₦airaland Forum

The buying pressure fizzled out a bit yesterday, due to Wallstreet stocks falling, which dragged BTC down to new lows at a support of $20,510.

Also a lower high was formed at $21,539.85, meaning that the trading range for today would likely be between yesterday's high and low.

Outlook for today: I expect the bulls to challenge yesterday's high of $21,539.85 and possibly touch that stubborn resistance at $21,725 that was broken two days ago, which inevitably led to the current pullback.

Currently, accumulation is going on at the new support level.
If you missed it on D1 timeframe, use a lower timeframe to catch a good entry at the opening price and ride along with the bulls...H4 or H1

As usual, exit around yesterday's high, but if you're the daring type, hold on for more gains if price will attempt to hit $21,725 or thereabouts.

Trade with caution!
Peace!

Allsmilez999:
Your favourite ANALyst doesn't look at volume.

You like Anal...don't you?

Omobola121:
I think we are going down. BTC couldn't hold 20,900 support.

Yeah, BTC broke that support because equities on wall street opened lower, and dragged BTC down with it.
However, BTC is currently up on the previous support of $20,725 or thereabouts.

I still don't think there will be any capitulation from BTC, unless a wave of negative macroeconomics hit the media.

Let's watch...

Kingsteve:
Scalpers and day traders in the house, hope you lot are benefiting one way or the other from my little contributions here?

Oya...let's go!
So BTC struggled to hit the upper resistance at
$21,725.22 but managed to set an intraday high of $21,611 which was not so far away from the $21,725 resistance.

Again, a new upper low/support was formed at $20,906
This is an indication that BTC is gradually reclaiming lost grounds from the bears.


For today's BTC price analysis: BTC will still keep pushing to break the resistance at $21,725.
If and when BTC hits this resistance, I expect a strong pullback.
Luckily enough a new support has been formed at $20,906
So, in a worst case scenario, the pullback will likely settle at $20,743 or somewhere within that zone.

It was imperative that BTC set a new support to avoid capitulation when BTC touches that stubborn bearish resistance at $21,725.

In the eventuality of BTC breaking the resistance at $21,725, expect a free and uninterrupted movement to $22k.

At $22k price range, the resistance visible on the D1 timeframe is at $22,771
Personally, I don't expect BTC to have a free and uninterrupted ride to that price territory.
New lower highs will likely be formed under that resistance, until it gradually gets there.

Market outlook is looking strongly bullish.
If BTC manages to break the $21,725 resistance today, and surges up to any price point in the $22k region, that's a very huge improvement.

As BTC continues to gain more grounds, the likelihood of retesting $17k will only remain in our imaginations.

Take a look at the chart below, and see how far BTC has gone since dropping to $17k

Thanks to all those who value my little contributions on here, for as long as I have the energy and zeal, I will keep dropping these BTC chart analysis.

Gracias!

The opening weekly price for BTC is $21k
Good news...

Back to yesterday's analysis...BTC finally touched and broke the resistance at $21,725 and set a new intraday high at $21,888.00

And Just like I rightly predicted and analysed yesterday, there was a strong pullback from the new high to the support of $20,906.00

That support was crucial, because had it failed to hold, BTC could have dropped further below, and reducing the chances of BTC opening above $20k in the weekly candlestick.

So for today's analysis: BTC will still keep pushing to match yesterday's high at $21,888 and finally creep into the $22k price territory.
A pullback is likely, but may not be as strong as yesterday's.
The slightly higher support of $20,906 still remains crucial.

The bulls are doing great so far, and this week will be crucial in the general outlook of BTC.
Go long at the support of $20,906 or slightly above that price range, and start taking your profits around the resistance at $21,700 and above.

Trade carefully!
The bears won't give up without much resistance and fight!

Kingsteve:
Good morning guys, hope some of you took advantage of the green candles?
Well...I did, in Shiba

So, as we all can see, the bulls are matching forward, and defeating the bear resistance army.
Yesterday, just like I analysed, the support at $20,743 was defended without much fight from the bears, although slightly volatile, because of the wicks left behind.

