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Bitcoin-btcusd-btc

daily trend change back to bear likely bounce seems imminenti think its obvious that the daily trend has changed back to bearish, and the levels ive marked out, upper if we atay over pivot and lower if we remain beneath, are key support and reaistance that remain. i think we ahould revisit TRAMA and SSS levels but not outgain the QQE short entry. fibo time zone 5 is over, and the correction b wave should play outover to 8. rising and falling trendlines are long term resistance and support.
BITSTAMP:BTCUSDLong
by cerealpatterns
BTC Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *This bearish week was marked by degrading economic data from China, Germany and the USA, stoking global recession fears once again. China is currently seeing a weaker consumer (due to still ongoing effects of the Covid lockdowns), heat waves affecting factories, a weakening property sector (in need of infrastructural support) and slower export growth as a result of the massive global supply chain restructuring currently taking place. Germany is still reeling from sanctions and interruptions regarding the Nord Stream Pipeline as they prepare for a energy shortage this winter while the Rhine River is reportedly seeing a drought that has affected their ability to load barges to full capacity, adding to the economic growth woes they are likely to face for the remainder of the year. Meanwhile, the USA remains committed to tightening further and raising central bank interest rates beyond neutral as the US Housing and Credit market begins to show signs of weakness; this has led to a drop in the forecast for Q3 GDP. Though bearish at the moment, the uptrend in Bitcoin remains supported as long as it stays above $20k psychological support (also the uptrend line from 06/18/22). Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.* Price is currently testing the 50 MA as support at ~$22k after being rejected by $24181 minor resistance for the third time since 07/20/22. Volume remains Moderate and is on track to favor sellers for six consecutive days if it can close today's session in the red. Parabolic SAR flips bullish at $25.2k, this margin is neutral at the moment. RSI has broken below 3 supports in one fall and is currently trending down at 36 with no signs of trough formation as it still technically tests 42.41 support. Stochastic is currently testing max bottom and is beginning to form a soft trough. MACD is on day two of being bearish and is currently testing 313 support. ADX is currently trending down slightly at 20 as Price falls, this is neutral at the moment. If Price is able to bounce off of the 50 MA at ~$22k as support then the next likely target is a retest of $24181 minor resistance . However, if Price continues to break down here, it will likely retest the uptrend line from 06/18/22 as support at ~$20k psychological support . Mental Stop Loss: (two consecutive closes above) the 50 MA (~$22k).
COINBASE:BTCUSD
by dailytaguy
BITCOIN Critical test for this uptrend. CAUTION needed.Bitcoin (BTCUSD) was rejected on Monday on the 1D MA100 (green trend-line) with the selling accelerating today as the price broke below the 1D MA50 (blue trend-line) for the first time since July 27. This is a critical test for this uptrend as the very stable Channel Up that started after the June 18 Low, is approaching its Higher Lows (bottom) trend-line). ** An identical Channel Up ** The 1D RSI shows that we are testing the symmetrical Support Zone of another Channel Up, that of January 24 - May 04, similar in structure with the current one. As you see as long as that Support Zone held, the price was contained within the former Channel Up. In fact that Channel was also rejected at first on the 1D MA100 and fell below the 1D MA50 (twice also) but recovered and hit the 1D MA200 (orange trend-line) where the eventual rejection started to the June 18 Low. ** 1D MA200 or 1W MA300? ** As a result, the RSI shows the limits where trading inside the current Channel Up can be prolonged. A break above the Higher Highs (top) trend-line of the Channel could be enough to hit the 1D MA200 but a break below can be extremely alarming as not only the long-term Support of the 1W MA300 (red trend-line) may be tested but if failed, even a downside extension to the 1.5 Fibonacci extension level is possible, which is exactly the first level hit when the former Channel Up broke. What scenario do you think is more probable? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
2
Bitcoin long-term view - reducing distances to EMA100Bitcoin long-term view - reducing distances to EMA100 Interesting to see the past BTC All Time Highs and the corresponding distances to the weekly EMA100 From 2013 >> 2017 >> 2021 - the distances decreased each time Does that mean the next ATH peak will only be less parabolic? Not necessarily since EVERY trend line can be broken - but maybe a possible fact to consider IMO What are your thoughts on that dear Crypto Nation? *not financial advice do your own research before investing
INDEX:BTCUSDLong
by Crypto4Everybody
ETHEREUM - BULLISH CASEWhile most of the market remains bearish and turning down is somthing we must consider there is still a lot potential of climbing up imo. We can see some powerfull patterns around price action, now correcting a bit to a median of potentialy huge channel. As far as 1740-70 holds structure of an uptrend will be hold. Finally if we can do one more push up towards 2100 and wont reject there hard I think breaking that rising wedge to the upside will be very possible and that would mean we can go parabolic above the main trend line.
BYBIT:ETHUSD.PLong
by mess_on_a_mission
1
BITCOIN This 3D RSI rejection is far from ideal. CAUTION needed!Bitcoin (BTCUSD) is trading today on the fourth straight red 1D candle and even though the pull-back is insignificant so far, there is a certain pattern on the 3D time-frame that is worrying. As you see, the 3D RSI hit last week the Lower Highs trend-line that started on January 07 2021 and defined this whole Bear Cycle. This week, we see that 3D RSI turning lower as the test turned out to be a rejection. This has also happened on March 26 2022 and November 06 2021, which marked the last two Highs of the market. Based also on the 3D MACD, which has been steadily rising since June 30, this pattern resembles the bottom sequence and subsequent first rise of the recovery phase during the previous Bear Cycle of 2019. As shown, the 3D RSI had a rejection exactly on the same level as today's one, while the 3D MACD was rising. As with today, the rejection came before hitting the 3D MA50 (blue trend-line) and took place on the 0.382 Fibonacci retracement level (counting from the top of the last collapse, essentially the 3D Death Cross). The resulting pull-back found Support on the Higher Lows trend-line and the 0.236 Fibonacci level and after some more consolidation both the RSI Lower Highs and the 3D MA50 broke and a very strong rally took place. Now, the fundamentals behind that rally were different and a 3D MA50 break-out doesn't have to necessarily follow 2019 into such a strong rally. But still it will be evidence of the new Bull Cycle. If you are a short-term trader though, that 3D RSI rejection tells you to proceed to the next days with caution and look for that more confident lower buy. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
27