BTC/USDTBuy the dip BTC . SL : 46000 , OVER SOLD ON 15M RSI ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTCBUSD
Here's what we can expect next for BitcoinHey folks,
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Summary of latest BTC price action:
Hourly downwards pressure remains in control. Current price is reacting to 0.786 FIB retracement level, which will likely form lower high.
If that happens price is likely going to retest 46700 level, with high probability of successful breakout. *Key here is to lookout for false breakout scenario which might signifies Seller Exhaustion.
As Daily swing pattern remains positive, a high probability buy opportunity is likely to present itself at 45722 level. *To be careful of sharp drop due to retail FUD. Only looking to enter after price stabilized
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
BTCUSDT True Reversal points Hello Traders!
Previously we saw pinpoint accuracy of my True Reversal point Strategy and market rise from 46340. Now the market is turning back without hitting TRpoint and I am thinking that it dropped to hit minor support because there was no reason for BTC to drop at this point and it cannot miss the true reversal point so it means it will be bullish again to hit 49640.
If bulls failed to reverse from this minor support then I am expecting a rise exactly from 47940.
49640 is the key Level for now as the market can drop hard or will make new highs after this key level.
If we saw the accurate hit and drop from 49640 then it's a clear sell and if the market breaks 49640 then it will come back to retest the key level and it will be the entry for Buyers.
Don't forget to hit the like button and follow to stay connected.
BTC/USDTsome correction coming . dont open any big leverage .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................v
BItcoin BTCUSDT - HIUGE Ascending channel! + Ready to pump!- On the chart we can spot a massive ascending channel, nobody is talking about!
- Currently the price is sitting on a resistance of the parallel channel.
- Will the channel holds as a support? I think it should.
- 0.382 act as a great support together with the channel.
- RSI is prepared for a pump.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
BTC/USDTBuy the dip BTC here .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Bitcoin BTCUSD - Rising wedge (fake) + 0.618 FIB resistance- If we take a look at the chart, we can spot an rising wedge, which can be a fake bear trap.
- Looks like the trendline since April 2021 is breaking out!
- Also the price printed an inverse head and shoulders pattern.
- The price is fighting with the 200 daily moving average.
- We have a great multiple support around 41 000 to 45 000 USD.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
BTC : Rising WedgeAfter a month long pump, An rising wedge is observed and breakout targets are given in the chart. An upward breakout will resume the Bull run and a lower breakdown will trigger me to sell all my alts... Remember an Rising wedge is a Bullish reversal pattern and it has a 80% Chance of breaking down...
BTC/USDT short . SL : 48500 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Detecting Bullish and bearish Divergences in shorter time frame bitcoin chart time frame: 1 Hour
Bullish divergence was earlier proven to be true, if bitcoin follows the same idea, we should see a bearish divergence/correction soon. What you think?
Although trading on this idea is risky, just for speculation
Cheers :)) Let's see if idea is proven true or not!?
Bitcoin moving to the moon or something..Extremely Strong momentum, although we can see a minor correction in the path.
One more thing to consider is the upcoming infra bill of US. It can impact crypto market, but I personally feel it will just be temporary. Loss for some, opportunity for others.
Now let's see if bitcoin holds the trendline. $42,500 is a great support. A good buying zone!
Cheers! Have a nice weekend :)
BTC/USDTCan open short here , SL : 41300 . its resistant ...........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................