BTC : Phase E, According to WYCKOFFBINANCE:BTCUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals , see here :
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Bitcoinusdt
Bitcoin Next MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line
Completed " abc " Correction
Break of Structure
RSI - Divergence
Bearish Channel as an Correction in LTF
Fibonacci Level - 61.80% / 78.60%
Bitcoin Ready For Next Big Move! Is 25K Comin Today with FOMC ? Bitcoin in a triangle pattern trying to find its next move.We could touch 29.1 to sweep the high and 26.8 to sweep the lows before our main move.
We usually get a decent to big move with FOMC but sometimes the main move happen a day after
Losing 24.8K (golden pocket) could result in a HUGE capitulation.
*** DISCLAIMER No Financial Advice ***
Thanks for watching
Update $BTC ChartDaily chart for BTCUSDT
(First of all, this is my own view, that is, it is not a recommendation or advice to buy or sell.)
My way of dealing with Bitcoin lately is that I deal with it in stages, once I look at the next stage, and each stage has places of failure and confirmation.
For me, Bitcoin still targets higher areas, unless it breaks 26942.82, it fails and then forms a descending wave targeting as shown and the extension is confirmed by breaking through its current high.
Let's discuss the next step away whether the price of Bitcoin extends or not.
Is Bitcoin still targeting falling price zones?
-Yes, it still is.
Is Bitcoin currently in the lows of new highs?
-Yes, although I would rule it out very much.
That's why I said earlier that I deal with Bitcoin in stages and don't skip it until it's confirmed to the other stage.
However, Bitcoin is an outright correction both now and if the price is extended.
After an explicit correction, there may be a good period for speculation to take advantage of the rebound.
When we are sure that the retracement is speculative rally and not a continuation of the bullish wave, simply if breaking the specified areas, it is enough to continue to the next.
(Now we return to explain the chart.)
If the 25k areas are maintained, it may be positive for Bitcoin, which may continue to target higher numbers than before.
If we break it, we'll see the 20k area and then we'll see a beautiful bounce to complete the station to the more important numbers 16k areas, as shown in the chart.
The question now is, Will Bitcoin suffice at this place, or will it still fall to the next area? Although I am a supporter of the big relegation to the 9k zones, it is very possible that he formed a bottom to complete the ascent for the next bull run, but we do not deal with emotion whether he will be satisfied or not! We see that as soon as Price Action appears clear and explicit in that area and we see the factors surrounding him having had enough of landing, then we continue to ride the bullish wave with him. However, in such areas, emotion prevails over the trader, so care must be taken.
On the chart, it is clear that if the 16k area is not respected, it will fall to 9k, but there are areas that precede it, so it may be enough for any one.
Good Luck^
What is ETH Direction A complete triangle pattern is evident, but according to the current situation and movements of Bitcoin, it is not possible to definitively predict the movement of Ethereum, although I believe that depending on the movement of Bitcoin, one of the two price movements that I have specified in the chart will happen.
#Bitcoin bear market Bottom 2022if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ
we are already in the final first half of the bear market, and i think now we are in the seconde (last half)
the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the Bitcoin price ... im already in accumulation phase right now already invest 10% of my wallet, lets get the party start.
Bitcoin $25k or $32k first??Bitcoin has 2 main scenarios in play...
Looking at the bigger picture there is still no reason to be bearish, price could easily go higher..
Bitcoin may pump to $28.8k, if it rejects I see $25.3k possible before a move up. .
Or we could pump into new highs from this range..
BTC : A Scenario We DON'T WANT To See ⛔Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Bitcoin is consolidating under resistance zone of $29k - $30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under $25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around $19k.
I'm labelling this post as a "long" or bullish, because until we actually drop under $25K, I remain of the opinion that we've stared a new bullish cycle.
While you're here 👀 Check out this update on XLM which recently increased nearly 60% :
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EOSUSDT ready to 🚀🚀#EOSUSDT
RSI showing bullish EMAs showing a bullish move MACD is showing bullish Ichimoku cloud is neutral ZELMA is showing uptrend-move Accumulation distribution is neutral Fib retracement is showing bullish
we are in over sold area in daily chart time-frame and we have powerful support zone i expect the price will fly to the target at the chart buy and hold it to the next targets at the chart
How to increase winning trades?In the areas where the market is sideways and oscillates between the bottom and the ceiling, or ascending channels or descending channels, the chart can be divided into 4 parts, and in the bottom or the lower quarter, look for the entry trigger for the buy transaction, and in the upper quarter, look for the trigger. It was sold for trading and we do not do anything in the two middle ranges
In this way, the winning percentage of the can be increased
next moves of bitcoinafter the previous prediction, it's clear that I'm waiting for a big crash in cryptocurrencies.
if we look at the previous movements of BTC , it seems that the chart is forming a 3D pattern and we'll see the last upward movement after a short correction.
PS: The zones shown in the chart aren't exact and this is just a schematic prediction.
BTC in the new MonthHello Traders
Since we've already had 3 months to the upside, I expect BTC to have a correction during this month.
On the chart you can see what I expect for the following days. We might go to the upside to liquidate all the shorts and then go down. In this case, April would be a bearish month with a small wick on the top.
Best of lucks,
trade safe.
Bitcoin has almost finished the uptrendHello, my friends!
You know where I opened the long trade - at the very bottom when Bitcoin has printed the bullish reversal bar.
Today I closed 50% of position at $28500 and the rest part now have the stop loss at the entry. Therefore I have +1.5%✅ to deposit guaranteed profit and +3%🤑 at the current prices. I made this decision because on the local time frame price is approaching the 2.61 Fibonacci level. Now I expect the local correction in wave 4 approximately $27800 - 0.5 Fibonacci retracement level.
I am going to close the rest of my long trade at the very top of the potential wave 5. When Awesome Oscillator crosses the 0-line I am going to find out the divergence and bearish reversal bar.
Best regards, Ivan
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
#BTC/USDT Important Update!#BTC: Closed above $27300. Expecting a short-term bounce here.
However, the price has finally made a new lower low in LTF indicating a change in the short-term trend.
A bounce around the $28k-$29k area will trigger a sell signal.
TBH, Things are still uncertain.
I will hold my BTC and sell on upper resistance levels if it gets there to get into Alts.
Also, to keep in mind, There's a possibility for BTC to hit $40k too but for that, it needs to sustain above the 30.5k level. This is another scenario that I will explain in upcoming updates.
Technically the price is looking to bounce here followed by some corrections.
NFA, DYOR.
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
35k Is coming? #BTC Will continue to Upper edge of the channel?a simple law has said: when trend breaks up/down a channel. certainly, it goes up/down in another parallel channel which is equal to the first channel.
hence it is mostly probable for bitcoin to reach the upper edge of the second channel.
35k Is coming? #BTC Will continue to Upper edge of the second channel?
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.