#BTC/USD BULL and BEAR Scenario+ SAFE EXIT PLAN.It’s Subscribers like you that make my IDEAS awesome. Thank you very much for your unwavering attention and support so far. Cheers! and welcome to this new update.
6 hours back I updated my last idea that we will touch 9900 soon AND WE DID EXACTLY HIT 9900.
WHAT NEXT?
FIRSTLY UNDERSTAND THE CURRENT MARKET SENTIMENT:
A week back people were bearish and no one wanted to long when BTC hit the 8100 area and BTC pumped and started trading under the rising channel. That move ended up being a wick in HTF.
Now people are bullish and I must say very bullish. This is the concern.
SO WE MAY SEE AN IMPULSIVE MOVE TO THE UPSIDE AND THEN A BIG CORRECTION.
Currently BTC is trading under an ascending triangle which is due for a breakout. As per chart the breakout should happen within the next two days and 8 hours.
If it breaks to the downside $9185 is the SL for longs or getting our of the market. And If it breaks to the upside we will follow the following strategy:
MY STRATEGY FOR BITCOIN:
I will try to lower my exposure from BTC within the area $9900 to $11680.
THE SAFEST EXIT IN MY OPINION WOULD BE within $10400.
(Not a financial advise)
IMPORTANT LEVELS HAVE BEEN PLOTTED IN THE CHART ITSELF PLEASE OBSERVE AND LEAVE YOUR FEEDBACK.
ALTCOIN STRATEGY :
Because of this MOVE in BTC many altcoins will have negative rallies which will eventually result in producing new buying opportunities.
That's is the time when we must consider entering alts by following proper TA FA and Keeping an eye on Dominance charts/alt mcap
I will be posting all the charts here on tradingview.
So please LIKE THIS POST AND FOLLOW ME FOR MORE DAILY UPDATES and FREE EDUCATIONAL CONTENTS.
I will end this update with. this note - Never be too greedy, take profits when they show up. BTC is due for a correction its just about finding the top which now one knows so we try to exit safely and buy back lower by being patient.
THANKS for your unmatchable support.
Stay Safe
#PEACE
Cryptorphic
#BTC/USD Cup & Handle to 10680 or 8400? Mixed signals ExplainedThanks for coming by to this update.
BTC followed our last 3 charts perfectly.
In the current scenario it's important to know the possible outcomes and be ready for the upcoming moves.
BTC has been trading under a rising wedge since march 12 which is bearish in nature but since then we have seen an unstoppable growth with halving FOMO and mainstream media showing it everywhere.
Now what do we see in this chart?
BTC is currently forming a CUP and HANDLE pattern not at the bottom but at the top which somewhere keeps in doubt in the authenticity of this pattern.
These are generally bullish patterns.
So what do we expect in the coming days?
IF we can break above the Orange dotted line which is the global resistance trendline since 20k I expect 10680 to be broken soon and we can see a very bullish rally for the next few months with some healthy retracements because WE HAVE NOT SEEN A HEALTHY RETRACEMENT YET SINCE THE 3.5 k mark on March 12. So you need to be vigilant on that.
I expect the price to hit 10.2k and then 10.6 k soon if 9200 holds.
THE ONLY LEVELE TO WATCH IS 9200ish.
Other support Levels:
50D MA: 9218
85D EMA: 9179
Violet colour support line: $8514
200D MA: 8352.
Violet colour support line 2: $7890
The green rectangular are is a good support zone.
RESISTANCE: $9900 $10200 $10680
Caution : IF BTC BREAKS BELOW THE 9200 LEVEL THE FIRST LEVEL IT WILL RETEST WILL VBE $8500.
My plan is to buy bitcoin lower of the 9200 level is broken to the downside.
WEEKLY DIDN'T CLEAR MUCH DATA. BTC is still struggling to break the global resistance both in weekly and Daily TF.
I will keep this post updated just like the previous ones.
FOLLOW ME for:
Daily BTC / ETH /Alt updates
Free Educational contents
Exponentially growing community.
Also please hit the thumbs up if you like this update.
