CryptoPatel

#Bitcoin Technical Analysis:- - Anticipate a rebound in Bitcoin with a retest of the $21,200 to $21,400 level. - Traders are currently opening short positions at the wrong levels, instead of $22,500 to $24,000 levels. - Wait for a good opportunity before opening any positions. - Expect another downward move before an upward move towards the $21,200 to $21,400 level. - A failure to hold the parallel channel support could lead to a free fall in Bitcoin prices, possibly towards the $16,000 level.

Bitcoin Chart Analysis: Max Red Candles The $BTC chart has been seeing a lot of red candles recently, indicating a strong downward trend. As per the chart, the strong support has broken down, and Bitcoin is now trading at $21700. The support that was once strong has now become a strong resistance level , so traders need to be cautious and activate short positions. If you are already in a short position, you might be in good profit, but it is essential not to forget to place a stop loss. As per the chart, the current stop loss should be above the white next line resistance. Based on the current chart analysis, I am expecting Bitcoin to test the $18500 level again. If this happens, it is recommended to grab some BTC . The support and resistance levels are as follows: Support: $18700 Resistance: $22400 Please like and share this analysis if you find it helpful. For the latest real-time updates on cryptocurrency, make sure to follow me. Thank you.

Technical Analysis of EGLD /USDT: EGLD is currently trading at $41, which is 93% down from its all-time high. Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated. In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value. I remain bullish on EGLD only if it surpasses the $52 level. In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish . The critical levels to watch for are $27 for support and $52 for resistance. If you appreciate my analysis, please like and share it. To stay up to date on the latest crypto real-time updates, be sure to follow me. Thank you.

Technical Analysis of BNB/BTC: The current trading price of BNB/BTC is 0.0132 BTC and is currently trading near a high resistance level . The resistance level at 0.0134 is crucial, and if there is a break above it, there could be an upward move of around 20%. However, if the price rejects this level, we could see a downside move of 30% from the current price and 24% from the breakdown level. In my opinion, a downside move is likely to occur. Therefore, if the price hits the 0. 01 BTC level, it could be a good entry point for a long-term position. I will provide updates on the situation periodically. Please like and share this analysis if you find it helpful, and follow me for real-time crypto updates. Thank you.

Currently, $DOT is trading at $5.70, indicating a bearish trend in the market. Based on the chart analysis, it is expected to reach the $5 target in the coming days. It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5. However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market. The following support and resistance levels should be monitored: Support: $5.61/$5.11 Resistance: $6.15 Please consider liking and appreciating my efforts. Follow me for real-time updates on the crypto market. Thank you. #crypto2023 #buildtogether #altcoins #DOT #PolkaDot

Bitcoin LTF Chart Analysis:- 1. Bitcoin's price is taking a hit and currently hovering below the critical $22,500 resistance level . 2. The price is displaying bearish signs and has fallen beneath the 100 SMA , indicating a bearish trend . 3. On #Binance BTC /USD hourly chart, a significant bearish trend line is forming near $22,150, further adding to the negative sentiment. 4. A potential close below the support level of $22,150 could result in a significant decline in #bitcoin price, which investors should be wary of. 5. Despite the current market conditions, there is always the potential for a rebound, so keep a close eye on the market for any changes in sentiment. Bitcoin Chart Analysis by CryptoPatel:- The Bitcoin price attempted to recover from the $22,000 support zone and climbed above $22,250 and $22,400 levels. However, the bears prevented further gains near the $22,600 level, leading to a sharp decline below $22,200 and $22,000 levels. The price formed a low around $21,900 and is currently consolidating losses. Bitcoin is now trading below $22,160 and the 100 SMA , testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. The immediate resistance level is around $22,200, with a key bearish trend line forming on the hourly chart of the BTC /USD pair near this level. The next significant resistance is near the $22,400 zone, which is close to the 76.4% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. The primary barrier is now near the $22,750 zone, and a close above this resistance could initiate an upward move towards the $23,250 resistance level . The next crucial resistance is near the $23,800 zone, which, if surpassed, might trigger a significant rally in Bitcoin's price. Key Points:- 1. Bitcoin attempted to recover from the $22,000 support zone but faced resistance near $22,600, resulting in a sharp decline below key support levels. 2. Bitcoin is currently trading below $22,200 and the 100 SMA , testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. 3. The primary resistance level for Bitcoin is near the $22,800 zone, and a close above this level could initiate an upward move towards the $23,250 resistance level . Investors should closely monitor the market for any significant developments, including a potential rally if this resistance level is overcome. Summary:- In summary, Bitcoin's price faced rejection near the $22,600 level and experienced a sharp decline below key support levels. The price is now consolidating losses and testing important resistance levels. Investors should closely monitor the market for any significant developments, including a potential rally if the $22,750 resistance is overcome. More Downtrend In Bitcoin? Bitcoin's price is facing a critical resistance zone around $22,200 and $22,400, and if it fails to break above this level, it may trigger another decline. Immediate support is near the $22,000 zone, with the next major support at $21,800, below which the price might drop to $21,200. The subsequent significant support level is around $20,600, and any further losses may lead to a decline towards the psychological level of $20,000. Traders and investors should monitor the market closely for any significant developments, including a potential breach of key support levels, which could indicate a further downward trend. It is essential to keep a close eye on technical indicators like the Relative Strength Index ( RSI ) and Moving Average Convergence Divergence ( MACD ) to assess the market's sentiment and momentum accurately. If you found my analysis and content informative, please consider liking and sharing it with others who may find it valuable. Additionally, if you want to stay up-to-date with my latest insights, feel free to follow me. Thank you for your support!

