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Technical analysis update: BTCUSD (4th December 2021)Recently, we correctly predicted the double top formation in its early stage while noting that Bitcoin was near its cyclical peak. Additionally, yesterday we warned investors about the imminent retest of a key technical level around 53 000 USD. Then overnight BTCUSD fell over 20% to as low as 41 967 USD. Since then the price retraced back to 47 800 USD. We continue to maintain a bearish stance on Bitcoin as we expect selling pressure to be persistent. However, it would not surprise us to see price retracement continue a little higher (and possibly above 50 000 USD) before falling again. Technical and fundamental analysis supports our bearish view. Crucial technical levels to watch are 48 834 USD, 42 900 USD and 39 573 USD. In the following weeks we will observe whether BTCUSD will manage to break below 39 573 USD and indicate continuation of the bearish trend. Our bold predictions from recent past: We warned about double top formation already on 16th November 2021. Technical analysis - daily time frame RSI continues to develop bearish structure and it is due to perform crossover into the bearish zone. We expect such an occurrence to be accompanied by heavy selling pressure. MACD and Stochastic are also bearish. Additionally, DM+ and DM- are bearish too. ADX suggests that the bearish trend keeps strengthening. Overall, technical analysis on the daily time frame is very bearish and supports our bearish stance. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bearish. DM+ and DM- show the same conditions as they performed bearish crossover recently. ADX remains low. Support and resistance Major resistance remains at 69 000 USD. Major support level is at 28 600 USD. Short-term resistance is at 48 834 USD, then Resistance 1 is at 52 956 USD. Resistance 2 is at 59 564 USD. Resistance 3 is then at 64 895 USD. Support 1 is at 42 900 USD and Support 2 is at 39 573 USD. Our recent popular idea from 16th November 2021: Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
26
Technical analysis update: BTCUSD (26th November 2021)Today BTCUSD reached 55 000 USD in tandem with our expectations expressed in the previous 2 posts. Currently, it trades around 54 600 USD per coin. We continue to be bearish on Bitcoin as technical analysis continues to support this thesis. We think current weakness in the global markets will be persistent in the short-term. Additionally, we think that this weakness will be contagious to cryptocurrency markets and it will create headwinds for further rise in cryptocurrencies (in the short-term horizon). We think BTCUSD will continue lower and we expect it to test short-term support at 52 956 USD in the following days. Our recent popular post from 16th November 2021: Here we started to speculate about possible double top formation. We also expressed that volume was declining while price continued to climb higher. We noted that this pointed to evaporation of buyers at higher levels of prices. In our opinion, this foreshadowed subsequent drop in price (combined with other warning signs). Technical analysis - daily time frame RSI, MACD and Stochastic continue to evolve their bearish structure. DM+ and DM- show also bearish conditions. ADX exhibits growth which suggests that the bearish trend is strengthening. In general, a bearish time frame is extremely bearish. Technical analysis - weekly time frame Divergence in RSI is clearly observable. This is a very bearish development. MACD is in the bullish area, however, it is flattening (and reversing to the downside). Similarly, Stochastic also started to point into bearish direction. ADX is very low which suggests the bullish trend of higher degree has lost its steam already. Overall, the weekly time frame is bearish. Divergence in RSI on weekly time frame: Divergence in MACD on weekly time frame: Technical note Synchronization in the bearish conditions between daily and weekly time frames suggests mounting trouble ahead for BTCUSD. We think BTCUSD is headed way lower and it will drag the rest of cryptocurrencies with it. We think investors should be very cautious in the following weeks. Fundamental note Hawkish narrative by the FED, additionally, supports bearish views for the cryptocurrency market. We think that decrease in quantitative easing combined with increase in interest rates will be detrimental to cryptocurrencies as purchasing power of the dollar will be rising. Further, we think prevailing irrationallity in the cryptocurrency markets (especially among lay and retail traders) combined with calls for extremely high prices such as BTC at 200k USD, 500k USD, etc., only shows how inflated this market is (at the moment). Support and resistance Major resistance level sits at all time high of 69 000 USD. Below that is Resistance 2 which sits at 64 895 USD (previous top). Resistance 1 appears even lower at 59 603 USD. Short-term support is at 52 956 USD. Then below that is Support 1 at 48 834 USD and Support 2 at 39 573 USD. Major support level lies at 28 600 USD (2021 low). DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
8
TLMUSDT: Triangle - Long 🔥 1st Target 0.59 !After building a correction move as shown in the last analisys, TLM formed a strong triangle pattern in H4 time frime. The 1st measured target in the chart will be at 0,59. The overall goal for TLM at 0,87 is fully on track - we are trading on a bullish trend as well as the game "Alien Worlds" itself provides new attrative features, which will push the price up further. GENERAL INFORMATION: . TLM is currently used in the game "Alien Worlds", and since a few weeks, they offered more profitable missions for their space ships. TLM is needed to proceed those missions. Expect a further demand for TLM in the next days and weeks, since it is used on those missions for staking with really good percentage rates. A further upmove from here is expected. 0,87 is considered the last significant high, which can be tested on that trend. You can follow me if you like, and I will post a new chart tomorrow for further technical insights. Best regards IMPORTANT NOTE: If you are on a short-term trading plan, please set your STOP LOSS BELOW the triangle pattern. Around 0,37 on H4 candle close is recommended. On the other hand, As a long-term TLM investor, you can just buy and hold until your target is reached (time frame: months). FOLLOW ME here on Tradingview if you like, sinceI will post a new TLMUSDT chart soon regarding further technical insights. Thanks and have a great day.
