Get started

Update

BTC AND MARKET UPDATE 16TH AUGUST 2021BTC AND MARKET UPDATE 16TH AUGUST 2021 A rising bearish wedge has formed in BTC chart. We have observed that in lower time frame BTC has respected the 200MA three times at $39,850, $43,795 and $45,514 reflects a strong bull support at these points. TECHNICAL ANALYSIS In short term, BTC is bullish, paving its way towards $49,000 mark with a pulsating volume, however a major reversal is possible at $49,800 where the retracements can be resulting in BTC touching the $45,200 zone again. To breach it the consolidation till midweek is required or a healthy volume just like we have seen in $48,000 level. Also in daily timeframe 200MA lies below a healthy movement of BTC, as it pulled it twice before and so far we are observing the 3rd successful breach. In mid term, BTC has formed a bearish wedge after the activation pump in late July. RSI also reflects a low level overbought region and it's highly possible that we may see a strong reversal after breaking the $50,000 mark +-$3000 due to extreme market euphoria. FUNDAMENTAL ANALYSIS Stock market is expected to go down by 8.5% with a connection of events happening around the globe specially in current Afghanistan situation, the same happened in 2002. The US Bill is also due and it's repercussion aren't looking in favor of Cryptocurrency market either. ALT COINS We have seen XRP and DOGE in extreme bullish momentum, resulting in an over due 50% correction in its price. Ethereum is also consolidation with 24 hourly movement of less than $200. Alt season is still on its run and their correction is aligned with BTC retracement, soon. -Shoayb
Long
by ShoaybKhan
2
Please read commentHello everyone. I've been dealing with some personal issues and have had to pause charting for a while as you can see. Frankly, I am just overwhelmed and have taken a step back. I originally started charting due to being off work sick for a couple of years and needed to exercise my mind to keep from going insane with boredom. I'm very sorry about letting you all down but my family is a top priority for me now. I appreciate all the private messages for my concern but unfortunately, there are just too many for me to reply to. I will get through this like many hurdles in my life. I am humbled by how positive you all have been with your support and positive feedback with my charting and wish you all well. What an amazing group you all have been. The market looks to have bottomed out and stabilized so after a bit more consolidation, we should see another rally continue. Good luck to all. I wish you all health, wealth, and happiness. M~
NASDAQ:AMD
by mnovo
19
Ethereum EIP-1559 "London Fork"Ethereum is attempting to enter back into the acceding channel. Update made a positive move. Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line. Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000. We really want BTC to break 42,000 and hold to see good gains in ETH and Alts. This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd. Smogster...
BITFINEX:ETHUSD
by Smogster
Symmetrical Triangle - (Update)See Previous Charts- - Buyer volume picking back up, has had nice relative strength compared to others in the sector - MACD cross Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish PT1- 260.77$ PT2- $270+ (Boxes are RSI based Supply/Demand zones) After consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run-up to ER. Both previous price targets hit, undoubtedly a long-term play should provide multiple good entries. Bullish
NASDAQ:SEDGLong
by jacobosiason7
5
BITCOIN (BTCUSDT), Crypto Market Update - Tues. July 27BTC did as expected and came back to the 36.6k support (check out the 5min mark from yesterdays video). Now unfortunately we are seeing quite a bit of weakness with a lower high and potentially another lower high. Bad Price Action looks like it wants to dump and break levels. 35k is the line to hold for me. CME gap is acting against us as it is right below it. Invalidation of the movement down is a 4hr above 39.3k or preferably 40k We need to take out the June range high or all we have done in the past week is a Failure to make a Lower Low and Failure to make a Higher High.
by TrendmasterOfficial
1
Bitcoin UPDATE - seems like Bitcoin likes the green wayHey guys, here´s a quick update on my last post. It´s looking like Bitcoin chooses the green path after its explosive move to the upside recently. Important levels of resistance lie ahead of us on the way back to new ATHs. It´s going to be a choppy road, as we can expect an increasing volatility over the next weeks. After taking out the 40-44k resistance area and confirming it as support, we are ready for the next leg up towards the 50k area. I´ll keep you up to date. Stay safe and have a nice day.
