Bitcoin Long Term IdeaIt is possible for Bitcoin to experience a pullback at this point. But I don't think this pullback will end the bull season. Price Pullback will be up to a certain point. If the price cannot hold well in the 37-38 thousand range, it would be logical for me to think that the bull season is over anyway.
Once the price reaches the 58-59k band from this point, it will start a bearish movement again because the sellers are waiting at this point.
On the other hand, if Bitcoin can hold in the 37-38 band, we can see $102,000 in a possible bull season.
Please manage your risk.
Bitcoinusdt
BTC Long set up at 37k and possible evidence of a great buy. After finding strong resistance at 53k. BTC could go into a correction and here we are looking for evidence of a great possible long set up. Going to the Weekly, we have a weekly resistance marked by blue horizontal line which could flip into significant support. Not only that but we also have our 0.618 fib of our uptrend wave that lands on a High volume node on our uptrend volume profile. These are strong confluences that can give us a greater possibility of strong support.
In our current situation BTC found very strong resistance at 53k which was the 0.618 Fib of our downtrend as you can see in Exhibit A. We broke our uptrend channel (Exhibit B) and is a good signal of a correction. As of right now we have our 0.382 FIb at 42.6k holding as support. Once that breaks, we have a high chance to test our PoC of this uptrend at 39k. A possible bear trap could happen if we break PoC and sub 37k would be my target for long entry.
Exhibit A
Exhibit B
Exhibit C
Short 🔴 Sure Short, Vampire Cat WedgeShort 🔴 Sure Short, Vampire Cat Wedge
The left-wing (bearish wedge, red trendlines) of the vampire cat broke down.
We're seeing a retest now.
If the price is rejected, it'll crash in the right wing of the vampire cat.
Will it be rejected?
Daily trade BTC volume is dead.
Shorts on altcoins are piling up.
Long-term investors go to El Salvador to dump their BTCs.
We think about a short position.
Trade only confirmed patterns.
Trail your profit carefully.
Possible Longing OpportunityBitcoin Drops to 42k Level and this Drop was expected as what I publish in my previous Analysis, Now if you want to Buy Back Monitor this Chart I mentioned the Location
where to Buy back..
Note:- This is My Personal Thinking and not a financial Advice, Think carefully before your Investment.
BTC Fibonacci IdeaHi guys,
I just want to briefly go over my Fibonacci 0.618 idea. When you pull the Fibonacci extension from the previous bull runs ATH to the low we can see that as the market went for another push it was rejected from the 0.618 quite harshly which was followed by a multi year bear cycle.
Now the real question is will this come to fruition? or will we see this completely invalidated and we continue the super cycle.
History doesn't always repeat but It's an interesting thought.
Thanks for reading
Please leave me a comment and like if you enjoyed my post
Bitcoin heading to break 54000 as resistance levelFrom the chart Bitcoin heading to break 54000 as new resistance level , to continue uptrend BTC should trade above 47000 as support level .
Be careful traders .. and good luck .. cheers !!
This is for educational analysis not financial advice , and you need to do your own research.
BTCFirst scenario (very weak):
It rises above the broken trend line and continues to grow after stabilization.
Scenario 2 (probable and strong):
Completing the pullback to the trend line is broken
In the short term, it appears to be between $ 41,500 and $ 43,000 at worst (repurchase season)
The overall bitcoin trend is still bullish due to the Ichimoku cloud, and this correction will be short-term
BTCUSD (4hr)BTC has found support around $47k, price action looking similar to the previous touch of the ascending trend line where support was found at $44k (19th August), before price bounced and moved up to the $50k level. If we are able to replicate such a bounce off the trend line again, we could reach the 0.702 level of $54k, approx 12% gain from current price.
RSI has also reset on the 4hr chart (around the same level as it was during the previous touch of trend line)
BTC final sceneOne of the best scenarios of BTC is to first give an opportunity to buy in area A. then to rise to area B, probably with a sharp and sentimental movement. and then to start a longer consolidation to the support area C.
This chain of actions is a very "easy to manage" scenario for professional traders. but keep in mind that being easy doesn't mean that making mistakes can't hurt you bad. it's a high risk-high reward area. you should be professional to succeed.
don't forget to comment
BTC Sell a break.Bitcoin - Intraday - We look to Sell a break of 49868 (stop at 50555)
Daily signals for sentiment are at overbought extremes. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Bearish divergence is expected to cap gains.
A higher correction is expected.
20 1hour EMA is at 45600.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 47826 and 47226
Resistance: 50500 / 51500 / 52000
Support: 50000 / 49400 / 48200
A BITCOIN CONTRARIAN CLUB1. Sometimes be a contrarian against speculation and sentiments provide a great moves.
2. Most of the time, both 'This time is same' and 'this time is different' were bad decision-making sources.
3. US Dollars index seems creating a reversal, same as end of 2017 = people are hedging their assets into US Dollars.
4. Stocks(S&P) is on bubbling, while transportation(DJTA) is on diverges. Will our economy to the moon without space rocket?
5. Do institutions or countries getting financial advise from their best financial analyst to FOMO into bitcoin at 'high price'?
6. Do retailers/stocks traders really need to hedge their assets into the high volatile asset class during economy corrections only because of the supply squeezes on-chain?
In longer term, i believes everyone read this are bullish on bitcoin including me.
Lets put whats do you think in comment below.
BTC/USDT Correction in the NEAR Future....BTC/USDT has been in a downward channel that has recently pushed 64.65% hitting the current supply....
A correction is incoming and has failed to break the current supply. Once BTC breaks below my current trendline and retests this would be a great time to start finding short opportunities.
The first demand level is between $41495-$39450 if price falls below I have listed out the other three demand zones.
Always take profit when entering a demand zone good rule of thumb is the 25/50/75/100 rule!
As always look for high volume plays and strong price action before entering a trade.
Comment if you have any questions or if you agree/disagree!
This is not financial advice trade at your own risk.