Long
by Churro17
2
BitcoinHello and a warm welcome to this analysis on BTCUSDT On daily time frame we can see 5 waves down - Wave A from APRIL 2021 to JULY 2021 followed by Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B then another Minute impulse down - Wave 1 of C currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000. The view would be invalid if it prints a new high. Short on rallies accordingly.
Short
by Dinesh_C_Nagpal
19
CRO CAN MAKE NEW CUP Hello my friends, today I want talk with you about as you see guys market was bullish from 4 in this month until 24 SAME month and then Price fell to this 0.63775935 and trying break it .So far MARKET testing support In my opinion not have chance to break it We will have good signal to but it after that pull back As a target we can take next resistance 1 (0.80600122) and resistance 2 (1.0012646) This is article not financial advice, always do your own research. If you have any questions, you can write it in comments below and I will answer them. And please dont forget to support this idea with your like and comment, thank you.
COINBASE:CROUSDLong
by ZAKNOGO
Technical analysis update: BTCUSD (16th November 2021)BTCUSD continues to move sideways within rectangle formation as bullish trend is losing momentum and becoming neutral. Bitcoin currently trades around 60 900 USD pricetag; and we are currently bearish on BTC as technical analysis on daily time frame supports this thesis. We expect eventual breakout below the neutral zone. Additionally, we expect such occurence to be accompanied by further selling pressure and possible beginning of bearish trend. If bearish breakout occurs then we expect price to test 55 000 USD. Volume decreases as BTC continues to move sideways - which suggests that new buyers are increrasingly harder to find. Technical analysis - daily time frame MACD, Stochastic and RSI are all bearish. ADX contains low value which suggests neutral trend. However, we expect bearish breakout from neutral zone and resumption of selling pressure. Technical analysis - weekly time frame RSI is just slightly below overbought zone and it manifests sideways movement. Inability to pierce through 70 points might suggests that bullish trend peaked already. However, MACD and Stochastic still remain bullish. ADX suggests very weak trend which coincides with daily time frame. We would like to note it is possible that double top is forming in BTCUSD. Because of that we think investors should be very cautious. Support and resistance Major resistance sits at 69 000 USD. Resistance 1 lies at 64 895 USD while Support 1 lies at 59 603 USD. Support 2 sits at 52 956 USD and Support 3 appears at 42 900 USD. Then Support 4 sits at 39 573 USD. Major support level can be found at 28 600 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Editors' picks
BITSTAMP:BTCUSDShort
by Tradersweekly
98
Technical analysis update: BTCUSD (22nd November 2021)Last week we correctly predicted bearish breakout below the neutral zone. We also noted that we expected retest of 55 000 USD price level (BTCUSD stopped its decline at 55 640 USD). Since then price action continued to be choppy. We think it is possible for BTCUSD to retest 55 000 USD price level again in the following days. Technical analysis supports this view as technical indicators point to bearish conditions in the market. We recently pointed out possible double top being formed: Recent developments seem to confirm this development. However, we would be forced to change our stance if price retraced back into neutral zone depicted on the main chart. We also pointed out (several times over past two months) decreasing volume in BTCUSD while price was climbing higher: We noted that new buyers were increasingly harder to find. After that, drop in price followed. Technical analysis - daily time frame Daily time frame shows bearish developments. RSI is bearish and same applies to MACD and Stochastic. Indeed, MACD is performing bearish crossover which we expect to be accompanied by further selling pressure. However, ADX contains low value which suggests that current trend is either neutral or very weak (this coincides with ADX on weekly time frame). Because of that we expect price to move sideways for little longer before finally going lower. Technical analysis - weekly time frame RSI failed to perform bullish crossover and instead it reversed to downside. ADX continues to decline which suggests that bullish trend of higher degree has most likely peaked and trend is becoming neutral. MACD remains