#BTC update The trend is in the middle as BTC 23500 is not brokBitcoin gives a fakeout above the resistance level to hunt stop loss and liquidate high leverage positions. BTC is now trading below the resistance level which is not a good sign. Today global markets opening will decide the next move for BTC. The support and resistance levels remain the same.
Btcusdforecast
#BTC update The trend is in the middle as BTC 23500 is not brokBitcoin gives a fakeout above the resistance level to hunt stop loss and liquidate high leverage positions. BTC is now trading below the resistance level which is not a good sign. Today global markets opening will decide the next move for BTC. The support and resistance levels remain the same.
BTCUSDT: Elliott Waves Intraday TradingThe price continues to move within my trading plan.
At the moment, there has been some shift in wave levels, which indicates the presence of an additional opportunity to open long positions.
I am still actively buying, but I also continue to consider an alternative scenario with a sharp decline.
The short-term trend reversal level is now at 20600-20600: in case the price breaks it in the current correction, I will reverse my long positions into short.
Market dynamics indicate a temporary limitation of bullish sentiment, and wave patterns indicate another cycle of urgent price corrections for many coins.
Best Regards,
CEO Tornado Capital
BTCUSDT: Elliott Waves Intraday TradingHey all!
The price of #bitcoin is moving within my past trading plan.
I am long, but I am still considering an alternative downside scenario.
What are my plans?
- the base price dictates to consider purchases after any local price correction. And I will be increase the volume of long positions in case the price down to the range of 20800-20400.
- the alternative scenario tells me to follow the price reaction within the framework of the base scenario, and in case of an unsuccessful correction on a set of long positions, I will reverse long positions into short positions.
In general, as in the past, there is always a way out of any situation - the main thing is to have a good trading plan.
Sincerely,
CEO Tornado Capital
BITCOIN: INVERSE HEAD & SHOULDER.Hello traders, welcome to my new BTC update.
Timeframe: 4 hours.
Description: Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
Update: BTC has currently formed an inverse H&S pattern in a lower timeframe. Technically, an inverse H&S pattern is a bullish pattern and if BTC manages to break through this pattern then we can expect a higher rally on BTC. A rejection below this trendline will invalidate the inverse H&S pattern.
Trade Setup: Buying at breakout and retest will be a better option if you guys are trying to enter into BTC. Best entry levels will be between $20.8k to $21k. Targets will be $22.6k to $24.3k and Stop Loss at $19.5k.
Note: Do not FOMO, buy only at confirmation.
Let me know what's your idea on BTC in the comments.
Thank you.
BITCOIN BEAR CYCLE ROAD MAPBitcoin tested the phycological level of 20k and has found a temporary support floor.
There is now billions of realised losses in the crypto space as everyone who was greedy and didn't scale out their profits. The markets is now being led by emotions and the whales are about to play on them big time. I see Bitcoin having a short-mid term retracement in the coming weeks and hopefully a decent retracement further up where we will see a new lower high in the markets. If you think this drop was bad wait until you see sub 10k again in bitcoin.
If bitcoin had grown organically in it's bull run instead of going vertical this drop wouldn't have been as bad but this drop is just a taster of what's in store. The people who disagree with this post will likely be the ones who said 250k next, 20k never again! YOU MUST get real now an accept the markets moves. You should be your most bullish in a bear cycle.
As whales toy with your emotions they will drive prices back up where everyone will emerge from the darkness and say 20k never again and this is the true run only just for you all to be dumped on again. Take this drop as a lesson, I have bought low value crypto currencies which should get a nice influence from the BTC pullback and one the lower high is locked in I will be shorting bitcoin all the way down.
I plan to take my members on a crypto journey like no other when the time is right and I have openly displayed my buy orders of XRP at 0.14-0.24 and then selling them all at $1.60 for BIG returns so don't come in the post thinking we are clueless.
My predictions stand at this;
BTC 16K / 12K / 7.5K
ETH $200-160
XRP 0.14 - 0.006
BTC: Looks like a Head and Shoulders?!1Bitcoin
Intraday - We look to Buy at 20022 (stop at 19388)
We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. 20080 has been pivotal. 19744 has been pivotal. Trading close to the psychological 20000 level. Bespoke support is located at 20000. We look to buy dips.
Our profit targets will be 21688 and 22088
Resistance: 21700 / 23000 / 24000
Support: 21000 / 20000 / 19000
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BTCUSDT: Elliott Wave Intraday TradingHey all.
The price went down within local correction by my trading plan (published in the past here -
).
At the moment, as in the past, I am considering 2 options for the development of events:
- by a basic scenario, I will buy in wave 2 of the current initial growth impulse at the levels of $20k-21k and with the target level of profit at $25k-26k (trading plan on the right chart);
- by an alternative scenario, I will close the long and make position overturn in short sell at the level of 19700 in order to get a profit and make position overturn into a long at the level of $17k-16.5k (trading plan on the left chart).
P.S. Guided by a good trading plan, you always know what you will do in the future. Lucky trading!
