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SasanSeifi 💁‍♂️🔵PYPL👉12H⏩ 72$ / 75$ Hey there, 🔱By examining the chart n the 12-hour timeframe, you can see that the price is currently following a downward channel trend. However, there has been a positive response as the price has managed to grow within the midline of the channel, reaching around the $69 price range. It's currently consolidating in that range.💹 ◼Looking ahead, in this 12-hour timeframe, one possible scenario to consider is if the support range around $66/$65 holds, we may see further price growth towards the important resistance level at $72, and even reach the supply zone around $75. To get a better understanding of the price trend continuation, it's important to observe how the price reacts to these resistance levels.💹 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌✨ ❎ (DYOR)...⚠️⚜️ 🔹Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! 🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
NASDAQ:PYPLLong
by SasanSeifi
2
Bitcoin 12H made it to $30K, now pulled back about $500 so farBitcoin held and made a move to the upside considering all the happenings in the markets. BTC needs to hold on this yellow trend line... If not we can see $28K, good support. Don't forget we got the FOMC rate announcement next month... talks of them pausing could send Bitcoin and Risk assets higher. Keeping an eye on Bitcoin dominance also to watch the money flow. Lets see how all this plays out. Good Luck Out There!
by BuddaCo_LifeStyle
ETH 12HR RSI Triple TopETH has had a great run since the $90 low in March 2020. But as we approach $200 it seems to be losing steam a bit and may be due for a correction. I don't like calling tops or fighting trends but there is some compelling evidence to indicate that $195 is a good short opportunity. The RSI on 12HR has clearly triple topped and price has been consistently dragging against the parabola uptrend for the last couple days with weak bounces off it. It would not be hard to imagine crashing through the parabola for a short-term ~10% TP target at $175. $195 is also right at the resistance level where we previously crashed through on March 11th 2020.
BITFINEX:ETHUSDShort
by gumbyguy
2
Bitcoin has just confirmed a very rare, +30% buy signalWelcome! You think you got clickbaited don´t you? Don´t worry, let me show you the way to valhalla. What we have is an extremely rare but also extremely bullish TA signal. The Ichimoku cloud. Not my favorite indicator as it flashes signals relatively rarely but when it does it´s time to pay attention, this one flashed this particular buy setup just for the 10th time in 6 YEARS. Anyway, we are witnessing a TK cross above the Kumo on the 12h time-frame, which is a very strong buy signal. How strong? Did some past analyses and on average we got at least a 30% move after the signal has happened, even during bear markets. In bull runs, this signal produced rallies of more than 70%! Past events are not indicative of future performance but if TA is anything to go off of we are looking at a pretty big upside for Bitcoin in the coming weeks and pullbacks are likely for buying. Lastly, you´re welcome to follow me on Twitter, where I post much more in depth analyses: twitter.com Until next time.
BITSTAMP:BTCUSDLong
by Mansasuma
Bitcoin // Week #30 // Consolidation continues (for now)Hello, Let's start with a macro view. Beginning with the 4wk chart, we can see that a doji star has formed. On the 2wk chart, we are nearing the end of a hanging man. Here, the Money Flow Index is overbought and heading down. The MACD is also showing signs of weakening. Zooming in closer, on the weekly chart, we can see a bull flag formation. The bottom of the bull flag is showing us buying interest. Near these levels is where I am buying. The MFI broke below the 80 mark about 3 weeks ago and is now hovering around 56. It should be noted that during the bull run of 2017, the weekly MFI didn't break below 50 and we shouldn't expect to break below it during this run. Also, I placed a possible wick zone from $8500-$7500. Anything is possible with Bitcoin and we should always be prepared. On the daily, we are currently printing a Breakaway candle formation. The MFI here is nearly below 40 & the MACD is also heading down. On a micro level, we can see on the 12hr chart (also on the 4hr - not pictured) that a rising wedge has been validated. Here, I have a couple of support/buying opportunities. Based on my macro & micro TA, it is my view that we are going to continue consolidating, while finding great day trading opportunities. Most importantly, long term buying opportunities should also be taken here. Technically and fundamentally we are in a bull market. Market action discounts everything: My current buying zones on the dips are within $10220 - $10000 Breaking below that we can find great buying opportunities near the bull flag support range of mid-low $9700 - low $9000 If we wick down below the bull flag, $8500 - $7500 is possible. Please comment and like. May the force be with you. - B
COINBASE:BTCUSDLong
by B_version256
1
BTC 12 Hr - Heikin Ashi, MA, BB, RSI +Overall Summary: Overall the last 7 days (9th - 16th of January, 2018) were bearish and I am bearish for the next 7 days. Bitcoin is trading in the $4000 to $3500 range during the last week, 81.7% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current down trend. The price is closest to the 100 MA with a trend towards the 100 MA. The volume has decreased over the last week, which is supporting the current price action. The RSI consolidated in convergence with the recent price action, a bearish signal. Finally the MACD decreased in convergence with the recent price action, but with some divergence in the last few days, overall a bearish signal. Detailed Summary: This chart uses 12 hour Heikin Ashi Candlesticks with a custom trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4000 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the 12 hour time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last week the price is closest to the 100 Moving Average and during this period it has trended towards/around the 100 Moving Average. The 100 Moving Average is currently acting as resistance while no Moving Average is acting as support. The key Support area is $3300 and key Resistance areas is $3600. I forecast in the next week that price will test the next support area. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last week the Bollinger Bands have expanded from $450 to $700. The increase in the Bollinger Bands width was due to increased price volatility during the last week. The wicks broke through the upper band on 0 half days, lower band on 3 half days and stayed within the bands on 12 half days. I forecast in the next week that the Bollinger Bands will consolidate and overall trend is bearish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in convergence with the recent price action. On a longer term time frame, the volume is in convergence with the long term trends. I forecast in the next week that the volume will decrease and this will support a decrease of price. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI consolidated to 38 and it is in convergence with the recent price action. It is demonstrating a bullish failure swing is when: RSI drops below 30 (considered oversold), then RSI bounces back above 30, then RSI pulls back but it is currently above 30 (remains above oversold). I am watching to see if it bounces above 30 strongly, a bullish sign. Otherwise if it drops below 30 I expect more bearish price pressure. I forecast in the next week that the RSI will decrease over the next week and this indicates a decrease of price. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 MA) and the second is called a Signal line (9 MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 MA are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in convergence with the recent price action but since the 14th it has started to increase in divergence with the recent price action. in the last . The MACD line crossed below the Signal line which was a bearish trend in convergence with the price action on the 10th. The MACD line crossed below the Zero line which was a bearish trend in convergence with the price action on the 11th. The histogram crossed below the Zero line which was a bearish trend in convergence with the price action. I forecast in the next week that the MACD will consolidate and then increase over the next week and this indicates decrease and then consolidation of price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - http
GEMINI:BTCUSDShort
by CarbiArbittrage