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RLinda ! BTCUSDT-> Review of the flagship cryptocurrencyBTCUSDT - Cryptocurrency remains trapped by market trends. The value of BTC continues to decline. Sellers here are not aggressive, but very consistent: the rate of the flagship cryptocurrency is trading in the range of 20,000-19,000. BTCUSD, in terms of technical analysis on the daily chart remains without significant changes. The cryptocurrency is holding inside the $18500 support area. As soon as the lower boundary of the range is broken through, the downside target to $15,000 will be actualized. Wednesday night is the end of the two-day U.S. Federal Reserve meeting. The base case scenario is that the interest rate will be raised by 75 bps. Then the market will get a confirmation of the implementation of the Federal Reserve's previous strategy Over the past couple of days, the correlation between the S&P 500 index and the BTC exchange rate has recovered to a record high of 72%. The index was higher only in May of this year. This means that risky assets are under a lot of pressure. From the technical point of view, above the uptrend line, which the price broke down earlier, there is a narrow long protrusion, relative to the boundaries of which the price forms a "shake-out". We see a pullback to an important level, which was previously confirmed very often. The scenario in this case is simple: how deep the price can go on the pullback. Whether it will be the 20000 zone or the 21000 zone, but in the medium term from the 20000-21000 levels I expect the fall to continue. The short-term target is support at 18500 and the medium-term target is the lower level of 17600. Regards to R. Linda!
Short
by RLinda
18
bitcoin consolidating at major fib circle, doom or boom?bitcoin is ranging for several months as it nears a key fib circle in my previous bitcoin chart i prompted that bitcoin capitulates each november every 4 years (10, 14, 18, 22?) if the monthly closes below current price and crosses the fibo circle we may see a weak october before final drop november to my ladder zone for longs one idea that has crossed my mind is that this could be a large ABC correction (A to current price, B to ATH with an SFP and then C back down to ladder zone and 100mma / sfp current local low)
BITSTAMP:BTCUSD
by TBTS
RLinda ! ETHUSDT-> Do bears continue to show strength? ETHUSDT Recently we have positive economic news on etherium, but it continues to correlate strongly with bitcoin and we see a fall, the formation of a new price channel, which coincides with the global trend. On the chart we see a global trend forming strong resistance. The price tests the resistance with either a touch or a false break and then forms strong bearish impulses that update the global lows. Bears are reigning in the market and there are no prerequisites for strong growth at the moment. I assume that this pullback can continue a little, namely to the resistance zone, after which the fall in the global trend can continue. The short-term target is the support of the price channel (support zone). Sincerely R. Linda!
Short
by RLinda
16
RLinda ! AAVEUSDT-> The price falls again by 13%. What's next? AAVEUSDT The cryptocurrency market has fallen again in the last 24 hours and most of the coins are in the red zone. AAVE follows the market and is down 13% On the chart we have a global downtrend. I drew a strong resistance line, price reacts to the level with bearish momentum and updating global lows. Since we have a formed bearish channel, at this point it is not worth talking about a breakdown or pullback from the support zone of the downtrending price channel, you need to wait until the price reaches the zone, and then you should watch out for price behavior and your trading strategy. I assume that from the support zone we may see a pullback against the trend. The short-term target is resistance 77.9. With the development of the short set and breakdown of the support level, the price may fall to support 55.2. Regards to R. Linda!
Long
by RLinda
17
RLinda ! BTCUSDT-> Price breaks through a strong support zoneBTCUSDT The rate of the asset began to decline sharply after the release of U.S. inflation data. The consumer price index (CPI) in August stood at 8.3%, while in July it was at 8.5%. On the global chart we see a strong bearish trend, price corrections, which are more than half a third of the length of the momentum, all symbolizing a strong trend. Extreme movements are also related to this It is worth paying attention to the price reaction from the resistance level, which begins its formation from the peak in November 2021. The price is testing the resistance as part of the correction and the moment the news comes out the price falls from the resistance zone by 15% Let's go to the local chart. I have drawn an upward line of support, which has a significant role in the development of the further situation. The price breaks through this line and forms a consolidation under the level and this maneuver may open us a signal for further market decline, as the price strengthens its position as a bear market. I assume that at the moment the bears have the upper hand, as there are a lot of factors pointing to a further decline, but do not deny other scenarios, when the price can rise. I expect the final consolidation under the mentioned levels and further downward price fall to the first target: 18500 and subsequent - support zone: 17630. Regards to R. Linda!
