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#BTCUPDATE - 23.7.21 BULLISH DIVERGENCE IN PLAY Continuing to look bullish on BTC. Negatives first - we are in ascending channel on the 1hr which usually means a break down is coming - but how far? Probably to about $32k wcs at $31k where there is big support sitting. We still havent comfortably broken the 20 DEMA which is my biggest concern. Positives - Big bullish divergence on the daily along coming out of the Falling wedge, whilst being oversold. All very strong reversal signals - coupled with the positive news circling BTC from every angle. The noise of the regulatory issues is being muffled now. Personally start weighting your bags for BTC around this region as looking less and less likely a drop below $30k now. Although regulations and government CAN do that so be wary still. My play - Long to $33k, take profit short to possibly $32.2k and then rid up to $34k. Alternatively you can just stay long to $34k for ease. I am not really bearish at all short term. $33.3k is my next major resistance.
by Kryptochristian
3
PLTR: A very Technical Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something we haven't seen since the beginning of this bear trend, which started when PLTR triggered the Head and Shoulders chart pattern this month. This might be the start of something new. If it reverses, we might use the Breakaway Gaps to guide us next. Remember: Gaps work as magnets. They are breakaway gaps because they are losing their support levels (purple lines). Keep in mind that we have 4 types of gaps: Breakaway, runaway, common and exhaustion. There’s the idea of a Rounded Bottom pattern, as evidenced by the red line, and I find this pattern particularly hard to trade. It seems we can never tell if it is a true Round Bottom or not until we are already close to the target, which is the $ 23.39 , in this case. It is not perfect, but it has a Piercing Line pattern in the daily chart, as evidenced by the yellow square. A Piercing Line occurs when the price opens in a gap, below the previous day’s low, closes near its high, and covers at least halfway of the previous bearish candlestick’s body. What’s more, this pattern appeared just above the 61.8% Fibonacci’s Retracement. All of this creates an interesting and technical bullish thesis for PLTR for the next few days. What makes the situation more risky: The low volume in the daily chart, and the lack of bullish structure in the 1h chart (higher highs/lows). This makes me wonder if it’s too soon for PLTR, but the Risk/Reward ratio is good at this level. Either way, always use a good risk-management that suits your needs. Remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Thank you very much!
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by Nathan_The_Finance_Hydra
6
EPS/USDT Volume increase shows rising demand. Is the bottom in?EPS continued its downfall during June as most other coins did as well. However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line. We also did notice two bigger volume pumps that increase rising demand. EPS provides low slippage swaps between different stable coins like USDT, USDC and BUSD. The RSI is around 40 and looks like it's forming a recovery. The 200MA was crossed the first time for a very long time now and reaches a plateau which might end in a recovery. We also can see the 50MA and 200MA cross where finally the 50MA is above again. These are early signs of a recovery that is not confirmed yet. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ELong
by tumbler55
2
$CRV Fire Sale!Back with another $CRV chart lol. As you may know, price action looks pretty awful, especially for alts. I expect $BTC to break to the downside of it's current range and proceed to nuke the entire market with it. Although this unfortunate in the short-term, this will create some amazing buying opportunities for alts, especially those with good fundamentals. In this chart, I display the previous levels (orange box) which should serve as support as we head for further downside. I also show similar support levels (green box) that correspond to fibonacci ratios in accordance to the 5 leg elliott wave impulse for confluence. Knowing these levels, I plan on taking advantage of this buying opportunity at the $0.67 and $0.44 levels primarily, with some hail mary bids at $0.33. These levels should at the least provide a significant bounce to the upside imo. Regardless of the outcome, I am a long-term $CRV hodler as I believe the token is extremely undervalued, and still believe it will reach prices listed on my previous $CRV charts. As for the bullrun itself, although I may be overly optimistic, I do not believe it is over. Comparing previous bullruns, this being the end doesn't make sense to me, and instead I believe we are having a mid cycle correction/shakeout before resuming but only time will tell.
by DanielDimes
2
Neutral Channel 🎚️ Long Opportunity 🟢 $40k Within A Week 💰Neutral Channel 🎚️ Long Opportunity 🟢 $40k Within A Week 💰 "Anyone can draw lines onto a chart, but not every line is representative." This idea is the same as the previous one from another aspect. 💳 KEY POINTS: - Bulls Successfully Broke Very Bearish Channel - Price's At Support In Neutral Channel - Bears Are Tired: Multiple Bullish Divergences On RSI - Bulls Are Still Energetic: Higher Highs on RSI - Historic Invincible Support Hit - Dumb Money Opens Shorts (At Support...) - Smart Money Bought The Dip - Psychologically Tempting Target: $40k - Funding Rate Favors Longs - Excellent RRR: 400% - Every Time In History When BTC Hit This Support Then Hit $40k Within A Week - - Next Week Will Be Green - - - Possibly Starting From Sunday 🌌 OUR SIDE: POSITION: Long LEVERAGE: x10 ENTRY: $32 000 STOP LOSS: Daily close below $29 900 and staying there for six hours TARGET: $40 000
BINANCE:BTCUSDLong
by Elysian_Mind
5
Bull Takeover 🐂 Exhausted / Trapped Bears 💀 Target $40k+ 🚀Bull Takeover 🐂 Exhausted / Trapped Bears 💀 Target $40k+ 🚀 Our position is: Side: long Leverage: x10 Entry: $32 000 Stop loss: $29 900 Target: $40 000 Ancestor Idea: See RELATED IDEAS, "We 💎 HODL *** Bet on V-Shaped Recovery *** Bears = Weaklings" NEW UPDATE: - Bears lost all momentum - Bulls broke up bearish channel - Potential bottom formed - Whales became bulls Long with us, and let's annihilate all bears! Short -> Die poor under a bridge Long -> Buy out TESLA from Elon Musk
BINANCE:BTCUSDLong
by Elysian_Mind
4