BITCOIN UPDATE: A BOUNCE OR NOTHING.Hello traders, here's an update on BTC.
The market dropped and we saw some reds around the corner. BTC is exactly at the support ($29300) and to be bullish again, BTC must bounce back from this support. If BTC breaks down below this level then the only support level I can see is the $28k after which there's literally nothing. A bounce on the other hand will shoot the price up aiming toward the $32k resistance.
What's your call you the current BTC price? Share with me your ideas so that we can have a good exchange of ideas.
If you like this idea then do like and follow.
Btcusdforecast
BTC/USD Bullish ScenarioHello fellow traders! Haven't posted in a while, so here's my opinion of Bitcoins market state. I set a Fib starting from March 2020's low to April 2021's high. Bitcoin has retraced to the golden 618 ratio a few weeks ago, and given past history, there's usually a reverse in the market at this level. (At least that's what were all hoping for if you're in a long position!)
This RSI, MFI, and stochastics all have lined up as oversold when we hit this level as well.
I believe we will see a rally up to test the past resistance of about 42k. Just going off the facts in the chart, no news or outside advice!
Time will tell, again this is my view and not financial advice. Good luck and remember to set stop losses!
BTCUSDT - Long Term Prediction Based on Daily Chart (Log Chart)Hey guys,
I have looked at the daily chart considering a longer term prediction.
That cheat sheet is designed by Richard Wyckoff, I guess a trader would know who he is.
So the way I see it, the daily chart fits his predictive cheat sheet. Weekly or even monthly fits better.
What I believe is that we're gonna see some more drops with BTC before the next mark up phase begins.
And that would be the area of 16K-20K in my opinion. This would also close the gaps on CME that BTC left behind during mark up phase.
Always DYOR! This is not a financial advise!
Cheers.
BTCUSDT Long-term trade for summer 2022Today, we bring to your attention our vision of a long-term trade on the pair BTCUSDT
Now the price of BTC is in a very critical zone.
On the one hand, some market participants may argue that the price of BTCUSD has broken down the black support line and is fixed under it, and accordingly, the continuation of the decline is inevitable.
On the other hand, it seems to us that the fall in early May completed the ABC correction and is now consolidating before moving up, perhaps even within and with the goals of white parabolic growth.
Also, the Crypto Fear & Greed Index is now in the same consolidation at the absolute bottom as in December 2018 and March 2020.
For ourselves, we consider acceptable and balanced long-term trade with the following parameters:
Entrance to the position in the area of $29300
Take profit $52200
Stop under $25700
Profit/loss ratio 6/1
The next update of this idea will be:
- if the Bitcoin price will fix above $35500-36000. If this condition is met, you can take more long position, or re-enter long with less risk.
- if the stop order on this trade works, it means that the downtrend will most likely continue, and we will have to look for points to enter the shorts after the rebound.
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#BTCUSDT Short term update.Welcome to this quick update, everyone.
Although BTC is holding the $29k level quite strongly it needs to get above the trading range to rally towards upper targets, $32k, and $35k. (I know you know this already!)
Lower support is around $28k and resistance is around $30.8k.
We have already seen a fakeout (the red circles)!
I've shown the expected move in the chart, let's see how it goes.
For scalpers:- The long level is around $29,280 with SL below $28670 with a target of $32k.
*Not financial advice.
DYOR.
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Big Picture BTC: Cycles, Volatility, SD, and Mean ReversionOn chart:
Cycle Adaptive Volatility Meter: Autocorrelation Dominant Cycle Adaptive Volatility by TRD (True Range Double) to correct for volatility skew
GARCH: Projected Standard deviation %, 6 week forward projection
Fisher Cycle Adaptive, Fisher Transform: Mean Reversion
Autocorrelation Periodogram: Measure of cycle dominance with price-to-cycle fitness, current cycle length = 16 weeks
Volatility is dumping, mean of price already 2 weeks inside danger zone, last week was small relief, standard deviation % forward projection pointed downward
Conclusion: Perilous times ahead, only positive here is that price is sitting on bottom of Pitch Fork in Log at 99.7% stop which could mean we whipsaw back to the mean; however, lots of confluence pointing to further down from here--matching past full bear-to-bull. Bear-to-bull cycles used to attempt to capture when BTC bottom is in to ride next cycle bottom to next cycle top. Assuming our GARCH projection holds, and we continue downward, we might get some action here with a standard deviation squeeze
BITCOIN: THE ONE DAY HERO.Hello to all my members.
Welcome to this important update on BTC. For today's analysis, I will be using the same 4 hours chart.
The weekly close ended up giving a boost to BTC and other altcoins. Many assumed a bullish rally as they saw greens in the market and started posting bullish trade setups and ended up hitting their SL. Whereas in my Ethereum update I clearly mentioned that "We need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF."
I am not trying to justify anything here but we really need to understand how the market play. In my past experience, I personally have made huge losses. I knowingly made mistakes by playing emotionally in this crypto market. It doesn't mean that I am perfect right now. No one ever can be perfect but we can have the thrill to learn more and educate ourselves.
