Bitcointrading
BTC Long PositionBTC has currently been following Dow Theory as successive HH,HL are being formed.
My opinion is to take a long position if today's candle closes above yesterday's candle (69289.67)
My trade plan is visible in the chart. 2 Entries can be taken. 1st: when it closes above 69289.67 price.
2nd: when Resistance 2 is broken (71317.10)
Good Luck!!
BTC longterm buycurrently th bitcoin price action is the correcting phase.Also trading below the real volume area.so what could we expect let the BTC crawl down more then we will buy it in cheap price.that is how smart money does.For more further continuation of bullish trend btc have to broken the channel with a great volume breakout.this is the plan .good luck ,do not change it without any good reason
💡BTCUSD Multitimeframe Analysis💡☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Unprecedented time for BITCOIN - first time in the HistoryHello everyone, last update I said that we are in an unprecedented time
for Bitcoin so I decided today to shed more light on this statement.
I said it because it is the FIRST TIME in Bitcoin History we doing something
that never happened before.
--- BITCOIN is consolidating ABOVE its MONTHLY ATH Close ---
This should be enough as a reason for everyone interested to pay some
EXTRA attention since we may experience something unexpected...
↓↓↓ more inside ↓↓↓
1M History
1W 2011
1W 2013
1W 2017
1W 2021
1W
BULLs Case
BEARs Case
1D Summary
Hopefully, this elaboration was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders,
I am Bullish for Bitcoin for a Target of 88 K
The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns
It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern.
First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed.
Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance.
How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts.
what are the confirm the Pattern Confirmation characteristics ?
Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also.
Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth
Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks.
I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis
Do follow and like / boost my work to motivate me
God Bless you all
BTCUSD: Entering the parabolic phase.Bitcoin is on excellent bullish levels on the 1D technical outlook (RSI = 66.472, MACD = 251.100, ADX = 42.204). Following the correction of the last two months, the market has entered the green zone of the Cycle, which is its parabolic phase. This historic chart on the 1W timeframe shows that this phase lasts around 560 days while the previous blue one, which extends from the bottom of the Cycle, lasts around 500 days. This is a clear indication that at least for a year, Bitcoin will most likely rise parabolically with a possible target zone of 200,000 - 300,000.
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NEXT STOP: ATH BTCPerfect bounce on BTC at our first TP. I shared this idea some days ago and we has seen a retest there, exactly on H4 and daily resistance zone. I think we will see another continuation of the pump and this time we can probably target new ATH, and we can stop the run above $75-80.000. It's not yet the time to short
BTC Update on 19/05/2024As of 19th may 2024, BTC is trying to break resistance level at 0.618 fib level.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
💡BTCUSD Casestudy💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
[BTCUSD] - EXPANSION! 🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)"
🔸we are in stage 3 (expansion) accordibg to my vision..
that matching so likely with RSI indicator...(breaking out multi-month trendline)
🔸must be considerd that the price breaking out a POC line with large green candle too
🔸price now testing the 0.618 fib (golden level)
🔸so that... need a daily close above the golden level and u will watch new ATH for BTC.
appreciating for supporting us with ur like and hit "follow" for more updates🎯
How Will Crypto Prices Shift Next? BTCUSDThis week, we bring you a roundup of significant events in the cryptocurrency world. Last week’s anticipation of US inflation data causing volatility was realized, pushing Bitcoin up by 10% to $67,000. With such movements in the backdrop, what can investors expect in the coming week? COINBASE:BTCUSD
BITCOIN $80,000 by the end of this monthBTCUSD is neutral on its 1D technical outlook (RSI = 49.966, MACD = -901.100, ADX = 24.861) as it is trading inside the 1D MA50 and 1D MA100. This squeeze is taking place while the Inverse H&S is forming its Right Shoulder. The 1D RSI is trading over the MA level, which is the same price action as the Inverse H&S of January. If it crosses over the 1D MA50 (Resistance since April 13th) we will target the 2.0 Fibonacci extension (TP = 80,000).
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DXY(Dollar Index):🟢Possible scenarios🟢(Details on caption)Well hello, traders.
Here is my view on the DXY daily chart.
As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity.
So the first scenario is bullish and I follow this scenario (High probability scenario)
The second scenario is bearish, if the price respects the bearish order block or mean threshold of this order block we will see the price move down.
All in all, if the bearish order block can not hold the price we will see a bullish week, and if the price respects the bearish order block the weekly candle will be bearish.
💡Wait for the update!
🗓️01/05/2024
🔎 DYOR
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Quick Bitcoin Update - 5 May 2024Hello Traders,
This is quick update on itcoin , Ethereum and Alt Coins. Also suggested to keep an eye on new coins