BTCUSDT Price PredictionAs we can see on the 4h chart a down spike that overshot the upper bollinger band has been followed by a deep correction which failed to reach the upper bollinger band.
A second sell off is expected to test the low of the spike and/or the lower bollinger band.
A conservative and safe target could be the level of structure along the way which has been shown by the yellow rectangle.
Btcsell
BTC Price Action and Behaviour Analysis (Multi timeframes)First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel.
One thing to notice here is that Price did a fake-out on 10 March by making a LL and then continuing in the previous direction. It was to liquidate the retailers.
Now let's talk about the retracement levels of the BTC. The first bull rally was till 24k and then we saw a retracement to 0.68 fib level. Then we observed the second bull rally up to 25. The time period from one HH to the next HH was 22 days.
After that, we saw the LH which goes to 1.41 fib level. Then the next HH took 32 days to reach the 32k level.
Now the BTC is in a small distribution phase before jumping into the next HH.
1H Analysis and Bisa
Price is testing the parallel ascending channel's support and RSI is around 38. Now the most likely scenario is that it will test 28665 in a day or two. So one can go long from here.
One the bigger picture, the price can go up to 30k than 31k and 32k respectively.
Will overbought Bitcoin breakdown?Bitcoin - 24h expiry - We look to Sell a break of 27098 (stop at 27981)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Trading within a Bullish Channel formation.
A break of the recent low at 27206 should result in a further move lower.
A higher correction is expected.
Our profit targets will be 24925 and 24525
Resistance: 28200 / 28500 / 28900
Support: 27600 / 27200 / 26800
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BTCUSDT Are You rdy for SELLHello to all my dear friends, I have done a bitcoin analysis for you.
In this analysis, we want to take the sell of bitcoin, and our entry point will be $16,712, as well as the desired targets, $16,472, $16,097, and $15,591, the loss limit that we have determined. It is 16,788 dollars.
Also, we will enter into this transaction with 50% of the original capital.
Good luck, dear Manouchehr Azar.
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
BTC 18K Broke As Expected...! Next Stop 12K ???As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as that is where the bullish leg up started.
I will be looking for BUY signals at this area we could even get a flash drop too this area as there will be demand at 12k and below
As in most things in life and in the universe the higher governs the lower trading is no different, the major moves and most volitilty is on the bigger charts, prices on the lower timesframes simply ebb and flow to meet higher timeframe targets. You should always know what is happening in the bigger picture charts as it's alot easier to spot where smart money targets will be.
Read my related post on what I wrote.
BTC NEED TO RECLAIM 17600..Hello, as title said,
BTC need to reclaim 17600 that is the 3AC capitulation candle low, a close above with a nice Binance/FTX deal would bring some nice upward volatility.
Better not short here, instead is better wait a possible news related to Binance/FTX drama deal.
So you wait a reclaim of the line for a LONG
or a retest as bearish breakdown for a SHORT.
Anyway the final target is 10k-12k (not excluding a wick below)
BITCOIN: Bearish Fakey + Pin Bar SetupBITCOIN (BTCUSD) – Cash: Bearish Fakey + Pin Bar Setup
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Fakey + Pin Bar Setup overnight (We suggested waiting for this setup in the Sep 21st, daily newsletter).
Price exploded lower from the $21930 – $22808 short-term resistance area.
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Fakey + Pin Bar Setup.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $21930 – $22808 short-term resistance area.
BITCOIN (BTCUSD): Bearish Pin BarBITCOIN (BTCUSD) – Cash
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal just under the $25339 key resistance level, earlier this week.
The Bearish Pin Bar Signal that had formed on Sunday, August 14th has failed (We did not consider trading this signal, nor did we mention it).
The Bearish Pin Bar Signal that had formed on Thursday, August 11th has failed (We did not consider trading this signal and hopefully saved some members on this market).
Idea: We are considering selling on a retracement higher whilst price remains below the most recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, earlier this week.
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
BITCOIN: Bearish Pin Bar SignalBITCOIN (BTCUSD) – Cash: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal late last week.
Price moved lower from the Bearish Pin Bar Signal that had formed early last week (We suggested trading this signal in the June 28th, daily newsletter and hopefully some traders got on board).
Price moved lower from within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th (We have been considering selling the pullback to this setup since June 20th, weekly newsletter).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th.
Potential Trade Idea 3: We are considering selling on a retracement higher and only after a price action signal, whilst price remains below the $25339 short-term resistance level.