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Btcudst

BTC is in a range. Seems like a swing trader's dream come true!$BTC price action has been bound between $40,000 and $34,000 for most of the last 28 days. The market structure seems clear for now although predicting anything about $BTC price is extremely tricky. It's a very volatile asset and has seen days when the price has ranged from $30,000 to $43,000 in a single day. In a sideways range bound market, there are always opportunities for swing traders. Big large body candles with price rejection at the key points of support and resistance provide for well defined points to enter and exit trades. While the opportunity and patterns are clear, there are days when the price has breached through these price points only to come back in range. This means it's extremely important to keep some breathing room and set your stop loss at least a couple of ATR away from your entry point. This video illustrates some possibilities and shows key price points and explains the market structure. There is absolutely nothing in this video that should be consider as investment advice. Please do your own research before you enter any swing trades.
COINBASE:BTCUSD
by elliptic-capital
Bitcoin (BTC/XBT) & Ethereum (ETHUSDT/ETHBTC) Update 2021/06/01Bitcoin (BTCUSDT) Bitcoin broke out of the W bottom yesterday, and is now retesting the neckline of the breakout at 36.5K. It's a bit bearish that price closed below this neckline, but we need to see if price can close above the 36.5K level. If price moves lower, we have the 61.8 Fib @ 35.6K Ethereum (ETHUSDT) Ethereum had a nice 10% rally after breaking out of the W bottom pattern. It is now retesting the 200MAs in the 2550-2600 zone. If price bounces off of this level and establishes the 200MAs as support, we could see a nice second leg up. There is also a larger W bottom pattern that is potentially forming, with the neckline at 2900. If price breaks above 2900 with strong volume, the potential target out of this pattern would be 4K+, an absolutely huge move. Ethereum (ETHBTC) The ETHBTC pair also had a nice rally after breaking out of the W bottom pattern. I actually took a long on this pair, which I shared live, so congratulations to everyone who took the trade.ETHBTC ran into some resistance at the 61.8/golden pocket at 0.072-0.073, which has been serving as the main resistance level for the past few days. As with ETHUSDT pari, the ETHBTC pair also has a huge potential W bottom forming, with the neckline lining up with the golden pocket at 0.03. Should price break above this level, the potential target is 0.09+, which would be a new high during this bull market As always, im not a financial advisor, DYOR, and stay safe!
by cryptotraderog
2
Bitcoin getting ready for another Bearish roundJust when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet. Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle . It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold that area. At an indicator level, Stoch RSI and MACD has are showing Bearish sign and current price have moved below all EMA's. Ideally, Bitcoin should bounce off the blue zone on the chart, and then break upper part of the triangle. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
💎BTC: Heavy Buying Done By Institutions..Hello Dear Traders, In last post we discussed weekly candle analysis. last 2 weeks been great for institutions they are continuously buying every dip. accoutering to Crypto quant, institutions bought btc in 48k-60k range since February. approx. 154k bitcoins flowed out frm coinbase to multiple cold wallets. Soon we may see series of announcements frm companies like facebook and major institutions. Few hours ago when buyers here area tested we seen heavy buying pressure. last weekly low is 52900 area, i think btc will test again these levels. 51500-52500 area is great buying area.
Long
by mbn_global
BTC/USDT 6 HOUR Chart Fall TargetsIn this idea I finally am confident that we are seeing this retrace. We completed our third ascending scallop and now we are falling. At this point what I expect is 3 descending scallops. Fall occurred last night at just after 10:00 PM CST I expect this to run in 24 hour cycles so give your portfolio that long to recover then make any decisions you need to. Best of luck to you. After we complete this fall then we will double bottom and then go beyond the all time high and there will be your bull run. Get ready when BTC hits the bottom you will have your alt season while it consolidates. This is all very normal movement. If you agree throw me a like and follow for more unique ideas and concepts that keep you in the gains. Much love to my supporters ND
Short
by The_New_Disciple
16
What can be BTC move for this week !!Hey guys welcome for a fresh update on BTC -------------------------------------------------------- BTC can most likely be caught in consolidation for this week -------------------------------------------------------- After the Major Correction of 15 % What we can see is that the BTC is taking Support and facing Resistance At the local Support and Resistance So What we can expect For this week Is that there may be no major move and BTC can consolidate well before any big move... As the next stop will be 70k- 72k area For that we need this consolidation Don't Miss Out on it.... Give a thought to it and manage your risk carefully... Let me know whats your target and suggestion In Comment Section Will Be back with another Premium Analysis in the mean time.. -------------------------------------------------------- Thanks for reading... Give us a THUMBS UP if you like it... -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
by Husain_Arkghazi
WHEN THE MOST FOMO ON BTC - THATS THE BEST WHALE SELLHello trading friends, We know that the most are on LONG - And some will ask Watchtrend why are you bear to the market? - that's the story: We follow the whale ETN tool as no1. And we know it's only about time before bitcoin will recovery - the biggest rule into trading, there is noting that go only up with normally TA . a recovery should come, and whales know this also. Have good risk management. that's the most important. when bitcoin breakdown the most will be on lONG WE DID LEARN FROM MORE RECOVERY TRENDS ALSO FROM 2017. @@Follow/like for more 24/7 Live updates on tradingview.@@ Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly * this is not an advice ---> Have a great day
by watchtrend
5