Bitcoin is about to reach 22900-22700.
Bitcoin is showing a divergence between volume and price on the hourly chart, which is a relatively reliable signal.
Therefore, we can boldly go short with a target in the range of 22900-22700.
If you have entered a short position, wait for the profit-taking point. When the time comes, we will consider entering a long position.
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Btctrading
Short term view of BTC [ support showing in the past few days ]Recent BTC volumes shows a number of time a huge volumes are created at the low price, which is an indication of some big players supporting the price around this range .
However, there are some buyers came in around $23,883 area which is enough for the big players to distribute some BTC at the range . This is why it causes a fall in price after that. If there are enough buyers within $23,000 range, then the rebound will not happen. Because big players don't need to mark the price higher to attract more buyers for distribution.
If rebound happens
Based on our approach, the rebound might not be sustainable due to the previous price fall shows sign of controlled price fall / selling to avoid market panic . In our view, the big players might still hold some BTC in hand & wants to distribute more. A small price up will happen & retrace right after.
Disclaimer : The volume data BTC analysis in 5 mins chart is from source that have collective volumes from different exchanges or market maker that they could access to and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
BTC/USD - BITCOIN - Great Buy OpportunityBitcoin hit strong resistance at $25,000 but with all the good news from Hong Kong, China it will break the resistance:
--> On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens.
Entry: $24,650 - $24,700
Take Profit 1: $27,000
Take Profit 2: $29,000
Stop Loss: $23,000
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Pick A Side...So For Crypto Traders Looking At BTC Here's one...
Sideways movement with no impetus. How many times have you seen this (likely many, I always highlight it)..
That's because often around the discussion of crypto comes these times...
But you must always realise we are going up or down. In either case, Price is too high for longs.
hold off if you absolutely have to trade it.
Get onboard the reaction, it's safer.
BTC QM SetupHello Traders. Hope you are having a great weekend. As you can see BTC has formed a QM pattern on an important resistance which is 25K. A correction is
expected for BTC at least to 22-23K. The pattern gets invalidated if 2H candle closes above the last high about 25.3K.
What is your idea?
Comment down Pls.
As long as BTC is above 23.3k, it should head to 26.2-26.8kMain expectation is still to hit 26.2-26.8k at a minimum (possibly has high as 28k with an extension) - this is the main expectation as long as BTC is above 23.3k.
If BTC sustains below 23.3k before hitting that 26k level, then we are likely revisiting the low 20ks, or possibly sub 20k, before attempting to break upwards again, although more bearish scenarios would be very much on the table as well so I wouldn't necessarily be blindly longing in this case.
Assuming we get 26k, I'll view the subsequent pullback as a strong buying opportunity. That pullback could also be quite significant, back to low 20ks or sub 20k, but the danger of a more bearish scenario would be much less, so again I would view this as a good longing opportunity.
Until BTC breaks either 23.3k or 26k though we are in limbo. Hopefully we'll see one of those levels break this week.
BTCUSD Market Comments Today 19/2/2023Potential selling zone but Btc price has searched many times but has not broken 24k8 -25k2
If in the small frame (m15 ) the price tends to create an upward dow to break the 24k8 -25k2 price zone, then the price will continue to go up to the 30k8 to 31k price range in the long term.
and if the price does not break 24k8-25k2, it will return to retest the 21k3 price area to confirm the market's continued uptrend.
In the 24k8 to 25k2 price range, sell only when the market shows signs of a decrease in Dow in a small frame of m15
#Bitcoin - thoughts out loud #3Good afternoon, dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
In my opinion, the distribution phase is coming to an end and we should expect liquidity to be withdrawn in the range of 22022 - 22292. How the price will behave in the future will be seen by the situation, perhaps professional operators will realize the orders they have in their hands due to a false breakout of the 22022-22292 range and we will see further growth in the instrument. Otherwise, we will go even lower.
In general, it is best to focus on liquidity withdrawal, after which it will be clear what the instrument will show, strength or weakness. Strength is needed to continue moving upward, weakness is needed to fall. What do you think about this?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
BTC will bounce soon according to …BTC / USDT
Elliot impulse waves subdivide into five waves. Three of them are motive waves (1, 3, and 5) and they move in the direction of a trend. Two of these five impulse waves are corrective waves (2 and 4), so they move against a trend
What i think is that we are in corrective wave 4 which about to end soon (Healthy correction) before wave 5 which will pump BTC to 27k - 32k
My Expectation :
I expect the price will bounce soon either from :
1- Current level ( from here till 20k )
2- Second level around 18k
If you like this analysis and agree hit like and follow
If you have any questions feel free to ask in comment section below ⬇️
#Bitcoin - Thoughts out loud #5Good afternoon , dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
At the moment, the downtrend is slowly fading and the asset is starting to show strength. Confirmation of the buyer's presence is needed to make a definite decision. Local longs are possible.
What are your thoughts before the weekend?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win , sometimes you learn ".
#Bitcoin - thoughts out loud #4Good afternoon , dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
I expect further depreciation of the asset.
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win , sometimes you learn ".
BTCUSDT WE HOLDING LONG BOIIIII TP COMING SOON!THIS IS NOT A FINANCIAL ADVICE....this video is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.
Let's look closely on this pair for a day or 2. Big momentum is coming.
BTC Wave Analysis + Trade SetupI think that wave A of (A B C) is complete and we are currently in wave B.
Warning: Wave B itself consists of 3 waves, the third wave being the longest wave.
After reaching the specified target, I strongly warn the owners of altcoins that the risk of most altcoins becoming zero is very high. (No matter how valuable gold is, if it is bought at a bad time and at a bad price, it is no different from a piece of garbage.)
Be successful and profitable
BTC - Bullish Order BlockBYBIT:BTCUSDT.P
4Hour time frame
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BTC is forming a divergence structure(DS) as we mentioned before.
DS is a bearish pattern, which means BTC is suffering from short-term resistance.
However, we're still in a healthy bullish run currently.
So we can buy it if BO DS and retest 21000~21300.
BTC back down from here...Using market frequency - based on Andrews Pitchforks on a high time frame (WEEKLY) we can see BTC hit the 1.272 fib setting and is looking to rollover. A shorting opportunity back to the lows around $17k.. not financial advise.. just my take.. until a further drop too $11-12K .. going against the crypto BS influencers on this..
$SP500 - Lower Timeframe, Breaking Rising Wedge..? DOWN?Closed 50% of My Long on $BTC.
I'm up a good amount. The following $SPX (Sp500) scares me, we are breaking the rising wedge near the higher timeframe supply zone + diagonal resistance.
Will try to keep my altcoins running as explained in the video.
#SP500