Waiting for a big boost for the market, over 90K BTC💎 BTC PLAN UPDATE (April 16)
First of all, congratulations to the investors. Everything went according to our trading plan and we had very good comments. Specifically, yesterday the price fell from the 86k area straight to 83k. We had more than 3000 prices together. Today's BTC trading plan did not change much.
NOTABLE NEWS ABOUT BTC:
According to Bloomberg, Bitcoin (BTC) mining hardware manufacturer Bitdeer is preparing to launch its own mining operation in the United States (US). The company intends to speed up the shipment of equipment following President Donald Trump's announcement of a 90-day tariff suspension. In addition, the pressure from tariffs has led to a decrease in Bitcoin mining hashrate among miners in the United States over the past month.
TECHNICAL VIEW
Bitcoin has faced multiple rejections around the 200-day exponential moving average (EMA) at $85,000 since Sunday. On Tuesday, BTC attempted to break above this level but was rejected and fell 1.12%. At the time of writing on Wednesday, the price was hovering around $83,500.
If BTC closes above $85,000 on a daily basis, it could extend its rally to the psychologically important $90,000 level. A successful close above this level could extend the rally to test the March 2 high of $95,000.
Please continue to pay attention to the 84.2k resistance zone, this is an important resistance zone before we DCA to higher and more important areas
==> Comments are for reference only. Wish investors successful trading
Btcbuy
Bitcoin following 2013-2017 Fractal UPDATE - have we left it ?This chart remains unchanged from the last time I posted it except for the addition of that yellow Dashed Arrow
As we can see, PA fell below the Fractal in Late February and ever since, we have ranged further away from it.
Does this mean we have left the fractal we have been on since November 2021 ?
Not really.
PA fell below it in 2022 due to pressures from Interest rates making companies collapse and sentiment being negative.
We have fallen below it this time purely because PA was so overbought, it needed to recover.
This can be very clearly seen on the Weekly MACD, where in 2024, we ranged for months because of the same reason.
See how on the weekly MACD, how once we reached near Neutral, we bounced back up to a New ATH and, ever since, BTC PA has ranged while waiting for the MACD to cool off..
And now we are there. MACD is in the bounce zone and has shown some strength in the last few days.
So, The Fractal
For PA to get back above that Fractal, we need PA to make a very strong push higher. and as you can see from the Bold Arrow, this is achievable by end of May if PA rises Strong and continually
form here.
I am not to sure this will happen.
We have so many Macro events destabilising the markets...
I am more inclined to think PA will hit that circle , and we will likely follow the Dashed Arrow to a cycle ATH of near 300K, by the end of the year at the latest.
This is the Path of safety.
Things can always change for the better or for the worse and so we have to be ready for all occasions.
But BULLISH is the word - BUT BITCOIN ON SPOT, HOLD IT AND RELAX
BITCOIN weekly and 50 SMA - has VERY good newsAs you can easily See, despite all the unsettled News and events in recent days, the current Week candle has returned to GREEN having hit that 50 SMA.
To remind you, we began the week with a RED candle BELOW that 50 SMA.
This is Very important for sentiment. We bounced off that 50 back in 2024 and went to ATH.
To remind you, we have hit the 50 at the same time as the weekly MACD has entered a Bounce Zone, very near Neutral.
The MACD chart above shows you that the Histogram bar has also returned to White, showing a possible turn of favour from Bearish to Bullish.
BITCOIN IS SO READY TO GO
We just need the investors that are pouring money into the Snail called GOLD, to realise the Future is BITCOIN
We wait
Analysis of Bitcoin’s Price MovementsI. Technical Analysis
(1) Support and Resistance Levels
BTC has formed a strong support level at $80,000. Judging from past market performances, this price level has successfully withstood selling pressure multiple times, demonstrating the market's recognition of its value at this price. When the price dropped to $82,000, a certain degree of rebound occurred, indicating the presence of buying support below. This also indirectly confirms the effectiveness of the $80,000 support level. As a resistance level, $87,000 restricts the upward movement of BTC. The failure of this attempt to break through $89,000 indicates that selling pressure is relatively strong above this price level.
(2) Moving Average System
Although the short - term moving averages of BTC have turned downward to some extent due to price declines, the long - term moving averages still maintain an upward trend. This indicates that, in the long run, the upward trend of BTC has not been completely disrupted. Short - term price fluctuations may just be normal market adjustments. When the short - term moving averages gradually recover and cross above the long - term moving averages again, a golden cross is expected to form, providing technical support for the upward movement of BTC.
(3) Technical Indicators
The Relative Strength Index (RSI) shows that BTC is currently in the oversold zone, which means there may be excessive selling in the market. Once market sentiment recovers, the price of BTC is expected to rebound. In addition, although the MACD indicator shows a bearish signal, the bearish momentum is gradually weakening, suggesting that the market may be on the verge of a reversal.
💎💎💎 BTC 💎💎💎
🎁 Buy@80500 - 81000
🎁 TP 83000 84000 85000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed,Follow the link below to get my daily strategy updates
Rinse & Repeat !!!Hello everyone, a happy new trading week to you all !.
This setup is particularly a short-term buy for those looking to take advantage of BTC's range that has been refusing to take a side.
A good RRR trade that's sure to make you a bit of money. Use proper risk and money management (risk what you're willing to not get bothered by) and most especially, do your own analysis for extra confluence !.
BTC 50% 50%BTC was trading between the price of 91,000 and 100,000 for about 2 months. Now we have surpassed 100,000, and the price has been holding there for about 10 days. I think we will either see an interesting pump or a movement downward.
