BTC is unable to break above $71500. So the whole market saw the volatility and it dropped below $69K.
To understand the sentiment of the market you need to understand the levels at which the price is trading. For the sake of simplicity, I will divide it in three levels.
Level 1= BULLISH (Above $71K)
Level 2= State of Un-Decision (Below $71K but above $67K)
Level 3= BEARISH (Below $67K)
You will see the sentiment of the market will change with these level and the influencers and content writers will change with these levels.
You gotta keep an eye on the BTC price if its on Level 2. If BTC falls below $67K it will drop around $62300-$63800.
👉 Please DYOR before you open or close any trade. 👉 Please keep in mind the market volatility. 👉 This is not a financial advice.
Currently trading around $71304 $BTC is performing exceptionally good and looking strong to hit another ATH. This sounds crazy and even more exciting than the previous one. To me BTC will hit ~$74590 and it will be interesting to see where would it lead to? There are lots of speculations about $80K and $100K but can't say at this moment and we will see what would be the price discovery for $BTC .
What i am expecting that after hitting a new ATH $BTC price might get crazy and will lead to something around $80K. There might be some price correction as well, but I don't think it will be that much to worry about. Things are looking really exciting and everyone is excited to see where it leads to.
As always, 👉 This is just an information post 👉 Please DYOR before you open any trades. 👉 Please keep in mind the market volatility and News.
$BTC is Going for ANOTHER ATH???? 🚨🚨 BTC is already above $68K and going to test $69K resistance. This is important resistance and if broken then it open the doors to new ATH. I am hopeful that if we break above 69K real quick then we might see $71K in this week.
👉 This is not a financial advice. 👉 Please DYOR before you open any trade 👉 Always keep in mind the market volatility and news.
If you have been following me or maybe other binance square feeds you might have heard a lot about $67K. And finally after taking a deep dive we are again back to 67K. If you are a new trader it will always be very confusing 🫤 for you to take any decision. Because there are always voices that will tell you that we going lower even when are already low and higher when we are already at high. No one can exactly guess how low are high we are going. So you should always be careful about it. The best practice as far as i can see is to accumulate slowly and gradually. Not to put all of your money at one point and in one pot. Always keep extra liquidity for anything that is cheaper than you expected. Coming back to $BTC , we are already at 67K. To me 67K is very important resistance and support and also a pivotal point which means we might visit this point in future as well. We might visit 100K or 120K and then there will be time when we visit this point in a dip who knows. If weekly close is above 67K then we are going for another ATH in the coming days. You might also be ready, if you are a cunning trader for something cheeky as well. There are always unexpected moves when it comes to the Cryptocurrency.
$BTC BIG MOVE !!! Don't say that, you were not informed! In my previous analysis, I pointed out that the momentum that was building was going to push #BTC price pretty soon. There are sometimes manipulation to kick new traders, hunt some stop losses. So in a bit bigger picture it was imminent.
Now what's next? If BTC keep building this momentum and pushes through $67K which is a bit difficult for BTC but not impossible. If it happens, I am looking BTC around $70K in next few days. But like always this is not just a straight journey. So be always prepared to expect wicks. If you know the important areas of price you will always know where you should expect wicks.
To me things are looking good and we will see some good gains in Alts as soon as BTC stabilizes around $70K.
Support: $63K will work as a support if somehow go below $65K
Don't listen to the guys just posting random stuff and getting attention. You will end up losing your hard earned money. Stick to your own plan.
👉Please DYOR before you trade. 👉 This is alnot a financial advice. 👉 Please keep an eye on market volatility and news.
$BTC is noe tested the support which was working as resistance before and was broken in previous rally then it dropped again and was taking its time.
To me it's in good shape and has regained some momentum, if it breaks $63000-$65000 again then i am expecting a very good and big move ahead. If it isn't able to break above this area which means it's making another lower highs and the downtrend will still continue.
👉 Please DYOR before you make any trades 👉 This is not a financial advice.
If you have been following different people and listening to them, you MUST be very confused 🤔 and don't really understand what's happening to BTC? One day it's dumping, then you might see a very good rally you are like it's now Bullish and then it is again going down liquidating both ways. People who claim "BTC is going $100K" and those who claim "No! It's going $52K first" looks like 2 sides of a coin 🪙 , yeah the BTC coin!
I have attached 4H TF chart, its not a bigger picture but let's dig it up from here.
