#Bitcoin - thoughts out loud #05Good evening , we are from Ukraine!
The price range has been reached. Next, I assess the weakness of the acquisition recovery. UT is fixed, UTAD is possible. I'm going to support the trade.
Thank you all for your attention, I wish you success .
Sometimes you win /sometimes you learn .
#Bitcoin
Bitcoinmarkets
‼️ BITCOIN BULLISH ✅✅✅✳️‼️To update our last BTC idea,
We had two scenarios, as expected price chose the first scenario and it followed as we determined in the last analysis,
We have a strong supply zone around 28000, we expect the reaction to this zone, with a bit of corrective move,
For keep the position until 28000, but be careful try to manage your trades properly,
Any questions comment below,
@FxShzd
ACB CORRECTION | BITCOIN MARCH 17, 2023BITCOIN TA
There is a scenario where the 5th Wave is not complete and bitcoin could push up further to $28,400.
However, if it drops to the $25,600 level, there is a greater chance that we could be in the beginning of the ABC corrective wave.
Wave A will move down in 5 waves and a SHORT position may be available at the end of wave (iv).
TP level : $24,000
**Not Financial Advice** Please leave a LIKE and COMMENT and let me know your thoughts.
BITCOIN MOON
What do you think? We still early once Fed start printing $$. If only FED stop curving inflation then we FLy, If Fed still want to raise hike rates, then we go bottom next week. 25 or 50BPS?
But my theory would be rekt all banks because of their FEDNOW payments system or the CBDC? This year might be wild on CRypto Space and Stocks.
So stacking cash for the dipped weve been waiting.
This is not a financial advice, trade base on your own decissions.
Follow FOr more
Rejection from 50 weekly MA. If the price of Bitcoin is above the 50 MA and continues to rise, it may be seen as a good time to buy or hold onto Bitcoin as the trend is bullish. Conversely, if the price of Bitcoin is below the 50 MA and continues to fall, it may be a sign to sell or avoid Bitcoin as the trend is bearish.
Historically, 50 weeks MA played an important role in the last 2 cycles as well.
Bitcoin Weekly and regaining the 200As you can see from this long term chart on Bitcoin, it has the vast majority of its life ABOVE the 200 EMA ( Yellow)
In the week of 13th June 2022, the unthinkable happened and PA dropped below it and many believed that was it, BTC was Dead
For the last few Weeks, PA has been banging up against it and This week, PA has fully broken above. On the USDT chart, PA has remained positive above it while on this USD index chart, it has only Wicked up but the weekly candle is not closed yet.
Not only This but Bitcoin PA has slowly and Surely been taking back the losses incurred by the unprofessional in the space with the collapse of various organisations, like FTX.
Bitcoin is waking up but do not start running, this is just the start, we have a way to go yet and there are HUGE fundamentals that will continue to hammer recovery but World Wide Sentuiment is STRONG - Note the world WORLD WIDE - THAT is what makes Bitcoin Strong.
Can Bitcoin Fill The 28K Gap ?Signs are there!Bitcoin reaching the origin of the 30K slowly while having a gap from 27500 to 28400 to fill. Bitcoin can fill this before crashing but its another 17% up move. or this could be a jebait and the crash will happen today after a small retracement to the upside to liq all the high leverage shorters
BTC consolidating and holding the support (symmetrical triangle) could wick up before it wicks down
Some Crypto Banks Collapsed in the past days thus people cant convert their USDT to USD , what they do instead ? They buy BTC.
That is why btc pumped. will it go higher ? it might but at the end if you cannot convert ur crypto asset to fiat whats it good for ?
Thank you for all the support,commend,like,boost,follow
BITCOIN DIFFERENT SCENARIOSFxShzd team here again with another analysis:
What we see on BTC, a bit complicated with just relying on technical analysis, as you may know, we are facing economic recession in first world countries,
BTC gets in power long term by any circumstances that cause to economic recession, I am telling maybe you see short term we have drop but in reality it is not like that
Just keep this scenarios for now, any rate that is related to inflation or economic effects BTC, for us is more important longtermly than a short specially in Crypto.
For now lets see if price can get lower, to give oppurtunity to more buyers to jump in, I expect to drop to a certain level just to help market to rise with more power
Becareful on BTC personally I am a holder on crypto
Lets see how price goes,
Any question do not hesitate write me bellow,
@FxShzd
BTC 1W "Plankton VS Whale"BTC 1W
...we have managed to break down the price wall from 25 to 26k.
but now look at the whole... the pattern of IHNS has been born, and is preparing to fight against major HNS. This is the beginning, all this time we rise for a start.
Note:
above the current price there is a gap of around 28-29, it must be closed.
the current resistance zone is considered weak, where at the first time a big dump occurred, there was no resistance from buyers until there was a reaction again at a price of 17k.
today the price must hold and close 1D at 26.3 to continue to 28k-30k. If below that, price reduction is still possible. Maybe the gap below area 21 should be covered as well.
For this idea, there is a maximum target from IHNS with area X which can expedite the process, the target will be faced with a large resistance rejection zone from the HNS pattern. I thought there was going to be a dead cat bounce? it could happen if the gap in area 21 has not been closed then there will be a big short when the ihns target is reached.
Let see..
Monday 9 May 2022 - Monday 9 May 2023
Bitcoin Caught Shorters Off Guard-Will The Same Happen For Long?Bitcoin just consolidating after the pump but giving signs of a retracement to the downside.
we could just flood down and form a Bart Simpson head pattern stopping around 20K.
Liquidity more to downside and SPX retraced half of the pump it did yesterday
Details on Video
Please Supprt by Boost,Share,Follow,Comment- Means alot to me
Bitcoin recovered My last post discussed the final stages of the Bitcoin correction. In that analysis I was expecting the end stage of the correction of Bitcoin, mainly because it had served its days of the 65-daily cycle. Never did i expect the following events though.
The course I expected was failry simple:
- Bitcoin will find support on the horizontal line, and go sideways from there.
- Once out of the channel, we would shoot up again.
What actually happened was:
- Bitcoin broke support
- Crashed down to our last resort support
- Came back up as if the crash never happened
The current state at the end of the day is:
- Bitcoin is following our plan, but more explosive than expected.
- Bitcoin is back in the red resistance zone. Breaking this one would give us a target of 28k.
- I'm bullish!
Bitcoin doji candle signals potential reversal - time to enter?A doji candlestick pattern is a type of candlestick formation that occurs when the opening and closing price of an asset are very close to each other, resulting in a candlestick with a very small real body. This pattern indicates indecision in the market, where buyers and sellers are equally matched and neither side is able to take control.
When a doji candlestick appears on a weekly Bitcoin chart, it can signal a potential reversal in the current trend. This means that the current trend may be losing momentum and a new trend may be emerging. Traders who use technical analysis may interpret this pattern as a signal to enter a trade, depending on their trading strategy.
However, it's important to note that the doji candlestick pattern should not be used in isolation when making trading decisions. It should be used in conjunction with other technical indicators and analysis to confirm the potential reversal and to determine the best entry and exit points for the trade.
Therefore, a trader may consider entering a trade based on a weekly doji Bitcoin candlestick pattern, but should also take into account other factors such as support and resistance levels, trend lines, moving averages, volume, and other technical indicators to make an informed trading decision.