Btcusdidea
Bitcoin- We can expect reboundAs I said yesterday, I expect a drop from Btc to 60k support, the drop was was even more aggressive and the cryptocurrency is trading at 59.300 at the time of writing.
However, 59k provided support for now and we can expect a rebound.
63k can be the target for short term crypto speculators and a new low would negate this scenario
BTC poor bearsJust a very fast update to demonstrate something. Don't take this idea as an analyze , Timeframe is only 4H.
consider it more like a tutorial to optimize your chart reading.
- now it's been 5 times that the bears are trying to push TheKing under 60k.
- Results : 5 Fails. (can see on chart attempts)
What does it could means ?
Going up is same as going down but just reversed :
- When BTC goes up and attempts to break the last ATH and fails many times , then the probability to go down is higher.
- When BTC Goes down, if bears fail many times to push TheKing down, then it creates some divergences with time, then probability increase to go up.
- Right now TheKing stays very strong, it's very hard with the Fomo for bears to back from their caverns.
- Anyway if we break down 60k the next Supports are around 55k$, followed by 52k$.
Happy Tr4Ding !
How low will ETH go?Etherium found support at 4,240 after breaking out of a bearish ascending channel. But is now being rejected. So will we see more down side? Next level to watch out for is 4,004 which is near the 50 day EMA along with support from a previous pattern. Below that we have 3,680 as support as well.
I believe after this quick correction we will see a parabolic move to the upside around the end of this month.
Subscribe for more ideas! Best of luck!
BTC UpdateAfter breaking out of a rising wedge on the daily, BTC found support at my 59,311 level but is being resisted by 61,211.
I'm glad I was able to warn some people with my "cation BTC fake out" post. Subscribe so you don't miss out!
This price action is resulting in a symmetric triangle which is usually a continuation pattern of the previous trend. We are in an obvious downtrend. But have major support between 57,500 and 58,100. Will it hold? If not than my previous idea seems very likely!! Check it out and support my work if you find this content useful. Best of luck!
BTC DAILY TECHNICAL ANALYSIS. VOL7Hi guys!
After a succsessful short in the previous setup (VOL6) i picked up a fast long from the 58500 area and did a short timeframe exit around 60500. Now price is still in a downtrend on medium to long-term timeframes and a risk of another leg down is there.
Considering that BTC is going to range trade between the current low and previous high made on 10th november, i will take a small risked trade in the blue marked area in the price range of around 59000, hard stop 57500 and target price 62000.
Market has to stabilize first and that means range trading in the current area for some time, if we do make a brakeout, i will add to the position. Otherwise bearish high timeframe closing is a soft stop for me.
BTC DAILY TECHNICAL ANALYSIS. VOL6Today the chart looks more bearish on the shorter timeframes, but overall BTC is holding a uptrend structure on longer timeframes.
My expectation is a brake from the uptrend formation to a sideways market structure. Considering that the trend has run out of steam after a new ATH made on the 10. november, as price action is suggesting, im going to short the market in areas highlighed as the blue box around 65000 price range.
Stop loss i going to be 67500 and target price 60400. In the target price area, you can consider going long in the 58500 price range, if the price stabilizes.
This is trading against the main trend my friends, so stay cautious and use proper risk management.
Bitcoin- Bulls are back in businessLast week I've mentioned that in order to maintain its bullish trajectory, BtcUsd needs to stay above 63-63.5k zone, and after a short spike under this support zone, Bitcoin recovered and now is trading close to 66k.
In my opinion, this 66k is the line in the sand, and once/if we break above, Bitcoin will accelerate its gains and pass above 70k
I will remain bullish as long as BtcUsd stays above the last low
BTC DAILY TECHNICAL ANALYSIS. VOL5From a technical perspective BTC is in a uptrend on higher timeframes, but to my concern it seems that this trend has run out of steam and in my opinion there are two possible scenarios about to play out.
1. BTC will respect the current uptrend and the higher low marked as a thin blue box and will try to retest the previous top.
