BTC: BEAR FLAG! DUMP AHEAD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC is pumped very well in the last few days. It touched the $19k level. Now, what's the possible scenario from here? Let's discuss it in this analysis.
As you see in the chart, BTC is forming a bear flag in the daily time frame and currently, at the upper trendline of the flag. I'm expecting a rejection from here.
$19k is a crucial resistance level for BTC. If we get a weekly close above $19k then this flag will be invalidated and then we might see another rally up to the $22k level. But as long as BTC is inside this flag, I'm expecting a dump from here.
What do you think about this? Let me know in the comment section.
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BTC IS AT RESISTANCE! EXPECTING A CORRECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. The first week of 2023 was going fantastic, we saw a good pump in the market. If you followed my previous analysis of BTC in which I clearly mentioned that BTC will go to test the $17.3k-$17.5k level and exactly the same happened.
Now, what's next?
As you see in the chart, currently, BTC is trading in the resistance zone. $17.3k-$17.6k is a crucial resistance area. I'm expecting a rejection from here and we might see a test of $16.8k-$17k from here.
Tomorrow, CPI data will release and I'm expecting a bad CPI this time. So every pump before the CPI is just a trap IMO.
Let's see how this goes.
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TOTAL2: EXIT PUMP OR START OF A NEW ALTSEANSON??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update. When I posted this chart a few days ago, Alt M.cap was at $440B and currently, it is trading at $476B. It is going perfectly so far. We see a huge pump in the Alts. Hope you guys followed my projection and made good money.
Now, the question is is this the start of the new Altseason or this pump will fade up in the next few days? So to get the answer to this question read the whole update carefully.
As you see in the chart, Alt M.cap is forming a descending channel in the daily time frame and currently, it is trading near the upper trendline of the channel. Here we have some resistance. So IMO, it is not worth taking new positions here until we break and close above this channel with confirmation. There is no doubt in that we see some more pumps in Alts but it is not worth taking any new positions here.
If you are holding some Alts, then book profit or partial profit and wait for the dip to take new entries.
That's all from my side. What do you think about this? Let me know in the comment section.
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SOL/USDT LONG SCALP SETUP! READY FOR A PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this SOL/USDT trade update. SOLANA looks good in LTF. It breaks out from the triangle and currently retesting it. Long some now and add more in the dip.
Entry:- At CMP
Target:- $13.75
Target2:- $14.20
Target3:- $14.60
Target4:- More upside
SL:- $12.98
Lev:- 10x
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ETH IS AT RESISTANCE! EXPECTING A REJECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is forming a bear flag in 4hr, which is generally a bearish pattern. It is currently, near the upper boundary of the flag. I am expecting a rejection from here.
After the rejection, we have two supports one is at around the $1220 level and another one is at the $1190. Breaks and close below $1190 will be bad for the overall market and we might see a massive dump.
Invalidation:- If any 4hr candle breaks and closes above the flag's upper boundary ($1250), then this bearish scenario will invalidate.
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TOTAL2: ALTS RELIEF BOUNCE INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update. As 2022 is ending and this year might be not good for us but hope 2023 will be the best year for everyone and you guys make a lot of money this year.
According to the chart, Total2 is an important support level and currently holds this support very well. We can expect a bounce from here. It means we see some relief rally in Alts in the first two weeks of 2023. Rsis also shows bullish divergence.
Invalidation level:- Daily close below $430B
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Wish you a very happy new year everyone. Hope this year brings lots of joy and happiness in your life.
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BTC: NEXT POSSIBLE MOVE FOR FIRST TWO WEEKS OF 2023....Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC is going down slowly as I told you in my previous BTC update.
BTC made a low of $16333 and I'm still expecting it to hit the $16.2k level. After hitting the $16k-$16.2k level, I'm expecting a good relief bounce up to the $17.5k level in the first two weeks of January.
Invalidation:- Daily close below $16k will invalidate this chart.
