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SasanSeifi 💁‍Daily Price Analysis and Potential Growth ScenarioHello there! 😊 In the daily time frame, as you can see, the price has been accompanied by a minor correction, and it has currently shown positive reaction support. It seems that the price is in the process of completing a pullback. The scenario we can consider in the daily time frame is as follows: if the support range is maintained, the price may continue to the resistance range of 0.074 and the supply zone of 0.080 with further growth. In the case of growth, to understand the continuation of the price movement, we need to see how the price will react to the resistance zones. 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
2
Watching for the pulbackMorning folks, let's keep up with our BTC analysis. So, our Thu suggestion was correct once again - BTC has jumped, breaking 4H wedge pattern in opposite direction. Now we suggest you to think on two objects. First is - is it really ETF topic that pushing BTC higher? So, the gold is raising also because of ETF? Second is, despite how strong the BTC pace is, we hit monthly Agreement resistance - major AB=CD together with 50% resistance level. Theoretically we have monthly "222" Sell. This is not best combination to consider new long entry. That's why within few weeks probably we will be watching for market reaction, as it could give us better entry levels.
BITFINEX:BTCUSD
by Sive-Morten
Upside challenge seems possibleMorning folks, Just to not bother you with a lot of details, we suggest that BTC could try to challenge the top in nearest time. Despite that we're getting classic wedge shape, which should be bearish, we think that this is more the sign od bears' weakness and BTC could try to break the top. So, we do not consider by far any short positions. If you would like to buy BTC we suggest two ways - either follow the butterfly that we have on 1H chart, or use Stop "buy" order near the top to step in during breakout. Or combine the both...
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂APE/USDT Hey there! In the daily timeframe, as you can see, the price started from the 1 USD range and, after breaking the HIGH of the 1.30 USD range, faced buying demand after ranging and consolidating. The price managed to grow by approximately 70% to the liquidity range of 1.70 and the price level of 1.77. After the growth, the price faced a negative reaction from the liquidity range and is currently trading at the price level of 1.53 USD. The scenario we can consider is as follows: the price will again grow to the price levels of 2 USD and 2.30 USD after the correction and completion of the pullback process, also in case of confirmation. In case of correction, to better understand the continuation of the trend, we need to see how the price reacts to the target range of 1.30 USD. In addition, otherwise, if the price breaks below the 1.30 USD range and consolidates, there is a possibility of further correction to the price levels of 1.20/1 USD. 🟢 Keep in mind, it's essential to perform your own analysis and take into account additional factors prior to making any trading choices. Best of luck! ✌️ ❌ (DYOR) - Do Your Own Research...⚠️⚜️ Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! If you found my analysis beneficial, I would be grateful for your support through likes and comments. Thank you! 🙌
by SasanSeifi
30.6K seems vital for short-termMorning folks, So, spike up has happened as we've discussed last week, and formally, daily bullish dynamic pressure is done. But hardly it makes bulls happy. W&R suggests stop hunting action, and in general the bearish short-term signal. Of course, it doesn't mean the major reversal etc., but it could trigger deeper downside reaction. Besides, on 4H chart our butterfly 1.27 target is done and now BTC already shows 3/8 retracement reaction. Here we suggest to keep an eye on 36.6K Agreement support area by two reasons. First is, it is a good support, that could be used for long entry and very tight stop placement. Second is, it is good validity indicator. Normal bullish market should not break it down. If it happens, it would be better to wait with any long entry, as chances for stronger downside action will increase significantly.
COINBASE:BTCUSD
by Sive-Morten
BTC keeps bullish contextMorning everybody, On daily chart we have two bullish signs. First is, market is forming bullish dynamic pressure - MACD trend is bearish but price action is not and forming higher lows. Second, as we've mentioned last time we have DRPO "Sell" failure, suggesting some way of upward action. Besides, we suggest that recent Binance punishment will support BTC price, especially at the eve of ETF approvement. People start withdraw coins out from exchanges to wallets, cutting free flow. Shortly speaking, we do not consider any shorts by far, suggesting that some way of upside action could happen. We keep the same 36K lows as invalidation area for this short-term scenario.
COINBASE:BTCUSD
by Sive-Morten