Technical Analysis for #POND/USDT: The current trading price for $POND is at $0. 01 , which represents a 97% decline from its All Time High, and only a 60% increase from its recent bottom. Based on the chart, a significant move is expected in the coming days. It is recommended to accumulate small quality for long-term investment purposes. The best entry point is within the entry box, which ranges from $0.0075 to $0. 01 . The stop-loss order should be set at $0.058, which may seem large, but is necessary to protect against potential losses. The expected targets are high, thus presenting an opportunity for significant returns. If the $0.0070 level is held, a big upward move may be seen. A 30x increase is expected in the next bull run, with R1/R2/R3/R4 serving as the target. The resistance levels to watch out for are at $0.027, $0.049, $0.1, and $0.23, while the support level is at $0.070. The major resistance trendline is represented by the white line, which, when broken, indicates the potential for significant growth. If gains are significant, it is important to keep in mind the stop-loss order to protect against potential losses. Kindly click the like button and appreciate my hard work. Please follow me for the latest crypto updates. Thank you.

#Bitcoin Can you guess Which Pattern Forming..? Bull V/s Bear Fight I am Expecting #Bitcoin will be Bearish below $23200 what's your view,,..?

#FIL/USDT Technical Analysis: Currently, $FIL is trading at $6.10, which is a significant -97.65% down from its all-time high. The cryptocurrency has gone down -99% from its peak but has recovered well in the past three months, rising up to 300%. It is still 122% up from its recent low in December. At present, the market is in an uptrend, but a significant upward rally is expected only after some more retracement. It is possible that the price could drop by another 20% from its current level before an upward trend begins. The best entry point for investors would be at the support level area. For the cryptocurrency $FILUSDT to be fully in bullish mode, it needs to break upward the resistance level at $9. Once this happens, the price could reach the target of $26 in the next bull market. It is possible that the price may go higher, but a minimum target of $26 seems reasonable. Investors should keep an eye on the support level at $4.80 and the resistance levels at $8.95 and $26.10. If you find this analysis helpful, please like and appreciate it. Follow me for more real-time updates on cryptocurrencies. Thank you.

Technical Analysis of $Cake/USDT: The current trading price of $Cake is $3.81, and it is observed to be trading below the support level as per the 6-hour chart. The support level at $Pancake has now become a strong resistance level , and it is essential to monitor this level closely. If the price remains below the resistance level of $3.82, there is a high possibility of a bearish movement in $Cake. After the breakdown, it is expected to see a 17% downward movement from the current level, resulting in the target prices of $3.50 and $3.13. It is recommended to keep a close watch on the support levels, which are $3.50 and $3.13. However, if the resistance level of $3.82 is broken, the price may move upwards. It is also observed that the MACD is converting bearish as per the 6-hour time frame chart. If you find this analysis useful, please appreciate and share it with your friends. Kindly follow me for the latest real-time updates on cryptocurrencies. Thank you.