Stay safe
#PEACE
#BTC/USD Heading for $8800 or making a higher high?Welcome to this quick update guys.
Hope you all have been following my short term BTC updates that I'll be posting everyday. It can help you to make decisions on scalping, spot trading as well as Buying the local bottom and selling the local tops.
FOLLOW ME FOR THESE IMPORTANT UPDATES.
Coming back to this chart, BTC made a low at $9112 as per my last update. Currently it is making higher highs which is bullish in nature.
Currently Trading above 25D EMA ($9454) and 200D MA which is acting as a strong support at $9255.
Lower Trendline is also acting as a strong support so far. I have shown the two scenarios that seems likely to play out.
Resistance for the short term remains the 50D MA at $9552 and the red cluster zone.
If the price follows the white trendline which will lead to the formation of an inverse H&S will eventually break to the upside (unlikely but possible).
If not and we break and close below the 200D MA , be ready to buy BTC at $8800 and lower.
IMPORTANT NOTE (WARNING):
As of now most of the traders are posting bullish charts besides weekly candle got rejected from the global trendline Resistance. Guys I think a brutal breakdown is likely if we don't break the 10700 level soon.
So what should we do? I will be tethering the 9680 to 10200 level I I get the chance.
In case the price breaks above the 10700 mark I'll buy back in but IF the price goes to lower levels like $7800 $7400 or even $6800 I will have the opportunity to buy lower.
What do. you think?
Is it a good idea?
Please share your views and comments.
Follow me for more future updates and give it a thumbs up if you like this.
#PEACE
WRX/BTC 20% Proft Incoming!!Welcome to his quick update guys.
WRX/BTC looks like facing the 0.236 fib level extension. fORMED A w PATTERN AT THE BOTTOM along with a double bottom pattern which is highly busllish in nature, I recommended you guys to buy within 1350 to 1450 and it came down to 1332. Hope yo got in. If you didn't you can buy within the range:
1450 TO 1510
Target is the green box for short term. and for mid term targets are:
1655
1788
1860
2035
SL: 1325
Please hit the like button if you like this update and follow me for more upcoming altcoin setups. I'VE ALSO ATTACHED THE LINK OF SOME ONGOING ALTCOIN TRADE SETUPS WHICH COULD BE HIGHLY PROFITABLE, DO HAVE A LOOK .
Thank you
#PEACE
#BTC/USD Sideways action Is it Bullish or Bearish? Breakdown IncWelcome to this quick update guys.
BTC/USD seems like it is forming a Bullish Flag in smaller TF.
Last update has been very accurate and I hope you made some profits if you followed.
In this chart you can see the Price retested the 200D MA as per my last update and bounced from there.Important Support levels:
1. 50D MA: $9428
2. 85D EMA : 9278
3. 200D MA : 9258
The dotted line shows the potential expanding CHANNEL in formation.
I am expecting the price to follow the arrow as shown in the chart.
$9980 to $10185 is important Resistance area.
Any break above these levels will take price to 10700 level which seems unlikely at the moment. Until then I am bearish.
IMPORTANT NOTE (WARNING):
As of now most of the traders are posting bullish charts besides weekly candle got rejected from the global trendline Resistance. Guys I think a brutal breakdown is likely if we don't break the 10700 level soon.
So what should we do? I will be tethering the 9980 to 10200 level I I get the chance.
In case the price breaks above the 10700 mark I'll buy back in but IF the price goes to lower levels like $7800 $7400 or even $6800 I will have the opportunity to buy lower.
What do. you think?
Is it a good idea?
Please share your views and comments.
Follow me for more future updates and give it a thumbs up if you like this.
#BTC/USD SHRT OPPORTUNITY. Perfect Setup with HIGH R:R!Welcome to this quick update guys.
When everyone was yelling at 7800 when BTC went to 83xx.. I told you don't panic sell. This is the time to long we made some good profits on this move.
I speculated a move upto 9400, see my previous analysis. The link is given with this update,
Let's get to this chart.
If the current hourly candle closes above the white resistance trendline we can retest the previous local high 10180, If not we will retest the 200 D MA within the next 48 hours.
