BTC/USDT SHORT OR LONGI think bitcoin has started to decline and we will see a drop of at least $ 16,000 in the coming weeks.
Which one do you think will happen?
This post is just a personal idea and not a buying or selling advice.
Btcfutures
BTC/USD (Getting Ready For Another Move?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-It seems 19.5k dollars is acting as a strong resistance zone
-We can multiple rejections around this region
-On the technical side, it is forming a symmetrical triangle pattern
-If this pattern breaks to the upside, it will turn out a continuation flag
-But if it breaks down the downside, expect the CME gap to be filled in the short term
-Either way, you must have a plan and exit if you are wrong
-Only correct risk management and discipline will save you in the long run
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BTC FuturesCurrently, BTC Futures are in a rising wedge, with a target of 18,550$ (if the trendline below is broken and the candle closes below it), and a minor 19,000$ support, where it might decide to retest the wedge trendline. However, as BTC followers know it might decide to break the wedge upside, but it is a smaller probability.
BTC/USDT (Expect Consolidation?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-It seems to be the 18k dollars is acting as strong support
-Retested twice and we saw rejection candles
-I have plotted a Fib box area where the price could consolidate
-Base on price action and location between the Fib
-The Bulls and Bears are fighting in between
-I am more on the Bullish side base on this short term
-I will increase my bias if BTC can hold above 19.3k dollars
-Because that will indicate that the Bulls are still keeping the game alive
-For now, Altcoins are getting some love because BTC is starting to consolidate
-If the volatility is shrinking, money flow will go back to the Altcoins
-I hope BTC to stay in a ranging market for a few days or weeks
-So I can start looking for my next potential Altcoin list
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Bitcoin - a look into the future))))Without any further explanation, just math, just a few patterns and charts coinciding with the S&P 500. I'll leave it here ...
BTC/USDTPERP BINANCE4H candlesticks.
BTC Perpetual Futures.
Price movement inside the parallel uptrend channel.
Support and Resistance levels shown as horizontal lines as well.
MACD is extremely bullish.
Volume is stable even though the minidump we saw last week. People are not afraid to HODL.
Once price breaks out the parallel uptrend channel new TA needed.
Good Luck
SHORT & LONG Scenario BTC Futures H4SHORT & LONG Scenario BTC Futures trade
LONG - Triangle breakout and Retest in liquidity zone and top of trend line . Entry around 18,450
SL- 18350
TP1 -19000, R:R 5x
TP2-20500 R:R 20x
TP3-22100 R:R 35x
SHORT- break down of triangle & ascending tend line , Entry on the retest of 18,400 zone ,
SL-18600
TP1-17,800 R:R 4x
TP2-17,000 R:R 8x
TP3- 16500 R:R 9.5x
BTC/USD (Next Target 20k Dollars?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-BTC still respecting the 50ma dynamic support area on the 4H time period
-This is Bullish and confirms a strong uptrend movement
-New Higher High is set again above 19k dollars
-If Bitcoin can sustain above previous resistance for the next 24-48 hours
-The next potential upside target is 20k dollars or the new All-Time High
-Things are getting really interesting
-We might experience an extreme FOMO if 20k broken upwards
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BTC/USD (4H TF 50ma Dynamic Support Bounce up?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-My previous idea on the 1H time period has failed for Bitcoin
-We zoom out to the 4H time frame to look for dynamic areas or key support
-We can see BTC respected the 50ma 4H dynamic support at least 4 times
-If history will repeat itself, Bitcoin might do the same action
-This idea will not work 100% all the time
-So please make sure you have a proper stop loss location
-If in case Bitcoin decided to break the 50ma zone
-Take note also of the middle Fib resistance 0.5
-This level must be broken upward if the Bulls wants to continue higher
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BTC/USD (Bullish Rejection @ 1H TF 50ma Dynamic Support)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-The Bulls defended the 50ma on the 1hr time frame
-We saw the price rejecting the dynamic support area
-This zone is also a confluence of previous resistance
-If we want the market to continue its strong uptrend
-It must go back above the 0.5 Fib level area
-And retest the recent top at 18.9k dollars
-A 2nd retest may give the Bulls a chance to break the 19k dollars resistance
-And hopefully hit the All-Time High record last 2017
-Please do not FOMO and always plan your trade before execution
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BTC/USD (Another Higher High)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-BTC did a great job making another Higher High and breakout its previous top
-Our new potential support is 18.3k dollars area or previous resistance zone
-If Bitcoin can't pass above 19k within 24-48 hours
-I'm expecting a potential consolidation in this immediate support range
-And we will wait for another Bullish price reaction if another leg up is possible
-Always be patient and wait for the proper entry provided there is buying strength
-The key here is "Sign of Strenght" in every pullback
-Because you don't want to buy at pullback if there is no sign of Bullish strength
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double tops 15960$. not gooda break out above this zone would be excellent. now two thigs to watch out here is a W and formation of M pattern in btc. if m plays out well 17k is what i am lokking forward for, if w then 13800-14300$
BTC/USDT UPCOMING FALL PROJECTION 3 HOUR CHARTI have been working on the projections for the upcoming fall on bitcoin. I have provided the matching fractal to compare to the existing fractal we are within at the moment. The measurements are all there on the chart for the total length of the pattern and the distance to cover that is remaining. If you agree throw me a like and share your thoughts below! Follow me for updates and more material. BINANCE:BTCUSDT
Great fallHIGH RISK OPERATION
Using a 30m graph I can predict a 400 USD drop in the bitcoin price.
