Bitcoin - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold I expect the price to move lower further after
pullbacks.
Btcusdshort
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BTCUSD SELL ANALYSIS RISING WEDGE PATTERNHere on Btcusd price has form rising wedge and have broken line 63197 which means there is high probability of moving down and going for SHORT is needed with targeting profit of 61256 and 59238 . Use money management
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
BTCUSDT - One n single region, what's next??#BTCUSDT.. market just near to his one n single region that is 64500 to 65100 around.
That region will be most important region of the month n quarter.
Keep close that region because that will be last hope for sellers.
And above that will be new era of buying.
Good luck
Trade wisely
BTCUSD Analysis elliot sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCUSD SELL ANALYSIS RISING WEDGE PATTERNHere on Btcusd price has form a rising wedge pattern which means that if the 58632 level is break then sell will be activate and going for SHORT is needed with targeting profit of 53189 . Use money management.
BTCUSD sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ROAD TO BITCOIN - $60K to $64K to $54KBINANCE:BTCUSD should head up towards the 64K area which will act as our sellside liquidity, and from there we should be moving towards $54-57k range for a good support.
btcusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCUSDT.. again holding perveious resistance? Next??#BTCUSDT.. well guys market placed last week high near to his perveious resistance area.
That is most important area around 6020 to 60700 around.
Keep close that region because if market hold it then again drop expected towards our downside areas.
Good luck
Trade wisely
Btc PlanI would love for Btc to take out Weekly liquidity and get everybody bullish before the real bloodbath begins
BTCUSD SELLBitcoin is following a downtrend, as we all know.
Making money in opposite direction than the market trend is sometimes difficult, but, as market is now making higher highs, I have a sell trade for you guys from here, a buy from a good zone, and after that, potential sells as the market will continue to drop.
So, I have mentioned 4 trades for you to follow at your own risk. This is just an advice depending on my own analysis.
#Happy_Trading
BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5).
Considering we're still in that corrective phase, let's take a look at TWO options from here:
Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2.
Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase.
We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase.
For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle.
You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K.
Share your thoughts!
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BINANCE:BTCUSDT
Nonlinear compounding perspectiveLarge deviations of lows from trendlines: cumulated weakness for next quarters.
Trendlines are not support/resistance but indicate tendency.
Weekend ShortIf Btc take out 1H Liquidation inside daily imbalance @55 000 its a good short setup.
Never trust a weekend pump when the market is closed
BTCUSD Burning DownThe open interest at 54K is weak chances this will fall through to 48K before pulling back to 52K by tomorrow. However September bleeding just repeat the history again. Nothing new.
BTCUSDT: Base of 4hr time framHello guys. Bitcoin in the pullback correction to touch the celling of 4hr time frame and I expect touch red zone and countinue to downtrend.
BTC : Spot the DIFFERENCE - Why THIS TIME is DIFFERENTYesterday, I made a very comprehensive update on why BTC likely has a hard drop coming - the only problem is it published the video on the BTC.D chart 🥴 So, you've likely missed it and I will repeat it here today because it's a VERY clear signal.
Altcoin dump happened BETWEEN the first turquoise and the purple vertical line, from halfway onwards:
Up until this point BTC did correct, but only around -27%. (BTC has currently corrected -33%)
The price THEN went on to drop another -20% before bottoming out at point 4 on the Elliot Wave Theory:
RECAP: What happened AFTER the 27% drop that led to another hard drop, ending at -50%? The BTC.D started INCREASING whilst BTC price DECREASED and TOTAL3 DECREASED .
Now look at the chart again, again at point 3 of Elliot Wave Theory (the second turquoise vertical line). In other words - we're still waiting to reach point 4.
The in-depth explanation here:
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CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 COINBASE:BTCUSD COINBASE:BTCUSDT
BTCUSD: BUY@62600-61800
The bullish momentum has been hindered, leading to continued consolidation at higher levels, with indicators showing weakness. A partial pullback is likely, with key support in the 62,800-62,100 range. If this support is breached and the bears are strong, the next strong support should be around 61,700, which would present a great buying opportunity.
The bullish target is at least in the 68,000-71,000 range, and if the uptrend is strong, the ultimate target of 78,000 is also achievable.
BTCUSDT:1 Hour AnalysisHello friends Bitcoin seems to have reached the weekly resistance area and we can expect a small correction to the indicated area and then climb up to the center of the weekly area, if confirmed we can open a sell position and then we can expect if Confirmation of an open buy position.
BTCUSDT:1 Hour AnalysisHello friends Bitcoin seems to have reached the weekly resistance area and we can expect a small correction to the indicated area and then climb up to the center of the weekly area, if confirmed we can open a sell position and then we can expect if Confirmation of an open buy position.
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart:
### Key Observations:
1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines.
2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum.
3. **Two Scenarios Outlined**:
- **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed.
- **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again.
4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown.
### Trading Idea:
Given the current technical setup:
- **Bullish Scenario (Long Trade)**:
- **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level.
- **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000.
- **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout.
- **Bearish Scenario (Short Trade)**:
- **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000.
- **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500.
- **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout.
- **Neutral (Wait and Watch)**:
- **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution.
This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel.
Ensure that positions are adjusted according to evolving market conditions and use proper risk management.
Not Financial Advice, Always do your own research.
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Thank you
#PEACE
