Bitcoin: Another opportunity is comingHello traders!
Most of the traders missed the selling opportunity on the breakout of 23-24th dec but you can catch the next sell on the bullish breakouts of a trendline which is starting from the peak.
I am expecting a 'J' pattern after the breakout and then expecting a hard fall from 49842 true reversal point which will take it to 31665 true reversal point.
What is 'J' pattern?
It is a pattern that looks like a 'J' shape and if it is formed above broken resistance/trendline then the market will reverse.
Don't forget to hit the like button and follow to stay connected.
BTCBUSD
BTCUSD True reversal point 41000Hello traders!
The market is sliding slowly and the reason that market is dropping is that there was a true reversal point at 43700 and the market was supposed to hit 43700 perfectly and move back but it didn't happen and on 4th dec market broke true reversal point and moved to 42000 so now market will try its best to hit and run exactly from 41000 true reversal point.
These true reversal points are not the support and resistance but these are the true reversal points means it should be pinpoint and it is derived from some top class strategies. I am leaving some examples below to see the accuracy.
Example 1
Example 2
Example 3(check reverse from 39600 reversal point)
Father of all strategiesHello traders!
This is a detailed and most importantly a correct analysis of the previous pump and dump.
There is always a reason behind everything and there is also a reason behind this whole formation. There is a complete cycle that forms before this formation and this formation is a reaction of that cycle.
Let's talk about this formation
After a deep search, I have figured out that the market never leaves any Support/Resistance untested and if it happens then we will see this type of formation and when the formation is completed we will see the market will move back to that untested Support/Resistance.
(Tip 1: You can trade every breakout but on the opposite side of breakout because the market always show retracement after the breakout)
At the start of this Formation the time the first pattern we see is a 'J' pattern.
Now, what is the J pattern?
'J' pattern is itself a reversal pattern only if it is formed above the support area but in this case, 'J' pattern is not connected with the support area so it kept pushing up.
The Next pattern after J is a correction/consolidation pattern and in total, we will see 3 consolidation/correction patterns in this formation.
(Tip 2: After every breakout there is a reaction pattern and 5 out of six times market moves back after a breakout so follow tip#1)
After the 'J' pattern the second pattern is an Expanding triangle and if you are aware of this pattern then I must tell you that you were always taught wrong because you must be taught that trade towards the direction of the breakout and it's a wrong way. As I told you 5 out 6 times market moves back after breakout and you can see the charts yourself. So trying your luck on 5 out of 6 probability is better than trying your luck on 1 out of 6 probability.
(Tip # 3 is don't be fooled and follow tip # 1 and always use stop-loss to save yourself from unwanted loss and save your account for new trades)
The third and final pattern is a correction breakout without any reaction pattern and this is a pattern that pushed the Bitcoin back to the pavilion.
Happy new year guys and I hope you will make millions in the year 2022.
Don't forget to hit the like button and follow to stay connected.
BTCUSD (Long)BTC Is currently bouncing from the macro trendline and a long position will be a good entry from here. a stop loss just below the trendline will be fine. This is possibly a good R:R Zone. The stock markets reclaimed ATHs and i expect BTC To at least have a good relief pump. Trade safe and Happy trading.
BTC/USDTBtc is standing on daily strong support if he breaks this support high probibility that Btc will come to 40k to 39k and after seller stophunt complete and Btc will go up
Because we actually see the very huge Tp of sellers so if Btc will trigger it Btc will goup without any tension so wait please for a reversal on D1 support
Happy trading
BTC nearing decisive area. To bull or to bear?Previous Chart:
Congrats on the huge win if you have similar reading or followed my past chart to short from 52000
My plan for today's trade:
Ill make it simple as I am kinda in a hurry.
I might close my short soon, currently on stop profit at 48500, ideally to close it at 45000, then long from there.
BTC is making a descending broadening triangle. Along with the selling pressure, we might retest 45K or else breakup suddenly from this pattern.
I suggest to try hitting a long position at the edges of the triangle while stoch and rsi are in oversold. Very critical to put a stop loss in the 44700 - 45000!
