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Range Bound: Analyzing Key Levels in the Bitcoin MarketYesterday, the Bitcoin market experienced significant volatility; however, Today's activity was relatively subdued as the price of bitcoin fluctuated between $20,646.5 and $21,179.5. This trend persisted throughout the Asia and London trading sessions; BTC struggled to claim the Point of Control of the current range and spent most of the time between $20,650- $20,964. After the NY Open, we saw BTC start grinding upwards, and before the NY close, the price finally reached the level at which I had intended to enter a short trade, allowing me to enter at $21,144.5. Currently, the market remains within the developing range of $21,481 to $20,400, with key levels including the Value Area High at $21,237, the Point of Control at $20,908.5, and the Value Area Low at $20,677. (These numbers can vary slightly based on price action) In terms of future market activity, there are several potential scenarios to consider. Scenario no.1: Point of Control may act as a form of support, allowing the price to continue upward to reach the 0.66 Fibonacci level and the Value Area High, then get accepted into the range and begin to move towards the Value Area Low of the range. My trading strategy would be to enter a short trade, as soon as it appears that the price is being accepted in the Value area High of the range, my TP1 would be the Point of Control, and I would allow the trade to run as I anticipate that price will break through Value area Low and grab the liquidity from $20,000 level. Scenario no.2: Price continues ranging and takes the liquidity below $20,000, fills the CME gap, gets accepted back in the range, and then continues the bull trend. It is worth noting that entering a long trade in this scenario may be challenging, as it can be a continuation of a downtrend on a long-term time frame. To minimize risk, I will be monitoring the price action closely. I will wait for the price to get acceptance within the Value Area Low of the range and at the level of $20,246 before entering a conservative long position. Based on my analysis, there are several key levels to consider before jumping into any trade. On the upward trend, key levels to consider include the 0.618 fib level and an untapped weekly level at $21,827.5. f the price manages to break through this resistance, the following significant levels to watch are the daily level at $22,393, the monthly level at $23,301, and the weekly level at $24,297. On the downward trend, a consolidation area around $18,375-$18,850 may serve as support, as it previously acted as resistance before the breakout. f the price breaks through this zone, it is advisable to look for support at levels between $17,450 - $17,750, as there are several daily Naked Point of Control levels, untapped daily levels, and a 0.66 fib level from the low to the current high. I have set alerts for all these important levels and will approach potential trades with patience, carefully observing market reactions before making any decisions. If the levels do not hold, I will remain patient and look for potential opportunities at the following levels.
BYBIT:BTCUSD.P
by Pac_Meezy
BTC Analysis and Key Levels to WatchBYBIT:BTCUSD.P As traders, we must always start our analysis with higher-term timeframe ranges. Recently, we saw the price break to the upside, and currently, it is testing the value area low of the previous range. The horizontal fib 0.618 from the high to the current low acts as a resistance. If we zoom in on the lower-term time frame, we can see that we are forming a range that started on Friday and continued over the weekend. A fixed range tool gives us significant levels ranging between 20700- 21250, which is almost a 4% range. This should be our main trading idea. Yesterday, we saw a push to the downside, which touched the value area low of the range, a swing failure pattern of the previous low, and followed with a nice buyback. The price started to claim the point of control and daily VWAP, and after some consolidation near VWAP, the price started pushing toward the top of the range, where we got another swing failure. After getting accepted back from the SFP level price continues ranging. However, sooner or later, we all know this range will break to either upside or downside. As a trader, we need levels, both to the upside to back up the bullish scenario and to the downside for the bearish scenario. At this point in time, I expect more upside price action. On the upside, we have the NSPOC (Naked Session Point of Control) level at 21725, the weekly level, the fib level 0.618, and the previous range VAH (Volume area high) level around 21827.5. But if the price breaks to the downside, we have a little consolidation around the 18375-18850 area; we do have VAL of the previous range along with the last support area. So we can expect a reaction here. But if the momentum is strong, then we can expect lower. We have daily naked points of control at $17,725 and $17450, along with 0.618 fib level around $17,550. I will expect some reaction here. In conclusion, it's crucial to constantly keep an eye on critical levels such as Current range volume areas and horizontal fib levels, as they can be important in determining the market's direction. Always have a plan and be prepared for bullish and bearish scenarios. Happy trading!