in bullish territory, however, it started to flatten little bit. Stochastic also remains in bullish area. Although, it already performed bearish crossover. In general, weekly time frame flashes warning signs for BTCUSD as it suggests previous bullish trend is becoming neutral. RSI's failure to penetrate 70 points into bullish territory on weekly time frame: Support and resistance Major support level sits at 28 600 USD. Major resistance level lies at 69 000 USD. Support 1 appears at 52 956 USD. Support 2 lies at 48 834 USD. Support 3 is at 42 900 USD and then Support 4 is at 39 573 USD. Resistance 1 lies at 59 603 USD while Resistance 2 sits at 64 895 USD. Psychologically important price levels From psychological standpoint there are few other price levels that are important. These are respectively: 70 000 USD, 60 000 USD, 55 000 USD and 50 000 USD. Our previous idea from 16th November 2021 Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
6
ADAUSDT TECHNICAL ANALYSIS 12112021What is Divergence? Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. There is positive and negative divergence. Positive divergence indicates a move higher in the price of the asset is possible. Negative divergence signals that a move lower in the asset is possible. from investopedia No investment advice...
Long
by volkancetin
3
$MQ the future of finance*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* For the last couple of weeks my team has been analyzing digital finance company Marqeta $MQ. $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform. On August 11, 2021 $MQ released its earnings for the second quarter ending June 30, 2021. In this earnings report $MQ showed a 76% percent jump in net revenue driven by customer growth. $MQ also reported a net revenue of $122 million. $MQ however responded to this earnings beat by downtrading for the next couple of weeks. Before this report was released we must acknowledge the fact that $MQ was trading in an uptrend prior to the actual report. Many traders believe that stocks up-trending days/weeks into earnings are more likely to experience profit-taking unless the report is extraordinarily good. $MQ has however been downtrading since October 27, 2021 after reaching a new all-time high of $37.82. Earnings for the 3rd quarter ending September 30, 2021 will be announced on November 10, 2021 post-market. $MQ is projecting a net revenue of $114 - $119 million. My team believes that this is a rather conservative projection. You never know how the market will respond to good news or bad news. My team will look for further buying opportunities if $MQ falls post-earnings...this is a long term trade. Lets get it! My team entered $MQ today at $26.5 per share and have set our first take profit to $30. FIRST ENTRY: $26.5 TAKE PROFIT 1: $30 TAKE PROFIT 2: $33.5 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MQLong
by SimplyShowMeTheMoney
ETHUSDT TECHNICAL ANALYSIS 08112021Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level. from investopedia NO INVESTMENT ADVICE.
Short
by volkancetin
5
Technical analysis update: BTCUSD (27th October 2021)In our last idea on BTCUSD we pointed out that Bitcoin was very overvalued in short-term and due to correct. We layed out two possible scenarios for BTC. In first scenario we expected BTCUSD to correct and then resume bullish trend. In second scenario we expected BTCUSD to reverse bullish trend through double top formation. Now we are inclined towards second scenario as another important support level around 60 000 USD was broken. We also showed interesting trade setup which is displayed below: Now it is clear that BTCUSD dropped below previous short-term support; and now it remains in bearish territory. Technical analysis supports bearish thesis for BTCUSD as many indicators turned bearish. Because of that we would like to set new short-term price target to 55 000 USD. Technical analysis RSI performed crossover below 70 points which was accompanied by selling pressure as we predicted. RSI turned bearish. MACD and Stochastic are also bearish. In addition to that, DM+ and DM- is due to bullish crossover. We are currently bearish on Bitcoin. Support and resistance Major resistance sits at recent all time high of 67 016.50 USD. Another important resistance (Resistance 2) sits at 64 895.22 USD. Resistance 1 lies at 59 603 USD. Support 1 lies at 52 956 USD and Support 2 at 42 900 USD. Support 3 appears at 43 643.34 USD while major support sits at 28 600 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
4