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ETH NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is forming a bearish flag pattern in the 4hf time frame and currently, it is testing the middle line of the flag. I'm expecting a rejection from here and the price might go to test the lower line of the flag. Here we have strong support also.
After hitting the lower line, we can expect a bounce up to the $1230-$1250 range. I'm setting my long bids at the $1150-$1170 range with the tight SL. Let's see how this goes.
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BTC QUICK UPDATE! NEXT POSSIBLE MOVE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is still struggling to break the $17k resistance level and is currently trading around $16.8k. Price has been stuck in this range for the last few days because of Christmas. Now we might see some volatile move but the question is in which direction? Let us try to find this in this analysis.
According to the chart, BTC is forming an ascending triangle in a 4hr time frame and currently rejecting from the triangle's upper trendline. IMO, BTC breaks down this triangle and the price might hit the $16.2k-$16.4k level before any upward move. After hitting the $16.2k level, if the price holds there then we resume the uptrend.
Invalidation Level:- Any 4hr candle close above $17k
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BNB: DO OR DIE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB update. As you know recently we have seen many FUD against Binance. No one knows whether these fud are true or not but we trying to understand the situation by reading the chart.
BNB is currently trading around the $245 level. It is trading inside a descending triangle in the weekly time frame. It has very strong weekly support at the $210 level. If BNB breaks and closes below the $210 level then I didn't see any good support until $40 in this weekly chart.
So is it possible that BNB goes in two digits? Don't know yet but nothing is impossible in crypto. We have to see many unlikely events this year like FTX, 3AC, LUNA, and many more. So that's why anything is possible. All we can do is stay alert and preserve our capital.
Until BNB holds above the $210 level it is safe and it's a good buying zone with a little SL of below $200
Let's see how next year will come to us. Hope for the best.
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BTC: WILL MANAGE TO HOLD THIS LEGENDARY SUPPORT LINE??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important weekly BTC update.
As 2022 is about to end, If you still manage to survive in this bear market and read this update then congrats you almost make it, and soon this bear market pain will be over.
We have been in a bear market for more than one year. And the biggest question of this year is "WHERE IS THE BOTTOM OF THIS BEAR MARKET?" So in this analysis, I'm trying to give you some hints and my thoughts regarding this.
As you see in the chart, we have a very crucial support line at around the $15k level. BTC manage to hold this trend line for the last 5 years. Every time price touched this trendline, we got a very good bounce. So there is a very high chance that history repeats this time also.
In the worst case, if we got any weekly close below $15k then be ready for a $10k-12k level but as long as we hold this legendary trendline support bottom is here.
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BTC: FORMING BEAR FLAG IN LTF!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is not looking good in LTF. It is forming a bear flag in 1hr time frame which is a bearish pattern. Price is still inside the flag. Once it breaks down the flag we got more confirmation of a downside move. If BTC breaks down this bear flag then the possible target is $15.8k-$16k
Invalidation:- Any hourly candle close above $17k
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BTC DOM UPDATE! ALTS MIGHT DUMP 40-50% FROM HERE IF??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Bitcoin Dominance update. BTC Dominance is inversely correlated with Alts. When dominance pumps, Alts dump, and when dominance dump, Alts pump.
According to the weekly chart of BTC Dom, it is forming a descending triangle here and currently trading near the above trendline. If it breaks out from this triangle then it will be very bad for Altcoins. Meanwhile, rejection from here will give some relief rally in the Alts.
For more confirmation, we have to wait for another weekly close. Let's see how this goes. I'll keep updating you.
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BTC: WEEKEND PUMP? NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened.
So what's next?
As of now, BTC holding the green support area ($16.5k-$16.8k) and we might see a bearish retest from here. According to the chart, BTC should bounce from here up to $17.2k-$17.3k level and after that again starts dumping.
So as of now I'm expecting a relief bounce in shorter time frame. In HTF, BTC still looks bad. Until and unless we did not get a weekly close above $18.5k thing not going good for us.
Let's see how things goes in the next few hours.
