BTC is going exactly as we expecting. Breaks out from the triangle after the releasing of CPI data. It made a high of $18k level. Now we might see some retracement and a bullish retest of the triangle.
If BTC holds the retest level which is around $17,2k level then we see another bullish pump from there. Today FOMC meeting also so we might see some fake moves.
Let's see how this goes. Stay tuned and pin our channel at the top for more updates.
BTC UPDATE:- BTC is following our plan perfectly so far. Breaks above the $17k resistance level and currently trading around the $17.3k level. Now we need to hold that $17k level and then we are ready to test the next resistance which is at around the $17.7k level.
Let's see how this goes. We will keep updating you. Stay tuned and pin our channel at the top.
BTC UPDATE:- BTC is going good so far. Following our plan perfectly. Currently, trading around $16.8k level. We have two important resistance ahead one is at $17k and another one is at $17.7k level. First, BTC needs to break and hold above $17k level for more upside continuation.
Nearby support for BTC is at $16.5k level. If BTC rejected from here then it must hold the $16.5k level for another bullish movement.
Let's see how this goes. Stay tuned and pin to top our channel for more updates.
BTC UPDATE:- BTC is rejected from the $16.6k resistance level as we told you in our previous update. Currently, we have strong support at the $15.6k-$16k level which is still held by BTC.
Break below $15.6k will be bad for the market and then we might see another low. But as long as we stay above this support level there are high chances to go upside (18k-$18.5k level).
We will keep updating you. Stay tuned and pin our channel at the top.
BTC QUICK UPDATE:- BTC is forming a symmetrical triangle in the 4hr time frame and currently hovering near the upper trendline of the triangle. If BTC gives a breakout and close above the $17.2k resistance level then we might see a good bullish movement in the market.
On the other hand rejection from here and break down the triangle will take us to the new lows.
Let's see where it goes. As of now waiting for a clear movement.
Stay tuned and pin to top our channel.
SUSHI/USDT TRADE SETUP:- SUSHI looks good here. Breaking out from the symmetrical triangle in 1hr time frame and currently looks like a retest.
Target1:- $1.32
Target2:- $1.36
Target3:- $1.42
Target4:- $1.50
SL:- $1.21
Use low leverage (Max 5x)
Good risk and reward trade setup. So Long some here and add more in the dip.
1. BITCOIN LONG TRADE SETUP
Trend :- Bullish
RSI:- Bullish
MACD:- Bullish
TF:- 8 Hours
🔰 BTC looks Strong, Upside Continuation is more likely.
Long Area:- $20,456 to $21,250
Target:- $21,850, $22,343
Stop Trigger at:- $20,377
BTC LTF UPDATE:- BTC is forming a descending triangle pattern in 2hr time frame. Holding the $20k level very well so far. For a bullish scenario, BTC needs to break out from the triangle. If we get a clear breakout from here then we might see a good rally up to $21k-$21.5k from here.
On the other hand, breaks and a close below the $20k level will be bad for the market. Let's see will get a good breakout from here or another rejection. We will keep updating you.
Stay tuned and pin our channel at the top for more updates.
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BTC UPDATE:- Finally after a long time, BTC gives a breakout in the daily time frame. It breaks the descending triangle here and currently trading below the $20.4k resistance level.
Now from here, we have two possible scenarios. One is that we see a straight breakout of this resistance level or we might see some correction from here. If we get a correction from here then we start taking some longs. As of now wait for a clear move is much better to longing at the resistance.
Stay tuned and pin our channel at the top.
BNB/USDT Possible Scenario☝️
Forming a falling wedge-like structure in 2hr time frame. We might go to test the lower trendline of the wedge and that will be the best entry zone with low leverage. Once it breaks the wedge it might pump well.
Invalidation is given in the chart.
BTC UPDATE:- BTC is following the arrow perfectly so far. Now approaching the resistance which is at the $16.6k-$16.8k level. We need a clear break and close above this resistance level for a bullish continuation.
Let's see how BTC reacts this time near the resistance level. We will keep updating you.
Stay tuned and pin to top our channel.
ETH UPDATE:- ETH is moving inside a descending channel and bouncing beautifully from the channel's lower trendline and is currently, trading above the $1200 level. ETH has strong resistance at the $1270 level. Once we break and close above the $1270 level, there is a high possibility to test the upper trendline of the channel which is at around the $1500-$1600 level.
In case of rejection from here then we might revisit the lower trendline of the channel ($1080 level) one more time.
Stay tuned and pin to top our channel for more updates.
BTC UPDATE:- After breaking down $18k support because of FTX drama, BTC gave some pullback and made a high of $18.2k and after that BTC again started dumping. We clearly told you in our previous update until and unless BTC does not give a close above $18,5k daily or weekly, we are still in bearish territory.
Currently, we have two possible scenarios here. The first one is BTC holds this previous low of $15.6k and bounces from here. And the second scenario is if we break and close below the last low of $15.6k then be ready for more dump.
Overall, no bullish sign in the market. In these conditions, the best is to wait for the right time and keep accumulating BTC in every big dip. The Sooner or later market starts reversing and we see multi-green months. Stay patient and wait for the right time.
Stay tuned and don't forget to pin our channel at the top to never miss any updates.
BTC UPDATE:- What a harsh day for all crypto community. Total manipulation by some big players. First, they fight, after they publish good news and everyone becomes euphoric, and then a huge dump. I hope our community members are safe by just staying sidelines.
After all this drama, one good thing is that BTC is still holding an important support area. As you see in the chart, BTC closed above the green support area and is fine as long as it has above it. Now we need one more daily candle to close above this support area for better confirmation.
Note:- This chart is invalid if BTC closes below the $18.4k level.
We will keep updating you. Stay tuned and pin our channel at the top.
BTC UPDATE:- BTC breaks out from the triangle as we told you in our previous update. Now it must hold the $20.2k-$20.4k range for more upside continuation. If holds this area then $21k-$21.5k is very likely from here.
Stay tuned for more updates.
BTC UPDATE:- BTC is doing good so far. Currently, moving between $20k support and $21k resistance level. For a bullish scenario, BTC needs to break and hold above the $21k level. In case, BTC breaks below $20k will take us to the next support at the $19k level.
Tomorrow is the FOMC meeting so we might see high volatility in the market. Do not trade with high leverage or its' better to stay away from leverage during those events.
Let's see what the outcome of this meeting is. We will keep updating you.
Stay tuned.
BTC UPDATE:- BTC is going good so far after breaking out from the descending triangle in the daily time frame. Currently, it is facing some resistance at $20.8k in the LTF. Once it breaks and close above $20.8k level, we might see a rally up to $22k-$22.5k level.
For maintaining this bullish momentum, BTC needs to hold above $19.8k-$20.2k level. Any close below $19.8k will be bad for BTC.
There are lot's of events line up in the first week of November like FOMC, CPI, US Elections and many more so we might see a huge volatility in the market. Stay cautious and act accordingly, We will keep updating you.
Stay tuned and pin our channel at the top.
BTC UPDATE:- BTC once again holding the green support zone ($18k-$18.5k) and bouncing well so far. But this bounce is not enough. BTC needs to break above this symmetrical triangle.
As you see in the chart, it is once again rejecting from the upper trendline of the triangle. Until and unless BTC did not give a clear breakout stay cautious and do not overexpose yourself.
We will keep updating you. Stay tuned and pin our channel at the top.