BTC Bitcoin Technical Analysis and Trade IdeaIt's evident that Bitcoin has faced sustained downward pressure for a considerable period. A close examination of the chart reveals a decisive breach of the existing trading range to the downside, followed by a subsequent retracement. In our discussion, we explore the prospect of a potential entry point, while also carefully analyzing certain adverse indicators that are clearly visible on the chart. It's crucial to emphasize that all insights and analyses are comprehensively explained in the accompanying video and should not be interpreted as financial advice.
Btcanalysis
BTCUSD Analysis 3Sep2023BTC analysis is still in accordance with the analysis some time ago. Where the price goes down to SND and is currently still continuing the bearish trend. Seen prices approaching Wave 2, had seen bullish some time ago but the price returned to the 25800 area. There is a possibility that the price drops back more than wave 2. If this occurs is likely to be fake out, or if there is a bearish continuation then the Elliot wave notation will change .
Channel tradingHow to trade channels after sharp moves, where there is a valid money flow in the market.
During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames.
Here you need to get confirmation and be patient for pull back, it is important to put your stop loss precisely and of course be loyal to it (please do not move it)
Put the stop loss under that shadow but with enough space for breathing
Good Time for Trading Bitcoin.It is too early to succumb to emotions, since there are still many stops under the lows. Most likely, this is a short-term trap, but if the price goes out and fixes above the red zones, it will become a more bullish sign.
When the minimum is updated, the fifth wave of the lower order will be placed, after which we can expect a rebound in order to close the gap.