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BNB SHORT SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB/USDT trade update.
BNB is not looking good here. Breaks down the descending triangle. Also, retest is done and now ready to fall. Open a small short position here and add more to the upside.
Entry range:- $261-$264
Target1:- $254
Target2:- $240
Target3:- $226
Target4:- $216
SL;- $274
Use low leverage (5x-10x)
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ETH QUICK UPDATE! LOOKS BEARISH!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is not looking good here. Forming a rising wedge in 6hr time frame which is a bearish pattern. ETH breaks down this rising wedge and currently retesting. After this retest, we might see more drop in ETH. Important support for ETH is at the $1220-$1230 level. Let's see how price reacts there.
Invalidation Level:- Breaks above $1300 will invalidate this rising wedge pattern.
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BTC QUICK UPDATE!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
After the bearish CPI data, BTC bounced nicely and touched the $18k level. Currently, it is in the resistance zone. I am expecting a retracement from here.
Expecting it to touch the $16.8k-$17k level from here where the lower trendline of the triangle lies. Today is another important event which is FOMC. So we might see some more volatile moves.
Invalidation:- Any 4hr candle close above $18.2k will invalidate this scenario.
Let's see how FOMC impacts the price today. I'll keep updating you.
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ETH: BIG MOVE SOON!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is trading inside an ascending triangle and the triangle is getting squeezed so we see a big move soon. Now the question is what's the direction of this big move (Upside or Downside)?
As of now, ETH is still trading inside the triangle so we have to for a breakout or breakdown for a clear direction of this move. If It breaks out the triangle then we might see ETH at $1500-$1600 and if it breaks down the triangle then we see another retest of $1000
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BTC: POSSIBLE SCENARIO! POWER OF 3!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update.
What is PO3 and how it works?
The primary purpose of the PO3 is for smart money to build positions and engineer liquidity. Smart money unlike us needs a more complex method of entering classes in the market while retail(us) is able to enter positions as long as the order book allows it. Trading is a 0-sum game, inorder to accumulate a long position there needs to be a seller to provide it and vice versa.
PO3 works mainly in three parts:
1) Accumulation
2) Manipulation
3) Expansion
Currently, BTC is in an accumulation zone. The accumulation range is $15.8k-$17.5k level. Once it breaks above the accumulation zone, we enter into the manipulation zone.
We have a big resistance is at the $18k-$19k level. Expecting a rejection from that level and then we enter into the expansion zone.
Invalidaion:- Close above $19k level
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LTC/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this LTC/USDT trade update.
LTC looks good here. Breaks out from the symmetrical triangle in LTF. Expecting a 15-20% pump from here.
Entry range:- $76-$77
Target1:- $80
Target2:- $84
Target3:- $88
Target4:- $94
SL:- $73.4
Leverage:- 5x-10x
Long some now and add more in the dip.
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BE READY FOR CHRISTMAS RALLY! BUY THE DIP!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Total M.cap update.
Total M.cap looks good here. Breaks out from the descending channel. Expecting a retest from here and that retest will be a good buying opportunity.
I'm expecting a good rally in the crypto market before Christmas. Most people are still expecting new lows of BTC but IMO first we might see a short-term rally in the market from here. Expecting BTC to go $19k-$20k from here.
Invalidation:- Any 4hr candle close below $770B
What do you think about this?
Do you also think that we might see a good bullish rally in the month of December or do you think this is just a trap?
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BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level.
Why does BTC go to $18k from here?
* BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle.
* Producing a bullish divergence in RSI in a 4hr time frame.
* $15.8k$16k is a very important area to hold.
* Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible.
Invalidation:- 4hr close below $15.8k level
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BNB/USDT: LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB trade update.
BNB looks bullish here. Forming a falling wedge-like structure in 4hr time and bouncing from there. RSI also shows bullish divergence. Long here.
TP1:- $274
TP2:- $288
TP3:- $306
TP4:- $324
SL:- $248
Leverage:- 5x-10x (According to your risk appetite)
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