Bitcoin Will Drop Down until 30k?!BINANCE:BTCUSDT - After waiting for a month, bitcoin was finally broke the area support and dropped around 42k, and made a head and shoulder pattern(it's not perfect hns actually). If the price breaks the first support (39.5k) then the hns pattern is valid and will drop down until around 36-37k or in case 30k for the major support. Let discuss together your idea in the comment section below!
BTCBUSD
BTCUSDT: Ready for a shockwave Hello traders!
I was under pressure from buyers and I kept listening that BTC will jump and they don't want me to say BTC will fall. But the final analysis is here, I never take decisions according to my perception but I take decisions according to my methods which are derived from the Natural behavior of the graph.
My three-step formation method is completed and it's clear that the market will not break the previous 45850 high and it will go back to 34500. BTC is also forming a reversal pattern above the S/R level and it will push the price downside. This will not be a sudden dump. It will keep forming correction patterns and will break its downside.
Normally the third step never forms very far from the second formation but this time we can see BTC was pumped and it is now exhausted.
I am expecting BTC to touch 34450 price and there is also an untested broken S/R level that should be tested before any mega pump. The drop is about 21-22% depreciation from the current price.
I will update the chart on Saturday I will also keep rechecking my analysis multiple times before the update.
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Expecting Minor retracement in BTCHello traders!
Looks like BTC has completed 3 step formation and now I am Expecting minor retracement.
Overall BTC is strongly bullish and this will be just a minor retracement. After this retracement, we will look for the next move.
The Support is at 42300 and I am expecting the price to hit that level.
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Bitcoin New ATH! $80k in a few months!BTC New ATH Idea 2022! $80k in a few months!
Will we hit $80k in a few months?
Which scenario will you choose 1 or 2?
Please, leave your opinion in the comments.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
BTCUSDT: Bears are jumping inHello traders,
This is a sell trade in btcusdt, The bears are in control and we are ready to ride with bears. I was waiting for this movement for many days. The Bearish formation is complete.
Stoploss is 45000 which is -2.2% from entry
Target is 32000 which is +27% from entry.
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BTC/USDTBuy zone 29K-32K only Spot . SL below 28500 , RSI over sold ..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
#btc go long It cross the resistance and take the support of previous resistance so we have to go long.
BTCBUSD PERPETUAL LONG OPPORTUNITYA long opportunity, considering a triple three correction. Yellow price is the point of entry, red price is Stop Loss, and the green price is Take Profit.
BTCBUSD PERPETUAL SHORT OPPORTUNITYI see an opportunity to short BTC at a price of around 42.5k. Target: 30k, SL: 44.7k
BTCUSDT: Dragon's Final MoveHello traders!
Bitcoin is ready for a huge drop. This drop will vanish 25% amount from the crypto world not only this, this scary move will also trap people by thinking that it will touch 25K or 20K but it will not move below 30900 because it will be the bottom point of this long lasted drop.
Soon we will also listen to too much bad news that will start after the drop but we don't wait for the news. We will always be the first to predict the move.
First retracement will start from 37200. Retracement means taking some breath before continuing its move.
We will take our profits at 32000 and we will look for Buys.
Let's talk about the dragon that is roaming in the sky. I already told you this dragon is not here to eat the small traders but it will eat the whales and here is the reason why I said this.
This drop will not be the final move in this move dragon will scare the shit out of whales the dragon's real Move will start when the market will reach 60K because after 60K we will see the market at 18K and that's will be a time where we see the death of the whales.
The sell limit is 42700
Stoploss is 44150(-3%)
Target is 32000(+25%)
Suggested leverage is 7x
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BTC ranging🏓I think that BITCOIN is currently ranging, so buying now is not the way imo. Expecting drop into lower fibs. Smash the lick button! Cheers!
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BTCUSDT: The wait is overHello traders!
This is a 3 step formation analysis and it works on all timeframes.
This Formation start when there is Support/resistance which remained untested. The accuracy of this method is extremely high because it's derived from the natural behavior of the graph.
The first breakout is a breakout where the market has not confirmed that the price will go back to the untested S/R or it will go more down but we are sure that price will fall a little more because I always taught you that don't go towards the direction of the breakout but do the opposite.
The second breakout confirms that the market will form 3 step formation. On the second breakout, we can go for sell as it's a bullish breakout and we have to do the opposite.
When the market is moving down we should use 1 & 2 trendlines from the top and on the third one we will use a trendline from the bottom.
The third Breakout is a Buying opportunity because after the breakout of supportive trendline we will do the opposite and buy it and we do not expect the market to go back and break the previous low.
But in rare scenarios, we can see more drop after the third breakout as it happened in Bitcoin. In this case, the dump/rise is always the big one.
So what happens next is there will be one more breakout that will break the previous Low and this breakout will not be a big one, it will be a small breakout and this will be the bottom of Extreme rise which everyone waiting.
My true reversal point is 30900 but start buying after the breakout of the previous low.
I have cracked this strategy with hard work so don't forget to support this idea with your like and follow to stay connected.
The next steps are already ready, Once we achieved the 55K goal I will show you the next moves.
#BTC/BUSD SHORTIt gives an breakout in downside so we go as per our price action and going to short it.
₿TC over 40K?₿itcoin broke up this triangle 📐 and I think there is chance for run to 40500 and even higher. Setting BUY LIMIT order to previous range so I can catch the pullback.
ENTRY : local high @ 37400
STOPLOSS (SL) : local low @ 36770
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 40500
REWARD RISK RATIO (RRR) : 5
INVALIDATION : when SL level hit
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BTC broke its current minor uptrend channel, abandon ship?Previous Chart:
Hello everyone, I have not post for a while as I am still in shorting mode since my last two charts, hope you are still too! Just confirming today that we are still very likely on the way down as BTC just broke its minor uptrend channel just shy of 6 hours ago from this post.
My plan for today's trade:
As you can see from my (currently a bit messy) chart, BTC just broke down from its minor uptrend channel few hours ago. There is currently no visible or clear support until at least 34000 - 34500. Indicator on the hourly is almost oversold, so very likely we will experience a minor bounce up, I am guessing up to the dotted orange line or the solid orange line before it continues further down. Keep in mind however breaking either one of them means we might see some recovery, and breaking the solid red line means we are back to bull, but as of this moment, I find it very unlikely.
RED SOLID LINE : current major horizontal resistance
ORANGE SOLID LINE : current major channel resistance
LIGHT GREEN LINE : current major channel support
GREEN SOLID LINE : current major horizontal support
breaking either one of them will confirm movement to either up or down as time progress!
If you are still in no position, I encourage to wait a bit, preferably entering as BTC oversold and back to orange dotted line before shorting. Or waiting for it to touch the green line then making a swing long, keep in mind however since we just broke down from uptrend channel, we are now more likely to push down
Its the beauty of crypto and leverage, whether its going up or down, we can always profit from it! Good charting and may you profit further!
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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