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Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here) Here are the main reasons why. 👉 Elliot Wave Theory I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5). 👉 Bitcoin-Dominance Increasing & ALTS Bottom Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE: _____________________________ KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
Long
by CryptoCheck-
$700 on a Saturday Morning (BTC)Probability is the name of the game with any trading setup. Let me ask you this, If I made you a bet in which you think the probability that you'd win that bet is lower than your chances of winning, would you take that bet? If you answer yes, you are a gambler because that is exactly what gambling is. If you go to the casinos, you hear it all the time - your chances (probability) of winning are very low as they are skewed in favor of the casino. Lets be real, a casino is a business and the business's goal is to make money. It is just sad that most gamblers aren't smart enough to realize that the money is mostly being made off of their backs. Conversely what about if you realized the probability is skew more in your favor, would you take the bet? You'd be foolish not to as it is more likely to be easy money for you right? That is the theory I have applied here. Simple in and out. That's it, no special strategy, special terminologies, weird candlesticks patterns and all that B.S. K.I.S.S - Keep it stupid simple Have a good day guys!
COINBASE:BTCUSDLong
by Brandon_evo4
1
BTC Bitcoin Technical Analysis and Trade Idea👉🔍We can observe that Bitcoin (BTC) has been in a bullish trend recently and has retraced to a key support level. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
FOREXCOM:BTCUSDLong
by tradingwithanthony
BTCUSDT Forms Bearish Head and Shoulders: 5% Downside Target in Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end. The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by two lower peaks (the shoulders). As the price breaks below the neckline, it confirms the pattern and indicates a likely downward movement. Key points to consider: Pattern confirmation: Watch for a decisive break below the neckline. Entry point: Consider entering a short position upon neckline breakout. Stop loss: Place a stop loss just above the right shoulder for risk management. Profit target: Aim for a 5% downside move from the breakout point. Traders should exercise caution and use proper risk management techniques, as no pattern is guaranteed to work every time. Always conduct thorough analysis and consider multiple factors before making trading decisions. #Bitcoin #BTCUSDT #CryptoTrading #HeadAndShoulders #TechnicalAnalysis #BearishPattern #CryptoMarket #TradingStrategy #CryptoTrends #RiskManagement
BINANCE:BTCUSDShort
by XTradeSetup