BITCOIN (BTCUSDT), Crypto Market Update - Tues. July 27BTC did as expected and came back to the 36.6k support (check out the 5min mark from yesterdays video).
Now unfortunately we are seeing quite a bit of weakness with a lower high and potentially another lower high.
Bad Price Action looks like it wants to dump and break levels. 35k is the line to hold for me.
CME gap is acting against us as it is right below it.
Invalidation of the movement down is a 4hr above 39.3k or preferably 40k
We need to take out the June range high or all we have done in the past week is a Failure to make a Lower Low and Failure to make a Higher High.
Update
Bitcoin UPDATE - seems like Bitcoin likes the green wayHey guys,
here´s a quick update on my last post. It´s looking like Bitcoin chooses the green path after its explosive move to the upside recently.
Important levels of resistance lie ahead of us on the way back to new ATHs. It´s going to be a choppy road, as we can expect an increasing volatility over the next weeks. After taking out the 40-44k resistance area and confirming it as support, we are ready for the next leg up towards the 50k area.
I´ll keep you up to date.
Stay safe and have a nice day.
22/07/2021Just a minor update for BTCUSD on the daily chart.
Put some simple horizontals and the descending triangle we are currently in. I could extend the triangle but IMO the consolidation area I started the upper resistance from is good enough lol.
Thinking if we can break bullish from this pattern, we have a decent resistance at the red line, if passed then there are 2 volume nodes above that seemed to have held their significance so far.
The bearish break would see back down towards $26K region. Reasoning for this is the measured move although I don't think it will fall that far but the purple lines are major support we need to hold otherwise BTC goes down high teens.
(Personal opinion)
WATCHING $DKNG for ENTRY TARGET @ 40WATCHING $DKNG for ENTRY TARGET @ 40
I actually just posted on this one about a week or so again and after re-analyzing I'm lowering the entry target to 40.
————
I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry.
BITCOIN (UPDATE)Bitcoin is trading in downtrend channel and now retesting the major support zone of $30500 - $31,000. Also BTC is at the bottom line of the downtrend channel. BTC can retest the upper trendline of the channel which is around $33000 - $33200. If BTC break below the support zone then we see a quick dump and panic in market.
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BTC/USDTYesterday in the morning, sellers dominated, and the price of bitcoin renewed its July low around the level of 31589$. In the afternoon, buyers were able to stop the decline, restoring the pair above the level of 32500$.
By the end of the day, the price tested the two-hour EMA55, but until this morning the pair had not yet managed to rise above the average price level.
On the daily time frame, the Stoch RSI indicator lines have reached the oversold zone, but a buy signal has not yet formed. Perhaps, at the end of this week, the Bitcoin price will begin to recover to the resistance area of 36000$. In the near future, buyers will try to form a bullish momentum and break through the resistance of the descending orange line.
BITCOIN (UPDATE)BTC break the $34,000 area and dumped hard from there. BTC is now near the support zone of $32800-$33100 and need to hold above this support zone. If the support zone is broken then we will see more dump and a retest of $32000 is possible. The market is manipulated by whales and hunting stop loss both sides.
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BITCOIN (Weekly Chart)BTC UPDATE (Weekly Chart)
BTC has just been trying to push down during the last 8 weeks, bears trying to break and close below $34,000 decisively to push price down to $26,700 our next high interest support level.
We’re less than 20 hours away from our weekly close and we’re finally breaking out (up or down) of our mid/long term range. In order to survive this move, bulls must remain above $34,000 on the weekly close, which would give them a chance to breathe before the possibility of gaining enough strength to head towards $38,000.
On the other hand, if the bears become the ones with the advantage over our current price action, and manage to break an close below $34,000 decisively on the weekly, we’re pretty much counting on a 15-20% of our total market cap, as ETH and all major alts become the strongly affected.
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BITCOINOver the last two weeks, bitcoin has not yet rebounded and continues to remain in the sideways, constantly holding on when approaching its lower border. We have not seen any bearish candles on the weekly TF since that moment, there was only a neutral spinning top candlestick. Although the current weekly candlestick is red, there is a chance to close again with a shadow from below - which is good news.
As for the moving ones, the MA20 began to round off and now it is already passing not at 48500, but in the 47000 region (i.e. now the possible rebound targets are there, although it is likely that next week the MA20 values will fall even lower). There is also MA50 (31500), which acts as a certain support.
Buyers have two more days off to close the weekly candle as best they can. If there is a good shadow from below, then growth can be expected from next week. It would be nice to close somewhere in the 34500-35000 zone.
BTC (UPDATE)SHORT #BTCUSDT
Two variants of the short, from the 33k zone.
RED: liquidity withdrawal from below, and in the absence of a buyer, we can poison ourselves below liquidity withdrawal and form a spring.
BLUE: After the sweep, liquidity, we make a false breakout, draw up the deviation and return to the range (sideways) zone.
