BTC: MORE DROP INCOMING??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is still not stopping and dropping continuously.
According to the weekly chart, every time BTC breaks below 100MA it is going to test the 200MA. Last two times in 2018 and 2020 BTC breaks below 100MA and both the time we got the reversal after hitting the 200MA so we can expect the same this time also. This time 200MA is around $21k so that might be our bottom.
Also, if you look into RSI then you see in 2018 RSI is goes near to the 30 level so when this time RSI goes around 30 we get out bottom and after that there is only up season.
Do not take much stress now we will overcome from this crash. Once market gets stable we will earn a lot again. Just don't give up. Stay in the game and you will make it again surely.
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LUNA: GREATEST RUGPULL OF 2022! BEST BUYING ZONE??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this LUNA/USDT update. LUNA is dumping very hard. Almost 100% dump in few days. It is a biggest rug pull of 2022. Many people asking is it a good time to buy LUNA. So here's is my take on this.
According to the TA, we have a strong support zone at $4-$6 for LUNA. Here I don't see any support and it is continuously falling. As of now I would recommend to stay away from it. When it reached to our support zone and if taking a good support there then I'm buying a bag on spot. Till then I'm out of it.
Entry zone:- $4-$6
SL:- If any weekly candle closes below $4 then exit.
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BTC: SHORT TERM PLAN!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is bouncing off nicely from the $30k level so far and holding above $31k very well.
BTC is forming a descending channel like pattern in the 4hr time frame where breakout of this channel is still pending. Once BTC breaks this channel we can expect a good bounce. BTC has a resistance at $37.5k so in the short term we might see a pump up to $37.5k after breaking out from the channel.
For successfully playing out this scenario BTC needs to stay above $30k. If any 4hr candle close below $30k will invalidate this pattern.
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BTC: BOTTOM IS IN OR MORE DUMP AHEAD?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. I know it is a very tough time for each of us but remember these tough times are always a big buying opportunity also. First of all, do not panic still we hold an important level of support.
Let's get to the charts first.
BTC is reaching the lower trendline of the parallel channel which is formed in the weekly time frame. BTC holds this channel since the starting of 2021. Every time price came to lower support we have seen a very good bounce in it. I'm expecting the same this time.
Although, we might see some wicks below the channel the important thing to watch out for is the next weekly closing. If next week closes below the channel ($30k) then our next main support level is at $19k.
Right now this is the best time to buy BTC and some good Altcoins because the risk is very low here but don't buy with leverage. Buy only on spot. And if the weekly close is below $30k then I'm exiting the market and focusing only on short positions.
What do you think about this?
Do you think we get a bounce from here or do you think that it's over for the bulls?
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GOLDEN RULES FOR LONG TERM TRADING!!Hello everyone, this is my first educational post for my community. Hope you guys like it and learn from it.
I saw many and many peoples from the past several years who starts their crypto journey full of enthusiasm and motivation but after some time they left. Only a few percent of people survive in this industry in a long run and that few peoples earn a hell lot of money. So you also wanna be in that few people? If yes, then this article is surely for you. Today I'm sharing with you guys some basics but very important rules of trading if you want to stay in the game for a long run.
1) TRADING CAPITAL
# Don't borrow money to trade from your friends or relatives.
# Save from your salary/job to build your capital.
# Big enough to hurt if you lose but not ruin your life.
2) SLOW DOWN WHEN YOU TRADE A LOT
# Enter only if the trade was planned in all details.
# It's necessary to stop or slow down sometimes. When your inner voice is telling you that it's done for a day then simply shut down your system and stay aside for a while.
3) INVALIDATION POINT
# Know when to exit and exit without having a second thought when invalidation hits.
# Trading without invalidation is gambling. Cut losses. Move on.
4) CHANGE YOUR BIAS EASILY
# You want to be rich, not right. You are here to make money.
# Change your opinions as to the market change, be fluid.
5) LEVERAGE CAN BE YOUR FRIEND OR ENEMY BOTH, CHOOSE WISELY
# Use leverage very wisely. It is the best weapon to grow small portfolios into larger portfolios meanwhile it's full of risk though.
# If you think you become a millionaire in a day by using high leverage then no one can save you from getting rekt.
6) NEVER SUPPORT OR FIGHT FOR A COIN
# You are here to make money. Forget everything else.
# Buy what makes money. Don't become a community member of any project.
# You are here to get rich, not for activism.
7) ALWAYS TAKE PROFITS PARTIALLY
# Don't have a fixed target, always take profits partially.
These are some basic but very important rules to survive in a trading career in the long run. Use risk management as your tool to survive and hard work will bring the profits. Survive for long enough and you'll be a master.
If you like this article and if you think by applying these rules we can be the master of trading then hit the like button.
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BTC QUICK UPDATE! MIGHT SEE $38K SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is trading inside descending channel in a 10hr time frame. In this channel, we see that BTC is forming Higher lows and lower lows. So from here, we might test a new LL which is around $35k.
