ELON
BITCOIN - Is It Time For Take Off?The last time we analysed Bitcoin, we were at the the 34K level calling shorts back down to 30K. We have almost approached 30K now where we have previous price action.
If we hold the 30K level and bounce from here, we can possibly see ourselves revisiting the 36.4K level in the coming week.
Trade Plan:
- Wait to see if 30K holds.
- Watch for descending trendline break on lower timeframe (See chart update for lower timeframe analysis)
If we break below the 30K level, we could see lows of 27K.
DOGECOIN - Are We Going To The Moon?Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
SHORT PLAY:
Watch for 0.16 to break and then enter on the retest.
LONG PLAY:
Wait for price to break the descending trendline and look for bull flags to take it higher.
Doge breaking trend line in upcoming days. If Doge manage to break trendline then I shown you the sell point (If you have DOGE in your portfolio), and if you want to buy DOGE then buy when DOGE breaks to downward at given point. Correct me if I am wrong, I am a beginner.
Tesla breakout in mid august?If tesla is in a triangle and breaksout in mid August between 10-12 (note that last years stocksplit announcement was in 11 August.) then I would say Tesla would rapidly go up until the beginning of September and then drop again just like last year. That would mean my projection of $1400+ would be reached in 2 weeks which Tesla is know for having done before. Tesla follows the wyckoff pattern and has done a massive accumulation for many months now and will cause an even greater markup to distribute the bought shares by smart money at the top. Elon musk said that the company would perhaps have their company meeting in late July or early August which means that something could be decided then which could spark a move up.
This is not Financial advice only speculations.
Please comment any thoughts
BTC bullish short term scenarioAs we can see we are getting closer to the triangle apex... will it break up... i think there is a possibility because we had a looong time of chop and everyone got bored of this lazy PA. === someone was accumulating. So some move i expected.
This is not a financial advice... i am posting it only for educational purpose.
DOGE > Trendline Breakout > To the MOON?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of DOGE.
According to my technical analysis, Doge will go up as it just broke a major trendline and we are expecting a retest to the trendline.
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
DOGE.DOGE looks like a buy for the first time in months as a multi-week resistance line has now been broken on the daily and weekly charts.
Bulls will need this week to confirm a full body candle close outside of the trendline as well as maintain above 0.2346.
As of this moment DOGE is a low risk long but if price breaks below 0.2346, I would go ahead and exit the position and look for re-entry along the downward sloping line that should serve as a support area now. However, a break back into the downward sloping green trendline (on the weekly) would be bearish and one should refrain from seeking any longs if this were to happen.
BTC LONGSBTC longs to 35k... The analysis is based majorly on price action and trends. Not financial advice though.
$TSLA is priming to lift off No news yet but Tesla looks ready to push toward new levels by the end of summer. Currently we sit in a bullish flag which could result in new all-time highs.
Chances are we could see one last retest toward $560 before finding enough fuel to breakout unless we see critical news released over the weekend (attention toward the plaid).
DCJ
Possible DOGE short term bullish movementSqueezing. May be a bullish breakout, or maybe just short term wave up.
SL: 0.2563 (immediatelly trail if in profit, it´s better to be breakeven stopped than in a loss)
Limit BUY @ 0.2448
TP1: 0.2775
TP2: depends on
DISCLAIMER: not a financial advice, just my subjective personal perspective.
Trade safe!
DOGE Long Term PathA large up channel has acted as support on the bottom of the channel and resistance at the top of the channel, obviously. Within the last week, we saw a strong reaction off of the bottom of the channel. A break of the falling wedge to the upside may send DOGE to the top of the channel. The green circle highlighted at the top resistance line is a possible reversal area.
BTC why nut?We are still in a longer range bound compared to last year-ish but wen breaking out we could see 42k and beyond happening, or when breaking out we could look up the 24k area.
Elon candle| BTC massive trend reversal after Elon Musk's tweetIn this post, we are exploring the effect of "humorous tweets" by the Billionaire entrepreneur and CEO of Tesla, Elon Musk. In the recent past, his tweets had created quite a stir in the crypto universe. DOGEUSD had skyrocketed massively. Bitcoin tanked terribly after he tweeted that Tesla stopped accepting Bitcoin payments.
