#BTC/USDT (1D) ‼️
Eyes On Bitcoin's Daily Chart
it's Facing Strong DownTrend Resistance at $9400
Daily Candle Closing Above $9400 Would Be a Breakout 📈
While, Support Remains as $9200 Zone.
Eyes On Bitcoin's Daily Chart
it's Facing Strong DownTrend Resistance at $9400
Daily Candle Closing Above $9400 Would Be a Breakout 📈
While, Support Remains as $9200 Zone.
https://www.tradingview.com/x/7Q7XSnQj/
Weekly candle perspective after the closure
Happy Monday all, here we back again with the technical analysis of bitcoin based on the latest weekly candle that has closed as well. Let's enjoy this!
Monday always becomes the most crucial and important day so far because of the weekly candle closure. The weekly candle is very important to identify the next possible movement in the next days as well whether it's going to be bullish or bearish. Looking at the chart below, current weekly candle is once again looking indecision because of current close that forms a type of long legged doji which represents a war between bulls and bears are in the same level of power that's why the open and close price is almost the same. Beside, the price is still trending right below the white resistance trend line which is becoming a strong resistance. Trending slightly below this line for a long time will cause a negative outcome as the bulls slowly losing strength and there will be a decrease in trust level from the retail bulls. In other words, there will be a push downward if the price can't claim the breaks out of the white resistance trend line in near future.
If at the previous paragraph we discuss about the potential bad moves, this paragraph will explain about the potential good moves. Yes, the good moves is that the price is still trending right above the yellow trend line which is the broken resistance as well which is now becoming support. Current long legged doji candle could be the action of the phase 2 breaks out strategy which is retesting the previous broken resistance as support. If this scenario plays out, we must wait for a bullish candle with bunches of volume to support this moves. In this scenario, we'll expect an upward moves to breaks out of the white resistance trend line.
From now on, in the indecision phase like this, we must wait for the price to give further confirmation whether it's going to breaks out to the upside or to the downside. But, as long as the price doesn't reclaim below the yellow trend line, I'll keep my bullish bias.
Weekly candle perspective after the closure
Happy Monday all, here we back again with the technical analysis of bitcoin based on the latest weekly candle that has closed as well. Let's enjoy this!
Monday always becomes the most crucial and important day so far because of the weekly candle closure. The weekly candle is very important to identify the next possible movement in the next days as well whether it's going to be bullish or bearish. Looking at the chart below, current weekly candle is once again looking indecision because of current close that forms a type of long legged doji which represents a war between bulls and bears are in the same level of power that's why the open and close price is almost the same. Beside, the price is still trending right below the white resistance trend line which is becoming a strong resistance. Trending slightly below this line for a long time will cause a negative outcome as the bulls slowly losing strength and there will be a decrease in trust level from the retail bulls. In other words, there will be a push downward if the price can't claim the breaks out of the white resistance trend line in near future.
If at the previous paragraph we discuss about the potential bad moves, this paragraph will explain about the potential good moves. Yes, the good moves is that the price is still trending right above the yellow trend line which is the broken resistance as well which is now becoming support. Current long legged doji candle could be the action of the phase 2 breaks out strategy which is retesting the previous broken resistance as support. If this scenario plays out, we must wait for a bullish candle with bunches of volume to support this moves. In this scenario, we'll expect an upward moves to breaks out of the white resistance trend line.
From now on, in the indecision phase like this, we must wait for the price to give further confirmation whether it's going to breaks out to the upside or to the downside. But, as long as the price doesn't reclaim below the yellow trend line, I'll keep my bullish bias.
https://www.tradingview.com/x/mNbnOky5/
Bitcoin : Approaching the last resistance
If you remember my previous analysis about bitcoin, you'll realize that the price is now testing the strongest resistance trend line after yesterday's close on weekly candle. Yes, the price is now trending slightly at the resistance trend line that has held the price since its ATH. Breaking out above this resistance trend line, the price will face the last resistance to confirm its bullish moves which is the area of $10000 as the psychological area for trader.
With this current moves, my previous bias has been filled and there is still a potential of the price to climb higher to $11600 which region I've anticipated previously. Another good indication is on the 2 oscillator indicators which is the MACD and RSI. For the RSI perspective, although the line is still trending inside the neutral zone, the line is forming a curving up on daily level. This is good because we haven't seen this bullish curving up since the last 10 days. Meanwhile, the MACD is looking bullish too with the histogram is ticking up with a significant added momentum. I feel like there will be a reclaim to the positive side in the next 2 or 3 days.
The next 3 days is a very important day in the market to identify the future movement of the price. My bullish bias is still in play for now. Breaks above the white resistance trend line will leads the price to higher level of price action. On the other hand, getting rejected from current level will leads the price to print further loss in the market with a confirmation of future bearish structure.
For those members who has opened the trade just like the set up I've shared, you are now in a floating 5% profit. At this rate, moving your SL into BEP (for the more aggressive approach) or in the profit (for the conservative approach) is very recommended.
