#BITCOIN TARGET FOR JANUARY 30th could be $42k here's why!!!Do not take it as false hope.
I will show you some essential points which can help you make better trade decisions and justify my target of $42k.
1. Bitcoin has broken the $20k support but keep in mind although the ATH was $20k the weekly candle closed at $18953 this is why this level is very important in a weekly close.
2. Currently the price is trading around the same range.
3. BTC can go lower from here, no doubt, and the best way to accumulate would be by DCA, you already know that.
So, my buy orders on spot are placed from $11788 to $17765. (It's hard to tell whether we could reach these levels anytime soon)
4. Fractals are pointing towards the target of $30k, $38k, and $42k and this dip could end up being a TRAP but still I will accumulate in every dip as I said before.
5. BTC has been in a Bear market for almost a year now. Expecting a few more months of sideways before the next rally starts.
Please observe the chart in order to understand all the given points.
CONCLUSION:- I am buying BTC since, in every DIP, there is a chance we can see a good rally from October.
These are just my views and are not meant to be taken as trading/financial advice, Always DYOR.
Do hit the like button if you like my work and share your views ion the comment section.
Thank you
#PEACE
Cryptorphic
#PYR/BTC Breaking out of 285 Days of Resistance 400% Potential..Welcome to this quick trade setup.
While BTC dominance is falling you can already see many altcoins pumping like crazy in the last couple of days.
PYR is one of the altcoins with strong on-chain movements.
A simple textbook TA Breakout can be seen in the chart as we speak after almost 10 months of accumulation.
A green candle close will be good for confirmation.
BEST ENTRY :- 1625 sats to 1788 sats.
Aggressive Entry (When you can simply DCA):- 1880 SATS TO 1930 SATS
Targets:- 2870, 3348, 3865, 4377, 5290, 6464, 7133.
Stop Loss:- 1365 sats (Subject to change as per market structure, I will keep you posted ).
DYOR, This is not financial advice.
If you want me to post more of these setups, follow me, like this chart, and share your views in the comment section.
Do not forget to share this trade setup with your crypto friends and groups.
Thank you
#PEACE
#Bitcoin's next move explained in simple words...Hello, my friends and fellow subscribers, I was on vacation, you know it already if you follow me on other platforms too.
I just got back today and am ready to work day and night.
Let's get to the chart, I will keep it short and simple.
Bitcoin bounced right from the support. Once it breaks through $22.3k BTC is likely to hit the $25k level again.
Invalidation will be a close below $20.7k.
Am I bullish yes?
But prepared if I am wrong.
Let me know what you think and do hit the like button if you like this chart.
Thanks for being patient.
Stay safe
#PEACE
#BTC/USDT Short Update, Read if you are holding longs.Welcome to this quick BTC Update:-
I will keep it short, As long as the 21 MA holds in the hourly chart a rally towards the purple circle is highly likely.
I am long on a few coins and expect BTC to hit the $23600 to $23900 area within the next 24 hours.
Let me know what you think in the comment section.
Invalidation will be close below the $22800 area.
Do show your support and hit the like button.
Thank you
#PEACE
#Stable Dominance giving us a hint for a green weekend!!USDT Dominance is in play.
Testing the blue EMA right now after the breakdown.Although this is a 4 hour chart but most of the people trade on leverage so keep in mind an hourly full candle close above the 6.28% followed by a confirmation candle would mean I will close my long positions manually and this chart will be invalidated.
Unlikely, but you never know. Always be prepared for the worst.
I am holding Long positions right now.
Let me know what you think. Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#Bitcoin Potential Rally to $32k by November 7th!!BTC Exclusive chart: This is an amazing development in Bitcoin's price action.
If you are reading this congratulations, you made it this far, you are gonna make it all the way to the next BULL RUN too!
The one with patience will be awarded eventually.
WHEN RICHES COME, IT COMES IN SUCH ABUNDANCE THAT ONE THINKS ABOUT WHERE THEY HAVE BEEN HIDING DURING THOSE LEAN YEARS!! Believe me, it’s true! You'll feel this when the right time comes.
Many people lost. A lot of their lifetime savings, it;’s time you prepare NOT TO repeat the same mistakes in the coming years.