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BITCOIN (UPDATE)Bitcoin again heading towards the resistance zone. The decision time is near for BTC and we will see a breakout soon. A breakout above the resistance area and $36,000 level is bullish and we may see $31,500-$32,000 levels. The major resistance are for now is $35,000-$35,800.
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BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys.
A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position.
Yesterday's review brought us another +3 take profit to our wallet.
I will not describe much, everything is indicated on the graph.
Position statistics:
25 profits
3 stop loss
I can provide each position and confirmations.
Since there are those who want to check the statistics, write to me in personal messages.
We are looking at the level of 38850 - at the moment it is one of the key levels
May the profit come with us.
NASDAQ - DAILY MARKET UPDATE 15min:
Everything according to plan:
The nasdaq confirmed my primary scenario. In particular, since the price broke away from the support at 13960 points, the nasdaq followed my forecast and has built a strong upward movement. There is still room to run in this third wave.
200% 223% extension is possible!
Then I expect a small correction & see the Nasdaq come back again to 14358 points. Main target is around 15.000 points! I see the Nasdaq getting there in the medium term. Maybe I also have to adjust the targets for the upward movement upwards if we dont see my expected corrective movement. Overall, I see the Nasdaq continue to rise to the zone around 15200 points.
BTC - What Will Happen?Yesterday we could not get out of the zone of uncertainty upwards and as a result we went down to test volumes. If in the next two or three hours the cue ball does not pass below 33100 ± and the bulls begin to show strength. It will be possible to consider the correction to local growth completed. Already on the sly I take longs from support in small lots. With the first goals a moderate 400-500$. After fixing over 34000 - 34300 I'll get it if that. And if we still go down, then the next stop is in the area of 32100-300. While, apparently, there is a rebound. If everything is according to the rules, then now there is a retest of the trend (local) and there is a buyer, no one. Yes, and the bears are not piling up yet, so you can try with a small position, picking up as the price moves in our direction.
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Trend trading opportunity on AUDUSD | UPDATE 22nd of June:
"Last week we've had a clear downside move on AUDUSD.
Right now it looks like this move will continue and we're looking for a possible entry. "
Price reached the resistance zone and it bounced off.
That looks like an appropriate moment to get into a short position.
However, this move is still kind of weak and so we could see another pullback to the resistance zone.
Every impulse and a breakout of previous lows will confirm this direction.
Do not use big lot size when there is indecision in the market!
Bitcoin Update - BTC/USDTBTC break the $33,500 resistance and now trading above $35,000 which is a good sign. BTC needs to hold above $35,000 to give a retest to the $36,000 level. BTC showing strength on low time frames but need to break $36,000 to move upward. Bitcoin bounced from the support zone of $30,000 area. Let's wait for more confirmations.
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Bitcoin update June 21Hello
Bitcoin update 21.06.2021
I still follow my previous analysis.
We touched support line of triangle
Inside the triangle I see falling wedge pattern
RSI-Oversold
Fear and greed index - 23 (Extreme Fear)
We shorted last down movement
And I see good level for swing trade
Best regards EXCAVO
BTC 1D - Short term bullish? Bitcoin is gaining mass adoption. Besides El Salvador, other countries are sure to follow, moving further and further away from the inflationary USD dollar that is causing turbulent economic swings in many emerging markets. It is also important to pay attention to Bitcoin's little brother, Ethereum, which is about to release its London Update. If the London Update is successful in mid-July, I expect Ethereum to pull its big brother along and together they will correct and drastically lift market sentiment again.
And people who talk about a 5k bitcoin or 10k bitcoin, please do me a favour and be honest with yourselves. Even the huge short sums on Bitfinex could not break through the 30k support. The 30k is not just a huge support line but also a demand zone on weekly. And there has never been such a short bull run!!! We're just in the middle of it! Don't fall for the banks, JPmorgan or Warren Buffet. We might dip at mid july below the 30k for a short amount of time (read more below why!)
China redistribution, more decentralisation!!! More and more countries are making the US dollar vulnerable because they do not recognise it as the only currency!
In the short term, Grayscale's big unlocking in July alone would be bearish if accredited investors seek to offset some of their losses (realized after selling their GBTC shares) by selling BTC on the spot markets, but after the bulk of them are over theres like... 0 spot btc sellers left right?
This is just my opinion, it may be wrong. This is not an investment recommendation to buy or sell bitcoin/crypto.
$PINS June Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has had eyes on popular online product and idea discovery platform $PINS for the past few weeks. After correcting from a previous all time high of $89.90 it now sits at $73.14 per share.
My team expects $PINS to continue to perform well short term. We have placed our first take profit at $84.50.
Entry: 66.05
First take profit: $84.50
2nd take profit: $103
Stop loss: $60
If you want to see more, please like and follow us @SimplyShowMeTheMoney
BTC/USDTBitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
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