Get started

Btcusdsignals

BITCOIN Mega Global Liquidity Buy Signal triggered!Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles), Bitcoin was accumulating and shortly after started the parabolic rally phase (green ellipse). This is basically one of the most consistent long-term buy signals you can get in the market. Are you really willing to bet against the market on this one? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
BITCOIN 1st green week after 4 red! Have we finally bottomed??Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left). As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends to the new Bullish Leg (green) when then first 1W candle is formed (circles). The previous (2) Higher Highs have been priced around the 2.786 Fibonacci extension, so the Channel's top and the Fib extension give us a projected Target Zone of $100k - $120k by the start of August. Even on the lower 1D time-frame (chart on the right), we have the strongest possible bullish break-out confirmation as after BTC held the 1W MA20 (red trend-line) and rebounded, its 1D RSI broke above its Lower Highs trend-line and the following day the price itself broke above its own Lower Highs. This creates the probability for an Inverse Head and Shoulders pattern (IH&S), which technically targets the 2.0 Fibonacci extension level ($78000). The only confirmation left to make is to close above the 1D MA50 (blue trend-line), which provided the last strong rejection on April 23. So what do you think? Is this the start of a new strong rally for Bitcoin and if yes what target are you pursuing yourself? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BITCOIN testing the 1W MA20, most consistent Bull Cycle Support!Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles. On this 1W time-frame analysis, you can see why that is. In the past 3 Cycles, this level broke and had 1W candles closing below it only 3 times. None during the 2015 - 2017 run, twice during 2019 - 2021 (one for correcting the Libra euphoria and the other the COVID flash crash) and one during the current 2023 - 2024 run (August - October). As a result, this is technically the strongest Support that Bitcoin can meet before the ultimate 1W MA50 that is only closed below when the Bear Cycle starts. On top of the above, you can see the 1W CCI testing the top of its Bull Cycle Support Zone (green circle), resembling the tests of September 07 2020 and March 20 2017, both being the most optimal buy entries before the Parabolic Rallies begun. But what do you think? Will Bitcoin rebound on this critical 1W MA20 Support or close below it for the 4th time in 11 years?? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
(BTCUSD) needs positive momentumThe largest cryptocurrency in the world recorded its highest levels ever Expected scenario: continuation of the upward trend Bitcoin (BTCUSD) price trading stabilizes around the 70200 level after the rise it witnessed yesterday, and we notice that the Stochastic indicator is showing negative signs that hinder the price’s mission to continue rising, waiting to gather positive momentum that will contribute to pushing the price to resume the upward wave that targets the 73700 level as the next main station. We will continue to favor the upward trend for the coming period, relying on the positive effect of the previously completed double bottom pattern, while recalling the importance of stability above 68200 as a first condition for the continuation of the expected upward wave. The largest cryptocurrency in the world recorded its highest levels ever The prices of the digital currency "Bitcoin" fell during trading on Friday as part of a process of breathing and profit-taking, and under the pressure of the continued rise in the levels of the US dollar ahead of the release of important economic data from the United States. The largest cryptocurrency in the world, “Bitcoin,” provided the best quarterly performance in a year during the first quarter of this year, and recorded earlier in March trading its highest levels ever, thanks to financial flows linked to funds traded on American stock exchanges. Throughout the trading of the first quarter of this year, which officially ends at settlement today, next Sunday, Bitcoin prices have so far risen by more than 65%, on the verge of achieving the second quarterly gain in a row, and the largest quarterly gain since the first quarter of last year. . On Thursday, March 14, the largest cryptocurrency in the world recorded its highest levels ever at $73,794, thanks to record flows into the market and successive regulatory approvals in most parts of the world, and after Micro Strategy announced the second largest A purchase you have been making since you started owning Bitcoin approximately four years ago
BITSTAMP:BTCUSD
by Evar_Mayi
4
BITCOIN Bottom of the 6-month Megaphone. Will it hold?Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as those of February - March 2024 and October - December 2023 (blue ellipses). As you can see, each Higher High on the Megaphone pattern has been proportionally higher, the first hit the 2.0 Fibonacci extension, the second hit the 2.618 Fibonacci extension, which is natural for Megaphones. As a result, if the pattern continues, reaching the all important psychological target of $100000 seems more than plausible as it sits just above the 2.0 Fib extension, where based on the pattern it can even reach the 3.0 Fib (127k). But what do you think? Will the Megaphone's bottom hold and push BTC to 100k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BTCUSD Bullish Robbery Plan to make moneyDear Robbers, This is our Day Trade master plan to Heist Bullish side of BTCUSD Bank. My dear Robbers U can enter at the any point above my entry area, The Heist was started at the Moving average Push. Our target is Red Zone that zone is TIGER area Be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday with my master Plan.