This is why rather than just gambling on futures, look at the long picture, and zoom out a bit. Good things take time.
So the message is not to make mistakes and choose the right step to ensure your sustainability till BTC covers the next bull run.
Now let's get back to Bitcoin.
Apart from all of the previous FUDs, Bitcoin managed to close above the most important area $20k.
Multiple indicators are showing signs of reversal.
For example,
1. RSI: The RSI has been this low only during the covid crash in March 2020 and capitulation in Dec 2018.
Apart from that, no one thought about $17k tbh, even I didn’t expect a low below $20k and a break below 200 Weekly
SMA. most people didn't, exactly the reason why it happened.
2. MACD:- is due for a bullish crossover.
3. NVT (Network Value to Transaction):- One of the best Bottom indicators which work in Higher time frames like weekly and monthly is also pointing towards the same.
(Please observe the chart)
All these indications and fractals (observe the chart)are reaching a point where we can expect BTC to hit at least $28k to $32k by the end of the first week of November to hit the 50 Weekly Moving Average.
WARNING (FINAL SHAKEOUT):- See, logically everyone will turn bullish in a week or two and that is when you’ll see a double-digit negative rally in BTC all the way down to the $20.6k level.
This will be the final shakeout before we shoot all the way to $28k.
If this event occurs, since it’s all speculation based on charts, Price Action, and Logic, I believe that will be the best opportunity to buy BTC around the $20k level.
CONFIRMATION:- We had 6 consecutive weekly closes below the 200 WMA, so for this breakout to be legit we need a couple of candles holding the same level. If the current weekly candle which closes in 5 Days and 14 hours, holds the level, The uptrend will be confirmed.
All of the above points have been observed from the charts added with my personal opinion. This is not financial advice and will never be. Please do your own research before you take any trade.
Let me know what you think!
Your views are very important and I learn from them.
I appreciate everyone reading this work, Please HIT the like button it helps!
Thank you and God bless you
#PEACE
#TOTAL MCAP Bottomed already?Total Marketcap looks really good on the macro time frame, no matter what the BTC and ETH chart has pointed out in the last 2 months this chart is showing signs of strength from a macro perspective.
We might test the mA one more time but eventually, it's going up soon.
The super trend indicator is might show up as a BUY SIGNAL soon for the entire market. To keep it clear it is a lagging indicator like MACD.
Let me know what you think!
Please hit the like button and share your views in the comment section.
Cheers
#PEACE
#JASMY/USDT Trade Setup (RR 1:10), 120% Potential profit!I have started accumulating JASMY on spot.
Breaking through the long-term resistance and is currently retesting the resistance turned support.
I think it's better to accumulate during red days and hold for good profits.
Nice R: R (Almost 1:10)
Entry:- $.008052 to $0.009250
Target :- 50% to 120% (Open)
Try to take profits on the resistance levels.
Stop Loss:- $0.007598
DYOR, Not financial advice.
Thank you
Do hit the like button if you want me to post more if these trade setups.
#PEACE
#BTC/USDT Expected move and Trade Setup.Back into the zone as speculated in the last chart.
Bought some longs based on the charts I posted here for scalping.
But, before you get too bullish keep in mind BTC is back into the channel.
Bulls need to push Bitcoin back above $21.8k.
Failing to do that BTC can plummet all the way to $19.3k which is the lower support of the channel.
What do you think?
BTC is approaching?
$23k or $19.3k?
Let me know In the comment section.
Do hit the like button
Thank you
#PEACE
#USDT Dominance:- Do not #FOMO during #FOMCMake sure you have a plan before you press that buy or sell button during these confusing times.👀
If not, wait for the right time.
If you don't have one, wait for the right time.
The market favors the one who understands risk.
Even if we start pumping from here, wait for the daily close.
The whole market will only be bullish if BTC goes back above the recent low which is quite tough as of now.
I am not taking any sides but as you know most people are waiting to gamble on the upcoming move, avoid high leverage if you do not wanna lose your funds, and wait for the right time to enter trades.
Good if you are experienced.
This isn't any financial advice you are free to do whatever you like!
BTW, When is the right time?
AFTER THE NEWS!!
Stay tuned
#PEACE
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
Do hit the like button, it helps!