Bitcoin : Approaching the last resistance
If you remember my previous analysis about bitcoin, you'll realize that the price is now testing the strongest resistance trend line after yesterday's close on weekly candle. Yes, the price is now trending slightly at the resistance trend line that has held the price since its ATH. Breaking out above this resistance trend line, the price will face the last resistance to confirm its bullish moves which is the area of $10000 as the psychological area for trader.
With this current moves, my previous bias has been filled and there is still a potential of the price to climb higher to $11600 which region I've anticipated previously. Another good indication is on the 2 oscillator indicators which is the MACD and RSI. For the RSI perspective, although the line is still trending inside the neutral zone, the line is forming a curving up on daily level. This is good because we haven't seen this bullish curving up since the last 10 days. Meanwhile, the MACD is looking bullish too with the histogram is ticking up with a significant added momentum. I feel like there will be a reclaim to the positive side in the next 2 or 3 days.
The next 3 days is a very important day in the market to identify the future movement of the price. My bullish bias is still in play for now. Breaks above the white resistance trend line will leads the price to higher level of price action. On the other hand, getting rejected from current level will leads the price to print further loss in the market with a confirmation of future bearish structure.
For those members who has opened the trade just like the set up I've shared, you are now in a floating 5% profit. At this rate, moving your SL into BEP (for the more aggressive approach) or in the profit (for the conservative approach) is very recommended.
#BTC/USDT (1D) {Update} ‼️
That's almost $400 Pump From $9400 Level
FVG : $9700 - $9750
Visible Resistance Zone : $9960-$10100
Top : $10500
Every Support Levels From Here :
$9612 - $9472 - $9333 - $9195 - $9055 - $8916
Now,
Bitcoin has to break above $9750 with solid candle.
That's almost $400 Pump From $9400 Level
FVG : $9700 - $9750
Visible Resistance Zone : $9960-$10100
Top : $10500
Every Support Levels From Here :
$9612 - $9472 - $9333 - $9195 - $9055 - $8916
Now,
Bitcoin has to break above $9750 with solid candle.
https://www.tradingview.com/x/SlLtGCbk/
Why Should I buy Cardano? potential 220%+ profit
Most of altcoins are already trending near the very bottom. But, almost all of them are still trending on their accumulation zone which is the first phase of the market cycle before the mark up phase in the future. But,it's totally different from what Cardano has done in their price action lately.
The accumulation phase for Cardano looks like very close to its ending which the price has broken out of the descending triangle that has formed since a year ago. This descending triangle is the sign of its accumulation zone after a huge drop of price occurred right after it touched its ATH. During accumulation zone, there are a lot of uncertainty and doubt in the market. But, It's totally different once you've seen the break out of the upper line of the triangle as the strong resistance which is becoming the characteristic of beginning phase of mark up phase.
The other thing that may giving us the indication of price continuation is the bullish pennant that has occurred since the price broke out of the upper line of the triangle. Yes, currently this bullish pennant is in play as well with a trust measurement perfectly hit the .236 fibonacci retracement as the minor resistance level.
During the mark up phase, there will be a lot of people buying this coins because of the trust that they've gained for so long. The people will actually don't care to much about take profit at current rate and the are likely to always do 'buying the dip' without any further doubt of the market. In align with this action, the price will have a parabolic moves to the upside.
My target remains at the .382 fibonacci retracement as the first target and the 2nd target will be at around the golden pocket as the strong resistance with 220%+ potential profit!
Why Should I buy Cardano? potential 220%+ profit
Most of altcoins are already trending near the very bottom. But, almost all of them are still trending on their accumulation zone which is the first phase of the market cycle before the mark up phase in the future. But,it's totally different from what Cardano has done in their price action lately.
The accumulation phase for Cardano looks like very close to its ending which the price has broken out of the descending triangle that has formed since a year ago. This descending triangle is the sign of its accumulation zone after a huge drop of price occurred right after it touched its ATH. During accumulation zone, there are a lot of uncertainty and doubt in the market. But, It's totally different once you've seen the break out of the upper line of the triangle as the strong resistance which is becoming the characteristic of beginning phase of mark up phase.
The other thing that may giving us the indication of price continuation is the bullish pennant that has occurred since the price broke out of the upper line of the triangle. Yes, currently this bullish pennant is in play as well with a trust measurement perfectly hit the .236 fibonacci retracement as the minor resistance level.
During the mark up phase, there will be a lot of people buying this coins because of the trust that they've gained for so long. The people will actually don't care to much about take profit at current rate and the are likely to always do 'buying the dip' without any further doubt of the market. In align with this action, the price will have a parabolic moves to the upside.
My target remains at the .382 fibonacci retracement as the first target and the 2nd target will be at around the golden pocket as the strong resistance with 220%+ potential profit!
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
Eyes On Flipper,
$9550 Zone
it's Breakingdown...
