BTC Shockwave Alert: Unveiling a Potential 21.93% Dump
Updated
Technical Analysis:
A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here.
The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of 200k (a dream worth chasing!). You can see the chart here.
It is advisable to refrain from initiating long positions unless there is a significant breakout beyond the 32k level.
Please feel free to share your analysis and insights to enhance the shared idea. Additionally, your comments to know stop loss updates would be appreciated.
Comment
Hey Everyone, here's a trading insight to consider1.Waiting for a 4-hour candle breakout is the recommended approach, but it can cause us to miss out on potential moves.
2.To address this, trading on the one-minute chart offers a simpler alternative.
3.Look for a breakout of a key level on the one-minute chart, identified by a candle close below it.
4. Enter the trade after the breakout, using one-minute supply and demand zones as stop loss levels. However, be cautious as relying solely on these zones can be risky without proper understanding of my specific strategy.
5.Enhance your trading decisions with 15-minute demand/supply zones for better stop loss placement. Remember, the entry point remains on the one-minute chart as described before.
6.This strategy provides a more immediate response to price movements.
Keep in mind that successful trading still requires analysis and understanding of market dynamics.
Happy trading as you explore this approach and seek potential opportunities!
Comment
Set your stop loss at 27240, adjusting it according to your position size and preferences.if you close partial position then do not forget to put your rest of the position on breakeven !
Comment
Partial Position Entry: Bought half of my Bitcoin position ahead of the first target. The decision was influenced by the oversold condition lasting 64 minutes, indicating potential consolidation ahead./ so ignore the yellow target now Stop Loss : 27230
Trade closed: target reached
Made Profit somewhere like 3 to 4 percent since we were short or may be moreComment
Time to Sell Bitcoin: Massive Supply Zone Detected at 27225 on 2-Day Chart - Keep Shorts Open!Comment
Guys we broke our trend continuation check congrats the bears who followed this move we are going to 22K or below itComment
Further Targets : Trade closed manually
Wait for my next postComment
I AM OPENING MY SHORTS GUYS ! CHECK WHY WE DID ANOTHER KEY BREAKOUT Comment
Updated BTC Analysis: Direction and Potential TargetsIn our recent analysis, we accurately predicted BTC's movements over the past three weeks. However, I made an error in interpreting the higher time frames (HTFs) correctly. Here's an updated assessment based on the current information. It's important to note that chart reading is a dynamic process, and as we receive more data, our understanding of recent price action may lead to adjustments in targets, entries, or stop-loss levels. Nevertheless, the overall direction remains unchanged.
Based on my current analysis, the next anticipated moves for BTC are projected to be around 25/25.5K, followed by 29K. Subsequently, there could be a potential movement towards the 5K range. It's important to note that these figures are not exact, but I will share precise ideas with specific targets in my future posts.
Comment
CLOSE ALL SHORTS AT 25.5 KComment
For safety reasons, it is advisable to close all short positions now if profits were not taken as previously explained. One supply level has been breached, and I see no favorable conditions for continuing the short positions. However, a bearish momentum is expected to persist.Related publications
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