We can consider opening short around:
ENTRY: 9685 T0 9970
TARGETS:
$9562
$9480
$9355
$9150
STOP LOSS (Must): $10044
Please hit the like button If you like this update.
Thanks again.
#PEACE
ETH/USD Long or Short? $168 OR $235? Don't miss these details!!Hey guys, welcome to this update.
Firstly I want to thank you all for your support so far.
I post only updates with high possibility.
Let's get to the chart and try to keep it informative for both bulls and bears yet simple to understand. As people tend to like simple updates with clarity.
ETH has been trading under a RISING WEDGE PATTERN (which is bearish in nature and certainly ends up breaking to the downside) since the last 58 days or so.
It broke down 4 days back on MAY 10. IT JUST RETESTED THE lower trendline of the channel.
BULLISH SCENARIO: (S2 - SCENARIO 2)
In my opinion ETH seems more bullish at the moment because of the following reasons:
ETH is holding the 50D MA at $197
ETH is holding the 200D MA at $191
Most importantly it is also trading above the 85D EMA which is my best strategy since I found it 2 months back. (Hope you've read my 85D EMA strategy that I posted on April 15 for ETH and April 25 for BTC, if not I'll leave the link below)
MACD : Seems bullish crossover could happen anytime soon.
RSI : Bullish, Trying to break above the 50 level, not too oversold or overbought. Trying to reach the optimum level of oversold zone which can certainly take ETH to some positive rally.
Many traders didn't notice this purple trendline support, If you consider this as a valid support line we can say that we're still trading under this extended channel. Every detail is important, you'RE TRYING TO OUTSMART the 98% traders here. If this trendline works we may be bullish and see the upper targets soon.
Conclusion: If BTC breaks above $215 which is around 7%+ from the current market price, a rally to the upside is highly likely with targets:
1. $235
2. $252
SO WHAT CAN WE DO?
IF YOU'RE A BEAR AND SHORTED, You can put an SL at $216 or you can add short positions at that price. If it breaks to the down side you can have a low risk with High Reward Trade (This is exactly what matters, You need to get into the trades with low risk but high reward ratio)
IF you prefer long you can wait for it to dump to the downside support levels, given n the chart or LONG with a daily close above $216.
BEARISH SCENARIO: (S1 SCENARIO 1)
The only thing that is bearish in the chart is the breakdown below the trendline. The target for such breakdown could be the important support levels as shown in the chart.
CONCLUSION:
Although the chart looks bullish I am bearish until the break and close above $215.I'll categorise this update in LONGS as I will try to get into ETH LONG AS LOW AS POSSIBLE.
If ETH goes to the lower levels,
$123
$148
$168
I'll add spot longs on ETH for the mid term.
Hope this idea have been helpful for both the bulls and the bears. iF YES THEN PLEASE FOLLOW ME and
HIT the like button. It will support me and motivate me to make more of such contents for you guys.
THANKS AGAIN
Stay safe
Wishing you and your families good health.
#PEACE
ENJ/BTC 300% Potential Profit till the EOY!Welcome to this update guys its been a long time that I didn't post the ENJ Chart.
On Feb 11 I posted my ENJ Chart at that time it was trading around 1300 sats I said this alt will explode soon. It's approx 40% UP SINCE OUR ENTRY.
After few weeks It was under Teeka Tiwari's (who runs his palm beach group with high fees) )long term picks for the year. I don't really like his concepts but the coins do pump hard just like DATA coin.
I believe this coin can do very good in this year.
The USD chart looks more promising. breaking a long term resistance.
HERE'S WHEN YOU CAN BUY if YOU DON'T HAVE IT IN YOUR LONG TERM BAGS:
1. IF IT BREAKS THE ASCENDING TRIANGLE.
2. IF IT FALLS TO THE GREEN BOX: 1570 TO 1800.
This setup is for long term.
TARGETS:
2733
3430
4127
5110
Currently it is facing the .236 fib level extension which will break sooner or later.
Follow me for such updates and hit the like button if you like this post.
I WILL BE POSTING MORE ALT SETUPS SOON. SO FOLLOW ME IF YOU DON'T WANNA MISS THOSE CALLS.
