#BTC/USDT Expected move and Trade Setup.Back into the zone as speculated in the last chart.
Bought some longs based on the charts I posted here for scalping.
But, before you get too bullish keep in mind BTC is back into the channel.
Bulls need to push Bitcoin back above $21.8k.
Failing to do that BTC can plummet all the way to $19.3k which is the lower support of the channel.
What do you think?
BTC is approaching?
$23k or $19.3k?
Let me know In the comment section.
Do hit the like button
Thank you
#PEACE
Cryptorphic
#USDT Dominance:- Do not #FOMO during #FOMCMake sure you have a plan before you press that buy or sell button during these confusing times.👀
If not, wait for the right time.
If you don't have one, wait for the right time.
The market favors the one who understands risk.
Even if we start pumping from here, wait for the daily close.
The whole market will only be bullish if BTC goes back above the recent low which is quite tough as of now.
I am not taking any sides but as you know most people are waiting to gamble on the upcoming move, avoid high leverage if you do not wanna lose your funds, and wait for the right time to enter trades.
Good if you are experienced.
This isn't any financial advice you are free to do whatever you like!
BTW, When is the right time?
AFTER THE NEWS!!
Stay tuned
#PEACE
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
Do hit the like button, it helps!
Stay safe
#PEACE
#BTCUSDT Short term analysis and trade Setup.Hello everyone welcome to this quick update on BTC.
Bitcoin looks good here. Our last two analyses have been perfectly on track so far and I have been continuously updating the charts every day.
$21400 to $22052 is a good range to accumulate.
I am not bearish in the short term.
$24k to $22k is a good retracement IMO.
Bullish Divergence in LTFs.
So my plan is to accumulate longs at very low leverage: 2x to 4x but only if BTC closes above $21.4k this week. So you plan your trade accordingly.
ENTRY:- $21400 to $22052
TARGET:-
$23450
$23880
$24210
Stop Loss:- $21775.56
BTC can further trade above $28k if we get a weekly close above $24k. ( I'll notify you just stay tuned and follow me if you haven't yet)
DYOR, This is not financial advice.
Do hit the like button if want me to post trades on ETH LTC XRP SOL and other altcoins.
Stay tuned
#BTCUSDT 100% Accurate Signal ! $28k on board? or a trap??Hope you followed my last update which was 100% accurate.
BTC reached my target of $19.2k and bounced.
Currently, the chart shows potential for a rally toward the $21.6k level.
Trade Update:-
We are spot long since $19.3k which was given last time and right now we are waiting for a perfect breakout and close above $22k which will trigger a rally towards $27k-$28k.
Leverage long with an entry around $19.2k was closed at $20.9k.
If you are willing to long BTC on leverage, the best level should be $19.8k to $20.4k with an SL at $19688.
DYOR This is not financial advice!
To stay on the safer side it's always better to wait for confirmations on higher time frames likely weekly.
PA in lower time frames could be tricky.
Conclusion:-
BTC is bullish and the best price to long will be below $20.4k with SL around $19688 (subject to change as per market conditions).
A break above $22k will trigger a multi-week rally across the market.
More details are given in the chart, Please Observe!
Please do hit the like button and share your views in the comments section.
Thank you
#PEACE
#ALT MARKET CAP is on the run! 15% Rally ahead!Welcome to this quick update everyone,
Altcoin Marketcap is bouncing after printing a higher low.
The index reversed on 18th June 2022 with a low of $430.955 Billion Marketcap.
Currently its trading inside a rising channel and to cpmleyte it needs to print another higher high which gives us our short term target of $573 Billion, almost 15% from current level.
THERY TO KEEP IN MIND:-
Since this is a rising channel which is generally bearish in nature and often considered as a bearish continuation pattern unless broken to the upside.
This is a very interesting scenario here. BTC has been surprising us since the last few months and ALT MARKCAP breaking to the upside after printing a bearish pattern could be another surprise while the whole crowd is completely bearish.