2. BTC will brake down from its current trend and from a lower low on current timeframe. After braking down, we will move to a sideways market, in this case you can long the area in the lower blue box i have drawn.
Shorting right now is pretty dangerous, but it might work on lower timeframes. I would suggest to buy spot on the upper area on the trend and leverage long on the lower end of the are marked in the wide box. Be sure to use a stop loss order in case you decide to use leverage, it should be somewhere 57500 in order to avoid being stopped out from volatility.
Good luck!
Bitcoin- price should stay above 63-63.5k zoneAfter the 10% sell-off from 2 days ago, Bitcoin consolidated yesterday and was trading in a tight range putting in a small Doji candle on our chart.
At this moment is imperative for bulls to keep the price above 63-63.500 zone and, as I said yesterday, price back above 66 will lead to a new leg up to 70k and above.
On the other hand, a daily close under 63k would signal a new leg of correction to the downside, but more importantly, can mean that 69 is an important top in medium-term
Bitcoin- Bulls need price back above 66kBitcoin has reached a new ATH, close to my 70k target but couldn't sustain gains and dropped fast around 10%
The price found support in 63k old resistance zone and now is on a pullback.
66k is resistance and bulls really need to reconquer this zone
On the other hand, a drop under 63k would expose 60k support, but most importantly will be an alarm signal that an important top is in place at 69k
A HUGE CORRECTION IN BTC ?There might be a huge correction in BTC
- 1/4 Hours Analysis based on Supply Demand & Wyckoff, Price Imbalance, Structure
- 1 Hour Distribution Wyckoff Formed
- UTAD had played out
- Wait for LPSY to form ( retest and confrmation)
- Short at LPSY (scale down to 1-5 mins timeframes for better risk rewards entry)
- Take Profit at 1/4 Hours Demand (could partial or conservatively, take all, there are many imbalance and supply demand have not mitigate, signs show price moving too quick)
- Whale might want to dip in lower price
-BTC consilidate in a long period and pump up quickly lately, sign shows Whale manipulation is high, and they might want to push price lower and dip in future
BTCUSDT , Only 19 hours to reach our 1st target Be with us and reign
Hello everyone
According to last analysis we published yesterday , the price is exactly supportet in buy zone area and reach to 1st target , we should wait for another target that shown on chart
GUYS PLEASE DONT BE IN POSITION EMOIONALY , WE NEED TO ANALYSIS , THE MARKET SHOULD CLOSE THE CANDLE ABOVE THE LAST ATH
If you have not buy or take long position in Bitcoin futures , send me a messages that our team told you what should you do
Previous analysis :
Good Luck
Abtin
$BTC bull run end?Hi there,
i want to know your opinions on this bull run of all crypto assets and BTC.
These are my price targets based on chart patterns and Fibonacci.
I also pasted a bar pattern that might repeat and would be the best possible outcome (but there would be an insane amount of blood after End Game)...
buuut, there is also a possibility that we stay in the channel and have steady growth until somewhere 2022, where the breakout would happen and we could expect much higher price targets :)
Have a good run
Bitcoin: Retracement time...?Price has breached the previous high, tapping the liquidity there, and looking to be transitioning from bullish to bearish momentum.
After forming a reversal pattern, price had a BOS to the downside. After this, a return to the impulsing order block is expected, which it completed, forming a LH. Now, a continuation of the bearish momentum is likely to follow, forming a LL.
There is the added confluence of sell side liquidity to tap, along the way down. Price is hunting this internal liquidity for a more significant move to come!
The Bull Run.
Bitcoin: Update,correction, and trade idea!I misjudged the the Inverse H&S, the most recent evidence of price transitioning from bearish to bullish momentum. I am adjusting my analysis based on this update.
I do believe there is an opportunity about to present itself for a long position, for those not in the buy currently. It requires patience, but if we let price come to our POI without jumping the gun, we'll be in a good buy before the bullish run up.