BTC Bitcoin at strong support Bitcoin is sitting at a strong support, ready for the Santa rally.
My price target is the 54K resistance by the end of the year.
Looking forward to read your opinion about it.
Bitcointrading
Bitcoin Daily FractalHello Everyone,
I wanted to share this idea with you as I think it is an excellent food for the brain and to dwell on.
I am not saying that it will play the same as in September, but we can deny that the similarities are staggering.
-RSI sam level
-Stoch RSI same level
-The support found on 2 VWAP from High and Low from long and intermediate trend
-Resistance found from VWAP set from short term rally low
-Same price action
-Strong resistance set by trendline
It will be interesting to see how this will play out. However, I won't hesitate to enter and add when BTC will break above the short term trend VWAP (black).
BTC is on a thin line, and there is a lot of squeeze building up. In the sense that there is a lot of liquidation power building up. Many stop losses orders close to each other. Similar to the last drop at 56k. High volatility is around the corner, and it can go either way. It s better to wait for the market to show you the direction rather than guess. Then we all have opinions and biases. Like mine, the FOMC has already been priced in the price action of last week and a half, so right now, retail traders are the ones selling, so I expect a buy the rumours sell the news type of action (reverse). However, the markets decide, so let s wait for it.
Will BTC break up or down?
My vote is up (To clarify, I am not entering now, wait for confirmation either way)
FOLLOW ME, SHARE, LIKE AND COMMENT
Bitcoin Live Chart on H1Here is my view for BTCUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Red Alert! will Bitcoin drop to 42K ? A failed W trade on the 4-hour chart, will Bitcoin drop to 42K ? will it act as resistance, a new pattern has formed and a look at the Feb. lines
BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day.
The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355.
Watch your money management and do your own research before trading.
If break it will be bearish season.
Look my previous ideas here:
note: only take position after confirmation and do your own research before trading.
Bitcoin Log Growth & Elliot Wave ProjectionHere is a possible idea on BTC:
With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues
Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth
While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area
Let's see how this plays out but this weeks close should give us a strong indication
Let me know what you think guys always interested to hear differing opinions
Bitcoin H4 H&S patternBitcoin is forming a head and shoulders pattern on the H4 view.
The bearish target is 42,000$.
Closing under this target will make Bitcoin closing under the daily moving average 200 which is a bear market signal.
BTC Bitcoin: Potential H&S PatternHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency.
1) In a prior idea, I noted the price may go up as a result of the Double Bottom Pattern (bullish pattern). However there is a potential for a Head & Shoulders Pattern (H&S Pattern) as well, which is a bearish pattern. When reviewing lines and patterns, it is important to understand all the different scenarios and focus on which pattern is closest to forming so you can take action.
2) If the price goes below around $47K, keep your eyes open for a potential H&S Pattern completing the formation. This could bring the price down to around $41K-$42K. This would bring the price to around the wick area on December 3, 2021.
3) The RSI (relative strength index) has been supported by a trendline. Keep an eye on the support and potential break.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC scenariosHello everyone,
Which one will it be?
BTC is on the verge of an important decision. Will BTC complete the HnS and Head to 42k? Or will BTC bounce from the support and break the HnS creating a strong reaction that will bring it to 56-58k?
Most of the oscillators and momentum indicators are flashing oversold. However, if we look at the volume, every bounce from 46500 was with drying volume, which is a bearish indicator. Will the volume increase on support to signal a breakout or, will it be a fakeout? Considering the indicators, there is a reasonable probability that the HnS continuation will fail. However, the best play is to wait.
Wait for a confirmation sign (breakout of the neckline 46500 or break out of the head to right shoulder resistance at 50k).
It is always best not to be surprised.
If we bounce convincingly from the support, it will be a good sign of a reversal. If we open and close on the 12h below the 46500, it will be a good sign that 42k is coming.
Stay safe
FOLLOW ME, SHARE, LIKE AND COMMENT
Bitcoin, What is next?Hello everyone,
In this video, I am going through my thinking process when looking at the current Bitcoin structure.
Hopefully, this will help you learn to create a strategy and a thinking process that is unique to you.
If you follow other traders' ideas, you will likely lose money nine times out of 10.
Why?
Because each of us has a different plan, risk management strategy and capital size.
So think for yourself. However, the best thing you can do, if like me and money other you have lost money due to poorly managed trades, is to educate yourself...Knowledge is power, practical, and you will be able to use it every time you need it.
Remember, opinions and confirmation bias in markets is the death of traders. Accept to be wrong to save your capital.
FOLLOW ME, SHARE, LIKE, and COMMENT if you enjoyed the video.
BTC Bitcoin: Short Term Double BottomHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin (BTCUSD), a cryptocurrency.
Quick Analysis:
1) This analysis is short-term and shows the Double Bottom Pattern Breakout Potential to around the $56K-$57K.
2) If price moves to that target, be ready for a potential Dead Cat Bounce scenario or Bull Trap scenario to happen. This is using the Fibonacci Extension levels.
3) The RSI (relative strength index) is being supported by a trendline.
4) The chart has many of the notes. Please read thoroughly.
5) Remember this is just a scenario of what could happen. Anything is possible.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin lowest target is 42765$Hi everyone,
In my count, #Bitcoin is in a WXY (double correction). Y can be an impulse down, WXY, ABC or ABCDE. #bitcoin actual pattern look like a barrier triangle W4 (descending triangle), which should bring more downside. This scenario show a max target of 42765$. Another possible target would be 45842$ is 161.8%. If this turn out to be a WXY inside Y 35k would be a possible target, but this is not what i see for now. Best to you.
A W on the 4Hour chart for Bitcoin???I think this is a W forming on the 4-hour chart that's going to take us to the 58K levels, also a very important Feb. the line we just passed 0.5, Daily RSI is very low has nowhere to go but up .....this is very Bullish for Bitcoin
Bitcoin H1 diamond patternBitcoin is forming a diamond pattern on the H1 view.
The bullish target is 52,000$ and the bearish target is 45,000$.
Bitcoin H4 W patternBitcoin is forming a W pattern on the H4 view.
Bullish target is 55,000$ and bearish target is 49,000$.
BITCOIN urgent market updateHello everyone,
In this video, I dive into the least price action of bitcoin.
I use different indicators such as moving averages, Elliott wave counting and oscillators.
I also explain why I changed my Elliott Wave counting and my opinion on this current BTC trend.
If you like it, don't forget to
FOLLOW ME, SHARE, LIKE AND COMMENT
