Btcusdsignal
Bitcoin Next Week Possible MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
BTC keeps making moneyBTC: The daily line has been negative for three consecutive days. Today, the current trend is also falling, approaching the support level of 27000. The lower rail of the Bollinger Bands is running around 27100. The K line has continuously closed negatively and is approaching the lower rail. It is more likely to bottom out. MACD is heavy On the downside, the KDJ third line opens downward. The current trend is still negative, and the trend has not changed. The key depends on whether the lower support level can withstand it, and the bulls will usher in a counterattack opportunity.
From the one-hour line, there was a bottom divergence in the early morning of last night. At present, the MACD is increasing in volume, and the KDJ is opening upwards, but the strength of the bulls is still insufficient, and the RSI is shrinking downwards.
Operation suggestion:
The top 28000 is not broken, empty, break the position to see 28500, take profit 300-500 points, stop loss 300 points.
If the 27450-27200 below is not broken, go long, and if the strong breaks, you can take advantage of the trend and go short, with a stop profit of 300-500 points and a stop loss of 300 points.
ETH: Ether failed to hit 1880 yesterday. The currency price fluctuated back and forth between 1880-1830, but the downward trend was obvious. The Bollinger Bands shrunk down obviously.
Let's look at the short-term for another hour. MACD goes up in heavy volume, KDJ three-line diverges upward, RSI turns downward, and the strength of the bulls is weak, and there is not much rebound strength. Only when the lower support point is not broken can we go long.
Operation suggestion:
1880 above is not broken, empty, take profit 30-50 points, stop loss 30 points
1830-1800 below is not broken, long, strong break and take advantage of the trend, take profit 30-50 points. Stop loss 30 points
The above contents are personal opinions and are for reference only. The market fluctuates greatly, and the article has a lag.
To be profitable, you have to set your own rules and take full responsibility for the consequences of those rules, which is a huge responsibility. Learn, slowly build up your own feelings about the market, don't follow the trend, don't change your mind, you must establish your own rules. Being confused and losing direction in the stock market is the most terrible thing.
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Bitcoin BTC Next MovePair : Bitcoin BTC
Description :
Consolidation Phase in LTF if Breaks the Upper Trend Line then BUY and If Reject then SELL
Divergence
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
Break of Structure
Falling Wedge as an Corrective Pattern in Short Time Frame as an Correction in Short Time Frame with the Breakout of the UTL
Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.
Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.
On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.
In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.
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The price of Bitcoin is brewing the next upward trendJudging from the recent trend of Bitcoin, it has been dealing with narrow fluctuations. It seems that the pressure on the top is relatively strong, making it difficult for Bitcoin to break through effectively in the short term, and the long-term ability seems to have been consumed.
In fact, from a cyclical point of view, since Bitcoin rose from the 19550 position, many times on the way up, it will make certain retracements or pauses to consolidate the bottom foundation to support Bitcoin to continue to maintain its upward trend.Although Bitcoin has paused recently, the short-term low is constantly rising, and in the process of testing the low, it has not destroyed the upward trend, so the current trend of Bitcoin is still healthy.
So overall, for Bitcoin's recent narrow volatility treatment, it is very likely that the next upward trend is brewing, and it is expected to hit the 30,000 position.In the short-term treatment, the lower support is near 27900-28000, and the initial pressure above is at the 29000 integer mark.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Bitcoin: Can the bulls hold on?Judging from the current trend of Bitcoin and the overall market sentiment, the pressure level of 28,500 above is too strong to break through in the short term. There is a need for Bitcoin to withdraw, but the 27,000 below is still the key support for Bitcoin.Yesterday, Bitcoin broke through the recent high and stood near 28472, and then retreated to near 27300. It seems that Bitcoin will be trading sideways at least in the short term.
At present, the Bitcoin price is oscillating back and forth at a high level, and the pressure above is strong, making it difficult to break through in a short period of time. Even if the Bitcoin price can continue to rise, it will at least need to be confirmed by stepping back to accumulate upward momentum during the rise, so there is a demand for retracement in the short term.
