BITCOIN UPDATE - NOT Yet BullishHello guys,
Current BTC position: SHORT
Sorry, I have been busy trading the Indian stocks and options and not trading a lot of Crypto after the recent WazirX exchange Hack!
On 4H time frame the BTC is still not in the bullish zone.
Bullish confirmation is only above the price $62,000
Support and resistance levels have been marked on the chart for your reference.
Wazirx
WRX WazirX Price Target Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is WRX WazirX.
I've set a short-term price target for WRX WazirX at $0.10.
Looking forward to read your opinion about it!
WRX quick tradeHello again!
So, besides the longer charts, let's see what Fractalic one can bring to us.
Few days ago I've seen BINANCE:OGUSDT forming the exact same pattern as it has shown in April, now with BINANCE:WRXUSDT i see the same formation either from July (better scenario) or June (meh but still ok).
If we're at June's formation:
- Quick buy at 0.102-0.103
- Sell at 0.112
Profit: 9%
If we're at July's one:
- Enter at 0.098-0.1
- Sell partly at 0.112 / 0.12 / 0.132
Overall profit: 17% - 32%
Don't forget to use Stop Loss, however with CRYPTO:WRXUSD we're very close to the bottomish bottom of the bottom. This coin has served as a lifechanger for some giving a ridiculous 10500% in 2021. Dumped hardest 98,85%, accordingly. And still is always performing pump/dump scenarios here and there even being this low.
So, let's see what will it bring to us in a longer term, too. Giving a shot that it's mostly Indian market and I believe India to hop on its exponential growth very soon, we can make that lifechanger candle great again.
Potential Buy / set Take Profit in the sky / and Forget if we'll ever go to 0.08 or if we will surpass this long support line and move further to 0.05-ish.
One Dovish statement & Rocket nd Dump. In 2021-2022, the Gold/Silver ratio has fluctuated greatly, ranging between around 65 and 95. 2020: For the year, the gold-silver ratio peaked at 114.77, the highest it's ever been since 1915. 1991: When silver hit record lows, the ratio peaked at nearly 100.
Since money is cyclical and follows wherever it anticipates gains, Bonds can be a very good indicator to sense the direction.
One of those few times in history where one has to look at bonds before purchasing assets. Or Just average down.
Fear is a great motivator. This is the oncoming of the great Dollar Reset. The decline of Petro-dollar leaves top position weak and shaky of the top Fiat, and power hates Vacuum. Which other Fiat could replace the current Fiat? Or could the coming downturn trigger a mass adoption of Something Decentralized ? Questions ..., Only future History Books can provide. Or someone like George Soros, the great speculator.
WazirX (WRX) - September 21Hello?
Traders, nice to meet you.
If you follow "Follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(WRXUSDT 1D chart)
1st resistance: 0.2557-0.2720
2nd resistance: 0.3540
Support: 0.2110-0.2300
If you are supported from the support section, it is expected to rise.
If you fall from 0.2110, you need to touch the fall trend line (1) to see if it rises.
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** All descriptions do not guarantee losses in investments for reference.
** If you share this chart, you can use the indicators normally.
** MRHAB-T indicators include indicators that display support and resistance points.
** Background color of Long/Short-S indicators: RSI overreagy, overlooked section mark
** Background color of CCI -C indicators: When the short -term CCI line is -100 or less, when it is +100 or more,
** OBV indicators have rewritten by applying the formula to the indicators of OH92. (Thank you for this.)
(Short -term STOP Loss is a point where you can preserve or enter additional gains and losses by split transactions. It is a short -term investment perspective.)
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WazirX (WRX) formed bullish Crab for upto 17% pumpHi dear friends, hope you are well and welcome to the new trade setup of WazirX ( WRX ) with Bitcoin pair.
On a 4-hr time frame, WRX has formed big bullish Crab pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
WAZIRX (WRX) huge RALLY coming =PI-CYCLE BOTTOM printed on chart1st PI-CYCLE TOP of WAZIRX history printed in April 2021 which led to a correction of 87.48%.
1st PI-CYCLE BOTTOM of WRX history got printed again in April of 2022. 1st PI-CYCLE BOTTOM in any coin usually leads to MASSIVE rally.
Below chart shows the RESISTANCE zones for WRX.
In below chart, we can see the HOLY GRAIL LEVEL which is at 0.880 which has to be cleared before we expect BULL RALLY in WRX.
Below chart shows SELL and BUY signals by our indicator which revels the whole picture by itself.
Everything right now is in favour of WRX except BTC on where we are expecting a BIG CRASH in coming days. If BTC remained stable, HAPPY days for WRX are here.
WazirX vs Bitcoin Mirror Image...Look at the strong/steep decline from January to February on this chart... WRXBTC.
