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Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving in the local uptrend channel. Let's start with the support line and as you can see the first support in the near future is $23542, if the support is broken then the next support is $23364, $23124 and $22810. Now let's go to the resistance line, as you can see the first resistance is $23635, if you manage to break it, the next resistance will be $23893, $24099 and $24315. Looking at the CHOP indicator, we see that there is a lot of energy that is being used for the current increase, the MACD is on the verge of entering a local uptrend, while the RSI indicates a rebound and room for further increases.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $1562, the second support at $1468, the third at $1392, and then we can mark the strong support zone from $1319 to $1208. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $1666 which is the so-called golden point of 0.618 Fib, the next resistance is at the price of $1827 and then the third resistance at the price of $2032. When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy has been used. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a rebound on the RSI, but we remain in an uptrend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 23,361 to $ 22,779, but when we fall below this zone, we can see a drop to around $ 21,883 and even $ 20,406. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $23,769 to $24,209, when we manage to break it, we have a second zone from $24,445 to $24,744. Once these two zones are broken, we will move towards resistance at $25,121 and then $26,221. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
GBPAUD I Correction and bearish continuationWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
16
Still watching for 25KMorning folks, So, it seems that markets have heard only "disinflation" word from JP and missed everything else. We think that recent Fed comments were hawkish enough and euphoria will exhaust soon, when mispricing becomes obvious. Meantime nothing has changed in our mid term view - we're watching for reverse H&S on weekly chart and upside butterfly on daily chart with 25K destination point. Currently we do not consider long positions on daily and above time frames. Still, on intraday charts it is possible to consider. For example, on 1H chart we have another butterfly that leads to the same target. If NFP brings no negative effect, market could keep going to it. We have no resistance levels until this target. Thus, minor bounce to 22.25-22.30K area could be used to think about long position. Now short positions by far as well
COINBASE:BTCUSD
by Sive-Morten
2
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $22985, if the support is broken then the next support is $22774 and $22601. Now let's move to the resistance line, as you can see the first resistance is $23040, if you manage to break it, the next resistance will be $23213, $23381 and $23624. Looking at the CHOP indicator, we see that we have a lot of energy for a new move, the MACD indicates a local downtrend, while the RSI is moving around the middle of the range in a local downtrend.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is moving in the channel marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $1576, if the support is broken then the next support is $1557, $1542 and $1527. Now let's go to the resistance line, as you can see the first resistance is $1607 where the price turned around, the next resistance will be $1623, $1647 and $1678. Looking at the CHOP indicator, we see that energy has been used for the recent move, the MACD indicates a local downtrend, while on the rsi we see a rebound after a rebound.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, I invite you to review the chart of BTC vs. USDT on a four-hour timeframe. As we can see, the price is moving in the local pattern trend channel. Now let's move on to marking the support points that the price has in case of further declines. And we can see that the first support is at $22955, the second support at $22679, if the price goes lower we can see a drop to around $21873 in line with the pattern being formed. Looking the other way, in a similar way, we can determine the places of resistance that the price has to face. As you can see, we have the first resistance at $23,305, the second resistance at $23,509, the third resistance at $23,663, and then a strong resistance zone from $23,842 to $24,078. It is worth watching the EMA Cross here, because we can see that the red EMA Cross 10 line turns around and when it crosses the green EMA Cross 30 line from above, we can see the entry into a downtrend. The CHOP index indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a healthy rebound, which may make room for new increases.
by cryptodailyuk
1
23.3-23.5 is a control levelMorning everybody, BTC now has no technical barriers for upward action to our major 25-25.5K destination point. Its not at overbought and has no Fib resistance levels ahead. Still, we have tough week with multi central banks decision, NFP and other stuff. And some external factor intruding could hurt bullish tendency. In nearest term, we think we have to keep an eye on 23.3-23.5K area. BTC should not break it down, if upside context is valid. Scalp traders could consider long entry around it and 5/8 level of 22.5K. But for daily traders I would wait for major pullback out from 25 K resistance but not consider long entry right now.
COINBASE:BTCUSD
by Sive-Morten
SWING TRADING: USDCAD BUY LIMIT ORDER. TARGET 1.35670TRADE TYPE: BUY LIMIT TRADE DIRECTION: LONG TIMEFRAME: DAILY ENTRY PRICE: 1.34380 STOP LOSS: 1.33100 TAKE PROFIT: 1.35670 RISK TO REWARD: 1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low. Follow this thread for any future updates regarding this specific trade. CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
Long
by FX618Analysis
1
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $23003, if the support is broken then the next support is $22846, $22700 and $22480. Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698. Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.
by cryptodailyuk
Daily review of ETH interval 4HNow let's move on to the chart of ETH against USDT, also on a four-hour time frame. And here we can start by identifying with the yellow lines the triangle in which the price is moving. Going further, we see that we have the first support at $1602, the second support at $1579, the third at $1560, the fourth at $1540 and the fifth at $1514. Looking the other way, we can also identify places where the price may encounter resistance. And here we have the first resistance at $1613, the second resistance at $1628, the third at $1648 and the fourth at $1675. As we can see, EMA Cros indicated entering a local downtrend, but now it should be observed whether EMA Cross red 10 will cross the green line from below, which may be a confirmation of entering a local uptrend. The CHOP index indicates that we have more and more energy for the next move, the MACD indicates entering a local uptrend, while the RSI has changed the direction of the trend to an upward one.
by cryptodailyuk
US100 Daily analysisHi Traders Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
ULong
by faddy
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near term is $22972, if the support is broken the next strong support is at $22439. Now let's move to the resistance line, as you can see the first resistance is $23211, if you manage to break it the next resistance will be $23430, $23605 and $23780. Looking at the CHOP indicator, we see that most of the energy has been used up, the MACD is close to entering a local uptrend, while the RSI indicator is moving at the upper end of the range, which may indicate a small correction.
by cryptodailyuk
1
Better to sit on the handsMorning everybody, So, overall tendency and sentiment is positive on BTC market (although we're skeptic on major reversal idea due to fundamental reasons). Technically market should not have any big problems to reach 25.5K area - next solid resistance. But, there few moments that make it tricky. First is, as EUR as Gold now stand at strong resistance areas. EUR is at 1.0942 weekly 50% Fib level, while gold is at 1950 monthly overbought. Second - today we get GDP and PCE numbers. If they will be poor, investors will be scared of recession that will trigger demand for US Dollar, at least in short term. That's why, by these reasons, and also because here, on 4H chart we also have some signs of weakness, we prefer to wait for some pullback.
COINBASE:BTCUSD
by Sive-Morten
2