Stay safe
#PEACE
#BTCUSDT Short term analysis and trade Setup.Hello everyone welcome to this quick update on BTC.
Bitcoin looks good here. Our last two analyses have been perfectly on track so far and I have been continuously updating the charts every day.
$21400 to $22052 is a good range to accumulate.
I am not bearish in the short term.
$24k to $22k is a good retracement IMO.
Bullish Divergence in LTFs.
So my plan is to accumulate longs at very low leverage: 2x to 4x but only if BTC closes above $21.4k this week. So you plan your trade accordingly.
ENTRY:- $21400 to $22052
TARGET:-
$23450
$23880
$24210
Stop Loss:- $21775.56
BTC can further trade above $28k if we get a weekly close above $24k. ( I'll notify you just stay tuned and follow me if you haven't yet)
DYOR, This is not financial advice.
Do hit the like button if want me to post trades on ETH LTC XRP SOL and other altcoins.
Stay tuned
#BTCUSDT 100% Accurate Signal ! $28k on board? or a trap??Hope you followed my last update which was 100% accurate.
BTC reached my target of $19.2k and bounced.
Currently, the chart shows potential for a rally toward the $21.6k level.
Trade Update:-
We are spot long since $19.3k which was given last time and right now we are waiting for a perfect breakout and close above $22k which will trigger a rally towards $27k-$28k.
Leverage long with an entry around $19.2k was closed at $20.9k.
If you are willing to long BTC on leverage, the best level should be $19.8k to $20.4k with an SL at $19688.
DYOR This is not financial advice!
To stay on the safer side it's always better to wait for confirmations on higher time frames likely weekly.
PA in lower time frames could be tricky.
Conclusion:-
BTC is bullish and the best price to long will be below $20.4k with SL around $19688 (subject to change as per market conditions).
A break above $22k will trigger a multi-week rally across the market.
More details are given in the chart, Please Observe!
Please do hit the like button and share your views in the comments section.
Thank you
#PEACE
#ALT MARKET CAP is on the run! 15% Rally ahead!Welcome to this quick update everyone,
Altcoin Marketcap is bouncing after printing a higher low.
The index reversed on 18th June 2022 with a low of $430.955 Billion Marketcap.
Currently its trading inside a rising channel and to cpmleyte it needs to print another higher high which gives us our short term target of $573 Billion, almost 15% from current level.
THERY TO KEEP IN MIND:-
Since this is a rising channel which is generally bearish in nature and often considered as a bearish continuation pattern unless broken to the upside.
This is a very interesting scenario here. BTC has been surprising us since the last few months and ALT MARKCAP breaking to the upside after printing a bearish pattern could be another surprise while the whole crowd is completely bearish.
This is just a theory. The chart along with multiple indicators are showing possibility of a 15% rally in this index which will eventually push the altcoins 20% to even 50%.
So take your trade decisions accordingly.
INVALIDATION:- A CANDLE CLOSE BELOW THE RECENT Higher low of $461 billion will invalidate this chart.
DYOR before taking any trade decisions based on this chart.
Do hit the like button and share your views in the comment section.
Follow me for more quality updates.
I don't post much , I only do when it's needed.
Thank you
#PEACE
#BTC/USDT Bearish in short term Target $19.2k, Here's why!BTC is likely to retest circle shown in this chart.
Reasons:-
1. The late longs are trapped. ✅
2. PA shows potential to be retesting the lower support of the channel. ✅
3. $19.2k to $20.5 is the important area of intersection. ✅
4. 50 MA support is around $20.5k bulls need to defend this level. ✅
INVALIDATION:- This chart will be invalidated if the price closes above $21,865.
This is not a financial advice. DYOR before taking any trade decisions.
Do let me know what you think in the comment section.
Hit the like button if you like this short update.
Thank you
#PEACE
#USDC Dominance looks weak, Bullish rally ahead?USDC Dominance:- The index is showing signs of weakness.
This might be considered a hint that a rally is coming across the market.
Rejection from the upper resistance as well as from the red resistance area has already been retested.
Breakout of this pattern is likely in the next few days.
IMO, It's safe to position into BTC and Alts unless it breaks and closes above 6.88%.
Hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT Short term Price Update $22.7k on board??One of my private chart worked like a charm.