If this area of support breaks, we WILL retest 43000 at best and at worst 40000
If you decide to short, your stop loss should be the top of the flat triangle (48000)
Good luck and thank you for checking my idea!
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.
Please support my idea with a like should you find my idea helpful, it will mean a lot to me. Thanks and kindest regards!
BTC/USDTFlag pattern is christmass gift for you ................ Target : 53K , SL : if closed below 49K in 4h .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTCUSDT, This route can be happen ...Hello everybody
According to analysis of Decemeber and after that carziest drop we shown on chart the zone that the price can react to them and exactly done until here, and before this rising price we expect the price drop more and do stop hunter then go up but it wasnt happen and now we break the short-term trendline resistance and we reach to the important resistance zone level and now we should be wait because the price is in sensitive area we have 2 important heavy resistance zone the we shown on chart and until the price is not come above that trendline the trend of the market is downward and the bearish are powerful than bullish in market.
According to the momentum of the movement we expect the price at this impact to trendline is not succesful to break and after some drop candle it break this tired market to trend market and the market its ready to go up.
The route that we shown on chart it can be happen exactly like before .
If you have any question or need any help send us messages in private
Previous analysis :
Good Luck
Abtin
BTC breaks through falling wedge as expected, what's next?BTC indicating higher chance to long vs going short (better risk to profit ratio to long)
Previous Chart:
Congrats for the win to all of you who are brave enough to hold on in your bullish conviction! I did only a 5x leverage as market was very choppy, but any profit is still a profit!
My plan for today's trade:
Yes yes, this will be one of them unpopular opinion of the day. Why are you shorting when we are all rejoicing!?
Well, someone has to be the sane one to put the possibility of correction since we are now way overbought. Chart is self explanatory I suppose, you guys can check back historically on the 52k-54k area.
At the moment breaking 53,000 will confirm BTC back to bullish, while breaking 48,000 will confirm BTC back to bearish.
I am flushed at the moment just cashing out at 51,111. Will I short now? No, right now I am going to sleep and to prepare some last minute gifts tomorrow for my loved ones. I will wait a bit before confirming to enter another long or go for a short.
Until next post, I wish you all a very happy holiday, and for those who are celebrating, Merry Christmas!
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.
Please support my idea with a like should you find my idea helpful, it will mean a lot to me. Thanks and kindest regards!
BTC/USDTi feel can predict future .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Bitcoin: It's time for a dipHello traders!
Bitcoin has completed all three formations and drops in the graph are already started and it will form multiple correction patterns before hitting the target.
Currently, Bitcoin is now in small correction and it will break it towards downside soon.
In any case If the Market tries to break the recent High then there is a True reversal point at 49873 which will swing the Market and then BTC will aim towards the target.
Don't forget to hit the like button and follow to stay connected.
BTC to 550k? emmm... Most likely not.Lets look at market structure, comparing 2016-17 on 3d and 2021 on 4d chart. This cycle is longer so 4d is more reliable.
First top was around april-may 2021 and after that market plunged into long accumulation, same as summer 2016.
I took a measure with my fib retracement and dragged it from summer bottom 2016 and 2021 until second peak marked in yellow circle.
In the yellow circle zone there was 2 peaks both time - one higher another, but at the same time RSI draw a lower low, pretty huge divergence, and on the second low there are double bottoms on RSI.
Market peak in 2017 was little bit higher than 3.272 fib level, on today's chart this level stands at around 550k.
Just to track idea, will be very surprised if this happens.
Bitcoin need retracement before 50K+Hello Traders!
Bitcoin is ready to give some retracement as it has broken the S/R level but it never tested back so it will come back after exhaustion.
According to my theory, the market never abandons any S/R level and the Market leaves its print on every S/R level. In this case, 46579 S/R level is still unused and the market will come back to leave its print above this level.
The market always forms multiple patterns before coming back to the level.
Don't forget to hit the like bottom and follow to stay connected.
BTC/USDTopen Long here with 5x lev ......... SL : if closed 4H below 46500 ..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTCUSDT, This movement can happenHello everybody
After 2-3 days we back with analysis of crypto market
Did you take long on Gold or short on EURUSD ??
According to the chart of BTC in previous analysis we shown the zone that the price is impact to them and can wait in there, and now exactly the price is in these days is involving with the minor support and is going in range zone.
