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Echoes of the Past: BTC Price Action Resembling November 2020Fellow Traders, In the current climate of extended BTC prices, many are on the lookout for a retrace. This anticipation is rooted in a traditional market rhythm where what goes up must come down, at least for a breather. However, it's crucial to cast our minds back to the 2020 scenario, where similar conditions were at play. During November 2020, BTC experienced a significant surge, much like our current situation. The price was deemed 'too extended' by many, with calls for a retrace being echoed across the trading community. Yet, the expected pullback remained elusive, and the rally continued much longer than many anticipated. The charts today are painting a familiar picture. Technical indicators and price action that closely resemble the 2020 playbook suggest we may be in for a repeat performance. If history is to serve as a guide, the retrace that seems so obvious may not materialize in the manner or magnitude expected. It's a reminder of the market's capacity to defy consensus and continue on its path despite extended conditions. This is not to say a retrace is off the table, but rather that the market may not conform to the same patterns we rely on as signals. As we move forward, let's keep an open mind to all possibilities. Whether or not BTC decides to take that breath we're all expecting, our strategies must be nimble, our risk management tight, and our perspectives unanchored from past events. In Bitcoin we trust, but the market, we must adapt.
BINANCE:BTCUSD
by AI-signals
BTC/USDT Short-Term 1H Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price remains on the upward trend line, and locally moves in the downward trend channel. When we unfold the Trend Based Fib Extension grid, we see that the price remained at support at $37,439, while we still have a strong support zone from $37,148 to $36,781. Looking the other way, we have visible resistance at $38,125, and then we have a very strong resistance zone from $38,335 to $38,546. The RSI indicator shows that we are in recovery with room for price declines, while the STOCH indicator shows that the energy for increases is quickly running out, which may drag the price lower.
by cryptodailyuk
ETH/USDT 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price broke below the local upward trend line. After unfolding the Fib Retracement grid, we can see the current support at $2007, and then we have a strong support zone from $1973 to $1930. Looking the other way, there is resistance at $2,050, then at $2,082, and then a strong resistance zone from $2,105 to $2,134. Looking at the CHOP indicator, we see that there is a lot of energy for the move, and there is still room for the price to fall a little lower on the RSI.
by cryptodailyuk
#BTC: Bearish Ascending Triangle + Bearish Divergence Coming in.After a good and strong upward move Bitcoin seems to be in need of some breathing time which is very healthy btw in order to have a strong continuation. On this post I just wanted to pin point that our Stoch showing an overbought zone in addition to the bearish breakout of an ascending triangle on the 2H chart. The repeated rejection of Bitcoin's trail to break upwards can be taken as a confluence in the scenario too showing that buyers are at least for the very short term are getting out of energy. I am looking forward for Bitcoin to retrace towards the support area of $34,000 - $34,400. Further more on higher time frames we are witnessing a bearish divergence occurring.
Short
by cryptotalk_et
ETH 1HInterval Chart Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle. When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913. Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases. Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
by cryptodailyuk
BTC/USDT Short-Term Chart 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 is struggling to stay in the local horizontal trend channel. After unfolding the trend based fib extension grid, you can see a support zone just below the side trend channel from $26,113 to $35,711, and further decline may stop the support at $25,220. Looking the other way, a resistance zone has formed from $36,568 to $36,784, followed by a strong zone from $37,324 to $37,725. Looking at the CHOP indicator, we see that there is still energy for a decline, and the RSI indicator, similarly to the STOCH indicator, also shows room for a deepening downward move.
