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Bitcoin Weekly Chart: Breakout or Drop Ahead? 📊ey there fellow crypto enthusiasts! Let's dive deep into the world of Bitcoin and dissect its weekly chart. Remember that thrilling moment back in November 2021 when Bitcoin reached its all-time high at a staggering $68,997.75? 🚀 Oh, what a time it was! But hold on to your hats because what followed was a rollercoaster ride that left many of us scratching our heads. The charts turned red with a series of ominous red candlesticks, signaling a sharp decline that took Bitcoin down to $33,068.42. 😱 It was like hitting a brick wall, and the market sentiment quickly shifted as we witnessed a trend reversal. Things got interesting from there. We saw a Stop Loss Identifier Bounce, giving us a glimmer of hope for support. Bitcoin then tried to retest resistance, but it got slapped with rejection, forming a doji candlestick and yet another Sell Signal. The downtrend persisted, hitting a low of $15,473.18 in the support zone, while resistance trend lines were revisited after their initial breakout. But here's where it gets even more exciting. Another Stop Loss Identifier Bounce coincided with what could be a potential support zone and the first signs of a trend reversal. 🔄 This triggered a rally towards the next resistance zone, but once again, Bitcoin faced rejection. The resistance trend line was revisited a second time, and wouldn't you know it, we saw another Sell Signal and hints of a trend reversal. 🛑 Now, the big question on everyone's minds is whether this resistance trend line retest will result in a breakout 🚀 or if Bitcoin is gearing up for a double bottom or even lower levels. 📉 The crypto world is watching with bated breath as we navigate these uncertain waters. Stay tuned, folks! 📊💰
INDEX:BTCUSD
by sailortrades
2
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher. Chart Analysis: EUR/USD Resistance and Support The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line. Economic News Impacting EUR/USD The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement. Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights. Upcoming Economic News Keep an eye on the economic news scheduled for the week, including: Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks Tue, Apr 18: EUR German ZEW Economic Sentiment Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
by ClintOnos
📊 Best Beginner Technical IndicatorsTechnical indicators are mathematical calculations based on an asset's price and/or volume that are used to analyze market trends and identify potential trading opportunities. 📍Trend indicators: These indicators are used to identify the direction of the market's trend over a given time period. Some popular trend indicators include moving averages, trendlines, and the Average Directional Index (ADX). 📍Relative strength indicators: These indicators compare the strength of a security's price action to the strength of a market index or another security. They are often used to identify potential buying or selling opportunities based on whether a security is overbought or oversold. Examples of relative strength indicators include the Relative Strength Index (RSI) and the Stochastic oscillator. 📍Momentum indicators: These indicators measure the rate of change in a security's price over a given time period. They can be used to identify potential trend reversals or confirm the strength of a current trend. Examples of momentum indicators include the Moving Average Convergence Divergence (MACD) and the Rate of Change (ROC). 📍Volume indicators: These indicators measure the trading volume of a security over a given time period. They can be used to confirm the strength of a trend or identify potential trend reversals. Examples of volume indicators include the Chaikin Oscillator and On-Balance Volume (OBV). 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
#USDSGD long#midterm trading idea as you can see price recently test a very important static support area which has been tested 3 times before from above. price took out liquidity from the lowest low of 3 bounces and failed to close below an arrow that we have on the chart. also if you check weekly timeframe you can see also price tested a 200 EMA as well and didn't close below EMA neither. for taking this position: 1- we need a bullish engulfing candle which shows that bulls are back. 2- a bearish corrective to test supporting area 3- taking a position in direction of the primary trend which base on DOW theory is still intact and we still dealing with bullish market. it is important also to have a look at DXY chart to make sure it holds above 104.620 trading idea is invalid if: 1- price close below 104.620 on DXY on Daily timeframe 2- price close below 1.3659 on USDSGD on Daily timeframe
Long
by mohemati
#ETH/USDT 1HR CHART UPDATE !!Hello, community members welcome to another ETH/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see in the above-mentioned chart that ETH is currently trading inside the parallel channel and also following the lower mid-trend line as support. Currently, ETH is moving upside and trading just below the upper trend line. Now, if ETH breaks above, it can trade above and move upside towards the price level of $1300. Rejection from this level will lead ETH again towards its lowest price level which can be $900. MACD also printed a bullish cross-over. Let’s see how ETH performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
2
