BTCUSDT: Elliott Waves Intraday TradingThe bitcoin price found resistance at $24,000.
I was waiting for clarification of the situation to understand what structure the price may be in at the moment and what to do now.
On the one hand - 2 impulses were formed downwards, which may become a starting point for the start of strong sell-offs; on the other hand - the upward movement may continue within wave C of wave Y, forming a bearish wedge.
In such a situation it is possible to open a long position, but take into account the fact that in case of a negative scenario it is necessary to quickly make a decision to roll over on short sales.
I plan to sell bitcoin at the end of the wedge, or at the breakdown of the low of wave 1 as part of the descending momentum repeat pattern.
Best Regards,
CEO Tornado Capital
Btcusdtshort
BTC: Will this Bearish patterns will be invalided!!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 retesting above daily support level after clearing liquidity above it. As it has done break of structure after giving a close above the previous HH region. So there might be a possibility of creating another higher low before an upward move, if it give a successful retest above the marked support levels.
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#BTC breakout this Descending Broadening Wedge!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this Descending Broadening Wedge in 12hr timeframe .
We can expect a good rally from here but IMO never trust BTC in case of breakout it’s always surprised us.
Majority of Traders/Influencers were Talking about 10k-12k-14k in case if BTC did fake out this breakout.
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BTCUSDT - You should wait for the new accuulationWhat do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTCUSDTBitcoin price still ranging in accumulation phase between 22600 and 19000. A break through at this point at 22600 will lead us back to 28500 and 30000 level with proper confirmation. Otherwise the price still ranging between the two level. And a fail below at the accumulation phase then the price should be test the lower range levels of the desending channel at 13000 and 9900 level area.
BTC/USDT UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC
BTC did a decent bounce and currently, it is trading above the horizontal resistance.
For confirmation, BTC needs to close this 4houes candle above this horizontal resistance.
So let's see how the 4-hour candle closes
If this 4hour candle closes above this horizontal resistance then as expected it will rally towards the $23.3k.
Stay tuned
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BTC long-term: POTENTIAL SCENARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC LONG-TERM UPDATE:
BTC took a massive dip of about 85% again to reach a new bottom within a duration of about 396days (About 1 Year) of Bear market. The drop ended in the month of January 2019 which make the January to be a special month from my research.
After, the achieved bottom of 3081$ in January 2019, Bitcoin price begins to rally for a new ATH again, which break the previous high. This rally so far had taken about 1035days (2yrs, 8months) with a fresh ATH of 69270$. This ATH was achieved in November 2021.
This was one of the reasons why fear entered the market and the price entered a downward trend
In the third cycle, the price enters an upward trend. Banks and institutions intensively buy. Finally, the price grows by about 130% during the two ascending swings and forms a new ATH. Finally, buyers tend to buy in the range of 60,000 to 68,000. The dollar is completely lost, and organizations and institutions try to save profits and exit their transactions with a profit. Eventually, the price falls and continues to fall for a period of up to $ 33,000.
Buyers see the price range as an opportunity to invest and buy for a short time. The war between Russia and Ukraine has been going on for nearly 7 months, plunging the entire financial market into fear. Secured assets, such as gold or oil , are why we are seeing them grow these days
In general, I do not see good conditions for risky financial markets. On the other hand, the price is currently moving within a trading range, which is also a sign of the end of the downtrend and the beginning of a new cycle.
If the price wants to move as it did in the past, we should see an increase in the price of bitcoin in the coming days.
Next ATH is expected to happen in the next 2years within November to December 2024.
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BTC: IS STILL 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 UPDATE
It bounced after hunting stops below the channel support by liquidity grab wick and now it is again back in the channel.
It has also respected the previous higher low and it is creating lows in ascending order. Further consolidation can be expected inside the channel until we see a successful breakout.
Bounced nicely, looks like we can see a rally towards $23200 soonish if the support holds.
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Bitcoin | Accumulation Phase Continues!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC (Update)
Bitcoin is forming Descending Broadening Wedge in Daily timeframe .
Majority of Traders/Influencers are Talking about 10k-12k-14k But imo, Bitcoin will Remain 18-22k S/R Range for Next Few Weeks & Broke the Broadening Wedge in Mid August & hit the 28k-30k Key Resistance in Late August/Early September So Keep Accumulating the #Bitcoin.
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BTC BEARISH PENNANT PATTERN📈BTCUSDT | Lately, BITCOIN has made majority to be contingent and as a result of that, different critiques were disseminated and investor are starting to trade based on sentiment and leveraging the opportunity of btc trading low. DCA is very vital at this juncture as it is an excellent approach of buying during bear seasons. Ever since bitcoin made its way to $19k, we've seen a various setups on the lower and higher tfs. The present chart shows a bearish trend with btc trading at the exit(higher low-HL) of the specified bearish pattern. In this case, we will consider its reaction at the bottom of the pattern, the possible movement has been indicated on the chart. If $18k holds (which is unlikely), BITCOIN will tend to consolidate in a RECTANGULAR PATTERN until we get to see a breakout at the top and bottom of the pattern which are $23k and $18k respectively. Else, BITCOIN will continue its retracement to the next support level btw $12k - $14k.
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BTCUSDT: NEXT RECESSION FOR 5-10 MONTHSHi everyone, I want to share with you a free signal. These days, we know that we have finished with Q2 of 2022 with bullish manipulation, as I've mentioned before.
For now, we will go for the next level of the high possibility of recession effect on cryptocurrency and any other digital commodities. Last year I've told everyone to get out from crypto or even set a short-selling position on the $40K-$39K, cause it's already bubbling in that phase. As for now, I didn't see any good opportunity for BTCUSDT to get bullish from technical analysis.
For now, I will share with you my free signal, here we go:
TYPE : MIDTERM
COIN : BTCUSDT
POSITION : SHORT
LEVERAGE : 3x-5x (5% margin)
OPEN : 20,600 - 21,200 - 21,800 - 22,000++
CLOSE : 19,500 - 18,033 - 15,600 - 12,000 - 10,200
STOPLOSS : 4H CHART CLOSE ABOVE 25,188
Let's see how it is going. Time will tell.
Thanks for your kindly support guys.
Bitcoin: Did fake out! What's Next?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Bearish Flag formation in 1D timeframe..!!
So far, So Good but In Worst Case, If Flag Broken Downside, Expecting Bearish Wave towards the 14k.
If BTC breaks this red line resistance then the chart will be invalidatedd.
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