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Btc Analysis and Trade Idea💸 #Analysis #Trade 💸 📊 #BTC 1H-45min_ 15min Follow the trend and wait for the trade confirmation. ➖➖➖➖➖➖➖➖ 📗Order Type: Buy Limit (Not Active Yet) 🟡Ep 1=23400$ 🟡Ep 2=23000$ ⛔️Stop>22850$ ➖➖➖➖➖➖➖➖ 📕Order Type: Sell Limit 🟡Ep 1=25200$ 🟡Ep 2=25450$ ⛔️Stop> 25650$ ➖➖➖➖➖➖➖➖ 📊Powered By Smart Money Concept+Volume profile 🆚Risk/Reward Ratio:10 ➖➖➖➖➖➖➖➖ 👤 Analysis By Trader_Needs🦅 📅 2.19.2023 📫Get Free Access to Premium «Analysis + Trading Signals.»
by Trader_Needs
Why has BTC dropped too hard, and how long can it fall? BTC dropped below the long-term trend line support started from July this year. Bitcoin dropped nearly $10000 price value in the last 4 hours, and it lost its almost 40% value from all-time high price level. Yesterday, the USA labor market report printed negative, though the market expected more optimistic than before. As a result, the US stock fell, and the bitcoin price. Today is a holiday for the currency market, but crypto markets are always open. Any assets like bitcoin, such as big moves in holiday, means investors are taking profit or something happening like manipulation. I don't think it happened by manipulation because Bitcoin itself is the product of manipulators. And we make a profit from any cryptos just from spread betting as it doesn't have instinct values. So, ahead of Christmas and the new year, profit-taking is expected to be a must. But after profit-taking, BTC will go up for sure as long as investors' demands have existed BTC as a spread betting asset. So, this massive job happens just for profit-taking. So, don't get panic. Now the question is, how long can it drop? $51500 was trend line support, but BTC dropped below the trend line support. So, it is expected that BTC has more room to fall. The present rate's next support identifies nearly $42000/$40700 Price zone. And BTC price already tested $42000 price zone after massive fall. BTC price may correct to the upside moreover $50000/$52000 price zone. But the downtrend will still be valid as long below the $60000 price zone. After that, it may gradually point its final target to the $31000/30000 price zone until next year. As this is happening for profit-taking, investors are expected to reinvest until the new year unless they find BTC at a bottom price. From my personal view, $32000/30000 will play as BTC's bottom price, and investors may start to reinvest. So, either I will wait for the new year to reinvest, or BTC's tested at its bottom prices. This is only my personal view about BTC, and it is not a trading signal or advice.
Short
by Gold_Trading_Expert
4
BTC next big move is coming!1. Symmetrical Triangle - at the verge of breaking out, could be either upward breakout(bullish) with Target of 51900USD or downwards(bearish) with a target of 21900USD. I have drawn what I assume the direction of flow would be. 2. EMA Ribbon - if price survives to stay above this ribbon for the next few hours, then most probably the push will be upward. 3. Volume - volume is very low, so we can expect a big move coming. A big move might be an upward triangle breakout or it could also lead the price down. What I can see technically, so far everything seems to be bullish but quantitatively it can result in taking the price down because total BTC in all exchange reserves are closer to the level on 19 May the big dip day. Anything can happen! Trade safely, this time is very dynamic for the market. No one knows when price can have its mood swings.
COINBASE:BTCUSD
by fullofsoul3
See, no reason to panic!Hello traders and hodlers! So, it seems BTC found its support at the green trendline, just as we thought, and it’s doing what it seems to be a Harami (we should wait for the candle to close before jumping to any conclusions). But would be nice if BTC closes a candle above this light blue line at $ 9.2, it would be a very good bullish sign, in my opinion. Now, let’s look at the hourly chart, as always: It started a bullish trend (higher highs and higher lows), is trading above the 21 ema and we can draw a rising wedge pattern. Theoretically, rising wedges should do downward breakout, but this is not a rule. In fact, rising wedge’s downward breakout are one of the worst performing patterns to trade, accordingly to Bulkowski – I recommended his books in one of my yesterday’s analysis, the link to it is below! Now, let’s see the weekly chart: In my opinion, the bulls are just gathering strength here, and it seems we will escape from this descending channel soon. And I’m optimistic about the volume too, as Charles Dow would say: “The volume must confirm the trend”. Now, since you are still here, how about leave a comment, even if you disagree with me? Tell me what you think and remember to follow me to keep updated! I’ll maintain what I said in my last analysis, and it’s worth to hold BTC for a while. We are on a streak of winning trades, and we can take our chances here. Again, no reason to panic ! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
10
Time to PANIC?Hello guys! So, the bulls are taking a break now, and BTC lost its strength, which is something acceptable, since the volume decreased a lot this week. There’s no way BTC could break through U$ 10k with such volume. But no, there's no reason for us to panic. I see this movement as a regular and healthy pullback, and there are three supports here (the light blue line; the 21 ema; and the green trendline), and if BTC does a bullish pattern in this zone, it’s a clear long trade. It’s the bulls gathering the strength they need, and sometimes this can be misleading, because people may think the trend is changing. The trend will only change if BTC loses these three supports I mentioned, and what I see now it’s just an opportunity . Now, to the hourly chart, as usual: I warned in my previous analyses if BTC loses this red line you could book your profits, if you are a swing trader, but if you like to keep your positions for a longer period of time I think it’s worth to hold the trade, because the daily chart is still bullish. Personally, I’m holding it, since we did such good trades recently on BTC, ETH, UKOIL, and other assets, so I think I can afford to take my chances here and set my stop at my entry price. So, as I said, why should we panic? If you missed my previous analyses and trades the link to them are below, and I invite you to follow me to keep in touch! I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
