Hello fellow traders, today i would like to share my idea on the next possible move of BTC . Since I'm new to trading and not qualified to give any sort of financial advice take this as a general outlook of the current situation and my personal thought. I'm not a native english speaker so excuse me if i make any sort of grammatical errors.
For starters i would...
Bitcoin is moving in a main descending channel in the 4-hour time frame, and as I expected, the descending Scallop pattern worked well.👇✅
But if you look a little more at the Bitcoin chart in the 1-hour time frame, you will notice that Bitcoin was able to create a smaller descending channel inside the main descending channel.
I expect Bitcoin to break out of...
Can we use the past to predict the future?
Hello everyone, today I will answer the question: Can we use the past to predict the future?
Like many questions in finance, it is difficult to give a yes or no answer.
On the one hand, yes we can say that in practice and historically we can predict, or at least get a good approximation of the future of an asset by...
Bull theory – Bottom is already in for Bitcoin INDEX:BTCUSD
There are severeal technical indicators and measurements that suggest it could be.
Firstly, the 50-week MA already crossed the 100-week MA. Each time this occured, the bottom was already in, both times as the weekly RSI dipped into oversold conditions. The price behavior has also been similar to the...
Traders,
In this update, I am going to focus mostly on the U.S. Housing Market decline and what it means for the Feds reactionary policies, the U.S. stock markets, crypto, and the future of our U.S. economy.
Stew
This is one of a million reasons to why i think we havent bottom yet.
Please dont cry in the comments, this is simply just an idea i wanna share with everyone NFA,DYOR
Bitcoin/BTC/Crypto target is 10-12k and it worst case 7k and best case 14k
Expect an upside correction to 17K first. A relief rally after severe drop is normal. Breakdown below 15K will be only after the visit of 17K. After 17K the price might go for another leg up to 18K. Nevertheless it will drop eventually.
Bearish sentiment of 14K in one-two days is highly unlikely. If it happens anyways, it will be triggered by some extremely bad...
Disclaimer: NOT FINANCIAL ADVICE | Please Like and Follow if you agree.
As we can see we are inside a falling wedge pattern which is a bullish pattern and it's more likely break to the upside.
if this pattern play out we can enter to a long position at 18950 are because it's demand zone in 4HR timeframe. or you can wait to break the resistance then you can enter...
a ton of fairly good setups out there. continue looking for the high beta plays.
from a macro perspective, if we get this zone as the swing low, avax should run much higher..
but from a local perspective, we think $19 is a conservative 10% target where we'll likely start to see some turbulence.
XRP
Intraday - We look to Sell at 0.3459 (stop at 0.3521)
Daily signals are bearish. Our short term bias remains negative. The trend of higher highs is located at 0.3460. We look for a temporary move higher.
Our profit targets will be 0.3301 and 0.3261
Resistance: 0.3400 / 0.3450 / 0.3500
Support: 0.3300 / 0.3240 / 0.3200
Please be advised that the...
Hi friends, I hope the week is unfolding for y'all as planned ;)
Today, we've got another possible long-term trade signal. These trades signals are only derived from this timeframe (Weekly). The monthly doesn't fully support them, and that makes the trades highly risky. I feel like the price won't drop to the last target. I think it will reverse on the 3rd Weekly...
If we are going to have a technical analysis according to the Fibonacci indicator, I can say that we encountered the yellow Fibo line and showed a good reaction to it, and it seems that we are going to move down and the targets It is determined that we should touch 23000 and 22500 and then decide on the next move. But as I mentioned in the previous post, the...
BCH moved even higher following the break out of a diagonal in the last few days. Notice that recovery is now in five waves on the hourly chart so it appears that more gains can follow after the retracement. There is nice technical support at 113 followed by 108/110 area, where the price can meet the trendline.
Hi friends, I hope y'all having a profitable week ;)
This crypto's behavior is similar to BTCUSD that I posted few minutes ago. So I won't talk much about it.
