Noticed that price action is tracing a bearish DESCENDING TRIANGLE, having an $18.0K to 19.0K shaded support area.
$18.0K to $19.0K support area can be based from Nov to Dec 2020 previous price action.
Based from “Technical Analyis ONLY”, price action might trace down to the next minor supports of $17.0 K, $16.2 K or worst, to major support of $12.0K
Use Dollar...
BTCUSDT as of January 16, 2022
Time Frame: 4H
1. Price nearly touching the $43.3K Resistance Area.
2. We have observed 2 higher lows based from the lowest price of $39.6K. Interprets a bull trend.
3. Once the price breaks out the $43.3K and $44.3K resistance areas, expect that price may go up to $46K resistance area and consolidate due to the huge selling...
BTCUSDT - 4H Time Frame
1. Price may trade within the relevant support of $41,200 and Relevant Resistance of around $43,900.
2. If the price breaks the relevant resistance, price might go upward going to the resistance of $46,500, tracing the 23% Fibo Line.
3. Indicators showing bullish signal.
4. Worst case will be the price may still consolidate and bounce...
XRPUSDT Time Frame 4H
1. XRP price action is still following the symmetrical triangle chart pattern.
2. MACD Line is attempting to cross over the Signal Line.
3. Price broke the resistance of Bullish Flag last Jan 12 and forming a retest going back to the relevant support area.
4. Price may Hit around $1.00 if the price hit the symmetrical triangle resistance...
BTCUSDT Update January 13, 2022 (Ken)
Time Frame: 15 min
Actual Price as of 7:20 PM - $43,690.00
BTC Price is consolidating at an average price between $43,400 to $44,000. In order to declare that the price will follow the uptrend patch, price must break the resistance of $44,000.
Recommended safe entry for Spot is any price above $44,000.
Most Indicators...
BTC USDT Update as of January 12, 2022 (Ken)
1. Yesterday, January 11, 2022. Price action entered the Phase D of Wyckoff Pattern. A bounce up happened after hitting the $40K strong support.
2. RSI entered the oversold area starting January 7 and left making an upward trend starting January 8.
3. MACD Line crosses over the signal line last January 8. MACD Line...
BTC/USD Technical Analysis
Time Frame: 2H and 1D
Chart Pattern:
Wyckoff Method and Pattern (2H and 30min Time Frame). It is observed that the price action from December 4 up to now is following the Wyckoff method and pattern. Now we are at the Phase C. If this pattern governs the chart, price will enter the Phase D and will start to rebound at the range of $40K,...
BTC USDT Long
Possibility 1:
a. A bull run after breaking the resistance.
b. Safe entry at $51K price.
Possibility 2:
a. Price may break the resistance. Safe entry of $51K.
b. A strong resistance (1st Strong Resistance) may affect the price downward at most around $50K price trend and it will bounce up after.
Possibility 3:
a. After hitting the resistance...
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