BTCUSD - Trendline will be violatedThis just looks like an easy bear trap. A nice set up for a potential long violating the trendline.
Hodl
Bitcoin Weakens, Support HoldsMalaise is still permeating the crypto market. Bitcoin does appear to be holding the mid-upper $40K well. It continues to find support at $46K, which appears to be the lower bound of perhaps a large bear wedge forming. We should have good support below from a cluster of levels around $45K, but after that we may see support from $43.8K after crossing a vacuum zone. The Kovach OBV is rounding off suggesting momentum is drying up further.
Solana Decouples From Bitcoin ATH
The high-throughput blockchain’s SOL token has enjoyed an impressive bull rally over the last month. The tenth-largest cryptocurrency by market cap has gained more than 270% in market value, peaking at a new All time high at $133.
It is worth noting that the Relative Strength Index (RSI) suggests that Solana is trading at overbought conditions. More importantly, a bearish divergence appears to be developing between the rising prices and the declining RSI. For this reason, investors must pay close attention to the $78 support.
If Solana were to break through the $78 level, it could signal the beginning of a steep correction. Under such unique circumstances, SOL could dive towards $58.40, the level the asset topped out at in May. Slicing through this crucial demand barrier might see further downward pressure to $43.40.
Bitcoin Ranging 🥱Bitcoin is still ranging in the area between $46K to $50K. We are currently just under $48.2K, a level we have discussed many times here. Bitcoin has been respecting this range for a few weeks, and we feel its time it made a move either way. The $50K level has remained a barrier to Bitcoin and we must break this to be considered anything serious. We should have support from below in the $45K range as there is a cluster of three levels around here
#AYDEM long idea (AYDEM alım fikri)#AYDEM energy was in downfall for a while after IPO. A double bottom was realized. Now it is rising back. HODL.
#AYDEM enerji halka arzdan sonra bir süredir düşüyordu. İkili dip formasyonunun gerçekleşmesinden sonra yükselişe geçmiş ve şu an 7.38 desteğine tutunuyor. Yükseliş devamı bekliyorum.
NOT AN investment advice. Yatırım tavsiyesi değildir.
ETH 30 M PRICE PREDICTIONAfter putting the pieces together for what btc has been recently up to, i realized what ethereum was up to as well ;)
ethereum is in the midst of a wave 4 correction, within a triangle.
since wave 2 was quite simple, that makes this wave 4 complex.
to put it simply, look how beautifully ethereum has been hugging this pitchfork ~
when btc goes for the final dip between today and tomorrow to around 47k , ethereum is going to open a pulchritudinous window of opportunity for an awesome long setup.
don't miss it 💸
Wave 4 target = $3100
Wave 5 target = $4655
ADA $3.6 PredictionHere's a quick look at ADA 1 D chart. As we can see, the price has been holding the uptrend since 8th august and a break above 3$ will trigger another move to the upside. Definitely one to keep an eye on. The best entry would be, when the price breaks above the level shown in the chart with good amount of volume .
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The idea is: Buy the breakout from the level shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 3.60$
THE RESISTANCE LEVEL WILL BE HIGHLY CONFIRMED SOON
- As Profits can also be taken in the resistance zone .
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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Cardano is looking goodJust sharing my point of view, not giving any advice.
I have to tell you that cardano (ada) is looking very good, I'm expecting a new AH (=All time high) soon.
We can clearly identify the uptrend and @ the moment the bulls are in control, which gives me the confidence to break our current AH @ 2,50 euro.
Cardano is a company with a lot of potential, i'm expecting a next stop / resistance @ €3 (psychological level) ... but this won't be the last stop ... Ada has a lot more to give, i'm holding ada for the longterm.
BTCUSD +0.64% RISE RANGEBTCUSD 15M- MARKET ORDER
My 15 Minute BTCUSD market entry with absolute risk management.
BUY AT $48,000
Stop Loss will be determined when reach the $48,200 POSITION
After every trade is executed and open order, I will be taking profit to avoid any possible retest at $48,500 TO $49,00
IF YOU FIND THIS IDEA VERY USEFUL, PLEASE LEAVE A LIKE, FOLLOW AND SHARE...
CHEERS...
Bitcoin Tests Mid $40K'sBitcoin has weakened further, but found support at our level at $46.2K, to which you were alerted in yesterday's report. There is a cluster of support levels below, in the $45K range, but then a vacuum zone down to $43.8K if weakness persists. We may be forming a bear consolidation type pattern which could suggest we are gearing up for another selloff. But we are due to for a bit of ranging otherwise, and the range from $46.2K to $48.2K seems reasonable for now, unless we catch some momentum, which could bring us back to $49.7K.