Just a few hours back, he has taken another humorous jab at BTC maxis by asking how many are needed to change a light bulb. Michael Saylor, Dan Held, Peter McChivo, and many more giants quickly joined the twitter frenzy to respond to Musk.
Many critics are calling out the SEC to take notice of his actions, terming them to be a clear case of market manipulation. The SEC is probing hard into the crypto realm, with the investigation with Ripple.
Elon had earlier stated that his company still holds $1.5 billion dollars worth of Bitcoins. It remains to be seen whether the tweets turn out to be the premise for a regulatory investigation.
As of now, BTC has already lost more than 4.2% of its market capitalisation post the tweet! And that does worry out the investors!
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ALTS MARKET CAN 10X-100X WITHIN NEXT 12 MONTH - CryptoManiac101ALTS / USD CRYPTO MARKET
I've said it before and I'll say it again... Crypto market of Alts has all the potential to 100X in current conditions and if we look at fractals, it is very much possible. And yes, I know that fractals do not guarantee repeated success, however if we take a look at this bull run, it is very reminiscent of the 2017 bull run, nearly identical in every move.
It's not my job to convince you of anything, I'm just here to show you what you might be missing or just not looking at.
Previous Chart
A BTC's Beautiful Upward momentsSo after a series of dump, we're looking at an organic BTC's growth with no fundamentals. Btc is at resistance after hitting the $40k price. i'm expecting a slight dump to $35k - $37k before a upward bullish run.
DYOR
Not a Financial Advice.
$300K BITCOIN INCOMING? ***DISCLAIMER***
IM NOT 100% SAYING THAT BITCOIN WILL HIT $300K ANYTIME SOON... THIS IS JUST FOR FUN.
The BTCUSD LOG chart shows the channel we're in and where we're currently sat. Yes, the picture looks bleak right now. Yes, the big players have bent the majority of us retail traders/investors sideways. And yes, I need some Adderall and sleep.
But, we **couldddddd** have an even bigger move yet to come. This chart locks the price target at $280K for OCT/NOV 2021. Realistically, don't listen to me. I'm giving you all some hopium.
But no, honestly, the road ahead is going to be impossibly hard to fight on. We have to accept that a longer bear market is inbound. Likely near-term (relative) price targets to the downside are still $25K with the lowest likely price at $12K for the bear market bottom. If we are to fight along slowly out of this to the upside then $42K, $45K, $48K and $50K are all targets to overcome. Praying Michael Saylor comes out like the second coming of Jesus (PBUH) to take me out from under :(
Bitcoin trend two possible waysAs we can see in the 1D Bitcoin Graph, has been showing some consolidation, trying to test resistance two times and yesterday support was tested. I see clear consolidation here, and I still see that the Head & Shoulders is printing on the 1D graph. I spect that #BTCUSD will still testing resistance and maybe support these days, and then breakout to print the H&S. A price close candle below the support $29688 will cancel this idea/trade and the next price to expect will be $19247 if that happens we will see a panic sell that could send #BTCUSD price to 13k-15k levels. Definitely im LONG here, since im a HODLER, if you are planning to trade daily or very short term, you shouldn't take this as a financial advice. I do really expect to see #BTCUSD price going to 100k+ this year.
Later
Mayo.
BINANCE:BTCUSD
Bitcoin bounce from support zone...After dropping to low around 29-32k zone, Bitcoin has clearly bounced from the support zone and may continue upside to the target on my chart...
Elon Musk vs BitcoinElon Musk is the new Donald Trump of the Markets.
As Elon Musk tweets go, so does the markets especially the cryptocurrency market, namely Dogecoin, Bitcoin & CumRocket among the main ones. (Trump had similar effects from his tweet as president of the United States on the stock market.) The billionaire and Tesla CEO has been have been specifically tweeting about crypto a lot recently affecting prices by up sometimes fewer than 80 characters and memes of dogs.
I am not sure what his game plan is most recently but Elon Musk have been driving the price of Bitcoin down relentlessly and with coordinated and precision attacks at some of the weakest low liquidity trading times. Musk’s tweets may not be for his own financial gains, but they are highly affecting crypto investors and he is attracting a lot of hate from the community currently for his actions.
My main questions are why is he doing it? Can anyone stop him? What will be the long-term effects of his actions? Could he be driving down the price so that us retail investors can hop on for a highly discounted ride to the moon?
