BTC UpdateBTC Doing Same As I Discussed In Last UPDATE And Successfully Bounce Back From Immediate Support Zone.
Now Which Was Support Levels They Became Resistance Level.
Resistance Level : - 40000-42000, 47000-50000.
Now I'm Looking sideways Of #BTC Move For Next Few Days Around 40000 Zone. When Whales Bag Fully Loaded They Will Push It For ATH Point.
BTW Correction Is Over And This Correction Was Healthy Correction For Next Positive Move.
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Update
NZDCAD Short Term Sell Idea Update!!!On the H4 chart after the bearish trend pattern I was expecting the price to move lower further after pullbacks until the strong resistance zone holds.
The price action followed my analysis exactly as I expected it to here. After the bearish trend pattern the pullback that I was looking for happened and then the price moved lower and provided a fantastic move to the downside!
Original Idea
BTC UpdateBTC bouncing hard from the $42,000 zone but unable to break the $45,800 area. Market looks good today and BTC also bottomed out. The key level to flip is $48,000 and $51,100 to again turn bullish. We may see BTC trading in $43,500 - $46,000 range for sometime. This is good time for alts and many alts/btc pair pumping good.
ETH USD Trending Long signal Thought I would post an update on ETHUSD trending, we have just gone past the support which was at 3900.00 which we tested a few times during yesterdays drop. It did not break this level and has not deccelerated so as suggested, we will now enter a long as we are in an uptrend positioning...
The MA lines are above the EMA and Eth is looking healthy on our 1 hr chart. it has just a few minutes ago retested the resistance at 4100 or so and now according to the linear trend we are headed for 4150.00, if it meets this point and accelerates towards the Upward channel then the TP point would be at 4398.00 at which we will see how it is progressing on the channel again.
For now the MACD average has not turned above the EMA 9 line looking at the 1 hr , 30 minutes chart however on the 4 hour we are still Bullish and oscillators are neutral ...
The Call for ETH Long signal entry at 4150 TP At 4398.
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Overall market update - my thoughts (Nasdaq as an example)Hey guys. Here are a few thoughts on the NASDAQ & the entire market - In the long term I am basically bullish, but still see some short signals that indicate a possible correction movement. The entire markets currently see no borders. Therefore, a correction after a few ATHs cannot be ruled out.
An important zone in the nasdaq chart is 13,300. A bounce at this point could lead to renewed aths. A close below 13,300 would be a sign that we could see an M correction. I have drawn this M in the chart for you. Here again 2 important signals:
1. Double top
2. Bearish exhaustion gap down
Sell in may and go away?
fact is that bonds are going up – also international! The reporting season & the dividend season is nearing the end. An economic recovery could already be included in the price. These facts could have an adverse effect on the market.
BUT: there is still a good mood in the international stock markets. The stock exchanges worldwide have increased by 80% in the past 12 months !!! After the corona crash and the rapid recovery up to the summer, including the subsequent consolidation, the stock markets have made another technical breakout. Incidentally, historically we are in one of the longest phases of a bull market. The corona "crash" can rather be seen as a small correction: D
My message to you: Be aware of these signals but don’t worry too much if you are investing long term!
BUT: The bull market could go on. One reason for this is rapid economic growth, a strong recovery in corporate profits and the increasing number of new investors in the stock market. Incidentally, I can't imagine much cheaper prices for our small cap stocks either. But I am not assuming that you are only invested in small cap stocks. Currently the market is very exciting. I will keep you up to date.
BTCUSDT 4h: bullish vs Bearish scenariosthere are bullish and bearish scenarios for Bitcoin. As you can see in the 4h time-frame, two up trend channel are possible. In addition, there is also a down trend channel. if the price breaks out the blue channel (pull back is important), the green path would be valid. on the other hand if the price hits the bottom of the channel and bulls back to the bottom of the green channel, the red paths are possible scenarios.
Please comment me your Ideas
UPDATE XTZUSDTHi friends.
Now we are facing a momentum important in the price range for XTZ, I'm going to have more updates soon, but I already put in our previous analysis a resistance line, that is going to define the next targets for XTZ, let's wait for more 2 candles (2 days) and then I'm going to post the next targets. I believe that we are going until $9 at least in the next couple of months.
Feel free to reach me any time.
See you
ONE/USDT Update: First supportline demolished. Can we come back?ONE had an amazing run in Q1 2021.
Now we see the expected pullback which honestly is a bit longer than expected.
The last big pullback was together with the whole market and this is something that can happen at any time.
We assumed 0.1$ was the new floor but we are currently below the support line.
ONE needs to get back on top for a solid recovery.
Currently we are still in the middle of a short term downtrend.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ADA looks to be breaking outADA is running again, it's been a crazy couple of days. A couple weeks ago I pointed out this ascending triangle pattern, the measured move is aiming for 1.96 USD. Equally as important to me is that ADA has broken out of it's descending trendline resistance against BTC. I expect ADA will over take it's recent high vs. BTC in the coming weeks as well.
A journey to $2.00 for XRP very likelyWe have now touched the second white horizontal (dash) line at around $1.6 on ripple. Hoping to get to $2.00 any moment the daily momentum is sustained. Investment in a few for storage will not hurt outside margin trade as it may touch ALL-TIME-HIGH of $3.84 any time soon with its current momentum.
12/04/2021Update:
The triangle we have been watching for weeks has finally broken with significance, been retested and continued upwards.
There were many smaller patterns inside, also some major resistance (esp the red box), but BTC seems to be on the way up.
The measured move of the triangle is way up at 72.6k
Will we get there....?
(Anyone who follows me, I have started a YouTube channel. I'm trying to improve the content and will as time goes on but I am hoping to get the subscribers and support....it would really help out. My Twitter link is in my profile on here and the channel is on my profile, take a look and let me know what you think)
Reef UpdateHere's a quick look at Reef 4 hr chart. as we can see the price action has been oscillating in a bigger symmetrical triangle for a while now and we might see a break soon.
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.044$
2. 0.0465$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
BTC UpdateHere's a quick look at BTC 4 hr chart. as we can see, the price has been trying to break the 60k level, but hasn't had any success yet. The last time we ran to new ATH, we saw an inverse head and shoulders pattern. And the same pattern could be forming right now! If we break 60k then we are off to 64k!
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Nasdaq breakout of range (update)It seems that we have started breaking out after the good news from bidens speak. look for upside towards 13070. if it gets through next target is 13130 which is the top of the cup in the cup and handle formation. i would suggest taking profits here and buying again once the handle(bull flag) breaks out and once it gets through 13130 the target will be the -27% and then the target of the cup and handle formation which is 13493
Image of target and info on cup and handle breakout:
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