BYBIT:BTCUSD.P
by Pac_Meezy
SHORT EURAUD BASED ON TECHNICAL VIEW started from december 20th the price broke the lower high,and started forming higher low and lower lows that indicates the bears are in control(based on 4HR Timeframe). Currently the price is also below 50ema and 200ema that act as dynamic support. At Around 1.56000 there is multiple Wick rejections it seems as the strong flipzone RESISTANCE. If to go short levels to watch has TP are TP1 1.55000,TP2 1.54500 and TP3 1.54000 Dont forget to put stop loss for your positions, Please follow your strategy,This isjust my idea,and I will be glad to see your Ideas in this post. please don not forget the like button and share with your friend,thanks and trade safe.
Short
by Thefip
3
Bitcoin-TA-2023 Short Term AnalysisHello everyone, hope you all are doing good, Not Financial Advice though. It was a massive pump to 21300 something as i said in my yearly and other Bitcoin Analysis that Bitcoin will definitely test 30k zone somewhere in Q2/Q3-2023., So What next??? lets check the possibilities what will happen. In chart i explained the 2 possibilities mostly can play out. Possibility1: Reverse Head n Shoulders Pattern pullBack = 18800k roughly target = 29k roughly. (Orange color) Possibility2: If this move is failed move, than target = 14700 roughly (Red color) I mostly expecting Bitcoin to move in upside direction with in this year 2023. Thank you, stay safe and stay smart.
INDEX:BTCUSDLong
by nmchary
GBPUSD (Cable) H4 Reversal likely here if this HappenGBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea. We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity. The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting Minutes reports. The details of these reports will determine to a very large extent if the support levels at 1.19428 and 1.19140 will hold or not. Let's keep our fingers crossed. Please like this idea to help reach others and also follow me for support. Many thanks for your time, and I hope to report back soon.
Long
by ClintOnos
Cardano - ADA Bullish ideaCardano enters a verticalization proving how strong and stable it is by losing only a 7% meanwhile BTC is down more than 10% ADA is creating higher highs and higher lows - BULLISH signal MACD just created a death cross on the EMA not looking very good - BEARISH signal RSI looking fine, just above the 50 NEUTRAL signal I think that cardano is going lo retest the supports (red line on chart) at that point is going to be ready for a new ATH I am buying ADA in a price range from 1.40$ - 1.50$
Long
by Enrico_DiCensi
1
$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ, #Optimism $OP is looking on the 4 HTF. Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout. I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains. Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
2
Bitcoin TA - Bottom and Next Cycle -> from 2023 to 2024 Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only for the year 2023 and 2024 about finding possible Bitcoin Bottom and the next counter move/next Top until next Halving. 1.The Tools I used for Analyzing: Various Patterns and channels Fibonacci retracement Volume Profile RSI, MFI and other indicators/oscillators. Observation1: As explained inside the chart, generally in trading, price moves in patterns whether it is triangle or parallel or cup shape or V-shape or zigzag or head and shoulders or any kind. Patterns get created in a concentric way one inside the other based on lower time frames to higher, in general if the price breakout or breakdown from one shape it will enter into other bigger shape/parent shape. Currently we are trading inside a smaller Descending triangle (Green) which in turn inside a bigger Descending triangle (Red). Price respects this Green Descending Triangle, so technically Bitcoin will not Breakdown, perhaps it keeps testing the bottom line. If Bitcoin Breakdown it will be a disaster, then we have to think about it. Conclusion1: I personally think 15473usd is the Bitcoin Bottom of the year 2023. Currently if Bitcoin puts another lower low, still it will be on the bottom line of this green Descending triangle (may be 14345usd, so mostly price will be above 14k). Observation2: RSI and MFI are cooling down and showing Bullish Divergences. Even other indicators like OBV and Stochastic made a slight Divergence. Not compulsory but these indications can invalidate/negate at any time if there is a forcible sell off, but as of now showing some good signals. Conclusion2: Technically due to Divergences created, soon Bitcoin may Breakout from this Descending Green Triangle and enter/start trading in the larger Red Triangle. After Breakout, there should be a counter move/rally and make until Fibonacci ratio at 0.618 level (roughly 50k) or at 0.5 level(42k). Finally, after rally Bitcoin puts a new lower low somewhere in the year 2024. (Since in a bigger picture Bitcoin is trading in a Red Descending Triangle so definitely it will test lower line of the triangle, so it will be lower low in 2024.) Please give a like and put a comment if u have any questions. Thank you, cheers.
