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[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle - This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish - The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ ) - Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it -We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here - The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone - Shorts target for June is ( 22,009 $ ) Weekly Zzone
COINBASE:BTCUSDShort
by ShrewdCatfx
3
Next week - High Potential buying zone on BTC BINANCE:BTCUSD CRYPTO:BTCUSD I'm continuing my analysis on the Bitcoin BTC/USD market, I'm expecting this high setup buying zone mentioned on the chart. As you can see, we're in the liquidity zone (trend channel), so I expect this channel to be broken and after filling the imbalance below, then the price will tap on the order block to go higher. I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC). Trade at your own risk. Follow for more
by lrabdo
1
Bitcoin Prediction- I have been saying that the support of trend lines corresponding to numbers 1 to 5 would be strong, so this is a good entry point to take a long position. However, I want to warn you not to trust it too much because this support line will likely be broken in the future. - Scenarios like numbers 1, 2, and 4, where the trend line is precisely supported and followed by an upward movement, should have occurred. - However, number 3 broke the trend line slightly and eventually dropped by about 2k. - Similarly, number 5 also broke the trend line slightly, so there is a possibility of a decline of about 2k. → Cut short if it surpasses 26,400 / Long buy between 23,700 and 23,400.
Short
by SPOONY1004
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants. The market may do as it wishes whenever it pleases. Like the wrath of a god. We are not gods. We are humans and not one of us is invincible. Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea. Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is. These are principles that the trader learns along the long and painful journey to profitability. This is how the Average man , through patience and diligence , may become the greatest of warriors. And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's. The latter has probabilities in favor.
BITSTAMP:BTCUSDShort
by ShrewdCatfx
6
3 Months timeframe view on bitcoin tells a lotwhile watching the market fluctuating on daily and H4 timeframes or even weekly seems to be a good idea for traders as a risk management precaution, people holding bitoin and hearing news about SEC suiting binance and coinbase for example might want to reduce their exposition and only hold a fraction of the current amount of bitcoin in their wallets, but thats of no sense ... scalling up to the 3 Months timeframe which isnt a commun timeframe usedby traders but it is used by long term investors to cut down all the noises , we can see that the market is clearly in an uptrend with a sharp ABC correction right on 78.6% retracement of the first bullrun which is a commun fibonacci relationship in 2nd and B waves , thats the nature of markets, and here on this chart we can clearly see that it is helpful to keep an eye on the big picture. People say bitcoin is dead, fundamentals are bad etc , no one said it's wrong, but there is one thing that goes above all the sayings in trading and financial markets in general : THE MARKET WILL DO WHAT EVER IT WANTS TO DO WHENEVER IT WANTS TO DO IT. If the market confirms this bias with some kind of buy signal thats your hint that a 3rd / C wave is unfolding, other wise we all know eliott rule number one: the second wave cannot retrace more than 100% of the first wave, from here its a game of patience and discipline .. nothing more .
Long
by IntraFinance
Bitcoin Head & Shoulders!BITSTAMP:BTCUSD Bitcoin has a really interesting head and shoulders even on 1D. The aggressive neckline has broken and provided 5.84% gains on a short. Waiting for confirmation via: 1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels 2. Plan B: Fake-out of Neckline for Long to first to 31k Future markets open in about 3h 34m Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by imr4nkh8n
8
MATIC - Are we Going to DOUBLE BOTTOM!!KUCOIN:MATICUSDT CRYPTOCAP:BTC sitting in the huge Head & Shoulders provides ideas for possible downside. You can see my idea here: tinyurl.com Price action is lurking around below the neckline after breaking it. Possibly a build up. Once it moves we activate our plan. CRYPTOCAP:MATIC looks interesting sitting in a Falling Wedge and could we get a Double Botton for upside break or would we need to wait for this at the Possible Pullback level should CRYPTOCAP:BTC breakdown. My regular followers know I like to have a Plan for my Long and Short but with clear Action and Trigger points so that I can execute like a bot and play my edge. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
M
by imr4nkh8n
BITCOIN what is next? 💡📖🐋Hello 🐋 based on the chart, the price again sticks in the range position middle of the parallel channel 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
8
BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level. This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support. As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before. Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level. Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low. But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle. We still have an unfilled CME gap around $20k also. And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k. Our indicators show that the bottom is in, but could still be re-tested. But my bias for now is towards the upside. What do you think?
by BrettFogle
1
My trade plan: I have sold/short BTC/USDMy Trading Plan: Sold BTC/USD Note: This trade is for my own record. Please do your own research before taking any risk. I have sold BTC around 27276.18 my Stop loss is fixed at 27426.05 I dispose half at 26,050 and I will exit my position at 25,850. I am not afraid of this trade since my risk-reward is really good which is around 1:9.7. Lets see how it goes. Multi time frame analysis has been done in this trade. Tools used are Fibonacci retracement and RSI.
COINBASE:BTCUSDShort
by M_Shariq
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition. Only those who can wait should take this trade according to their financial condition.
INDEX:BTCUSDShort
by Houseofcryptokings