BTC: STILL IN UPTREND IF HOLD THIS LEVEL!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. In my previous BTC update, I told you that if BTC does not hold 100D MA ($42k) then be ready for $38k-$39k so everything goes as planned so far.
So what I'm expecting now?
As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel. So I'm expecting a bounce in the market from this level and making another Higher low.
If any daily candle closes below this channel then this scenario becomes invalidated.
Let's see if BTC holds the $39k level or not.
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Higherlows
BTCUSDT needs to create a new Higher HighBitcoin close above the 40k on the weekly perspective, it's a good sign.
On the 4h time frame, the price failed to create a new Higher High of 43k.
We could see a bullish scenario if the price is going to create a new higher high with volume and confirmations as I told you in the previous analysis. on 43k we can see the supply zone.
Otherwise, if the price is going to lose the 40k support and retest it as new resistance, the next support is the 37k.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
5 consecutive higher lows w/ hidden bullish divergence - BTC 4HR5 consecutive higher highs as BTC has broken out of a slightly ascending wedge pattern. There is hidden bullish divergence (MACD and RSI) now developing between the last two lows. This is all looking pretty bullish for BTC in the near term.
BTCUSDT needs the new Higher High!the price had a nice reaction yesterday due to the FOMC and now the market is testing the weekly resistance as new support 40660 it's an important level for Bitcoin.
On the Daily timeframe, the price is trying to create a new Higher High above the 4h resistance (42k)
On the lower timeframe (4h) the price is trying to have a new breakout from the pennant.
How to approach?
The price needs to create a new Higher High on 4h Timeframe above 42K with confirmation and Volume. Otherwise If the price is going to lose the 39k, The previous scenario (the short one) comes back and the next valid support is 34-32k
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BATUSDT is searching the new higher lowThe price created a dynamic resistance on the daily timeframe and after a retest of the monthly support, the price had a breakout from the static daily resistance.
On the 4h Timeframe, the price is testing the 4h resistance on 0.75$ and got the first rejection. We could see a retest of the support on the 0.72$
how to approach?
If the price is going to confirm the breakout, we can add to our watchlist and wait for applying our rules for a new long position
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Bitcoin Targeting 35k Zone For A Higher Low When looking at the chart above you can see Bitcoin has now broken through the previous support and turned it into resistance, shown as the yellow line. The RSI has made a lower high which shows bearish divergence. We can expect another 10% - 14% drop for an attempt at a higher low. If we manage to create a higher low. Let's watch these zones and remember 32.9k is the level we need to stay above or it can get very bearish.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.
Atom Cosmos Next Triple Bottom?BINANCE:LINKUSDT
Hello Traders,
Atom is trading in ascending channel making higher highs and higher lows. Atom formed triple bottom during may-august and price increased 150% after breaking out of 16-17 support zone. Atom has been trading between 18-44 starting from September and forming a potential triple top or triple bottom which are reversal patterns. There was a 130% price difference between support and resistance zone bak in May-August period and we are observing approximately the same difference between support and resistance zones September-January period.
If the price breaks above 45 I would open a long position and would expect at 100-150% increase in prices (80-100 USD).
First TP 55
Second TP 75
Third TP 100
If not we could see new higher low somewhere around 25-26 USD, again which would be a good price levels to open a long position.
Overall, Atom Is strong against Bitcoin and if there is a minor increase in bitcoin prices we could see 2-3x in Atom prices.
Good luck and trade smart! (not a financial advice)
Please like and share if you like my idea.
Trade using EMA, Pin Bars, Trend Lines, Higher Highs Higher LowsPin Bar Is Present On The H2, H3, and H4 Chart. This is a strong indication of a bull market. When this chart pattern occurs, look to enter long positions.
Trend: Up
Level: EMA 10 Level, EMA 20 Level, Horizontal Level
Signal: Pin Bar
Trade with multiple factors in your favor. In a bull market, look for pin bars, rejection candlesticks, EMA 10 above EMA 20, up trend, and higher highs higher lows.
Trade Using Exponential Moving Average and Trend LineHigher Lows Are Represented By Diagonal Trend Line
Lower Highs Are Represented By Diagonal Trend Line
After Price Closes Above Diagonal Resistance Line (Lower Highs), Enter A Long Position. Enter using the closing price of breakout candle. Enter a second long position when price forms a rejection candlestick wick in the EMA 10 EMA 20 Area. Enter using the closing price of rejection candlestick.
H2, H3, H4 Chart. EMA 10 is above EMA 20 in these chart timeframes. EMA 10 Above EMA 20 on multiple timeframes is a good indicator that the market is bullish.
KINUSD Bullish Shark Re-entryThe first entry has faced some resistance but it looks like it's providing a second entry and still making higher low and potentially triple bottoming with RSI divergence at every turn this will be the final stand for the bullish entry.
4hr Bullish Engulfing Higher Low Above Bullish Shark PCZThe price and the RSI are attempting higher lows above the PCZ of a Bullish Shark and the 4 Hour is Bullishly Engulfing if price may attempt a breakout of the trendline after the closing of this Engulfing Candle and the RSI will attempt a rally above the 50 line.
My targets here will be the .786 and .886
Daily Trend shows Bearish however, 1H is showing a HHs and HLsAt the circled area, price is currently trading at SUPPORT AREA, looking back we have been able to identify several retest/break-out.
Things to Expect:
Bullish;
If price can buy above 0.73161 then we are seeing a buying opportunity.
Bearish;
If price breaks below SUPPORT AREA, to trade below 0.72825 then we have a Sell to the next SUPPORT AREA.
My Strategy Works On All Markets and All Time FramesPrice closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line.
In this example, there are three higher lows moving into a diagonal resistance level and a horizontal resistance level. Price broke through those two levels and retested those levels with a pin bar. After the break and close above the horizontal and diagonal level; those levels became support.
Entry is the closing price of the pin bar. Target price is the previous swing high.