INDEX:BTCUSDLong
by nmchary
21
what will happen to MANAUSDT after 100% fallinghello as you can see MANAUSDT is in the support key level and after nearly 5 months of falling it may be time to increase a little after touching the lowest level of the channel all you need to know is in the chart good lock The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
Don't miss opportunity for short position NZDUSDhello as you can see a flag pattern for NZDUSD and it has potential to downward from the point that we showed in chart all you need is in chart good lock The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
2
What is the next movement of BITCOINHello everyone If this support is lost, we can consider the next point of 15500 Otherwise, an upward trend up to 18,000 can be predicted in the 4-hour time frame all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
2
XRP technical analyze | posibility for long position on XRPUSDThello guys we have a very good opportunity for XRP long position As you can see in the chart, there is 2 way for XRP movement, and its up to Bitcoin movement in the next few days, so you should wait for a break out or confirmation of rejection all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
BTCUSDT Long position Possibilitywe are going to have a look at the changes in the Bitcoin market in terms of data in the network, let's check the potential in the network for price growth, take a look at the miners, measure the supply and demand situation, and finally finish with the options market. In general, the health of the network has improved in terms of activity compared to the previous days, and the positive point that exists is that the activity of the key range has not been lost, but in general, the level of activity is still low, and most of the activity is done by small traders, because if we go, number If we check the transactions, we can see that there has been growth, and on contrary, the volume of transactions is at a low level, and it shows that the whales of the network do not want to be active at the moment. In the past few days, we saw the weakening of the security of the Bitcoin network. fell, the hash rate was decreasing at a relatively high speed, but the current situation has reached its key range, now that news has been published, if this news is definitive, it will cause many miners to be affected, and consequently, the hash rate will be affected. It has an impact and the possibility of losing this key range increases, now considering that the income of miners is also decreasing and if the price stays in these areas, it may strengthen the risk from this category again. Well, I also mentioned the income of the miners. In general, the income of this category through the construction of blocks is still decreasing compared to a year ago, but it has not reached the green area where the miners are under a lot of pressure. On the other hand, the income of the miners from Through the network has risen a bit, but it has not been able to significantly affect the total income. If we come to check the valuation of Bitcoin, we will see that it is involved in a negative bubble, according to the MBRM index, this issue will be very clear to us. It has a significant history and it has shown that when bitcoin is involved in a negative bubble, those who see it have investments and demand that bitcoin will be profitable for them in the long term, but I know that you know better than me that market conditions change in every period. Paying attention to this issue, for investment, we should not pay attention to one element and must consider the view of the action market. If I go to the supply & demand layer and check the demand, we can see that the demand and the network are mainly on the side of the traders, and they are accumulating, but for those who have ten bitcoins, this accumulation has calmed down a bit and they show me indecision. 16400 has become very attractive for traders and it is considered an important range because almost ten percent of the circulating balance is in this area, and if we pay a little more attention, we can also see the behavior of speculators because when the price goes up, they sell at a profit. And again, when we return to these areas, we see that the circulating assets are growing in this area, now if we check in terms of supply, in general, the level of hash and network has come down, whether in profit or loss, but during the past day, we have seen We had a series of sales, and again, the sales were at a loss, and it happened from those whose coins were between 3 and 6 months old, who had the highest sales, and the total amount sold in this category was 22,000 bitcoins, but those who were in profit. Now, they prefer to withdraw their own coins, instead of the old ones It has been 7 to 10 years wallet that the amount was low and their number was 590, and then it was two to three years that they took out 2000 bitcoins, but the more important