If we crash, I expect that altcoins will bleed extremely since dominance is still rising, and we know what it looks like for altcoins when BTC goes down
BTCUSDT Long As stated in my previous analysis, I do anticipate that the momentum will be bullish-biased. If the momentum does not retest the support zone at $56000, then the momentum might build up to the resistance zone at $69000
Let us now look into the 1-hour time frame and see where our entry point can be.
BTC is going to 82k easy then we will need to question...Pump it today so we can have an easy green week.
Seems like newbs will be exiting the market at the 63k to 65k levels, and then they will hop back in likely 66, 300 or so (always late)>
Heavy Bet but once your in, its an easy green for about 2 weeks while most have to restrategize.
Let me know your thoughts.
I got eyes on Storj.... that baby is overdue.
Follow for more contrarian wins. I will update as I change position
-jasdacylon91
BTC - Bitcoin Falling to $32,000! Or Will It Fall Lower?Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long?
How do we trade this? 🤔
My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This analysis called for a short to just above the trading range support at $38,350:
That short has come and gone, there is not enough area left to short without placing too much initial risk on the trade. It is still reasonable to short on lower timeframes like the 5m and 15m chart, but not the 4HR and Daily as we're doing here. We should be looking for long entries in the Trading Range zone between $31,800 and $37,500, right at the Daily 200EMA support.
If we find a strong bull signal and confirmation candles following that support area, we should enter at least a 1:2 Risk/Reward Ratio long with a position size near our maximum, as justified by these data points and the macro bull trend. Stop loss should be placed below the Trading Range at $34,300. It's reasonable to take half profits at 1:1 Risk/Reward around $38,900, move the stop loss to your entry price to lock in profits, and then swing the rest of the position to at least $41,200.
💡 Trade Idea 💡
Long Entry: $36,600
🟥 Stop Loss: $34,300
✅ Take Profit #1: $38,900
✅ Take Profit #2: $41,200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Measured Move completed followed by strong sell signal and confirmation bars
2. Two legs into a pullback with a gap to fill to the Daily 200EMA
3. Look for Support to long in the Trading Range near the Daily 200EMA
4. RSI at 38.00 and below the Moving Average, supports the continued to fall to the Trading Range
5. Once a strong signal and confirmation bull bars close above the Daily 200EMA, it's reasonable to long at 1:2 Risk/Reward
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Bitcoin Lifetime Analysis → Reverse to $20,000 Before New Highs?Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in!
How do we trade this? 🤔
Recent Data
Since the trend reversal in January 2023 we've had three pushes to the upside, which is a textbook leg count before the trend converts into a trading range. The RSI has also been over 70.00 since October 2023 and the Daily candles leading up to December 4th 2023 could be the exhaustion bars at the end of the bull trend. This is enough evidence to warrant a pull back, likely to the top of the trading range around $32,000.
Historical Data
When are we going to see new all-time highs? Refer to the Monthly chart above. We can see that prior to hitting 3 of the 4 new all-time high events, Bitcoin will make contact with Lifetime Support. The one exception was the 2013 all-time high. Another data point is the Bitcoin halving has occurred prior to *every* new all-time high.
There is one more clue in the Weekly chart to observe! Look at the 2019 high, looks very similar to where we are now: Double-bottom reversal before touching Lifetime Support on Feb 2019, three pushes to the upside hitting the 2019 high, RSI over 70.00, price failed to break the 2019 high then capitulated to Lifetime Support, Bitcoin Halving happened shortly after, THEN went to new all-time highs.
I believe this is the situation we're in right now. If we don't make contact with Lifetime Support, I believe we need to at least come back down into the trading range before hitting new all-time highs. We also have the Bitcoin halving happening in the April 2024 area, all seems conveniently timed based on what we've discussed here!
Trade Options
There are many ways to trade this:
1. Fading your position down to lifetime support: Longing support areas as the price falls, starting with smaller positions and increasing your entry at every level.
2. Waiting for a bounce at lifetime support or in the trading range: Playing the reversal, which includes not entering until you see a reversal signal then you enter with a larger position.
3. Scalp your positions with higher probability of profit, but less profit and more risk in your Risk/Reward Ratio.
To strike a balance between Risk, Reward, and Probability, I'll stick with a standard Reversal Entry, which means we wait for a reversal confirmation. Based on this analysis, we should look to enter after a Lifetime Support or Trading Range bounce around $25,000. Enter in this price area, place a protective stop below the last bear run low at $15,000. Take profit areas are based on previous resistance and the projected lifetime resistance range of $120,000 and $130,000. The first take profit is at the price we just hit around $45,000, the next take profit should be just before the current all-time high around $65,000, the final take profit should be below the projected new all-time high somewhere in the $120,000 and $130,000 area, around $105,000. You could add more take profit areas between $65,000 and $105,000 based on lower timeframe analysis, but we don't have that data yet.
More updates will be provided as the months go by. Let me know your thoughts!
💡 Trade Idea 💡
Long Entry: $30,000
🟥 Stop Loss: $15,000
✅ Take Profit #1: $45,000
✅ Take Profit #2: $65,000
✅ Take Profit #2: $105,000
⚖️ Risk/Reward Ratio: 1:5
🔑 Key Takeaways 🔑
1. Bullish since January 2023. This is not *THE* bull run.
2. Bull Breakout of $25,000 to $32,000 Trading Range, but RSI overbought.
3. Every New All-Time high was Preceded by Touching Lifetime Support.
4. Bitcoin has not Touched Lifetime Support. Pullback to $20,000 Area.
5. RSI is above 70.00, Supports Pullback.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!