Bitcoinperp
Bitcoin Wants 28.8! Will the 3 wave pattern playout?Bitcoin Swept the lows yesterday and reached out target 26.8! I am not yet convinced that we are going lower WITHOUT sweeping the high ~28.8 ( our supply zone) so today with PPI data we could see the move coming.
SPX yet has to fill the upper gap, it could touch it today and that will get btc to our target as well then SPX could start bleeding till it gets to the lower gap
NQ1 Has bearish Div all over the place.And Ive talked about how to determind a supply or demand zone.
3 wave pattern = Dump,Pump,Dump . the first dump happend and we are wating for the two next move.
Thanks for all your support- means a lot to me.
Bitcoin Remains Below 30K: Is It a Buying Opportunity or a Trap?Bitcoin trying to breakout of 30K and goes into 31-32K.we could see a decoupling happeing between SPX and BTC.
If BTC loses 29K again then loses 26.8K we could say we are not going to 31K if not there is a slight possibility for us to reach there before a major move to the downside.
SPX at a key support level as same as NQ1
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(BTC) - AS SIMPLE AS THAT -Hello everyone !
Today the Black Cat Trader is analyzing BITCOIN based on a weekly chart 📈
What we can see :
- Prices took support on the 0.5 fib level during the last sell-off back in May 2021.
- Then, bounce to the 0.236 and rejected by this Fib extension which coincides with the median line of the pitchfork too..
- Finally, prices took support on the 0.382 to reach the level 0, which coincides with the intermediary upper line of the pitchfork too...
What we can expect :
- Bitcoin could take support on the median line of the pitchfork to reach the last upper line (coincidence with the 1.618 fib level too). Then, if Bitcoin breaks the last upper line of the pitchfork, the first target is 2,618 (102 811 $)
Resistance 1 : pitchfork intermediary upper line
Resistance 2 : pitchfork upper line
Support 1 : pitchfork median line
Support 2 : 0,236 fib level (50321 $)
——
TP1 : 126 956 $ ( 3.618 + 1.618 )
TP2 : 151 101 $ (fib 4.618)
TP3 : 188 605 $ (fib 2.618)
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
BITCOIN IS AT A CRUCIAL POINT! CAN WE DO IT BULLS?BTC is at a crucial point right now. We turned Support Into restiance.
But we got a golden cross the other day I have a good feeling. LAST golden cross had a failed break out.. I believe this has to do with El Salvador and whales trying to keep the prices down as they were loading up. ( just a theory! )
Maybe by october or later this month We will be back on track... Maybe tonight :)
Good luck guys! People saying bearish winter. I feel like we will be at 90k By end of november :)
Peace and Love!
BTC - Short Swing Failure Pattern I would like to see a SFP of the Given targets either the first box or the second if it happens .
We may drop from here but that is not the short i want to take .
If the SFP happens i will be taking Profits within the 55K area where i expect support to hold .
This is just a potential idea that may play out going into the weekend so its worth setting some alerts for the setup
Always know your Invalidation and follow a trading Plan
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BTCUSDTBe so careful about your positions. We are going to see another fairly sharp fall in Bitcoin. The price it is likely to fall down to is shown between the two horizontal lines.
"We suggest you to use leverages 2 or 3 to have more ease of mind while trading. You can use higher leverages if you hold more margin in your Futures' wallet. Good luck!"
BTC LONG | 4.8RFTX:BTCPERP
Bitcoin is seeing a pullback with a failure to hold the $46K to $47K range where we should've seen the strongest support, however historically seeing 30% draw downs during it's bull run is common.
Purely looking at price action we can see the next rungs of support targeting $40K with Volume Profile Visible Range suggesting this is where the next highest level of trading volume with take place. Landing here would be another 30% draw down too so reasonable to assume price will respond well here and bounce however of course there are no guarantees.
IF price were to respond well here the using a Trend Based Fibonacci Extension from the last move up would provide a target price of approximately $64,000.
Our entry is $41685 slightly above the $40K level to help ensure bids get filled.
Our stop is $36233 which would break below 3 of the highest volume nodes in the value area of VPVR which price should respond well too and not break below which if it does would indicate we're going to see much more downside.
This trade would provide a 4.8R return.