👉 In every TF BTC is still downtrend since ATH. 👉 In 4H TF it's again again dropped below the trendline. 👉 And if you see closely there is a wick rejection at $65K.
Other confluences: 👉 RSI doesn't look good 👉 Volume is not there. 👉 Candles 🕯️ are not bullish at all.
So what's happening here??? I think 🤔 you already know that!
👉 This is just an educational post 👉 This is not a financial advice please DYOR
BTC dropped since my previous post and touched $56550. I was expecting a drop around $52K but the buying pressure was pretty high and price didn't drop to what i was expecting. Which resulted in a very good bounce back to previous position.
BTC is now trying to break the resistance around $63000 and I am expecting the price may drop because RSI is already overbought and this resistance is already proving to be strong enough.
If the price breaks through the resistance then we might see very good buying pressure and price may jump ever further.
👉 Please DYOR before you invest 👉 This is based on Price action and if for information only 👉 Please keep in mind other market factors and volatility.
Since $BTC has dropped below $69K, it has been trading below and never not been able to touch $69K again.
Recent drop in volume and RSI is still indicating that we may atill visit $59K pretty soon or even below that. I have a feeling that market is not going bullish unless it makes a good dip. So as long as the price hasn't seen a good movement towards $55K area I am not switching my sentiment towards bullish.
My targets for the next move are:
🎯 $59000 🎯 $55000
If BTC breaks the resistance around $69000 area we will be bullish. Untill then 🧸
👉 Please DYOR before you invest 👉 This is not a financial advice 👉 Please keep in kind the market volatility.
Currently trading at $13.594. After the previous drop around $10.65, ICP has recovered along with other alts.
Icp is trying to break above the resistance around $13.70 area. If you observe the 1HTF, You will notice ICP is respecting this area as a support and now turned into resistance. It is been trading below this area for almost 2 days straight.
Once the momentum gets into icp and helps it break above we are going to see $15.72.
Update: Price is seeing rejection so the drop in price is expected to the following support areas. (Edited)
Support $13.22 $12.65 $12
👉 Please DYOR before you invest 👉 This is not a financial advice. 👉 Please keep in kind the market volatility
$SOL currently trading around $154 is facing resistance at this point. Once broken above the resistance line (dotted green line) we will be looking to $175
If rejected in 4H TF then we may see price drop around $140.
🎯 $175
👉 Please DYOR before you invest 👉 This is not a financial advice 👉 Please keep in mind the market volatility
$W is trading inside a descending channel since its ATH $1.86 and suffered a lot of price depreciation during last night dump. I have attached 15M TF and 4HR TF to show the broader picture and the short term picture.
In short term it is facing small resistance around 0.62 and seen a rejection so it most likely to test support around 0.555. (Also Because the $94K worth of supply will be unlocked daily till 20 April.) -Edited
In long run i am expecting it to test resistance around 0.650-0.680 and price may break out.
My potential targets for long term are bullish
🎯 $0.812 🎯 $0.950 🎯 $1.165
👉 Please DYOR before you invest. 👉 This is not a financial advice. 👉 Always keep in mind the market volatility.
Sorry for the mess on below chart, just focus on the 2 green support lines. I have already presented my idea few days back about BTC. I think this correction was much needed before going further up. Market has been consistently in uptrend for past few weeks. These two green support lines are important to me and this is where I am focusing for the next days. $59000 support should hold and we need to see aome bounce from this point. If we are unable to hold here we may see more price depreciation.
👉 Please DYOR before you invest. 👉 This is not a financial advice.
Don't miss this article and I will tell you the secrets of this business today. It's a bit lengthy to cover but i will try mu best to keep it simple. Some of you may have heard this word before and will keep hearing forever.
What is market manipulation? When someone artificially affetcs the supply or demand for a security causing it to rise or fall for no reason is called Manipulation.
If you want to know the history you may use google or wikipedia, what i am going to share is a recent one.
I have been following few TG groups having hundreds of thousands of members (even in millions) who manipulate the market. They promote the coin they want to pump and timing is shared among different groups.
They invite members to buy premium membership so that they are informed early.
Membership fees are in hundreds of dollars typically $250-$1000.
Today they targeted STRIKE from Kucoin market and the screenshot is given below.
Coin pumped from $13 to $86.67 in 5 minutes and then drop back to normal.
