TERM
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line and locally in the small downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19.07, if the support breaks down, the next support is $ 20,026 and $ 19,810.
Now let's move from the resistance line as you can see the first resistance is $ 20,357, if you can break it the next resistance will be $ 20,512, $ 20,645 and $ 20,766.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
BTCUSDT 01 Nov 2022 Long Term Analysis (Daily)Following a large number of requests here is my 01 November 2022 long term $BTC / $USDT analysis. #BTC
I have made this analysis of the BTC USDT in order to determine a safe entry point for a long term investment.
To date (01 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I estimated the latter using the Crypto Fear & Greed Index of the alternative.me website with a 70% chance of realization.
The second, less likely scenario would be following the pump that we had this week a reversal of the trend in order to go back up on the long term. 30% chance of success.
I have determined that the red scenario has a better chance of happening for various reasons:
- Firstly the global economic conditions do not allow for a bullish reversal.
- Secondly, we have a bearish divergence in the daily chart this week.
- Thirdly the $18500 / $22500 range has not had a confirmed breakout with enough volume to speak of a long term reversal.
- Fourth, the failure of last week's pump at the $20,800 resistance.
At this time with the information we have I recommend not to buy BTC.
Of course I would like to remind you that I am not a fortune teller, nobody can know how the market will behave. However, we can analyze it and with the help of the past and statistics, try to find the best entry and exit points
However, if you have any questions, I remain at your disposal in the comment space.
THIS IS NOT INVESTMENT ADVICE
NEXT BULL RUN 🚀 ( bitcoin and Altcoin) BITCOIN LONG TERM :
We finally got breakout
Sometimes to stand again
we must fall
and We have already fallen
So.......it's time to go up
Bitcoin gave many opportunities to get rich
Going back to history, the first opportunity was at $2,500 in 2017
The second chance was in 2019 when the price of Bitcoin fell $ 3000
And the opportunity now will be at $ 17500-21000
Get ready for 90000 dollars
It will be a really fast and powerful rise!
XRP in the short term 2022We are seeing a lot of pressure in conventional markets along with commodity markets with all the inflation and recession numbers involved. With FED moving forward with strong interest rate hikes well into 2023 I can see serious pressure on the XRP price given that there is still no settlement for 2022 or the end of the case until 2023. Fibonacci levels all the way down to $0.3693 and using curves to see the possible path for the XRP price in the short term. If these price points become reality it will become beautiful opportunities for cost averaging and taking advantage of low entry points.
DXY I Short-term Short from Resistance Welcome back! Let me know your thoughts in the comments!
**DXY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Armónico Bear TrendInteresting stock, Armonic trend, the stock is in obviously bear Market, and it seems will continue in this way. The earnings were below the expectation. The price is continuing its downtrend and the price is using the moving average of the 50 periods as resistance that push down the price. Let's in the coming weeks if the trend will reach the area of attention between levels 152.15 and 119.88.
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,329, if the support breaks down, the next supports are $ 19,917, $ 19,561 and $ 19,211.
Now let's move to the resistance line as you can see the first resistance is $ 21006, if you can break it the next resistance will be $ 21796 and $ 22838.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used, and the MACD indicator shows a local upward trend.
BTC adoption speculation/idea(max pain)Just and idea based on tech adoption that fits an upcoming recession combined with wave analysis on price with in house tools.
This is the worst case (most painful and profitable) scenario that I can imagine if more than 50% of the world adopt BTC.
More of a qualitative chart than a quantitative chart!
Let me know your opinion!
Author Dimitrios Michos
BTC/USDT Revive 1D IntervalHello everyone, I invite you to the BTC to USDT review for 1 day.
First, with yellow lines, we can mark the triangle in which the price has been moving for a long time,
then, using the blue lines, we can similarly calculate a triangle for the price, taking into account the shorter time period.
Now let's check what support we should take into account and as you can see, in the first place we have a support zone from eighteen thousand six hundred ninety three dollars to eighteen thousand one hundred twenty nine dollars, then we can mark the support lines at a price of seventeen thousand five hundred ninety five dollars.
Then, using the Trend Based Fib Extension tool, we will set the points of resistance that BTC must overcome in order to exit the current downward triangle upwards. We have the first resistance at nineteen thousand one hundred and seventy-seven dollars, the second at nineteen thousand five hundred and sixteen dollars, the third at nineteen thousand eight hundred and two dollars, another at twenty thousand seventy-nine dollars, and twenty thousand four hundred and sixty-four dollars.
Finally, let's pay attention to the CHOP index which indicates that the energy is rising again, and the MACD indicator shows a local downward trend.