Best Regards,
CEO Tornado Capital
BTCUSDPossible short ; momentum to the downside. we broke structure to the downside and waiting for pullback to h1 ob to go short.
SL above ob/recent high. Tp at the weak lows/ob below.
BTC what if ?… worst case scenario BTC / USD
hi guys before we get started lets say this scenario has a very little chance to happen
However we should be prepared to everything
I can call this scenario “worst case scenario or the scariest scenario “
WHAT IF ?
as i said before in my last analysis i still believe we have very high chance around 17600-16000 will be ultimate bottom , you can check my previous analysis here :
However, the chance of this scenario will increase if 300 WEEKLY MA Doest hold (which located near 16k )
The next strong supports after 16000 in my chart
14k - 10k - 6k
Alot of people already waiting 14k-10k !
From my experience when majority of traders want something ,The MM either never reach that price or dump much lower
And that’s why, we see bottom already very close or much lower than majority think
Summary:
we believe bottom is very close or already in unless BTC consolidate below weekly ma300 (16k) and DCA is still the best choice for long term investors
Dont forget to like and share for more
Best of wishes
Analysis, forecast BTC and thoughts aloud for the next 6month #2It looks like our global analysis is the most accurate from all type of our analysis.
Large timeframes in the analysis show a clear trend and most importantly, they get rid of "unnecessary noise", which can throw off the correct opinion and an unemotional view of the market.
The value of Bitcoin has been falling steadily for 3 months, the price of BTCUSDT has fallen 52% from the high and reached the top target according to the BTCUSD forecast of 10/19/2021.
The $31500-33000 price zone is very critical, and it will decide the future of the crypto market in the coming months.
Let's consider some possible variants of events in the future:
1. A negative scenario (red arrow) - the sellers will sell the price of BTCUSDT below $30,000 , they will break out stops and then the price of BTC may spill down to $23800 in one wave. Such a scenario would fill the GAP formed back in late 2020.
2. Positive-negative (white fractal) - the price movement according to this fractal predicts the growth of BTCUSDT price up to $56500 (also the fractal hints at possible break out of stops up to $31500 before the growth). Around $56500 will decide the future of crypto market: to go on and renew last year's high or a sharp drop to $12-14k . Fractal indicates a possible collapse of the crypto market in spring 2022, how it will be unknown - this is just a guess. However, we know that US Fed is accelerating the pace of winding down its asset-purchase program, which actually opens the door for an earlier interest-rate hike - as early as spring 2022.
3. A Positive scenario - after the Bitcoin price reaches the white fractal of $56500, the maximum possible correction will be in the area of $44500. And then a continuation of parabolic growth and the possibility of seeing a BTC price of $110k+ by mid-summer 2022.
Please, write your favorite from scenario in the comments to the idea or write your scenario of the future (preferably with a chart)
And now, let the old-fashioned way: write the trading pair you want us to analyze in the comments.
We will start in the comments, and you go on!
Top 3 trading pairs that will get the most likes or comments will get a decent analysis from us.
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BTCUSD TO 16200!!! (SELL OFF)Never buy the first bounce!!! the first basic principle of Crypto. Looking for a 4800 pips of Sell for BTCUSD, looking for a double top formation on this setup on a 2HTF.
RISK OFF!!!!
NB: Yellow Box; Supply Zone
After hitting my TP, I'm looking for the real bounce of price to 27,000.
BTCUSD RANGING ON A SOLID SUPPORT ZONEThe base line support zone is 29222.01 zone break below it, i would expect price to retest the zone of support previous held as a peak formation low for stop hunt zone at 25838.02 zone. the overal market pattern is macro bullish flag on weekly chat of which is in confluence invesly with daily chart time frame intermediate pattern which is bearish flag.
It would be good to wait more days just to see how this pair will develop further is not yet ideal to trade but to short list it and watch it closely.
BTCUSDT: Local Waves Count & Growth Opportunities At the moment, the price of bitcoin has recovered above $20k.
In my main version, there are 2 scenarios: the price growth can continue after the correction of the current local impulse, or after updating the previously minimum price level.
In general, the wave structure allows to plan almost risk-free trading operations.
If consider the option with the end of the decline and continued growth within the current growth dynamics, then we should monitor the correction and price reaction in the range of $20.5k-19k.
If the local trend is strong enough, it is worth planning long position on the new growth impulse in the 2 wave of wave 3 in the specified price range.
If the sales will be strong, there is a high probability of updating the minimum price level, where it is also worth considering buying near $17k-16,3k.
As in the past - I expect the beginning of a bullish rally, the strength of which will be determined by the development of positive or negative sentiment.
Best regards,
CEO Tornado Capital
Here is what I see in BTC!I am still firm that BTC is going downtrend for a long time.
Red Line - where the market making a short term reversal in a low timeframe
Green Line - is where the market making a bullish reversal
Blue Line - Is where the final momentum will reach before heading down. Profit taking shall be fully utilise at $54k - 55k the most.