Bitcoin Enters Ending Diagonal Form. A Sharp Return to $18K OTWBitcoin looks to find more upside action as the Ending Diagonal pattern begins to take form. A completon of this pattern solidifies the anticipated, sharp return towards $18K. $12K and below have been off the table for weeks now. Support near $18K would confirm this theory.
Digitalcurrency
Bitcoin(BTC/USD) Massive selloff Incoming!!!!Based on the volume data and POC level we see huge spike of massive liquidation around 27k-25k at which the current price is slighting trading, we need to watch careful cause its in confluence with the weekly to h4 timeframe ,
Price is currently having a hard time to break the 25K and we see huge incoming spike in bearish volume, so we need to be careful and capitalize on the sell off
Nice risk to reward but be cation cause bitcoin is volatile, entry will be when we get a massive liquidity grab and around 25K-27k
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ETHEREUM BEARISH SCENARIOETH price may find support near $1,315, and a bearish breakthrough of that level might open the door to more selling to $1,275. A lot of uncertainty on crypto regulations is pulling investors from classic projects like ETH and BTC and pouring into the new generation of crypto assets such as Solana and Cardano. SEC is pressured and this is considered a ticking bomb with multi-directional shrapnel that might end a few giants and crown the new era.
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BTCUSD Short Target: $10,000 to $14,000
Why?
1) Gold and Silver appear to be nearing bottoms.
2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use.
3) Contrary to bitcoin's stellar performance in the wake of the 2020 covid-related equities sell off, I am betting that price declines and volatility in the equities markets is bad for the price of bitcoin at this point in time.
4) Additionally, I believe non-professional and amateur stock traders with significant capital will find better results and more significant capital appreciation trading orthodox commodities like energy, metals, livestock, and agriculture.
5) Finally, I believe political pressure will result in legislation that allows economic superpowers to sanction cryptocurrency transactions similarly to how swift transactions are sanctioned during times of global conflict.
But, as always, this is just one opinion!
BTC BEARISH FLAG BREAKEDOWNBITCOIN bearish flag on point to cover the space of long-term buyers. Well, investors should be getting set for a long time investment. 17k is the next key support of BTC after breaking down out of the up-trend channel. If you found this helpful kindly like and comment below. Thanks
BTCUSD (up then down)Just an idea and trade at your own risk.
Bitcoin still remains bearish.
Bitcoin is currently in a short uptrend correction phase (white lines) after breaking the support (previous demand zone) the red dashed highlighted area.
Short term Bitcoin bullish to finish its correction phase and reach the upper downtrend channel (red lines) to retest the previous broken support demand zone (currently the supply and resistance area) at area 28k-30k, before resuming its down fall to next targets at the lower downtrend channel at area 12k-13k.
DOTUSDT (Polkadot) making a move higher ?When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple) BNB (Binance coin) BCH (Bitcoin Cash) and MOF which is one of the assets owned by the Hyper Tech Group.
DOT from a technical viwpoint has found support from a rising trendline and may well be headed higher if we see BTC rally.
All bets are off with which way crypto is headed over the next month or so but there are bargains out there and the adventerous with a spare few dollars might want to take at any or all of the coins I've listed.
Usual rules apply when buying crypto assets. Only use money you don't mind losing. Personally, I think purchasing digital assets is a safer play than NFT's which I'm not convinced about.
BITCOIN – CASH: Inside Bar PatternBITCOIN (BTCUSD) – CASH: Inside Bar Pattern
(WARNING NOTE ON CRYPTO CURRENCY: As Bitcoin and crypto currency doesn’t form perfectly clean signals most of the time, we will only annotate the clearest and well-pronounced signals that form at confluent areas on the charts. Therefore not all price action signals/patterns will be annotated or discussed. TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed an Inside Bar Pattern right at the 42600 level, late last week.
Potential Trade Idea 1: For aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering buying on a deeper retracement lower and after a price action signal on the daily or 4 hourly chart time frame, within the 34300 to 37550 support range (prior Event Zone).