I have already shared a daily timeframe idea of BTC yesterday. This is just an other view with Fib retracements from the March 2020 corona dump to current ATH. And the golden pocket and 4H demand are in a confluence. I think we will bounce from there.
This is the spot chart of BTC from Binance, yesterday I shared futures chart of BTC there will be very slight...
Possible 3 scenarios for BTC in daily timeframe from my perspective.
Path 1 (Green) : If we break past 40k and get a proper close. We will go to 51-53k range and come down to retest 40k for support and move up more.
Path 2 (Blue) : There is a strong possibility for us to go down and get some more liquidity in order to move up. So if we bleed 26k range (4H...
BTC broke down from a rising wedge from 4h time frame. But on daily its looking like its gonna bounce from the golden pocket given in the chart. EMA 100 is also in same spot as the golden pocket. So the probability of the bounce is more unless there is any negative fundamental news.
There are two possible scenarios green and red paths.
0.6562 would become a support or resistance.
If it resist a cup and handle pattern would be possible otherwise a breakout and retest will occur with higher high.
The possibility of a resistance is more because of high funding rates.
Just an possible idea.
Total value locked in the curve finance is increasing too.
There is a prominent cup and handle pattern in the daily charts.
I have entered some long positions in CRV. This chart is just an expression of possibly trajectory for CRV in the coming weeks.
ATOM has been consolidating in a range for more than 6 weeks.
Gravity Bridge Testnet will be live soon this month.
Chart is an idea for mid term trade.
Funding rates are high now so hope the entries gets filled and we could see a move up.
Two possible entries are :
Take profit at :
24.506 - 25%
26.550 - 25%
37.325 - 50%
ONT is network is an alternative for the ETH and BSC. Dapps are being built on ONT. OpenOcean, Unfi, etc are using ONT network and more are integrating ONT.
This is just an idea of the ONT chart on daily timeframe.
I will add ONT if it get dipped or when it retest the resistance area as support.
The earlier trendline was broken but didn't sustain the run up and BTC went down. Earlier trendline is given as dotted line.
Now BTC inside the kumo cloud and edge to edge setup. With the current scenario and weekend trades BTC has more possibility of going up.
This is also an idea. Not taking any trades now.
We have a trendline with quite some of touches.
So keeping fingers crossed it will retest and go up or breakdown and retest it as resistance.
Not giving any trade signal now. Can enter long or short according to the BTC movement.
Kumo cloud and Fib retracement position below from cmp cloud give a good entry.
Use stop loss and take 50% TP at 0.11795 and 50% TP at 0.1264.
After bids get filled and the price moves above 0.1131 move stop loss to entry.
Always less leverage so less loss if things turns opposite.