This coin is ranked 467 and has a marketcap of 64M and has traded a volume of 6M in a few minutes of trading.
Chart in CMC is showing $24 high price even though it touched $86.
There might be some traders who are trapped at higher prices and may not be able to get their funds back. But those who are doing this for years they make it 5 to 6 fold in few minutes. For example If you invest like $1000 you will get around 75 tokens and if you sell at 80 you will make $6000 in 5 minutes or less.
Even after the previous sell off by the US Govt. BTC managed to pull back pretty quickly and is trying to break the resistance around $69300 area. TBH I was not expecting this and was expecting a drop around $62000-$63000 as mentioned in my previous post.
If BTC is able to break above the resistance and closes then we might see it around the targets mentioned below.
Important Areas: 🎯 $70000 🎯 $72400 🎯 $73700
If $BTC is rejected at this point and is looking weak at the time of writing. I see a wick rejection in 1H TF. But i will be looking for 4H candle close. If 4H candle rejected then the support will be: Support $67700
👉 Please DYOR before you open or close any trade 👉 Cryptocurrency is highly volatile. 👉 This is an educational post not a financial advice.
Current Price: $70404 ‼️ This perspective is based on price action which I was expecting BTC to continue to follow and is being presented as an educational purpose and for the sake of more understanding the market movement. It is not recommended to follow but to analyze the movements of the market and potential areas it might visit.
👉 In the chart given below, I have used 3 yellow resistance lines the BTC price has been respecting. 👉 I have used FIB to draw support and resistance areas to get confluence. 👉 So far BTC has been following these areas and the price has either respected the areas and if ignored in one move, these areas are visited in the next move.
👉I have posted the image in which BTC is following the same pattern for past 13 straight weekly candles which is circled and is also copied in a rectangle near the current price. ‼️If BTC continues the same pattern then:
I am expecting BTC to make 2 more consecutive green weekly candles and then make another ATH and with that a quick drop to $50500 area again.
This might lead to a correction before going again to another ATH.
‼️ If BTC doesn't make two straight green weekly candles, 1 closing today and 1 next week. Then this chart 📊 is invalidated.
⭕️ This is just an informational post. ⭕️ Please DYOR before you open any trade or invest money. ⭕️ Always keep an eye on market volatility.
Current Price: $65200 If you were following me, you must have secured your positions after my previous post. Please feel free to read another post on my time line which was even posted a day before this crash 💥.
🙏 And thank you for the support and positive feedback. Let's get started:
We dropped below $67K and price fell below the channel in 4H TF.
As per my previous post we are going to visit $62300 area.
And this might work as a support or we may even go further down to $59K.
But at this moment I would not prefer to say that if we are going that low even though i have an odd opinion of visiting the area around $52K (Please read my post titled: BTC Another Perspective )
Please hang out and have funds to buy your favorite alts and BTC when the targets are visited.
🎯 $62300-$63000 (Buy 30% here if you see a Rejection) 🎯 $59000 (Buy 30% here if you see a rejection) 🎯 $52000 ( Sell your Truck, 🏠 or apartment and buy the dip)
Soft Reminder: 👉 Please DYOR 👉 This is Not a Financial advice. 👉 Cryptocurrency is highly volatile stay safe.
Current Price: $70404 ‼️ This perspective is based on price action which I was expecting BTC to continue to follow and is being presented as an educational purpose and for the sake of more understanding the market movement. It is not recommended to follow but to analyze the movements of the market and potential areas it might visit.
👉 In the chart given below, I have used 3 yellow resistance lines the BTC price has been respecting. 👉 I have used FIB to draw support and resistance areas to get confluence. 👉 So far BTC has been following these areas and the price has either respected the areas and if ignored in one move, these areas are visited in the next move.
👉I have posted the image in which BTC is following the same pattern for past 13 straight weekly candles which is circled and is also copied in a rectangle near the current price. ‼️If BTC continues the same pattern then:
I am expecting BTC to make 2 more consecutive green weekly candles and then make another ATH and with that a quick drop to $50500 area again.
This might lead to a correction before going again to another ATH.
‼️ If BTC doesn't make two straight green weekly candles, 1 closing today and 1 next week. Then this chart 📊 is invalidated.
⭕️ This is just an informational post. ⭕️ Please DYOR before you open any trade or invest money. ⭕️ Always keep an eye on market volatility.