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BTC UPDATE APRIL 5 2023Bitcoin Update: Resistance at $29,000 and a Potential Correction to $24,500 As of April 5th, 2023, Bitcoin is trading at around $28,000 USD, and the price has been trying to break out of the $29,000 area for the past two weeks. However, there seems to be a lot of resistance there, pushing the price down to the support levels at $28,000 and $27,600. On the other hand, an Elliot Wave structure has formed, with five waves up, and the current trading is at the fifth wave. These wave counts started from the formed bottom a few months back. Additionally, at the bottom area of $15,000, a falling wedge structure has been spotted. According to the Fibonacci retracement tool, this falling wedge targets 1.618 fib levels, which is the golden ratio between $29,000 and $30,800 areas. There are two possibilities at this point. The first is that Bitcoin will break out of the $29,200 areas and push the price up to $30,800 and possibly even higher. The second possibility is that a correction will start from the current levels towards the $25K-$24.5K areas. Once we reach there, an update will be provided. With 12 years of experience in trading and stock markets, the feeling is that Bitcoin has not yet finished the correction from the top that was made at the $69,000 areas. Therefore, it is important to keep an eye on the price action and be prepared for any potential volatility. Good luck.
by Htback
2
Bitcoin Ready For $36000 ?#BTC/USDT Technical Analysis Bitcoin (BTC) is currently trading at $28,500, which is the top level of the past few months. The cryptocurrency has shown strong support at this level, indicating that there is buying interest from investors. The resistance level has also been broken, and the cryptocurrency is currently trading above it. According to the principles of psychology, traders should sell above the resistance level and buy below the support level. However, due to the volatility of BTC, it is advisable to trade in the safe zone. In my opinion, if Bitcoin holds the red box zone, there is a strong potential for the cryptocurrency to hit $36,000 within a few days. However, if the red box zone is broken and the support level is also breached, then investors should prepare for a drop to $24,000. Investors must trade smartly and never gamble with hard-earned money. It is always recommended to conduct personal research before investing in any coins. Support levels for BTC/USDT are at $27,500, $26,800, and $24,300, while the resistance level is at $29,500. Disclaimer: This is not financial advice. Please consult a professional financial advisor before making any investment decisions.
Long
by CryptoPatel
4
DOGE - Make Or Break Zone 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After breaking above 0.08 resistance , DOGE traded higher in an aggressive manner to find resistance around 0.1 0.1 is a previous support turned resistance and a strong round number. 🏹 For the bulls to take over from a long-term perspective, we need a daily close above 0.107 In this case, a movement till the next resistance 0.13 would be expected. Meanwhile, the 0.1 - 0.107 zone is still acting as a resistance and the bears can still kick in (by breaking the last low from H1) In this case, a movement till the 0.08 support / demand would be expected where we will be looking for new short-term buy setups. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
17
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release? This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support. It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment. This is not financial advice. Please do your own diligence and invest responsible.
COINBASE:ICPUSDLong
by WeAreSat0shi
1
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range. Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups. UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000 📌 on M30: Right Chart The bears took over already short-term by breaking below our last low in red. Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
BTC - Now We Wait ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart BTC has been stuck inside a range in gray for a whole week. For the bulls to remain in control medium-term, we need an H4 candle close above the upper gray area 28,700 In this case, a movement till the 30k - 32k resistance would be expected. 📉 On the other hand , if we break below the lower gray zone 26,700 then we will expect a bearish correction to start till around 25,000 support / demand. 📌 on M30: Right Chart Here is a cleaner view for the price movement inside the H4 range. Previously, BTC rejected the lower bound of the range, and the bulls took over by breaking above the last M30 high in blue. Now, we are sitting around the upper bound of the range, and for the bears to take over short-term, we need a break below the last M30 low in red. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
38
ETH - All Eyes on 1700 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart ETH is currently bullish trading inside the red rising broadening wedge pattern; and the next main resistance would be around 2000 and/or upper red trendline. 📉 Hence, as ETH approaches the 2000 zone, we will be expecting the bears to take over for a medium-term correction. 📌 on H4: Right Chart For now, we will remain bullish as long as ETH doesn't break a previous major low. The current last major low is around 1700 📉 If we break below 1700 expect a bearish correction to start till around 1500 - 1550 support / demand. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. Here is why the 30,000 is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance from Weekly timeframe 3- Supply zone marked on the chart 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction. 📌 on H4: Right Chart For now, we will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
