BTCUSDT at daily support, may bounce to 30636The price dropped from 4h resistance 4HR2, which was our target for last long trade, to the daily support zone DS1. The price bounced from there only to revisit this support again. I think a long is suitable and favorable from this support zone again. I expect the price to again move towards 4h resistance zone 4HR1. That should be our target for this long trade.
Btcusdtidea
BTCUSDT at 4h support, long it to 31166-31236The price has retraced from the 4h resistance zone 4HR1. Now it has hit the 4h support zone 4HS1. This can be our entry for the long trade. I expect the price to break 4h resistance 4HR1 on this attempt. Therefore lets target 4h resistance zone 4HR2 for this long trade. This resistance sits around 31166-31236.
BTCUSDT close to daily support, likely to bounce to 30636-30736The price moved according to out expectation for the last trade we took a few days ago. It did not quite reach the resistance zone target but came quite close to it. I could not provide any update after that as I was traveling. The price came back and hit the daily support which was again a level to go long. The price bounced from there and came back again when pushed down by newly formed 4h resistance zone 4HR1. The price again bounced to 4h resistance zone 4HR1 to meet the same fate. Currently the price is again heading towards daily support DS1 and likely to hit it quite soon. I think a long should be favorable again from there towards the 4h resistance 4HR1. Do you think this will work out again like other bounces from DS1 zone?
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* Here we can see clearly the next potential move for Bitcoin coming hours.
* Baring in mind this is going to be a QUICK SCALPING BUY MOVE.
* Before Reversal Happening SOON.
* EP(BUY): 30831.25
* TP: 31290.23
* SL: 30493.42
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BTCUSDT may head up towards 30633 zoneThe price is trading at LTF support. I think a long is favorable here towards 30633 area. The price is trading broke through the weekly resistance WR2 but came back inside the resistance zone and currently trading inside it. However, it seems the price is now ready to make another push upward at least towards the recent high it made.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 options on the chart
now a rollback to the 27k area is likely (to retest the broken channel),
Fixing BTC above 30k will send the price to the 35k area.
Return under 26k - let's go test the 23k zone
In any case main target zone: 34-36k
SL: depending of ur risk
Good luck everyone!
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It's not financial advice.
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BTCUSDT at weekly resistance, may experience pull backThe price broke the daily resistance and moved up to weekly and daily resistance confluence. It is currently trading in that zone and facing this resistance. This resistance is a bit tough one as this level has been historically resisted or held the price on several occasions. The probability says, the price shall experience a pull back here.
BTCUSDT ready to head up towards daily resistance 27066-27236Analysis: LTF
The last long trade idea almost reached to the target but did not quite hit it. I think the price action is suggesting another long opportunity with a target towards the daily resistance this time. The price has been consolidating for long in this range between 4 resistance 4HR1 and 4h support 4HS1. The price action has been very slow with very low volatility. And soon it might be ready for the upward move. The target as mentioned in the daily resistance around 27066-27236.
BTCUSDT may hit daily resistance and then pullbackThe price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to take the trade.
Bitcoin: Time to rise again!Hi everyone,
Bitcoin started growing after a big correction. Now, it breaks the price range 24-25K which was a resistance. Bitcoin is currently making a pull back to this price and started to rise to the target that is shown in the chart. This is a short-term target, for long-term stay connected!
Note: if the support zone breaks, be careful and wait!
What do you think? Share your opinion below!
BTCUSDT close to daily support, long term long is favorable hereThe price has come close to the daily support zone which we talked for HTF analysis on the first drop on 5th June. The price is still a bit short of touching the daily support. So it might dip one more time to hit it formally. But lets see.
BTCUSDT likely to head up to 26396The price has been consolidating in this range for a while. It is trading between the daily resistance and daily support zones. Currently the price seems to be heading towards daily resistance 1DR1 which is sitting around the zone 26330-26469. A long is favorable here with the target of 26396.
BTCUSDT Analysis for taking Positionsi did BTCUSDT Analysis on 1D 4H and 1H TF!
i have clearly mentioned the exact Entry and Exit positions for Long and Short.
Do watch for volume and i don't believe in indicators only price action & volume is the key!
These both positions are strong to enter and take profits.
BTCUSDT Analysis on 1D 4H & 1H time frame ⏰.
The blue line is 24H TF TRENDLINE!
STOPLOSS IS MUST!
THIS IS NOT A FINANCIAL ADVICE. JUST SHARING MY IDEA WITH YOU GUYS.
Trade safe. :)
BTCUSDT likely to visit daily support around 24296-24696That was a significant drop. It has broken all the low time frame support levels and now likely to head for the next daily support. It seems the path is very clear for the BTCUSDT to move to daily support zone around 24296-24696. The price hitting that support would give a very good long opportunity as there will be enough liquidity to move the price significantly upward.