Bitcoin Retreats from Relative HighsAfter making new relative highs not to long ago, weakness has pervaded Bitcoin again. It touched the $50K handle briefly, but fell back to its comfort zone in the $40K handle. It is currently finding support at $46.2K. It appears that all the good news is already priced into the crypto market, and the big moves have already happened. If we don't have any more positive news, then we should range between $46.2K and $48.2K at best. At worst, we could test support near $45K. There are three levels in this vicinity, but then a vacuum zone below to $43.8K
Bitcoin Rejects $50K!! 😨Bitcoin has retreated from highs in the lower $50K handle back down to the $49K's. Although it has rejected $50K, it is still showing a clear affinity for higher levels. We are just below the support level at $49.7K. If we break through this we will be testing $50.8K, which was the previous level of resistance from which bitcoin retreated. We have a very strong level at $48.2K, then a vacuum zone below back to the mid $40K's, so keep this in mind if momentum does not come through. The Kovach OBV was strong but has since rounded off suggesting that BTC is giving pause for the moment.
Bitcoin Hits $50K!!Bitcoin has broken out finally to $50K! It had been holding the range between $48K to $49K for some time, and was starting to round off. But momentum came through and this was a much needed lift. We finally have mustered the momentum to achieve $50K, which is a significant milestone. We will see if we have the momentum to sustain these higher levels or if it will reject $50K in favor of the $40K's. The Kovach OBV is very strong suggesting that the trend is bullish.
$50K Bitcoin??Bitcoin caught a bid off lower levels at $43.8K. It has broken through the curve bounding the 'rounding off' behavior. This plus the clear rejection of lower the lower bound of the price range is a bullish sign for Bitcoin. We won't be out of the woods yet until we can solidly break $48.2K. This is the upper bound that Bitcoin has respected since its recovery from the $30K's. We have one more level around $49K before we will make the ultimate test of $50K. The Kovach OBV was strong with the rally but has flat lined suggesting it has petered out for now.
$ADA szn resuming. I hodl strong and BTFD, did you?Part 1:
ADA Chart Update. SZN resume. HODL. BTFD. Not financial advice.
BTCUSD: Golden cross approachingI'm expecting some sideways trading in the range of 44k-49k in the coming week, possibly a brief push above 50k. Real uptrend to start when 50/200 MA ("golden cross") is reached. Late August will be paving the way for an extremely bullish September. Continuing my HODL strategy. Will buy more in case of an unexpected dip.
Weakness in BitcoinBitcoin has dipped to the $43.8K, one of the lower levels in a cluster of support levels in the lower $40K handle. We are clinging to support here, but Bitcoin is looking very weak. The price action seems to be 'rounding off' as illustrated by the curve above. We should find support at $41.9K, or at worst $40K. Our support levels mentioned align nicely with the Fibonacci levels: $43K is the 0.500, and $41.9K is roughly the 0.382 level. The Kovach OBV is gradually tapering down, so unless we see another burst of momentum we can expect more weakness.
Bitcoin Stumbles, RecoversBitcoin dipped last night and it appeared that we may have given up the $45K range. But we saw support quickly from just above our level at $43.8K. Currently we are testing $45.6K again from below. This is roughly the midpoint of the range between $45.2K and $46.2K. Bitcoin has established value here before, so we may anticipate it to do so again. But these levels have proven to provide significant resistance in the way of a rally, so be mindful of that in the event BTC catches a bid. After that, however we have a vacuum zone to $48.2K which is one of the final levels of the $40K handle. The Kovach OBV has dipped sharply in a divergence with the price.
Bitcoin Longterm PredictionBitcoin would rally into 100K USD
Big picture of Elliot Waves Analysis shows bitcoin would go to 100K USD
Currently we are at Wave 3 out of 5 waves
AMC - Banana Daiquiris for SELLERsOnce again, AMC begins the all important test of Support.
It will fail.
This Bankrupt J U N K has little support immediately below.
The Apes will begin to panic this week, creating a Vortex of
Selling pressure unimaginable to most.
Diamond Hands turn to dust, paper HODLers will jump ship
and that will send Price well below the most recent lows.
Chopping along at lows, ready for the break.
31.88 lets go and let the games begin!
Bitcoin Range-BoundBitcoin is holding a narrow range in between $45K and $48.9K. We are currently establishing value in the mid/upper $40K handle which is a good sign for BTC that it has not considered testing the lower $40K's or upper $30K's again. The longer we hold this range, however, the more likely a breakout will become. We could see support from $43.8K or $41.9K if we break down. Watch that vacuum zone below. If we break out, our next target is $49.7K
Bitcoin Testing Relative Highs!!Bitcoin is hugging the newly established upper bound at $48.2K. We may be seeing a double top forming, but it seems that there is strength in the crypto market and Bitcoin is establishing value between $46.2K and $48.2K. If we can muster the strength for a breakout then our next target is $49.7K, which is the last target in the $40K handle before we hit the $50K's. If we face resistance from here we have good support in the $45K range from a cluster of levels.
