Bitcoin Trend Analytics June 22ndBTC still runs in the downward channel, coming back and forth under downward pressure; - same as yesterday.
We’re at a critical point of shifting toward consolidation from capitulation, however, if $19561.81 is broken, consolidation cannot be sustained and the bottom-seeking phase is easily compromised.
Breaking up and holding $22696.03 for 3 days is favorable for the market to consolidate and sees the bottom and then start building - needs time to be tested.
Intradaytrade
Bitcoin Trend Analytics June 21st BTC still runs in the downward channel, coming back and forth under downward pressure. Shorts take control.
The short-term key support is $19660.72 , breaking down of which will fail the bottom-seeking theory.
Only by breaking up $22682.13 and holding it for 3 days could the market enhance the consolidation and favor the idea of seeking and then building the bottom. - need time to be tested.
Bitcoin Trend Analytics May June 20th BTC still runs in the downward channel, launching a bottom-seeking phase after it recovered 2 key supports. (The 2 key supports target points were given on the chart of last Friday. )
The downward testing begins to converge, resulting in the price fluctuating under downward pressure.
Only by holding $22661.54 for 3 days could BTC valid the consolidation and could possibly shift from seeking the bottom to the building. - needs time to be tested.
Bitcoin Trend Analytics May June 17th - testing $20222BTC still runs in the downward channel, and $20222.47 is the key support.
Breaking up $23371.67 is a turning point from short to consolidation.
The market agrees on a support at $20222.47, while the next might come to $18053.68.
Yesterday the market began to seek the bottom but was not very optimistic. Monitor if $20222.47 could stand the test and rise up to break $23371.67 as well.
Bitcoin Trend Analytics May June 15th - risks accumulateBTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart)
The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp .
The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23.
Fed’s decision will be settled at 02:00 June 16th (UTC+8). Previous rate 1%; expected rate 1.5%. Lower than expectation, bullish; equal to 1.5%, slightly bearish; higher than expectation, bearish.
Watch out for the risks of high volatility at the time of the release.
Bitcoin Trend Analytics May June 13th - the massacre$BTC experienced a massacre, however, shows no resignation for now even after it touched the lower line of the downward channel ...
The expectation of the Fed’s adding 75bp climbs to nearly 30%, which could introduce another big short. Wait for more info from the fomc.
Monitor: $22309.06 has diverted to $21684.33.
The next key support is $18553.16.
#bitmidasdaily - We provide daily accurate target points analysis.
Bitcoin Trend Analytics May June 13th - What's Next?As we mentioned last Friday, BTC finally broke down the triangle and the downward channel, shorts take hold.
The newly released CPI of 8.6%, which is higher than expected, strengthened the expectation of adding interest rates. The market will be running under pressure.
The next key support is $22309.06
Bitcoin Trend Analytics May June 9th BTC is swinging around the center in the box within the triangle of the downward channel.
Box: $32120.81~$28186.09. Center: $29850.35
Longs and shorts flip violently. (Not a good time for trading as risks are more than returns.)
The overall movement is negative.
Keep monitoring the center and the key support.
US CPI stats will come out tomorrow.
Bitcoin Trend Analytics June 8th BTC will touch the upper line of the triangle, which is also the middle of the downward channel.
Box: $32189.97~$28209.81
Center: $30036.05
Long and short flips more often around the center of the box. Price holding above the center, bullish relief; otherwise, bears reign full control below. (Reference at 8:00 UTC+8)
Set protections on your position either side.
Target Reached - ADAADAUSDTPERP
Trade report :
open price : $0.58
Target - 1 : $0.6375
Current Price : 0.6381
Chart posted at the time of entry
Conclusion
Target -1 of our position triggered, started booking profits .... yea still final target is yet to reach but don't jump into this trade right now !! From target -1 to final target it is the for booking profits not to take trades !!
More trades will be published !
Note : I'm not a financial advisor
Bitcoin Trend Analytics June 6th - prepared to break the boxBTC is running in the box within the triangle of the downward channel.
Box: $31958.28~$28108.66
BTC will consolidate before breaking out of the box.
The short-term momentum is strong upward, but do remember we're in the downward channel of the mid-term.
Always set protection on your orders.
MATICUSDTPERP Intraday trade setupThis is my Intraday trade setup for MATICUSDTPERP , as of now market sentiment is clear it's continuing downward rally but i believe there gonna be another relief rally!! Let's see
Make note that even thought price is in my trade entry range !! i haven't entered into trade cause there's one thing which need to get triggered so that i'm gonna enter !! I'll update that .
Note : Not a Financial advice.
Bullish Divergence MATICUSDTPERPMATICUSDT forming bullish divergence , can we see relief rally here ......
I'm gonna post my Intraday entry and target points in update section soon !!
Note : Not a Financial Advice
AUDCHF I Short-term Short Opportunity Welcome back! Here's an analysis of this pair!
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Bitcoin Trend Analytics June 2- back into the box BTC fell back into the box within the triangle of the downward channel;
Box: $30546.98~28271.81 ;
$30079.47 is a struggling point of the day. Only by holding above the line for 24hours could BTC retain a long momentum or shorts dominate.
Keep an eye on the key support. Don’t act in haste.
Shrinking on the B/S took effect on the market. Wait for the FOMC on June 16th.
Bitcoin Trend Analytics June 1st - lucrative for bothBTC will challenge the upper line of the triangle, the middle of the downward channel.
The price held the bounce-off support yesterday. As long as this support is not broken, BTC will spring from there across many resistances upward and then consolidate.
Long in the short-term; bearish in the mid-term. Both sides have room to operate by making use of the target points.
Bitcoin Trend Analytics May 31st - gaining forcesBTC broke out of the box with forces turning upwards;
Supports on 1day frame consolidates and is ready to challenge up higher;
The day-frame trend is still bearish. The price has not come to a reversal in the downward triangle.
Still waiting for the stats of the next FMOC.
Bitcoin Trend Analytics May 30th - Range established1. BTC will further consolidate in the triangle within the downward channel
2. The consolidation range keeps contracting now to
Upper at $31086.55
Center at $29660.15
Lower at $28138.54
3. Rules of consolidation
If the price holds the center, BTC will surge when it comes to a breakout; and vice versa. (The market force changes dynamically, calculated every 8:00 (UTC+8).
4. Multiple price points formed with a spread of less than $1000. Longs and shorts will flip more often at the center.