BTCBUSD
Bullish scenario, pump before dumpI believe btc will fill the imbalance area and if it breaks the 0.618, further down is likely. This is consistent with liquidations, which I will post in the update. Please, read the updates for possible invalidations and subsequent change of course. Being agile is important, nothing is 100% and as LUNA taught us all, fundamentals do matter as well such as fundamentally multiplying the supply or price increasing multiplicatively after each BTC halving (and crashing afterwards).
Know what you are buying out there and be safe!
What to expect from Bitcoin in short termWhat to expect from #bitcoin in short term?
Bitcoin just broke above this triangle formation. And also great RSI Bullish Divergence in 4h
If it keeps making higher lows and higher highs, momentum will pass onto the higher time frames
I am longing my fav alts here
bitcoin expected path for the upcoming weeks- follow me for morehey, i am merna, a middle-eastern analyst, follow me for more ideas and quotes on twitter! luv ya ❤️
S = support
S2 = 2nd support
R = resistance
AH = all-time high
Accumulation = where most of the big players bought bitcoin, when price approaches these levels they will defend their positions hard
Is the BTC bottom in?Hey everyone,
I just wanted to share a few remarks about the recent situation on BTC charts. It looks like we're almost touching the bottom based on the log regression curves and previous lowest RSI points. BTC might oscillate a bit near the lowest regression band however, it looks like it either: respects the band and climbs back to the band area (just like after the covid or shows a new, even deeper bottom and lowest RSI point. I think that the current stablecoin frenzy is not as significant as the Covid crash in March of 2020 and should not lead to a new bottom. From a fundamentals POV, Bitfinex is recording a large volume of new BTC Long positions and the 3rd largest BTC address has bought BTC 5 times in the past 3 days. This might be a perfect long setup. My TP is set to 35500 USD and SL 27300. Best of luck , stay safe and remember to dyor.
BTC Analysis For EveryoneHere I tried to show everything as simpliest as possible.
As you can see from the graph, blue lines are our support areas while the red ones are the resistances. Black boxes are the accumulation zones.
Like I written on the graph, we can see that "Bears are stronger" or "Bulls are getting weaker against to Bears" since the price rejection was faster than before when the BTC came to the area 58-65 for the second time.
I believe BTC will accumulate inside the black box for a while like it did last summer. Than, it is important to see which direction it will break. If it can break upward, 37.5-40 k area, I believe price will try the 58-65 k area again. Otherwise, if it breaks downward direction, than it can fall down until the Weekly 200 MA Support area.
You can see my old idea below:
This is not a financial advice. This is just my analysis trial.
BTCUSDT trade false break out will be opportunity to enter
BTCUSDT trade has hit 14000+PIPS in third innings. According to our prediction trade has spike area to get strong momentum as shown in the recent and previous graph demonstration. We are consistent with our previous analysis. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
Bitcoin Slinpshot moveHello traders!
Previously I told you that when the BTC will drop it will scare Whales and institutional traders and now they have started panic selling and as a reaction, we saw more dips.
It's a wrong decision by them and soon they will buy again at a higher price.
Let's talk about patterns and their strength
Every pattern has some kind of strength and a pattern can't do more than its strength. It's like whenever a pattern is formed it's formed for a mission. Once the task is done then the strength of the pattern will fade away.
The pattern x is the set of multiple patterns which are joined together for more strength, By looking at the task they have done i can say it was impossible for a single pattern to do that. They joined multiple patterns to do the job and the job was to break the Jan 2022 low.
Now, why does BTC use the strength of multiple patterns? The reason for this is that if there was a single pattern like head and shoulder pattern or rising channel or crown pattern or some kind of another pattern then it was 100% sure that the strength of that pattern was supposed to fade away after breaking 24-Feb 2022 low and there was no chance that it was able to break jan 2022 lows. But After accumulating the strength it managed to drop below 32950 support.
Now i am sure that the strength of these patterns will fade away and the market will form a strong bullish pattern below the strong support and it will aim to break the 40,000 resistance.
The pattern after the breakout of pattern x is stretched like a slingshot and if the aim is correct then it can skip many resistances and can land above 50K
Thanks for all your support and like.
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Bitcoin : Weekly Capitulation planBitcoin / Weekly / Log Chart
Bitcoin is supported by the 50,200,300 EMA Lines for the past many years. Whenever BTC Bottoms, We see a huge capitulation candle with high sell volume. This means many bulls gave up and they sold all their Bitcoins at the bottom. Later, We saw recovery and saw new ATHs From there.