This is just a theory. The chart along with multiple indicators are showing possibility of a 15% rally in this index which will eventually push the altcoins 20% to even 50%.
So take your trade decisions accordingly.
INVALIDATION:- A CANDLE CLOSE BELOW THE RECENT Higher low of $461 billion will invalidate this chart.
DYOR before taking any trade decisions based on this chart.
Do hit the like button and share your views in the comment section.
Follow me for more quality updates.
I don't post much , I only do when it's needed.
Thank you
#PEACE
#BTC/USDT Bearish in short term Target $19.2k, Here's why!BTC is likely to retest circle shown in this chart.
Reasons:-
1. The late longs are trapped. ✅
2. PA shows potential to be retesting the lower support of the channel. ✅
3. $19.2k to $20.5 is the important area of intersection. ✅
4. 50 MA support is around $20.5k bulls need to defend this level. ✅
INVALIDATION:- This chart will be invalidated if the price closes above $21,865.
This is not a financial advice. DYOR before taking any trade decisions.
Do let me know what you think in the comment section.
Hit the like button if you like this short update.
Thank you
#PEACE
#USDC Dominance looks weak, Bullish rally ahead?USDC Dominance:- The index is showing signs of weakness.
This might be considered a hint that a rally is coming across the market.
Rejection from the upper resistance as well as from the red resistance area has already been retested.
Breakout of this pattern is likely in the next few days.
IMO, It's safe to position into BTC and Alts unless it breaks and closes above 6.88%.
Hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT Short term Price Update $22.7k on board??One of my private chart worked like a charm.
We were mostly in USDT and it was clearly said, a close below $28k would trigger the recent move to sub $23k.
Well it did go below $18k which was a surprise for me tbh.
Anyways let's look at this hourly chart.
Bitcoin made a low of $19,865 in the last hourly candle.
I am posting this chart on request.
Holding $19.5k and it is highly likely that we will see BTC heading towards $22.8k in the next few days.
This will provide room to the altcoins for growth.
What do you think?
Let me know in the comment section.
I will be posting some trade setups as well as BTC ETH and other major Altcoins after the current weekly close.
Soon updating a new chart where I'll be sharing the reasons to buy BTC and the best possible bottom.
Make sure you hit the like button and follow me for more upcoming updates.
Stay safe
#PEACE
#ALT MCAP $500 billion at critical level.
ALT MCAP is moving towards the 100 MA support around $500 billion mcap.
This is an important level to hold.
A green close above this level could trigger a bullish rally across the market, until it happens we are short-term BEARISH.
Be careful.
Let me know what you think in the comment section. Do hit the like button if you like me to post these small updates.
Thank you
PEACE
#ETHUSDT Could hit $1700 if this happens...!!!ETHUSDT is holding the $1100 support for a while.
100MEA is also supporting the price since the last few candles close.
Break and close above the $1253 level which happens to be the local resistance could trigger a rally toward $1723.
The price must hold the 100MA for this scenario to play out.
Invalidation: - A close below the green zone. Level $1078
Let me know what you think. Do hit the like button if you like my updates.
Thank you
#PEACE
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple
Rejection candles will lead to a rally across the market.
BTC could hit $23k+ and alts will follow, probably a green week.
However, a close above the resistance will lead to a correction.
Important area, stay vigilant.
CONCLUSION:- Close above 7.28% will trigger short entries across the market.
Close below 7.23% enter long position with SL.
Let me know what you think in the comment section and hit the like button if you find this update helpful.
DYOR
Thank you
#PEACE
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls.
Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag.
However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.
Our job is to wait for the confirmation and take trade decisions accordingly.
MY PLAN:-
Wait for the weekly close to take any trade decisions.
I am not taking any trades in the last 3 months—a few scalps when I see the opportunity.
Mostly hit SL. Sign of a bad market!
Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past
MY MESSAGE TO YOU ALL:-
BTC has been trading within this range for the last few months.
If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too!
So stay strong, and avoid leverage/ futures trades when the market is uncertain.
Try to take a break from the screen and spend some time with your family and friends.
