Fundamental Backdrop 1. Upcoming NFP print can dictate the direction on BTCUSD. 2. Fear and greed index is inclining more towards "fear". Technical Confluences 1. Price is in a bearish trend, forming lower lows and lower highs. 2. Price has rejected off a H4 resistance zone at 22169. 3. Price looks poised to tap into the H4 support zone at 21400. 4. Price is...
Short opportunity on Bitcoin. After a strong bullish move, bitcoin might want to come back and fill other bull orders that are waiting to be filled. Nice and good R:R trade here.
As you can see, Bitcoin has started its upward trend, but there are important resistances ahead that we will examine. After three steps of movement, there was a reversal, which failed to engolf the trend base, so it can move up to step 4, which we have specified, and from there it will test the first drive again, and if it cannot engolf the first drive, it will...
Expecting a ABC corrective movement with a 3-5-3 to the downside of ~61.8% fib retracement
If you place a fib from the bottom of the prior run to the top of the next, the lowest price BTC retraces to in the next run is between the 786 and 886 twice. This is true of all previous runs. BTC hasn't reached the price between the current 786 and 886 yet twice, so I think a retracement to the 12k-15k range may be possible before a bigger run to the upside.
We can see on the EMA Ribbon that the previous attempt to change the trend was unsuccessful. Latest attempt has been successful and we will see a continuation shortly. It is worth noting for those who are unaware; This coinbase price chart is missing the price mark down phase and accumulation phase. Referring to this chart only will make it difficult to find...
$25k soon, then A reversL is expected from there, Only fundamentals can affect thus technicals currently 💯, We watch 💯
There is a potential massive cup and handle on the Gold weekly chart. It should be noted that Cup and Handles don't usually play out over these very long time frames. Furthermore, the handle is not as clean as you might expect although online resources state ... "After the high forms on the right side of the cup, there is a pullback that forms the handle....
Hi, Bitcoin price does not seem to go outside the Fibo box in 2023. In the green box are the key values to navigate this year This is just an idea Take care.
Short position: - Entry price: 17211.58 - TP: 16584.36 - SL: 17427.37
target: bitcoin/usd timeframe: 1h date: 12/9/2022 red guideline: |____> step one: down to 17120.00-17060.00 |____> step two: up to 17200.00-172500.00 and next maybe up to 17365.00-17400.00 blue guideline: |____> step one: up to 17365.00-17400.00
pair: bitcoin /usd timeframe: 1h date: 12/9/2022 red guideline: |____> step one: down to 17120.00-17060.00 |____> step two: up to 17200.00-172500.00 and next maybe up to 17365.00-17400.00 blue guideline: |____> step one: up to 17365.00-17400.00
It's my first idea here and I wanna make it easy to get the right time to open new position... The price now ll make new strong correction.. And my target ll be on 18000 ... Good luck
Fib Time Zone in confluence with LMACD showing bottoming zone?
Broken below the wedge.... US markets closed, liquidity thin... overall bearish for USD until next week when Powell comes to give markets their scolding... I expect a big move down for DXY and up for BTC today
This hook bottom looks like is going to retest supply on the 110 level This recovery will affect directly on Bitcoin and Gold
I'm waiting for 13,8 before I buy anything - also will consider many factors before I long. $17k is our top area for now. Monitor the price action and stocks. Still short.
Hi Snipers, Please refer to the recording for the next price levels and scenarios. Thanks MS