7
We warned about the OPPORTUNITY!Hello everyone! So, BTC did some nice moves in our favor during the weekend, and as I said in my last BTC analysis, we can expect some volatility and erratic movement. If you are new here, I invite you to follow me, I do daily analyzes about BTC and some alts, and you’ll keep updated about our trades. Also, I’m sure you’ll find something interesting on my twitter, follow me there too. Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know. Let’s look at the hourly chart, as usual: The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema. It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
6
EYES ON THE PREY!Ok, so BTC reached our first target yesterday, and today it’s doing some natural correction, and this is expected. If you missed my latest analyses, the link to them are below, and remember to follow me to keep in touch! My twitter has some interesting stuff too, go there and check it for yourself! At his moment the bears are struggling above the blue line zone, and the price is moving sideways, doing what could be an accumulation or distribution, we don’t know for sure . In any case, let’s see the daily chart: The volatility is increasing, and the candles are getting bigger, if you compare with previous days. The good news for the bulls is that BTC found a support at the light blue line again, and the candle left a shadow behind. But, as I said in my previous analysis, I wouldn’t be surprised if BTC did a pullback all the way down to the green trendline again, and the bull trend would still be very strong in my opinion. Also, it’s nice to notice the candlesticks patterns I pointed using the black arrows, because we traded them all! Again, all the links below. Now, let’s see the weekly chart: Last week BTC failed in close a candle above the descending channel that has been haunting us for almost a year now, which was quite disappointing, but now it seems the bull have a real shot here. I’m naturally an optimistic person, yes, but I have a special feeling about BTC. If we escape this descending channel, the main target for this trade is the U$ 14k again (blue line), which means a 40% upside. I’ll not even talk about the U$ 20k, let’s keep our eyes on the prey, not the horizon , but either way, BTC has a lot of potential! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
BTC - An opportunity!Ok, so BTC hit the black line again, and now it’s time for us to know if the bulls will manage to pass through this resistance. But first I invite you to follow me to keep updated of our trades and analyses, I’m every day here, talking about the market and my trades, so you are welcome to join us. Check the links to our latest trades below this analysis. I find this black line in the hourly chart quite important, since it was support and resistance in the past, and now it seems it will be another resistance. The good news is that the price is trading above the 21 ema, and it may support the price, along with the blue line (previous top). Now let’s zoom out and see the daily chart: BTC hit the pink line and did a Harami, which also was a double top in the hourly chart that triggered our last trade here (link below), and now it triggered a Bullish Engulf, above the 21 ema, above the green trendline. The last two red candles here left some big shadows, which is amazing . It means the bears put some real effort in their attempt to drop the price, but they were ultimately defeated by the bulls. It’s a long trade in my view, but as I said in my last analysis, I’m skeptical about a fast recovery. I think it would be nice if the price “rest” for a while, and it could even lose the green trendline and hit the purple or blue lines without ruining the bull trend. That’s my view, and like it if you found interesting! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
3
Bitcoin Bears Where Are You? Price Lingering At Resistance?#Bitcoin has been lingering at the current resistance level for a few days now, meanwhile markets that are weak do not linger, they sell off FAST. So what does this price action imply? In this brief video I explain what we expect from Bitcoin over the next week based on the clues offered by the current balance of order flow. We operate a LONG only swing trade strategy and have been in a position since the buy signal in the mid 5700s. 1. Since Friday there have been signs of bearish activity in the form of a bearish pin bar, followed by some inside bars. This configuration, relative to its location is setting up for a sell signal BUT it needs to confirm and that requires a close below 6425. 2. IF a sell signal asserts itself, that does not mean we react. The price structure that has developed since the 3800 low has maintained it's bullish integrity which for us means we hold our swing trade long and let the market play out. Often taking no action is the best action because in this game human nature tends to only get in the way. We have a stop in place, and we usually leave it up to the market to decide the outcome of our trade idea. 3. IF the sell signal confirms, what kind of retrace is within reason? The key resistance in play at the moment is the 7300 to 8K area, which favors selling activity. The fact that price is lingering nearby rather than selling off is conflicting to say the least, and can only be interpreted as a sign of hidden strength. IF the selling activity returns, we are still looking at the 5700 and 4800 supports as higher probability locations for bullish reversals. Also relative to the current bullish structure (3800 to 7200), pushing to a new swing low (below 3800) is a low probability scenario. Effective timing comes with the acceptance that ALL financial markets contain a HIGH degree of randomness. Logic will NOT give you any control or advantage in such an environment. All the news, opinions and analysis in the world will not help you if you cannot filter that information into a coherent and repetitive decision making process that accounts for the forces natural to any market. It begins with price action and order flow.
BITSTAMP:BTCUSD
by MarcPMarkets
13