$TSLA beats the earnings expectation!a quick recap on tesla play this morning. congratulations if you caught the move this morning for $TSLA (see my previous post). the buy and sell signal for put was reached in the first 2 hours after the market opens and keeps going down. after the earnings announcement, Tesla stocks surge up and in after-hours, it pulls back down. later in the evening. those moves are typical in every earnings after hours. Tesla will surge back again in pre-market. with the hype of the positive news and guidance about the next earnings tesla could continue to surge back up again back to 1050-1100 keep in mind that there's a fed meeting tomorrow so the market could get choppy as the meeting goes on. if tesla surges up in the aftermarket there's a high probability of a sell-off at the opening bell as pre-market people are taking a profit. let the pre-market people take profits and ride the reversal after the sell-off cools off. if the tesla opens lower below 1000 ride the momentum as the volume of picks up to the upside. Below is my ideal entry for day trading or scalp play. TSLA: Day trade or scalp target play: 04/21/22 Buy call above 1039.66 sell at 1050.88 or above. Buy puts below 1009.40 sell at 997.47 or below. option open interest: ideal expiration date: 4/29/22 5/20/22 6/17/22 Hello everyone, Welcome to this free technical analysis. ( mostly momentum play ) I am going to explain where I think this stock might possibly going the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NASDAQ:TSLALong
by CHRIS_B58
$V momentum play$V entering the squeeze as MACD crossing and possible curling up to the upside. no latest news about the V some of the news is so so but nothing serious. in terms of inflation people are being more conservatives about their spending. but in the same time people are out and about after the covid restriction get lifted up and most stores and amusement park doesn't required face mask. V average move per day is $3.00-4.00 Day trade or scalp target play: 04/04 /22 Buy call above 227.92 sell at 229.00 or above. Buy puts below 224.45 sell at 223.24 or below. option open interest: ideal expiration date: 4/14/22 or 6/17/22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NYSE:VLong
by CHRIS_B58
Chainlink Price AnalysisThe 26 support level is under threat due to the intraday violation shown on the 4-hour chart. A breakdown of this level allows the 24.00 support level to become the immediate target for the bears. 22.47 and 20.12 remain additional support targets in the near term. Conversely, the bulls need to resist the intraday violation to preserve the sanctity of 26.27 as valid support. Any bounce from this level targets 27.52 initially before retesting the 28.76 barriers that held last week. Only when this barrier gives way can a price move towards 31.74 be actualized, which completes the measured move from the triple bottom.
by thomasfullerofficial
1
BTC > Next move?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of BTC. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
XRPUSD(4Hr) : XRP consolidates after seeing a big drop in priceMarket in the last 24hrs XRPUSD saw a consolidated movement in the last 24 hours after seeing a big drop a day prior. Trading volume has been high in the last 24 hours but can be seen decreasing recently. Today’s Trend analysis The price is expected to move in bullish momentum till the price touches the middle Bollinger band in the next 24 hours. Price volatility was low at approximately 2.3%, with the day's range between $1.02 — $1.15. Price at the time of publishing: $1.1 XRP’s market cap: $51.77 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
1
Bitcoin current situation (09/07/2021)I believe today's abrupt descent needs a more in-depth analysis than what I normally do. I omit the news and focus immediately and above all on the multiday chart with daily candle. Yesterday very good closing and a day high at around 52.7K; today, on the other hand, the prices immediately appeared a bit weak and then fell sharply towards 16.00 and touched the minimum in the hourly candle of 17.00. Today's low has reached 2 levels that you can see repeatedly in my previous charts, for example I take an old analysis from 07/14/2021 these levels are none other than: - the maximum of the candle that everyone remembers of 05/19/2021, - 61.80% Fibonacci At this point what could happen? 1st scenario: My algotrading is a mathematical system and therefore does not "reason" on levels, but on indicators and therefore as expected with such violent movements it will close the long position at the end of the day and enter short. 2nd scenario: graphically, the uptrend does not seem completely compromised yet; to be able to talk about a bearish reversal, in my opinion, it is necessary to wait a moment longer and wait for a daily close below today's low. If you have any discussion points let's talk about it together, I'd like to have a discussion with you. Good evening everybody!
BITFINEX:BTCUSDShort
by MarkRoboTS
1
Bitcoin – Analysis of 08-17-2021The Algotrading Multiday system is: long since the close of 7/25/2021 position performance: 31.37% YTD performance: 251.77% 1 year performance: 560.19% At the end of the day: maintain position Number of transactions closed the last year 23 Average profit / loss per trade last year 24.36% Percentage of profitable trades last year 52.17% Percentage of unprofitable trades last year 47.83% Graphic Analysis Yesterday, the prices tested the resistance at $ 47,500, therefore there is no sign of a slowdown in the uptrend. Support levels: 1 ° 45900 2 ° 43600 Resistance levels: 1 ° 47500 2 ° 51600 Information provided is only educational and should not be used to take action in the market! MarkRoboTS_Algo_Trading is new for the English trading ideas section, but it has been active for 4 years in the Italian section. Check it out there if you are interested in the historical data.
BITFINEX:BTCUSDLong
by MarkRoboTS