TA
BTC technical analysis for next weeksTough days. This is one of the most bearish price action I've seen in the last 2 years there is litterally no retracement only dump even in low uts. And what is even more concerning is that open interest is still very high and fundings are almost no negative after a 50% correction, you can easily guess oi is mostly high because of longs considering of the timings where oi pumped and cause of the funding showing that there is not that much volume in short in comparison to longs.
In addition as I showed in my last ta SP500 is pretty bearish and as we know how much its correlate to BTC...
I'm pretty scared that we slow dump till we trigger a major liquidation cascade because of the lack of buyers and of the bulls being too leveraged.
So I think a retest of the "2021 biggest support" is very likely at this point I almost want to say inevitable but it would be disrespecting a major trading rule
"nothing is 100% sure".
After we've retested the support I think there is 2 possibilities it's difficult to say which one is the most likely at this point we'll see in the next weeks but the 2 possibilities in my opinion are :
-we trigger a major liquidation cascade and goes below the major support but smart money is using liquidity to massively market buying, making a sfp and bull market can resume.
-we trigger a major liquidation cascade and goes below the support but sadly price is still considered too high for the institutions so we just pullback and then continue to dump till the next major support where the demand should be very high.
Have a good day and good luck is this hard market.
BTC- Keep Calm - Consolidation time -4HI did predict in my TA on 4H charts at very beginning of November upcoming 35k support level & most of people politely smiled back to me. Well… finally we are here, @ 35k.
In my TA on 4H charts it means only one - Consolidation time.
Prices still going to bounce up & down for a while and some fake breakouts going to happen up & down. Some people going to loose money in the panic and my advice would be only one: PATIENCE!!!
Support level @ around 35k has “history” from the beginning of 2021 and is not going to be cleared up over night.
Uptrend is coming and it is not going to happen over night.
KEEP CALM and DON’T PANIC !!!
BITCOIN (BTCUSDT) QUICK TA SCENARIO...Let the image speak for yourself...
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PFIZER (PFE) BUY STRATEGY TA SCENARIO IDEAI made a personal TA on NYSE:PFE using FIB retracements to define when to buy the current pullback reversal.
PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.
Before buying:
Check Rsi bounceoff and SMA positionning to form a support
Check if EMA's are likely to cross (strong uptrend)
Dont wait to buy at exactly 50% fib level, price may reverse earlier and you miss the dip/opportunity, or you miss a lower dip at around 61.8%
If price drops further down, may be a sign of a trend reversal !
!! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours.
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BTC Bitcoin Analysis - Bull or Bear Market Support & ResistanceMY VIEW OF BITCOIN'S DOWNTREND SINCE NOV 9TH
Recent downtrend of Bitcoin beginning Nov 9th 2022 is
shown in turquoise and purple downtrend lines. Dec 21st
shows an attempt at reversal that failed Jan 5th. Dec 4th lows
Were retested on Jan 10th at 39650 but a reversal played out on
the 11th with a follow on day on the 12th and then a rise to a
high of 44453 which was rejected on the same day. We now see a
base of about 42700 we need to hold. A break below this and
41547 represents the next support. Any break of that and we
can retest the low of January 9th and Dec 4th. Closes below that
and we head for 39599, 37289 and 38236 and blow. Breaks
below that would break Bitcoin’s long term uptrend since inception.
just an ideathis is my idea. Breaks the downward channel, moves upwards similar to previous movement then higher.
Orange ovals are an example.
Purple ovals shows the market tapping off resistance multiple times.
i believe we have bottomed out.
If not keep in mind it may retrace as low at $2.50 but has a lot more potential to gain.
LUNA USDT - 4H - 15 January - Quick TA Some TA for a possible quick trade on the 4H charts. I did open position last night with a SL - 77.50 & TP 85.09.
Right now, I would be entering Buy Trade with settings given below, such as:
Enter Buy @ 82.32, SL - 80.67 & TP - 85.09
Best of luck to everyone!
PS: It is not a financial or investment advice ;) It is just TA Analysis completed by G-Money ;)
MANA/USDT General S/R levels and trends ideaMANA/USDT General S/R levels and trends idea
Colors:
- Purple: monthly
- Green: weekly
- Daily: red
- 4H: yellow
- 1H: blue
- 15m: Grey
- Less than 15m: White
Note: Keep in mind that levels shown in chart are hold levels. These levels are try to hold the move up/down. When they get broken, please watch the previous high/low before and act accordingly.
Massive Ascending Broadening Wedge Could be FormingThis is my very first post. Don't be too harsh on me :)
I think volume in trading Bitcoin has shown us a potential followup in downward pressure. Even some institutional investors have called further downside in the coming months of the year.
Looking at this chart on the Daily timeframe, there are several indicators that point to downward pressure in the mid to long term. This coupled with these two big trend lines that are essentially sandwiching the price, potentially forming an ascending broadening wedge.
This is of course on algorithmic levels, as market movers and on-chain data could make anything happen.
What do you guys think?
IM NO SCHOLAR!!!! but I tend to be rightive placed a (1,2,3,4) and a (A,B,C) correction.... so far it has done a 1-2 correction I expect IPC to be huge.
Once ICP hits double money at $54, there could be a scalp again at $38 or just straight through up
to $54 and after that a sell off to $30-$33.....
HEAVY BUY at RETRACE---- sell at $76 for scalp or hold---well see
Chainlink wants to MOVEChainlink has been in a downtrend from almost two years (522 days).
- Chainlink is arguably one of the most undervalued altcoins, next to Litecoin
- Chainlink will bridge the gap of traditional finance/banking to digital finance/banking
- $LINK could go to $1000 this season
- BTC.D is at a low (39%)...
- Chainlink is breaking out of resistance
- RSI is currently overbought so expect a slight pullback before continuation to ATHs
- MACD confirmed bullish cross last week which led to this PA
I fully expect link tp hit $50 in the next month. It has broke resistance, downtrend, and is currently stealing the show. Chainlink's applications make it a STRONG investment in the FUTURE of finance.
IS LINK ACTING AS A LEADING INDICATOR FOR ALTCOIN SEASON?
NFA. DYOR.
Good Luck,
- Mr Bitcoin Baron