Btc-usdt
BTC - DO WE TOUCH 20K?BTC hold 30k in monthly time frame which is very important but one of the reason the market is slow growing is that the market is still in fear and most folks probably waiting for 20k or so to buy and the volume is quite low but my conclusion is that it is very unlikely we touch 20k.
From this point, 31k, we can go lower or range like 28 or maybe 26k but I dont think 20k would happen.
BTC Volatility 01 June 2022 BTC Volatility 01 June 2022
The current percentile of BTC is around 2.74th
Based on this, we can expect that the market is going to be below the daily volatility, which is around 3.86%,
which at the same time translates in an aproximate +-1200$ movement
For this we can assume close to 80% probability of efficiency based on the last years data.
Based on this our channel for today is going to be, assuming the opening price is 31780
TOP 31780 + 1213 ~= 33000
BOT 31780 - 1213 ~= 30550
At the same for those that are looking for entry points in case they want to go long/shortwe can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 1.14% which translates into a +- 357$ movements.
And this comes with a 70% probability based on the last years.
TOP 31780 + 357 ~= 32150 => as an entry point for long where we can use the opening price as a stop loss
BOT 31780 - 357 ~= 31420 => as an entry point for short where we can use the opening price as a stop loss
Trade idea BTC/USDTBTC-USDT LONG TRADE 4H
Approach 1: Buy support
1. I would like to see the price go towards the first area of interest zone.
2. If this price hits the first level I will be looking at is the 32.000 level. I might want to scale out depending on the current price action.
3. Second TP will be at the 34.000 level, here I would consider completing the trade or letting a small % run the trend.
Approach 2: Breakout trade
1. Price breaks above resistance of 32.000 level with enough volume and according to price action (e.g. bullish engulfing)
2. This will then be an RR:2 trade. TP at approx 5% profit and SL at approx 2.5% loss.
Hey you! Yes you! I hope you like my approach to this chart, If you like the idea make sure to like this post it would help me a lot!
is there something I left out and you think is essential for this chart? let me know in the comments
BTC to $35k first?Hello traders, this is SixtusGlobal, and here is my new BTC idea.
BTC price is presently ranging between $28k and $31k.
This level is a very critical POC that must, at least hold the price for further upside movement before price eventually collapse.
I have highlighted the first resistance at $32k and the second at $36k.
Volume is considerably low and perfect for a ranging price.
The first support sits at $28k and the second at $27-26k.
I believe we will test either of the above resistance before dropping to $25k.
Please LIKE, COMMENT, SHARE and FOLLOW me.
BTC USDT reversal happening?Based on the daily time frame chart we can see a reversal or rejection happening at the bottom in lower time frames and moving towards a w pattern.. if at all market sustains above 30000 for the next few days after consolidation we might see an upward trend.. till then there will be no clear direction of trend.. please comment your thoughts on this!!🤔
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
A downtrend parallel channel has formed since the 21st of April.
Also, a Falling Wedge has clearly formed.
Support and Resistance main areas are shown.
A bar pattern repetition shows a possible price movement for the next days.
Volume increasing.
Multiple Support & Resistance levels shown as horizontal lines.
If the price breaks out of the downtrend parallel channel will hit 37000K.
As if the price goes out of the Falling Wedge, we might see a wick at 34000K, then also a new TA is needed.
BTC = $37,796.42 -2.10%
= 13.80 ETH +0.81%
Dominance: BTC: 42.3%
ETH: 19.5%
Market Cap: $1,697,329,973,825
24h Vol: $81,975,886,708
Good Luck
#CryptoHellas Team
BTC/USDFor a long time we suppose BTC price turn up. We can see on chart down trend shows us bear flag formation. We saw 25500 area and bounce a bit on Daily. Bear flag formation still valid. As we see on chart 28546 area important to bounce 32K-33K. In long term we suppose 46K area.
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.