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Has BTC bottomed at 39.5K? Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At the same time BTC created a daily huge falling wedge and need to break it up to stay bullish and continue its upward movement. It has to hold 39.5K keeping bullish perspectives. If we lose this level and close weekly candle below 39.5K, more likely we are in a bear market and BTC topped at 69K and we'll see sharp and quick dump to 30K then 20K. But if we see strong bounce from this region to 46K then 52K and close weekly candle above 21, 34 weekly EMA and 50 weekly MA . The mentioned scenario will increase probability to make new ATH and more likely BTC enters to super cycle and we'll see 100K + by 2022. At this moment BTC is in a critical point and is consolidating at the main horizontal support at the lower band of Keltner channels which is not a good sign. BTW daily RSR is an oversold territory and MACD is in a bearish cross which is sign of losing momentum but at the same time we noticed stochastic bullish cross above 20 that could change our momentum to the upside. Another bullish and bearish signs, scenarios we'll discuss at the weekly timeframe a little bit later where I would explain why I think if BTC loses 39.5K level we are in a bear market. Thanks for your reading.
Long
by ergal91
XRP - Let's See If We Can Hold $0.70 (or at least $0.60)As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60. First it would be nice to see holding $0.70 as that would further prove how bullish the chart actually is. Theoretically price could dip down to $0.50 and still be bullish (but not further) so don't get worried if that happens. Most realistic scenario that i see is the price going sideways in the range of $0.80-$0.65 especially if btc does one more push down from here. For now $0.70 area seems to provide good support. Again let's hope we hold it, if not you can see that as a even better buying opportunity (not a financial advice). I am not a financial advisor so non of this should be taken as a financial advice. Be Well. BINANCE:XRPUSDT
by AVA37
Bitcoin Price AnalysisWelcome back, Disclaimer: This is NOT trading advice. These are solely my opinions that I have posted for educational purposes only. I hope you make tons of money, I am not responsible for any financial losses. Thanks for reading! Bitcoin has been in an overall downtrend since early November highs just under $65,000. Interestingly, Bitcoin has completed two 6 point cycles drawn out above on the weekly chart. The "1" starting points of each cycle began on the same bitcoin logarithmic growth curve each time; we appear to be finding support at the very same curve where we see the "1?" currently, and with the weekly RSI at lows we have not seen since March of 2020, coupled with possible inflection on the momentum indicators: it is possible we could be entering into the next accumulation phase. 4H As we zoom in, the pattern suggests a bottom of $39,600. If we look at the growth curve however, a bottom of $40,269.36 is suggested. The local low of $40,571.23 is within 0.01% of this figure. Trend support/resistance lines are drawn at $52,100 ; $49,600 ; $48,000 ; $45,500 ; $39,600 ; and $28,750. 1H On the hourly chart, Bitcoin is trading far below the 180h(blue) and 500h(orange) simple moving averages. Given the pattern drawn in red, it will be interesting to see how this one ages. Do you think Bitcoin has found a bottom?
COINBASE:BTCUSDLong
by CryptoRichCrypto
Alibaba signaling a reversal?BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm anticipating short-term bullishness followed by perhaps one more low, and then solid growth. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:BABALong
by mercury_rising
5
1 INCH is hitting the bottomRecently I've been looking for metaverse projects so I haven't covered much DeFi, however 1INCH is bottoming if it hasn't already bottomed (and not just 1INCH, new signals will follow). I assumed the worst case scenario which is that bottom of possible retracement was that of last July's dump, in that case current price is currently passing below 0.786 Fib and hitting a strong support area (purple rectangle) which has already worked in the past with volumes similar or bigger of the current one. Assuming price plummets through this area next stop is 1 Fib line. However various indicators presents bullish DIV although here I show you only the SMI. If you wanna enter 1INCH I think this is the moment at which you've to pay attention (and looking at my signals :D ), keep an eye on price, if we don't go below that support zone you can buy at this level. If we go below wait until we touch 1 Fib retracement's line. If we do go down split your buys because once we touch the lower support you never know if there's a capitulation behind the corner. Good Luck
Long
by Shotokhan
$UPST - Gap Fill SuccessfulOver the past couple of days, $UPST has regressed heavily and filled the gap it made back in August. With Fed meetings over, and the newly bullish momentum in the markets, this name is primed to make a hefty reversal. We have a small handful of resistances overhead, but I'm confident we'll be able to surpass them given enough bullish volume . If we run hot enough, we even have a huge gap to fill above 270! I'll be keeping a close eye on this one heading into the new year. ONG swingtrading swing support Supply Zone gap gapfill reversal bottom
NASDAQ:UPSTLong
by FluxTrades
EURGBP Elliott Wave Analysis: Ending Diagonal Causes A ReversalHello traders! EURGBP is coming higher for the last few weeks, after the pair moved to the lower side of a big 2016-2020 range. Notice that pair is coming higher after a five-wave drop on a daily chart where we see a bottom formation because of a wedge pattern in a fifth wave. Wedge, or ending diagonal, is a special type of a pattern that has a slow and choppy price action, with slow momentum and volume, which is normally indication that opposite move will occur, usually very strongly. Notice that so far, we can see a price coming nicely out of a wedge so we should be aware of a higher prices, but possibly after intraday set-backs. Many times you will also notice that after an ending diagonal is finished, price will retrace back to the starting point of the pattern which in our case is at 0.8720. Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
1
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up. A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry. This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control. Would be even more interesting in combination with a Bullish Divergence on the RSI. Invalidation would be below 0.45.
Long
by Metrikk