Bitcoin ready for correction (Short)After a strong bullish movement inside a wide TR, which seems like an exhaustion gap, I expect a bearish move here after a double top in higher timeframes as well as a nested double top in lower timeframes, we also have a wedge top at this area so a move down is very likely!
NFA
Btcusdtshort
BTCUSDT (Short)BTCUSDT is showing bearish divergence on MACD on 4 hourly chart with price action rounding off. With the formation of Double Top, price is likely to break the bullish trend.
For aggressive traders, bearish divergence on MACD and bearish engulfing is enough to short @ 23,700
For conservation traders, wait for price action to break the trendline @ 23,200.
TPs are based on previous strong support zones:
- TP1 - 22,450
- TP2 - 21,900
- TP3 - 21,300
BTCUSDT: Difficult but possible:)The correction of the BTC price continues.
My long position was closed in the breakeven zone.
At the moment I am watching the dynamics and plan to open a short position at the end of the intermediate wave C in wave B.
All in all, last two weeks is very contradictory and difficult to plan good trades. The nature of the price movement is "jagged" and I have to edit the wave count very often.
Be careful and take moderate risks in situations where you don't know exactly what to expect in the future.
BTC: TRADINGNG INSIDE THE TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is moving in an ascending triangle and is currently rejected from the horizontal resistance. It has created a fake-out in the previous higher high move, so this is an important resistance to observing a breakout with a successful retest for the confirmation of a bullish trend. At the same time, a sustained breakdown of the ascending triangle would be a bearish sign for it.
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BTCUSDT: Growth ContinuesThe development of the situation is gaining momentum.
The BTC price began to rise within the impulse structure of the assumed intermediate wave 1 or C.
Locally, the price is already in wave 3 (in wave 1 or C) and will continue to reach new highs.
The long position opened at around 23,000 has already got excellent profits. I will decide to close the long position after the price reaches a level above $25,000.
The dynamics for September will be decided soon.
In case the upward impulse structure will continue to develop, we should expect the continuation of the bullish rally and the maximum recovery of the BTC price.
USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop according to the pattern.
If it breaks this red line resistance the chart will be invalided.
stay tuned
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BTC 2 HOURS UPDTE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
As before it is creating higher highs and higher lows at shorter time frames and now after the market structure breaks, it is creating lower lows and lower highs. It is also trading in a range. The current MSB level is a close above $23655 to change the trend from lower highs to higher highs while a close below range low would be a sign of creating another lower low.
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BTCUSD another drop ahead?BTCUSD(Daily) is in long term drown trend except for last month some expected retracement to the upside. As the price currently testing the previous support as resistance, it is a high probability that the price continues to drop as the bears are very stronger than the bulls.
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BTCUSDT: Important UpdateI revised my trading plan for BTC again: I believe that there is a high probability of a serious bullish rally start in the next 1-2 months.
The correction within wave 2 or B is most likely over.
At the moment, BTC overcame the boundary of the descending local trend line, as well as formed a group of initial impulses.
I plan to buy on the breakdown of the revers local trend point, after the completion of the small wave 2.
1D Ichimoku.Hello.
Note that we have a rejection of EMA50 and at the same time the candle fell down from Kumo cloud.
And also tenkan-sen has been broken.
I also expect a break of the kijun-sen.
See my previous chart, where I point out death cross from EMA100/EMA200 on 3D chart.
The price has failed to break out of the channel and a test middle of downtrend channel is forthcoming.
During this year price will reach $10,000.
Not ready to say yet if the price will go lower.
A lot of buying pressure will be waiting at this level.
Stochastic falls and SQZMOM brings only 1 gray cross, immediately changed to black.
BTCUSDT | Analysis 05.08.224H - HTF BEARISH
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*Kindly recommend to watch and genuinely study all the trades I posted to see the needed similarities and objetivity, to easily understand the mechanical thought process behind correctly analyze every market/instrument.
No indicators neither price action and chart patterns subjetivity, no unuseful retail strategies.
*SEE THE MARKETS HOW PROFESSIONAL TRADERS & INSTITUCIONS DO, EVEN IF YOU ARE A RETAIL TRADE. ONE CAN BE A PROFESSIONAL TRADER AND AS THE SAME TIME TO BE A RETAIL TRADER.
I'm referring to the manner, not the money quantity one is placing onto a broker.
*Judge me in the next 10 trades, and see how profitable is this philosophy by yourself.
King regards,
Daily BTC SHORT reviewHello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame. As you can see, the price is moving in the local downward channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,573, if the support breaks down, the next support is $ 22,552, $ 22,528 and $ 22,495.
Now let's move from the resistance line as you can see the first resistance is $ 22,652, if you can break it the next resistance will be $ 22,713 and $ 22,777.
Looking at the CHOP indicator, we can see that in the 15-minute interval almost all energy has been used and the MACD indicator confirms the local downward trend.
BTCUSDT: An ambiguous situationThe BTC price continues to correct within some of bearish structure.
I am still not taking any trading action due to the ambiguity of the situation.
In case a bullish momentum is formed, I will look for a place to open a long position: e.g. after the price breaks the local downtrend line.
In general, there is a feeling that a wedge pattern may form; whether it will be the end of the bullish dynamics is almost impossible to predict at the moment.
BTCUSDT: Elliot Wave Intraday TradingI have made certain adjustments to the current count of wave levels.
On the one hand, as before, there remains a risk of continued bearish dynamics and updating the historical low in the current phase. For that, the price needs to make a sharp jump to the $29,000 level.
On the other hand, an emerging bearish wedge could be the beginning of a sharp change in market sentiment.
Locally, the pattern may lead to a sharp decline in price, but subsequently it may be a local correction, which will become a starting point in the beginning for a medium-term price growth.
I'm still watching and planning the trading actions on the alts, because the productivity of trading operations on them is much higher.
I recommend to use patterns that are formed on BTC to plan trading on more volatile coins, which have some correlation with bitcoin price.