Btcusdidea
Btc Crypto market update
Pakistan Time: 8:44 AM
Bitcoin support levels $18,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - $19,500 and $20,000 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC support is at 18500 and Resistance is at 19500. There are two levels are the moment, lower level is at 18864 and upper level is at 19300.
Trade carefully and manage your risk between Support/ Resistance and Levels mentioned.
BTC dominance is at 39.8% and total cryptomarketcap is at 919 billion
Fundamental Events Pakistan time based
US PPI 5:30 PM
FOMC MEETING MINUTES 11PM
New members/ members who dont have trading experience more than 1 year should NOT trade during 5-6 PM and 10-11:30 PM. During the mentioned time it will be a great learning opportunity. look at what fundamental news will come and how the market will react.
BTC/USDT - Possible bearish XABCD formation! BULLS ARE BACK!Considering the inverse effect of DXY its still not too late to short sell BTC.
Following my previous analysis of Double Top Reversal, BTC continues to drop further. Currently my analysis is based
on the inverse effect $ has on BTC. My biased is to take a safe short trade upto TP1 as marked.
Btcusd bitcoin Btc Crypto market update
Pakistan Time: 5:33PM
Bitcoin support levels - 20,000 USD and 19,600 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
Bitcoin is forming a double top which is bearish pattern and soon we will see drop in Bitcoin price. Price may touch the support area of $19,600 where 200M.A also lying
There are are still signs of struggles in the crypto market.
The US Federal Reserve controlling measures against inflation.
With its approach of increasing interest rates and tightening other financial operation
Don't trade without stop loss
BTCUSDT Oct 1 22🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Bitcoin - no supplyAfter the third approach to the trend, the price went to test the zone of interest of the buyer.
Thus formed a trading range in the upper part of the buyer zone and the market went into a flat.
Inside the trading range we observe a false breakdown of the lower boundary and shakeout.
From the buy zone the movement resumes on the increasing volumes.
For further upward movement it is necessary to break the upper boundary of the ridge and consolidate above them.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTC Market Analysis 29/09/2022BTCUSDT pumped after the breakout of its symmetrical triangle but later it got rejected from the horizontal resistance which was also the main target of this symmetrical triangle. Currently $BTC is now trading above its key support levels which are marked in the chart i drew above.
If we see some Bullish Momentum here then there will be a bullish sign for BTCUSDT and overall ALT markets, on the contrary if there is a succesful breakdown below the current demand zone, it will then confirm a bearish move in the BTCUSDT and overall cryptomarket.
Let me know what you think!
MetaFutures.
$BTC Final Leg downOkay, I'm back. Been away for a while. Just sitting on the sidelines watching certain parts of the space make assertions for bullish runs back to the ATH, 100k, and bitcoin bottoms and even saw
a few who compare data from 3 years ago to now as if the economic conditions globally are the same.
Now there's nothing wrong with these assertions, however, I do believe they lack perspective because many aren't taking into account the current state of the world.
Nevertheless, nothing has changed in my analysis, thoughts, or personal opinions when it comes to the direction of bitcoin.
As is charted back in march the S&P500 the direction was down, why? because world as well as the U.S economy is in a terrible state. Even though the fed's didn't raise rates by that much then. I pretty much assumed they would do
what they did now. Which was raise rates by 75bps, because the obvious is happening. We are heading into a harsh recession.
I still feel that way now, but with inflation being a primary concern and the fed hiking rates by 75bps and continuing to hiking it to i believe to 150bps next the fed is using a method
called quantitative tightening (you can think of it as the fed putting inflation in a chokehold) to get hold of inflation , which hurts the stock market in the process and could last for 2 years.
With the fed trying to get a hold of inflation, the current state of the world, and U.S., and the performance of the stock market.
It's imperative to remember bitcoin and the whole crypto market isn't a mature market yet, it's fairly new.
So it's going to fall to the whims of stock market (mature market) movement because it's reflects investor confidence.
In other words and simply put whatever the stock market is going to do, bitcoin is going to do.
I made a chart previously that showed on the weekly TF that on the entire chart that most of the trading volume is at 9k.
Which tells me in regards to S/D trading technique that is where most of the demand is for $BTC.
This chart that i've have created should be the last leg downward for bitcoin.
As you can see on the chart bitcoin as drawn out the same patterns over and over. This is why i didn't understand why people were calling for bottoms at 17k?
Based on this bearish pennant that it's currently forming we should expect to see 9k btc, with the likely of touch as low as 7k briefly.
This all aligns with everything i have been saying since january, i have not changed my stance. Whether you like it or not.. we will see 9k.
I've told people months ago, to put money to the side because you're going to get an opportunity of a lifetime
with some cheap entries into your favorite projects. This is where millionaires will be made...😎 take advantage!
Levels and Price projections for BTCSo far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start.
1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support.
2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower).
3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-)
Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past.
This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊
BTCSUDTBitcoin is in an important decision zone!
At the moment, a widening would be better, which would give better conditions for a bullish impulse movement, followed by the strengthening of the support zone. However, the price is below the POC and below this there are liquidity zones between 12k and 10k, and the GAP of these areas has not yet been closed since the last high rally and to better support this argument, I also consider the significant gain in volume traded since May of this year.
Always remember that the market is year round and does what it wants. Therefore, this is just a speculative idea of mine and should not be considered as investment advice.
Gratitude
BTCUSD RETRACEMENT AFTER BIG DUMP!BTCUSD made a big dump after US continues to rise their interest rates and affects all USD pairs. A retracement will be expected after it continues to retest the current
support area around 19926.38. It will retrace and will possibly react around 20786.18 area as a first target and second target will be 21270.60. Confirmation of price action needs to be validated first
as the stochastic is also very oversold. #tyor #dyor
BTC - Number Go UP!Analysis:
- Support & Resistance
- Supply & Demand
- Order Block Flow
- Fibonacci Retracement
- Liquidity Zones
T1: Target 1
T2: Target 2
T3: Target 3
T4: Target 4
T5: Target 5
T6: Target 6
C: Correction Trend Line / Bias Shift
B: Bull Run Begins
Opinion:
BTC has bottomed and we shall have a nice bull run over the next few weeks/months
Number go UP!