Your mental health is really very important to have a sustainable career in trading.
Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow.
Making profits is our secondary goal, preserving funds is the priority here.
Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful.
This idea is just my view and not financial advice.
Thanks for reading.
Stay strong
#PEACE
#BTCUSDT Short term update.Welcome to this quick update, everyone.
Although BTC is holding the $29k level quite strongly it needs to get above the trading range to rally towards upper targets, $32k, and $35k. (I know you know this already!)
Lower support is around $28k and resistance is around $30.8k.
We have already seen a fakeout (the red circles)!
I've shown the expected move in the chart, let's see how it goes.
For scalpers:- The long level is around $29,280 with SL below $28670 with a target of $32k.
*Not financial advice.
DYOR.
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#BTC/USDT $38k on board. JUNE ROADMAP!! Explained.BTC followed our last update and held the $28.5k level which also happens to be the .618 fib extension considering the covid low and recent ATH.
Broke above the $30.8k level too!
Volume profile matches with all those pumps that happened in early 2021 and July 2021.
However, there are a few points BTC needs to fulfill like BTC needs to break above the $32k level.
Here's what I expect:-
With several choppy ups and downs in BTC, it's highly likely that it will hit the $41k level.
Breaking above the Blue channel with lower low and lower highs.
We need a new higher low that could happen If BTC breaks above the blue channel.
Secondly, BTC needs to hold the golden ratio level which is $38.5k
The chart is quite clear here, there's a high probability of this scenario playing out in the next couple of weeks.
What's important is HOW BTC reacts to the $38k to $42k level I am quite confident BTC will hit that level.
Follow me if you don't yet, I will be updating this chart when needed.
Do hit the like button if you like my updates and share your views in the comments section.
Thank you
#PEACE
#BTCUSDT Is it possible to see a new ATH This Year?It's very hard to make any bold statement about this question but I'll be sharing the info in the chart and let you decide.
A series of green candles are more likely than more red candles IMO.
Following are the reasons for my take:-
1. The .618 extension is holding quite nicely for the last few weeks as stated in my Marco TF Idea on BTC in April. (I will tag the link below this chart)
2. BTC has been showing signs of strength on multiple indicators on higher time frames as well as LTFs.
3. The pattern looks incomplete TBH, It needs to print triple top with a new ATH above $72k. (Debatable point I know)
4. We might see more choppy PA below the 0.618 extensions (taking the covid crash low as our starting point) which will eventually end up with a wick in HTFs.
5. BTC has never retraced to its previous ATH in a rally which means if that happens it will simply mean BTC has changed its trajectory with prolonged and elongated periods. For now, we need some green candles.
6. Close above the $32.8k level will trigger the rally. For the starter, it needs to break above the Blue MA. (Observe the circles) which is the $30.8k level.
Taking into account these points, there's a 65% possibility we will see a new ATH this year.
This is not financial advice. Just my take on the macrostructure of BTC.
This chart should not be taken as a reference to trade on leverage and short-term scalpings.
DYOR before taking any trade decisions.
INVALIDATION POINT:- A WEEKLY CLOSE BELOW $26,408 (Recent Low )
Let me know what you think in the comments section.
If you like these ideas do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTC Dominance Rejection in progress.. ALTSEASON??#BTC Dominance getting rejection from the resistance. Reason we are seeing some green in many Alts across the market.
ALT/BTC Pairs are likely to continue the rally unless broken upside.
The trend for alts look strong for now but keep in mind this will only stay this way as long as BTC holds the $28k level. That is the key level we need to keep an eye on.
Make sure you keep enough cash to buy the Dips and always DCA your entires and use SLs.
Cheers
Smash that like button if you like it and share your views in the comment section.
Thank you
#PEACE
#Stable rejected as per last chart but will this Rally continue?Dominance got rejected from the resistance zone as speculated in our last update.
We needed a close below 5.90% in LTFS to see a rally across the market. You can already see that happening right now.
Few altcoins have pumped almost 100%+ in a couple of days.