After hitting that new LL we might see a relief rally which will take us to $38k. If daily close above $38k then we again see a bullish rally otherwise there is a high chance that we reject from $38k. Let's see how it goes.
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BTC: BEAR TRAP??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC analysis. BTC did a nasty sell-off and dumped hard. I'm expecting a bounce from $37k but it didn't happen that's why my previous chart is invalidated.
Now, BTC breaks below the bear flag in the daily time frame. So if this pattern going to be played out perfectly then we have seen a 50% more drop from here according to this pattern.
But as you know the market is not going according to chart patterns these days. Recently we have seen a clear breakout of the falling wedge and what happens after that you all know.
So I'm expecting here that Market makers trap everyone in this range and a sudden pump comes anytime soon.
Invalidation level:- If BTC daily closes below $32,800 then this analysis becomes invalidated.
What do you think about this?
Do you also think this is a bear trap or do you think that we are heading towards $20k?
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BTC: FAKEOUT! NOW THE REAL PUMP STARTS!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update. First of all, do not panic. We are still safe.
BTC did a nice fakeout to liquidate some high-leverage traders. It again get back in the falling wedge and did a nice fake-out. As of now holding the lower trendline of the wedge very well so far. Expecting an upward movement from here soon.
Still, we have to wait for the daily close for more confirmation.
Invalidation level:- If the daily close is below $37k then the bullish scenario will get invalidated.
What do you think about this?
Do you think the bullish rally will be over or it is about to start?
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BTC: FOMC IMPACT ON THE PRICE OF BTC!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this exclusive BTC analysis. FOMC has had a huge impact on the price of BTC since the start of 2022. Here's my view on how can it be affected this time.
This event has the potential to change the course of risk markets (#BTC etc.) from bear to bull or to cause a capitulation event in risk, depending on the outcome.
In the previous two meetings, the FED hiked its rates and that would bring a positive outcome for BTC. The March 16 FOMC meeting marked a local bottom for BTC and after the announcement, we have seen a relief rally. The market is currently in a similar environment to the one created during the lead-up to the March FOMC meeting.
Markets are at critical levels, being ultimate support. US Dollar index, USDT Dominance is at important levels of resistance and BTC is at an important level of support from here we can expect a relief rally soon.
After the last two meetings, the BTC price shows a 20-25% bounce so if the same thing happens this time we might see a relief rally up to $45k-$48k in the next two weeks.
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RUNE/USDT TRADE SETUP! BULL FLAG!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this RUNE/USDT TRADE setup. RUNE looks good here.
RUNE is forming a bull flag-like structure where the breakout is still pending. It has an important support level of $6.6-$6.9. Expecting a pump from there.
Buy some now and add more in the range of $6.6-$6.9
Entry range:- $6.6-$7.2
Target:- 100%
SL:- $6.10
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ETH: RETEST IS IN PROGRESS AFTER THE BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH/USDT update.
ETH is breaking out from the falling wedge pattern and currently going for a retest. After this successful retest, it is ready to pump.
As you know Altcoins also depend on ETH so while ETH is retesting so many altcoins also retest and that will be the best opportunity to grab some.
You can also long some ETH in the range of $2800-$2880 with low leverage and with the SL at $2650
Sharing some Altcoins setups when this retest is complete.
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VET/USDT TRADE SETUP! BULL FLAG BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this VET/USDT TRADE setup. VET looks good here for a good upside potential rally.
VET is breaking out from the bull flag-like structure in the 8hr time frame. Expecting a 90-100% move to the upside here. Buy some now and add more in the dip.
Entry range:- $0.050-$0.054
Target1:- $0.062
Target2:- $0.074
Target4:- $0.084
Target4:- $0.096
SL:- $0.044
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ZIL/USDT TRADE SETUP! BOUNCING AFTER THE PERFECT RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ZIL/USDT TRADE setup. ZIL looks good here for a good upside potential rally.
ZIL had done a more than 70% correction after the recent pump. That whole correction is just a retest after the breaking out from the big falling wedge in 2day's time frame. Now after this successful retest it is again ready to pump.
Buy some now and add more in the dip.
Entry range:- $0.07-0.08
Target:- 250-300%
SL:- $0.062
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USDT.D BREAK DOWN! BULLISH FOR BTC AND ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
USDT Dominance is breaking down from the rising wedge-like structure. Looks like it is ready to fall from here.
As you know USDT Dominance is inversely proportional to the BTC. So if USDT.D falls so we can expect a rise in the price of BTC.
I'm expecting a good positive rally in the market for the next two weeks. BTC chart (Posted earlier) also indicates the same thing. If you did not read that update then check it out (Link given below).
What do you think about this?
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IMX/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this IMX/USDT TRADE setup. IMX looks good here.
IMX is breaking out from the broadening wedge pattern and a retest is also done. Expecting a 25-30% move to the upside. Long now and add more in the dip.
