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!
Bitcoinusdt
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Bitcoin Consolidating to go Lower AGAINBitcoin/1H Doing another Pennant
We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move.
Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it.
We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just starting and we yet have to see bigger red candles ~13%
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Thanks for watching
BTC …ready for breakout ?BTC / USDT
Hello everyone
The chart tells everything
at the end of every bear markets i found this pattern is repeating:
First is Accumulation then spring or you can call it deviation or stoploss hunt or whatever you want …then massive pump … will history repeat itself ?
This is the third attempt at 25k and to be a valid breakout we should have a strong big green weekly candle to break all resistance … please be ready for volatility
Appreciate your support by likes and follow for more analysis
BTC Short term scenarioHi guys, this is not trading advice and the risk of this position depends on your previous trades, profits, and margins. It's just a scenario in completion of which, I can later explain some educational tips and instructions.
feel free to leave comments and ask your questions.
Bitcoin. The buyer keeps the priceHello guys, today we have a rather bloody day on the crypto market, the price of bitcoin fell below the support zone of $21500-21700. Now the price is testing the next support zone (indicated on the chart). I would advise you to stay away, because if any of the zones is broken, the resistance will be very close. I watch and wait for a better situation for myself, as a leopard waits for a good moment to attack his prey. All goodness
Bulltrap idea for Bitcoin $25,000 then dump with CPIThis could very likely be a scenario for mm's to push price up when lots are bearish currently to generate enough liquidity to for mm's to sell at these levels before dumping the market.
I think its currently a beartrap and am longing one last time before the real dump.
NFA
Bitcoin BTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly. You can take a look at my previous weekly btc or daily chart. The info is pretty much the same, however on this chart I am zooming out even further for you. The chart on the daily for my previous chart is wrong though, I did not use the full data given to me with that chart. On this BLX chart I have the full data. On the daily I had the bottom marked around 20k and weekly I have it marked around 12k. Regardless of where I have the bottom marked, I will claim both of those charts to be off since I do not have the full data. On this chart I have data going back to 2010 giving me a more accurate wave count. Wave 1-5 on the smaller cycle took us about 11 years. I am expecting wave 3 to go a bit longer, about 12 years. Currently we've finished wave 2 or we're finishing it. Either the bottom is in at -77% or we have one last leg down to 12k, being -81%. Wave 3 price target is 180k (no moonshot).
A long position from today's price your R/R ratio: 12.52
Possible upside: 636%
Possible downside: -50%
A long position from 12k your R/R ratio: 120.33
Possible upside: 1241%
Possible downside: -10% I'd like to say none, we might wick a bit lower, but personally I would claim this to be the bottom and not use any stop losses.
I will dive a bit deeper into this chart below so I don't make this chart too sloppy.
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high.
Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February.
Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k.
Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
$DOGE - will it follow $SHIB ?Hello my Fellow TraderZ,
Dog community tokens are barking superbly one by one, but the leader is lagging behind a lot. It will be interesting to see $DOGE rising up. $Shib has already shown us the previous night. Now its time to bark by the #DOGE.
Short term TP wpould be ~15%, if this high breaks, we can expect #DOGE to go $0.13.
CHEERS!!!
The Bull market for Bitcoin has been confirmedI am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib level. Bollinger Bands are contracting, indicating an imminent explosive breakout. In my opinion, we can begin preparing to revisit the $35,000 price level in the upcoming weeks. That is the next resistance point, specifically the 0.236 Fib retracement.
Furthermore, the outlook on the monthly timeframe is highly favorable, which is in the process of closing within the next few days.
Wishing you all a thriving bull market, my fellow Bitcoiners.
Bull confirmed.
BTC at the edge of SURPRISEthere's simultaneously two different situations in way:
1- a strong resistance (red line) that might lead to a big drop
2- a very unstable area with no previous trading volume that might lead to a spike
it's too risky to open short positions with no stop loss or with high margin
BTC until next uptrendeverything is on the chart,
note that this is just an early speculation and is just for depicting what might be the behaviour of market in the next consolidation.
so it might not happen exactly the same, and prices can not be used as exact buy/sell points.
leave any comment to discuss further
take a look at previous idea on MATIC
This support looks legitlook at these two supports.
we can see a pullback on a very long dynamic broken resistance,
and also a decent pullback on a HV on volume profile.
next resistance without looking at waves and harmonics is on 19K.
this idea is not investment advise. so be careful. we have no support below down to the 14000.
bitcoinBitcoin
It started with a negative RD and now a positive RD is forming.
The bottom of the ascending channel is in the range of 12500 to 13000, and I think the price should reach the bottom of this channel first, and then the trend will change with the complete formation of a positive RD, and the price will probably reach $200,000 by the middle of 2025.
If the price is lower than 12,000, this analysis is not valid.