $42,940, and then a significant zone from $43,355 to $43,571. The RSI indicator still shows room for a downward move, similarly to the STOCH indicator, but it is approaching the lower limit, which could have resulted in a slowdown in the decline.
by cryptodailyuk
ETH Short-Term 1HIntervalHello everyone, let's look at the ETH to USDT chart on an hourly basis, as you can see we are staying on a local uptrend line. After unfolding the trend based fib extension saitka, you can see how the price remains above the resistance, and the next significant resistance is at $2,353. Looking the other way, we see support at $2,281, and then we have a support zone from $2,235 to $2,210. The RSI shows a sideways move, with room for movement in both directions, while the STOCH indicator indicates a decline with room for the price to go lower.
by cryptodailyuk
1
Short term correction on btcusd.Does the macd indicate weakness of the short-term correction, is the decline over? A rise now could also bring the price above 49k USD, but tomorrow's FED meeting will affect the direction of the price in the short term, so we have to wait to understand just how many cuts they will make on interest rates this year. Once this event has passed, I hypothesize a resumption of the upward trend in the price in the coming weeks, barring sensational events that could change the ongoing scenarios. This is not in question for now.
BITSTAMP:BTCUSD
by Melupira89
1
SasanSeifi 💁‍♂Bullish Short-Term OutlookHi. As you can see in the STG/USDT chart on the 2-hour timeframe, the price ranges between 0.50 and 0.52 cents. In the 2-hour timeframe, I expect that if the price confirms a breakout of 0.5260 cents, after ranging or a minor correction, it can again be accompanied by minor positive fluctuations in the short term up to the liquidity ranges of 0.54 cents and 0.56 cents. For the desired scenario, maintaining the price range of 0.50 / 0.51 cents is very important. R: R ⏩ 2.50 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of BTC on an hourly basis. As you can see, the price dropped below the local upward trend line. After unfolding the trend based fib extension grid, you can see how the price is struggling under support, if it starts to go further down, the next one is at $41,473, and the next strong one is at $40,640. Looking the other way, there is a significant resistance zone from $42,425 to $42,767, followed by resistance at $43,318. On the RSI, despite the decline, there is room for a further price drop, while on the STOCH indicator we are again at the lower limit, which slows down the correction.
by cryptodailyuk
1
Key Notes for BitcoinIt's like crazy as we know the last few days of the market environment which is obviously not good for BTC. The way the market is looking right now however is pretty horrible. Together with the Grayscale's FUD which they keep selling BTC to the market somehow is killing this market slowly. Therefore, I give you these key notes as guidance for the next BTC movement : 1. There is consolidation range currently is forming between $44454 and $40270 with the middle level is located at $42362 2. Price is temporarily breaking down below the $40270 as the range low. As long as the price can't reclaim above this broken support there is risk for further downside movement. 3. There is the bull market support band on the weekly time frame which is becoming the main idea that has been driving the price over time since a long time ago. Currently the Bull market support band is now having an alignment with the .382 Fib level from the whole swing structure from $15466 to $48993. 4. Not it's all on bearish side as of now. In fact, the price is now trending at the extremely oversold level after 21% drop from the peak of prior impulse structure located at $48993. With current amount of the short sellers coming into the market, there is also possibility of the relief rally on the short term. The liquidity gap / fair value gap located at around $45000 is becoming the hottest spot as of now as it has an alignment with the golden ratio level. There are all some of the notes you need to consider just before you jump into any trade. In my opinion, opening a short position at current structure is not worth at all due to the fact that the price has been dropping for more than 21% from the peak. Entering short position at this rate is also not good because the room to move to the downside is way smaller than entering long position. Entering long (buy) position is way safer in term of the risk management idea because there is still huge room to gain to the upside. And also, there is still another pushing factor which is the fair value gap located at the upside which hasn't been closed. My personal position is at the long (buy) side as of now which I've been opening since the price was at $38700 and of course, I still have majority capital as back up to accumulate more (if necessary) if the price drops even more in the future. Based on my perspective and calculation, the long(buy) position is in a very good favor and I see the possibility of 'discount' in current price. But once again, I only share my thought here and this post is not the recommendation to enter any position as you know I'm not your financial advisor. So that it's important to understand that you must Do your own research before jump in any position. All risk is at yours
INDEX:BTCUSDLong
by julio24albert
BTC/USDT 1HInterval ChartHello everyone, I invite you to check the BTC situation on an hourly basis. First, we will use the blue lines to mark the local channel of the sideways trend, in which this time we will use the yellow line to define the downward trend. As you can see, the price remains at the lower border of the channel, and after unfolding the FIb Retracement grid, we can see how the price is struggling with the support zone from $40,689 to $40,278. However, if we see a break from the current channel and the price drops below the zone, it may result in a drop to the support level of $39,094. Looking the other way, we can similarly determine resistance when the price starts to rise, and here we see resistance at the level of $41,050, while further it is worth defining the resistance zone from $41,798 to $42,200, which has so far effectively kept the price from further increases. To confirm the local downward trend, we can turn on the EMA Cross 10 and 30 indicator, which shows how systematically the red ema cross 10 line remains below the green ema cross 30 line. However, on the RSI indicator and the STOCH indicator, we see a visible movement in the lower part of the range and we can see how small rebounds are used to bring the BTC price to a lower level.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, please look at the BTC to USDT chart on a one hour time frame. As you can see, the price is fighting against the local downtrend line. After unfolding the trend based fib extension saitka, you can see support at the level of $41,410, the second one at $40,926, and the next one around $40,132. Looking the other way, there is significant resistance at $42,176, and then a second one at $42,663. The RSI indicator moves sideways, near the middle of the range, while the STOCH indicator shows a movement in the lower part, which may result in an upward movement in the price.
by cryptodailyuk
BTC 1H Bearish Pennant?Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the short interval of one hour. We will start by defining the downward trend line in yellow, and here we can see how the price left this line sideways and formed the so-called Bearish Pennant, which we used blue lines to mark. It's worth taking a moment to discuss Bearish Pennant here, as it is characterized by a downward price breakout. We can determine the stoploss level and then go lower and determine the entry level if we want to play a short position. And in this situation, you can often see a breakout at the height level between the stoploss position and the entry into the position. Now we can move closer to the chart taking into account recent price movements in order to check for resistance points in the event of a trend reversal. And here, after unfolding the trend based fib extension grid, you can see resistance at the level of $43,124, and then, near the designated stoploss, you can see the resistance zone from $43,882 to $44,281. Looking the other way, we can similarly identify support areas when the price starts to fall lower. And here you can see how the price is based on the support zone from $42,518 to $42,225, but if the zone is broken, we will see support around $41,393. At this point, it is worth turning on the EMA Cross 10 and 30 indicator, because we can see how the red line crossed the green line from above, which confirms the return to the local downtrend. The RSI indicator shows that it has started to reverse after crossing the middle of the range and still has room to decline. However, the STOCH indicator shows that energy is starting to run out, which may cause the price to slow down again.
by cryptodailyuk