COINBASE:BTCUSD
by cryptodailyuk
BNB Short-Term Chart 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend Based Fib Extension grid, you can see the support lines at $252.6, and then there is a visible support zone from $247.9 to $245.8. Looking the other way, you can see that the price is approaching the resistance zone from $255.8 to $258, and then we have resistance at $261.3. Looking at the CHOP indicator, we see that there is still some energy left for the move, the RSI indicator shows an increase with room for the price to go slightly higher, but the STOCH indicator shows that the upper limit has been exceeded, which may result in a price recovery.
by cryptodailyuk
BTC/USDT Short? 15MIntervalHello everyone, let's take a look at the BTC to USDT chart on a 15-minute time frame. As you can see, the price remains above the local downtrend line. When we unfold the Trend Based Fib Extension grid, we can determine significant support at the level of $36,372, while we still have a strong support zone from $35,447 to $34,954. Looking the other way, there is a significant resistance zone from $37,807 to $38,070, which is stopping the price from further upward movements. Looking at the CHOP indicator, we see that there is a lot of energy for the move, on the RSI indicator, despite the recovery, there is a lot of room for further declines, on the STOCH indicator we are again approaching the upper limit, which may also indicate an upcoming price drop.
Short
by cryptodailyuk
ETH/USDT 1HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the Trend Based Fib Extension grid, we see a support zone from $1,876 to $1,865, then we have a second zone from $1,836 to $1,816, and then support at $1,756. Looking the other way, you can see the current resistance which has decreased the price at $1913, and then we have a resistance zone from $1941 to $1962. Looking at the CHOP indicator, we see that there is energy for a move, on the RSI indicator we are in the upper part of the range, which gives room for declines, and on the STOCH indicator, the rebound again also creates room for the price to react.
by cryptodailyuk
2
ETH/USDT Short-Term 1HHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price moved sideways from the local downtrend line. When we unfold the trend based fib extension tool, we can see a support zone from $1,790 to $1,776, and then we have a second zone from $1,753 to $1,737. Looking the other way, you can see that the price is fighting in the resistance zone from $1,798 to $1,811, while it may continue towards the second zone from $1,848 to $1,867. Please pay attention to the RSI indicator, which shows room for a price increase, but the STOCH indicator shows that the upper limit has been exceeded, which has stopped the current upward movement and may provide a rebound.
by cryptodailyuk
WTK/USDT Short-term PredictionThis is my prediction of how the chart will behave in the short-term during the current pump. Wadzpay Token is a very undervalued cryptocurrency with an unbeatable team and community. I am extremely bullish on the long-term for this project. This is only a very short-term analysis designed for any swing traders here. My long-term prediction reaches prices of $0.08 - 0.09, $0.15, $0.25, $1 and beyond that is price discovery with almost infinite potential. Wadzpay has a really good chance of becoming the next big thing, even the next Top 20 project one day if it manages to succeed in its mission, its goals and its adoption in the Middle East, Asia and even in Europe now. The chart is in an extremely bullish pattern right now, and it's showing all the signs of continuation in an upwards direction here. The safest play is to hodl this coin for at least a couple of months to see how high this move goes. I don't think it'll stop any time soon, apart from some retracements like the one to $0.034 that just happened this morning. Curious to find out how accurate this <1 week drawing ends up being, whether it pumps faster than that, slower than that, or it retraces deeper, everything is possible and so this drawing must be taken with a grain of salt, as it's just an idea and an attempt at predicting an exact chart pattern from "previous experience". Not financial advice. Always use caution when entering any trade in crypto, we never know what could happen. Good luck to all of the WTK community and any other traders.
WLong
by jariii
BTC Short-Term 1HInterval ChartHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to mark the local upward trend line above which the price is staying. At this point, it is also worth marking the side trend channel with the blue lines where the price is in its upper part. Now we can move on to marking support areas when the correction begins to deepen. And after unfolding the Fib Retracement grid, we can see that we are currently in the support zone from $34,516 to $34,304, but when the price breaks down, we still have a second important zone from $33,959 to $33,716, and then support at the lower border of the channel at $33,402. Looking the other way, in a similar way, using the same fib retracement tool, we can determine the places of resistance. First of all, we will mark an important resistance zone from $34,746 to $35,109, which for now discourages any attempt to increase, but when we manage to come out on top and then test it positively, we will move towards the resistance at $36,164, only when the price overcomes it. it will go further towards $40,000. Please pay attention to the CHOP index which indicates that there is still energy to make a move, on the RSI indicator we are moving in a sideways trend near the middle of the range, while on the STOCH indicator the current price drop brings the indicator closer to the lower limit, which may result in a renewed trying to increase the price.
