NajjarTrading
19 subscribers
9 photos
31 links
🔹We share daily Forex, Crypto, Stocks and Commodities trades🔹
Download Telegram
🔹BTC/USDT🔹

We can see clearly the similarity between what happened during the beginning of the year and what is happening now, that is why we expected this drop.

The market was loosing momentum and strength each time BTC was forming another high. Then we see our lower high and drop.

My ideal scenario is seeing BTC drop to those lower level (30s and even 20s) and only after that we'll see a new All time high. If not, the all time high that we form wouldn't be healthy in my opinion, the crypto market wouldn't be healthy, everyone doubling and tripling money without a real accumulation, and we'll have after our all time high a major drop where coins will disappear. Let us hope we accumulate even more before our 80k and 100k+ move.

🔹If we see the market correct further, we can expect to stay there for over a month easily.🔹


https://www.tradingview.com/chart/BTCUSD/YpVPjrmF-BTC-GENERAL-OUTLOOK/
🔹BTC/USDT🔹

We are currently facing our 48k daily resistance. Therefore we may reverse from here back to our major 44k support level . We can retest then go back to breaking above 48k and going back to the 50s.

If you want to short, you close your position if you see a candle close above 49k. Our targets are:
47k
46k
44k

🔹We'll send soon an update for our long trade ideas.🔹

https://www.tradingview.com/chart/BTCUSD/rnpmO9kR-BTC-BACK-TO-52K/
🔹BTC.D and BTC/USDT🔹

BTC DOMINANCE

Currently, we are moving in a ascending channel and we are at its top, facing resistance. If we drop down from here we can expect BTC to dump with it. After we rallied to the upside and reached most of our targets on BTC , we can expect a correction at least to retest broken support ( 52k ).

However, this scenario that we are explaining with Bitcoin Dominance will make BTC drop further back to 40s. If we do so, our targets are:
52k
50k
47.5k
45k

BTC

On the Mid term in RED: BTC is currently in a big channel and could possibly go for its low (44k-45k).
On the Short term in Blue and Cyan: it is in an ascending channel that usually breaks to the downside.

🔹I believe that we should see a drop before another all time high, I will become bullish when I see a weekly candle close above 60k.🔹

https://www.tradingview.com/chart/BTCUSDT/arl3ad6Q-BTC-POTENTIAL-DUMP/
🔹BTC/USDT🔹

This could be our potential reversal pattern, a head and shoulders , as we said in our last idea, we expect BTC to go back to lower level, take a look at the idea below and you'll see our mid term targets.

This chart is on the short term, this would be our drop point if this scenario plays out.

https://www.tradingview.com/chart/BTCUSD/noBCJWKq-BTC-HEAD-AND-SHOULDERS/
🔹BTC/USDT🔹

We are currently in an ascending channel , if we will drop to the low of the channel, now should be the right time, and this should be the top.

This is my current scenario, as I said before, a break above 60k on the weekly time frame would change my mind.

Our targets are same as before:

55k
52k
47.5k
45k

🔹And even lower levels, especially if we see a break below 44k, we will update you anyways.🔹

https://www.tradingview.com/chart/BTCUSDT/6pCjA1xJ-LAST-CHANCE-FOR-BITCOIN-BEARS/
🔹BTC/USDT🔹

We faced resistance from the trendline on the log scale chart, with the fib speed. Our bearish scenario will happen once we set a obvious lower high on the higher time frames.

For now, as a first step, we need currently a break below 60k with a confirmation candle to continue to our targets:
59k
57.5k
55.5k

🔹Good luck traders🔹
https://www.tradingview.com/chart/BTCUSDT/1gOb9bZZ-BTC-NEW-TARGETS/
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 20 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.