CryptoTradersWW

CryptoTradersWW

The major issue is how low this can go and whether it can rebound from such a massive sell-off. I've seen some massive drops in Crypto, and Luna is up there with the most memorable. Is it approaching zero? Nobody is aware. Technical levels are one thing we may look at. The price is currently hovering around the Weekly level set about a year ago. This occurred when...

CryptoTradersWW

Since the beginning of the year, price has been trading within this massive channel. We witnessed the price break below this trendline yesterday, and I can see many people becoming quite negative and opening short positions at this level; however, after such a massive sell-off across the market. Before the broader trend resumes, we could witness a relief bounce of...

CryptoTradersWW

BTC/USDT Looking at the BTC chart on the hourly timeframe price lost the $39K support which held throughout the weekend and has been retested and is now acting as resistance. The key level to watch if we gt there is $37K this is where I believe the bulls will likely become very interested. If we see $39K reclaimed then we could get a push higher from there....

CryptoTradersWW

Yesterday's late breakout turned out to be a ruse, with price frontrunning the daily level as POC, and we reversed back down and made another lower low shortly after. The bulls will now have to recapture $42700 in order to have any prospect of a recovery. The next substantial level of assistance is roughly $40,000. Looking at the order flow, sellers are showing...

CryptoTradersWW

Price is reaching the falling triangle's apex, indicating that a substantial move is on the way. With a pattern like this, it's critical to stay neutral until we see evidence of a breakthrough. Below the $2 support, there is a large hole, which might lead to a rapid decline if this level is lost as support. The bulls will have to work a little harder to...

CryptoTradersWW

On a simple chart, the former support of $100 has now turned into resistance. Looking at the most recent price movement, it appears that the price has formed a prospective ascending triangle, implying that buyers are entering on every dip. We received another rejection at $100 yesterday, so if you're thinking about going long, this is a high-risk trade unless we...

CryptoTradersWW

This month, keep it simple with BTC! The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served...

CryptoTradersWW

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CryptoTradersWW

Price had a strong breakout from the triangle, and is presently stalled at the point of control drawn from August 2021 to the current price action. Buying at this point is dangerous because the price is at a resistance level. If we see a retreat from here, $44600 is a potential bounce area, as it is a daily Naked point of control and will coincide with a retest...

CryptoTradersWW

New Information! The Fibonacci level of 0.382 was held, indicating a strong uptrend. The price on the lower timeframes was creating higher lows, which we could clearly discern. The $42K level was broken, and the price is now retesting it as support, as well as the high of the value area. If this level holds, I expect to see the higher resistance levels of $43K...

CryptoTradersWW

On the lower timeframes, price has been in a bullish market structure for a few days now (higher lows and higher highs, with price challenging this multi-month resistance once more. If price can break through barrier with volume, we can expect higher prices. For our entry, we'd like to see $0.82 turn into support and 4-hour and daily closes rise above it. On the...

CryptoTradersWW

I'm still waiting for BTC to make a decision on which way to go between these two daily levels. We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about $39K. Following that, we must observe...

CryptoTradersWW

The S&P 500 futures have been a leading indication for BTC price direction since this morning. The stock market has gained strength over the last two days, with prices currently nearing the top of the range. If we witness a breakout above, it's possible that this will spill over into the crypto market. Today is also the FOMC Fed meeting, which is expected to...

CryptoTradersWW

This morning, I'm attempting to discover some longer-term opportunities. Algo/USDT is one of the coins that is close to historical support. The price is currently testing $0.67 for the fourth time, but no meaningful reaction has yet to be seen. The zone between $0.50 and $0.56 is another level | am interested in for a long time. There is ascending trendline...

CryptoTradersWW

Following up on yesterday's report, the resistance at $39K was simply breached, despite the fact that it had previously been tapped. The price is currently encountering resistance. $42K is a key support and resistance level for several support and resistance flips. If the price breaks through this level, it may test the $44300 daily barrier and maybe the upper...

CryptoTradersWW

Yesterday's levels were respected both to the upside and to the downside. For the upside, $39K remains a level of resistance. However, this has been tapped a few times now, so this area is now weakened. The next two levels to pay attention to is $41300 and $44500 if we see breaking to the upside. Current support is $38000, which, if lost on the daily timeframe,...

CryptoTradersWW

Price is moving within a broader wedge pattern, similar to other coins, with equal touches of support and resistance so far. Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support. The bullish case for the price is if it reclaims $40k as support, which would indicate that a move higher...

CryptoTradersWW

If the price of BTC were to fall, this would be my preferred outcome. The goal is to capture more longs and liquidate shorts before the market drops.