KRAKEN:BTCUSDLong
by Thief_Trader
2
BITCOIN Sellers seem fully confident again. TIME TO BUY?Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact if anything, this is the time to add more quarterly buy positions. The reason is shown on this 1W chart. Compared to the 2014/ 2017 Cycle, Bitcoin has formed the exact Bull Flag that is currently in 5 times until its eventual top. Each time the Flag bottomed after breaking the 1D MA100 but never touched the 1W MA50 (blue trend-line) until the end of the Bull Cycle. Of course the (green) Ichimoku Cloud also supported below all the way to the top. It is interesting to also notice the 1W RSI sequence between the two Cycles. Both started with a Channel Up, which in the case of 2014/ 2017 it evolved into a Rectangle for the 2nd part of the Bull Cycle, with the price ranging from ovebrought (85.00 - 90.00) to borderline neutral (55.00). Currently the RSI is attempting to breach the Channel Up, thus flashing resemblances with the March 13-20 2017. But what do you think? Is this the time to buy BTC again on a Bull Cycle basis or the narrative will be broken and it will test the 1W MA50? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
26
BITCOIN First red month after 7 straight green. How bad is it?Bitcoin (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming? Actually not. Sole 1 month red candles is quite common for BTC during its Bull Cycles and as we see on this chart, historically it tends to display mostly single 1M red candles and in some cases 2 straight red. Only once we've had 3 straight red months during a Bull Cycle and that was on September 2019 but it was when Bitcoin was correcting the abnormal very early rise following the Libra euphoria. More specifically, when Bitcoin got past each Cycle's Halving, which is the position chronologically we're currently at, it has displayed single red candles 5 times and double 2 times. It is easy to understand that these short monthly corrections are a necessary part to Bitcoin's Bull Cycle especially as we get closer to the final and more aggressive part of the Cycle, which is the parabolic rally. It is more likely that we will experience a green June and if anything a streak of green monthly candles to follow. If June is red too, we should then experience at least 4 straight green months as it happened on December 2016. In any case it appears that buying now on this red monthly closing is as good of a level as any as BTC prepares for the final parabolic rally of the Cycle. As a sidenote, have a look at the 1M RSI, which after getting highly overbought on March (above 77.00), dived now back below the 70.00 barrier. This pull-back has more in common with RSI pull-backs like September 2020, March 2017, October 2012, than any other red 1M sequences. This confirms that the parabolic rally is just around the corner. But what do you think? Are you expecting April to be the last red month in a while? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
BTCUSD BULL FLAG TO 80K$Hello Traders As I can see BTC is now trading above the 60K$ after hit ATH and i CAN SEE A BULL FLAG HERE !!! If price does not break given Stop Loss level, then it can create a big move so don't miss it its a very low risk-based entry and higher rewards Friends Supply and Demand is issue now with BTC price it had HIT ATH and now retrace more then 14000$ its time to buy Halving did not creat any panic selling pressure as it had created in previous halving because its not 2010 or 2011 world now knows BTC is best asset which will kill inflation and its a Digital Gold many more things is there for bullish in BTC we are long term Bulls on BTC but these levels are important Its just a Trade Idea Share Ur thoughts with us it help many other traders
BITSTAMP:BTCUSDLong
by APEX_TRADING_ACADMEY
1
BITCOIN Bollinger Squeeze attracting Bulls for 100k and above!Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call. The trend since the November 2022 bottom has been parabolic (green parabola) and thus is most efficiently displayed by the use of the Fibonacci Channel extension levels. After breaking above the 1.0 Fib on the February 12 2024 candle, the recent All Time High (ATH) in mid March 2024 broke even above the 1.5 Fib. Technically on the new Bullish Leg that is about to start after the current squeeze attracts as many buyers as possible, we should reach at least (most likely even break it) the 2.0 Fib. $110000 is a very realistic target under these conditions and we shouldn't neglect to mention also the BB Width (BBW) consolidating on its bottom, which again is related to high bullish activity and accumulation when performed on the BB green line. But what do you think? Is this squeeze about to make bulls accumulate and break aggressively to the upside? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8