Again, just like I correctly analysed...traders and bulls took advantage of that higher support and built the momentum from there.

Again, the resistance at $21,369 was broken and a new high was set at $21,558.41
This is good news!

The bulls are finally reclaiming the candles that were bearish in the higher timeframes.
If by the end of this week, the price of BTC closes anywhere in the $21k region and opens at $21k region, then that's another lost ground captured from the bears by the bulls!

For today's analysis, let's see...

From the chart, BTC is heading for a major bearish resistance at $21,725.22

This will be a real test for BTC price, as I expect lots of profit taking if BTC eventually touches that price zone.
Traders will naturally take lots of profits, and this will likely cause a strong pullback!

Now, the gravity of this pullback is another deciding factor where BTC price will eventually close.
If the pullback sends the price back to the $20k support, well...not so bad, as price can easily bounce off from there.

If the pullback on the other hand sends price to a higher support forming at $21,121, then BTC will be looking healthy going into the next trading week.

It's all looking bullish at the moment, and next week will decide how bullish this bull can be sustained
As usual, take advantage of the bulls, and exit at resistance levels.

Be careful not to get carried away, because technically, we're still in a downtrend/bear market!

Happy trading!

Scalpers and day traders in the house, hope you lot are benefiting one way or the other from my little contributions here?

Oya...let's go!
So BTC struggled to hit the upper resistance at
$21,725.22 but managed to set an intraday high of $21,611 which was not so far away from the $21,725 resistance.

Again, a new upper low/support was formed at $20,906
This is an indication that BTC is gradually reclaiming lost grounds from the bears.


For today's BTC price analysis: BTC will still keep pushing to break the resistance at $21,725.
If and when BTC hits this resistance, I expect a strong pullback.
Luckily enough a new support has been formed at $20,906
So, in a worst case scenario, the pullback will likely settle at $20,743 or somewhere within that zone.

It was imperative that BTC set a new support to avoid capitulation when BTC touches that stubborn bearish resistance at $21,725.

In the eventuality of BTC breaking the resistance at $21,725, expect a free and uninterrupted movement to $22k.

At $22k price range, the resistance visible on the D1 timeframe is at $22,771
Personally, I don't expect BTC to have a free and uninterrupted ride to that price territory.
New lower highs will likely be formed under that resistance, until it gradually gets there.

Market outlook is looking strongly bullish.
If BTC manages to break the $21,725 resistance today, and surges up to any price point in the $22k region, that's a very huge improvement.

As BTC continues to gain more grounds, the likelihood of retesting $17k will only remain in our imaginations.

Take a look at the chart below, and see how far BTC has gone since dropping to $17k

Thanks to all those who value my little contributions on here, for as long as I have the energy and zeal, I will keep dropping these BTC chart analysis.

Gracias!

njuwo:
I've been an ardent reader of this thread and I must say u r gud bro. Last time I posted a call here the trade was about $100 plus in profit and you posted in the evening from your analysis that day traders are taking profit, I saw the post but didn't do likewise as I felt the market would go down more but in the night there was a huge reversal and the trade was lost but ever since then, I learnt from your analysis and they added to my knowledge in my day trading journey. I believe your analysis help day traders here go into trade and exit for profit. Most people won't come out to say how they've benefited from your analysis but that's just life. I only trade when btc is on resistance level. If you stop analysing here I'll understand. The little you dropped here is appreciated. Woke up this morning and saw that btc had broken the resistance level of 21,450 of yesterday and today's resistance level was 21,614 and made a trade from the reversal. In a country where there's unemployment where few people feed on trading, even though you don't analyse here, I've learnt something from you. God bless you more bro.

Thank you and God bless you too!
I appreciate!

moshuur:
I don't know y I'm feeling some sort of empathy towards u...cuz if me sef dey hustle (either scam or legit) and someone wan put sand for my garri, I no go like am.

so in ur defense, continue to dey do ur thing (i am sure dat na ur post some people dey look out for).

and even if na d ABC, 123 of T.A u dey repeat every hour, That "basic" is d foundation that everything other thing in T.A is being built upon (we'll always refer back to support/resistance).
So my egbon .....Wishing u all d best in ur endeavor.

