Bitcoin Ready for $36000 in Next 30 Days ?Bitcoin Technical Analysis: Strong Support at $28700, Potential for $36000 Target
Bitcoin has been trading at HKEX:29300 , and as per the chart, it has broken out of the $28700 resistance level and is now doing a retest at that level. This article will provide a technical analysis of Bitcoin and highlight the potential for a bullish or bearish trend.
Key Levels:
Support: $28500
Resistance: $30500
Headings:
Bitcoin Technical Analysis
Breakout and Retest at $28700
Strong Support at $28500
Potential for $36000 Target
Risk of Dropping to $23000-$24000
Breakout and Retest at $28700:
Bitcoin has recently broken out of the $28700 resistance level and is currently undergoing a retest at that level. This retest is crucial in determining the future direction of Bitcoin. If the retest is successful, we could see a potential for a bullish trend.
Strong Support at $28500:
The $28500 level has now become a strong support level for Bitcoin. If Bitcoin bounces back from this level, it could potentially reach the next target of $36000. However, if it breaks below this level, the bullish hope is lost, and we could see Bitcoin dropping to $23000-$24000.
Potential for $36000 Target:
If Bitcoin successfully bounces back from the $28500 support level, the next potential target is $36000. This could be a sign of a strong bullish trend.
Risk of Dropping to $23000-$24000:
If Bitcoin fails to hold the $28500 support level and breaks below it, the bearish trend could take over, and Bitcoin could potentially drop to $23000-$24000.
Takeaways:
Bitcoin has broken out of the $28700 resistance level and is undergoing a retest at that level.
$28500 has become a strong support level for Bitcoin.
If Bitcoin bounces back from $28500, the next potential target is $36000.
If Bitcoin breaks below $28500, it could drop to $23000-$24000.
Conclusion:
Bitcoin's technical analysis suggests a potential for a bullish trend if it successfully bounces back from the $28500 support level. However, if it breaks below that level, the bearish trend could take over, and Bitcoin could potentially drop to $23000-$24000. This is not financial advice, and readers should conduct their research before investing in any coins.
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ADA/USDT Technical Analysis Update: Bullish Breakout Potential &ADA/USDT Technical Analysis: Potential Bullish Breakout in Sight
Cardano (ADA) is currently trading at $0.41, showing a 39% increase from its recent bottom. In this technical analysis, we will discuss the potential for a bullish breakout in ADA/USDT and the target price if it occurs.
White Neck Line Resistance
Left Shoulder, Head, and Right Shoulder Formation
Potential Target Price
Stop Loss
Conclusion
Inverse Head & Shoulder White Neck Line Resistance:
The current price of ADA/USDT is testing the white neck line resistance, which, if broken, could trigger a bullish breakout. Therefore, traders and investors should keep an eye closely on the current price level and monitor the price action closely.
Left Shoulder, Head, and Right Shoulder Formation:
The left shoulder, head, and right shoulder formation is a well-known technical pattern used by traders to identify potential trend reversals. In the case of ADA/USDT, the pattern has already formed perfectly, with the current price level testing the white neck line resistance.
Potential Target Price:
If the breakout occurs, the potential target price for ADA/USDT is $0.73, which is a 76% increase from the breakout level. However, it is important to note that this is not a guaranteed outcome, and the price may fluctuate depending on various factors.
Stop Loss:
To mitigate potential losses, traders should place a stop loss below the neck line support. This will limit the downside risk in case the breakout does not occur or the price reverses.
Conclusion:
In conclusion, the current price level of ADA/USDT is testing the white neck line resistance, and a bullish breakout may occur soon. However, traders and investors should do their own research and analysis before investing in any cryptocurrency. Technical analysis is just one tool that can be used to make informed investment decisions.
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ETHUSDT | Correction started or expect another removal?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Earlier, I spoke about a similar removal to the local resistance of $1680 on the chart, the price came exactly to the level.
We collected liquidity from the highs and at the moment there is a slight correction to the previous traded zone of $1600-1550.
Expectation for the near future: I think that you need to wait for confirmation of local support and see how the asset will behave there, or try to take small long positions with minimal risks, or wait for the price to fall below the level of $1512 and from there also take small short positions.
Well, also, do not forget that everything now depends on bitcoin, if the buyer can hold the $22,800 zone and push the price even higher, then, accordingly, ETH is waiting for a flight already from the current values above $1680 unequivocally.
BNBUSDT| A secure entry point could be tomorrow!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I already wrote a long time ago about the removal of BNB and we are slowly approaching the goal...
For now, I just try to watch the asset and not resort to risky transactions, why? If you can get into a safer trade...
Now, after a long standing, the alts are showing us reversal movements and breakdowns of various cod lines, BNB is no exception, after the breakdown, the countertrend growth was 11.5% and I think that there is a chance to see the takeaway further..
As I already said, inflation data is coming out tomorrow and if we see a positive result, then most likely the market will react with an upward movement, and the asset may come to a strong resistance block of $315-330, it is from there that I would take a short position, other entry points until I look.
For the most impatient:
You can try to place limit orders up to $330 from the current ones with a table for $405 (2%) of the main deposit!
But it is better to wait for the CPI data and then make a decision!
This is not financial advice for entering a long position, just sharing my thoughts, make your own decision!
BNBUSDT| SHORT can be closed, soon they will start to endure!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Earlier, I already described why BNB can fall to certain levels, the scandal with the exchange and the US prosecutor's office continues and due to this the coin has already lost more than 30%, what will happen next?
While no one knows how far this might go, CZ is actively encouraging users and promising that his legal team will do everything possible to defend their rights.
