Btcbuy
Very Strong Buy Indicator for BitcoinBitcoin seems very bullish today especially if the 1 day candle will close with a big green candle and small wicks.
1. We can see that the bitcoin price breaks out from its falling wedge in 4 hour timeframe. (Some will see the pattern as a descending triangle.)
2. The price crosses upward in the 200 SMA in the 1 hour timeframe. As long as it stays there, we are bullish.
3. DMI looks very bullish but we can see small pullbacks later on this day. As long as the ADX has positive slope its fine and the ADX has not been on above 50 level yet.
I'm looking forward for reversal of the bitcoin price but we still need more confirmation. I'm looking to hold my trade for a long time.
Bitcoin Buy on 1 Hour TimeframeHere are the list of why I'm buying based on 1 hour timeframe:
1. +Di is above the ADX and -DI.
2. As of now, we can see that the -DI will go below ADX which is very bullish indicator.
3. The slope of ADX also counts. The slope of ADX is preparing to go higher.
4. The 25 SMA and 100 SMA will cross.
It is very short term and the trend can quickly reversed because it's only 1 hour chart. the trade will last for 1-3 days.
My take profit indicator is when my +DI go below the ADX just like on my previous trade. (see link to related ideas)
Now is the best time to buy BitcoinIn terms of Elliott wave counting rules and regulations
Wave 1 is over and now we are in the fall of wave 2
If we predict correctly and maintain the bottom level of wave 1, we can enter wave 3 and move upwards with strength.
The validity of this analysis is until the level of 17,660 is not broken down
BTCUSD-1H Analysis Hello traders,
Hope you are having a spectacular weekend.
Above is our analysis on BTCUSD. We are overall still bearish as we continue to believe that there is one more massive impulsive wave to the downside given that certain trading conditions and parameters are met.
From 24.5k-26k we would be looking to short, that would be a risky entry since there would be no prior confirmation other than structural points .
Hope our analysis helps you towards profitability
God bless,
ETGL TEAM <3
BTC Buy a break setup.Bitcoin - Intraday - We look to Buy a break of 30752 (stop at 29997)
We are trading at oversold extremes.
A break of the recent high at 30725 should result in a further move higher.
Posted a Double Bottom formation.
30725 has been pivotal.
Our profit targets will be 32598 and 33198
Resistance: 31000 / 31400 / 32000
Support: 30000 / 29000 / 28600
Bitcoin 10days Cheat sheethey everyone hope you all are doing good . i am using oscillator this time to find bottom and and i believe we have already made bottom and we could wait until july-august for another final bottom before making new highs . you can see the bottom was found around -14, -18 , -10 , -21 & -15 but final bottom i expect to be near -25 after it we will see new highs but until then i have made a cheat sheet of btc price action which can help you all for intraday levels as we going to consolidate until july. Good luck
$BTC Bullish after potential breakout and re-testBTC Successfully retested its previously broken trendline on the 12H timeframe. I expect BTC to try for 52K to 55K within a matter of weeks. Powerful reversal bar touching the now broken trendline is bullish IMO.
Both RSI and CM William Vix indicate potential reversals in the market near support zones serving as a signal for potential predicting a market continuation or reversal
*Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.