Anybody wey wan dm Kingsteve should do so.....he'll sell u books and he'll teach u d basic T.A

Toor....I hope everything is settled (really tired of going back and forth).
Wagmi

I called you out because you said the analysis was BS, and also basic TA
Let me explain to you what you do not understand.

As a day trader/scalper, every price point matters, every movement be it up or down matters, this is why I take the pains to explain the likely movement of BTC price, when it will go up in intraday trading, and when it will likely go down, so that scalpers and day traders can know at what price range to move in, and when to take profits.

It may sound repetitive to you, but to those who understand, they will appreciate the efforts in breaking down these price movements.

Take the pains to do a little research on technical analyst who break down price movement, and you will notice similarities in the way they try to explain price fluctuations in intraday trading, focusing on intraday support and resistance, which is the bread and butter for day traders and especially...scalpers!

I take it you declined the challenge.
No wahala!



We move...

cherryCola:
Dude is definitely ignorance, what those guys show you on YouTube is much different from what you will see in real life, the only chose the part of the chart that marches with their T.A.

True!

cherryCola:
Otondo , he is dropping scalping signal not swing trading.

Lol, what does he know?
They claim they know, but give them just one simple task to analyse, they will be nowhere to be found.

Meanwhile, where is that moshuur guy that said it's basic TA?
I am still waiting for you to accept the challenge.
Please, don't chicken out.
We are all waiting for your basic TA analysis with illustrations.
Thank you in advance!

sweetveek:
vawulence crew are just waiting for small bleep up from the guy to release their full vawulence

I know.
But it's all good!
Like I said, no one is 100% accurate in BTC price movement, but with good TA, you can predict its immediate price movement...be it up or down.

One thing I will never do is predict that BTC will jump 20% from its recent price range.
No!

It's a step by step and gradual process.
I give traders the opportunity to take advantage of price fluctuations within a trading range, so they can catch good entries.
Entry is everything in crypto trading!

seankafor:
like my nigga deflover predicted 41k boom we.Found ourselves in 17k

That is the problem with such predictions.
No one is 100% accurate in BTC price movement.
You only work with what you see on the charts.

How can you predict that BTC will jump to 25k, when it hasn't broken the stubborn resistance above?

People sef...

Rubbiish:
I really don't get what this argument is all about on btcee chart analysis!
My own understanding of analysis is predicting the unseen, I don't understand how btc will be in a price region and u keep running around in circle telling us u are analysing btcee chart. It is quite funny. Even a layman know btcee is within the price range of 19k to 21k, tell us if it is breaking out or going down. Even though we know there was some level of guess work in openheaven analysis on btcee not being bullish, but dude was confidence on his position. That should relate to my own understanding of analysis, not when we have btcee in 20500 and u come here to say btcee will either head to 20900 or 20100, that is a joke! Because btcee is already in that price region. Tell us if btcee is heading to 25k or 15k within certain timeframe, if u can't analyse the chart to get such result, then u are just telling us what we already know.

Firstly, we're still in a bear market, so predicting that BTC will jump from 20k to 25k is not logical...that's guess work!

Go look at other chart analysis, they break down the key support and resistance areas within the trading zone.

In a step by step process, you break it down, so that traders will know the exact areas to go long and go short.

If you think breaking it down bit by bit is a joke to you, maybe you should give us your own analysis, so we can take a cue.
Simple!

moshuur:
Omo....see as people dey enter me...,lol

In your words, you said it's basic TA
Fair enough!
Since it's basic TA, do you accept the challenge or not?
No be too much talk.

Omobola121:
You are simply a hypocritical person. Few pages back, you are all over a guy here dropping futures calls then calling boss boss up and down.


It baffles me how you think that was a crypto messiah and this other one doesn't know anything. Oga oo

You kill people morale too much with bad mouth on this thread. Haba!!

