Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
X-lines
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HelenP. I Gold will little rise, and then start to fall to $2025Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to the trend line, after which it made a strong impulse up to the 2010 support level, which coincided with the support zone. Soon, Gold broke this level and continued to move up to the resistance zone, which coincided with the resistance level, and in a short time price broke this level and rose to 2090 points. After this, XAU soon turned around and fell below the 2060 level, breaking it one more time, after which the price continued to decline. Price fell almost to the support zone, but soon turned around again and rose to the resistance level. Then the price finally declined to the support zone and at once rebounded and started to rise inside a wedge. In a short time, Gold rose to the resistance line of the wedge, after which it turned around and declined to the support line, which coincided with the trend line. At the moment, price rising and I expect that Gold will rise to 2050 points, after which price turn around and start to decline to the trend line. That's why I set my target at the 2025 level, which coincided near this line. If you like my analytics you may support me with your like/comment ❤️
Gold can break support line, make retest, and decline to 2025Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago broke the support level, which coincided with the buyer zone, and in a short time declined to 1935 points. After this movement, the price started to rise in the upward channel, where it rose to the 1980 support level, broke it again, and continued to rise to the resistance line of the channel. Then XAU exited from the channel and even rose to the seller zone, but soon made a downward impulse to the support level, which coincided with the support line, thereby making a fake breakout of the 2080 resistance level. After this, the price rebounded from the support level and started to rise near the support line to the resistance level. When XAU reached the 2080 level, it made a fake breakout again and soon declined to support line, where it continues to trades to this days. In my mind, Gold can break the support line and at once make a retest, after which it will continue to decline lower, therefore I set my target at the 2025 level. Please share this idea with your friends and click Boost 🚀
ET (ARE ALIENS REAL?) trends chart ET randomly came up on my radar. And yes.
I decided to look at the chart, and it looks like it's about to experience a break out pump, but I don't see the pump really being too significant overall. I'm not so sure it makes it past $15, but maybe.
HOWEVER, there are two things to note, one is the biggest green trend line. THAT IS STRONG. There is a high probability that buying off that big trend will result in a bounce and quick profit. How long it takes to get to that trend is the question. It could be awhile, but it doesn't have to be.
Here is the cool thing, because this stock looks to be maxing out, and seems to be nearing the top, it might be a good play short. Essentially, we pretty much know where it's going, we know it's breaking out on the short term, we're pretty confident there will be resistance at 14-15 with a max of 16-18, we can setup a trade play with this info as it gives us an above average chance of being profitable in multiple directions.
Example, you'll potentially see multiple bounces off the line with some well defined resistance, meaning you can trade both directions. Once that green trend breaks, as noted by the huge downward line, you'll likely see a BIG drop to the downside. When price touches the bottom side of that trend, there is a good probability the short position will be profitable.
XAUUSD OAK Spider Trend Two Weeks After: A Gold's ProphecyXAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted).
The trend path lines I sketched over the daily timeframe graph as it is in my post. This is a 30 minutes time frame view. None of these lines were changed in their slope nor in their position, not even slightly altered in any way.
This can be verified in my Sept 29 XAUUSD analysis
XAUUSD OAK Spider Trend Analysis and 2023 Closing Forecast
OAK
Predicting a Downward Movement for BTCI've been closely observing the BTC/USDT Perpetual Contracts on Binance and after an extensive 4-hour timeframe technical analysis, I am predicting a potential downward movement for Bitcoin.
The key indicators I've used for my analysis are trends, a unique indicator called "Price Action - Support & Resistance by DGT" (source), and two Fibonacci Retracement for two distinct waves.
Firstly, the trend analysis on the 4-hour chart shows that Bitcoin has been consistently making lower highs, indicative of a bearish market. The "Price Action - Support & Resistance by DGT" also backs up this bearish outlook, displaying key areas of resistance that Bitcoin is currently struggling to overcome.
Moreover, by analyzing two significant price waves using Fibonacci Retracement, we can see that Bitcoin's price is rejecting at key Fib levels. The consistency of these rejections at similar Fib levels further cements my belief in an impending downward move.
Based on my analysis, I am predicting a potential fall in Bitcoin's value to 28022 USDT, which would constitute a 4.31% decrease from entry price level.
In terms of risk management, I would recommend setting a stop loss level at 30200 USDT. This level is selected as it is a key resistance point which if broken, would invalidate the current bearish trend.
As always, risk management is crucial. I would advise not to risk more than 1-2% of your portfolio on any single trade, including this one.
It's important to note that while my analysis is thorough and based on key indicators, trading always carries risk. Be aware of the potential risks and always make sure to trade responsibly.
HOW TO: Trade with TrendDECODER🥇 Best indicator on ProRealTime MarketPlace - Now available on TradingView
✔️ Identify ranges and the next probable moves
✔️ Get the earliest signals and the strength of Trends
✔️ Get clear exits before reversal
✔️ Spot the Fibo levels the price will test
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Trading is Timing !
Stop being too early or too late trading the Trend or getting stuck in a Range.
📌 What is it about ?
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The TrendDECODER is a concentrate of multiple innovations to make Trend following simple and easy .
👉 With the GreyBox© - identify when the market gets out of the Trend with a new sequence of transition. Check if the market is in Range, Continuation or Reversal (Up or Down) and wait for the closing of the box to get the Trend signal.
👉 With the DecoderSignals© & Blue /Orange Clouds© - once the GreyBox has delivered its message, get the new direction of the Trend and see the probable zones of pull backs during the current direction.
👉 With the Projective TrendLine© - see before it happens the direction and the possible angle of the Trend with its probable range.
👉 With the RealTime TrendLine© vs the Projective TrendLine© - adjust immediately if the market accelerates North or South.
