A crypto influencer.. Everyday I release my analysis of bitcoin come let's trade with me..."If things are not falling u r not innovating enough" Let's do......
#Eth chart ETH actually looks really good, by the way. We’re trading around the support zone, and before that we already flushed out the longs with tight stops. I don’t know about you, but I’m expecting $2,900 in the near term..... what are u rs thoughts guys comment below.. I have opened a small long let's see
As mentioned yesterday, once the Bitcoin supply zone at $62k was flipped we were likely to see $64k. This is exactly what happened and $64k is the current resistance. BTC does still look strong and it seems most likely we see a push towards the next daily supply zone at $65k - $65.6k. Any move down on BTC today and we would be looking for that old $62k zone to hold first.
Good news for altcoins overnight- BTC dominance has dropped and many alts are outperforming for the first time in a while. Let's see what we get today.
Bitcoin is still looking good after yesterday's 50bps rate reduction. A strong breakout above $60.5k (Prev Week High) and now BTC is looking for acceptance above $62k. So far $60.5k has not been retested after the 4 hour breakout so keep an eye on this level.
The current level of $62k sits in a supply zone, but if this is flipped we are looking at $64k next and then up towards $65.6k (Previous Month High.)
After a strong move for Bitcoin yesterday, pushing above $61k, the daily candle was unable to reclaim $60.5k (Prev Week High.) This is major daily resistance for now. However, BTC did break the zone of $59.1k - $59.6k where we have the Monday High, Daily EMA200 and DM VAH. This is an area we would be looking to hold on a retest, but we must remember that we have FOMC today.
This is the most important meeting of the year, and the outcome is more undecided than usual. This is very likely to lead to wild volatility with support/ resistance levels broken. It is key that we trade extra safe today.
This week, traders are more focused on the Federal Reserve's decision on interest rates and the upcoming US retail sales data. In addition, a few other countries also reveal their decision on Interest rates such as the UK, Brazil, Norway, Turkey, and South Africa. The Japanese and Chinese central banks are also set to make some announcements along with Taiwan and Indonesia. These events may impact the volatility of Bitcoin and the overall crypto market.
conclusion::
Bitcoin and Volatility are closely interlinked. Therefore, to navigate these turbulent times, it is essential to monitor important economic events and market responses.
In addition, Tether Treasuries minted another lot of USDT worth 1 billion on September 16. These fresh stablecoins have sparked a bullish sentiment among the crypto community. Moreover, analysts are anticipating an increase in demand for Bitcoin and other altcoins as investors may capitalize on the stablecoins for potential market opportunities.
overall lets meet tomorrow and watch how market takes turns Goodnight guys.. Have safe and emotion less trading.....
$BTC has reclaimed the $60k level, which is an important pivot point. Liquidity zone above the last ATH seems more likely now.
On the other hand, the Bitcoin dominance (BTC.D) is at a major htf resistance level, and the uptrend is losing strength. This idea is supported by the bottom formation on the altcoins dominance chart (OTHERS.D). This is why despite using BTC as a reference for market direction, the focus and money should be on altcoins.
In my opinion we are about to enter an important impulsive bullish wave, where altcoins should outperform. The plan is clear.
We are seeing low volumes for Bitcoin at the moment which is to be expected considering tommorows FOMC will be the most important of the year. Many people are waiting to position, so right now patience could be the best trade for $BTC. $59k remains resistance where we have the DM VAH and Daily EMA200.
If we get another sell off after the US stocks open, we are looking for $57.5k (Monday Low) to hold or it is likely we will visit closer to $56k. Let's see how things develop in the next couple of hours.
Bitcoin closed yesterday below $59.3k which is the current daily EMA200. This was great news for our short position, giving some nice profit after the full zone filled. For those long, this is not what they wanted to see as we could see this become resistance now.
Although BTC had a bounce this morning from $58k, we can see that it has given a clean rejection from $59.1k (DM VAH) which is another key level that was lost overnight.
👉 This morning, I provided information on the two possible ways to form the Resistance Level in the 1H chart. The second way is currently in progress, similar to the 15m chart not breaking resistance, resulting in a drop to 37050 and the successful creation of the Resistance Level at 37375.
👉 Please keep in mind that all timeframes are showing bullish momentum. Therefore, BTC may break back-to-back resistances as it did last night with the 15m chart and 1H chart. Please await the breakouts; once achieved, BTC will be ready to rise to 38200.
👉 It's important to note that I consistently provide accurate analyses. Everyone can follow this information and trade with sufficient funds to avoid any sudden market changes. Avoid high-risk trades.
👉 In the evening, BTC broke the Upper Support Level 36441, indicating a potential break of the Lower Support Level. However, BTC has formed a successful reversal trend and broken the Resistance Level 36622.
👉 BTC is now poised to trade above 37,000. It is already in extraordinary Bullish Momentum, as all timeframes maintain this bullish trend. Therefore, everyone should hold their long positions with sufficient funds.
👉 I consistently provide accurate analysis. It's crucial for everyone to follow our information carefully to benefit from our analysis. I always recommend trading with enough funds and proper risk management.
👉 Yesterday, I was quite tired due to some personal matters, and as a result, I couldn't provide much information at night. I observed that BTC reached a maximum of 37020.
👉 As per the 15-minute chart, BTC currently has a resistance level of 36622 and a support level of 35993. BTC has maintained a bullish momentum from yesterday evening until now. The price of BTC seems poised to rise, so I believe it will break the resistance. Once successfully broken, BTC is likely to move above 37,000.
👉 According to the 1-hour chart, BTC has a current resistance level of 37885 and a support level of 35936. The 1-hour chart has maintained the resistance level for the last two days. However, a new support level was created yesterday. Possibly, a new resistance level will form today, as the trends appear ready to rise.
👉 Please bear in mind that all timeframes are indicating a bullish momentum. So, everyone should hold onto their long positions until receiving updates from me. As I mentioned earlier, our second destination is 40,000, and we expect to reach it soon. Don't react to fake or rumor news. If anyone panics and sells, use that opportunity for Dollar-Cost Averaging (DCA). You will earn more that way.
👉 Everyone should trade with enough funds to avoid liquidation from sudden market movements. Sudden market movements can occur at any time, and no one can predict them. Therefore, we need to trade with proper funds. I always advise everyone not to take risky trades and avoid emotional trading.
Thanks for your support and love. Have a great day ❤️.
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The weekend chop continues for bitcoin, with each 4 hr candle closing inside a $150 range. Clear support at $27.8k for now..
Acceptance above the DM VAH at 28k is the big level of resistance to over come. keep any eye on any test of the support trend line too, which has been for the past 2 weeks....