Btcusdshort
Whatever you need to know about BTC sycle** IT'S NOT FINANCIAL ADVICE **
** SO PAY ATTENTION IT'S JUST MY IDEA ABOUT THE NEXT MOVEMENT IN THE CRYPTOCURRENCY MARKET **
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Hello Guys
what's up?
Hope you feel great and always be happy and successful.
Today I want to talk about the Elliot cycle of Bitcoin.
it's really interesting.
so don't waste time and see carefully this Elliot analysis.
this analysis is about BTC in the weekly timeframe.
as you see we have two different parts.
in the first part, a huge bullish trend is obvious.
I drew the five main trend (Red Line)
and show you all the details you need to know. it's about minor waves(Blue & Black lines)
so after finishing 5th wave, I expect the market to correct. this correction contains three waves. we call it A, B, C
A is a downtrend wave.
B is up trend wave.
C is a downtrend wave.
The market started to downtrend from 69k to 15k as A downtrend.
at the end of the A wave (15500) we started an uptrend that we know as B.
and finally, we have a C downtrend to the support zone.
but there is a question, How high can the B wave rise?
well, well, well ... let me tell you.
we change the timeframe from weekly to daily. so we can see 35500-36000 is a very strong zone that causes to push the price in the previous movement to 69K.
at this time we lost this support zone and unfortunately, this support zone converted to a Resistance zone.it's really bad news. I expect the price to retest 32500-33500 and then drop. it means the B wave will be finished. and a new correction wave is beginning.
as I told you in the previous analysis we have three strong zones to support the price
this first one is 9800-12500
the second one is 7500-8500 and the Third one is 3800-4300
it means the target of the C wave is one of three support zone.
and if we close two days below the first support zone with high volume, the next support zone will be active.
please pay attention to money management and put stop loss in your trade.
I EXPECT YOU TO SHARE THIS ANALYSIS WITH YOUR FRIENDS AND WRITE YOUR COMMENTS BELOW.
Thank you so much in advance.
BITCOIN parallel channel more range and correction ❌🧨Hello 🐋
we can see more correction to the downside, at least close to great daily support level ($27000 to $28000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
for
any other huge pump, we need more correction 📖📖📖📖📖
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Mainly shorting BitcoinThe BTC/USDT trading signal given today made some profits in the trading.
So how should BTC/USDT be traded next?Overall, before the upward breakthrough of 30,000 points, the resistance above Bitcoin was relatively large. On the whole, Bitcoin's rebound after the decline was relatively small, and the overall trend of volatility was still maintained.Then in the next trend, mainly focus on the following points.
1.Pay attention to the short-term support area 28200-28000 area. If the support area is not broken, you can try to go long BTC/USDT in small batches.
2.Pay attention to the short-term resistance area 29200-29400 area. If you cannot effectively break through this area during the rebound process, you can try to go long BTC/USDT in small batches.
3.Pay attention to the resistance area 29800-30000 area above, and when the market rebounds to this area, you can boldly short BTC/USDT.
The above are the key areas of BTC that need to be paid attention to in the short term and the general trading rhythm, and I will announce the more detailed trading rhythm and entry position in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
Bitcoin trend line resistance continues to cap gains.Bitcoin - 24h expiry - We look to Sell at 29386 (stop at 29986)
Trend line resistance is located at 29400.
Expect trading to remain mixed and volatile. Intraday signals are mildly bearish.
We look for a temporary move higher.
Prices expected to stall near trend line resistance.
Our profit targets will be 27886 and 27686
Resistance: 29300 / 30000 / 30400
Support: 29000 / 28700 / 28200
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Bitcoin set to retrace past 24 hours' gainsBitcoin bounced from $28.2k on Wednesday but the bulls' hopes of a rally might be nipped in the bud.
H2 bearish OB (red box) at $29.3k-$30k was tested in recent hours
The FVG (white box) at the $28.8k region has been filled- and the price climbed slightly higher as well.
The H1 bullish OB at $27.8k is the bearish target
Entry: $29,315 (retest of H2 bearish OB)
Exit: $27,850 (H1 bullish OB)
Stop-loss: $30,020 (above bearish OB)
BTC to fall back to $18.8k before continuation higherEveryone is bullish here because $BTC broke it's most recent high at $25k.
But I wouldn't get too excited.
You can see the BTC has formed a broadening wedge and you can see how price broke through the $18.8k level without retesting it as support. Therefore, I anticipate a correction back to the $18.8k region to test that as support before we see continuation higher into the $30ks.
Let's see what happens over the coming weeks.
#BTC/USD The trend is not over Yet! $40k possible?The weekly candle closes in 16 hours.
Trading at the same range in LTF.
Fractals are pointing towards more upside move in the coming weeks followed by a top around the end of May/June first week. We could reach as high as $40k.
Considering the current circumstances, I know this is a bold target, but it is what it is.
I am only pointing out the information and facts in the chart.
There will be corrections on the way.
More information is given in the chart please observe!
Invalidation:- A Candle Close below $27154.
This is not financial advice.
What do you think?
#Crypto #BTC #DOGE #Litecoin
BITCOIN Case study❤️Please, support this with like and comment!❤️
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Bitcoin | CVD Divergence at 15M ChartCumulative Volume Delta (CVD) is a technical analysis tool that measures the relationship between volume and price movements in the market.
Divergence in CVD refers to a situation where there is a disagreement or a discrepancy between the CVD indicator and the price movement on the chart.
I am pointing a divergence that gives a bullish signal here, but it is possible to see bearish divergences when we go to high time intervals.
Considering that the market is stuck and the direction of the general trend may change again, I foresee a decrease after a liquidity clean from 29.600 levels.
MY VIEW ON BTCUSDT I once saw a post on btc by a random twitter user.
The post was focus on a SHORT he placed on btc and i did a kind of my own analysis to confirm for myself.
I think btc will have to go down as low as 20k or 16k to gain more strength to pump and break most of its resistances.
Let's watch out to see what will happen.
jovianking trades.
BTC REPEATING HISTORY noting but ask your self that, Isn't looking very similar ??? if you have answer please comment your answer Thanks...!