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Btcprediction

Bitcoin 4HR Triple-Top! About to Reverse to $34,500?Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500. How do we trade this? We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly Bull Channel Resistance, that long bias has to be put on hold. RSI is around 63.00, and we may form a triple top. If that happens and we get a strong reversal signal bar and confirmation, a short to the $34,500 area is reasonable with a stop loss just above $38,000. Longing at this price ($37,200) would necessarily include a stop loss just below channel support at around $36,000. A proper take profit would be at the Weekly Bull Channel resistance of $38,000, leaving us with a 2:1 Risk/Reward ratio. This could be an ideal scalp if you reduce your max position size by half, but the probability of profit longing is not high enough given the close resistance. Key Points 1. Bitcoin is still in a Bull Channel. 2. Price is Near Weekly Bull Channel Resistance. 3. Potential Triple Top Forming. 4. RSI at 63.00, There's More Downside than Upside. 5. Wait for a Sell Signal to Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
2
#BTCUSD #BTCUSDT #forecastBTC three routesWe have three ways. 1. The fastest. This is the scenario where BTC's rise above 32000 starts before the halving. Everyone knows when the halving occurs, everyone knows what a halving is, everyone knows what happens after the halving. Hence, this forecast is related to the market's property of working out the probable future before it happens. 2. Optimal. At the moment, I am most inclined to this scenario of BTC behavior. Breakdown of 25000, consolidation under this level, an attempt to go lower to 24000-22000, then a reverse breakdown of 25000 upwards, then an uptrend. 3. Crisis. This scenario is associated with the appearance of various "black swans". Which ones, it is difficult to say, I can only list some of them: - more serious military world conflict - crisis in the energy sector, rising energy prices - partial or full recession in the US, CHINA or the European crisis - full or partial scam of Binance Predicting "black swans" is a thankless task. The fall in the price of BTC before the growth after halving can be up to 12000.
BITSTAMP:BTCUSD
by Trade_Strategy