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BITCOINTRADER

Diving Into Levels and Supports: Key Indicators (Part 2)Hi friends, I decide continue our article about levels and supports and talk about indicators. My last post about it you can look at this link: Introducing the Smart Money Concept: 1) "Smart Money Concepts" (SMC) is a relatively new yet widely embraced term among price action traders. This strategy helps them navigate liquidity more accurately and pinpoint optimal points of interest in the market. By checking where institutional market participants have placed their orders (either buy or sell side liquidity), traders can make more informed decisions about their entries and exits based on price action. Moreover, the indicator comes with alerts to identify swing structures and other relevant conditions, further enhancing its functionality. You can check the indicator: Smart money - Lux algo. And here is the possible entry. First of all you need to check reaction of the liquidity levels and then decide how to trade! It could be JOC, BOS or just bar. If you want to look in more detail for it, I recommend you read more about this indicator on Tradingview. 2) Presenting our top selection of tools for identifying support and resistance levels: Bollinger Bands: This indicator created on volume-weighted moving averages. In scalping, the strategy typically involves buying at the lower boundary and selling at the upper boundary. This approach is effective during flat movements and also works well when dealing with strong volumes in large candlesticks. What is the volume level? It's a level with high volume of the session/day. For example: 3) The Fibonacci retracement is a favorite among many short-term traders because it's great at identifying possible support and resistance levels. With TradingView's Fib retracement, you can easily trace important Fibonacci ratios between any price high and low you want. It's or view of 4h chart. The first strategy named "volume bar". The trade rule is simple = buy on the near 0,5 - 0,8 level, sell on the top, and your stop loss should be under the volume candle that draw the chart. RR is up to 1k2 and more. All these indicators can be use in your trading, and there are a lot of strategies for each of them. For example, for Fibonacci, aftershocks are still popular. Bollinger bands can be use in scalping with liquidity or volume levels. I prefer fibo retracement and smart money concepts. What’s your favorite indicator? Write in the comment below! Have a nice day, folks!
Education
by Ingwina
Bitcoin Analysis: consolidation pattern or warning?Today's focus Bitcoin Pattern – LH - Descending Triangle Possible targets – 29,664 Support – 27,200 – 27,000 Resistance – 29,664 – 30,460 Indicator support – MA sloping down Today’s video analysis is on Bitcoin after yesterday’s drop. Are we seeing a new momentum shift with a new LH or has price started to consolidate in a new price pattern? We have set out a few scenarios and breakdown the levels we are watching. Is it just sheer coincidence or did JP Morgan’s rescue of First National pull the hedge rug out from under Bitcoins feet? Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSD
by Eightcap
2
Bitcoin SEMI-LONG TERM CHART Entries + Exits for FREEHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
BITSTAMP:BTCUSD
by ExclusivelyFX
3
BTC DOWNSIDE PROBABLE❗️Hey hey my friends 👋 Looks like we broke out the bottom of this continuation pattern with some volume which gave the move some validity, looks to see the price action trying to come back into the falling channel. If we can get back in and stay in we are golden otherwise there are a few negatives here, we broke through the 200 ema which will act as a hard resistance to break as well as overhead resistances now have formed quite a few levels to get through to make a new all time high with a downside parabola starting to form against the Dollar MAX PAIN scenario is that we can come back down to the 40k-37k levels and still be long term bullish, coming down to these levels would have us finally come back to the weekly 21 ema which it has not done for over 29 weeks, well overdue for a bounce off of it and then continue upwards
by LucrorStrategies
BTC UPDATE❗️Hey hey my friends 👋 Bitcoin here struggled last week to make a higher high, we are in a short term down trend and it seems we have made ourselves a nice falling broadening wedge which has a 68% chance to break to the upside Another thing worth noting is that there is a bullish divergence on the rsi, what this means for those who do not know is that...Price action of an asset decreases from its previous swing and makes a new low while the rsi makes a higher low 📉
by LucrorStrategies
Bitcoin - Symmetrical triangle between strong Levels. BTC/USDTIf you liked the review, write your opinion in the comments. And also other reviews on my channel. Link in the description. Hello dear traders, friends At the moment we are considering Bitcoin positions. From my last price analyzes, practically nothing has changed. I'm still looking forward to a good fall. And I'll explain to you why now. At first: The price is sandwiched between two strong support and resistance levels : - Green (support): mark 48000-48850 and red blocks (resistance): 50550 - 51450 I want you to understand, I can also be wrong. At this time, I am telling you many factors that indicate a fall further. Also, THERE IS ANOTHER fact - this is the margin grid. 25% - LEVEL 50835 50% - LEVEL 49320 100% - LEVEL 47550 150% - LEVEL 45300 200% - LEVEL 43500 My indicator indicates that the price movement of the bitcoin price is diminishing and there will soon be momentum. In which direction the levels will point you after they are broken. Maybe I'm