Entry range :- $1.54-$1.62
Target1:- $1.68
Target2:- $1.76
Target3:- $1.84
Target4:- $2.0
SL:- $1.46
Use low leverage (4x-6x)
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IS THIS THE RIGHT TIME TO LONG ALTS? ALTCOIN INDEX UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALTPERP INDEX update.
ALTPERP INDEX is at an important level of support. We have seen a bounce from this area multiple times. So If we go for some long positions here then the risk is very low and reward is high.
Also, Altperp is trading inside a falling wedge-like structure. If we break this wedge then we can expect a good pump in Altcoins. The same falling wedge-like structure formed previously and after the breakout, we have seen a 25% move to the upside. So I'm expecting the same this time also.
Do not long anything at CMP (Current market price). I'm still expecting the last drop in BTC and Alts. We might have some wicks below the support zone so that would be the perfect area to pick some long position.
Invalidation Level:- Any daily candle closes below 2950
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ETH: WAIT FOR BREAK THIS BEFORE PRESSING LONG OR SHORT BUTTON!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH/USDT update.
ETH is bouncing nicely from the lower trendline of the wedge. Now it is moving towards the breakout point. If ETH breaks and close above this wedge then we see some good movement in ETH and Altcoins.
If it again rejects from the wedge breakout point then we might see another lower low.
So it's better to wait for some confirmation to enter in any trade setup.
We will be posting some Long or Short trade setup after we got the confirmation.
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BTC: STILL INSIDE THE FALLING WEDGE! WAITING FOR A BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USDT 4hr update. In my previous BTC update I clearly told you that if BTC does not break the falling wedge then we can see $37.8k soon (Link given below do check it out).
BTC made a new recent low of around $37,400. Currently, it is once again reached the lower trendline of the wedge and bouncing from there. Also, RSI is printing a bullish divergence.
Let's see in this bounce we will be able to break this falling wedge or not?
Break this falling wedge will bring a new positive rally towards $44k-$45k in the market.
Invalidation level:- Close below $36.8k
What do you think about this?
Do you think we will see a good bounce from here or do you think that we see more dump?
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USDT.D UPDATE! ONCE AGAIN ON DECISIVE MODE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update.
USDT Dominance once again looks scary here. Break and close above this channel will bring more dump in the market.
USDT.D forming a bullish rectangle pattern in the daily time frame. If we break and close above this rectangle pattern then we see more dump in the market. Still we have few hours left for the weekly close.
Let's see will it break this time or we see another rejection from the resistance.
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LOOKS/USDT TRADE SETUP! 400% PROFIT EXPECTED!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this LOOKS/USDT TRADE setup. LOOKSRARE is an NFT market place which is far better in comparison to the Open sea.
LOOKS is forming a symmetrical triangle pattern in a 10hr time frame. Currently, it is hovering near the lower trendline of the triangle. Bounce is expected from there. Once it breaks the triangle then a real rally begins.
If it breaks below the triangle then we will close in little loss. So overall it's a low-risk and high reward trade setup.
Entry range:- $1.4-$1.5
Target1:- $1.92
Target2:- $2.92
Target3:- $4.20
Target4:- $7.0
SL:- $1.26
Soon expecting it to be listed on BInance.
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WABI/BTC REQUESTED CHART UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this WABI/BTC TRADE setup. WABI is on the very important support. Either it make it from here or break it.
WABI is forming a bull flag like structure in the weekly time frame. But still it is not break the flag. Currently, it is at a very important support level. Buying here will be very low risky and high rewardable.
Entry range:- 200-222 sats
Target:- 400-500%
SL:- If any weekly candle closes below 200 sats then I'll exit.
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BTC BULLISH RALLY MIGHT START FROM NEXT WEEK! HERE'S WHY??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this important BTC and Dollar index comparison. Dollar index is inversely proportional to the BTC.
We might see a bullish rally in BTC from next week. Here's the reason.
As you see in the chart of DXY, it is reaching its major resistance level which is at around 103 level. Previously two times we saw the rejection in the Dollar index exactly at this same level.
While the Dollar index gets rejected a new bullish rally starts in BTC. So if we get the rejection from the same level this time also then we witness another bull run of BTC.
Invalidation level:- If DXY breaks and closes above the 103 level (Any weekly candle) then this chart becomes invalid.
Let's hope that we got the rejection this time also and we see a new bull run of BTC.
What do you think about this?
Do you think DXY gets rejected from the resistance and we see a bull run or do you think that it breaks the resistance level this time?
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USDT.D UPDATE! A RELIEF RALLY INCOMING SOON IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update.
Why, I'm expecting a relief rally in the market? Here's the reason-
1) USDT Dominance is trading inside a channel in the 8hr time frame. Currently, it is rejecting from the upper trendline of the channel which is a good sign for the market.
2) Last two times it's got rejection from the same level so I'm expecting the same this time also.
3) It is forming a bearish divergence in RSI.
If we get the prefect rejection from here then we have an important support level at 4.30-4.44 level (BTC $44k-$48K) which is a very crucial level. If we break this support level then we expect a big pump in the market.
Let's see how this goes.
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