Position: Long Crypto: BTC/USDT Entry Point: 21874 Stop Loss: 21089 Take Profit: 23695
Bitcoin Price Orderbook Shows Resistance At $21,500, Will BTC Retrace?
An unknown investor has made a huge transfer of ETH to Binance. Cryptocurrency whale tracking platform, Whale Alert, has observed the movement of a massive amount of Ethereum (ETH) to Binance, the world’s largest crypto exchange. According to blockchain data shared by Whale Alert, a total of 260,000 Ethereum were deposited on Binance in the hours leading up...
Bitcoin has been trading near $20K for the past 12 days. More likely $20k will prove to be a false bottom.
There is a chance of correction in the DXY index. I will set up my trading basis this week, according to this analysis.
The dominance of Tether reacted to the accumulation zone and became bullish, and crypto went for the next impulse.
1. Symbol: ADA/USDT 2. Market: Crypto Futures Trading 3. Position: Sell 4. Advise: High Risk 5. Entry: Wait for confirmation in the white circle zone 6. Take Profit: As shown in the chart
1. 1st (inverted V) Cycle = 27 weeks = 11 Jan 2021 to 12 Jul 2021 2. 2D (inverted V) Cycle = 27 Weeks = 12 Jul 2021 to 17 Jan 2022 3. Uncertainty Region = 9 weeks = 17 Jan 2022 to 21 Mar 2022 4. We are expecting the third (inverted V) cycle !!!
A. What is the Bitcoin halving? 1. The Bitcoin halving is an event where mining rewards are cut in half. 2. The event takes place every four years, according to pre-set rules in Bitcoin's code. B. A brief history 1. 2009 – Bitcoin mining rewards start at 50 BTC per block. 2. 2012 – The first Bitcoin halving reduces mining rewards to 25 BTC. 3. 2016...
1. There is a major bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USDT 2. If Ethereum fails to rise above the $1,670 resistance, it could start another decline. 3. An initial support on the downside is near the $1,620 zone. 4. The next major support is near $1,560, below which there is a risk of a sharp decline. 5. In the...
Technical Analysis By: Yaser Rahmati 1. Date: 2022 27 July 2. Pair: TRX/USDT 3. Position: Short 4. Entry: 0.06595 5. SL: watch OB @ 0.06762, maybe retest up to this level 6. TP1: 0.06511 7. TP2: 0.06437 8. TP3: 0.06383 9. Market: Future
The price is trading within the confines of an ascending parallel channel. THETA has just broken above an ascending channel’s middle boundary resistance, restarting the uptrend. The MACD had flipped bearish but is currently giving out a bullish impulse. The uptrend is supported by improving technical levels based on the MACD. Resistance at $8 may either stop...
It is still trading well above $260 and the 100 simple moving average (4-hours). The bulls are protecting the $265 and $260 support levels. The next major support is near the $255 level (It is close to the 50% Fib retracement level). There is also a key bullish trend line forming with support near $245 on the 4-hours chart of the BNB/USDT pair On the upside,...
Dogecoin finally broke out of the symmetrical triangle. Meanwhile, DOGE is teetering at $0.053 amid the struggle to complete the triangle breakout target. Notably, the MACD has validated the break by crossing above the mean line. Besides, the MACD line (blue) cross above the signal line is a bullish impulse. A minor correction has occurred due to the seller...
Chainlink price is close to confirming a daily uptrend but still needs to climb above another key level first. Chainlink is contained inside an ascending and broadening wedge pattern on the daily chart. The next most important resistance level is the high of March 3 at $31.43. A breakout above this point will confirm a daily uptrend and will likely drive...
The price even tested the $0.89 support level, but there was no close below the 100 simple moving average (4-hours). On the upside, there is a strong resistance forming near the $1.072 level. A clear break above the $1.08 level could open the doors for a sharp increase towards the $1.14 level. Technical...
DOGE/USD extends corrective pullback from 200-bar SMA. RSI recovery from oversold area backs the latest run-up. The downward sloping trend line from February 07 keeps sellers hopeful. Further upside needs to overcome bearish MACD before challenging the previous week’s top near 0.0645. Alternatively, a downside break of 200-bar SMA level of 0.047 will recall...
Dogecoin price action from January 30 to-date has resulted in a continuation pattern known as “bull flag”. The technical formation predicts a 75% bull rally. This target puts DOGE at $0.1. For a successful breakout, DOGE needs to move past an immediate resistance level at $0.055, which coincides with the 50% Fibonacci retracement level. However, only a...