BITCOIN LONG Trade 20230308Signal: Blue * 3
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Cryptos
ETH:The analysis of ETH's future market situation is as followsETH as a whole is still in a wide range of oscillations at the daily level. Technically, ETH failed to break through the 1590 position, and a new bearish reaction appeared after forming a high near 1583.It fell sharply below the levels of 1550 and 1540.The low formed near 1535.The daily chart is suppressed by the moving average of technical indicators, and the opening of the Bollinger band is downward, the overall market of Ethereum is still running short.
At the small level, the current small-level rebound market is under pressure near 1565. This position happens to be the intersection of the short-term moving average of the 20th and 30th moving average, which plays a role in the market. The market is under pressure, and with the current technology showing kinetic energy, it is difficult to support the rise of Ethereum and make a breakthrough, so the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, from this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, it will be difficult to support the rise of Ethereum and make a breakthrough. Therefore, the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, From this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, when If the kinetic energy is exhausted, a new round of falling markets may begin.
So in terms of operation, Ethereum can enter with empty orders near 1583-1590, below the target level of 1540.
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BINANCE:BTCUSDT BINANCE:ETHUSDT BITSTAMP:BTCUSD BITSTAMP:ETHUSD COINBASE:BTCUSD COINBASE:ETHUSD
Successfully won the rebound of Bitcoin,how's the future market?The operating idea given by Bitcoin yesterday was to go long near 21800, very accurately grasping the vicinity of the lowest point in the short-term, and got a relatively good rebound profit.
On the fundamental level, after Powell's speech, the sharp rise in the US dollar will pose challenges to global non-US currencies and risky assets, suppressing their prices.
On the technical side, after Bitcoin fell yesterday, it broke the extension line of the low point of the daily K-line, breaking the short-term strong trend and returning to the weak range. The short-term pattern is bearish, and the high point of the recent rebound of the daily line forms new resistance. Together with the short-term moving average, it suppresses the rising Bitcoin market, while the technical indicator MACD diverges downward, and the downward momentum is strong, and the overall still shows that the Bitcoin market is running short.
So in terms of operation, Bitcoin can be shorted at the position of 22600, near the target position of 21900.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT INDEX:BTCUSD BITSTAMP:ETHUSD
After the Bitcoin market fluctuates, how to choose the directionBitcoin, judging from the daily level, the current price as a whole remains within the range, but there are obvious signs of decline in the price operation, and it tries to break below 22,000 US dollars, forming a long shadow line.In terms of technical indicators, the opening of the Bollinger band is downward, while the short-term moving average is suppressed downward, and the MACD is downward, and the short-term bears have the advantage; however, Bitcoin can recover to above 22,000 after breaking below 22,000, indicating that the current market sentiment is not overly bearish. In the fluctuation of the K-line, beware of the possibility of retracement of the K-line to induce short-selling.In addition, there will be greater news stimulus on Wednesday, and we need to pay attention to it.
Judging from the 4-hour chart, the currency price is still in a state of shock and sideways trading, and the sudden short-term decline may be to wash out unwavering retail investors, but also for the arrival of a big news market brewing tomorrow, the box support below and the support of the 22,000 integer mark are still valid, so you can still consider going long at a low level in terms of operation.
Operation idea: Consider going long in the low position near COINBASE:ETHUSD 21800, and the first target position is 22600.
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BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD
BTCUSDTBTCUSDT daily chart, you can see that the price is below the 25288.50 level which is a key resistance zone. And it also indicates a downtrend. This week, if the price fails to break through the resistance 23276.42, expect further declines. Wait to sell the red zone, targets 21780, 20937, 19853 and 18700 >> GooD Luck 😊
Bitcoin is facing a key decisive battle, will the bulls rise?
As of the update, the current price of BTC/USDT is US222,438, and the daily performance still shows a short trend, but the current price has been maintained at a small fluctuation, not quantified, this situation is much like just after an unusually intense exercise, you need to calm down.The current position of the daily line near 22500 is the key. If it can stabilize at this position, then the price environment of BTC/USDT will be greatly improved; there is even an opportunity to rebound to the 23700 mark; and once the 22500 position cannot be held, then BTC may fall to the level of 22000 or even 21500.
Judging from the 4-hour chart, the price of BTC is gradually shifting upward, and the MACD technical indicators are gradually rising. However, in terms of strength, the short-term will not rise too high. It is estimated that there will be no major fluctuations in the first few days of this week, and it will run in the range of 22200-22700.
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MATIC BREAKOUT SOON!!!MATIC
4HR Falling Wedge
4HR RSI trendline
4HR EMA resistance
BREAK = BULLISH
LETS GO!!
Bitcoin Long Trade 20230304High Risk Reward Trade
Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Will Maker Continue Its Rebound?Maker has rebounded recently, but how stable is this renewed bull run?
What is Maker? Maker (MKR) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is a governance token used to manage the MakerDAO platform, which is a decentralized finance (DeFi) protocol. MKR has experienced some recent market trends and developments, so let’s the potential growth prospects of this cryptocurrency.
MKR's Rally
MKR has started rebounding from the descending channel that it has been stuck in since May 2021. It broke from its descending trendline it has been stuck in since August 2021, and crossed above the 200 Simple Moving Average (SMA), which acts as mobile support and resistance. These two indicators suggest MKR has turned bullish, and investors should keep an eye on this cryptocurrency.
While MKR had a big day on Wednesday when it increased by 17%, it is unclear whether this strong rally will continue. Currently, MKR is slightly overbought, which means that the price may start to drop or range. Historically, each time MKR reached overbought levels on the Relative Strength Index (RSI), it started falling or ranging. However, it's essential to keep in mind that the RSI can be overbought for a few days, so it doesn't mean that it will change its current trend immediately.
Support and Resistance
If MKR starts retracing, the $700 and $500 support levels are ready to step in and halt the retracement. These support levels have been significant in the past and have helped to stabilize MKR during bearish phases.
On the other hand, if the rally continues, the next resistance stands at $1,700. This level has been a significant support in the past. If MKR manages to break above it, it could lead to further growth in the cryptocurrency's price.
Bottom Line: MKR recently rebounded from the bear market and crossed above the 200 SMA, suggesting that the cryptocurrency may be turning bullish. However, it is uncertain whether this rally will continue, and investors should keep an eye on the support and resistance levels mentioned above.
BTC Might soon back !!!BTC took monthly support which was earlier resistance during the period of 2017,2019 and 2020.
On weekly TF its in the range of lower high range with a bullish divergence on daily if it breaks 20500 then we can se 15k soon as per structure.
Again on weekly if 25500 is broken then we might see the next bull run.
Sentiments suggest positive for future but structure still remains down.
Note : this is just a possibility of bitcoin in the upcoming period not a recommendation.
Bitcoin short-term update - BTC at $24,888 see ideas from Aug 22Bitcoin short-term update
(a) BTC overbought with perfect bounce at $24,888 - see my tweets from August last year👀
(b) correction to bearish target at around $23,455 would be healthy at all🐻
(c) next bullish target at $25,363🐂
Have a great day dear Crypto Nation😎
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
EOS ready to breakout in the coming monthsEOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry.
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching.
I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle).
1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar).
2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation).
coinmarketcal.com
Perl Testing Major Trend Line Seems Like Perl Has Bottomed Out & Testing Major Trend Line In 3 Day timeframe
Incase Of breakout Expecting 280 To 300% bulish Move
Entry Can Be Taken On !Day Tf Breakout