I expect this rally to continue for the next 2 to 3 weeks followed by another correction which will eventually give us a double TOP in USDT Chart.
This will wipe out all the gains made in this short term rally AND WHEN IT'S ALL GONE there will be a continuation in uptrend for few more weeks.
Let me know what you think in the comments section and do hit the like button if you like it.
Thank you
#PEACE
#BTCUSDT Short term update. Trigger point here...Welcome to this quick update everyone.
Nice bounce so far. BTC needs to get back above the ascending triangle pattern .
The current resistance is around $32k.
Anything else is a noise. IMHO, do not stress much on trading.
The grey area is likely to be taken in the next few candle closes.
Weekly close above $32k is all we need.
Bulls are holding the $28k area nicely as long as it holds the price is likely to move to upper levels all the way to $32-$34-and even $36k. For this to happen we need the $32k to be taken.
If you like these short updates, do hit the like button and follow me for more.
Also let me know your thoughts the comment section.
Thank you
#PEACE
#BTCUSDT The bottom is in????BTCUSDT
2 Day Chart:- 28.8k is holding so far which also happens to be the most important support level.
The previous candle left a wick and got back into the channel.
I still believe this could be the bottom.
Only losing the $28.8k level would be bad for BTC and we could see another low below the $23k area. But this mpve will break the pattern.
All eyes on weekly close now.
We could see some sideways consolidation for the next few weeks.
What's really important is to hold this green zone for BTC.
This is not a financial advice , these are just my own observations.
So, DYOR before taking any trade decisions based on my charts.
Let me know what you think in the comment section.
Do hit the like button if you like my updates.
Thank you
#PEACE
Stay safe
#USDT Dominance bearish!!USDT Dominance :- Looks bad , we could see some breakdown here which will eventually be good for ALTS and BTC.
Trading around 5.93% my level was around 5.90%.
Let's see if we could get a daily close below that.
This is good for the entire market.
Let me know your thoughts in the comment section and do not forget to hit the like button.
Thank you
#PEACE
#STABLE DOMINANCE HITTING THE RESISTANCE! Whats's next?Certainly hitting the resistance.
BTC needs to get above $32k . In case that doesn't happen, USDT Dominance is pointing towards lower levels in BTC.
So it's important to be careful here and staying in Stables is better than buying anything right now.
ALTS I won't touch right now and rather wait for confirmations.
Break and close above that orange trendline could lead to the real capitulation in throughout the crypto market.
Eventually a low lower than $26700, $20k to $21k? Well looking at the current situation that could happen.
So Let's watch closely that orange line.
Higher possibility:- Since, we have seen false breakouts in USDT Dominance since very long and it's already up 192%+ since the last 6 months, there's a possibility we can see a correction in this chart.
This will lead to the continuation in uptrend for BTC and altcoins. Key level is $38k in BTC.
These are my own observations and are not meant to be taken as financial advice.
Let me know your thoughts.
Thank you
#PEACE
#BTC/USDT More pain? Or is it over? What happened in the last 1 week was unexpected and painful for many.
Now what's really important is whether BTC is already bottomed or not.
BTC made a low of $26,700 way lower than the previous support of $29k.
Now people are very panicked just like the covid time.
Also to notice, BTC is currently trading around the 0.618 Fib level extension which also happens to be the golden ratio.
The selling volume is high just like Covid, March 2020 and May 2021 which was followed by a V- shape Recovery.
So these are my thoughts:-
Breaking below $26.7k could take us all the way to $20k which is the previous support.
In case that happens, it will be rapid. There's no hard support between $20k and $28k.
With all the FUDs across the market, it's tough to make any concrete calls right now but one thing is for sure,
If you were looking to accumulate BTC, this could be the right time to start accumulating.
Am not sure about Altcoins since BTC Dominance is going up against better to be positioned in BTC and stables.
If BTC holds the green zone expect some good recovery in the next few days.
This is just my thoughts, not any advice.
You are responsible for your own trading and investing.
Let me know your thoughts
Thank you
#PEACE