BTCUSDT: Pullback pattern against bullish breakoutHello traders!
Today BTC was looking strong bearish but suddenly it started a strong bullish move and this bullish move clearly shows that BTC is pulling back.
There are 2 different kinds of patterns, dependent and independent patterns.
The pullback pattern is always dependent on another pattern, it is always connected with another pattern and in the end, the pullback pattern pushes itself inside the previous pattern.
Same will happen in BTC, this pullback pattern is trying to pull itself inside the previous pattern and looks like it will be successful. Once it pulls inside the previous pattern then it will lose its strength and we will see some reaction pattern after that.
The reaction pattern will most probably push it downside again and it will push it without any mercy.
Trading is a game of Probability and there is still a chance that the reaction pattern will be in a favor of the buyers but most probably it will be in the favor of sellers and once it starts to drop it will show no mercy.
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BTCBUSD
₿TC to 46k?₿itcoin broke up this triangle📐 and I think there is chance for run to 45800 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 41480
STOPLOSS (SL) : local low @ 40135
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 45800
REWARD RISK RATIO (RRR) : 3.2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BTC where do you go⁉️Last trade hit it's target...
...so now you can be wondering where is our mighty Bitcoin headed to?
After breaking out of the yellow triangle I think 51.5K is the next destination. The only hurdle is the white downtrendline. Once broken we could see next leg up. Notice how the price is being compressed while approaching apex of white trendlines. Something is cooking...🍲
Looking at the bigger picture...
...the move to 51.5K makes sense to me.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BTC Under extreme pressureHello traders!
In the past few days Market rose up and every coin is at least 50% up. If we talk about BTC it is 40% up from Feb low and if we look at Jan lows it is about 45% up and at the reaction zone, it will be up exactly 50%. There is a chance that we will see a hard dip from the reaction zone.
BTC was inside a rising channel since 14 march now it's broken and it broke towards the upside, BTC can not outrun the rising channel it is important for BTC to break it downside before taking any other decision.
The downside can start anytime, we have to look closely at the pattern to catch the peak. It can start from 49000 to it can start from the True reversal point which is at 50028.
I am afraid that brokers will go greedy and will play their final move and they will take BTC to 36K within no time. It can be a very hard crash with a 15/20% crash in a day.
If the market formed a pattern below the rising channel then there is a chance buy trades are safe, if BTC failed to form a pattern below the rising channel then RIP to the buyer because you will see a glimpse of what brokers can do in this non-regulated market.
One more thing I must add is that after a dump if you hear bad news and blame a dump on bad news then you are wrong.
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Daily Bitcoin Report Hello Everyone
We have see Bitcoin move around $44k - 45k
We will have a fews The scenario will happen
If bitcoin countinue move and close price weekly higher $46k. We can will see BTC move $48k-50k.
Because MACD,RSI in pattern. When it break it will help btc have pump strong in short-tearm
And If weekly close below the $46k.
We have see short-term price drop $42k and more. Then Bitcoin will up again.
Though BTC is looking good after this breakout.
The altcoin dominance is showing signs of bullishness in the short-term chart.
Thank you
#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick BTC/USDT analysis.
Hello members, welcome to the BTC 1day update by CRYPTOSANDERS.
If you have gone through with our yesterday's BTC chart then you will remember, in that chart we mentioned that BTC is looking bullish in long term.
In the current scenario, btc bounced from the upper trend line or the green zone.
Till now btc moved up very well and btc .d also showing confirmation that we can see this uptrend for more upcoming days.
and.
RSI also shows a bullish divergence .
Sorry for my English it is not my native language.
This is not a piece of financial advice.
Thank you.
BTCUSDT: Bears are taking over againHello traders!
The market is forming a reversal pattern after the breakout of the trendline and that happens 85% of the time. We never buy the breakouts we sell the bullish breakout.
Still, there is a chance that the market can go bullish and the chances are 15% and the chances to go down is 85% percent.
It's always good to go towards a better probability side. I talk about facts and I don't throw fake knowledge. Also, be careful about the people who just buy bullish breakouts and sell bearish breakouts. They will never ever win. I am giving a warning because a warning is also very important because people lose lots of money without knowing what they have done wrong because they apply perfectly what they have learned. People lose a lot on this simple never working method. Don't know why they never try doing the opposite.
38000 is the number that I am expecting in BTC and we can also see a big wick that can touch 37000, it will be good to buy after 4hr candle is closed below 38000.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis.
Hello members, welcome to our BTC/USDT quick update
As we mentioned in our previous chart that BTC was trading inside the triangle pattern and if breaks the green MA then we will be able to see the triangle break out also.
Till now BTC moved in the right direction.
According to the current scenario, btc is on the way to retesting the upper trend line which will be the confirmation for an uptrend move.
In another frame, if BTC brakes the upper trend line and moves back into the triangle pattern then this chart will be invalidated.
Sorry for my English it is not my native language.
Thank you
Happy trading.
BTC Right, Left, Down, Up, A, B, Select, StartIf you feel that BTC has gone bonkers the last few weeks and you are having a hard time pocketing profit, you are not alone!
A lot of my family and friends who joined paid channels mentioned they too are experiencing massive losses. If you are following some of these folks, stay around for those who admit and apologize. Remember that you are still their customer, they may not always be accurate, no one is a wizard, but you paid for their services so expect them to treat you with humility and courtesy.
