BTC completes short-term TP, be wary of the risk of falling back🔥The market successfully reached the ideal TP zone as expected. We locked in 50% of the profit from the original trading strategy and strictly implemented the trading strategy. The yield increased to 1158%. Congratulations to the friends who followed Wolf King to print money.💰🍻
🧠From the daily level, the current overall direction shows a bullish trend, which is a rebound after the daily level correction. Since the liquidity pool below has been swept and sufficient liquidity has been collected, the probability of continuing to fall below the previous low becomes extremely small. Therefore, the next trend will most likely tend to oscillate sideways.➡️➡️➡️📈
➡️From the hourly level, we have achieved the goal of the short-term long structure, so there is an expectation of a correction. When it breaks through the resistance line, the liquidity here is swept away, so there is also an expectation of a downward correction, so it is not recommended to chase the rise here. The best situation is to go long after a pullback.✔️
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BTCUSDTPERP
Bitcoin LongTLDR:
I believe that Bitcoin has completed its correction.
I am waiting for a retracement to 40.2K – 40.7K. If Bitcoin retraces to my target area and holds it as support, I will long Bitcoin with the initial target of 43.7K, but it could go as high as 59K.
Correction:
A correction has two aspects: the degree of correction on price and the time the asset spends in a correction.
Regarding price, Bitcoin corrected below the 0.382 Fibonacci retracement, which is the bare minimum. I would have liked to see a deeper correction to the 0.5 retracement to balance the price appreciation. However, it meets the minimum requirements.
From a time perspective, the ratio between the time spent in an uptrend to the time Bitcoin spent in a correction is 1:10, which is insufficient. However, price is king. If the price sends a bullish signal, I will follow the price.
Reaction Off the Low:
I would be grateful if someone would review my count and corroborate it.
1. After reaching the low of 38.55K Bitcoin, Bitcoin reached 40.55K. I consider this a wave
2. From 40.55K, Bitcoin corrected to 39.493K, which is slightly below the 0.5 retracement and meets the requirement of wave 2.
3. From 39.493K, Bitcoin rose to 42.239K, above the 1.272 Fibonacci extension, and meets the minimum required of a wave 3.
4. following the high of 42.239K, Bitcoin retraced to 41.35K, which is below the 0.236 retracement and meets the requirements of wave 4.
5. From 41.35K, Bitcoin rose to 42.836K, which is above the 0.618 extension of waves 1 and 4, which completed the requirements of wave 5.
Retracement:
I expect Bitcoin to retrace in a correction between the 0.5 retracements at 40.7K and the 0.618 retracements at 40.2K. If Bitcoin holds this level as support, then I will enter a long trade.
Trade Idea:
Entry: 40.7K
SL: 40.1K
Target: 43.76K
R: R: 1:5.4 (Low-Risk).
NFA
What do you think? Please share in the comments.
Best Wishes.
📊Where is the ideal short-term TP for #BTC❓➡️I'm glad that everything developed as expected. Yesterday, after I determined the structural form, we increased our position again. Now we have reached near the stage resistance level, so we have locked in 80% of the profit, and the rate of return has reached It achieved 1000%+ of expectations. Congratulations to all the friends who followed Wolf King to print money.💰🚀🌕🍻
🧠At present, we need to observe whether we can reach the TP zone directly. If we cannot reach it directly, we may be rejected near the resistance line. If you reach the TP zone directly, you should also be wary of the risk of a pullback. In short, we cannot continue to chase the rise here.❌
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BTC⇒ let’s check two scenarioshello guys...
the first scenario:
as you can see, this coin also broke up the three drive lines, but the internal line and the last S&D are strong resistances!
the first scenario is the price will touch this area at the same time and is going to do a reaction to that and continue a downward movement, like this analysis I published before:
BTC Update - 25.01.2024 / Short setup4 hour chart:
I am observing the complete nucleation of a downside oof through liquidity withdrawal, rebalancing into FVG zones and internal liquidity withdrawal!
POIs from which to consider continuing shorts on bitokin:
1. From current (High risk but technical factors are all respected, there is rebalancing into 0.5 moves and daily imbalance with ind withdrawal)
2- Imbalance (43927.7 - 45460.2): More justified entry, but not completely sure if price is rebalancing into this POI.
From targets all compression from the lows (37468 - 33224) and monthly FVG as FTA (34076 - 27480)
Still observing patterns to enter, local accumulation phase in the market today!
❗️ Not financial advice, always think with your head
BTC may continue to rise according to the smiley face structure💥Combined with the expectation of rebound, we entered the long market in advance. The current rate of return is close to 400%+. Congratulations to the friends who followed Wolf King to print money.💰🍻
👆As mentioned in the previous post, I expect correction wave B to appear.🙏
🧠The formation of market structure often requires more time and patience. There is currently an opportunity to form a smiley bullish structure here, and if it develops as expected, then our rate of return can be around 1000%+. If it does not develop as expected, then you need to wait patiently for a new structure to appear. If it continues to fall, there is a chance to form a double bottom bullish structure.☕️
Let’s see 👀
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Bitcoin 25/01 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
One more push to 25k then a correction to 21k before takeoffBreaking 23.3k after holding 22.3 fairly well, I believe the market is due for one last push of the little volume (relatively) is left since the surge from 17k towards 25-26.3 and finally a healthy correction back to the lower limit support 19-21.2k.