Okay, back to the chart.
BTC is currently holding the support level of $29k. If the next candle breaks and closes below this support then BTC could reach close to the $28k level where we have our next support. A bounce on the other hand will be a good chance to enter the market and make some profits. We still have 1 hour left so sit tight and wait for the moment.
Let me know what you think about the current market situation.
I hope this update will be valuable for you.
Trade safely, my fellow traders cause we have a long way to go together.
BTC: A BULLISH WAY TO START THE WEEK.Hello traders.
Dexter here with another BTC update. I hope you guys are all doing great and making some good profits with the recent pump. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. So, if you like my ideas then do show a thumbs up and click the 'follow' icon.
Anyways, let's get back to the chart.
What a great way to start the weekday. a straight jump from $29868 to $31246. This pump has boosted many altcoins side-by-side which was interesting to see. The current price is stuck at $31218 which could turn out to be a resistance level for BTC. If not then $32200 is the ceiling. If you have entered into this trade with at least 10x leverage then congratulations cause you are 70% up from the entry-level. For me, BTC did not hit my buy orders for leverage trading but I do have my bags filled with BTC on spot.
If you have trades open and you can see green in them then don't hesitate to book profits. It may go higher than your current levels but it is always wise to book good profits.
BTCUSD Long OutlookHello there all,
Here's the BTCUSD forecast.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
This is not financial advice. 🙂
Thanks all
GGWP
BTC cooking one more legEW analysis. Targets either 0.382 or 0.618. Action signal only on the breakout. Half mast formation usually run 60% of pole distance which is in line with the 0.618 target. Nevertheless once again, the breakout will rule the direction. SL below point 4, the entry on the breakout or pull back after the breakout. Trailing stops will follow the trend.
NEVER ACT WITHOUT A SIGNAL (BREAKOUT). The signal should also follow filter breakout based on ATR or STD to account for volatility (advanced concept).
P.S inverse chart
My Btc Strategy / BtcUsdt AnalysisThe graphic is clear , you just have to see it . I do not give investment advice to anyone. This is my strategy.
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Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
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You can support me by liking the analysis.
BITCOIN: STRONG SUPPORT AT $29K.Hey guys, I hope that you guys are doing good.
My previous BTC chart got obsolete with the retest level ($30.4k) as BTC dropped and close below it. BTC has been rejected from the $32k resistance level and most likely the price can reach the level of $30k or $29k where we have strong support. Most likely, BTC will bounce back from the support and that could be a good level to enter into BTC only if there is a positive confirmation.
If BTC breaks down and closes below the $29k support level then our trade setup will get invalidated.
If at all we see some positive bounce then I will keep my target around $32k.
BTC Support/ Resistance corridorThe big corridor of Support (29,5000) / resistance (35,000) update!
The current small multiyear resistance line in 32,000 holds some strength. However, all indicators show that the support was strong and a new attempt will follow soon.
Expecting another bounce to 32,000 resistance followed a slight tick down. After that once momentum has gathered we should see the break of 32,000 and BTC price towards 35,000 multiyear resistance.
35,000 is extremely strong resistance and high volatility is expected.
Positive outlook: When macro indicators like DXY, Stocks, and FED allow some strength for markets, we can expect a 35,000 break and towards the major downtrend line. There should not be any talk of trend reverse as this needs to be validated by bounces that follow.
Negative outlook: 35,000 and break can be a form of exit liquidity creation for institutions. All eyes are on institutional holdings, money in-out flow, and futures. If exit liquidity is the game then this will be a dead cat bounce that leads towards deeper lows.
Long on BTC/USDTWith the volatility that we have seen for the past few weeks, it is time to take advantage of a possible upsurge in the BTC. We are going to apply leverage to this trade to get the most of the possible uptick in the Bitcoin`s price. The set up that we have prepared for all of you is:
Long BTC/USDT x10
Entry: 29965
Targets: 30444(50%) - 31211(25%) - 32169(25%)
Stop Loss: 29284
After each target, move the stop to the previous one. After the first target, stop at the entry point.
#BTC/USDT $38k on board. JUNE ROADMAP!! Explained.BTC followed our last update and held the $28.5k level which also happens to be the .618 fib extension considering the covid low and recent ATH.
Broke above the $30.8k level too!
Volume profile matches with all those pumps that happened in early 2021 and July 2021.
However, there are a few points BTC needs to fulfill like BTC needs to break above the $32k level.
Here's what I expect:-
With several choppy ups and downs in BTC, it's highly likely that it will hit the $41k level.
Breaking above the Blue channel with lower low and lower highs.
We need a new higher low that could happen If BTC breaks above the blue channel.
Secondly, BTC needs to hold the golden ratio level which is $38.5k
The chart is quite clear here, there's a high probability of this scenario playing out in the next couple of weeks.
What's important is HOW BTC reacts to the $38k to $42k level I am quite confident BTC will hit that level.
Follow me if you don't yet, I will be updating this chart when needed.
Do hit the like button if you like my updates and share your views in the comments section.
Thank you
#PEACE