Don't stress yourself on bad belle people, I know exactly how to expose their hypocrisy.
He said it's easy, I'll wait for his in depth chart analysis with illustrations.
Failure to do so, then he should shamefully hide his hypocritical face in shame, and do us all a favour and get the hell out of this thread!

moshuur:
This kindsteve guy is basically saying what every trader suppose to know na.(atleast d basic T.A).....One was like u're good keep it up.SMH.

He kept repeating d same BS.....

A guy recommended a YouTube channel here on some pages back, trading with something or so.

U guys should try to check it out na...atleast u won't be carried away by d basic T.A wey d guy dey repeat for us every hour thus making newbie to think he is a guru...



u long at support (when u see a good entry price)
u short/close ur position when it's getting close to resistance....and so on and so on....Ahhhh oga oooo.

The bottom line is all what he's saying is just d basic things u should know and u can learn that easily on ur own

In that case, why don't you drop some BTC chart analysis, explaining where the key support and resistance areas are, and the next move for BTC, so that newbies will have a clue.

I'll wait...
The ball is in your court!
The joke is on you if you fail to give at least 3 analysis.

And again, you must drop this analysis in the mornings, before BTC starts its price movement.


Again, the joke will be on you if you don't!
It's a challenge!

OffsahBoye:
Technical analyst,make we long or make we short??

Go long as long as it's near support territory using lower timeframes, H4 preferably!
Most D1 timeframes for all alts are already in green.
Using lower timeframes, locate the support, and go long.
Exit when BTC is reaching near resistance zones.

Be careful not to get carried away.
Your estimated profits should be around 2% or thereabouts, simply because you probably didn't catch the entry well.


To be on the safe side, wait for a major or minor pullback from BTC
When it's going up, go long...

Omobola121:
You are good. Keep it up.

Cheers!

Kingsteve:
So after yesterday's back and forth tussle between the bears and bulls, the bulls triumphed in a volatile session.

Yesterday, I predicted through the charts that BTC will attempt to hit the resistance at $20,899
Not only did it eventually hit it after several attempts, it broke it and shot up to intraday high of $21,369.85
That's a positive sign for BTC and the general crypto market.

For today, there's a pullback to a higher support of $20,743 after reaching $21k yesterday.

My prediction from market outlook: Again, I expect traders and bulls to defend the support of $20,743, depending on how volatile today's session will be.

If traders can capitalise and defend this new support throughout the trading session, expect the momentum to build from there, and once again, try to match yesterday's high of $21,369 or around that area.

It's a gradual battle for BTC, as it looks to keep conquering bear resistance above.

We shall see...

Good morning guys, hope some of you took advantage of the green candles?
Well...I did, in Shiba

So, as we all can see, the bulls are matching forward, and defeating the bear resistance army.
Yesterday, just like I analysed, the support at $20,743 was defended without much fight from the bears, although slightly volatile, because of the wicks left behind.

Again, just like I correctly analysed...traders and bulls took advantage of that higher support and built the momentum from there.

Again, the resistance at $21,369 was broken and a new high was set at $21,558.41
This is good news!

The bulls are finally reclaiming the candles that were bearish in the higher timeframes.
If by the end of this week, the price of BTC closes anywhere in the $21k region and opens at $21k region, then that's another lost ground captured from the bears by the bulls!

For today's analysis, let's see...

From the chart, BTC is heading for a major bearish resistance at $21,725.22

This will be a real test for BTC price, as I expect lots of profit taking if BTC eventually touches that price zone.
Traders will naturally take lots of profits, and this will likely cause a strong pullback!

Now, the gravity of this pullback is another deciding factor where BTC price will eventually close.
If the pullback sends the price back to the $20k support, well...not so bad, as price can easily bounce off from there.

If the pullback on the other hand sends price to a higher support forming at $21,121, then BTC will be looking healthy going into the next trading week.

It's all looking bullish at the moment, and next week will decide how bullish this bull can be sustained
As usual, take advantage of the bulls, and exit at resistance levels.

