Bitcoinusd
Bitcoin is gaining momentumHello, everyone!
Yesterday I opened long at the confrimation of the bullish reversal bar🟢 and now price is fluctuating inside the narrow range. Of course, the price is looking so bad for bulls. We can see the weakness on the price action.
At the same time Bitcoin has formed the bullish reversal bar with the great angulation with the Willams Alligator indicator. Moreover the Awesome Oscillator is gaining momentum right now, while the price is showing the downtrend. The last confirmation that I chose the right side is gonna be the key fractal level breakout at $27227.
I am not going to open additional long at the breakout because I have already opened long with the better risk to reward. This is the local trade becuase globally I expect the new bearish wave.
Best regards, Ivan
BITCOIN ENTRY ZONEGOOD DAY traders.....i think our zone on 24365.30 would be a good entry on bitcoin because the market broke out of our downtrend and gave us a reverse head&shoulder pattern.i will be putting the little money that i have in hopes that it reaches all time high. Note that this is not a financial advise it is just my idea. do your own research i am just trying to escape the matrix just like you.goodluck!!! see you at the top!!
Bitcoin BTC price analysis. 🔥 FOMC meeting - New FED rateIt looks like the BTCUSDT price may start a correction today.
For many, it was a shock that risky assets, such as cryptocurrencies, were growing very actively amid the "banking crisis."
Over the past week, the BTCUSD price gained +30%, and over the previous two weeks, +45%. Such rapid growth was last seen in 2020, when the financial markets were well pumped up with money that was poured in for Covid-19 support.
And now, pay attention: there are rumors that the Fed has printed fresh $2 trillion, which will be injected into the financial system to stabilize situations and processes. Of course, the money will flow into various sectors of the economy.
The last time such "help" was in the "covid 2020", look at the charts, how everything grew then)
If we assume that the Inverted Head and Shoulders pattern has completed its formation on the BTC chart, then the final beautiful picture lacks a "finishing touch."
Retest the "base-neck" of the Head and Shoulders pattern
The first buy zone is $24660-25010 , if buyers do not allow the price to fall below, we will see a strong continuation of growth
The second buying zone is $22580-23600 . It is worth leaving capital for purchases in this zone as well. If the price drops here, the growth structure will not be disturbed and will be relevant, and a better average price will be a nice bonus.
The final growth target, according to this Inverted Head and Shoulders pattern, is in the region of $40,000 per Bitcoin
Tomorrow, 22.03.2023 is a very important day, as many financial market participants are waiting for the announcement of the new Fed Funds rate. As of the time of writing this idea, votes are 65% "yes" a +0.25% hike / 35% for the rate to remain unchanged at 4.75%.
Over the past 1.5 months, the mood of the participants has changed so much and many times that it would be accurate to say that 99% expect some kind of "surprise" tomorrow.
So, keep your finger on the pulse, put stops on your trading positions, subscribe to us, and write a comment. And we, in turn, will update our ideas and share our thoughts as quickly as possible.
Together we are strong!
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BTCUSDT INSIDE DAY, FOMC NEWS UPDATE!BTCUSDT 1D,
The price of bitcoin has formed a specific direction on the daily timeframe, the thing is that you don't see a reversal immediately, before reversal we either go sideways and form balance OR we form inside day pattern like we currently witness.
What is inside day?: As you can see, a whole daily candle without breaking lowest low/highest high of the day before it, the candle is inside of that resistance and support. Knowing that there is FOMC news today there could be 2 possibilities 50% / 50%, if we go for a higher high and close we will continue to the upside, if we close below there could be a possibility of continuing to the downside. MOSTLY if in the next day we go for another lower low candle.
BTCUSDT WEEKLY IMPORTANT CHARTBTCUSDT 1W,
Do you see these two weekly resistances from above? They are very strong, mostly the $30,000 one. The thing is that the 30K one is very predictable by the majority of people, and if there's one thing that I have learned from trading is that you don't go with the majority, because they lose. We could see a pullback from the 30K but we might also see manipulation and a fake-out that will take us above the predicted level, which will make people greed and long more, once we reach the 31K weekly we go for a correction, let's see how it goes. We will keep you updated.