Short
by RLinda
53
RLinda ! BNBUSDT-> H&S pattern after a false breakdownBNBUSDT is in a neutral phase, the market is in a sideways range and continues to test support 274.8 for a breakdown. Price is forming a "Head & Shoulders" pattern. The global chart clearly shows price testing global price channel resistance and continues its decline. The H&S pattern is formed after a false breakdown of resistance 336, which tells us about the strength of the level, but the price is squeezed between the two trend lines and in fact forms a "downward wedge". What will happen next? Since the pattern is not yet broken and continues to form and we see the price continues to test the support level and does not move far away from it, I continue to expect a break down. I assume that the price is about to break the support level of 274.8 and form a consolidation below it, after which the price will start its fall. The short-term target is the support level of 241.9, the medium-term target is the level of 217.8 Regards R.Linda!
Short
by RLinda
15
RLinda ! BTCUSDT-> What to expect prices in the heavy zone? BTCUSD what do we see? The price is actually sandwiched between the strong trend resistance from November 21 and the strong support level of the uptrend channel from June 18, 2021. The price on the upward momentum tests the downward resistance and falls to the support where it goes into a consolidation phase. Next I will break down two situations: Long and Short Long set-up (a pullback from support). It is worth considering such a development while the price is inside the ascending channel. On September 7, we see a false break of the uptrend channel support and the price moves into consolidation after a technical pullback to the support. The technique here is simple: buy from the support during the up trend, but on the condition that the price goes up from the local resistance 20500 and consolidates above it. In that case there will be a potential for the price growth to the zone of 21900 Short Setup. It is a breakout play of the price channel. In yesterday's "Trading View" tutorial, I told you how to break a channel. Since we see a retest of the support of the ascending channel and a consolidation instead of a pullback, chances are we are seeing a pre-break consolidation. It is acceptable to open the short positions if the price comes down from the area of 19850, or on the pullback, the potential target in that case will be the support of 17630. Regards R. Linda!
Long
by RLinda
32
RLinda ! SANDUSDT-> When should we expect a support breakdown? SANDUSDT - Very weak coin on the background of the whole cryptocurrency market. We continue to see the price drop after SAND went below 1,000. The global chart clearly shows the weakness of the coin, the price is not able to renew price highs on pullbacks with volatility ranging from 40% to 80%. In total, the market is down almost 90% at the moment and we see consolidation near the 0.8700 zone, which suggests a further drop after the breakdown of the level. I suppose that after the consolidation the fall can continue, I expect that the price can form a pullback to the resistance of the price channel or break the level at once, but in any case you should expect the retest after the breakdown for the price to consolidate under the level. The short-term target is the support at 0.7877, the medium-term target is the liquidity zone at 0.7329. Regards to R. Linda!
Short
by RLinda
9
TERRA LUNA CLASSIC LUNC IF MERGE GOES WELL THEN TARGET IS $.0025LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine. As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below. This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
Long
by Bitgolder
2
RLinda ! BTCUSDT-> Global TA. What's on the chart?BTCUSDT. Why I think that in the global perspective bitcoin has no energy for growth (I am guided by technical analysis without fundamentals and "pump" theory): We have a global downtrend channel that started with the peak of the "H&S" pattern from November 2021. Price has tested the resistance three times without the possibility of a breakout. There is strong resistance from the daily timeframe through the channel. Resistance is formed from the left shoulder of the "H&S" pattern and was tested in March 2022. Thus, we see a strong zone of resistance, which is above the channel resistance. Locally: price is trading in the 24100-18500 range, from the support we see a strong impulse rise, on the lower timeframe it looks like a distribution and price is expending energy for a possible breakdown of the resistance zone. I think that the distribution might end up near the resistance area of the global channel and I expect a downside rather than upside and think that the bitcoin might be trading inside the range for some time yet. The short term target is support at 18500. Regards R. Linda!
Short
by RLinda
28
RLinda ! FLMUSDT-> Breaking the resistance line. What's next?FLMUSDT The main trend on the chart is downward. For a long time the coin is moving behind the cryptocurrency market - going down. According to the price highs we can determine the formation of the resistance trend line and we can see how today the price breaks the downward line upwards and the price impulsively tests the resistance at 0.1210. The price tested the resistance many times before, but after shallow false breakdowns we see the continuation of the fall without the possibility of updating the price highs - the buyers did not have the strength. At this point we see a positive reaction and are able to identify the potential for further targets. I assume that the breakdown can be a true one, and on the retest the price can break through the resistance at 0.1210 and continue its growth against the trend. The short-term target is the resistance at 0.1483, and the medium-term target is 0.1866 Regards to R. Linda!