21 Minutes For 1Hr Closing
Slow Dump = Caution ⚠️
$9550 Zone
it's Breakingdown...
21 Minutes For 1Hr Closing
Slow Dump = Caution ⚠️
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
Bam bam! Now you know why we mashing boys
Time matters. And what better way to time the market than the PXI? Head to hashedplutus.com now!
#GNT/BTC (Binance) ‼️
Brokeout Falling Wedge
Now Re-Testing Support
Usually GNT Pumps Twice,
So Expecting Another Pump Soon.
Buy Zone : 595 - 580
Targets : 625 - 655 - 685 - 715 - 745 - 775
StopLoss : -5% From Your Entry
Brokeout Falling Wedge
Now Re-Testing Support
Usually GNT Pumps Twice,
So Expecting Another Pump Soon.
Buy Zone : 595 - 580
Targets : 625 - 655 - 685 - 715 - 745 - 775
StopLoss : -5% From Your Entry
#Bitcoin_Update
As Mentioned in Our Previous Update,
Bitcoin is Going To Hit The Demand Zone.
BTC Below $9K is Bearish.
As Mentioned in Our Previous Update,
Bitcoin is Going To Hit The Demand Zone.
BTC Below $9K is Bearish.
https://www.tradingview.com/x/Th4f17iG/
Bitcoin : The confluence reason
Happy Friday all! Let's do the technical analysis about bitcoin. Through this analysis, I want to show you the details of how I identify the bias and apply it on the current price movement. I will try to present the confluence reasons to identify current bias from this daily perspective.
First thing is always the most crucial and significant thing that may affect the chart as well. That's why I come for the most crucial of white resistance trend line since the ATH on December 2017. We can't deny that this resistance trend line is the strongest resistance ahead that bitcoin must breaks. In align with this resistance trend line, the price is facing the resistance of psychological resistance around $10000 region. This is however the 5 digits of number and will always be a serious resistance as well. So, in more simplified word, fail to breaks current resistance will bring the price to lower level. But, breaks out of this region will leads the price to higher region or even the ATH again.
Second thing is the Elliot wave count that potentially can be the point of determination whether the price will breaks out or comes back down. My initial wave count is that this potentially could be the 1-2-3-4-5 EW with impulsive to the upside. But, I can't deny that there is still a chance of current structure that will forms an ABC structure as well. So, we must wait a little bit longer for this structure to give confirmation.
Third thing is the ascending type of triangle that could be the sign of the price reaching out the 4th wave as a flat wave and potentially this will become an accumulation zone. However, this is a good accumulation because the price has formed a higher low and a flat resistance pattern. Beside, the support trend line which is the lower line of the ascending triangle is having an alignment with the EMA 55 as a strong dynamic support. Could this be a continuation pattern to the upside?
Last thing is the hidden bullish divergence you see as the continuation pattern. On the price action, you can see a higher low structure, on the other hand the RSI printed a lower low. A good sign for the price to continue the movement to the upside.
So, considering all of the factors above I will assume that bulls are having more momentum than the bears in the daily cycle of time frame. But, This bullish bias may be invalidated if the price can breaks below the green region or around $8000 region.
Bitcoin : The confluence reason
Happy Friday all! Let's do the technical analysis about bitcoin. Through this analysis, I want to show you the details of how I identify the bias and apply it on the current price movement. I will try to present the confluence reasons to identify current bias from this daily perspective.
First thing is always the most crucial and significant thing that may affect the chart as well. That's why I come for the most crucial of white resistance trend line since the ATH on December 2017. We can't deny that this resistance trend line is the strongest resistance ahead that bitcoin must breaks. In align with this resistance trend line, the price is facing the resistance of psychological resistance around $10000 region. This is however the 5 digits of number and will always be a serious resistance as well. So, in more simplified word, fail to breaks current resistance will bring the price to lower level. But, breaks out of this region will leads the price to higher region or even the ATH again.
Second thing is the Elliot wave count that potentially can be the point of determination whether the price will breaks out or comes back down. My initial wave count is that this potentially could be the 1-2-3-4-5 EW with impulsive to the upside. But, I can't deny that there is still a chance of current structure that will forms an ABC structure as well. So, we must wait a little bit longer for this structure to give confirmation.
Third thing is the ascending type of triangle that could be the sign of the price reaching out the 4th wave as a flat wave and potentially this will become an accumulation zone. However, this is a good accumulation because the price has formed a higher low and a flat resistance pattern. Beside, the support trend line which is the lower line of the ascending triangle is having an alignment with the EMA 55 as a strong dynamic support. Could this be a continuation pattern to the upside?
Last thing is the hidden bullish divergence you see as the continuation pattern. On the price action, you can see a higher low structure, on the other hand the RSI printed a lower low. A good sign for the price to continue the movement to the upside.
So, considering all of the factors above I will assume that bulls are having more momentum than the bears in the daily cycle of time frame. But, This bullish bias may be invalidated if the price can breaks below the green region or around $8000 region.