The price of Bitcoin has soared driven by market optimismLast Friday, Bitcoin fell to US 19,569. How desperate the market was at that time, and how enthusiastic it is now. In just one week, the Bitcoin market has undergone a shocking reversal, breaking through the previous high in one fell swoop and reaching above US 27,000.
In terms of daily structure, Bitcoin has broken the previous horizontal pressure level. At this stage, it is in a vacuum zone. Bitcoin price analysis has been slowly rising since the beginning of this week, and more buying pressure has been observed in the market. Pressure.As tokens are supported by strong buying pressure and good technical prospects, market sentiment remains optimistic, and the bullish momentum is expected to continue, with the next level of pressure around 30,000.
From the four-hour level, it can be seen that the last downward pullback was at the position of 0.382. Next, I think the possibility of constructing an equidistant ABCD is very large. As shown in the figure, Point D is far from being reached. The rise in the past two days has formed a complete breakthrough in the previous chip-intensive area. If there is a pullback in a short period of time, I think the pullback may as well be an opportunity to participate in long-term.
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Long Bitcoin for the cultureLong BTC here, pretty tight stop. Bearish patterns may start playing again and if so will calibrate, but for now looking for short squeeze here, under 200MA, deviation out of fallng wedge, falling out of larger diagonal trend line, head and shoulders pattern overshot target a little. Not advise, stops incase of flush.
BTCUSDT Buy Setup!BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $18878
Buy level: Above $18800
Stop loss: Below $16100
TP1: $20500
TP2: $22800
TP3: $25000
TP4: $35000
Max Leverage 2x
Always keep Stop loss
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Bitcoin BTC price analysis. Why you should be careful ?!The situation in the cryptocurrency market is interesting, as the whole world is watching with fear how American banks are "cracking" - the BTCUSDT price is growing rapidly, and these altcoins are trying to keep up.
We described our main scenario of BTCUSDT price movement and the calendar of "important events" until April 2023 here:
Today we want to share with you our "wave analysis" estimations.
The market is currently at a stage where there is a certain dissonance between the news background and price movements. Therefore, it should be clearly understood that now, and in principle always, we are trading "probabilities", the risks of which are controlled by stop orders!
The golden rule of trading: "The sooner you recognize your mistake, the less you will pay for it from your deposit."
Well:
We assume that the rapid growth of the BTCUSDT price requires correction. We assume that it is still possible for the BTC price to rise to $26790 today/tomorrow.
Then we can expect an equally rapid drop in the BTCUSD price, at least to $21000-21500. Accordingly, we will place the first pending orders to buy BTC and altcoins according to this assumption.
In our opinion, it is in the range of $21000-23000 that the trend of the crypto market price movement for April 2023 will be decided, but we will talk about this in our next ideas.
We are ready for a constructive discussion on wave analysis and the prospects of the crypto market in the comments below the idea. After all, it is in the discussion that the truth is born.
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Choose your Freedom- Just for Sharing
- Not a Trade setup.
- Need more confirmations to accept this trend.
-- Bitcoin is more than the speculative numbers that most of peoples see in it.
-- "For the people.By the people".
-- Choose your Freedom and your path.
Non nobis solum, sed omnibus.
Happy Tr4Ding!
BITCOIN is back in its original uptrend state. Watch price grow!
BTCUSD is in its natural up trending spirit again. This was confirmed by noticing a relatively strong bullish reversal pattern within a stronger reversal pattern, the Inverted Head & Shoulders patters. this can be made clear buy utilizing the different variations of candles. The Candlesticks chart, the Line chart, as well as the area chart. Simple structure shows that a higher high was created and price retraced to the mighty 38.2% Fibonacci level, however it also re-tested that level with a second bullish engulfing pattern. After price confirms a break of the neckline then pulls back to re-test, this pair will provide excellent Long opportunities for immediate profits.
BTC RALLY DUMPBitcoin has formed RALLY DUMP scenario, expecting to see reversal soon which is already happening, I believe that the entries for shorts hasn't been picked fully yet, we need to go up in-order to grab more liquidity for shorts in-order to be able to have a chance to destroy the people who are trying to catch up in the market, for that we need to fill the entries of RALLY DUMP scenario around the price of 25384 - 26K, where we also have got a 0.618 Fibonacci. I believe that the first target would be around 24455, the second Target would be around 22500 - 22189 where we will be placing longs from there.