BTCUSDT hit daily support and trading around itThe price has hit the daily support and went down the support but on daily basis I expect this support to hold. That means a long is favorable here. Lets try this long with the target of 27049.
Btcusdtidea
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
switched my main scenario that we're in ending diagonal and now forming only wave of 2 of v.
I Expect growth from current price(yellow marker) or through one more decline in 25-24k zone(orange marker).
Main target zone: 33 - 36k
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
BTCUSDT bounced off 4h support and may head to 4h resistanceThe price has hit the 4h support as marked on the chart and the support doing its job. The price has bounced from that support and currently trading at support resistance which also acted as a brief support during fall. The price may head for 4h resistance zone again.
BTCUSDT likely to head to next 4h resistance at 27400Yesterday the price hit the 4h resistance zone upon the bounce and was held back by this resistance. Since then it is consolidating under that resistance and likely to break it soon. The next resistance lies at 27400 zone which would be the target of the long trade which seems to be favorable right now.
BITCOIN range and correction before more gain 📖💡Hello 🐋
based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡
for
any other huge pump, we need more correction to the downside 💡📖
if
the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖
but
if
breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡
range candlesticks to the upside and downside before any other sharp movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Bitcoin is ready to fall and only need to confirm the pattern.At the moment I am analyzing, Bitcoin has not yet confirmed the Head and Shoulder pattern and has not started its downtrend. Confirmation of this pattern is needed to break the pink trend line and pull it back. And then after the pullback, it will quickly reach two profit levels of $25,088 or $24,550, one of which is the collision of the price with the blue trend line, and the other is a drop due to the completion of the head and shoulder pattern. After the first profit limit, if Bitcoin continues to fall, it will reach the second and maybe third profit limit, which I do not think will happen. Good luck
BTCUSDT likely to head for 28900This trade idea got triggered. Its a long shot but feels like its worth trying. I believe price is going to be higher from here. This was again a nice retrace to fill the long I was waiting for. Lets see where we go from here. I am targeting 28900.
Bitcoin showing a low risk opportunity2h time frame
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Bitcoin dumping rapidly and creating a descending wedge currently.
We can set SL a little bit lower than previous(26700), and aim at 30800 if this pattern continues to work.
This trade has great RR, do not miss it!
BTCUSDT seems to be getting ready for major up moveThis dip provided a nice long opportunity. It is difficult to post on time when the price moves so fast. But 26906 was a good level to long. And the price has already moved more than 1.5%. Did not mention that level in earlier posts as did not expect this to go there so quick. But anyways, I think this drop opens the path for more upside. There will some retrace now and might sweep that low, but I believe the next bigger move is to the upside. But lets monitor the price action a bit more to understand a bit more about the probability of the future path the price will take.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Nothing has changed from my last idea.
Long confirmation - consolidation above dynamic resistance (white line on top) Then the target will be 33-36k.
Confirmation of the fall - breaking through 27k, then we go to the +-25k zone, there we will need to look at the structure of the fall and make some decision
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTCUSDT likely to head down to 28560This is a short opportunity in my opinion. The price may go back to the level from where it bounced around 4HS1 level. But lets target 28560 first.
BTCUSDT at 4h support, long favorable towards 29400The price has hit the 4h support area 4HS1. I think a long is favorable here. It is a bit of risky trade so small size with small stop loss range. Target should be 29400.
BTCUSDT likely to head to 29800 and aboveIt seems price would like to hit the top of the weekly resistance zone which is around 30000. Likely that a long is favorable here. I am in a long trade here targeting 29800.
BTCUSDT at 4h support, likely to head to daily resistance againSo the price did hit the daily resistance as mentioned in the last post, however, could not breach it. The price has now fell down to 4HS2 level which is another long opportunity. Lets try this long from that support to the daily resistance.
BTCUSDT trading under daily and weekly resistanceThe price again hit the daily resistance overnight but got pushed down again and it is trading again below that resistance. But there is more case for the price to push up through the resistance rather than breaking down. I will observe it for while and then post a trade setup.
BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
I expect continuation of growth from current price or through ~25k zone
(I sold my BTC from 18k and right now out of pos)
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTCUSDT likely to move up and a long favorable with target 29396The price finally reached around the 4h support zone. This area is also the consolidation zone before the move beyond 30k. A long is favorable here. If the uptrend is still alive for BTCUSDT, this could also be a good entry for a swing trade. But for now let us target the 29396 level.
BTCUSDT +142.4% roe Short position (Perfect trading idea)More of my trade reviews are in my profile
For everyone who has studied all my trade reviews and updates. We reach our next goal in the SHORT position.
Congratulations friends. Below, you can study the complete trading history.
BTC: Continue to go long, pay attention to 23K
Last week, the economic data released by the United States was mixed, and the US dollar entered a period of volatile pullback. The monthly rate of durable goods orders in January recorded -4.5%, worse than the expected -4%, the largest decline since April 2020. The February ISM manufacturing PMI recorded 47.7, lower than the expected 48; However, the ISM service index recorded 55.1, stronger than the expected 54.5. Both PMIs suggest that US inflation may be more sticky than expected, which may support the future prospects of the US dollar's trend, but in fact, the US dollar index recorded a drop of nearly 0.7% last week.
Although from the perspective of the US dollar and risk appetite, the price trend of Bitcoin (BTC) should have been boosted last week, unfortunately, there was negative news in the crypto circle last week. According to reports, the cryptocurrency bank Silvergate announced that it will delay the submission of its annual 10-K report for the 2022 fiscal year. Silvergate stated that "the company is currently analyzing certain regulatory inquiries and investigations related to the company." Immediately afterwards, many cryptocurrency companies and cryptocurrency trading platforms such as Coinbase, Circle, and Tether urgently announced the termination of business dealings with it. The news caused panic in the crypto circle and put pressure on the price trend of Bitcoin.
The daily chart shows that the price of Bitcoin (BTC) fell sharply last Friday, breaking through the range of 23,000 to 24,000. It is currently holding steady near the upward support line of 22,000, which started on January 18, and there may be an opportunity for rebound correction in the trend. If it goes up, the initial resistance will focus on 23,000, and further up, the resistance will focus on the 20-day moving average range of 23,600 to 24,000. Continuing to break through will win the opportunity to challenge 25,000 again.
Personal trading strategy: Enter the long position at 22,000-22,400, with the first target at 23,000 and the second target at 23,600.
However, if it effectively falls below 22,000, it may usher in greater downside space, further down to 21,500 and 20,000. Therefore, it is necessary to set stop-loss strictly, and stop-loss promptly when breaking through the support. I will also continue to pay attention to changes in the market and give the latest strategies, please continue to pay attention.
BTCUSDT at hourly support and may bounce at least till 29800This drop has brought the price again to the previous hourly support. The price last time bounce from here to reach the daily resistance. I believe this support will again produce a bounce at least till 29800 level. The long is favorable with a target to 29800 here.
BTCUSDT likely to bounce here till 29878The price is bouncing from hourly support. Not so strong but given the condition, I think it can produce desired bounce for a long trade. The target for this long is 29878.
BTCUSDT to head for 30836 from the daily support at 30236The price has retraced to a level around the start of the daily support zone and will bounce back. A long is favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
BTCUSDT to head towards 30836 at least from daily supportThe price will retrace to a level around the start of the daily support zone and will bounce back. A long will be favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
