Some TA and Fundamentals to keep in mind for DIP buyers Hello all.
Today we'll be looking at some of the things i am concerned about trading the current bitcoin price action.
I have written most of my thoughts in the charts.
Some other things you should keep in mind are -
Bitcoin dominance has acted very suspicious since the dump to 20k its not giving me confidence.
Ether dominance has gone up significantly and has gained significant market share. The flippening could happen - so thats a thing y'all should keep in mind.
Short term price action on bitcoin is absolutely brutal - There are no easy levels to trade here other than 18k and 24k.
It's a big range choppy price action , and i think macro is playing bit of a role in the current btc dump.
Over all if you are bitcoin believer know how to manage your risk - We all know how brutal bitcoin dumps can be.
All the best guys - my trade idea on how to DCA for this is written in chart.
The bitcoin halving is 625 days away! That's a long time and a lot of stuff can happen during this time!
Dip
btc next move. trend line support and breakout.BTC is moving with a nice momentum candle for days and by far we have an uptrend as you see in the chart. the trend line supports the uptrend and it also follows the rules of the trend line.
next, will it break?
before breaking you can see the red box, it is an order block (supply zone). so we will touch the red box and then push it downward. the red box drawn is not perfect because it is small and was hard to include in the picture so I made it a little bit bigger. and the order block is in a higher time frame. so we will touch the supply zone and push it down.
when push down we will have enough force to break the trend line and we will take another long in 1 h order block from down.
This bottom is due to an obvious multiyear support...It is tricky to say if it is "THE" bottom.
And it is easy to imagine lower bottom, which would better suit to the actual bleak economy forecasts.
Btw I am not gonna take any decision based on these soles charts.
I need much more data...
It is an update of my last post:
INFO EDGE(NAUKRI.COM), PATH!! BREAKOUT!!i am waiting to trade on a good breakout, on the 1st week of November.
Naukri, is a good stock.
PLEASE do have a good look at the colours.
1. the two dark black lines are the actual target what i am aiming for.
2. the dark purple line is the resistance which is tested multiple times.
3. minor blue lines are the levels, where one should look at buying for dips, or buying for averaging out(if stock is in short run).
MOVING AVERAGES ARE JUST FOR REFERENCES, FOR A SMALL LOOK AT IT! ITS NOT SAYING MUCH
FIBONNACI RETRACEMENT LEVEL OF 0.618, GREAT SUPPORT TO BUY.
HDFC, FIBONNACI RETRACEMENT!!HDFC is currently, very undervalued. no doubt to buy this stock in every dips.
FIBONACCI, in its 0.618 area, great time to buy, on Friday, it has given about 2.25% rise(so now its great time to buy).
same uploaded for HDFC BANK also(check the link section).
Bitcoin Volume TransactionThis laterely the biggest #volume transacted in the the history of #bitcoin obviously they can't hide their activity with volume ( There is an #iceberg order ) Sitting on the #ASK absorbing all the buyers activities it is early to say we reached the #DIP , Laddies and gentelman we have a #Compositeman situation here
BTC/USDT (1D) - Struggling to get higher, Rising wedge formed ?Hi Traders and Crypto Investors...
As You can see, BTC and entire Stock market is moving UP for recent 4-5 weeks.
Is it Impulsive or Corrective move ?
In my opinion its Correction or partial Short-take profit and re-entry of Shorts, after 50% bounce from Lows. (Around 17k at big exchanges, some small exchanges BTC touched almost 14K.)
So according to Technical analysis of smaller Timeframe like 2H-4H we are forming Rising wedge with ending diagonal in wave c.
More detailed count is attached.
Why do I think BTC will continue to Fall ?
= Coming recession in China / US / Europe. (Check fresh data from CHina = Economy slowing, Housing market BIG problems, central bank decreased interest rate by 0,1% today...)
= Dollar Index is forming Bull Flag. (Chart Attached). = Risk OFF mode for everything.
Let me know what is your opinion, or post your Wave count.
Have a green day ;)
PYPL: Can Hedgie change fortunes?PayPal
Short Term - We look to Buy at 78.86 (stop at 71.88)
Activist hedge fund Elliot Management reported to have increased stake. Price jumped 6% in premarket. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. We look to buy dips. Further upside is expected.
Our profit targets will be 99.79 and 104.00
Resistance: 100.00 / 123.00 / 154.00
Support: 75.00 / 60.00 / 40.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC going down soonBitcoin is currently at a critical point. Technically and fundamentally BTC is bearish and we may soon see the levels of 15K, 12K or 10K. In extreme scenarios it can go even towards 7.5K levels. There is no long opportunity yet. We may see some fakeouts but priority remains bearish for the moment. upper mentioned levels are critical and closely be monitored.
Bearish flag pattern and bearish scenario at macro level is what makes BTC to fall down. stay tuned for followup analysis. Thank you
ETH taking dip soonAs BTC is making fakeouts and there has been profit taking by the investors. Same scenario will be followed for the ETH. Any pump might lead towards the dump as in bearish cycle, each and every pump is for short term profit taking and then dumping the price. ETH has also been making a classical bearish flag pattern plus the fundamentals are also aligned.
Check the critical levels mentioned in the chart.
After a fake breakout, check for the test of 50MA and monitor on the 4h time frame for short entries.
Short entry from 1350 to 1400
SL 1540
TP 1100 to 1020
I will also post the followup posts. Thanks
It's not looking good for the haters in the comments.This chart hasn't been touched in months and i'm pretty sure my bottom call is spot. Hater's think otherwise.
History tends to repeat itself and I don't think things are much different today than they were in the previous cycles. We continue to win.
Macro over everything.
Descending Triangle Defense Set Up!EUR has been shorting from Top of the week.
With a early morning SPIKE to the upside Euro was very volatile.
Price has finally settled back into the trend and we should hit our TA.
The DXY is set up to soar today unless we get NEWS.
We know when the DXY SOARS the EURO DIPS!
As always never over leverage.
Trust your trade set up.
Have fun!
Bitcoin Cash Adoption Continues to Swell WorldwideBitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.
Bitcoin cash is also accepted at Burger King St. Kitts and the island’s Panda Supermarket accepts BCH. In St. Kitts, the crypto asset is further accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.
Merchants accepting bitcoin cash are prominent in a number of other regions worldwide including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of the companies that take BCH for payments are accepting the digital currency directly, rather than using a third-party or payment processor.
AUDJPY: Dip buy offers better rewards?!AUDJPY
Intraday - We look to Buy at 91.50 (stop at 90.60)
Previous support located at 92.00. Previous resistance located at 93.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 91.50, resulting in improved risk/reward. A move through 93.00 will confirm the bullish momentum.
Our profit targets will be 93.50 and 94.00
Resistance: 93.00 / 93.50 / 94.00
Support: 92.00 / 91.50 / 91.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Relief rally on thursday, new low on fridayI think that there will be a small rally after newest dip and that another drop will wait until friday (circle). After this dip with new lows we will hopefully stay in this channel and try to break out again.