On the other hand, the supply of Bitcoin on exchanges has increased significantly in the past week or so, which may also mean that BTC may face selling pressure.
In the short-term treatment, the lower support is near 27500, and the initial pressure above is near 28500.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers.
There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse.
On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500.
Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market.
On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top.
Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief.
Recommendations for trading BTCUSD:
SELL BTCUSD ( 24.200 - 24.000 )
Stoploss : 24.600
Takeprofit 1 : 22.700
Takeprofit 2 : 21.500
Takeprofit 3 : 21.000
BUY BTCUSD ( 20.800 - 21.000 )
Stoploss : 20.500
Takeprofit 1 : 21.700
Takeprofit 2 : 22.300
Takeprofit 3 : 23.500
Note: Always install TP and SL in all cases
BTC/USD - BITCOIN - Great Buy OpportunityBitcoin hit strong resistance at $25,000 but with all the good news from Hong Kong, China it will break the resistance:
--> On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens.
Entry: $24,650 - $24,700
Take Profit 1: $27,000
Take Profit 2: $29,000
Stop Loss: $23,000
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BTCUSD 30m Short sellingHello guys,
This is a very urgent trade. What are we going to see today is Bitcoin. COINBASE:BTCUSD is coming very fast to continue its resistance level . So speed is very important in this. This is an opportunity to short sell .
Trade safe!
Thanks & Regards,
Alpha Trading Station
Bitcoin PA since 2009 has made a special ArcMuch of the description is in the chart But, since Oct 2009 to the present day, Bitcoin PA has effectively be confined by a "618" Fibonacci Arc, which is part of a Fibonacci spiral.
But what is more interesting is how it would look like PA has risen above that arc for the first time ever
As we can see, the Arc was flattening out, PA had to react or, to follow the Arc, would make PA follow the Spiral DOWN
So is this the start of a new cycle ?
The Very oversolf Monthly MACD certainly points towards a ppush up on the way
The figures used in the Calculations are subject to a % of tolerance of inaccuracy but, when I have more time, I will dive in deeper.
But simply, as you can see, there are 4 stages, each with a % increase, and they have been getting smaller, which has led to the PA curve beginning to flatten out.
Of course, this is a LOG chart, this does not work on a Linear chart
I am happy to discuss this, I welcome people View and Idea on this..as...well..If this is end of cycle, we need to figure out where we are going NEXT
This is just an idea and by no means a prediction
Bitcoin forecast and signalPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
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Related and last Idea fore Bitcoin
Bitcoin vs Tether | BTCUSDT
BTCUSD Aug W.4: Long-term trend alert!Hi friends, I hope the week is unfolding for y'all as planned ;)
Today, we've got another possible long-term trade signal. These trades signals are only derived from this timeframe (Weekly). The monthly doesn't fully support them, and that makes the trades highly risky. I feel like the price won't drop to the last target. I think it will reverse on the 3rd Weekly Key Lvl to form the monthly's double top accumulation phase that will either retest the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages to fully confirm the bearish signal or break the key levels to trigger a bullish long-term trend signal. This is what I'm talking about:
Furthermore, as you can see on the chart, the price might continue to drop to the Monthly Support after bearish breaking and retesting the 2nd Monthly Key Lvl. That will half confirm the weekly's signals. Speaking about the weekly, let us take a look at how the bulls and bears might behave in triggering our trades and disconfirming them before or during the trade.
Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline and 8 moving average, that will be our first dis-confirmation. It will likely lead the price to rally for the 2nd Weekly Key Lvl and 21 moving average for our 2nd disconfirmation. We will exploit that trend because it will be the monthly's counter-trend signal that will be anticipating the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages that expect retests.
Bears: -If the price bullish spikes or retests the Mini Weekly Neckline and the 8 moving average with a bearish candle formation or close (1st trade signal) that leads the price to bearish break and retest the 1st Monthly Key Lvl either on the current or lower time frame (2nd trade signal), that will fully confirm our trades and I call or grade these type of trades a "H&S C-E.1 signal".
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.