Earlier, I singled out a take profit when they started to spread this news on all social networks, and at that time the coin had already lost 10% of its value in a few hours, and Bitcoin also helped, which fell on Friday and dragged the entire market with it.
At the moment, whoever has gained SHORT on this asset, I advise you to fix the majority and rearrange the stop order to plus, or even close the position and wait for the removal to the $250-300 zone, I think that a lot of shorts have stuck during this time and soon we will see an unusual growth .
The most painful winter for BNB? ( 2H chart analysis ) BNB seems to be moving in a descending triangle since Nov 23rd and is pretty close from its breakout point.
The volume in this triangle is confirming the pattern, but the small period from formation until breakout is more likely to be the only underestimated worrying factor of its failure.
In addition to that, the big picture shows us that BNB is moving in a descending head and shoulders pattern since Sep20. The big RSI resistance at the 50% level empowers the odds of a successful pattern with a downside breakout estimated to take place within December.
If an upside breakout from the descending triangle occurs, the price will reach the resistance area betweem 330-350. In this case, the head and shoulders formation will be still present, as the heads level is at 362 level.
A downside breakout from the H&S pattern will take the price down between 150-180 levels within the next 3 months. Which will be a biggest hit BNB takes in winter since its birth.
CRYPTOCAP:BNB CRYPTOCAP:BNB
ETHUSDT | Out of the triangle very soon.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
On the chart, there is an ascending symmetrical triangle formation (bullish pattern)
▫️The asset again got a rebound from the upper border of the $1291 triangle and at the moment a trip to the local support zone of $1260-1230 is possible (I have identified LONG positions as an area of interest for myself).
(10% of the deposit) plan for the deal:
▪️Entry: $1230-1260
▪️Stop-loss: $1160
▪️Take profit: 1300/1350/1380$
Now all the attention is on bitcoin, the asset has again come to the $17,000 zone, if we don’t get a rebound, then most likely we will go to $17,600-18,000 and we will also see the exit of ETH from the triangle and the goals will be achieved.
ETHUSDT|Everything is going according to plan!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
In the previous signal, I highlighted the $1050-$900 zone. We have approximately reached this zone and definitely got a rebound, what should we do now? I think we will still be able to come back to this range and test the $1000-900 zone, everything now, as always, depends on the fundamental outcome of the news. So far, MM continues to put pressure on the market and we again see a decline.
On Ethereum, I took a 10% deposit, if we again come to the $ 1070-900 zone, I will actively buy more.
SOLUSDT|Time to re-enter SHORTHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️Again we analyze the deal of the last deal, the last signal in LONG worked by 28%
▫️The chart shows that the asset has broken through the local trend line and is now standing near strong resistance.
▫️I expect a possible trip to the $33-34.5 zone against the background of #BTC growth to ($21,000) from there I am considering a deal in SHORT for 5-10% of the deposit, the stop was removed above $36 (36.36)
▫️Not financial advice! But if you still enter a trade, do not forget about risk management! This is the most important thing in trading!!!
BTCupdate| Couldn't get higher and got a rebound!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Bitcoin still failed to break above $21,000 and bounced off the trend line again, while everything is going according to the intended SHORT plan.
Then I think there will be a decrease in the direction of $ 20.200-19.800 this week the Fed meeting will take place and, as always, according to the classics, they can rock the market up and down, so be prepared
My first take profit for $20,450 here you can fix 20-30% and transfer the stop to used. the rest I will fix at $ 20.000-19.750
DXY will be a strong correction? The stock market will show growHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️The Japanese yen is flying down, thereby dragging the dollar index.
▫️Locally very good for Bitcoin, if we see a continuation of the DXY correction to the 110-108 zone, we can expect a bounce in #BTC to the $19.500-19.750 zone these are the first targets of my bitcoin plan.
▫️Bitcoin long plan from 19,200 is still valid! Who took below 18.650-18.800$ do not forget to put stop-loss in used. I think the volatility may continue next week!
$BNB > $ETH > $BTC BUT will the reverse order drag BNB down?If $BTC folds, will it drag $ETH with it?
If #ETH follows will $BNB hold or follow?
#BNB looks a bit better but showing age
RSI does look healthy
It's had huge run volume dying
Expect big volume soon
#crypto #p2e #metaverse #nft
BTCUSDT|Targets for next week.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Weekends pass as usual without much movement, after all, the German seller is able to hold the $19.500 zone, which was a strong local support, and we are again in the $19.000-19.200 range, which is a strong level!
What scenario can we see next week at the opening of the markets:
On the technical side, we are near strong support, also if you pay attention to the stock market, it closed on the fall in the $ 3580 zone, the DXY chart also closed with a slight increase!
This means that in the next week, most likely, we will continue to be lowered below $19,000
For myself, I have identified a zone of interest for buying $ 18.500-18.2000 I think there you can consider a local LONG
BTCUSDT|Review for next weekHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️ It was hot yesterday, agree? Next week will continue!
▫️According to the chart, the price hit the trend line, which runs from September 21, $ 19.300, I think we won’t see any sharp movements without volumes on the weekend.
▫️So far, the asset is near the important support zone of $19.500, there is a chance to get a local rebound towards $19.800-20.000 from there, well, if you look at the SPX500 chart, you can see that the stock market closed on a fall, which means that on Monday there is a chance to see a continuation downward movement and for bitcoin also in the direction of $ 19.200-19.000, a breakdown of the trend line.
▫️I have fixed 70% of the position at $19.550 so far, the stop-loss has moved to plus at $19.800. I will wait for the new week, and then act according to the situation.
▫️Congratulations to everyone who was with me in transactions with yesterday's profit and wish everyone a good weekend!