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Btcusdtrading

BITCOIN: The 4H Death Cross can deliver 32800.BTCUSD is on neutral 1D technicals (RSI = 48.291, MACD = 346.700, ADX = 26.388) which indicates its still consolidating despite today's sharp drop that turned the 4H time-frame red. We are expecting a 4H Death Cross to be formed today or tomorrow, which even though bearish in technical nature, it has been this year, in peculiar fashion, a bullish signal. This chart shows that the April 24th and February 14th Death Cross patterns delivered a strong rebound of +11.30% and +18.00% respectively. On all fractals, the 4H MACD formed a Bullish Cross from the oversold region. Consequently, we are expecting another (at least) +11.30% rebound (TP = 32,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
Bitcoin Day Trader's Money ZoneThis post contains a great tip for all bitcoin traders. I use it every day for my bitcoin trades. On the chart you see two green vertical lines. These are drawn from 8:30 AM EST to 11:30 AM EST everyday New York Time. I call the time between these lines Money Zone, which is where Whales/Institutions/MMs/Whatever set up their day trades. The yellow Horizontal line is high/low made withing the zone and the yellow vertical line is the end of session. The red vertical lines are for Saturday where this is not applicable, even Sunday is not applicable since these are weekends and big money don't trade on these days. But for a fair number of Sunday's, this idea holds true in my back testing. What you should notice is, the high/low made during the money Zone is never breached till the end of the session marked by the yellow vertical line. I have back tested and marked all the money zones for the past 2+ weeks, but you may not be able to see them all in the post, so I am sharing a live link of my chart below. www.tradingview.com What you must do is use your regular TA to determine levels of interest, create setups in advance and wait for the money zone. Now by this time you should already have a bias to where the price is likely to go next and wait for a counter move/manipulation in the opposite direction and comfortably take the trade and relax for the rest of the day or at least till the end of the session. This is applicable for other sessions like ASIA or London as well, but I have personally found this to be more accurate for the New York Session. This is not Financial Advice.
BYBIT:BTCUSD.PEducation
by zakoraio
2
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
BTCUSD: Double buy entry plan. Bottom is close.BTCUSD is technically on red indicators on the 1D time frame (RSI = 41.679, MACD = -426.400, ADX = 31.022) as it is inside a Channel Down pattern since April 14th and under the 1D MA50 since May 7th, but is near the HL trend line that is supporting throughout 2023. There are high chances of holding this trend line so our strategy involves placing the first buy now and the second on the 1D MA200 in case the HL line breaks. The medium term target is the R1 (TP = 32,000). Observe how the price action of the last month is much alike (also on the RSI) with that of December 2022, both under the 1D MA50. This bolsters the probabilities for a rebound. Additional validation will come after the RSI crosses over the LH trend line. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2