According to the trend line zone you can see the price can make this pattern if the price is going up and can not to break the trendline resistance it can drop to touch trendline support and can reach to the stop hunter zone, and if it can break it it can go up to reach to resistance zone again
These 2 scenario is in our way and we should check the chart in 4h time and 1h time frame to check the break.
Previous analysis :
Good Luck
Abtin
Possible Potential uptrend. Is BTC finally stabilizing? BTC indicating higher chance to long vs going short (better risk to profit ratio to long)
My plan for today's trade:
Hello everyone, sorry for the long absence on postings.
Ever since BTC was listed in futures market, volatility has been crazy! You probably noticed many top trading view posters making multiple wrong predictions for the last few weeks, myself included! After noticing BTC and crypto in general seems to be hunting chartists (the new CME futures managers I assume have been busy) and how BTC seems to be moving opposite to what we all charted multiple times, I decided to take a break from Crypto and to spend more of my free time with my family.
The last few days however, BTC seems to be stabilizing. No we are still not out of the bear, but volatility is not as crazy and it seems, and the whales it seems are no longer as incline to purposely hunt chartists!
For the next few weeks, I am going to post in 4 hour format. The idea is to reduce the possibility of error within the short term periods just in case the volatility knocks back.
As of the time of publishing, hourly chart is almost overbought, so a correction is likely imminent. We have a strong support stabilizing in the form of a falling wedge, this is where we hope the push will happen. Chart is pretty much self explanatory, just ensure to put a stop loss near the orange support line (45k) as if this breaks, we will most likely see a huge pullback (and there is a huge possibility the whales will purposely crash this since everyone is now seeing a possible bullish uptrend). There is also a chance that we will suddenly spike up and pass through the falling wedge and not doing a sideway like I pictured.
Reduce your leverage and play tight stop loss, watch and see, but most importantly be patient!
If you have been losing quite a lot the past few weeks, dont worry you are not alone! You can trace back many top people in tradingview making the wrong predictions too, things have been off for many chartists (I suspected this was done purposely by the whales).
Good luck and lets monitor this new progress together, carefully!
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.
Please support my idea with a like should you find my idea helpful, it will mean a lot to me. Thanks and kindest regards!
BTC USDT ForecastBTC is struggling hard to get stable.
There are two major supports marked in purple.
RSI still moving down and showing selling pressure.
Money Flow is showing buyer interest on btc and moving up. buyer still interested in purchasing btc.
targets have been marked.
ROI is good.
Good Luck
CoinForecasts
Btcusd AnalysisHello traders!
BTC formed a reversal pattern above the Master trendline and again it is forming a reversal pattern below the trendline which means it is ready to break the previous high.
After breaking the previous high I am expecting the same reversal pattern above the trendline which will be a good sell opportunity.
Don't forget to hit the like button and follow to stay connected
(BTC) Bitcoin - HOW TO CATCH THE TOP/BOTTOM ? 🧨💥Hello everyone !
Today the Black Cat Trader is analyzing Bitcoin (BTC) based on a Monthly chart 📈
What we can see :
- Back in November 2013, Bitcoin toped at 1 163$ and then bottomed at 152$ (approx 87% correction)
- Back in December 2017 Bitcoin toped at 19 666$ and then bottomed at 3122$ ((approx 84% correction)
Since 2015, prices took support on the black uptrend line. We can also identify our white trend line which acts as a support or a resistance for prices. By now, we are still above this white line, which is a good thing.
What we can expect :
If Bitcoin manages to hold its white trend line, prices could top between 13.618 and 16.618 fib levels. Those levels match also with our black resistance line which acts as resistance for prices since 2014 ! By adding a 80% correction based on this « potential top », prices could then bottom on our multi years uptrend line.
How to catch the top/bottom ?
Everybody seems obsessed by small time frame… Just zoom out, and look at the RSI and the position of prices regarding our two black trend lines on a monthly basis.. That’s it.
If prices are located on our multi years resistance line and the RSI is in the dangerous area : SELL
If prices are located on our multi years support line and the RSI is in the BUY area : BUY
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)