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Watching for responseMorning folks, So, our intraday butterfly is done. Market now officially hits weekly strong resistance area around 36K and completed weekly XOP target. Next nearest level is 38.08K, which is Yearly Pivot Resistance 1. Since current place is not good for taking new longs, we suggest to see some response of strong area. Once of the possible ways is appearing of H&S pattern. This is just as an example. Whether to consider scalp shorts here is up to you, personally I do not intend to do this and mostly watch for the deep to consider long position:
COINBASE:BTCUSD
by Sive-Morten
Messing around the topMorning folks, Last time we've said that BTC is near strong weekly resistance of 35.5-36K area, and agreed to wait for response to consider next step. Now, week just has started, so, no response is formed yet. Still, we suggest that this is not good point for new long entry, at least from technical point of view, if you trade on daily/weekly time frames. On shorter time frames, price is forming pennant consolidation that suggests some upside action, so, BTC could mess around the top, spiking and touching weekly resistance area. Thus, it is not a good moment for scalp short as well, because we do not have any patterns in place. While scalp bullish traders could consider to do something with this triangle. For example, minor upside butterfly might be formed here.
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂VET/ USDT DAILYHey there! By analyzing the VET chart in the daily time frame, as you can see, after a period of growth, the price has experienced a minor correction, and it's currently trading in the price range of 0.017 after coming down from the 0.018 range. In the daily time frame, the expectation is that, with the maintenance of the price range between 0.016 and 0.1530, the price may experience growth toward the liquidity zone at 0.01850. To better understand the continuation of the price movement, we need to observe how the price reacts at the crucial resistance zone of 0.018. It's possible that, upon confirmation, we might witness a rejection of the price. The potential scenarios are also indicated in the image above. Additionally, if the price manages to establish itself above the 0.018 range, the target range of 0.020 could be considered. ✨What's your opinion? Do you agree? 🔵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!🙌✌
by SasanSeifi
SasanSeifi 💁‍♂ASTRA/ USDT DAILY 0.00800🤔Hey there! Upon examining the daily chart, as you can see, the price encountered a negative reaction as it approached the downtrend line in the 0.0052 range and is currently trading in the price range of 0.0046. The expectation we can have is that after a minor correction and maintaining the crucial support ranges of 0.0041 and 0.0034, along with a reconfirmation, we might see positive fluctuations. In the case of positive fluctuations and a break of the downtrend line, the initial target would be the liquidity zone of 0.0070. To better understand the continuation of the trend, we need to observe how the price reacts when it approaches the important resistance zone. After a possible pullback, further growth might follow. The potential scenarios in the above image have also been indicated. Maintaining the support ranges is crucial for the desired scenario. Additionally, if the price falls below the support ranges, there is a higher likelihood of further correction. ✨What's your opinion? Do you agree? 🔵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!🙌✌
by SasanSeifi
29.15K or upside breakoutMorning folks, Not occasionally last time we've said - let's wait until the close of the week. And right on Friday situation has changed drastically. We haven't got any of potentially bearish patterns. Although we keep watching for weekly H&S pattern, but since there is no bearish signs yet on lower time frames - we do not consider taking any shorts by far. If you would like to buy, you could watch for ~29.15 K intraday support. Or use Stop "Buy" order near the top to step in when BTC will challenge the top.
COINBASE:BTCUSD
by Sive-Morten
Wait for the weekly closeMorning folks, So, reaction on fake ETF news makes evident that this even is highly overpriced. Jump just for 3K discovers that this is purely speculative reaction and no real money stands behind. Mostly I would say that this news is already worked out and no multiple raising of BTC capitalization will happen. Today we suggest to wait for the weekly close. We could get H&S pattern on weekly chart. If we get the bearish grabber on top - it suggest drop under 25 K area. In this case next week we could consider scenarios for bearish entry.
BITFINEX:BTCUSD
by Sive-Morten
27.4K is vitalMorning folks, So, BTC is moving by some reasons, known only to itself. Market is very thin and it seems that investors just are searching for something to make some moves. The connection to performance as safe haven as risky assets is lost. Now it was reported that some short liquidation has happened and long-term hodlers have accumulated $3.2Mln positions in 48 hours in anticipation of coming approvement of ETF, no matter from whom - BlackRock, Grayscale etc... Anyway, technically, market starts upward action after downside AB-CD retracement. By logic it has to be new extension swing to daily XOP target around 30K. Second - as major pullback is done already, BTC has not to show any strong pullbacks. That's why we have to keep an eye on 27.4K support area on 1H chart. Market has to stay above it to keep this scenario valid. Otherwise, recent rally will be erased and downside action deepened.