ETH - Still Bullish - UNLESS ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 After breaking above 1700, ETH has been stuck inside a range. We will remain bullish as long as ETH doesn't break a previous major low that happens to be lining up with 1700 📌 If we break below 1700 expect a bearish correction to start till around 1550 support / demand. 🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in red around 1860 In this case, a movement till the 2000 weekly resistance and round number would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
BTC - Still Bullish - UNLESS ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then. We will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📌 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. 🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in gray around 28,700 In this case, a movement till the 30,000 weekly supply zone is expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
40
March 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The Federal Reserve has announced its ninth consecutive interest rate hike, raising the federal funds rate by 25 basis points. As a result, the rate has increased from nearly zero in March 2022 to a range of 4.75% to 5%. Bitcoin is down 2.97% over the last 24 hours and fell to an intraday low of $26,602.77. The largest cryptocurrency dropped below $28,000 after the Fed raised the interest rate by 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,176 and the relative strength index (RSI) in the overbought territory. If the BTC/USDT returns above $28,000, the BTC/USDT pair may have the potential to surge to $30,000. Today’s Cryptocurrency Headline Telegram Enables Users to Send USDT in Chats Telegram users can now send USDT to each other within chats in the messaging app. USDT has been added to Telegram's @wallet bot, expanding the messaging app's ability to buy and sell cryptocurrencies. Last April, bitcoin (BTC) and toncoin (TON) were added to @wallet's marketplace, with the latter also available to send within chats. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
ATOM - Once a Beast; Always a Beast 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ATOM has been overall bearish trading inside the falling broadening wedge pattern in red. 🏹 For the bulls to take over long-term , we need a daily candle close above 13.5 resistance. Meanwhile, If we retest the blue support around 10.0, we will be looking for buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
30
BTC - Why 30,000 Is A Strong Rejection ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC broke above the big inverse head and shoulders neckline. 📈 Thus, the momentum has been shifted from bearish to bullish. BTC is currently bullish trading inside the red rising broadening wedge pattern. 📌 Here is why the 30,000 is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance from Weekly timeframe 3- Supply zone marked on the chart 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction. 📌 For the bulls to take over from a MACRO perspective , we need a weekly candle close above 32,000 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
28
March 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.07% over the last 24 hours and rose to an intraday high of $28438.47. The largest cryptocurrency continues to trade around the $28,000 price level, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. It is anticipated that the Federal Reserve will maintain rate hikes but at a slower pace of 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,039 and the relative strength index (RSI) in the overbought territory. If the outcome of the FOMC meeting meets the expectations, the BTC/USDT pair may have the potential to surge to $30,000. Today’s Cryptocurrency Headline Sushi DAO and Key Contributor Receive SEC Subpoena Sushi DAO and its CEO, Jared Grey, were subpoenaed by the U.S. Securities and Exchange Commission (SEC). In response, Grey proposed a "Sushi DAO Legal Defense Fund" to cover legal costs for core contributors up to $3 million in USDT, with an additional $1 million available if needed. The fund would pay for attorneys' fees and other costs for contributors involved in the project from April 2022 until legal proceedings end. Sushi DAO is cooperating with the SEC and will not comment further. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
$XRP/USDT 1D (#Bybit) Descending wedge breakoutRipple regained 100MA support while rest of the market is tanking, seems likely to push higher towards TL resistance. ⚡️⚡️ #XRP/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.4X) Amount: 5.0% Current Price: 0.3924 Entry Targets: 1) 0.3907 Take-Profit Targets: 1) 0.4593 Stop Targets: 1) 0.3449 Published By: @Zblaba $XRP #XRPUSDT #Ripple #XRPL #XrpLedger Risk/Reward= 1:1.5 Expected Profit= +59.7% Possible Loss= -39.9% xrpl.org
Long
by TradingOn
BTC - Still Bullish - For Now! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then. We will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📌 If we break below 26,700 expect a bearish correction to start till around 25,000 support. 🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in gray around 28,500 In this case, a movement till the 30,000 weekly supply zone is expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16