My plan for today's trade:
On with today's chart!
Suspecting another fakeout, I just recently closed my ongoing long at the peak of the BTC that just occurred.
I decided to simply put a neutral for our chart today as BTC have been very volatile. Those circled areas that I put in chart are literally wiping both bears and bulls (swing up and down or down and up back to back in a very short time frame). I do not advise you take an invested trade at times like this. A quick short trades will be more beneficial, take profit when you can, and remember to always set a stop loss/stop profit.
As of now BTC is looking bearish. We briefly broke our downtrend channel few hours ago, but was ridiculously rejected down back to square one in less than two hours. You will also notice we have way more attempts going up and rejected rather than going down and bouncing up. A friend of mine who works in the financial sector mentioned that at the moment that retails are buying heavily (he assumed the Russians), whereas whales are not.
Why am I not going short? Because the two red solid parallel lines as now represent "the twilight zone" (the zone where you just literally lingers and not making any progress) and we are currently back into it.
Ideally should you plan to take a position, wait for your indicators to be at max oversold or overbought, and somewhere along the yellow dotted lines. Do not be greedy, when you are in profit take it out or at least set a quick stop profit.
I dont usually post much, if you have been following me, I usually do longer invested trades. But given this interesting times, I will try to post more the next few days. If you find my insight or input helpful, please share a moment to share your thoughts and give my post a like. Thank you so much for your time!
Wishing you the best of health and fortune.
The arrow icons are guide lines. It will not hit exactly on the same spot.
Use them as guidelines to make decisions based on the ongoing channel lines closest to it. A rejection usually occurs when the line is hit. These are where u usually enter your trade, or set your stop loss, or gradually increasing your stop profit point.
1) breaking the channel line means continuation of the current trend.
2) rejection of the channel line means reversal of the current trend.
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.
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#BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello, members
Welcome to our BTC /USDT quick hourly update.
As we can see in this chart BTC is currently trading inside the symmetrical triangle pattern which is a bullish pattern.
In the current scenario, BTC strongly holds the yellow 21MA (moving average) which is near the $38770 mark.
Whenever BTC holds the yellow 21 MA BTC it becomes bullish.
If BTC breaks the down trend line then this chart will be invalidated.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello, members
Welcome to our BTC/USDT quick hourly update.
As we can see in this chart BTC is currently trading inside the symmetrical triangle pattern which is a bullish pattern.
In the current scenario, BTC strongly holds the red MA (moving average) which is near the $39200 mark.
Whenever BTC holds the red MA BTC it becomes bullish.
MACD (moving average convergence divergence) also shows bullish crossover.
So we can say that we can see some green candles in the next few hours.
If BTC breaks the red ma then this chart will be invalidated.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
#BTC/USDT WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT WEEKLY analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello folks,
Welcome to our Btc /Usdt weekly update, as we can see a rising wedge pattern create that from 15th March 2021 to 10th May 2021 btc was in an uptrend and from 10th May 2021 to 12th July 2021 was in downtrend.
After that Btc bounced on 19th July and moved up till 8th November 2021.
After that, we saw some correction in the market and a downtrend till 17th January 2022. After the 17th Jan market is still in a sideways move.
According to the current scenario, I think Btc will move in a sideways trend till 21st March 2022.
After that, we can see bullish movement which can continue till 11th July 2022 according to this chart and also can claim the new ATH.
As we all know that in 2024 btc halving is going to happen. so we can assume that the market will bounce on the 3rd week of March and we can see a good rally.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
#BTC really bullish today in 2hour update by cryptosandersWelcome to this quick BTC /USDT analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello folks,
Welcome to our Btc update
But looking at this chart I think btc may once again touch the $38.7k level ( support level ) and if there is a bounce off this level then we can open some long positions.
In other ways, if BTC breaks
$38.7k level then we can see a dump
$37.5k towards
BTC could pump around 21% if BTC bounces off the $37.5k level
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Thank you.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTCUSDT Is ready for new HighsHello traders!
The numbers on the screen are the number of breakouts of the trendline. It's important for us to count breakouts to take a decision.
A single trend does not break more than 4 trendlines. This bearish trend has already broken 4 times so I am expecting a move towards upside from here.
Every lower low or higher high is forming a new trendline but we are not counting HH,HL/LH,LL we are counting breakouts.
Most probably market will not break the 5th trendline before breaking the 4th trendline from another side. So it's good to buy from here.
In any case, if it breaks it now before breaking the 4th trendline from upside then it will go deeper because it will form a pattern below the 5th trendline and that pattern will break upside as a fakeout and will dump again, that dump will be the final move and it will be a good sign for a buyer to catch the buys again.
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BTCBUSD PERPETUAL LONG OPPORTUNITYI see two possibilities for a small upside in BTC. The Red line is SL, and the green line is TP.
#BTCUSDT looks prime for 130% Rally in the BTC/USDT 1day chart!Welcome to this quick BTC/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#BTC/USDT looks triangle pattern create and 130% Rally confirms and long term hold!
Entry:-$36.8K
$40.2K
Target:-100% TO 130%
Stoploss:-$32.9K
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of BTC in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...