Btclong
can bitcoin reach 400k?hello traders,
I haven't seen anyone talk about this subject technically, today I will reveal a maneuver that I have been observing in detail and encouraging me to publish.
* This is not a recommendation to buy or sell, but a vision that I have been observing since 2020.
I see the possibility of the market playing a C leg (of the abc pattern) inside wave 3, closing the target between 300k to 400k, but it is necessary that the top of the 30k confirm the support, say that ellon musk is looking to buy right? : D
NOTE: at the same time, I see the possibility of bitcoin going up to 1.8k in this case I do a complete analysis if you help me reach 500 subscribers on t3L3gram :)
I know the graph is polluted, but I put some images below for you to compare;)
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BTC Pullback Areas to Go LongHere are the Bitcoin Momentum Long Downside Entry Areas I'm watching.
On 05 JAN 2023 Bitcoin turned MOMENTUM Long. On 11 JAN 2023 the Day chart went from BIAS short to BIAS Long.
This area and slightly above on the 4D chart would be the swing trade profit areas and the highest probable areas for entering a FADE Short position.
The Entry Reaction Zones
Note: Given the range from this week's open you really don't want to see a week open test. If so it better reject quickly. Watching the 30m chart if this happens will be key.
Also, the RDA is between the fast and slow momentum indicators. That might just be the best entry if there is a pullback momentum check.
The Daily chart provides these levels:
Fast M Check - 18,630 area
RDA - 18,160 area
Slow M Check - 17,640 area
How I Trade This With My System (as seen on chart)
On top of those areas, I would define reaction areas based on levels using the RD Level Rules.
With the Daily reaction areas and levels defined, I then decide on my primary timeframe.
I like the 60m combined with looking at the 30m for structure. For instance, as I write this the 60m RDA is sitting right at 19K. The slow momentum is at 19,4.
More aggressive reaction areas to go long are at these areas I just mentioned.
In these areas, there will be a reaction; how big and if momentum and bias will remain long on the 60m chart is unknown. Looking at 5m and tick charts will reveal when and if price gets there.
Also, you don't want to see the 60m VC range that lasted 22h between 18,770 to 19,080 to be closed below more than 2-3 60m candles. For a continuation of momentum long if this area is tested you want to see that buyers are stepping up on the test.
Risk and Stop Losses
Pretty obvious here. The "protection" stop loss is 16,730, well below the weekly open. This allows for weekly open test overshoot a bit.
For a more managed stop loss placement, I'd use the 60m chart. I'd check in 2-3 times a day. When the momentum on the 60m chart shifts from momentum long to momentum short you now have your upside level. From there, it's really looking at the volatility of those moves. Also, combining with the 30m chart will provide correlating zones.
The bottom line is if you are looking to go long on a pullback other than a quick downward move that you can watch on the 5m chart to find buy support, you're going to have to watch how the 60m momentum plays out. If, in the pullback, it hits upside reaction areas and holds SHORT momentum and bias then you don't argue with the chart.
Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 21651 (stop at 21097)
Trading volume is increasing.
A break of resistance at 21630 should lead to a more aggressive move higher towards 22000.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 22877 and 23177
Resistance: 21630 / 22000 / 22500
Support: 21000 / 20600 / 20250
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Bitcoin BULL FLAGG & anomaly ?This is self explanatory, super simple R:R4 ratio setup. based on BULL FLAG chart pattern with Ascending correction.
This is not supported by the indicators as they are indicating exact opposite. But I think this might be anomaly for the Bitcoin market. If you would like to know more. See my next post.
The time is NOW
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BTC/USDT 1Hr LINE CHART UPDATE !!Hello and welcome to this BTC/USDT LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-welcome to btc line chat looking at btc line chart it looks like btc is forming a flag pattern inside a parallel channel and the same pattern is forming in btc rsi btc is moving between two trend lines now hopefully BTC may bounce from here thanks to a break out above its own separate trade line or parallel channel
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move.
Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
We’ve bottomedI copied the chart from the 2012 halving to the 2016 halving which is what you see above the current chart. I also copied the area between the 2016 halving and the 2020 halving which is what you see under the current chart. I then placed them exactly at the start of the 2020 halving and stretched them to the next approximate date of the next halving. Done.
Yes, it can be this simple. No fancy trend lines or over-analyzing the chart. As the old saying goes, “History doesn’t repeat, but it does rhyme.” I’m sure everyone is sick of hearing it, but it’s true. See you at the top.
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level.
After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session.
The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400.
Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory.
The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark.
It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC flashed Historical and powerful signal !! Short macro update
Dear community, I'm looking at 2w timeframe chart of BTC. Good new for bulls )) BTC flashed Historical and powerful signal)) 😉😉
2W MACD bullish cross bellow 0 line has never given false signals and happened 3 times in its whole history)) After that multi-months rally started.
BTW in every bear market BTC started its bull run when 2w MACD bullish cross happened and at the same time BTC succeeded breaking multi-months diagonal and horizontal resistance drown on the chart making completing double bottom pattern with multi bull divs.
Don't forget to like, comment and follow me. I appreciate any single follow.
🚀SYMMETRY IN BITCOIN ? 🚀BINANCE:BTCUSDT
Will we have a symmetrical axis in BTC? To answer this question we have to first explain what the concept of symmetry is for those who don't know it yet.
Symmetry Axis or Symmetric Axis
In geometry, the axis of symmetry is a line that divides a figure into two symmetrical parts, that is, as if they were the object and its image reflected in a mirror. and start a mirrored movement to the other side, I'll leave examples here:
If you only care about what happened in DXY
This is a very widespread concept, symmetry can last until it no longer has a reference on the opposite side or until it is broken. (Remembering the movement is mirrored)
So, considering that BTC/USDT made the first change in an important characteristic of its downtrend, I see it as interesting to look at the potential symmetry of the movement from now on, remembering that for this reading to be valid, future price movements must respect the mirrored context of the past movement.
See that this context of symmetry is even stronger if the asset respects the base of the last consolidation keeping its prices above U$17600
So you think BTC might be looking for a long-term trend reversal? Leave your opinion about BTC here in the comments!
🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
BTC short term scenario- 18.5K or 22.5KHi everyone, I'm looking at daily timeframe. To tell the truth I would like to see this scenario to play out. When BTC pullbacks to 20.1-20.3K zone I will try long position with tight stop loss.
When BTC rejected at 21.3-21.5K zone, 90% opened short positions, Will be ideal if BTC pumps to 22.3-22.5K zone and liquidates enormous amount short positions before retrace to 18.5-19K zone.
Let's follow and see how BTC behaves))