BITSTAMP:BTCUSDLong
by tradingflx
6
22/07/2021Just a minor update for BTCUSD on the daily chart. Put some simple horizontals and the descending triangle we are currently in. I could extend the triangle but IMO the consolidation area I started the upper resistance from is good enough lol. Thinking if we can break bullish from this pattern, we have a decent resistance at the red line, if passed then there are 2 volume nodes above that seemed to have held their significance so far. The bearish break would see back down towards $26K region. Reasoning for this is the measured move although I don't think it will fall that far but the purple lines are major support we need to hold otherwise BTC goes down high teens. (Personal opinion)
BYBIT:BTCUSD.P
by Crypto_Jakk
2
BTC/USDTYesterday in the morning, sellers dominated, and the price of bitcoin renewed its July low around the level of 31589$. In the afternoon, buyers were able to stop the decline, restoring the pair above the level of 32500$. By the end of the day, the price tested the two-hour EMA55, but until this morning the pair had not yet managed to rise above the average price level. On the daily time frame, the Stoch RSI indicator lines have reached the oversold zone, but a buy signal has not yet formed. Perhaps, at the end of this week, the Bitcoin price will begin to recover to the resistance area of ​​36000$. In the near future, buyers will try to form a bullish momentum and break through the resistance of the descending orange line.
by MonoCoinSignal
6
BITCOIN (Weekly Chart)BTC UPDATE (Weekly Chart) BTC has just been trying to push down during the last 8 weeks, bears trying to break and close below $34,000 decisively to push price down to $26,700 our next high interest support level. We’re less than 20 hours away from our weekly close and we’re finally breaking out (up or down) of our mid/long term range. In order to survive this move, bulls must remain above $34,000 on the weekly close, which would give them a chance to breathe before the possibility of gaining enough strength to head towards $38,000. On the other hand, if the bears become the ones with the advantage over our current price action, and manage to break an close below $34,000 decisively on the weekly, we’re pretty much counting on a 15-20% of our total market cap, as ETH and all major alts become the strongly affected. If you liked my idea, follow me for more.
by MonoCoinSignal
9
BITCOINOver the last two weeks, bitcoin has not yet rebounded and continues to remain in the sideways, constantly holding on when approaching its lower border. We have not seen any bearish candles on the weekly TF since that moment, there was only a neutral spinning top candlestick. Although the current weekly candlestick is red, there is a chance to close again with a shadow from below - which is good news. As for the moving ones, the MA20 began to round off and now it is already passing not at 48500, but in the 47000 region (i.e. now the possible rebound targets are there, although it is likely that next week the MA20 values ​​will fall even lower). There is also MA50 (31500), which acts as a certain support. Buyers have two more days off to close the weekly candle as best they can. If there is a good shadow from below, then growth can be expected from next week. It would be nice to close somewhere in the 34500-35000 zone.
by MonoCoinSignal
1
BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys. A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position. Yesterday's review brought us another +3 take profit to our wallet. I will not describe much, everything is indicated on the graph. Position statistics: 25 profits 3 stop loss I can provide each position and confirmations. Since there are those who want to check the statistics, write to me in personal messages. We are looking at the level of 38850 - at the moment it is one of the key levels May the profit come with us.
Long
by CryptoJaegerB
2
NASDAQ - DAILY MARKET UPDATE 15min: Everything according to plan: The nasdaq confirmed my primary scenario. In particular, since the price broke away from the support at 13960 points, the nasdaq followed my forecast and has built a strong upward movement. There is still room to run in this third wave. 200% 223% extension is possible! Then I expect a small correction & see the Nasdaq come back again to 14358 points. Main target is around 15.000 points! I see the Nasdaq getting there in the medium term. Maybe I also have to adjust the targets for the upward movement upwards if we dont see my expected corrective movement. Overall, I see the Nasdaq continue to rise to the zone around 15200 points.
CME_MINI:NQ1!
by TizTrader
9