Strong declines can lead to strong growth.
We have a strong reversal signal 31-March (marked purple).
We have rising volume today as WRXBTC breaks above EMA50...
We have a strong RSI & more...
The signals are strong and clear.
This Altcoin pair will also grow.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
WazirX Challenging Downtrend... Upside Potential Developing!The major downtrend that started back in November 2021 is now being challenged...
We are looking at WazirX vs Tether (WRXUSDT).
We have a volume breakout...
Today's volume is the highest we've seen since February, likely to go higher and we end up with the biggest daily volume bar since December 2021.
We also have a break above EMA50 and challenge of EMA100...
The bulls are putting pressure on the bears.
WRXUSDT is getting ready to grow.
Namaste.
WRX confirmed broken resistance as support#WRX/USDT
$WRX broke out from descending resistance, and recently confirmed it as support.
if price hold above support zone there will be 60% -90% increase to resistance zone, breaking out from resistance zone will cause more increase to $4 and $5 and even more in long term.
if bears success to break down from support zone, next support is around $0.6 and then $0.37
WazirX vs Tether Early CallWRXUSDT peaked in April, a long-time ago.
The correction that follows hit a low in May, just 49 days after the peak.
Since the May low until today we have 189 days (6 months+) of consolidation.
We also have higher lows since May.
These are bullish signals.
Recently EMA300 was tested as support and holding so far.
Resistance ahead in the form of EMA50/EMA100 and MA200.
If these levels can be taken out, meaning the $1.28 to $1.32 price range, we can easily see WRXUSDT fly up.
This is early because we still don't have any breakout or confirmed breakout signals.
But on charts like these I buy with a tight stop-loss.
You can see the targets and support levels (stop-loss) marked on the chart.
Namaste.
WazirX (WRX) - November 26Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(WRXUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.74732538 point: expected to create a new wave
(1D chart)
First resistance section: near the 2.03010763 point
Second resistance section: 2.68514028-3.01265659
Support section: 1.04755868-1.37507498
You need to see if you can get support from the support zone and rise above the 1.54464450 point.
In particular, you need to see if you can move up along an uptrend channel made up of an uptrend line.
If the price is maintained above the 1.5546650 point, it is expected that the uptrend will continue.
However, the upward trend is expected to accelerate when it rises above the 1.83669659-2.03010763 section.
If it falls from the support zone, it could fall below the 0.74732538 point, so trade cautiously.
If it falls below the 0.74732538 point, it may enter the mid- to long-term investment area, so you should also think about countermeasures.
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(WRXBTC 1W Chart)
2666 Satoshi point or higher: Expected to create a new wave.
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(Binance WRXUSDT 1D Chart)
It needs to move above the 1.542 point to continue the uptrend.
If it declines from the 0.764 point, it may enter the mid- to long-term investment zone, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BITCOIN PRICE LEVEL to stay bullish Now, Bitcoin is trading at very important price level. I've shared my 4hr bitcoin analysis chart, that tells the base that is trading at daily demand can decide the upcoming levels for BTC, If we see its holding the price inside the pink box we can expect BTC still has some strength left to continue the bullish move. If we check the daily timeframe we can see BTC is trading at supply for very long time now, this shows the strength that it can hold the price and move further to test more such price levels. For the contraction or supply absorption part, we need to see spread of selling camdles getting reduced with respect to bullish candles so we can actually say that the supply is absorbing. Let me know your views on my analysis, every comment is appreciated,
Thankyou.
DOCK- IN-DEPTH ANALYSIS
DOCK BUY/SELL ZONES
PRESENT SCENARIO=
BUY ZONE 1= $0.07090-$0.06515 TARGET ZONE 1= $0.10652-$0.11333
BUY ZONE 2= $0.04095-$0.04070 TARGET ZONE 2= $0.12433-$0.12916
BUY ZONE 3= $0.03125-$0.03104 TARGET ZONE 3= $0.17822-$0.18200
BUY ZONE 4= $0.00273-$0.00223 TARGET ZONE 4= INFINITY
GOLDEN RESISTANCE ZONE = $0.12433-$0.12916
GOLDEN SUPPORT ZONE = $0.07090-$0.06515
VALUE AREA (for SCALPING) =
MONTHLY VAH = $0.08702
MONTHLY VAL = $0.08106
WEEKLY VAH = $0.0985
WEEKLY VAL = $0.08724
GOLDEN MOVING AVERAGE AT = $0.08483
DAILY GOLDEN MOVING AVERAGE AT = $0.08686
MONTHLY GOLDEN ZONE (at present) = $0.10129-$0.10241
WEEKLY GOLDEN ZONE (at present) = $0.08735-$0.08784