wrong, but now I see such a picture as: Downward impulse - downward correction - continuation of the downward impulse (IN 85% OF CASES - the second impulse is much stronger than the previous one) Why do I expect a fall further, because we had an exit for the previous ATH without a return (there is no retest of the given zone price) At the level of 41600-42500 - a large liquidity zone (I'll write again - in 85% of cases, the price returns to its original position) A symmetrical triangle is also formed (for many traders this pattern is a zone of detachment - because they break both up and down (depending on the direction of the trend) The fact that the price has been corrected by 20% is just a small part of the required percentage for a normal market. It is the 41500-42500 zone that is the 30% fall zone. Another fact is that the capitalization of Altcoins at the moment has reached certain levels - and made a rebound by 30% The second blocks for places of purchase I (indicated in my channel) Fibo grid - yes, at the moment the price has been corrected. And the level 0.236 is a resistance zone. The zone of normal, healthy correction - 0.615 - just at the levels 41500-42500 Maybe I'm wrong, but I'm still waiting for the fall further. Everything can change in the event that the price makes a true breakout of the level 51500-52500 - and can stay there. Then all this analysis and analysis can be thrown into the trash, as there will be a more global analysis. And I was wrong in my analysis. This Channel is not financial advise, It's My opinion and My observation: @opptrade ❗️❗️❗️Disclamer:❗️❗️❗️ Dear friends, traders. My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading. - I do not recommend that you trade AT ALL if you do not know what risk management is, money management. - I do not recommend that you trade without a STOP LOSS. - And I'm not responsible for your "make millions of dollars fast" gag - I am only showing you the charts that suit me for certain positions. - For each position - RESPONSIBILITY LIES ON YOU. If you don't use all of the above, your deposit will soon become $ 0 - Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be. In time, i to bee wrong too, and have a loss. But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term) I am only showing you how this or that scenario can work in trading.
Short
by UnknownUnicorn13204076
1
BTC/USDT IS FINE 🐝Hey hey my friends! 👋 Its bloody Saturday! Another great opportunity to average in on some altcoin positions or DCA you open positions in the red! 📉 My previous setup had a sharp rising wedge, that broke to the downside without much volume so i zoomed out and got a bigger view 🔍 Lets see if we can hold the trend line around 46-45k and then we will go from there, we could even bounce from the support right below us as we speak 😉 Lets watch 📺
by LucrorStrategies
12
Low risk setup plan on Bitcoin for short term.Hello! Friends, I came with new research an idea but, before to start talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Resistance in rage 6990-7020 for target 6700-6660 and more -ve. Avoid short selling above 7100 + (Previous S @7075) -------------------------------------------------------------------------- "" Intraday(30min charts) CHART "" -------------------------------------------------------------------------- PART (ii): (Followed successfully price to our channel and filled no activities zone as mentioned in the chart) I hope you enjoyed it. -------------------------------------------------------------------------- "" DAILY CHART "" -------------------------------------------------------------------------- (if price stay, a chance to breakout upside but it will take time) currently, the price is trading in value area . -------------------------------------------------------------------------- "" WEEKLY CHART "" -------------------------------------------------------------------------- Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) Look at Dark circle, you will release something which I am thinking.
GEMINI:BTCUSD
by Trade-Technique
447
BTC 8k-7k soon?Bulls are too tired? We are currently inside a correction period since 2 months already. A few days ago I've opened a LONG position at 10k to catching up the next bull rally....but it was a dissapointing for me: we even can't touch the resistance line.... I've closed with trailing stop profit, but anyway I didn't expected so weak market-move. OMG - Unfilled resistance range? Bulls must be too tired.... There are many charts to prove: there is a lot of FIAT coming into stable coins every day. So where are the buypower of bulls? 10k entry not so good enought? We saw many possibilities to entering market in "discount" price 10k range - at least 3 times 9k range - at least 3-4 days! But this was definetly not enougth, because we didn't saw any harde buypower yet! Bearflag forming in many shapes People are familiar with bullflags: only ascending triangles. We all are looking for these ascending triangle patterns over the permabull-exponential runs! So must see: we have an inverse ascending triangle here forming: a descending bear triangle. To making easier for you - I'm inverting the current chart. As you see there is another channel, drawed by me also about a month ago.... CONCLUSION This month was a bear - bull fight inside some kennel or a playground - inside the triangle. This war will won the less tired side. In this case I see a very-very tired bull side, and a very fresh (money filled) bear side. Will we go into 7-8k? Mutch more chance to this, than going into 20k from here today. Thank GOD, I still have a small part of my 12k short position.... Looking for longs only after proving bulls a very strong fresh move.
COINBASE:BTCUSDShort
by TanukiTrade