Bitcoin Holding Above 20k For NowCurrently looking at the Weekly Bitcoin chart, we can see it's still holding above $20,000 which is good for the short term. Although the Fed just announced a 0.75% bp hike and still possible 0.50 to 0.75 hike in the future so we're not quite out of the woods yet.
The next major support for Bitcoin is still 19k.A lot of people believe that 20k will hold but I believe market makers still see a lot of liquidations below that and will wick down to at least 18-19k. The descending wedge has support levels near 19.5, 19, 16, and 12k. The biggest level coinciding with the horizontal support is 12k so I could definitely see us heading towards that level over the next couple of months if the macro environment doesn't improve.
The Whales buy-sell indicator is still flashing a sell and we are still below the 200 EMA. Two indicators I'm looing to turn positive before I choose to start buying. If we do pump, the next minor resistance I'm looking at is 25k (the previous wick down).
If you have any questions about my TA or indicators used, please comment below or send me a DM :)
Technical_analysis
$ENJY entry PTs .21 Next Target PTs .33-.38 and higher Long termEnjoy Technology, Inc. operates mobile retail stores in the United States, Canada, and the United Kingdom. It assists consumer in evaluating and selecting a range of accessories, media subscriptions, device protection, broadband, and other services. The company was founded in 2015 and is headquartered in Palo Alto, California.
$BTTX entry PTs 1.30-1.40 Long term PT 17-50 and higherBetter Therapeutics, Inc. engages in developing software-based prescription digital therapeutics (PDT) platform candidates for treating diabetes, heart disease, and other cardiometabolic conditions in the United States. Its lead product candidate in development is BT-001, an investigational PDT platform that uses digitally delivered Nutritional Cognitive Behavioral Therapy to treat type 2 diabetes. The company's products under development also include BT-002, a PDT that help patients with hypertension improve their blood pressure; and BT-003, a PDT that help patients with hyperlipidemia enhance cholesterol levels. Better Therapeutics, Inc. was founded in 2015 and is headquartered in San Francisco, California.
$CMRA entry PTs 2.25-3 Long term PT 30 and higherComera Life Sciences Holdings, Inc., a preclinical stage life sciences company, develops an internal portfolio of proprietary therapeutics that incorporate its proprietary formulation platform, SQore. Its SQore platform is designed to enable the conversion of intravenous (IV) biologics to subcutaneous (SQ) versions. The company is advancing its primary product programs, CLS-001, a preclinical stage biobetter for Crohn's and Ulcerative Colitis disease, and CLS-002, a preclinical stage biobetter for various oncology indications. Comera Life Sciences Holdings, Inc. was founded in 2014 and is headquartered in Woburn, Massachusetts.
#ETH/USDT DAILY CHART UPDATE !!Hello, community members welcome to another ETH/USDT chart update.
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As we can see from the above-mentioned chart that another low has been printed by ETH.
ETH is been in consolidation mode for the last 218 days in a falling expanding channel.
ETH currently trading on a lower trend line support, a quick bounce is likely in upcoming days towards the price level of $1800. This will be a relief for bulls for short time.
Let’s see how ETH performs in the upcoming days.
Candle close below the lower trend line support will lead ETH to print its new low which can be $750.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
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As we can see from the above-mentioned chart that BTC is on the way to printing its other low.
Bitcoin has Been Consolidating in Descending channel pattern for the last 244 days.
if BTC is able to sustain and holds this lower trend line again then we can see a fast recovery towards the price level of $34k which is the price zone at the upper trend line resistance.
The candle close below will lead BTC to print another low which can be $12k - $18k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
QIUSDT Analysis after Strong Breakout QI/USDT recently broke out of its month-long range, with strong volume. QI is now sitting at a bull flag and a new trendline in the 1H, that can strengthen the new uptrend. RSI is not looking ideal, as there is a bearish divergence, but it is not confirmed yet. 9-EMA is bullish.
QI can continue rising higher if it breaks 0.218(green line in chart).
After the breakout, a good short-term target would be 0.300, as it is a "milestone" number. A good stop loss would be at the bottom of the bull flag or the trendline.
Do note though, that we are in a bear market. This may decrease the profitability and movement of this cryptocurrency. Keep an eye on the price and RSI for the bearish divergence.
Do your own analysis first before trading, and have a good day.
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
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As we can see at the above mentioned chart that till now BTC recoverd well and bounce almost 4.5% from the support level after printing a low of $26800.
Currently BTC is trading below the resistance level 2hrs left for a candle close.
Candle close above will be great for bulls and it can rally towards the price level of $29k.
Rejection from this level will lead BTC to its lower levels which are $22k to $19k.
Let’s see how BTC performs in upcoming hours and will it be able to recover more or will get rejection.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
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As we can see at the above mentioned chart that BTC just broke its crucial support level and now heading towards its lowest price level $26700 since last 31 days.
Here bulls need to take charge and show some recovery in BTC other wise loosing the $26700 will end up things and lead BTC towards its lowest price level which is $19k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC AT IT'S CRUCIAL SUPPORT, WHAT'S NEXT?Hello, community members welcome to another BTC/USDT chart update.
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As we are again witnessing the uncertain dump in BTC, it is again unable to sustain the price level of $31500 and losses almost 11%.
BTS is currently trading on a green support zone, here green zone and the lower trend line are the crucial support range for BTC.
If BTC can hold the support range and prints any bullish divergence, BTC will recover soon, but a candle close below will lead BTC to its lower levels which are $25500 - $26500.
Let’s see how BTC prints the upcoming candles and how ALTCOINS reacts.
If BTC holds this level then an interesting week ahead to watch.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 1HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
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As we can observe from the above-mentioned chart that BTC in LTF trading inside a channel pattern and touched the lower support zone again and bounced.
Although HTF BTC is at the accumulation phase, BTC will again gain some % to rally upside towards the upper resistance zone or trend line.
Here nothing much to tell in this chart until BTC is able to brake the upper resistance trend line.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Bulls and Bears zone for 06-09-2022Yesterday afternoon sellers were in full control and to maintain this momentum, sellers will need to defend Fibonacci 50% level.
Any test of ETH session Low could provide direction for the day.
Level to watch 4100 ---4102
Report to watch :
US:EIA Natural Gas Report
10:30 AM ET
#ETH/USDT 4HR CHART UPDATE !!Hello, community members welcome to another ETH/USDT chart update.
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As we can see at the above mentioned chart that ETH still trading inside the falling parallel Chanel pattern and following the mid support well.
Here ETH again moving towards the upper trend line resistance.
As BTC moving in a side ways market and ETH following too.
A candle close below the lower mid trend line support will lead ETH again towards the lower trend support.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.