Be careful not to get carried away, because technically, we're still in a downtrend/bear market!

Happy trading!

njuwo:
Learning a lot from you bro. Keep it up. Your analysis are on point.

Thank you!

Jones90:
Hello boss, pls how can i contact you? I want to learn trading

Send me a PM, and we'll take it from there, if the conditions are favourable for both of us.

Thanks!

So after yesterday's back and forth tussle between the bears and bulls, the bulls triumphed in a volatile session.

Yesterday, I predicted through the charts that BTC will attempt to hit the resistance at $20,899
Not only did it eventually hit it after several attempts, it broke it and shot up to intraday high of $21,369.85
That's a positive sign for BTC and the general crypto market.

For today, there's a pullback to a higher support of $20,743 after reaching $21k yesterday.

My prediction from market outlook: Again, I expect traders and bulls to defend the support of $20,743, depending on how volatile today's session will be.

If traders can capitalise and defend this new support throughout the trading session, expect the momentum to build from there, and once again, try to match yesterday's high of $21,369 or around that area.

It's a gradual battle for BTC, as it looks to keep conquering bear resistance above.

We shall see...

njuwo:
Sorry guys, had to cut my loss on this trade. Greed is never an option. Cheers to those that took profit. We go again when there's a better opportunity. Thumbs up to Kingsteve, that guy knows his onions. Should have taken profit when he announced the battle between the bears and the bulls on btc.

Thank you very much.
I appreciate.




Some accuse me of trying to sell my knowledge through my posts, but I keep reiterating...the wise and intelligent ones will always extract vital info from the free chart analysis.

Sorry about your loss, it's part of trading.
You will learn from your experience, but you have to be disciplined like a robot, and trade devoid of emotions.

Keep pushing, we will conquer the markets.
Thanks once I again, I highly appreciate!


Chart analysis coming later...

Itzlinda:
Sometimes I just pull out the charts to see how stupid I was for not selling at 50-60k when the charts clearly show we are bearish.

Any serious trader should have closed after the second weekly candle closed bearish

This is why novice investors get stuck!
When pro traders are taking profits, the late comers start jumping in.

And yet, you see some people saying TA is nonexistent!
They will learn...

After reaching intraday high of $20,829.21 the push for the upper resistance at $20,899 fizzled out, due to strong opposition from the bears.
Intraday traders are starting to take profits hence; the selloff!

For now, there are many support levels below, we shall see where the battle for dominance between the bears and bulls will commence.

Recovery of BTC still looking far-fetched if it can't sustain the mini bull rally.

narite:
Lol...Bros yeeeh, you don hijacked this thread patapata.

Take advantage, if you can.
That's all.

The bulls successfully defended the $19k support after taking some battering from the bears.
As we can see from the charts below, the bulls are in control, and heading to $20,899.95 resistance.

If BTC keeps defending crucial support areas, it is safe to say that in no distant time, the recovery will be upon us, and bulls will reign supreme.
Having said that, more battles lie ahead for BTC.

For now, take advantage of the mini bulls!

MrCodeSolo:
sori to burst some bubbles, the war is far from over yet. "Public btc miners are selling off btc reserves as winter market looks uncertain". I'm right now torn in-btw xcur and rmrk, bcuz i ll be buying 1 of the above-mentioned two wen btc is at $17k? Just for d sake of putting my sheer luck to test. It is very important to note dat not all gems will make it back to dia ATHs cum 'out-of-this world' bull run in 2024. There might be one bull run in 2023 and another crazy one in 2024. Who knws?

So true!
There's every likelihood that $17k might be retested.
All that depends on how the $19k support is defended by the bulls.
So far, the price volatility around support territory means that the bears might triumph in this tug of war currently going on.

I just hope the bulls will defend well, because if BTC falls further below, that's more bad news for old and recent investors who already bought the dip!

The 30M timeframe shows the level of price volatility around support.
Such volatility is a nightmare for scalpers.

The battle for supremacy between the bears and bulls goes on.
So much price volatility.
Fingers crossed, the bulls come out victorious.