And then off we go 30k<
Short Term Long TradeAfter making the mid-cycle high of 49K, Bitcoin entered a correction phase.
The price target of this correction could be 37K (Blue angle), but the price could drop as low as 33K (Orange angle). I have two valid Gann angles; both have recently acted as S/R levels. It is impossible to determine which angle will act as the final support level before resuming the bullish trend.
After making the 49K top, Bitcoin corrected more than 21% without making a significant HL. In the coming days, Bitcoin will make a HL. My target is 42.5k, but I will not be surprised if Bitcoin makes it higher, even as high as 45K.
Invalidations:
1. A close below 39.6K (point E in Orange) invalidates this trade Idea.
2. A sustained break above 45K invalidates the correction. However, ultimately, Bitcoin will have to break above 49K to negate my short-term bearish bias.
Trade Idea:
This trade will be active only after a candle closes above 40.2K.
Entry: 40.2K (ChoCh on the 1H).
SL: 39.6K (Candle close below).
Target: 42.5K
TP: 41.8K, 42.5K.
📊#BTC fell sharply after reaching the long-term TP zone. next❓🔔BTC has been very volatile during this period, and the corresponding risk coefficient is also very high. Altcoin has also been greatly affected. Most of the technical forms have failed after the violent fluctuations in BTC. Therefore, we stopped futures trading and waited for the market to return to stability. We mainly focused on spot trading, also to prevent a sharp retracement of profits.
🧠At present, we have achieved the long-term TP zone, so a sharp correction is very reasonable, indicating that the resistance above has reached the threshold. However, the rapid decline did not form an obvious short structure. Combined with the large cycle, it still belongs to the long structure, so we still focus on long positions.
➡️As for the buy zone, we are currently hovering near the 6H buy zone. However, because the daily level adjustment has not appeared, there is an expectation of continued decline. Therefore, the most noteworthy buy zone is the D buy zone.
Let’s see 👀
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#BTC/USDT#BTC
We have a symmetrical triangle within which the price moves
We expect a strong movement, whether up or down
If it closed below the rectangle on a 4-hour frame at the level of 42000
By closing the 4-hour candle below, we will head to the 39,000 to 38,500 level.
If a 4-hour candle closes at the top of the rectangle at the level of 43500 and the close is above The price is expected to reach 46,500 to 47,000
You must follow the close above or below the rectangle to enter the deal
BTC/USDT: Brace Yourself! One More Bullish Move Expected 🚀
Bitcoin's price has been steadily dropping from 48k, leaving traders without any signs of bullish momentum candles. However, this may serve as the opportune moment for a cunning market move. 📉
As fear grips the market, buyers remain cautious about entering at these levels. But don't be fooled! There's a high chance we might witness a fake bullish move 🎢 in the coming days. 🚀
Market makers, notorious for their tricks, could shake the confidence of sellers by aggressively pushing the price up. 📈🙀 Once the market sentiment starts to shift, they could execute their shrewd plan and dump Bitcoin to as low as 35k. 😱 Only time will reveal their true intentions. Let's stay alert and see how things unfold.⌛️
Disclaimer: Remember, this is not financial advice, but rather an analysis of current market conditions. Always conduct thorough research and engage in trades responsibly. 💼💰
Next volatility period: around January 30thHello traders!
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(BTCUSDT chart)
(1W chart)
The HA-High indicator is expected to be created at the 42141.24 point.
Accordingly, the key is whether it can receive support around 42141.24 and rise above 43823.59.
(1D chart)
The key is whether it can receive support around 41350.0 and rise above 42141.24.
If not, and it falls below 39845.44,
1st: 37253.81-38531.90
2nd: 32917.17-34110.32
You need to check if you receive support near the first and second levels above.
The M-Signal indicator and important trend line on the 1W chart are passing near the first section, so it is important to receive support in this section.
It fell below the psychological resistance range of 43160.0-43823.59, falling below the MS-Signal indicator.
And, the MS-Signal indicator has switched to a downward sign.
Accordingly, it has transitioned into a short-term downward trend, but if it receives support around 41350.0 and rises, it is expected that there will be a rebound to convert to an upward trend.
In order for the rebound to turn into an upward trend, the price must be maintained by rising above the MS-Signal indicator.
If it is not supported by the HA-High indicator and falls, there is a high possibility that it will basically touch the HA-Low indicator.
Currently, the RSI indicator has fallen below 50, so if the price falls further, there is a high possibility that a new HA-Low indicator will be created.
It appears that the HA-High indicator on the 1W chart is about to be created at the 42141.24 point, which is a higher point than near the first section where it was expected to be created.