#PEACE
#BTC/USD is not BEARISH as you think. Be ready!!Welcome to this quick update.
I am gonna share with you some important factors here.
In my last BTC Idea I said BTC will try to retest the 9300 area but due to expansion in time period this figure got lower and we touched $9182 level respectively.
Some important things to keep in mind:
1.The green area is a strong demand zone, $8100 to $8430.
2. 200D MA is still holding as a support. When BTC brokeout it didn't retested the 200MA what if it was just a retest and we're ready for another push to the upside?
3. Did you notice that yellow trendline in the chart? When BTC broke out it didn't retest this line and after 10 days It retested this line on May 10.
So considering these two factors I still think we're bullish above $8100 level.
I do understand that BTC is trading under a giant Rising wedge which is a bearish pattern in classical TA. Break below this will be devastating and we can see BTC to 7800, 7400 and even 6800 level but it's too early to speculate this.
Unless we break below this wedge and the 200D MA my perspective will be BULLISH.
What do you think?
What's your thoughts on this?
Please share your views and like this idea if it helps in any way.
And do not forget to read my $132,000 per BTC prediction, the link is given below.
Hope this helps.
#PEACE
#BTC/USD, Told you it isn't that bearish. Scalp opportunity!Thanks for coming by to this update.
I said in the last update BTC is not as bearish as you think. Many people asked me on twitter and tradingview whether to sell or not when btc was trading around 8370.
Guys firstly I would like to tell you just be patient with BTC.
Do not FOMO BUY or SELL.
Wait for the right time and enter/exit according to proper strategy.
Halving is complete BTC may come up with good surprises. BTC is trading above the support trendline which was respected.
In the current chart I think BTC is ready to hit the upper trendline resistance which is the green box.. It IS TRADING ABOVE 200D MA now.
Important support level is 8100 and 8420.
Resistance: 9200, 10180.
What do you think could happen in the short term?
Share your views in the comment section.
#PEACE
#BTC/USD 4 hour. Seems ready to retest 9.4kHello guys, welcome to this quick update.
The dump was massive. BTC broke down the support and it seems we can head to the lower levels but before that we need need to see whether it breaks above the orange trendline or again gets rejected from it.
In this chart I expect the price to retest the 9400+ level soon.
Although I won't consider it as a buy region.
I was 30% in USDT and my bids got filled around $9188.
Thanks for reading.
Please hit the like button if you like this update.
#Peace
#DOMINANCE IS AT CRITICAL ZONE. Don't miss this!Hello guys. This is the most important Dominance chart that you need to. understand if you're invested in alts.
Halving is just after few days and people are holding
BTC max in their portfolio.
Coming to this Chart
Dominance is at the most critical Zone now,
Break above this TRENDLINE would lead to 10 to 20% more dump in BTC and will eventually get rejected from the upper trendline Resistance. Dropping from that resistance which is around 68.10 we could see a mini Alts season i.e., a 100 to 300% Rise in Potential Alts which are trading currently at the bottom with strong fundamentals in the end of second quarter.
Yes It's true read it again!
Now if it follows S1 (Scenario 1) in which it fails to break above the current critical Red Dot resistance point where two line of Resistances coincide with each other we can see it dropping to the downside to 62 level.
Caution for Alts: If dominance follows S2 and breaks through the resistance of the giant falling wedge channel. There will be massacre in the Alt MARKET.
If you ask me my personal call would be a drop from here but still need to be vigilant.
So we wait for few days to see how the resistance breaks to the upside or downside.
I would personally hold maximum portion of my portfolio in BTC.
#Thanks again for reading.
If you like my ideas and the hard work I put into the charts please hit the LIKE BUTTON and Follow me for the latest Updates.
Stay safe
I wish good health to your families
#Peace
#BTC DOMINANCE ALT Season incoming? Don't miss this!Hello guys, welcome to this update.
This chart is very simple to understand.
Please HIT THAT LIKE BUTTON for the simplicity of this chart!
In the chart we can see Dominance got rejected from the Resistance trendline of the expanding channel.
If it follows the speculated direction, It is highly likely that we can see a 15%+ Decrease in Dominance.
