BTC quick correction to EMA25 aheadSame pattern already like in first circle: Consolidation at resistance then drop to EMA25. Same Situation now
Btcusdshort
Adequate no BS BTCUSD analysis, no random pullbacks to 10k :)Now almost every second or third analysis will show you a huge red arrow pointing to random areas to the downside.
Let's see what other options we have for BTCUSD.
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BTCUSD Sell Zone BTC has been moving up only since January 22 but could slip into a consolidation before the next leg up. With the rate at which BTC is climbing after the ETF approval, coupled with strong fundamentals, investors should consider buying the dips before BTC hits R3
It's Time To RebalanceWe are at a stage where it pays to be cautious. I've been involved in the crypto markets for 7 years and see consistent emotional patterns playing over and over again. This feels no different. We are not at the mania phase yet but a short term correction is deemed necessary.
BTC/USD is looking for supportBINANCE:BTCUSDT
Based on latest S/R and Fib our next support levels will be $37k --> $30k --> $20k.
The price action looked similar to June 14' correction so it will be interesting to see if history will repeat itself.
#btc #bitcoin #elliottwave crash incoming warning #btcusd 13Fb24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
THE SECOND SETUP BTC IS SHORTon fibbonacci levels i see a dump maybe this happen on this level maybe on next level at orange area. i will try take this short
#btc #btcusd #elliottwave short wave c 8Feb24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders.
I think it's high time for bitcoin to go short!.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTCUSD (D) Which option do you prefer?BINANCE:BTCUSD BTCUSD (D) Which option do you prefer?
Presently, Bitcoin (BTC) exhibits two potential price trajectories:
A continued descent towards the support zone around 38.xxx.
The formation of an inverted head and shoulders pattern in the price.
Which option do you prefer?
We are on top of the monthly channelHere after 2 days rally up, I guess the price action is giving nice short opportunity. I would consider Risk/Reward as 3:1 with 2% risk of total capital.
The given lines are weekly resistance and supports.
#btc #btcusd #elliottwave short wave c 29Jan24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Impulse Correction
Completed Impulsive Waves " 12345 " and " AB " Corrective Wave
Head and Shoulder Pattern in Long Time Frame and completed its Second Shoulder
BTCUSD H1 / POSSIBLE RISE AFTER THE RETRACEMENT 💲Hello Traders!
This is my idea related to BTCUSD H1. I expect a retracement until the resistance level, after that, I will look for a long entry. At this stage, I see Bitcoin as more bullish than bearish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Short on BTCI entered short on BTC, i like how it's retesting the main trendline, and i think this retest will lead the price to a consistent drop. Trendline also fit with H4 resistance. I placed stoploss just above the resistance zone, and placed my take profit at $41.000, big support zone on H4 timeframe
BTC - Expected Price Up Until HALVING📉Hi Traders, Investors and Speculators of Charts📈
With the ETF approval priced in, next thing is the upcoming BTC halving expected in April - but wat does this mean for the price of BTC?
When there's an unprecedented event that will affect the markets, it's helpful to return to the basics:
👉 Buy the rumor, sell the news
👉 Macro Analysis
👉 Candlestick analysis
👉 Buy the rumor, sell the news
The ETF was again, a perfect example of this. Although it's possible for the price to increase days leading up to the halving, from a previous analysis we determined that BTC usually drops before halving.
👉 Macro Analysis
Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2).
👉 Candlestick analysis
BTC has made 8 consecutive green candles in the two week timeframe. A few red ones are definitely overdue. This will support as a "fundamental reason" for the halving drop.
NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in correction wave 1-2.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
BTCUSD buy now don't miss this chart guy's BtcusdSupporting the bullish outlook are the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators. The RSI has overcome the 50 mean level and is retesting it as a support, which is a bullish indication. The AO is close to flipping above the zero level, which shows a shift in momentum favoring bulls.
In such a case, Bitcoin price could easily overcome the $48,222 level and potentially retest the $50,000 psychological level.
BTCUSD buy now 42701
Confirm Target. 46583
Always follow the trend
BTCUSD buy now H1 confirm move is buy zone BTC’s case, the imbalance was formed due to a spike in buying pressure, so a retracement into this area will be a good place for sidelined buyers to open a long position.
While this short-term play shows promise of a quick upside, investors need to be mindful of the big picture as well. As mentioned in a previous publication, Bitcoin price needs to produce a daily candlestick close above $48,222 to sustain the uptrend outlook.
Supporting the bullish outlook are the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators. The RSI has overcome the 50 mean level and is retesting it as a support, which is a bullish indication. The AO is close to flipping above the zero level, which shows a shift in momentum favoring bulls.
In such a case, Bitcoin price could easily overcome the $48,222 level and potentially retest the $50,000 psychological level.
BTCUSD Buy Now 42899
Confirm Target 46155
BTCUSD sell now today BTCUSD strong sell move BTC has consistently left exchange wallets since the Spot ETF approvals by the US Securities and Exchange Commission on January 10.
Analysts at crypto intelligence tracker Santiment note that Bitcoin’s exchange supply is in a downtrend. This has happened alongside an increase in stablecoin supply overn the past five weeks.
An increase in USDT reserves on exchanges is considered indicative of rising buying power, suggesting that it is likely that the mid-term bull cycle that started in October still has legs, the analysts said
BTCUSD Sell Now 43383
Confirm Target. 40100
#btc #btcusd short #elliottwave wavec 27Jan24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BTC downside channel44K is upper level for downside channel. I will wait for this cannel break before taking a long position
BTC 1D bullish if closes above this range!On the daily timeframe BTC bounced backed locally at 100EMA daily. Closing above 42k will be further bullish for Bitcoin to test 44k 48k and above. Falling below 38.5k will be bearish.
One more push to 25k then a correction to 21k before takeoffBreaking 23.3k after holding 22.3 fairly well, I believe the market is due for one last push of the little volume (relatively) is left since the surge from 17k towards 25-26.3 and finally a healthy correction back to the lower limit support 19-21.2k.
And then off we go 30k<
