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Bitcoinusd

Bitcoin has just fooled me!Hello, everyone! Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us. The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural correction for triangles. Triangles usually happens in waves 4 or b and we have the wave 4 now. I considered flat correction but in this case we have to see the impulsive wave 3 to the upside inside wave c, but we still did not. I think that BTCUSDT is about to form d and after that wave e before the wave 5 to the downside. I decided to re-open short (at the same level where I closed it) and wait for the minimal wave 5 target approximately at $15k. Best regards, Ivan
Short
by Skyrexio
17
BTC Bitcoin to $12KIf we look at the chart, we can see that BTC Bitcoin was trading lower than its strong support of $17400 and there is not too much volume between $12k and $17K, so it will most likely test that support as well. . On the other hand, i think that by Christmas we will see other institutions or funds with exposure in FTX being margin called! People will leave exchanges for their own wallets. And the last fight will be against the USDT for depegging! Looking forward to read your opinion about it.
Short
by TopgOptions
8
Bitcoin – local pump before crash!Hello, everyone! Yesterday my short setup started doing pretty well, but when I woke up the price immediately pumped and reached the entry level. Today I decided to close my short at the entry because now the Bitcoin is not forming the wave 5 according to the trading chaos approach. Moreover I missed the order block at $15800 and it’s understandable why price pumped from there. Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Here we can see that the price broke the wave structure of the wave 5 and decided to form my unfavorable structure – flat correction inside wave 4. I missed the fact that wave 2 cannot be represented as a triangle, one clever man noticed it and wrote the comment below the previous analysis in TradingView. Thank you, bro! Now it is clear that the price is forming the wave C. I always have 5 waves and now Bitcoin finished the wave 1 and probably 2. I opened long position with the target at $18k because the price has reached exactly the 0.61 Fibonacci retracement – the original target for the wave 2. Wave 3 should not be too long and I suppose it will be finished at the minimal target zone – 1 Fibonacci extension. After that we have to find the divergence on the local timeframe between waves 3 and 5 inside C and trade the last bearish impulse. Best regards, Ivan
Long
by Skyrexio
17
Bitcoin – incredible short opportunity!Hello, everyone! Today I am going to show you very interesting short trade setup becuase as I said in my previous analysis the dump is not over. Let’s go! Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. At $15500 the wave 3 have been ended and after the market showed us the wave 4 which was represented as the zigzag correction. Now Bitcoin is showing us the wave 5. I suppose that wave 1 have been already ended and wave 2 also is about to it’s end. Wave 2 looks like the triangle correction which have reached it’s original target at 0.38 Fibonacci retracement. I decided to open short trade with the target approximately at $14500 – 1.61 Fibonacci extension level. This is the anticipated target for the local wave 3. Best regards, Ivan
Short
by Skyrexio
25
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them ! - So if u went in around 19k+, you had already a great deal. - Now if you didn't board the first train. i suggest you to wait. - i don't show any indicators to keep the chart clean. ------------------------------------------------------------------------------ Trading Parts ------------------------------------------------------------------------------ - we are reaching a particular zone, so be cautious ( bears or bulls same ) - Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator. Buy Zone : 21,150++ (DCA) TP1 : 22,500 TP2 : 24,900 ------------------------------------------------------------------------------ Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
4