Accordingly, the HA-Low indicator on the 1D chart is also expected to be generated at a higher price than expected.
If the HA-Low indicator appears to be about to be newly created, an important issue is whether support can be obtained in the vicinity.
The next period of volatility is around January 30th.
(4h chart)
However, it is necessary to check which section receives support or resistance after the time indicated on the chart.
The point that forms an important point from a mid- to long-term perspective is the 42283.58 point.
Therefore, the 42283.58 point corresponds to an important volume profile section.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
The fate of crypto in 2024 2023 has been a good year for crypto, and we are nearing the end of the year.
But what will happen in 2024? Will we encounter a bullish market like 2023?
Before drawing conclusions, there are several key levels that you need to know.
If you pay attention, during December Bitcoin tried hard to penetrate 44,376.
This level is very important, because Bitcoin's minor support is getting higher and this support also determines Bitcoin's future fate.
If I zoom out, this minor support comes from the bullish rally, since October.
Will this support last until the halving?
Let's unpack pre-halving history
December 02, 2012 Halving
105 days before the halving, minor support broke and returned to major support. And it happened again 56 days before the halving.
The interesting thing here is, the bullish key level was broken after the halving.
July 02, 2016 Halving
Several times minor support was formed, broke, and return to major support.
Bullish key level broken 176 days after halving
May 03, 2020 Halving
Several times minor support was formed, but failed, and touched major support 52 days before the halving.
Bullish key level broken 161 days since formation.
April 21, 2024 Halving
We are currently 115 days before the halving.
Is the minor support broken and Bitcoin returns to major support before the halving?
By looking at the history of previous halvings, does not rule out the possibility that 2024 will start with a sell-off, Bitcoin will return to major support at the $32,000 level.
🚨Bitcoin is Ready to GO DOWN again🚨🏃♂️Bitcoin is moving in an Ascending channel with a low slope of 4 days .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($43,720-$43,100) 🔴 and near the upper line of the Ascending channel .
🔔I expect Bitcoin to move to the lower line of the ascending channel again and possibly break this channel.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#BTC/USDT Concerning Weekly Overview.As long as $40k holds, we are in good shape. However, in case an unforeseen event unfolds, are you prepared? Do you have the necessary resources?
No one can predict the future with absolute certainty. As traders, our approach should involve readiness for every possible outcome. While buying every dip or selling every top is impractical, preparation keeps us ahead.
I'll be sharing my action plan after the weekly close. The last weekly close displayed concerning High Time Frame (HTF) divergences. If you're interested, be sure to follow for updates.
Currently, my investment portfolio is down by 5-6%, but with 40% in USDT, I have the advantage of buying dips. Regardless of circumstances, the next two years are likely to see an overall uptrend. The key is holding onto the right assets and learning from mistakes made in the past two Bull Runs.
Cheers, WAGMI
#cryptocurrencies
Introduction to one of the basic trading methodsHello traders!
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-------------------------------------
Basic trading method
(How to purchase)
1. Aggressive buying when falling by more than -10%
2-1. Buy when there is an upward trend on the 1D chart (when the price is maintained above the MS-Signal indicator) and when the candle is a downward candle.
2-2. Buy when there is a downward trend on the 1D chart (when the price is maintained below the MS-Signal indicator) and when the candle breaks upward through important support and resistance points.
Therefore, buy when there is a rising candle.
(Selling method)
1. Split sale when it rises by more than +10%
2. Split selling when the high point cannot be renewed
-------------------------------------------------
The basic trading methods introduced above are methods that can be traded even if you are not familiar with chart analysis.
Among these, I will take the time to explain the trading method corresponding to 2-2 of the purchasing method.
You can know the trend based on the MS-Signal indicator on the 1D chart.
Currently, it has fallen below the MS-Signal indicator, and the MS-Signal indicator has been converted to a downward indication.
Therefore, it should be interpreted that there is a high possibility that the current downward trend will continue.
Therefore, in the basic trading method, you should buy when the candle is below the MS-Signal indicator on the 1D chart, that is, when it is in a downtrend.
Therefore, you should buy after confirming that the price breaks above the support and resistance points.
Basically, you can trade using HA-High, HA-Low indicators and box sections.
If you purchased when it fell more than -10% on January 12, you can proceed with a second purchase if it rises above the HA-High indicator.
You can proceed with aggressive buying when the HA-High indicator breaks above the 43450.03 point.
In that case, you will have to sell it in installments when it appears to be rising and then falling.
If you don't like it, you should check for support at 43450.03.
In order to confirm support, it is necessary to check for at least 1-3 days after rising above 43450.03.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
BTC Global overviewBINANCE:BTCUSD
On the weekly chart we have entered the sales zone. Our expectations are to receive a correction into the favorable zone for buying BTC indicated on the chart.
Priority to wait for the end of the correction and set the BTC position in the buy zone 30000$-35000$
P.S (This is not an investment recommendation, this is my personal opinion.)
BTCUSD 17/01Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction " ab " Completed. Consolidation Phase as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line. Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line