BTC. Levels for intraday trading for the weekend 27-28.04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
BINANCE:BTCUSD
by Forex_Hoby
BITCOIN This is where historically the fun begins.Bitcoin (BTCUSD) has successfully tested and held the Mayer Multiple (MM) Mean (red trend-line) and is now consolidating. As you can see by the green arrows, this is the point where historically the most aggressive part of the Bull Cycle begins, as even in the occasions where the MM Mean broke marginally (July 2013), the rebound that followed was even more impressive and strong. We can actually get a progression out of those sequences as if we measure the Fibonacci extensions from the MM Mean's Low and the High before it, we can see that Cycle 1 peaked marginally above Fib 2.0, Cycle 2 was +2 Cycle 1's Fib i.e. 4.0 and Cycle 3 was +2 Cycle 2's Fib i.e. 6.0. We can assume, of course always with the relative degree of uncertainty that Cycle 4 might be +2 Fib more of Cycle 3's Fib i.e. 6.0 + 2.0 = 8.0. Unrealistic or not, that gives us a $300000 projection and is undeniably technical as those are the exact High-to-Low measurements at the time it touched the MM Mean. But what do you think? Is it possible for BTC to peak at such a high level on this Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
BITCOIN Can it hit $110k this Summer?Bitcoin (BTCUSD) hit yesterday its 1D MA50 (blue trend-line) to test it as a Resistance following the bearish break-out last week but got rejected. This is a discouraging sign short-term for any bullish attempt but it very consistent with all previous bottoms since the November 21 2022 market bottom. ** The 0.382 Fibonacci ** As you can see, all major rallies since that date pulled-back and found enough Support on the 0.382 Fibonacci retracement level exactly. Then once they closed a 1D candle above the 1D MA50, the new Bullish Leg was confirmed. On both bullish sequences, the top was priced on the -1.0 Fibonacci extension exactly. The above conditions indicate extremely high symmetry and consistency on this pattern. ** The MACD Bullish Cross ** At the same time, the emergence of a 1D MACD Bullish Cross came right after the bottom. Today BTC is about to complete such Bullish Cross. In fact since the November 2022 bottom only 1 out of 6 MACD Bullish Crosses failed to deliver a new High shortly (May 27 2023) and still this was insignificant as BTC formed another that broke above the 1D MA50 only 20 days later. ** 110k this Summer? ** It is therefore obvious that the last condition that needs to be fulfilled in order to have a legitimate case for a new Bullish Leg, is for Bitcoin to close a 1D candle above the 1D MA50. When it does, the next most likely Target according to this model, i.e. the -1.0 Fibonacci extension, is $110000. Unrealistic as it may seem, this Target wouldn't just hit Fib -1.0 on the horizontal but also the top of the (blue) Channel Up and the 2.0 Fibonacci Channel extension. And all this is possible by the end of this Summer. Do you think this is a legitimate price to expect this soon that high? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
BITCOIN Is an aggressive break-out imminent?Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to be just a stepping stone before the most aggressive phase, the non-stop rally that drives the Cycle to its peak. The 3W LMACD indicates that the market is proportionally on that exact same level that it normally is when it tests the prior ATH, before it breaks it. With the LMACD trading within a Channel Down since the very beginning, this test happens when it hits the 0.618 Fibonacci Channel level. When the LMACD's blue line starts approaching the 0.786 level, this is when BTC closes above its ATH and starts rallying strongly (blue circle). The final part of this phase is the peak formation (red Rectangle) and it happes when the LACD approaches the top of the Channel and reverses before it makes a Bearish Cross. We estimate this to take place within the (admittedly) wide range of 150000 - 300000, depending on market conditions and relevant global demand from ETFs. But what do you think? Do you expect Bitcoin to rise parabolically if it closes above the ATH level? