tradenader

tradenader

Firstly let's understand this: BTC is moving in 4-year cycles due to the Halving event which reduces bitcoin mining by 50% after each halving. This serves the reason for an Upward rally 📈 as from its diminishing supply. > Currently Bitcoin price is now trading below 20.0k > Bitcoin weekly candle closed in green but this candle shows that Bulls are still weak....

tradenader

ETH is now trading near 1650$ . It is moving inside a rising channel on 4H time frame. Now there are two scenarios: 1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level. 2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and...

tradenader

Short Term: Bitcoin is forming a falling wedge in a 4-Hour time frame which is a Bullish pattern But the price is trading below 50 MA. I would expect some more upside if we regain above 0.618 fib level 📈 Bitcoin needs to close a candle above this pattern and clear the mark of $20,9k then we can expect some positive movement in price. Also If enough shorts are...

tradenader

Over the last 24 hours, the coin lost 9% of its market value as it broke below the trendline of ascending channel I shared in my last idea. BTC is consolidating on the horizontal support and we are noticing some bullish price action on the LTF. BTC is still holding the support of the $20.800 level perfectly so far which is a good sign. As long as BTC holds this...

tradenader

BTC is at a crucial level here. It is still showing some lower time frame bearish price action. It is showing a perfect rising wedge pattern on daily time frame and is moving inside the pattern sill. This pattern is a bearish biased pattern. If it breaks below the lower trendline we could be heading way deeper south before another bounce. The next support areas...