by cryptodailyuk
ETH 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a short time frame of 15 minutes. As you can see, the price is approaching the exit of the triangle. When we unfold the Fib Retracement grid, we can see that we have a strong support zone from $1,775 to $1,760, which should be monitored because a break from the bottom may mean further declines. Looking the other way, you can see the resistance zone from $1,818 to $1,839, and then the resistance at $1,865, only when the price breaks it will it be able to go further up. Looking at the CHOP indicator, we see that there is still energy for a move, on the RSI we are still moving around the middle of the range, but the STOCH indicator shows that we are reaching the upper limit, which may result in another price recovery.
by cryptodailyuk
8
ETH/USDT Short-Term 15MIntervalHello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can see that we have a strong support zone from $1,596 to $1,586, and further we can mark a second zone from $1,560 to $1,541. Looking the other way, the price was again fighting against a strong resistance zone from $1,618 to $1,639, which is currently preventing the price from moving further. Looking at the CHOP index, it seems that the current recovery is gaining energy, the RSI indicator shows a recovery, but adding the STOCH indicator to it, it is clear that there is still room for the price to go lower.
by cryptodailyuk
2
BTC Short-Term Review Chart 1HHello everyone, let's take a look at the BTC to USDT chart taking into account the one hour interval. As you can see, the price dynamically moved up from the local downward trend line. After unfolding the Trend Based Fib Extension grid, we see that the price has returned to the support zone from $28,498 to $28,063, but if this zone does not maintain the price, we may see a drop to the support level of $26,801. Looking the other way, we see that the first resistance is at $28,898, then the second at $29,423, and then we can mark a significant resistance zone from $29,846 to $30,269. Looking at the CHOP indicator, we see that the energy is starting to grow, the RSI shows a return to the lower part, which makes room for a new increase, while the STOCH indicator shows a reflection from the lower boundary, which could potentially result in an upward movement in the coming hours.
by cryptodailyuk
ETH/USDT 1H Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has retreated to the support zone from $1,582 to $1,547, and then there is a second zone from $1,518 to $1,489. Looking the other way, first we have a resistance zone from $1,596 to $1,620, and then the price will again try to break the zone from $1,677 to $1,720. Looking at the CHOP indicator, we see that the energy is running out, the RSI indicator shows a strong rebound, which creates room for a new increase, similarly on the STOCH indicator, we have exceeded the lower limit and we can see a new upward movement.
by cryptodailyuk
2
BTC Short-Term 1H Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line. After unfolding the Fib Retracement grid, we see that the price remains in a strong support zone from $26,980 to $26,532, and then we have support at $25,970. Looking the other way, the first resistance is at the price of $27,328, then we have resistance at the price of $27,567, and then there is a resistance zone from $27,814 to $28,166. Looking at the CHOP indicator, we see that the energy rebound is used for a small increase, while on the RSI indicator, despite small movements on the chart, we returned to the upper part of the range with room for the price to go a little higher.
by cryptodailyuk
1
BTC 4H Chart Review!Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price came out of the local upward trend line. When we unfold the Fib Retracement grid, we can mark the support zone in which the current price ranges from $26,984 to $26,547, but if we fall below this zone, we may see a drop to the support level of $25,976. Looking the other way, we will start by marking the first resistance zone from $27,185 to $27,459, and then we have a second strong zone from $27,896 to $28,215. Looking at the CHOP indicator, we see that there is still some energy left for the move, while on the STOCH indicator and the RSI indicator, we are moving at the lower limit, which has slowed down the current correction and may indicate that we are approaching its end.
COINBASE:BTCUSD
by cryptodailyuk
1
BNB Short-Term 1HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk