#Crypto Technical analyses ✍️- trading IDEAS 📈 | 🏂| Not a financial advice❗️ -Twitter: @CryptoJobs3- 🎯 My charts should help you for your own trading! 💎
The short term price action is very tricky. It was very hard to anticipate the last pump from 93k to 100K.
The current price of $BTC is clearly neutral and the battle between bulls and bears is very strong between the $92,000 and $100,000 levels! We can also clearly a noticed DOJI on the weekly candle!
However, as explained in my previous analysis, in the medium term I think the bearish correction is not over!🚨
Following my previous analysis; Here are the essential points to observe:📉 🔶Oversell area Monthly / Weekly⚠️ 🔶Bearish breakout & retest of the Flat Kijun daily (99,500$) ✅📉 (usually indicate sell signal & continuation move - 50% fib) 🔶Strong bearish rejection daily 🔶40 days uptrend channel (breaout & retest) ⚠️
💡I think a lot of traders have been tricked in recent days. (myself included). Don't hesitate to reduce your targets! As we approach the yearly close, we should see a big break with an acceleration in volatility!
Refer to the supports & level mentionned in my previous view!
🔔Bearish setup invalidation in case of DAILY CLOSE above 99,500$
As mentionned in my medium term view, prices is moving into a very neutral area: 92,000 - 100,000$
I still think that a deeper correction toward 83,000; 85,000 or 78,0000$ (medium term).
Zooming on the daily view, if prices are unable to break above 100,000$ we could see an head & shoulder pattern scenario (daily view)! This possible scenario may be invalidated in case of clean breakout & bull reaction above the red resistance.
At the moment, prices keep consolidating far above weekly / monthly key support. inside this area, it's tricky.
Many #altcoins are getting rejected at key resistances, we may see a short term pull back on the market⚠️
Local key support: 97,200$
I recommend to be cautious on this sunday. I setted lower entries & DCA for long on #Alts .
Weekly view = Bullish retest 📈 Look at the lagging span reaction (weekly close) accuracy exactly on the trend line (blue)! Prices could continue to move toward the next big levels: 1.55 - 1.75$ & 1.91$
Daily view = Neutral! M30 / H1 uptrend has been break by the downside! ⚠️ Key resistance to be break = 1.1300$
Key support to be maintained for the bulls (long term): 0.7950$
To resume: Weekly view looks open for more growth in prices Key resistance touched and neutral zone!⚠️ I think that prices could test again the 1.010 or 0.9800$ support zone, before to see another pump! 📉
💡Lower entry recommended for longs, or wait for resistances to be breakout! 💡Possible setup in my H4 view.
I'm very bullish for the long term regarding the FA & blockchain solution building! 📈 Prices is in my opinion insanly cheap yet! Mcap = only +/- 15M Community behind the project & blockchains stats are also insane! 🐋
Without a strong community, you can have the best project & tech, but prices could stay low! Technical matters: I think that's prices is moving into a long term accumulation phase!
Range low [Weekly support zone] 0.000550 - 0.000700$
Range high: (resistance) 0.001100 $ - 0.00120$
The last daily candle close above 0.0007500$ was pretty bullish and we may see a pump to test the 0.0009100$ level (short term) 📈
🚀A breakout of the range high could lead to a 500% pump and more! 📣A Safer entry for SPOT long can be a weekly candle close above 0.0001180$!
❗️As long as the daily candle hold above 0.0005800$ there is nothing to worry for the bulls.
Im already in long positio, and I will wait few month more🎯 No patience, no conviction = no gains!