Hi Friends, so am back again with today's analysis for 25-04-2025.
Based upon the price movements that has happened till now, mentioned below are the support & resistance levels -
Support at - 92687
Resistance at - 94000
As we can see from the chart below, the price has taken support multiple times at 92600 levels and has moved up from there. Similarly it has tried to breach the 94000 levels multiple times but has failed, making 94000 as one of the major resistance levels in the process.
Hello Friends, so here I am back again with today's analysis,
Here we are using the same setup as yesterday, MACD+VWP.
As we can see from the below mentioned charts in the 15 minutes time frame, we can see a possible upcoming downward MACD cross over which can be used as an opportunity to short #btcfuture s
Entry criteria's -
1) The MACD line (blue) should cut the signal line (red) from top.
2) Wait for a 3rd RED candle to form post this cross over.
3) The price should be trading below the VWAP line.
Note - Avoid taking a trade if these criteria's are not met. Also it is advisable to initiate the short position once at the price moves below 88000, as that's a crucial support zone for today.
Exit Criteria -
1) Once your target is achieved. Or 2) Once the MACD line cuts the signal line from below, signalling a trend reversal.
Disclaimer* – This is not an investment advise, these views are only shared for educational purposes. Please consult your financial advisor before making any investment decisions. The person sharing his/her views cannot be held responsible for any financial losses whatsoever.
After breaching over it's 200 days EMA at 85084, #BTC has now moved into a consolidation zone between 86764 & 87621. There's a possibility of a MACD downward cross happening in the 15 mins charts #MACDAnalysis as visible in #btcchart below, if the cross over happens, then we can go for a short trade with stoploss placed at the previous candle's high. The trade can be exited once the MACD line again cuts the Signal line from below, signalling the start of an upward price movement phase again.