CoinGuru®
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🔰 #Cryptocurrencies Research, Analysis and Trading
#bitcoin #ethereum

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BTC UPDATE:- BTC is holding above $20k level very well so far but it is struggling to break above the $20.5k level. There is a strong resistance at $20.5k level, once it breaks and sustain above the $20.5k level, we see more upside in price.
If it again got rejected from here then our next key supports are $19.8k/$19.2k/$18.5k

As of now, waiting for BTC to break and close above $20.5k level for further growth.

Stay tuned and pin our channel at the top.
Going long on BTC with SL at $19096. The target will be 5%-6%.
BTC UPDATE:- BTC is slowly going in a downward direction. After rejecting the $20.4k resistance level, it is continuously going down but the good thing is that price is still holding the important support zone of the $18.5k-$19k level. As long as BTC holds this green area we can expect a good bounce in the month of October. A break below $18k will be bad for the market and take us to new lows.

The next few days will be crucial and highly volatile because on the 12th of October we have an FOMC meeting and on the 13th of October, we have a CPI report so both these events undoubtedly impact the market.

Hope after these events we see some green days. We will keep updating you.

Stay tuned and pin our channel at the top.
US CPI Data Out : 8.2%
Expectations is 8.1% 📉
BTC UPDATE:- After all the pump and dump around the CPI numbers, BTC once again back to it's important and crucial support zone. After the CPI, BTC made a high of almost $20k and rejected badly. Currently, it is trading around $19k level. The only good thing is that BTC is still holding $18k support level very well so far.

For a good bullish market we need to break and close above $20.5k level first. Any break below $18k will be very bad and will take us to the new lows.

Have a good weekend to all and trade safely. Stay tuned and pin our channel at the top for more updates.
CoinGuru®
BTC UPDATE:- After all the pump and dump around the CPI numbers, BTC once again back to it's important and crucial support zone. After the CPI, BTC made a high of almost $20k and rejected badly. Currently, it is trading around $19k level. The only good thing…
BTC UPDATE:- BTC is going same as we told you in our previous updates. So far holding the green support area and bouncing very well from there. Still for a good and positive rally across the market we need a daily close above $20.5k level. In case of rejection we might see again $18k-$19k level.

Do not trade without SL and wait for a clear breakout is much better here. 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.
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.
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.
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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.
75bps
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.
CoinGuru®
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…
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.
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 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.
FTX has filed for bankruptcy. FTX CEO Sam Bankman-Fried resigned.
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.
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.