COINBASE:BTCUSD
by Sive-Morten
$QQQ The Precipice?We are nearing a meaningful trigger on the daily at cost basis above. This is in confluence with our downtrend channel. Tomorrow We will utilize the PBS to take QQQ to 375.50 if our levels above are reclaimed. If we stop and chop the rest of the day BUT HOLD the daily floor as reference, then next week will be above CB and we are looking for the 380s. Otherwise, the box we left is a box to retest, and with today momentum behind us, it is a possibility.
NASDAQ:QQQ
by PotterStocks-PBS
Market is nervousWell-well... We see downside AB-CD action that we've planned last week, but it has not started. Market right now is very difficult to analyse, because it is rather thin, trading volumes have dropped dramatically. And any single transaction could trigger big moves. Besides, recent drop is difficult to explain from external factors - US yields are dropping, everything is raising, except BTC... While it was going higher like a crazy on some phantom expectations of ETF, despite environment was bearish. It behaves neither like safe haven nor like normal risky asset. It seems that fluctuations are becoming random and triggered occasionally just based on some news release. Technically, now the downside AB-CD finally has started. Since we have acceleration on CD leg, I would wait for 26K area before even thinking about long entry. Besides, 26K lows is invalidation point of short-term bullish context. If BTC breaks it down, we will go under 25K.
COINBASE:BTCUSD
by Sive-Morten
27.2K seems vital for nowMorning folks, Technically we could say that situation remains bullish, as market is coiling right around daily resistance area and stubbornly doesn't want to show deeper retracement that we've discussed last time, so we haven't got better entry levels by far. From the fundamental background - we do not clearly understand reasons for euphoria. The sentiment is based on some blur expectations concerning ETF and other things. It is definitely not enough by our view to go against high interest rates, raising dollar and negative processes in the US economy, including global politics. Anyway, for now, since context remains bullish by far, if you want to buy - try to do it as close to 27K lows as possible, just to minimize the risk. If BTC breaks this level down - deeper downside action happens. While it stands in triangle - it keeps chances on upside continuation right from current levels.
COINBASE:BTCUSD
by Sive-Morten
27 and 26.40 for accumulationMorning folks, So, based on some recent news, which we think definitely are overpriced, BTC was able to show upside bounce. Our view that the major events are still ahead and 30K level should show whether the major rally starts or not. But, first - BTC has to get there. Now we have short-term bullish context and consider position accumulation around 27 and 26.40K support area, suggesting that downside retracement might be a bit deeper. Vital level for this setup is 26K lows. It price drops below it - upward action is over and we're going to 25K. If everything will be OK, then BTC should try to test 30K area.
COINBASE:BTCUSDLong
by Sive-Morten
SasanSeifi 💁‍♂️dusk / daily Hey there! 😊 ▫️ In the daily timeframe, as you can see, following the breakout from the downtrend line, the price has been accompanied by positive reactions from the $0.11 range. Currently, it is trading around the price level of $0.1200. An expectation we can have is that if the support range between $0.11 and $0.1060 holds, we might witness positive fluctuations toward the resistance levels, as indicated in the image above.💹 ▫️ Additionally, if the price falls below the support ranges and maintains itself below, there could be a higher likelihood of a more significant correction. ✨What's your opinion? Do you agree? 🔵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!🙌✌
by SasanSeifi
SasanSeifi 💁‍♂️BTC daily / updateIn the daily timeframe, as you can see, based on past analysis, after a correction from the important resistance zone, the price started moving positively and is currently trading around the price range of $26,900. From a technical perspective, the previous report remains valid, and in the long term, we might witness a price correction towards the correction targets in the price range of $22,600. Currently, the key resistance levels ahead are $27,300 and $27,800. Possible scenarios to consider are as follows: If the price manages to break above the important resistance levels on the daily timeframe and holds above them, there's a possibility of further growth towards the liquidity zone at $28,200 and the supply area at $29,200. In this case, keep an eye on how buyers respond, as a confirmation of selling could result in a price rejection.❗ On the other hand, if the momentum weakens and confirms on lower timeframes below the resistance levels at $27,000, we might observe a price correction.❗ ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ previous analysis👇
by SasanSeifi
25.8-25.9K targetMorning folks, Any rally are rejecting fast due to overall fundamental background. And this is not surprising when you have 10-year yield around 4.6% (which will be 5% within a month, we think) and collapse on stock market. As you could see recent rally has been rejected fast. Now we have few targets, but nearest one is based on bearish engulfing pattern, which we treat as the nearest one. It creates Agreement with Fib level. Thus 25.8-25.9K is the nearest thing to watch...
COINBASE:BTCUSDShort
by Sive-Morten