LIVECryptoUS
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Founder 'CryptoUS'
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Technical analysis of $BTC on October 23
Has it been shortened yet??? This is a question that many short guys are probably looking for. So in today's article I will give a little personal perspective.
As my previous 3 analysis articles mentioned, the short zone is around 30k, specifically from 30k5 to 30k9. At the time of this writing, the price of #bitcoin is 30k7, it is already in the short tracking range. But we need to evaluate the chart to find a better entry point and reassess whether the trend has reversed.
4h frame: Completed 3 eliot waves and RSI has shown signs of phase reversal. But the candlestick is still above the rising trendline, although it is encountering a large resistance area in the 1D frame from 30k7 to 31k5. If in this area there is a buying force large enough to break this resistance zone, the story will turn out differently and BTC will probably increase to the 35k - 36k area (the next major resistance). Therefore, we need to observe more to see if the next candles will destroy the upward trendline in the 4-hour frame before deciding to enter a short order. Currently, the uptrend is still going on.
Hopefully this analysis will help the short side give another perspective!!! good luck ^^
#binance #crypto2023 #crypto
Has it been shortened yet??? This is a question that many short guys are probably looking for. So in today's article I will give a little personal perspective.
As my previous 3 analysis articles mentioned, the short zone is around 30k, specifically from 30k5 to 30k9. At the time of this writing, the price of #bitcoin is 30k7, it is already in the short tracking range. But we need to evaluate the chart to find a better entry point and reassess whether the trend has reversed.
4h frame: Completed 3 eliot waves and RSI has shown signs of phase reversal. But the candlestick is still above the rising trendline, although it is encountering a large resistance area in the 1D frame from 30k7 to 31k5. If in this area there is a buying force large enough to break this resistance zone, the story will turn out differently and BTC will probably increase to the 35k - 36k area (the next major resistance). Therefore, we need to observe more to see if the next candles will destroy the upward trendline in the 4-hour frame before deciding to enter a short order. Currently, the uptrend is still going on.
Hopefully this analysis will help the short side give another perspective!!! good luck ^^
#binance #crypto2023 #crypto
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$Technical analysis $BTC October 22
As in the previous 3 analysis articles, BTC has returned to test the 30k area (psychological resistance area). Buying force is showing signs of decreasing as the 1D frame RSI begins to reach the overbought zone. The market at this stage, according to individuals, will sideways or lightly test the 30k5 - 30k9 area to kill the short before adjusting to the red dotted area in the picture. Personally, I'm looking for a point to short in this area, but perhaps the market will be less volatile until November 2 - the day the FED announces interest rates, so I'm still observing. At this time, I can't comment on the market. The school will always be able to download or upload. Wish everyone a happy weekend!!!
#binance #crypto2023 #bitcoin
As in the previous 3 analysis articles, BTC has returned to test the 30k area (psychological resistance area). Buying force is showing signs of decreasing as the 1D frame RSI begins to reach the overbought zone. The market at this stage, according to individuals, will sideways or lightly test the 30k5 - 30k9 area to kill the short before adjusting to the red dotted area in the picture. Personally, I'm looking for a point to short in this area, but perhaps the market will be less volatile until November 2 - the day the FED announces interest rates, so I'm still observing. At this time, I can't comment on the market. The school will always be able to download or upload. Wish everyone a happy weekend!!!
#binance #crypto2023 #bitcoin
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. Analysis of $BTC on October 18
If everyone follows my previous 2 analysis posts, you will clearly see that my view is always 30k and then shorted. And up to now, although the candlestick of Btc has reached 30k and then decreased to the resistance area 28k3 to 28k5 as shown in the black box in the image below, the trend to 30k has not ended.
Frame 1D: The price line broke MA100 and the ichimoku red cloud area moved upward with very strong momentum. And if btc accumulates in this area in the next few days, the resistance zone 28k3 to 28k5 will hardly be able to stop the uptrend of btc. And my goal is still to test the 30k area again. and select the short point here again.
#binance #crypto2023 #crypto
If everyone follows my previous 2 analysis posts, you will clearly see that my view is always 30k and then shorted. And up to now, although the candlestick of Btc has reached 30k and then decreased to the resistance area 28k3 to 28k5 as shown in the black box in the image below, the trend to 30k has not ended.
Frame 1D: The price line broke MA100 and the ichimoku red cloud area moved upward with very strong momentum. And if btc accumulates in this area in the next few days, the resistance zone 28k3 to 28k5 will hardly be able to stop the uptrend of btc. And my goal is still to test the 30k area again. and select the short point here again.
#binance #crypto2023 #crypto
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Technical analysis #btc October 11
The BTC weekly frame is preparing to escape the ichimoku red cloud area - the bearish area and reach the intersection between the two cloud areas at the end of October. Prices will often fluctuate strongly in this area. It coincides close to the FED's interest rate announcement date in early November.
According to the predictions of many experts, it is likely that the FED will keep interest rates unchanged at the next meeting, so there is no strong momentum to push the market further down, in my personal opinion.
Currently, BTC is being supported at the MA7 weekly frame, and the next hard support is the blue MA50 below. My personal opinion is still watch to 30k and wait for a short there!
#binance #crypto2023 #crypto
The BTC weekly frame is preparing to escape the ichimoku red cloud area - the bearish area and reach the intersection between the two cloud areas at the end of October. Prices will often fluctuate strongly in this area. It coincides close to the FED's interest rate announcement date in early November.
According to the predictions of many experts, it is likely that the FED will keep interest rates unchanged at the next meeting, so there is no strong momentum to push the market further down, in my personal opinion.