Long
by RLinda
11
RLinda ! XRPUSDT-> Trend change. Price is testing resistance XRPUSDT. On the chart, we see the change of the uptrend to bearish and a good opportunity to enter the market, as the price is trading near the resistance zone. On the chart, we can see that from the support 0.2935, the price forms an upward price channel, but could not get above the level of 0.3875, the price made only a false resistance breakout and started to change the trend. We can see a change in the trend, formation of the range boundaries, thus we can identify the boundaries of the downward price channel. The price rolls back to the resistance area and consolidates under the trend line after the false breakout I assume that after testing the resistance zone we may see the price fall along the trend line. The short-term target is the support and liquidity zone 0.2935 Regards R. Linda!
Short
by RLinda
10
RLinda ! BTCUSDT-> Big sales, support test. What's next? BTCUSDT breaks the 19830 limit zone and forms a strong bearish momentum within the bearish price channel and thus tests the 18626 support level and channel support. We see price making a false breakout and starting to form a pullback Since we have a strong bearish trend, I think that the momentum might not be over and if the price stops and goes back to retest 18626 support, breaks through the support and consolidates under it, there is a chance that it will continue going down to 17622. But we have a false-break of the price channel, and the price reacted strongly to that support trendline, so chances are high for the price to retrace to the resistance at 19830. I assume that the fall will continue, but we have to wait to see what the price will show. If the price starts to test 18626, then we look for an entry point near this level. If the price continues to form a pullback, then we look for resistance 19830. Regards R. Linda!
Short
by RLinda
26
RLinda ! HBARUSDT-> Breaking resistance of the downward wedgeHBARUSDT is trading in a bearish trend, but on the local chart we see the formation of a bullish set-up "descending wedge". On the chart we see a breakdown of the descending wedge resistance and testing of resistance 0.0632, I expect that on the retest of this level its breakdown with the subsequent activation of orders and a strong surge in volumes is possible. I assume if the price can consolidate above the previously broken resistance of the descending wedge, then there are all chances to see a good growth against the local trend. The potential of the pattern is quite high. The short-term target is resistance at 0.0674. Regards to R. Linda!
Long
by RLinda
16
RLinda ! BNBUSDT-> Price is pushing up against limit support BNBUSDT is in the stage of formation of Head & Shoulders pattern. We are watching the upward price channel break after the price tested resistance 336.4. On the chart I have marked the key patterns: upward channel, head and shoulders pattern and an attempted trend change. The global movement is a bearish trend. There are chances that the price is going to continue this move. I assume, as there is a strong limit support of 274.8 formed on the chart, the price has been forming a pre-breakdown consolidation near the level for a long time, there is every chance of a breakout. At the moment, the leading cryptocurrency coins are in the red zone and can pull BNBUSDT. The short-term target is support at 241.9 and the medium-term target is the liquidity zone at 217.8 Regards to R. Linda!
Short
by RLinda
16
RLinda ! ETHUSDT-> H&S and breaking the Uptrend. What's next?ETHUSDT Breaking it down: The global trend is still bearish and there is not yet a strong price reaction to change it, recently we saw a bullish movement, which many considered as a trend break. After the price tests the trend line from November 2021, the price reacts and forms a strong downtrend impulse and on the pullback it consolidates under the trend support, and here we see the formation of the H&S pattern. A new downtrend channel started to form on the chart (even two, local and global. The resistance of the global one is the trend line. The price reaches the right shoulder of the pattern and breaks the support, but a technical pullback is formed and the price is still in the shoulder area, but under the strong resistance (after the false breakdown) at 1597.5. I assume that if this pattern does not break and the price holds the position under the resistance of 1957.5, then there are all chances for the continuation of the movement to the support of the 915 range. There are also important liquidity zones below, which the price can strive for. The short-term target is the support of 1361, the medium-term target is the liquidity zone 915. Sincerely R. Linda!
Short
by RLinda
19
RLinda ! BTCUSDT-> Stalemate. Downward wedge and dovntrendBTCUSDT The price shows us an interesting situation and thereby trying to confuse. On the chart, the price after the activation of the bearish set "Rising wedge" forms a downward price channel and two strong downward impulses, within which the fall was about 18%. But if you look closer you can see a downward wedge within the descending price channel, the price breaks through the wedge resistance, but there is no strong reaction of the price, the price forms a pullback after the breakdown and falls, breaking the support 19830, in fact the price is in the critical zone We should also pay attention to the trend lines MA 50 and MA 200, the price made a false-break and went below them, and started to descend. On the chart I marked two potential scenarios, to enter the market it is necessary to wait for the price to show the development of a specific situation, I still believe that the bears have more potential and they can sell the market down, closer to the liquidity zone 17622. Regards R. Linda!
Short
by RLinda
23