Btcusdidea
THIS IS WHAT I WAS TALKING ABOUT!!!Welcome beautiful people to my BTC update.
BTC went straight up as expected. It bounced right from the entry-level I mentioned in my previous update. I got personal DMs from some of you telling me how you made profits out of this BTC trade setup. I can't explain how immense joy it gave me when I saw you guys making profits and keeping yourself aware of the market with my updates. It makes me happy to help you guys.
Coming back to the chart, BTC has gained almost 20% after the bounce and it is likely to touch the upper trendline (resistance) soon. The RSI is in the overbought zone which means, a retest is around the corner. The current price of BTC is $43k will be a safe exit. I am personally exiting my BTC trades here booking some good profits. I will leave 25% of my holdings for any further rally with SL at $42k.
You can use the same strategy or use your own if you have a better one.
Share your BTC updates with me. I will be more than happy to understand your ideas.
Do like and follow for more updates.
Thank you.
Bitcoin- Genuine reversal or bull trap?Yesterday was a crazy day for BTC, with the price rising strongly about 15% (also stopping me out from my short trade) and now the big question is: Is this a genuine resumption to the long-term uptrend or just a bull trap.
Looking at the chart we can see that 35k is marked by 2 long-tailed daily candles indicating buying power and also there is the possibility of a double bottom. On the other hand, 45k is very strong resistance with price reversing from there from the beginning of the year.
Although I don't rule out a reversal, what I would like to see is a higher low around 40k and a break above 45k for confirmation.
Till then, I sit on the bench and wait for further price development.
BTC POSSIBLE SCHENARIO on 1 hr ChartBTC take a bounce from 34200 level and now creating a bearish expanding triangle on 1 hr chart.. also 50DMA now acting as a resistance . Also the there are a resistance trendline which you can see into the chart. Now BTC can take correction till 36300 then we may see small bounce towards 39100 then it will go towards 33600. another 2 possible scenario you can see into the chart.
THE FUTURE OF BITCOIN!Bitcoin - USDT | 4H
*** Rejected at 50MA
*** Trading above 20MA
@CryptonKidd Chart TA :
$BTC bounced off the HL Trend line, good sight to behold according to my chart outlook
Now bitcoin is currently trading above the Weak Trend
A break above the Strong Trend will be a great statement by the Bulls in this war and hope of winning it
I remain neutral at this time, until I see a convincing move above my "STRONG Trend" line
This technical trade analysis is still valid and very much in play. More updates to follow as we move on given the current situations all around the world.
Follow @CryptonKidd for more analysis and gems
This is an update on the previous in-picture analysis done for $BTC . Find the link HERE:
BTC still in bear trend!Hello, back with an idea on BTCUSDT 4h time frame. Things seem interesting today as BTC has been quite volatile either side. However, I see a bearish pattern forming, which could lead the price lower. If 41k is broken, we enter a triangle pattern. However either way is still bearish. 45k needs to be broken to change the trend. Good luck with your trades and be careful.
Bitcoin Prediction: Future Of Bitcoin: Is BTC In Trouble?Bitcoin Prediction: The Future Of Bitcoin:
Is Bitcoin (BTC) In Trouble? No!
Situations across the globe ( rumours of wars, politics, frenemies of crypto) might be taking a toll on BTC but you can be rest assured: he who laugh last, laugh best!
These 3 scenarioos indicated in my chart could play out pretty well - I can almost guarantee it? but Naaah! what do I know? :)
Follow the curves - do your own due diligence, trade safe. Happy trading y'all
BTCUSDT Head & Shoulder patternHello dear Traders,
Here is a update on my previous BTC analysis. I might see a head & shoulder pattern occurring which is lining up with the 41.5K zone.
If you like my idea please like and feel free to comment for improvements on my technical analysis.
Stay safe and wish you the best!!
Kind regards
Cryptodjens
BTCUSDT Bearish Divergence on the 4hr BTC had lately a ncie run to the upside. Seeing the bearish divergence think this wil give us some correction and downward pressure.
Hopefully we can stay above the support level at 41,5k, if so it seems a nice buying spot. If not we might see the 38K level and then 36K levels.
If you like my idea please like :)
Stay safe
Kind regards
Cryptodjens
BTC UPDATE-FEB 2022BTC is in his long channel
there is 2 ways to its TP green or Orange line :)
for traiders its important to look to btc SUPPORT LINES
FOR INVESTORS the long vıew ıs ok to take ın
for low risk: ıf 45000$ support line breakes up successfuly it is time to take in
what do you think?
I think maybe a shadow to lowest price of channel may happen but the tp is still availible :)
be care, think yourself and decide!!!!!!!!
BTCUSDT | Get an impulse to the downside.If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BTC ANALYSIS-TREND FOLLOWINGHi
Lines have an important place in our lives, especially in the stock market.
Where the candles spun, broke hard, etc. These are very important. Here I came up with a btc chart based on these.
Traces of the past determine the future. Graphs and lines are important to follow the trend.
Black lines can be followed like channels,
Yellow lines can be seen as shorter term resistance and support lines,
Purple lines should be followed carefully.
Have a nice day.
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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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BTC SMALL BULLISH MOVE OR BEARISH?Hello, I am back with an idea on the BTCUSDT chart in the 4h time frame. What it's interesting about this pattern is that it has formed an ascending broadening pattern with a few impulsive waves. You can see clearly all the patterns formed in the chart and the way I have followed it with the small time frames and also 4h and daily.
The ascending broadening pattern is usually a bearish continuation pattern (only a few times indicates a consolidation move) and it is a small correction of the bearish movement. Looking at the weekly chart, I do not like how BTC looks like in that chart, and I think we are experiencing a bullish corrective movement probably topping around 48-50k before we see the bearish trend continuation or maybe a consolidation, dependable in the support and resistance areas. The 4th wave may be finished and we are about to experience the last wave as the 41.5 area was hit and it is forming a bullish flag. But in my opinion, this pattern looks as a bearish continuation and I expect to retest the 30s. However I would not remove the possibility of a corrective market at this moment and preparing for the next move, doing sideways movement for a while. Do not forget to manage every trade with a SL, but a small bullish trend is about to happen and in the mid term, I still see it bearish. We need more volume and also the news make it even more uncertain in which direction. But you can make profits trading in the areas mentioned.
If you have any comment, you are welcome. :)