Currently, BTC is being supported at the MA7 weekly frame, and the next hard support is the blue MA50 below. My personal opinion is still watch to 30k and wait for a short there!
#binance #crypto2023 #crypto
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Technical analysis of#bitcoin7.10
The most beautiful scenario in my opinion right now with $BTC . The trend index is still leaning towards the bulls after BTC broke out of the diagonal resistance line.
Currently, BTC has tested the MA100 resistance 3 times, it seems that the price is about to break this resistance line and it is likely that BTC will retest the price of 30k in the near future. Let's wait and see!!!!
Wish everyone a happy weekend!!!!
#binance #crypto2023 #cryptonews #crypto
The most beautiful scenario in my opinion right now with $BTC . The trend index is still leaning towards the bulls after BTC broke out of the diagonal resistance line.
Currently, BTC has tested the MA100 resistance 3 times, it seems that the price is about to break this resistance line and it is likely that BTC will retest the price of 30k in the near future. Let's wait and see!!!!
Wish everyone a happy weekend!!!!
#binance #crypto2023 #cryptonews #crypto
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✅The statistical chart of #bitcoin 's growth percentage over the months and years shows that a blue color predominates in October. Only twice, October 2018 and 2014, did Bitcoin have negative growth. 2 days left until October, let's wait for the green color of Bitcoin and the crypto market!
Wishing everyone a warm Mid-Autumn Festival night with family and relatives!!!
#binance #crypto2023 #crypto
Wishing everyone a warm Mid-Autumn Festival night with family and relatives!!!
#binance #crypto2023 #crypto
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$BICO had a huge push through the ichimoku red cloud, breaking the 0.25 frame 1D resistance. But if to maintain the uptrend, we need to retest the 0.25 area, which is now new support. Is the uptrend stable and maintained or is it just quick pumps? The RSI index and money flow have both reached the overbought zone.
Personally, I think the price will return to the 0.25 area or below. Now watch the entry to short!! Need to wait for more specific signals.
The above are just personal shares and not investment advice.
#binance #crypto2023 #crypto
Personally, I think the price will return to the 0.25 area or below. Now watch the entry to short!! Need to wait for more specific signals.
The above are just personal shares and not investment advice.
#binance #crypto2023 #crypto
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📣 Technical analysis #bitcoin September 28, 2023
📊 4H Frame:
At 15:00 Vietnam September 27, the market had a strong buying force pushing up from 26k2 to try to break the diagonal resistance of the black line and test the resistance area 26k7 - 26k8 (black square frame) but immediately the selling force was over. Responding with a long red candle immediately after that brought Bitcoin price back to 26k2 and moving around that area until now.
✅It seems that buyers and sellers are still competing in this price area. The buyer is trying to maintain the Bitcoin price above 25k, while the seller is still trying to push the price below 27k when the $3.1 billion USD BTC Option contract will expire on Friday at 13:00 Vietnam, equivalent to 117 thousand BTC above. Deribit, the Max Pain price of $BTC is $26,500. According to personal opinion, this tug-of-war trend will continue until the end of the week.
➡️The above are just personal shares, not investment advice, wish everyone a good day!
#binance #crypto2023 #crypto
📊 4H Frame:
At 15:00 Vietnam September 27, the market had a strong buying force pushing up from 26k2 to try to break the diagonal resistance of the black line and test the resistance area 26k7 - 26k8 (black square frame) but immediately the selling force was over. Responding with a long red candle immediately after that brought Bitcoin price back to 26k2 and moving around that area until now.
✅It seems that buyers and sellers are still competing in this price area. The buyer is trying to maintain the Bitcoin price above 25k, while the seller is still trying to push the price below 27k when the $3.1 billion USD BTC Option contract will expire on Friday at 13:00 Vietnam, equivalent to 117 thousand BTC above. Deribit, the Max Pain price of $BTC is $26,500. According to personal opinion, this tug-of-war trend will continue until the end of the week.
➡️The above are just personal shares, not investment advice, wish everyone a good day!
#binance #crypto2023 #crypto
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📣Technical analysis #bitcoin September 27, 2023
✅Frame 1D: BTC is moving below the black diagonal resistance line number 1 below the picture and below the red ichimoku cloud. Thus, currently the downtrend is still dominant.
✅To break this downtrend, a strong impulse is needed to break the diagonal resistance line above number 1 and approach the next resistance area at 27k5 and 28k3. If Bitcoin breaks out of that zone and remains stable, a new uptrend can occur.
✅With the world economic situation still unstable and the FED's interest rate decision still unclear, investors' psychology is still very cautious. Many investors are predicting that there may be a final increase this year in November. This occurrence could lead to a decline in Bitcoin price to the support area below 25k.
The above are personal analysis, not investment advice. Wishing everyone a good day !
#crypto2023 #binance #crypto
✅Frame 1D: BTC is moving below the black diagonal resistance line number 1 below the picture and below the red ichimoku cloud. Thus, currently the downtrend is still dominant.
✅To break this downtrend, a strong impulse is needed to break the diagonal resistance line above number 1 and approach the next resistance area at 27k5 and 28k3. If Bitcoin breaks out of that zone and remains stable, a new uptrend can occur.
✅With the world economic situation still unstable and the FED's interest rate decision still unclear, investors' psychology is still very cautious. Many investors are predicting that there may be a final increase this year in November. This occurrence could lead to a decline in Bitcoin price to the support area below 25k.
The above are personal analysis, not investment advice. Wishing everyone a good day !
#crypto2023 #binance #crypto