You know what it means? Alts will be pumping crazily!! The alts with strong fundamentals in the coming 2 months will provide as high as 100 to 300% + profits. I will update the charts of those altcoins one by one. Follow me for those updates.
We need to watch the red zone+70 level, which is a strong resistance. Unless Dominance breaks above this major resistance I think holding alts will be Very Profitable. Besides most of the alts are showing Bullish signals in Daily Time frames.
For more such updates follow me and share this idea with your friends.
Your views are welcomed in the comment section.
#PEACE
#BTC Dominance needs to break this Level for Alt season!Hello everyone welcome to this new update.
I would like to keep this update very simply and short.
The level is 200D MA which is acting as a support now.
On my last update I said Dominance could break below the 68 level and seems like it did but eventually holding the 67 level strongly.
If it breaks we can see it reaching to the 65 level.
Once we break this 67 level along with the 200D MA I am pretty sure we will reach our target and alts could perform well while btc goes for some retracements.
Please hit the like button if you like this idea.
Your views are welcome.
#TOMO/BTC Missed the trade? Here's the buying spot.Hello everyone thanks for coming y to this update.
TOMO Brokeout of the falling wedge channel and now trading above it.
Yesterday price dumped to 3423 and my bids were filled at 3580 and 3620. I would call it a mere luck.
There's some strong fundamentals too. Hardfork is within 2 days. Risky Trade though. SO BUY CAUTIOUSLY AT THE RIGHT SPOT.
SUPPORT :
50D MA: 4289
200D MA: 4270
So this level becomes important for buyers.
BUY RANGE: 4200 TO 4500
Targets:
5280
5450
5788
6210
Stop Loss: 3980
Don't try to FOMO BUY into this coin. Try to grab the retests. nothing goes straight up!
Follow me and Like this update if you like it.,
#PEACE
BTC $12000+ or $5500 till Aug 2020? Strategy after halving! Guys this is a very important update so read it carefully.
I'll try to keep in as short as possible but there's too much information in the chart and we need to study only 3 important one of them to come to a possible conclusion.
1. The Global Resistance Trendline (White)
As you can see in the chart after many attempts BTC is trying to break above the Trenldine Resistance lately with a wick around $10045. iF WE OBSERVE CLOSELY BTC HAS NOT BROKEN IT YET.
2. THE 200D MA on Weekly (Violet)
It is an important indicator and yet it has not been retested yet after the breakout which still opens a door for lower prices in the future as low as $5500 to $6300.
3. The Violet Dotted Trendline
I observed this trendline has not been noticed by many people and I find it quite fascinating and think it can be retested in the run.
MACD RSI and many more indicators are still bullish though.
So what do we understand from this chart?
Unless the weekly closes above the $10800 mark I still think there's is a possibility of lower price depreciation, all the way upto $5500 to $6300.
We will wait for weekly close to see if we can break to the upside.
CONCLUSION:
SO DON'T BE CONFUSED, I AM WRITING THIS AGAIN IN SIMPLE WORDS, Break above $10800 will be sign that we've officially entered a possible 2 year BULL MARKET. If we get a strong rejection in the next 2 weeks be ready to buy BTC around $5500. My strategy will be to sell BTC around 10k and Buy back lower. If you want to know exactly when to buy and sell just go up there, move your cursor to my name and follow me for quick updates.
We will look into smaller Time frame too so that the picture becomes more clear.
If you like this idea please HIT that Like Button and share it with your friends. Also do not forget to read my other idea including the one which shows how we can see BTC around 132k within May 2022.
#PEACE
#BTC/USD Best spot to long!! Don't miss this!!Welcome to this quick update guys.
In this 4 hour chart we can see a bearish MACD Crossover happened and Price retraced below the global resistance line which is the red trendline.
Since BTC is acting too weird now with a lot of confusion and volatility I can expect BTC to trade under this expanding channel.
It is unlikely that BTC could reach the 9133 level but possible too.
IMO the best area to long would be the green zone which will provide better Risk Reward.
REMINDER FROM THE PREVIOUS CHART: Unless we break above the 10800 level there's still chances that we can see lower 6k levels.