Currently, We last saw a Capitulation at 29k Last year.
Now since BTC Lost the 50EMA, The price is slowly getting gravitated towards the 200EMA. if we break 29k, Our next support will be 27k. And the worst case will be 20k.
If in case if i see a capitulation candle when we slowly go downwards, That will be the point where i will buy multiple coins heavily.
BTC in Fear and Hellfire Mode?Another risky idea to consider since BTC always never behave as expected.
With fear and greed index now at all time low and everyone is predicting holy turd we are going to 30k, are we really going down?
Long BTC
Leverage x20
High Risk (Tight stop loss as we are going against the stream!)
ENTRY 34800 - 35500
Stop Loss 34500
Target 1 : 36700 (watch closely, its going to either be a push or a retest before further drop)
Target 2 : 37800 (Critical point, breaking 38k solidify upwards movement. Rejection means we will likely drown to 30k)
Target 3 : 40000
Target 4 : 41400
Target 5 : Free range, bull takes over
Likely BTC will not move as much on weekend so expect any surge to happen late Sunday. Kind reminder again that this is a very high risk, but with basic charting knowledge you will notice 34800-34900 as BTC likely last bastion which we will try to capitalize.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
Please support my idea with a like should you find my idea helpful.
Thank you for considering my analysis!
BTCUSDT: 34906 True reversal pointHello traders!
BTC is moving as predicted. In my recent post, I was expecting a break towards the 5th trendline and I also gave hint that after a breakout of the 6th trendline we will see a minor jump and it happened. The jump broke the previous lower high but market is still not ready to pump.
According to the breakout strategy, there is one more wave remaining that will break the 7th trendline and after that, it will move up, not only that I am predicting a true reversal point. The true reversal point is the strategy which is not a support or resistance nor any supply and demand level. It is a strategy that shows pinpoint accurate reversal point. The true reversal point is at 34906.
The lines you are seeing on the chart are all breakouts. I count breakout so that we can trade with perfection and we can catch a big move at the correct time. Normally market breaks 5-11 times and this time I am expecting 7 breakouts.
The line starts from the bottom and I connect with higher low or lower low and i keep counting it till certain breakouts.
Currently, we will focus on these waves. You can ask questions about these steps.
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BTCUSDT: Analyzing with A1000x breakout strategyHello traders!
Yesterday was another successful day for us, Thanks for all the likes and support on the recent post. Hope we will be able to move with BTC not against it. All thanks to the Almighty for perfect strategies.
The lines on the chart is a breakout strategy, normally I only post with basic patterns on the chart so that it will be easy to understand and I hide my strategy because they are out of understanding by average traders and if they read wrong and try to apply by themselves they can end up in a loss, so I feel it's good to hide it. But with the rising demand for the strategies, I am posting the chart with analysis.
This is a breakout strategy in which we change the trendline after the breakout also it's important for us to count the breakout so that we can catch the final wave. In this kind of scenario market forms 5-11 waves and in the current scenario, I am expecting 7 waves.
In this strategy, we start the trendline with the bottom and connect with a Higher low or lower low. It's that simple.
Currently, there are 4 breakouts and the market is heading to break the 5th trendline.
After the breakout of the 6th trendline, we can expect a little higher jump the chance of a high jump is 75%. After that market will head towards the downside to breaking the 7th and final trendline and this is the time you should add buys.
We will see a strong rise after the 7th breakout. We are currently focusing on these waves and after that, i will analyze the next move.
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Scanning BTCUSDHello traders!
BTC is giving lots of stress to many traders as it is staying in the same range for many days, no it's time to scan BTC to see where it's heading.
The first pattern in the picture is the Head and shoulder pattern and it failed to drop hard. It's a sign that the market doesn't want to move down.
The second pattern is the 'J' shape pattern and it's the pattern that is formed to drop hard. Normally market dump from the peak of this pattern and sometimes it forms expanding Channel pattern at the top of 'J' pattern and the market drop after that.
The third pattern is expanding channel and after the breakout of expanding channel market moved towards the bottom and after that it always retrace back towards the start of 'J" pattern and drops exactly from there. It was the perfect setup and the market gave a successful drop but again it failed to drop hard. Normally it moves least 1:1 or 1:2 size of the J pattern but in this case, it failed to move towards the downside and it is another sign that the market doesn't want to move downwards.
My true reversal point is at 37475, the market can rise from here or it can arise suddenly after a breakout of 38200 support.
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