BTC potential IH$S - If 60k bounce: 71k target
BINANCE:BTCUSDT 4H Analysis
NOT FINANCIAL ADVICE
TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k.
We have a lot of confluence:
On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up
We are seeing some support from the 50VWMA (yellow), very close to the 60k mark (currently 60.7k)
TD Sequential just printed a perfect Buy Setup (red M9), indicating a potential reversal. You can see on the chart how accurate its previous signals have been
RSI is nearly oversold (currently ~35)
Both the MACD and its signal line are in the negative. Once we have a crossover, the further below 0 it happens, the stronger the reversal confirmation will be
60000
BTC - Bearish Short-Term Until...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking below the last major low in red, BTC has been bearish from a short-term perspective trading within the falling channel marked in red.
🏹 For the bulls to regain control, a break above the upper red trendline is needed.
Meanwhile, further bearish movement towards the lower bound of the red channel would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Wait For The Bulls 🦬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been stuck inside a range within the shape of a symmetrical triangle.
Currently, BTC is in a correction phase, approaching the lower bound of the triangle.
Moreover, it is retesting a strong support and round number $60,000.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
This bullish scenario will hold, unless the $60,000 is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Next Stop => 60,000 📍Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📉 BTC has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in orange.
It's evident that BTC has been respecting significant round numbers, particularly the 10,000 marks.
📍 Therefore, following its breakthrough above 50,000, our next target is 60,000, coinciding with the upper boundary of the wedge pattern.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
bitcoin huge move & hardcore resistance under w patternCurrently Bitcoin is forming W pattern on 1Day chart, the neckline resistance of W pattern is seen at 45000 to 46000, for the third time btc is rejected from the hardcore resistance level. if bitcoin hold the current level and break the resistance line successfully then the technical price prediction of W bullish pattern is coming in around 60000. if failed again and again then btc need to take correction of 42600 to gain more volume and Dominancy.
60K Target for BTC - Triangle in BTCUSDTEverytime BTCUSDT formed a triangle shape, it made a good profit.
This time it's forming another triangle for reaching the 60000 target we all waited for.
I'm gonna buy at top of the breakout of the last triangle(if it break with a convincing volume).
The sell stop for me is inside the triangle.
The target in 59750 for safety :)
2020 year,1BTC=60.000$ ?!Hello, everyone!
I'm Nika. Forex technical and fundamental trader. (2 years and bit more.)
I'm trading crypto to and I learn absolutely everything about BITCOIN. (Born, The Past and future to...)
I trust if "global financial sector" will not be enemy of BTC, the 2020 year price for 1 bitcoin will be 60.000$ (or more)
Yes, Just after 3 years, per Bitcoin price will be 60k!
So make react for this CHART and say something about my idea.
Thank you and good luck with your trades ;)