CURRENT SUPPORT Levels are:
$9187 (Also happens to be the 50D MA).
$8827 (85D EMA)
$7800 (200D MA)
Resistance levels:
$10350
$10800
I will keep you updated, If you like this idea Please HIT that like button. Follow me and share this idea with your friends.
#PEACE
#WRX/BTC Best investment for long term.ALTCOINS may be pretty tough to choose these days.
You never know how much they can fall.
But If you choose the right one for the right term you'll be highly rewarded.
This is what I've learnt from my experience.
IMO WRX is best buy under 1400 to 1600 region.
WAZIRX is a token of its own exchange which is one the largest exchange of India a country with the second largest population and crypto got a green flag from their governement recently.
So fundamentally it's a good long term investment just BNB is for Binance.
Technically its trading under a falling wedge channel which is bullish in nature since the last 1 month.
We may see a breakout soon. RSI is in oversold area might see buyes coming in soon.
I have my 5% of Alt portfolio in this coin and buy more as it goes down.
Long term we can expect as high as 5x returns in the next 1 to 2 years.
Currently I've plotted the short term Targets and accumulation Range in the Chart.
TARGETS:
1.1776
2.1983
3.2088
4.2252
Period: Mid -Term.
If you like my ideas please hit the LIKE BUTTON and follow me for such updates.
#PEACE
#WRX/BTC Ready to pump 50% + Potential GrowthSorry guys for not being active since the last few days. Had some issues with the system.
In my last update I expected WRX to come down to these buy levels. Didn't expected it to come below 1450 but it's fine you got some discount don't you?
Now the chart looks extremely bullish and expecting it to START A POSITIVE RALLY SOON breaking all the resistances.
Indicators like RSI is oversold, MACD is bullish.
SUPPORT and BUY Range: 1340 to 1420
Target: 50%+.
#BTC/USD Broke the Resistance Now Ready for 9kHello guys, Welcome to this update.
BTC broke above the important resistacne Level around 7890.
It also broke above the 85D EMA (Purple line) in the weekly chart which is a very bullish sign as of now it is trading around 8130 area and trading just above the middle Bollinger Band(orange) level. It's highly likely it will try to reach the top BB line within the next few weeks which coincides with the long term Resistance Trendline since 20k. If that happens the price may surge to 9000+ area easily.This is the 7th green week so far. Also If it keeps on trading above the 85DEMA at the end of this week I'll expect 9k around the halving easily.
And after that we may see some retracement.
it's too soon to say that.
Now let's wait for BTC to show some positive momentum. I am long since 7200 and Still holding my positions.
Hope this idea helps. Please Follow me and hit that like button. It's free and helps me to make more content for you guys.
Thanks again
#Peace
#THETA Broke the Inverse H&S Now what?Welcome to this quick update guys.
Theta just broke out of the inverse head and shoulders.
The price bounced and I think it is a good position to book some profits.
And left 25% of position to ride in case it follows any of the scenarios shown the chart.
If you're not holding Theta or missed this trade. DON'T FOMO.
Buy on the retest of the trendline and put an SL 20 to 30 sats below your entry point.
Some of targets given in my previous updates have been fulfilled.
#RVN/BTC Re-entry TRADE SETUP. 15%+ Potential ProfitHello guys welcome to this update.
BTC has been doing amazing lately and so are the alts.
RVN had a nice surge after it touvhed the 208 level.
I am expecting it to retrace a bit and than continue it's runup.
Here's the simple setup:
ENTRY: 235 TO 239
Target: 15% +
Stop Loss: 225
Please hit the like button if you agree and follow me for latest updates.
#Peace
#BTC/USD Ready for $12k?Hello everyone. Thanks for coming by to my new Update on BTC.
#BTC seems to be going a bit sideways for the next few days.
The long term lower trendline support turned resistance is now broken and could easily work as a support.
Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA.
I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN.
IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement.
All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible!
Stay tuned I'll update other ideas with shorter TF for you to understand.
#Please hit the LIKE button If you like my charts and follow me for such updates.
Thanks again.
#PEACE