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Btcusdtrade

✂️Bitcoin LOST the support line✂️(1-hour time frame)It seems that Bitcoin managed to complete the correction structure of Double Three Correction(WXY) in the last three days. The 💡 Sign 💡 of the completion of the Double Three Correction structure can be the breaking of the support line . ➕Also, if we look at the RSI indicator in the 1-hour time frame, we can see the 🗻Double Top Pattern🗻 , and I expect the RSI to move downward in the coming hours .👇 🔔I expect Bitcoin to attack⚔️ the 🟢 support zone($29,860-$29,420 )🟢 again after breaking the support line . 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
82
BITCOIN first 28k then more green candlesticks ❌🧨Hello 🐋 based on the chart, the price again sticks in the range position middle of the parallel channel 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
8
BTCUSDT--34K or 25K ??Observations: If we see on the weekly chart the previous demand zone is clearly resisting the price to go up. on bottom side price has taken the support from previous supply zone/Resistance Acts as support and price moves up. Weekly analysis... Daily Analysis:: If we see on daily analysis...the price is in a range from few days... the previous supply zone is resisting the price to gg down. If price breaks this zone then only we have a chance of short oppurtunity... A rally base rally is going to observe if price breaks this range, on upside. No retest is observed after breaking the trendline as well...if it wants to test this 34000 wants to acts as resistance.
by IIT-Trader
BITCOIN stick in range zone first we need correction ❌🧨Hello 🐋 based on the chart, the price stick in the range market cycle and it is temporary 💡📖 beside it is stick into the parallel channel and the green candlesticks become weaker and weaker 💡 for any other huge pump, we need more correction to the downside at least close to next support area (28k) 💡📖 👌 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 🐋
Short
by MadWhale
12
Bitcoin decline after completion of pullback(1-hour time frame)Hi everyone👋 (Reading time less than 2 minutes⏰). First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇 Bitcoin started to decline after contacting the upper line of the rectangle pattern ; the first support in front of Bitcoin was the uptrend line . Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢 support zone($30,700-$30,560) 🟢 a few hours ago. Bitcoin is currently completing a pullback to the broken 🟢 support zone($30,700-$30,560) 🟢. Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA , which is a sell signal , and the resistance in front of the Bitcoin are 20-SMA and downtrend line , which has reacted well to this extreme move in the previous two minor pivots . 🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern. 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
Bitcoin Change of Character Long TradeTLDR: • This Idea is for traders that are sidelined and looking to enter long or to those of you that would like to increase position size. • As in the previous Bitcoin idea, this idea is valid Assuming that this Impulse up is finished. • I charted the Fibonacci Retracement levels and a Demand Zone in an effort to find the most likely target for a pullback. General: • Bitcoin’s move above 28.5K is a Change of Character. Meaning that we moved from a downtrend to an uptrend. Of course, all within the larger uptrend. Since the likelihood of continuation to the upside has increased, we can use a pullback, if and when it occurs, as a chance to increase position size or to enter long. • I would like to reiterate, there is no guarantee that the impulse up is finished. However, Bitcoin is oversold on the lower timeframes, so IMO we can expect a pullback shortly. • If bitcoin moves up, I will reassess the situation. This is our life as traders…. Pullback Targets: • 0.236: The 0.236 fib level has the confluence of the Fixed Range PoC. It is the most bullish scenario; a quick test of the trendline and off to the races. However, if you intend to place a limit order your SL should be wide, at least IMO. Let me just add that Bitcoin is a little overheated and I am not confident that such a shallow pullback is healthy for further continuation. • 0.382: Confluence with the previous range high on the LTF. This is not enough confluence for me personally to be confident that this level will hold. We’ll have to wait and see. • 0.5: Strong confluence (green triangle). 1. The 0.5 Fib. 2. Former resistance line. 3. Upward sloping trendline. 4. Just above the demand zone • 0.618: Relatively deep pullback. If we get that low, we will be below the uptrend support line. Deep inside the demand zone but, low confidence IMO. We’ll have to see if it holds. • As a sidenote, if we examine the impulse of March 11th -17th. It was a relentless uptrend with no stops to onboard sidelined traders. The first impulse coming off of the bear market was the same. If this kind of PA repeats maybe you should consider looking for altcoin trades. Check my Ideas about FET, AGIX, SOL and FTM. NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto