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#BTCUSDT Do no Panic! Just a correction. BTFD!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. BTC broke the resistance level and is currently retesting the important support area around 60k to 62k. I expect BTC to bounce from here and rally all the way to the 65k level. BTC is consolidating just above the resistance-turned-support trendline. So there's nothing to panic about! It's better to hold more BTC at this point than Altcoins and also USDT to trade alts. The secret is to wait for the right time to enter a trade. Like yesterday we took many trades like SHIB and made a killing profit! Entered at .028 and Closed at .047 with 5x leverage!! I would just like to warn you about Risk Management as always. Do not overtrade, you'll eventually end up losing money and preserve your funds. Remember for the next rally we need a confirmation candle close above 65k level! In a nutshell, BTC is good no issues as of now unless $57k is broken. I am Holding mostly BTC and scalping on Futures and Spot! FOLLOW ME IF YOU WANT TO KNOW MY TRADES! What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE




Long
by Cryptorphic
19
BTC/USD LONG SETUP(INVERSE H&S PATTERN)Bitcoin (BTC/USD) awaited fresh market sentiment early in the Asian session as the pair traded as high as the 63126.16 level during the European session after trading as low as the 62183.72 level during the Asian session. Traders lifted BTC/USD as high as the 63726.58 area during yesterday’s North American session, representing a test of the 38.2% retracement of the appreciating range from 58943.83 to 66999, its recent all-time high. Stops were recently elected above the 61287.25 area, representing the 23.6% retracement of the same depreciating range. Additional price retracement levels in the same depreciating range include the 63260, 64143, 65234, and 65399 areas. Traders are paying close attention to technical resistance around the 63750 level, a previous downside price objective related to selling pressure around the 66658 and 66037 levels. BTC/USD bulls remain focused on upside retracement levels and areas of potential technical resistance including the 67146, 68515, 69449, 71974, and 73245 areas. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 63784, 61796, 60189, 58581, 56593, 57627, and 56293 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27. Technical Support is expected around 59500/ 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below. Technical Resistance is expected around 67146.16/ 68515.32/ 69449.40 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Long
by MavRich_Trading
The basics of SHORT or i'am wrong?Hi Everybody this is my neutral analysis about BTC. Not looking the news and with the eyes only pointing to the graphic the Weekly candle that is not finish yet. And the double top in the W Time frame makes me think that the loss of momentum and the Short orders are going to hit hard the BTC. But is just my analysis stil last 2 days to close the Weekly candle. So, we will see. Juest keep the eyes open. Not let the FOMO work in your brain. Best regards. All comments and suggestions are well received!
by Axuview
BTCUSD in the final potential reversal zoneAfter defying many PRZ zones BTC reaches its final potential reversal area. Could BTC retrace more or less? Too bullish as for the charts and PRZs can be ignored. It defied all of the PRZs this month. Many says it's going to 100k. For me I don't know. I read charts and hunting for a good swing rather than overtrading lol. Thinking of a short term short position if this hits my short target. Too risky to FOMO near the new high. NOTE: Elliot wave is subjective and harmonic patters can be invalidated. Your capital might be at right this is pure TA only. Not a financial advice.
by marketdragonXD
HODL Your BTC! Hello friends I hope you have good trading days. After several analyzes on different coins, I found this pattern. We are at an important point in the weekly time frame. Bitcoin once had a failed breakout from this area. We expect this level to be successfully broken this time and the price to move above the channel. About 400% movement. And you can keep your bitcoins up to the top of the channel. But keep in mind that our midline is not broken yet. And we have to wait for that to happen. If the level is broken, I think this will be the last bitcoin point for the high price. And after reaching the top of the channel, the main Bitcoin drop will start. And it will lose its ascending channel after moving in a falling triangle. Of course, in my opinion, the first wave of bitcoin rise will enter the correction. A really deep correction. The biggest correction he has ever seen. But after this deep correction, the next and very strong wave will start, which will be wave 3. But if the channel is broken up, we will climb as much as the initial move of bitcoin. Which I think is very unlikely. And bitcoin will enter a heavy phase of decline. Anyway, now is the time to enjoy bitcoin. But the real crypto winter will start from the top of this channel. Of course, this is a 51% theory, which is only 1% more likely to happen.
BITSTAMP:BTCUSD
by TrendShot
3
BTCUSDT , We are near buy zone areaGood evening guys According to the chart , we are in upward channel We have some reaction to this channel and trend and we expect that this reaction is active and it can happen the price go up and continue their trend But becareful it is high risk position and if the close candle can make hammer candle in 4h time-frame we can go and check the chart in lower time frame to take signal and take long position and buy BTC Previous analysis : Dont forget stop loss Be with us and sleep comfortably Good Luck Abtin
Long
by Abtin00
What should we expect from the next Bitcoin movement? The given pattern shows some datas about the big picture of Bitcoin. Shark pattern (OXABCD) is generally work well as you can see but we should be careful. The Bullish Shark Pattern might link with a Bearish 5.0 pattern, so what is it? This is a warning note to be careful. If (0XABCD) pattern link with a 5.0 bearish pattern and we havent got an enough volume to go high, we may expect to fall. I mean that (CD) leg might be a correction of the fall of (BC) leg so we can see a new decrease. If it happens, we may see in order TP1:42793 TP2:39805 TP3:37543 TP4:35410 GOOD LUCK.