We were mostly in USDT and it was clearly said, a close below $28k would trigger the recent move to sub $23k.
Well it did go below $18k which was a surprise for me tbh.
Anyways let's look at this hourly chart.
Bitcoin made a low of $19,865 in the last hourly candle.
I am posting this chart on request.
Holding $19.5k and it is highly likely that we will see BTC heading towards $22.8k in the next few days.
This will provide room to the altcoins for growth.
What do you think?
Let me know in the comment section.
I will be posting some trade setups as well as BTC ETH and other major Altcoins after the current weekly close.
Soon updating a new chart where I'll be sharing the reasons to buy BTC and the best possible bottom.
Make sure you hit the like button and follow me for more upcoming updates.
Stay safe
#PEACE
#ALT MCAP $500 billion at critical level.
ALT MCAP is moving towards the 100 MA support around $500 billion mcap.
This is an important level to hold.
A green close above this level could trigger a bullish rally across the market, until it happens we are short-term BEARISH.
Be careful.
Let me know what you think in the comment section. Do hit the like button if you like me to post these small updates.
Thank you
PEACE
#ETHUSDT Could hit $1700 if this happens...!!!ETHUSDT is holding the $1100 support for a while.
100MEA is also supporting the price since the last few candles close.
Break and close above the $1253 level which happens to be the local resistance could trigger a rally toward $1723.
The price must hold the 100MA for this scenario to play out.
Invalidation: - A close below the green zone. Level $1078
Let me know what you think. Do hit the like button if you like my updates.
Thank you
#PEACE
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple
Rejection candles will lead to a rally across the market.
BTC could hit $23k+ and alts will follow, probably a green week.
However, a close above the resistance will lead to a correction.
Important area, stay vigilant.
CONCLUSION:- Close above 7.28% will trigger short entries across the market.
Close below 7.23% enter long position with SL.
Let me know what you think in the comment section and hit the like button if you find this update helpful.
DYOR
Thank you
#PEACE
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls.
Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag.
However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.
Our job is to wait for the confirmation and take trade decisions accordingly.
MY PLAN:-
Wait for the weekly close to take any trade decisions.
I am not taking any trades in the last 3 months—a few scalps when I see the opportunity.
Mostly hit SL. Sign of a bad market!
Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past
MY MESSAGE TO YOU ALL:-
BTC has been trading within this range for the last few months.
If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too!
So stay strong, and avoid leverage/ futures trades when the market is uncertain.
Try to take a break from the screen and spend some time with your family and friends.
Your mental health is really very important to have a sustainable career in trading.
Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow.
Making profits is our secondary goal, preserving funds is the priority here.
Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful.
This idea is just my view and not financial advice.
Thanks for reading.
Stay strong
#PEACE
#BTCUSDT Short term update.Welcome to this quick update, everyone.
Although BTC is holding the $29k level quite strongly it needs to get above the trading range to rally towards upper targets, $32k, and $35k. (I know you know this already!)
Lower support is around $28k and resistance is around $30.8k.
We have already seen a fakeout (the red circles)!
I've shown the expected move in the chart, let's see how it goes.
For scalpers:- The long level is around $29,280 with SL below $28670 with a target of $32k.
*Not financial advice.
DYOR.
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#BTC/USDT $38k on board. JUNE ROADMAP!! Explained.BTC followed our last update and held the $28.5k level which also happens to be the .618 fib extension considering the covid low and recent ATH.
Broke above the $30.8k level too!
Volume profile matches with all those pumps that happened in early 2021 and July 2021.
However, there are a few points BTC needs to fulfill like BTC needs to break above the $32k level.
Here's what I expect:-
With several choppy ups and downs in BTC, it's highly likely that it will hit the $41k level.
Breaking above the Blue channel with lower low and lower highs.
We need a new higher low that could happen If BTC breaks above the blue channel.
Secondly, BTC needs to hold the golden ratio level which is $38.5k
The chart is quite clear here, there's a high probability of this scenario playing out in the next couple of weeks.
What's important is HOW BTC reacts to the $38k to $42k level I am quite confident BTC will hit that level.
Follow me if you don't yet, I will be updating this chart when needed.
Do hit the like button if you like my updates and share your views in the comments section.
Thank you
#PEACE