Btcusdtrade
Bitcoin Cup and Handle patternThere is little doubt that Bitcoin Has created a Cup and Handle pattern but the real question is, Which do you believe is more accurate.
The LOGARITHMIC chart shown has a measured move to $128K in time ( by end of August if it follows the upper line of resistance since 2017)
The LINEAR chart however only goes to $42400 and probably within the next month or so
For me, I am prone to follow the Linear chart for a number of reasons, the bigger of which is that it ties in with so many other ideas. Confluence is Vital
In time, we Will push higher but I find little to show a New ATH this year , Next year is the Key and 2025 also shows promise
Keeping it simple for now..
Stay safe
Bitcoin, the possibilities #BTC #BTCUSDT #Bitcoin#BTC
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The Bullish & Bearish scenario is around a 10k difference to the upside & a 6k difference to the down side, remember that the market makers will ALWAYS leave at least two options on the table (someone has to loose).
The Bullish scenario would be a move to 43K (Blue B) before a pull back to 20K (Blue C) before commencing a bull run
The Bearish scenario would be a move to 34.4K (White 4) to 14K (White 5) before commencing a bull run
In both cases the bottom of the pink channel looks like it will be a catalyst for a reverse in trend, it just depends on how & when we arrive there.
The only way we will be able to tell which scenario is playing out will be if & when we close a weekly above $36150 as this will signal the invalidation of the White waves.
Time will tell but let me know your thoughts
For BTCUSD Traders..So we have touched into RZ1 (Resistance Zone 1) on BTC Charts.
The fall you are seeing now is down to very early support and clumps of it. Unless you have a large news sentiment break its likely you will rebound at least somewhat via lower TFS.
If, however, you do not want to be buying high you must let the market drag as it always does eventually. Being out of the market is also a form of Trading and it is ok to do this at times to reduce risk.
Any longs taken now at the 'Earliest' zone must be of very small size due to the small dip that has occured.
That's because you should never be trading just based on a desperation of buying into a certain asset as if your life depends on it. This is never the case (unless you are held to ransom at a trading desk) and therefore you should hold off any positions only until you have better prices.
Buying AFTER the top of a rally with a very minor dip is far less advantageous. Remember, the analysis drawn contains the words 'If we get there'. That does not mean we are going to short right now, it just means we are going to hold off Longs. That is OK because you are at daily support.
Trade small and trade safe especially with Crypto Assets like BTC.
BTCUSDT to head at least to 30836 from daily supportThe price will retrace to a level around the start of the daily support zone and will bounce back. A long will be favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
BTCUSDT 4H tf UPDATE & NEXT EXPECTED MOVEbtc currently trade at 29900$.
overall we are waiting for cpi date results.
if cpi date come positive then possible we btc price at 32000$-35000$ in comming days.
so if cpi data come positive and bitcoin touch its local support area 28500$ before cpi data then we open position in longs... and our sell targets we set around 30k$-32k$.
if cpi date come negative then possible we see btc price at 26500$ in comming daye.
on 4h tf indicators : rsi & macd looks bearish but on daily tf btc still looks strong.
follow me for more updates.
BTCUSDT - The long position scenario is completed 30000$ DONEI am currently looking for a corrective short entry point to update 29100 - 27180 - 26020 - 25300
For now, I will stick to my scenario that I described long before it happened!
I hope my trading charts benefit you as well as my positions on this platform.
My long position is still open and I plan to close it when the price reaches 30800 as shown on the trading chart. My short position is open as well, now a hedge position is created to protect myself from a possible stop loss. I hope you understand what I mean
BTCUSDT - will there be a breakdown of the 30000 level? - the script of the original events
btcusdt is near to complete its wave 4 shark pattern cbtcusdt is near to complete its wave 4 on weekly timeframe ,
we can short btcusdt 32700 or 32500
our stop loss must be 33k
and also price near to complete Shark patterns C area
otherside same area is our Elliot wave 4
Here are the key parameters of a Shark pattern:
There’s no specific place for A.
Point B is at the 113%-161.8% extension of XA.
Point C is at the 113% extension of 0X and at the 161.8%-224% extension of AB.
BTC Bitcoin Technical Analysis & Trade IdeaWelcome to this video, where we will be looking at BTC Bitcoin paired with the USD. Currently, we can see that it has traded up to a significant resistance level. Below this level, there is a price gap and sell-side liquidity in the form of stop losses, which could attract bigger players. Throughout the video, we will analyse the trend, price action, market structure, price gaps, and touch on a potential trade opportunity. It is important to note that everything discussed in the video is solely for educational purposes and should not be interpreted as financial advice.
BTCUSD.....4h= Analysis of Bitcoin against the US dollar on the 4-hour chart
= The analysis is based on trend analysis and Dow and Wyckoff laws
= Bitcoin is currently invalid as long as it is in the horizontal path in the red area
= It becomes for buying if the red area is crossed upwards, and it becomes for sale if the red area is crossed downwards
= Relegation is a re-test