BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Btcusdshort
#BTC/USDT#BTC
Bitcoin
Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level.
We have a support area in green at $57,800 after the price touched it and bounced from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards,
canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
BTCUSDT, Wed 07 Aug, Expecting Big Short after Long !The price of Bitcoin has entered premium from the discount area since Monday.
But it has not yet reached 62%.
It seems that today will form the maximum price of the week.(High of This Week)
By crossing yesterday's High and reaching a FVG or EQL,
And if it breaks the market structure with two or three bearish candles, it is expected that another profitable short position can be taken.
BTC Breakdown After Failed 5th Attempt at New ATHWe've been watching the upper trendline for weeks and saying that since breakouts usually happen on the 3rd or 5th attempts...
That a failure (which we just had) to break above the upper trendline shown here or to ATH on this attempt, would likely lead to a deeper correction which we're starting to see.
Plus our custom indicators have all rolled over to Red. Currently it's looking like $62k is next support block of buyers.
Some are speculating that was the top, and whale sellers are front-running a recession.
But comparing this year's chart looks a lot like prior Bitcoin bull-runs, just before the parabolic rise happens. Specifically like 2016, when there was months of stagnation near the old high..
Just before the big explosion in price.
What do you think??
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
Major BTC Bulltrap? Another leg downwards! BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation
Reasoning goes by the points I've made below
DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD
Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level
This recent move, that has been happening since July 19th, has sweeped old Liqudity area that previously formed mid-trend and formed DOUBLE TOP that happened at June 14th & 17th
Additionally, June 20th Liqudity Run, that formed a Lower Timeframe Breaker Block, which was recently used as support for last liqudity area, just got swept (at the time of writing 20:52 utc +3).
All of above coinsides with 0.236 Fibonaci retracement of last major downtrend that started at June 24th and ended on July 5th.
Exuberant market sentiment about recent market uptrend and additionally too many optimistic mainstream media news regarding $BTCUSD.
For last few confirmation would like to see
66300 Level - Break and Close of LTF Breaker block area
62400 Level - Another imporant level, if we break and close below, then it will only confirm all of the above.
53500 Level - future level that I watch, when we get closer to it I will do another analysis.
BTC IS RISING STAR 67000-69000$ + %70BEAR= 58317-46930= + 11387
BULL= 58317+11387= 69704 ( MAİN TARGET )
TAKE PROFİT
(SELLER) HİGH= 59400- 59800- 60600- 61500 -62300- 63000$ - 67000$ - 69700 - 70300 - 71400- 73600
( BUYER ) LOW= 43000-47200-48500-49800-51300-52900-55000
Btc dominance now 44.
We estimate Btc Dominance 55.
It is not investment advice. Calculate your risk. Big money big risk, Little money Low risk.
BTCUSDT, The 18 Jul, Short Setup!Based on the analysis and idea of a few days ago,
I hope and expect that the short setup will happen and form as shown in the chart.
In other words, the price will start its downward movement after reaching the red FVG.
The possibility that the price will return to FVG after the downward movement and continue its downward movement sharper again.
There is a possibility that this setup will be formed tomorrow!
Wish for a low-loss trade
How to make money with Bitcoin? This time it is a decline.
From the trend point of view, Bitcoin will continue to fall. There is currently pressure at around 62,000. This round of decline is expected to go down to 60,500-60,000. So shorting Bitcoin can make money.
BINANCE:BTCUSDT BINANCE:BTCUSDT.P COINBASE:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P TVC:DXY OANDA:XAUUSD NYMEX:WTI1! FX:GBPUSD
Oversold Bitcoin. It will continue to rebound.
I think there is also a trend of rebound after the decline of Bitcoin. The current price is around 61,000. The target is in the range of 62,100-63,000. Friends who like to trade cryptocurrencies can choose to buy as the main position.
INDEX:BTCUSD BINANCE:BTCUSDT.P COINBASE:BTCUSD BINANCE:BTCUSDT
Bitcoin rebounds by about 500-800 points in the short term.
64500 is a good position for shorting.
You can buy in small batches at present. Remember not to scalp. The risk is very high and uncontrollable.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P CRYPTOCAP:BTC.D
BTCUSD ShortBTCUSD looking to complete double top pattern heading towards support at 46830.00. A hammer candlestick formed on the weekly chart at the resistance confirming double top pattern. Price looks to be pushing up to retest the neckline, look for sells around 60750 and take profit at 50000. Good luck