Cryoto
CTK Brake it or Make it momentCTKUSDT technical analysis update.
CTK currently sitting at its support zone , waiting to bounce back. This is the crucial moment for CTK, the break it or make it moment.
IMO, CTK will possible to bounce back from the current support zone, this is a good time to buy some spot and expect it to grow to $3-$5.
Still, we need to observe the situation carefully, as it might break this support level and trigger a panic sell (which is not impossible).
For spot, Buy zone: $0.71 - $0.81 ; cut loss below $0.67
For swing traders,
Long now with small volume
Stop loss: $0.69
TP 1: $0.943
TP 2: $1.074
BTC ALL TIME HISTORY INDEX BREAKOUT DOWN TREND!?Hi Crypto Nerds,
This is what i have been waiting for! The breakout of the downtrend on the BTC ALL TIME HISTORY INDEX. If you change this to the 4h timeframe you can see a clear representation of the breakout but i wanted to share with you the 1D chart to capture the entire downtrend technical analysis.
Just to confirm this breakout even more i would love to see this 1D candle close above the downtrend line. Not saying that we aren't in the bull season yet, i believe we still have some downside to go but i see levels of 28 - 29.5k mark before retracing back lower.
Peace out nerds,
Activeaus
Bitcoin, Ethereum Technical Analysis: Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Recent Declines During Saturday’s Session ;
This week’s sell-off in cryptocurrency markets worsened on Saturday, with bitcoin falling below $21,000 for the first time in nearly a month. Ethereum also continued its descent in today’s session, as the price of the token dropped under the $1,700 level to start the weekend.
Bitcoin Update !!
Bitcoin (BTC) continued to reside in the red to start the weekend, as prices of the world’s largest cryptocurrency fell below $22,000.
Saturday saw BTC/USD fall to an intraday low of $20,868.85, with the token edging closer to a key support level.
This floor has been at the $20,800 point, which was the last hit on July 16, when prices were trading below $20,500.
As a result of these declines, the 14-day relative strength index (RSI) dropped to a low of 32.97, which is its lowest point since July 12.
Bitcoin prices have since rebounded, and as of writing are back above $21,000. BTC is currently trading at $21,191.27.
Taking a closer look at the chart, it can be seen that the 10-day (red) moving average (MA), is nearing a downward cross with the 25-day (blue) MA.
Should this trend continue, this could signal further declines, with BTC likely falling below $20,000.
Ethereum Update !!
After a strong start to the week, Ethereum (ETH) has begun the weekend trading over $400 away from Monday’s peak above $2,000.
ETH/USD, which dropped to a bottom of $1,695.15 on Friday, fell even lower in today’s session, hitting a low of $1,611.34.
This is the lowest level Ethereum has traded at in the last sixteen days, after falling below the $1,600 level on August 4.
Honing in on the chart, it appears as if ETH bears are attempting to take prices towards a support point of $1,565.
However, bulls have so far resisted this possibility, pushing back from earlier lows, with the token currently trading at $1,636.11.
The rebound came as the RSI hit a floor of 43.00, and as of writing, RSI is tracking at 44.90. Should this head back towards 50, we may see the token rise back above $1,700.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
KEY LEVEL FOR BTC Hello friends
As you can see, in the daily time frame, we have hit the resistance line of the descending channel, and the bulls and bears have been fighting in this area for three days. The future of the market depends on how Bitcoin reacts to this line. I saw that in some analysis it is mentioned that USDT.D has come below the 100 day resistance in the weekly time frame and if it stabilizes there today, we will see Bitcoin rise. But I still do not see this as a convincing reason. I would rather see the bitcoin candles in the next two days and then make a decision.
be profitable
Short Manafirst of all, if you enjoy what you see I'd appreciate it if you hit the like button. I found this Elliott EOW2 ( End of wave 2 ) setup again. the correction part is arguable but the motive wave has been strong and the price is in the fib time zone of the motive wave. so I expect another down move. EZ.
Bitcoin: Price Still Moves Within a Bearish StructureSince early 2021, Bitcoin has been moving in an approximate range of $29000 ~ $66000. The price movement has been divided into clear bullish and bearish segments. In each segment, we can identify continuous chart patterns supporting each movement.
As we previously forecasted in our BTCUSD analysis, the price has broken its bearish flag channel and fallen to the bottom support level, reaching a new low of $27000. This is a very strong support area and we expect a period of consolidation from this level.
Currently, the price is still moving within a bearish segment. In the chart, we can see the price has formed a bearish pennant channel after a strong bearish impulse. This is a clear bearish structure; therefore, we expect at least another retest of the recent low of $27000.
For a bullish reversal to occur from the support level, we need to first see a reversal pattern being formed. Then price breaking above the pattern would suggest a possible reversal.
Check out our previous cryptocurrency trading ideas below :)
NOTHING HAS CHANGED - TRADE THE RANGE My idea on the right move to make with luna has not changed since my last analysis. Price is stucked in a range and isn't going anywhere...
So SELL at resistance and BUY at support! EASY MONEY
USDT.D Update: Crypto Market is still bearishTether dominance is moving in a parallel ascending channel with an acceptable fractal which is now indicating a bullish episode of growing dominance. As dominance goes up the whole crypto market will suffer more correction. So I expect the bearish market to continue yet until around %9 USDT.D which is the top of this main channel.
$LUNA - The Way ForwardHEAD AND SHOULDER BEARISH PATTERN SPOTTED.
What does that mean? Bearish Bearish Bearish! We may get to $50 and even lower soon to complete the setup.
But before that, we should expect and plan to catch the next short term rally to $70 possibly.
Entry would be lower time frame after confirming exhaustion.
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