COINBASE:BTCUSD
by ALEXGENT
2
THE RSI INDICATOR WILL TELL YOU WHEN BTC REACHES THE NEW ATHIf we look at the RSI indicator on the BTC monthly chart, we can see a very interesting pattern. In fact, we can see that for both cycles preceding the current one (perhaps also for the first cycle but unfortunately we do not have the data), the indicator had signaled the top very precisely: both bull runs ended once the IRS closed above the mid-uptrend overbought RSI signal. To date, we can say that this pattern is also repeating itself in this cycle: we had the first overbought RSI signal (fake), followed by the classic correction (bear trap) and then the resumption of the uptrend which, if this strategy is correct, will end when the IRS closes above the March 2021 signal. Like if you appreciated the idea and comment below what you think, especially if you don't agree with me!
INDEX:BTCUSD
by SCAL0
#BTCUSDT Is it a TRAP ? $30k or $100k? 👀Must Read & share!!!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. First of all I don't intend to scare or confuse you with this chart. Neither want to portray a 2 arrow chart on up and down. No matter where the price goes the author becomes right eventually. Not that CRAP, What's really important here is to face the reality. When the market dumps all those OGs and Moon boys won't post anything at all and you are left helpless because you bought the top because of their shilling! Don't do that please... Bullish Scenario: Currently we are trading above:- 21D MA $44843 50DMA:- $46628 200D MA :- $45143 If We maintain these levels and break and close above the 52.5K LEVEL new ATH possible. BUT BEARISH SCENARIO? I know it sounds scary and some people might come up with hate comments too. But all I want is, to aware you. You can also see everyone is bullish now, calling for $70k and even $100k. Which is exactly what I want too but do we have that fuel in the market? Declining volume, no much buying from the whales (ON CHAIN DATA) This looks fishy to me. We have been making lower highs and lower lows since April 14th 2021 making a high of $64,986. Either we can pump from here all the way to 49k to 52k leaving a wick and dump right back to 31k. They could come up with any news, CHINA banning miners again, banning crypto trading again and what not "Be fearful when everyone is greedy" This quotation helped to save a lot of money in the last cycle after I got wrecked in 2017-2018 bull market because we always want more and lost everything I made in 3 years. JUST BECAUSE I DIDN'T TAKE PRECAUTIONS. The market looks bullish for altcoins but once BTC behaves unexpectedly all those gains you made these days will be gone in minutes. You see? There are a lot of IFs and BUTs, so better not take risks when things are uncertain. NOOB QUESTION:- Alright Cryptorphic I get it and i am tired of reading your long post, What to do now? 1. Stay mostly in USDT/USDC 2. Take short term trades/scalping and close in Profits 3. Avoid overnight holding, if. you do never ever sleep without SL. I know you are scared it might hit your SL and pump to the moon and you loose few bucks but what if it breaks the whole support and dumps -20%+? So be careful. 4. Avoid holding alts in BTC pairs BTC.D is bouncing, I am not holding much ALTCOINS in BTC pair, this could be risky as of now. END NOTE:- UNLESS BITCOIN CLOSES ABOVE 52.5K IN WEEKLY WITH GOOD VOLUME EVERY MOVE IS A TRAP. MY AIM IS TO KEEP MY FOLLOWERS ALWAYS LEVEL HEADED! ALWAYS! No matter what happens we always maintain proper Risk management. The only toll which will confirm your sustainable career in this nasty crypto world. If there is any update or change in the trend, I will let you know beforehand. FOLLOW ME and Share this chart with your crypto friends and other communities. You might save someone from getting rekt. Sorry for the long post. I hope you got the point. Do appreciate with your likes and comments. It motivates me to work more. Thank you so much guys for your consistent support. Thank you #PEACE
by Cryptorphic
89
The End Game: How I think it'll look!Hey everyone JT here... Here we are atlas, battling the ATH's and validating the bulls rally cry that WE ARE NOT IN A BEAR MARKET... So what next? Here is a chart I have assembled with two historical fractals to paint a picture of how I think the next few months will play out. I believe there will be consolidation near ATH where we will see 20% swings up and down until it coils and eventually begins the inevitable blow-off top. If you go back two posts I explain how high I think we will be going, when we will be going there, and my reasoning as to why I believe these targets and how I got to them. So go take a look at that post! This is sort of an update and everyday we gather more information allowing us to subtly adjust targets and expectations. These fractals in conjunction not only bring us out to my price targets, but also to my hopeful time expectations, where I'll personally be taking profits and exiting this market. As always this is not financial advice this is just my personal opinions and my thoughts of what BTC is doing. If you agree or like the idea smash the like button! Thanks everyone, If you have any ideas or questions drop a comment below!! EDIT* the top white line is currently the price of the highest weekly close** forgot to explain that I believe this is our main line in the sand that we will consolidate under. Major resistance.
BITSTAMP:BTCUSDLong
by Justin_Tx