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📌 For which asset?
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TrendDECODER works fine on all assets and all time-frames;
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Because the trend indicators that we know lag a lot and do not clearly identify ranges!
We need much more powerful tools than Supertrend or a couple of moving averages crossings to get this done.
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🔹 Strategy #1: Trend Following : DecoderSignals© & Blue/Orange Clouds©
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The GreyBOX has given the next probable movement and the Signal of a Trend in on.
The RealTime TrendLine guides us on the pace of this movement and the Blue/ Orange/Cloud figures the support/resistance of this movement.
It will be wise not to jump immediately in the Trend as the signal appears as the price will very probably make a pullback in direction of the cloud first.
Strategy #1: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 In the Main Time Frame: check the appearance of the « TrendUp Signal » or the « TrendDown Signal »
📍 Entry: buying « at Market » immediately on a « Trend Signal » is quite risky as many times the price will pull back near the Clouds
> a good option is to buy 1/2 the position at market on signal
> and 1/2 after the first pull back
📍 First Stop Loss: place your SL under the lower border of the GreyBox for an expected TrendUp or the higher border for an expected TrendDown
📍 BreakEven: when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
🔹 Strategy #2: Early Trend following : RealTime TrendLine Crossing©
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With this simple tool, get a very early signal of a probable inversion of the current Trend, way before the Decoder Signal is shown, once confirmed by the GreyBox.
Strategy #2: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 Entry (Main Time Frame): wait for the Close crossing over the ReaTime TrendLine in an expected TrendUp (under for a TrendDown )
📍 First Stop Loss (Main Time Frame):
> place your SL under the lower low of the GreyBox (for an expected TrendUp) or the higher high (for an expected TrendDown)
📍 BreakEven: move your SL to Entry price when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
📌 Configuration
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Well, basically you do not have to do anything !
But you can make TrendDECODER perfectly yours with a few switches in the configuration panel to make appear or disappear each one of the elements composing TrendDECODER.
Bitcoin Analyze (Short Term, 15-minute Time Frame,31/3/2023)!!!I expect Bitcoin to reach at least the 🟢support zone (27800)🟢 again finally.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC Weekly: Long-Term Bullish Shark Harmonic?Lets take a look at the BTC weekly chart technicals:
RSI is at major lows
Repeated testing of 17k support
Signs reversal on the MACD+Stoch indicators
Increased buy volume on BTC/USDT for KuCoin and Binance
For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with other support lines at 17k and 10k.
We could see a breakout from the large, declining triangle pattern which I believe is a Bullish Shark Harmonic Pattern . If it proves a valid reversal indicator we could see a good rally from around $12k - $13k. This is my observational opinion.
Alternatively, we could see it test the 10k mark support line below the triangle before a confident reversal signal! I believe this is a more bearish view, but possible.
If we look at market cap indicators, TOTAL, TOTAL1 and TOTAL2, we can see buying volume is higher for BTC relative to altcoints, indicating a possible influx to the largest cap currencies such as ETH, XRP, ATOM, HBAR, etc.
Is This a DCA Oppertunity?
My TL;DR opinion? Neutral-bearish on the short-term, bullish on the long term. Cautiously engaging with solid DCA strategies from these prices.
If we take a look at the wider economy and political climate, there is a tremendous amount of uncertainty surround FIAT after the dollar’s overwhelming rally against the Euro, GBP, and JPY! Gold lost a key support level at $1,700, and major indicies such as NASDAQ are still underperforming.
Whilst crypto is classed as a high-risk asset, some investors are noticing this moment of stability compared to the rest of the global market. It is impossible to make a perfect prediction and we could absolutely see some Lower Lows on crypto before a relief rally.
Silver is a commodity on the radar that could be showing signs of a major upswing, although I have yet to do a confident analysis on it.
With all that said I would personally be comfortable DCAing into crypto from here over time, with the expectation of another respectable dip before a full reversal🙏
Note: Nothing posted constitutes as financial advice, or any form of advice, and is designed to inform and educate!
so... what if we dont recover?its obvious that weve seen higher prices in equity since oct. 2022. im just highlighting similarities here:
comparing this to the broader trend you can see the only difference between now and other weekly lows and highs in the cycle is weve created a higher low or rising bottom trend line. the top trend lines are still facing down. its not impossible that we see another big drop unfortunately. i am still leaning bull however.
EURGBP two strong supportsThe number of unemployed people in the UK increase what means that other currencies have the change to be stronger than GBP.
We can see an ascending channel, with a diagonal line making the support, and other one, the horizontal and it seems to be a support and in the past an old resistance.
We could wait to see if the candles will cross the line 0.87658, or just put a SL there using the ATR indicator
C.E INFO SYSTEM, whats next??every details i have mentioned in a the chart, with using the best tools along with the matching colours.
FOLLOWING IS MY ANALYSIS ON THIS STOCK-
THE BEST THING TO NOTICE IS, the blue lines which i have drawn, have been declining its angle, therefore the stock is correcting itself, its not correcting its price by a straight fall, it is been following the wave pattern very well. this is because the business structure of this company is great, with low debt, and raising profits. so there is demand in this stock, which is why its making the stock to fall straight down, and get corrected.
Bitcoin BTC - Most important lines to watchBitcoin broke out of the parallel channel and is currently testing the dynamic support line. The price action will be driven by the reaction of the price with those important lines. Most probably, combining Technical Analysis with Macroeconomics, knowing clearly that we are in a recession, the price of BTC may hover between those lines but will end up by breaking down.
big breakout coming this pair has made side way correction below yellow trend line and it has also made strong horizontal support
if yellow trend line breaks (you can take entry at strong support) before breakout
and seller wait for retest of upper yellow trend line or clear breakout of lower support