Bitcointrading
Is the bottom actually in? #BITCOIN 🧐I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts
- There's Bearish FVG that will need to be filled eventually which is above 25k.
- Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled .....
- #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k.
- If we reject again off of the strong high, we could see price action test that low at 15k.
200 MA is key which aligns with the 25k area ‼ If we convingly lose it the bottom is in.
- With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again.
This area 25 is gonna tell us everything.
There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time.
Ended up being a fakeout & the bottom wasn't in.
So Food for thought, this could very well be one of those times, again.
BTC: Short at high levels and long at low levels
Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting at high levels is still the main strategy.
The trading strategy is to short at 23600, with a stop loss at 24200, and a target of 21500 to 21400. Alternatively, if it falls to 21400, go long with a stop loss at 20900 and a target of 23600.
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Bitcoin: Long at this position
Hello everyone, after a big drop, Bitcoin has been consolidating and today I'm sharing my view on Bitcoin using a 15-minute chart.
As you can see on the chart, there are clear and regular box ranges. Since there are such clear signals, we certainly can't ignore them. I have marked the specifics on the chart, and it will be clearer for you to compare it.
My trading strategy is to buy in the current range of 22300-21800, with a target near 22900-23800. This is relatively certain, and the probability of profit is relatively high .
The reason for this trading strategy is that I believe Bitcoin will rebound to fill the gap created by the recent big drop.
Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment and I will help you with the most reliable solution in a responsible manner.
Have a great day!
Imminent Crash Incomin-Not Many Recovery SignsBitcoin/4H crappy volume after 3 leg to the downside.keep in mind the downside MUST be faster,more painful so all the upside movements mentioned in the video is way less possible than down side moves
Overall this looks like bearish momentum is heavily building up and a capitulation candle is due.
Good job! I can't hide my happiness
The perfect week is over. In this week’s trading, the long orders of gold around 1832, the long orders of GBPUSD at 1.930 and the short orders of 1.201, the long orders of EURUSD at 1.589, and the long orders of BTC around 22326 are all TP , so that I get a very good profit from it, Good job!
I am very confident that I will maintain or even surpass this week's success in the next transactions, and I believe that we will all achieve greater profits!
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Bitcoin in Descending Triangle Pattern#Bitcoin 4hr #TA at #Binance
As per Complete cycle of #BearishExpansion #TriangleWaves of #BTC wave, at present Downtrend wave moving on #Descending Triangle Pattern and will be finish on 27th Feb. around at $21.8k, While #BTC still into Triple #BullTrap mode...
Bitcoin Wants To Dump Further After a RetracementBTC/1H after breaking the downwards parallel channel , we bounced back at ~23.7 (blue up trend line) and started to goin up for a liquidity grab ( might touch the white horizontal line or pink trendline)
After that it will continue back down to 21.7 or even ~20500.
Dont foget bitcoin pumped when NY stock market was consolidating so we have lots of fake pump to remove
detailed explanation on
Ive decided not to record videos due to low mic quality. new mic will arrive friday night.
Please Follow,Comment,Boost if you find this video informative.
The Bull Run Is Coming! - This is what it all meansAs always, interpreting what BTC is doing is relatively simple if you keep the message simple. The main battle is still happening on the weekly timeframe, and this is why: For years, BTC has used the 200MA on the weekly timeframe as support, and we lost that support in June of 2022. In order to have a recovery, BTC has to simply climb and close at least three times above the 20MA. What does it mean that we've been trying to go over that white line for over three weeks now without success? Specifically, it means that every time we hit the line, sellers show up, but not that many. It means the majority are in it for the long haul. How can we tell that? Every time there is a selloff, we only go down a few percentage points; it is not a full-on meltdown. - Please take the time to boost this idea.
Looking at a faster timeframe to predict the future:
On the daily timeframe, we can see that we have exited the range BTC fell into back in June as well. We can also see that we have closed a few times outside the range and are currently testing it. All of these are signs that Bitcoin wants to go over the 200MA on the weekly this time. Incursions with the purpose of trying to go over resistance -- in this case, the 200MA on the weekly -- not always succeed in one or two attempts unless the strength of the recovery is very strong. Every step BTC takes tells us more about what will happen in the next few months.
Everything we see on the charts so far is positive, but all this talk of the mega bull market and blog pieces about how spectacular this bull run will be can only mean that the rug can be pulled out from under us any day. This is a warning for short-term traders, long term trades should be ok. Trade carefully and keep in mind that this is a game being played on a global scale. You are playing against computers, experienced players, and the market. My advice is to not just read the lines but to read between them.
VERY IMPORTANT: Hitting the "boost" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BTCUSDT (BITCOIN) Daily: 31/01/2023: Is 25k reachable?
Well, you can see the possible scenarios on the chart.
Personally, I think the price will go up for liquidity above 25200.
Bullish scenario:
The price can have a bullish reaction on 22300 to 21600, or after touching the demand zone creates a bull set up in a lower time frame and then rise.
Bearish scenario: The price can not break the 23K to 24K zone that is a supply zone now. So the price will fall to lower levels such as 20400 and 18400.
💡Wait for the update!
🗓️31/01/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
BTCUSD It's 2019 all over again! Brace for Rally Phase 2!Bitcoin/ BTCUSD is on a 2-day bullish streak, filling the gap from the Feb 9th fall.
The pattern is a mirror image of the February - May 2019 Rise pattern. Starting with an Accumulation Phase, then rallying strongly on Phase 1, paused for Consolidation over a Rising Support and off to Phase 2 for the next rally.
Trading Plan:
1. Buy on the spot.
Targets:
1. 32000 (little under the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross had short term the opposite effect, pulling the price downwards.
2. The rebound that started Phase 2 of the rally happened when the 1day RSI crossed over its MA.
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