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)
Btcusdshort
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.
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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...!
Bitcoin Consolidating Near 30K - Could It Hit 33K Before 25K ?Bitcoin/1H Exited bullflag with a bearish divergence
Bitcoin staying close to 30K trying to decide which way to go first.
Some signs show 31K before 25K which I talked about it
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BITCOIN range market and more possible to dump ❌🧨Hello 🐋
the price now again stick in the parallel channel and more range candlesticks between tow area before any other breakout of the previous high we expect to see sharp red candlesticks to the downside
besides
the range market is acceptable scenario too 📖💡
if
we lose our support level we will see correction at least $24000 area ❌🧨
and if
we lose our daily resistance here more gain 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 🐋
Has Bitcoin stopped its decline?Is it possible to go long BTCYesterday, Bitcoin plunged as low as near 26942, and tried to break below the 27,000 integer mark successfully. Then Bitcoin is likely to continue to decline in the market and seek support below 27,000.
From a structural point of view, after the Bitcoin bears released the pressure of the technical top divergence, they are currently undergoing shock digestion treatment.So has Bitcoin stopped the decline and can you go long BTC/USDT with confidence?
I don't think so. Since Bitcoin has tried to fall below the 27,000 integer mark, Bitcoin will definitely continue to test downward in the later stage.Judging from the current strength of Bitcoin's rebound, Bitcoin's lack of rebound momentum shows that most traders are still in a wait-and-see state and dare not enter the market easily, which makes it difficult for Bitcoin to maintain an upward pattern.And there is a strong resistance area of 27800-28000 above, and a further resistance of 28800; while the lower support is in the 26600-26400 area.
In addition, special attention should be paid to the need to beware of the traps of technical inducement as much as possible, and to avoid the rising market caused by the behavior of traders who are trapped in long-term self-rescue as much as possible.Therefore, for Bitcoin trading at present, avoid trading traps as much as possible, and do not directly short or long Bitcoin for the time being. If there is a good trading opportunity, I will announce it on the channel as soon as possible. Please pay attention to the trading signals in the channel.
Bitcoin Head & Shoulders PossibleOn the Daily chart Bitcoin has the potential to complete a Head and Shoulders pattern, like so many altcoins did- so watching for this confirmation of drops below key support is critical.
When looking at the Monthly chart, the RSI/SRSI indicators show a likely continuation down, indicating more time is likely needed to shake out this correction.
Currently resting on the 13 Moving Average on the Monthly, the 34 and 100 moving averages are shown for reference. A drop below the 13 MA would set us up for confirmation, and a test of the 34 MA. $20K and then possibly a test of $10K are very real longer term correction targets to consider.
BTCUSD - Bearish Trend - 1H time frameBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
BITCOIN again in parallel channel range and more correction ❌🧨Hello 🐋
we can see more correction to the downside at least close to great daily support level ($26000) ❌🧨❌🧨❌
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 🐋
BITCOIN parallel channel and more range ❌🧨Hello 🐋
we can see more correction to the downside at least close to great daily resistance level ($26000) ❌🧨❌🧨❌
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 🐋