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BTC Halving only few hours away! Youre NOT READY for this rally!Bitcoin (BTCUSD) is less than a day (only a few hours) away from the new Halving and naturally all eyes are on this historic event, the 4th in succession. We all know the fundamental specifics and how a -50% less Supply can drive the price higher as long as Demand stays intact. What people may not know (or may not be able to comprehend) is the pure magnitude of the rally that is about to begin in the next few weeks. Let's put all into technical context in order to understand just how high BTC can go. ** Fibonacci Channel and Mayer Multiple Bands ** We are all familiar with the Channel Up that started on the December 2017 High. With some variations, it has been so far very consistent. The application of the Fibonacci Channel retracement levels and the Mayer Multiple Bands, helps us get a good understand of the relative position we might be at compared to the previous Cycle. ** Have we been here before? ** As you can see, BTC has been consolidating since the March 04 1W candle within the 0.382 - 0.5 Fibonacci Channel range. At the same time, the Mayer Multiple Standard Deviation Upper 1 level (grey line) is supporting, in fact it was touched this week. The is a similar price action amoung the exact same levels we had from November 16 to December 07 2020. Interestingly enough, the 1W CCI sequences that preceded this between the two fractals, are also similar. ** How high can we go? ** As for how high the Cycle can rise to? The previous Cycle peaked on the 1.618 Fibonacci extension (from the previous High to the bottom). The same specification gives us $170000. But besides the 1.618, the price reached the top of the Channel Up and the MM STD Upper 2 (orange line), making a rise from the consolidation's low of +300%. If this happens again, BTC can even reach $240000. This is far from an unrealistic range projection, $170k - $240k, for the Cycle High. But what do you think? Will we fall somewhere between or higher/ lower? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
9
BTCUSD Bullish Momentum Anticipated from Key Support LevelBTCUSD is currently exhibiting a Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by distinct price swings that form geometric structures. As per our analysis, the pattern is nearing completion, with Point D aligning with a crucial support level. Trendline Analysis: In conjunction with the Harmonic Pattern, a trendline has been identified, further reinforcing our bullish outlook. The convergence of the Harmonic Pattern and the trendline at Point D enhances the significance of this level as a potential entry point. Trade Setup: Entry: Long position entry is recommended at 64690, reflecting our anticipation of a bullish momentum shift from Point D. Stop Loss: To mitigate downside risk, a stop loss is advised at 59600, safeguarding against unexpected market fluctuations. Profit Targets: We have identified multiple profit-taking levels to capitalize on potential upward price movements: TP-1: 69760 TP-2: 74834 TP-3: 79870 Rationale: The technical setup indicates a favorable risk-reward ratio, with Point D coinciding with a key support level and the formation of a Harmonic Pattern. This, coupled with the establishment of a trendline, strengthens the bullish bias. Conclusion: In summary, based on the analysis of the Harmonic Pattern formation and trendline dynamics, we advocate for a long position in BTCUSD with an entry at 64690 and stop loss at 59600. Profit targets are set at 69760, 74834, and 79870, reflecting our expectation of a bullish trend continuation from Point D. As always, prudent risk management is advised to navigate market volatility effectively.
BINANCE:BTCUSDLong
by trading_jupiter
BTC NEW BUYING ZONE FOR ATH TILL 80K$HELLO TRADERS As I can see #BTC is now trading @ 70K$ time of posting this trade idea we are expecting BTC can make a new all-time any time before Halving Friends its trading now above a local trend line and holding above 70k$ which is a support now we are buying from 64K$ as you can see our pervious posted analysis risk reward ratio is great on this trade there is many fundamental reasons behind this trade it's just a trade idea show Ur thoughts with us Stay Tuned for more updates!
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
BITCOIN Is this simply a big Bull Flag?Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before new Highs. As BTC is approaching the 1D MA100 (green trend-line), it is important to know that the last time it did was on January 23 and it held it as Support, closing the 1D candle above it. Technically that is the tolerance limit, in order to the uptrend to stay valid with low entry buyers. The January 23 Low initiated a rebound that peaked marginally above the 2.618 Fibonacci extension, the March 14 High. If the same pattern is repeated, we can see $95000 by June. How probable do you think that is? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
11