I personally already activated my "short" order.
This would be the 3rd year that November is bearish, it is also not to be alarmed if this happens I will upload a publication to indicate a good time to buy.
BTC- First major test of downward trendlineBitmex's recent lawsuit and bank secrecy act's potential implication to DeFi space didn't seem to shake crypto investors at all.
USDT issuance grew more than 10% in September and BTC is till hanging onto the edge of logarithmic channel.
The recent upward movement can be validated if BTC can close the weekly candle within the demand zone.
BTC/USD (Rejected 200MA? > Retest 10k strong support?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin rejected at 200M dynamic resistance
-Plus the old support turned new resistance today
-If we can see follow-through by the Bears
-BTC is likely to retest previous support at 10.1k range
-Currently on the short term, Bears have access in the market
-Let's wait and see how BTC will react at low 10k strong support
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BTC.D is ready to go higher Resistance test and re-considerationBTC.D is ready to go higher Resistance test and re-consideration
BTC/USD (Bull Trap? Sideways Trading?)BTC/USD
-Bitcoin just had a Bull trap after breaking the recent high at 12.1k
-The price slowly dumping down to 11.6k located the trendline support
-We can see a Bullish reaction candle on the 1st retest of trendline
-BTC is still on an uptrend but a sign of weakness is showing
-Though the trendline of support still valid
-We still need to be cautious as the price action is making fakeouts
-Two possible scenarios for Bitcoin today
-First is to consolidate at current market price and try to bounce back up to 12.4k
-Second, the price will break the upward trendline support
-Price discover in the area of support somewhere in 11.4k range
-If the 11.4k area holds, potential bounce reaction up to 12k is possible
-I recommend to always put stop-loss in all your trades
-Whether BTC goes up or down, Most Altcoins will still suffer
BTC/USD (Bearish Double Top?)BTC/USD
-Bitcoin is about to confirm a Bearish Double Top reversal
-The price is starting to break the upward trendline support
-If the next candle will close below the key trendline
-It is likely to confirm this reversal pattern
-The downside target below is 10900-10700 range
-We can see multiple bearish signs on BTC
-RSI divergence, Strong sell volume & Trendline break
-Please use proper stop loss during this time
-Do not go all-in
Bitcoin CME Futures (Warning Bearish RSI?)Bitcoin CME Futures
-Today, BTC made another Higher High looking at the 4h time frame
-But we need to be more cautious now because of the Bearish RSI divergence
-The price is touching the upward trendline resistance
-If Bitcoin unable to break above the trendline resistance
-It is likely to come down and try to fill the CME gap at 11735-11690 range
-Also, the technical pattern is forming a Bearish rising channel
-Which has the higher chances of breaking to the downside
-Please take note also of the large gap at 9925-9675 range
-The good side of BTC moving in a sideways action for the past few days
-The Altcoins are gaining strength to move higher or recover from its losses
-For now, Altcoins looks to be safe for the next 7 days
-Always use proper stop-loss and correct trade size management
REPEAT SCENARIOAs I show in the graph from my personal point of view this fall scenario is going to be repeated, the indicator I use already indicates "Bear".
Currently I have a long operation of 4 hours and at the end I'll do short with a 3x leverage.
I really hope I'm wrong.
If not, this event must happen on August 10th. Or the end of August.
BTC/USD (Short Term Downtrend?)BTC/USD
-After the ascending triangle pattern broke out
-The price hits the 12k key resistance including the CME gap before 12k
-Bitcoin drops and now trading below the upward trendline of support
-This is not good in the short term
-We can also see a strong sell volume during the blow-off top
-The key area I'm watching right now is the 10.3k-10.1k range
-Only if BTC will continue dropping and confirm this mini bear flag
-Trade wisely, don't over leverage as the volatility is back
