Btcusdtperpetual
Bitcoin Target is 25.1K After Losing Bear Flag.More Sell To ComeBitcoin Exited The Bear Flag and consolidating below its support line. If we lose it there could be a price dump to the range of $23,800 to $25,100.
It could also have a small pull back up to 27.4 before losing the bear flag (jebaiting more long position)
Moved some trendlines and levels.
Thank you all for the support Comments,Follows,Boosts and sharing it with others
BTC Outlook - swing tradeDear all, since my projection indicated that BTC would bounce back at the 26100 area, the reality is that BTC has already bounced back in the range of 26300. In this range, we have observed a swap reaction to the previous demand, but the seller pressure was not as strong as expected, and buyers were unable to create a significant long wick. From this, we can deduce that sellers are entering gradually, potentially aiming for a further downward target in the range of 25500 - 25300.
Currently, we can see that BTC has the potential to undergo a correction by forming a 5-wave downtrend and establishing a channel.
Therefore, the best action plan is to consider placing a long order in the range of 25500 - 25300 and a short order in the range of 28000 - 28300.
We simply need to respond to the signals provided by the market.
The BTC swing trading range is as follows:
28250 (High)
25300 (Low)
MarketUpdates Bitcoin support is 23500#MarketUpdates #Bitcoin support is 23500 while resistance is 25200. #Bitcoin has performed well since yesterday while more alts have also strengthened their support. 25200 has become a tough resistance for Bitcoin (but may cross). When the resistance of 25200 is crossed successfully. So we may see a #bullish spike in the overall market.
BITCOIN BACK TO $20KI have a habit of deleting my drawings and re-drawing them every other day to get a fresh perspective on the charts. Personally, it helps me stay disciplined and less biased as re-charting can help show new perspectives I otherwise may miss due to the clutter from the previously drawn lines and indicators.
Today, as I redrew, I wanted to make some predictions for possible Price Action (PA). As I was doing this, I stumbled upon an interesting and feasible scenario that ends up with $BTC above $20k.
I started out with the usual marking of support (demand) and resistance (supply) zones starting from Monthly, to Weekly, to Daily. As there have been much heavier consolidations and lesser volume or volatility as of late, I don't rely on the H4 timeframe as much anymore since the PA tends to just extend consolidations.
I noticed the beautiful chart of $BTC USDT PERP on the Daily. Imbalances have been getting filled, inequalities are being matched, and fib was being respected. With fib playing nicely, I decided to draw an Elliott Wave.
After reviewing the Elliott Wave rules, and matching with personal experience, I was able to draw highly likely scenario, where Wave 5 ends at -61.8% or about $20.2k
Feel free to reach out to discuss this idea.
BTCUSDT - it is not worth open short position on the minimumIf you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
your friends.
btcustd shortHello friends, this is my opinion until the price goes out of the rectangle, of course, the monthly Fibonacci shows the level of 0.618 on the price of 10800, which is the first period, but it is not impossible, and until the price goes out of this rectangle, a definitive opinion cannot be given.... friend I want to see your friends' comments in the comments of this analysis. Thank you
BTCUSDTPERP - Long positionContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis BTCUSDTPERP. As you can see after the sideway from Nov 10 until now, BTC holds the price range of 15k6 - 17k5. And from Dec 15 until now, the price is going down with the volume going down as well, is this the signal of low volume failed sales? Which plan do you prefer, orange or red? Personally, I'm following the orange plan. Can you share yours?
Which coins/tokens that you want me to do the next analysis?
As usual, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
BTC short TradingplanHi @everone,
i Added on top of previous chart i would like to share some pattern wavecouts on top of it.
rule nr 1 : never short at a potential wave D ( this is often a huge trap) same for an falling wedge, its exact the opposite.
rule nr 2 : now how to count your waves, you want to spot a 5 wave structure with higher highs and higher lows with an apex wich is declining. the first wave needs to be inpulsive and may not made an lower low. This would inval your wave count for an wedge.
rule nr 3 : ONLY enter if you spotted an valid wave E with some bearish divergence on top of it!
Everyone nows what is an wedge..
But almost no one seems to knows how to really trade them.
Enjoy your new set of rules,
If u found this valueble please put your comment below, Thanks!
Goodluck,
Team Quantistic
💥Bitcoin to rise to $20k before a dump below $15k#BITCOIN (UPDATE)
Clearly shown on the chart is bearish breakout from the trendline support and a pullback in play. When the pullback is complete, then another drop below $15,000
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
#BTC break down this bearish pennant pattern!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
BTC break down this bearish pennant pattern
What is a bearish pennant?
A bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They’re essentially the opposite of bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
When technical traders spot a bearish flag pennant, they take it as a sign that the downward price move is going to continue once the market breaks below its support line. Like their counterpart, bearish pennants can occur over any time frame.
Currently retesting it. According to this pattern, we can drop 27% from here.
Bulls need to invalidate the pattern
Stay tuned. I will keep updating.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Will BTC continue the downward movement?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
#BTC is trading inside this descending channel, and as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal BTC needs to break out of this channel.
BTC is forming this descending triangle pattern since 145D, as we know this is a bearish pattern, but to conform to any move we need a breakout or breakdown of this pattern.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#Bitcoin Current Update ( Daily Time Frame ) Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you