Hi friends, hope you are well and welcome to the new update on Bitcoin ( BTC ).
Cypher move:
On the 18th of June, I shared an idea in which I revealed that the price action of Bitcoin may complete the final leg of the bullish harmonic cypher pattern and it can drop more from here. The procession indeed dropped in the potential reversal zone but it behaved like a bullish shark and moved more down. However, reversed back and hit the sell zone.
Broke out the triangle:
On the daily time frame chart, the price action of BTC is out of the resistance of the triangle. As we have discussed earlier in my previous articles that after placing the volume profile indicator on the complete price action moving within this triangle we were having a clear indication that there is a weak interest of the traders close to the support and very strong interest of the traders even above the resistance of the triangle. The priceline of the leading cryptocurrency followed the signal of the volume profile and broke out the resistance and now it is moving up towards the point of control of the volume profile.
Low volume:
In order to confirm this breakout, we need a powerful volume. But if you take a look at the chart then after placing in the volume indicator it can be noticed that the volume is still low. And if we take a look at the volume oscillator to measure the power of buying volume then previously it was triggered with the value of 12 and 17. But recently it has dropped in the negative territory. Therefore the volume oscillator should be moved up to show that the bulls are in power and driving the price action.
Powerful buying signal 4th time appeared:
Now I would like to talk about the most powerful bullish signal that has been appeared on the weekly time frame chart. And that is the 50 simple moving average. It can be observed that in the previous week price action has already hit the 50 simple moving average on the weekly time frame chart. This is happening for the 4th time in the history of Bitcoin, that the priceline is testing the 50 simple moving average as support after breaking out this SMA. And every time when the price action of Bitcoin tests the 50 simple moving average it always starts the rally towards the upside from here. However, as it is the weekly time frame move. Therefore this move can take a little bit longer and we need the patience to start the next big move from here.
Conclusion:
In the mid and short term, so far the breakout is not confirmed unless we will not have the powerful buying volume. But in the long-term, we have received the powerful buying signal and that is the price action has reached the 50 simple moving average.
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Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purposes only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
If you like the video then don't forget to upvote/tip and share, thanks
You can also support my work at Patreon for more ideas:
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In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Down channel:
On the daily time frame since the month of May 2021 the price action of Bitcoin cash is moving in down the channel. After hitting the support of this down channel on 22nd June the price line reached the resistance and for the past several days, the price action is still moving at the resistance of this down channel and not reaching the support again.
Support and resistance and SMAs:
On the weekly time frame, it can be seen that after getting rejected by the strong resistance of $1,600 the price line of Bitcoin cash has moved down drastically. It can be also observed that priceline has finally found very strong support at the $400 level and this is key level support for the price action of BCH. Because previously it has been working as a support and resistance as well.
Now the next resistance is at $600, $750, $1000, $1600, $1800, $2200, $3000 and $4000 respectively.
At the same time, the price action is also moving at the 50 simple moving average support and after that, we have the 100 simple moving average support on the same weekly time frame chart.
Big shark:
On the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, this time the priceline has completely entered the buying zone of bullish Shark and giving another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone. The buy and sell targets as per the Fibonacci sequence of this bullish Shark are:
Buy between: $530 to $340
Sell between: $789 to $1265.42
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $340. As per the above targets, this trade has a profit possibility of 270%, and a high loss possibility of up to 36%.
https://www.tradingview.com/chart/BCHUSDT/IpawivoM-Bitcoin-Cash-BCH-formed-bullish-Shark-for-big-move/
Conclusion:
Even though recently the price action of Bitcoin cash faced a strong downtrend in the short-term and the mid-term. But the way the price and is moving at the resistance and making several attempts to break out the resistance of the down channel and the formation of a very big bull Shark are signaling a massive break out soon.
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You can also support my work at Patreon for more ideas:
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In order to play and watch the current performance of the chart you need at least a free account on tradingview:
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KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Link for Binance exchange:
https://www.binance.com/?ref=11256882
If you don’t have an account on tradingview then create now to find my all charts there:
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Links for best crypto trading exchanges:
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p2pb2b:
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#originprotocol #ogn #origincoin
Hi dear friends, hope you are well, and welcome to the new update on Kava. io (KAVA) token.
Big Broadening wedge:
On a weekly time frame, the priceline of KAVA is bounced from the support of a huge broadening wedge pattern. Stochastic has turned bullish from the oversold zone. There is also a hidden bullish divergence as the priceline is forming higher lows and stochastic is setting higher lows.
Daily channel:
On a daily time frame, KAVA has reached the resistance of a down channel, and in case of breakout, it can start a big move at least to the resistance of the big broadening wedge that is formed on the weekly chart to set a new all-time high.
Don't forget to upvote/tip and share the post, thanks
You can also support my work at Patreon for more ideas:
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In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For more harmonic trading ideas you can join:
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Link for Binance exchange, the best place to buy or sell Crypto:
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Sell targets:
Secure sell targets:
Sell between: 0.00000338 to 0.00000694 btc
Aggressive targets:
Sell between: 0.00000808 to 0.00000969 btc
Don't forget to follow my blog for detailed analysis:
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Link for Binance exchange:
https://www.binance.com/?ref=11256882
If you don’t have an account on tradingview then create now to find my all charts there:
https://www.tradingview.com/gopro/?share_your_love=moon333
My personal blog is:
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Earn Money for posting articles and content:
PublishOx:
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https://lbry.tv/$/invite/@moon333:b
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Links for best crypto trading exchanges:
Binance:
https://www.binance.com/?ref=11256882
p2pb2b:
https://p2pb2b.io/referral/376549a8-b6e9-4ae7-82c8-34cdba324ebc
#digibyte #dgb #dgbcoin
If you like the video then don't forget to upvote/tip and share, thanks
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
If you like the video then don't forget to upvote/tip and share, thanks
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.