BITCOIN BEARISH MOVEMENT WITH ONCHAINHello Traders and analysts.
As you can recall from previous analysis, Bitcoin had a bearish movement, and we also predict it.
I screenshotted a metric in Glassnode that shows the supply of wallets between 1K to 100K. This chart is hourly and shows today's movements between wallets; as you can see, the value has decreased today. This chart indicates that correction might continue, and the price can see lower levels. On the technical side, the price has formed a head and shoulder pattern and has a bearish momentum in every candlestick that shows this price is not the right place to buy, and the correction might continue.
Note that this is a short-term analysis and is only valid for a couple of days (or just a couple of hours).
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What is your opinion? Comment below.
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Good luck.
Scalping
Large volumes appeared. I expect a rebound from the support leveThe price has been in a downward movement for a long time. Large volumes appeared. Got a reaction from the level. An oblique level in the resistance was formed. I expect a rebound from the support and movement towards the boundaries of the inclined level. Goal - 0.477$
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $17,210 📉
💵 Length of trade: we are expecting BTC to hit a 225 scalp, with a high end of $325, and a minimum expectation of $150.
🕰️ Duration of trade: we are expecting this to occur within 1.5 hours - 4 hours. Then we see a maximum duration of 14 hours.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Bitcoin : Patience is KeyHello Team,
Currently Bitcoin is between a support & resistance level. For us we will not be placing trades within this range.
- If the price breaks above the resistance we will look for a buying opportunity.
- If the price breaks below the support we will look for a selling opportunity.
Patience is key, let price action tell us the answer.
Increased volumes. Good entry point The tool is in the leaders of growth, on increased volumes formed a resistance level with two touches on a round number, I expect a small trade, an increase in activity in the glass and an impulse exit to the long with the withdrawal of liquidity behind the level, I recommend going into the analysis of a large density at the level. Goal 88.88$
illiquid weekend analysis - trading=art .____.
//volume profile//
---->Value area high/low (confirmation/invalidation)
----> Point of control (confirmation/invalidation)
!!! high probability trade opportunity
//Blue candle vs purple candle//
----> pivot point at specific closing/opening time
(illiquid or liquid???)
//Grey cloud vs Black cloud//
black up
grey down
switchingpoint = res/sup/(orderblocks???)
//trendlines //
---> (confirmation/invalidation/scalps)
Scalping Idea for BTCUSDUnemployment rate coming out tonight if it come higher than expected which is obvious we can see some uptrend to 17230
disclaimer on
A big shadow collected liquidity + volume passed. Goal - $16700After a rapid increase, the price went to the sideways. A big shadow collected liquidity from above + volume passed. Nailed the inclined level and fixed lower. We have come to the POC level and are working on it. I expect a breakdown of the level and a movement lower. First goal - 16700$
ETC: when for $9?If you look at the global price movement, you can see that the coin is now in a downward structure.
The downtrend and the signal of the indicator show that it is better not to buy in long-term deals. Short positions remain in priority.
If we consider purchases, then only within the day and with short take profits.
In the future, I think that the price will continue to decline to $ 9. There is support in the form of an uptrend here, and there has not yet been a buy signal from the indicator.
Triangle. Breakout of the resistanceThe instrument is inside the local triangle. There was a fake breakout of the resistance and sellers took the advantage. Points of control resist buyers while delta has changed into stable red. Open short during the execution of the pointed limit order. Target - 0.375
An asset with great volatility. Time to sell!The asset today is traded on volumes. After a strong movement, the price went to the sideways. From the upper border of the sidebar we get a reaction in the video of large shadows. At the bottom, an inclined level was formed. I expect the exit from the sideways down and the movement to the inclined level
NZD JPY SHORT SCALPTarget 1:1 RR
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