thing is the behavior of speculators. We see that the sellers are buying in the support areas, the price goes up a bit, they sell, and until the price cannot break those areas that make a profit, the price growth can be uncertain. Finally, if we check the amount of Bitcoin input and output to exchanges, the input is more dominant, but I don't see very serious inputs, so in general, even though Bitcoin is located in valuable areas, the potential in the network is less than before, if the important areas of security activity are lost. Lamb naturally affects the health of the network and that effect will be negative In terms of supply and demand, we can see that the demand in the network is not so high, although the width in the network is low, but the behavior of investors is more than everyone else at the moment. Finally, we turn to the option market , we see that the most important maturity date is December 30, the volume of open contracts is very high (approximately 2.3 billion), the most important support for us is at $15,000, then $12,000, and finally $10,000, that's right, $10,000 has much higher open interest. But in order to reach $10,000, we must first lose $15,000. Now, considering that we mentioned that the range of 16,400 is very attractive for traders, and it has been able to work well for now. In the end, if we examine the implied volatility together, which shows me the expectations of traders and price changes, it somehow shows the foresight of option traders. We can mention 2 things: One is that the traders expect that we will reject this area, whether it goes up or down, on the other hand, it is a good time for those who want to work with options because the contracts have become cheaper, and it is possible that we will see new contracts in the coming days. There will be a lot of new sentiment in this market, and if there are any changes, we will definitely update The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
BITSTAMP:BTCUSDLong
by expay24
Bitcoin Technical Analysis 2022 - Based on OnBalanceVolumeHello every one, hope you all are doing good. This is not a financial Advice, crypto is very volatile and risky, so please do research by your own before doing trade. OBV OnBalanceVolume is one of important indicator to find the volume locations/movement of volume and the movement of the price. sometimes it's hard to find out the Divergences using RSI alone, stochastic oscillator and MFI is also one good indicator to identify the Divergences. Apart from RSI, MFI and stochastic, we can find divergence using OBV too. For example, as I mentioned in the chart, the Orange Box (from Jan 2015 to April 2016) the price action of Bitcoin was roughly from 200usd to 500usd but the OBV value is showing a huge "Divergences" roughly from just 3M to 23M perhaps the all-time high of OBV is 37M. So, most of the critical volume is inside this orange zone, so throughout the life cycle of Bitcoin this volume is playing a vital role until now. According to Wyckoff theory the market movers or market makers or so-called Composite Men (Orange Box) who buy cheaply and sell at high. Ok, let's come to point, this time am making this Bitcoin Analysis based on OBV to find the critical zones of volume and where we are at now throughout the Bitcoin Life Cycle. After deeply analyzing the OBV and drawing the trendlines and channels where the volume and price is respecting more, after the massive Breakout from the parallel channel (at orange zone), Orange zone is the actual/core accumulation zone of overall Bitcoin where the Composite Men accumulated buying very cheaply and keep Distributing till now and Distribute until the Bitcoin is reset. Final Conclusion1: After the massive Breakout from the Parallel channel, the Momentum of OBV is not drastically increasing but instead its Dropping steadily. From 2016-Breakout to until now 2022 the OBV value is ranging between roughly 25M to 38M (not huge difference), the momentum of going up is Dropped and Instead of Breakout from the channel it Brokedown in the current Bear Market 2022 this is something concerned of. So most likely the OBV will keep testing and testing the top of the channel and to my guess it keeps failing and failing same as the blue ascending triangle in the chart and don't know when but, at some point of time at least once, it should test the bottom of the parallel channel. (May be this test will be the Reset point for Bitcoin). Final Conclusion2: Currently there is a slight Divergence created in OBV as price falling and OBV is showing small uptrend. So most likely soon there will be a counter move in the upside direction and test the upper line of the parallel channel. (In most cases this kind of slight Divergences happens in corrective waves when the market is selling off (during Distribution phase) and forcibly divert the market to move in reverse direction). Please give a like and comment if you have any questions. Thank you.
BNC:BLX
by nmchary
1